We all know that Charlie Lee has decided to sell his Litecoin (LTC) due to ‘conflict of interest.’ According to him, he did it in three times, distributed in October, November and December of 2017. But it seems that he regrets in some way about that decision.
To those that claim that I sold at the ATH, I actually did not. I sold on 3 separate times: 12/8 @ ~$96, 12/11 @ ~$155, and 12/18 @ ~$350. The average price that I got was $205.
It's nobody's business at what price I sold my LTC at, but I got tired of all the "sold at ATH" hate.
— Charlie Lee [LTC] (@SatoshiLite) January 17, 2018
Charlie Lee Regrets Selling his LTC
Charlie Lee, Litecoin’s creator took a very hard decision and sold (almost) all his LTC in order to avoid conflict of interest.
Charlie Lee explained:
“I have sold and donated all my LTC. Litecoin has been very good for me financially, so I am well off enough that I no longer need to tie my financial success to Litecoin’s success. For this time in 6+ years, I no longer own a single LTC that’s not stored in a physical Litecoin.”
Of course, he explained that he was not quitting Litecoin and that he was going to keep working with the team of developers behind LTC. But he received an important amount of critics from one side and the other due to this decision.
But now it seems that he regrets about that decision. During an interview with Julan Hosp, founder of TenX, Charlie lee explained that it seems that it was not the right decision to do it in the short term.
During the conversation he stated:
“I still think it was the right move but I question whether I think in the long run it was the right move but in the short term while the price is down, below the all time high, it just feels like it’s not the right decision.”
He believes that when the price will be again at its all time high or even more, he will finally feel that it was the right move.
Litecoin is one of the most important virtual currencies in the market, and the longest being in the top10 market cap currencies after Bitcoin. If you want to know more about Litecoin, check our guide here.
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