[ad_1]
The founder of Litecoin, Charlie Lee in a recent interview, shared his thoughts on cryptocurrencies: Bitcoin (BTC), Ripple & # 39; s XRP and litecoin (LTC). He also revealed why he sold his Litecoins (LTC).
While talking to the Chinese site Jinse.com, Lee said the decision to sell his Litecoin was more than relief. He also added that he made the decision after contemplating it for almost two weeks. In fact, the step has effectively eliminated the distorted opinions, giving it the opportunity to deepen the development of Litecoin.
See also: Litecoin to go around the neck with Ethereum?
He said, "… it was less than two weeks in. After selling it, I feel there is no pressure … Because at that time I will also publish some forecasts on the market movement of Litecoin, but it seems to me always a little strange. "
Lee believes that short-term prices have nothing to do with the fact that Litecoin is doing good or not. He said: "The six-month LTC has fallen so much, but it has done a good job in development, there have been new partners to join and more people have started to contact Litecoin."
Bitcoin (BTC) vs other cryptos
According to Lee, Bitcoin (BTC) it can be said that it is the only thing that is close to gold in the cryptic world. He goes on to say that, considering his massive rate of adoption and his fair price increase, it makes it precious for people to keep it. He believes that Bitcoin will always be the "king of cryptocurrency"
He said, "Bitcoin does not need to tackle filing problems, it's also very convenient to transfer, for me it's better than gold in many places, and if you're more optimistic, Bitcoin's market value may be higher than 10 trillion in the market value of gold, more than 100 times the increase. "
Lee's view on XRP of Ripple
While talking about Ripple's RPP, he said that the extreme centralization of money makes him believe that it is like a diamond in the cryptic verse. According to him, centralization allows manipulation.
See also: Wirex receives $ 2 million of Ripple's XRP deposits in 12 hours
He said: "There are many possibilities (to find and altar to resemble value), but Ripple is a bit like a diamond because even his stock is artificially controlled, and the diamonds are actually advertising … If you want to buy a Ripple for the wedding, it's very precious, haha! "
Litecoin (LTC): crypto-verso digital silver
According to Charlie Lee, Litecoin is undervalued compared to Bitcoin. The total market value of Litecoin or "digital silver" would be lower than Bitcoin. The main difference is the fees for processing a block and the speed of the transaction.
He said: "LTC is trading four times faster than Bitcoin (BTC) but Bitcoin is more used.Today, the Bitcoin and Litecoin user base is relatively close.Many people use Bitcoin and Litecoin at the same time."
Other related articles
Image via Shutterstock
Join our group of Telegrams
[ad_2]Source link
