Charlie Lee refused to buy litecoin. What is the reason?
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The Founder of Litecoin Charlie Lee in an interview with CNBC suggested investors not to draw attention to the decline of the cryptocurrency market, and to invest in digital assets with the future in mind. Buying coins at a low price will ultimately be much more profitable than the same transactions at the peak, he said.
According to Li, the pursuit of traders for exchange of cryptocurrencies creates one of the most serious problems in the market — speculation. Short-term success or failure of coins did not say anything. Investors are much more important to monitor long-term trends in the market than the current fluctuations.
thethe Future of cryptocurrency. Forecast from Charlie Lee
As an example, the businessman gave and Litecoin. Despite the fact that rates coins fell by 60 and 70 percent over the past time, many countries gave them legal status, and millions of people around the world use them as a store of value.
According to Lee, he did not intend to buy litecoin. The reason is the same as selling coins — owner wants to avoid a conflict of interest. So the founder of token responded to the offer again to buy coins while they are $ 60 apiece.
Answering the question of whether Bitcoin back to its maximum of 20 thousand dollars, Lee said that for seven years on the market, but still sees no real factors to predict the price of the coins.
I know one thing, Bitcoin and other coins you need to buy when they are falling against the dollar. I suggest to do this to anyone who is interested in investing in cryptocurrency.
Early In the week, the author of the popular YouTube channel TruthNeverTold Charlie Lee the greatest fraud in the history of the industry. According to the blogger, Lee sold all their Bitcoins at the end of last year at the peak of their value and enriched at the expense of investors.
What do you think about this? Go to the discussion .
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