Home Bitcoin News Charlie Lee Founder of Litecoin (LTC) on Bitcoin sneezes and Crypto Market Catches a Cold

Charlie Lee Founder of Litecoin (LTC) on Bitcoin sneezes and Crypto Market Catches a Cold

Bitcoin Sneez

Crypto is getting doubted since two people managed to crash the entire market easily. Many people are now swearing at the person who put this market in this position.  What people are doubting isn’t the cryptos, but are the exchanges that are not functioning. 

Some are like It’s a correction. It is important to be patient.  “Don’t be afraid of your fears. They’re not there to scare you. They’re there to let you know that something is worth it.”

Seasoned investors don’t care about the dip.

Charlie Lee tweeted:  “Bitcoin (BTC) sneezes and the crypto market catches a cold.”

Another onlooker stated:  Elon Musk Sneezes and Bitcoin gets COVID.

Some were asking: What is the possibility of getting smart contract capability on LTC? It is coming with a flare apparently.

My question is why doesn’t LiteCoin have a strong community? And if they do why don’t we hear from them? We here, we just don’t like to spam on every ones tweets.

Is LTC ever going to become useful or are we still doing the whole gold to silver thing? Incident – when Charlie Lee was chief in Coinbase, listed LTC and then dumped it.

Well, it reached new ATHs, over three years after he dumped. A neutral minded investor stated, I don’t know why people always hate on Charlie. Get over it. Litecoin has always been undervalued and overlooked for nonsense.

Someone was trying to understand the whole situation:  Among 7000 coins. What will make a coin better than others in the future? Is really just low fees and fast transactions the field to compete? What else a protocol should be capable of in the future to become a successful project?

What is the plan for LTC? Keep on following BTC steps, changing to PoS or anything crucial happening in a near future to LTC code? A De-Fi solution or Swap market on LTC?

Some left wondering:  Why LTC is not attracting investor interest despite its excellent fundamentals.

Why do we need Litecoin when LN comes out in another 18 months? What’s the ultimate goal?

Would love to get an update on how MWEB is being viewed / accepted by miners? Once MWEB is implemented, what does this mean for atomic swaps?

When asked what will regulators do about LTC when it has the privacy updates. Will LTC become a privacy coin and get banned from exchanges? This has already been answered. MWEB is an optional extension and exchanges can opt out.

It just looks like the LTC community are having so many questions about the fundamentals!

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Steven Anderson

Steven is an explorer by heart – both in the physical and the digital realm. A traveler, Steven continues to visit new places throughout the year in the physical world, while in the digital realm has been instrumental in a number of Kickstarter projects. Technology attracts Steven and through his business acumen has gained financial profits as well as fame in his business niche. Send a tip to: 0x200294f120Cd883DE8f565a5D0C9a1EE4FB1b4E9

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