Litecoin creator Charlie Lee was the latest guest appearing at Morgan Creek Digital Partner Anthony Pompliano’s Podcast. One of the questions he was asked was, why did he sell all his Litecoin at $300. To that, he answered,
“I actually personally did think it was going to keep going up. I didn’t think that was the peak…I thought it was going to hit $1,000.”
He also mentioned that although he is asked by a lot of people as to where the price of Litecoin is headed, he admits he also doesn’t know where the price of Litecoin is headed.
“If anyone tells you they know they’re lying. No one knows if the price will go up or down. I’ve seen a few bull and bear markets. Sometimes it recovers. Who knows? I think if anything, it’s good we’re seeing some recovery. But don’t go all in. I tell people never to go all in.”
Even Pomp fielded the question saying that predicting the price is “fool’s game”. Pomp said,
“More likely than not, we’ve probably seen the bottom. But as many people in crypto learned, trying to time this stuff is a fool’s game. So we’ll see how it plays out.”
Charlie Lee sold all his Litecoin’s at its peak at $300. This news wasn’t well received by Litecoin holders as Litecoin immediately crashed after that. Some community traders think there is a foul play.
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