/biz/ - Business & Finance

>>5837441
very large amount of money coming into LTC every since Lee FUD the shit out of it and it dipped hard.
Now think. In crypto or anything involves massive sums of currency can you take someone's actions at face value? Personally Id say no. The FUD (whether intentional by Lee or not) created the perfect opportunity for big players to dip the market and steal from weak hands. Sure the whales can manipulate but not its a lot harder to make a significant change in a tried and true coin like LTC that is being used in millions of transactions per day (notice even ETH's transactions are slow and traders are opting to go into LTC even if just to exchange it later).
The Lee twitter posts were just used as a tool by whales to accumulate before the next big announcement. I wouldnt trust that Lee sold his full stack, if there is some deal to bring mass adoption at a faster pace then it could have been part of the deal to "sell" his stack.
In reality most of what im posting has zero backing to it but analyze for yourself and think. Is it as simple as the developer of one of the original and most widely known cryptos posting that he sold his stack then LTC dies? I dont think so.