In his post on reddit, Charlie Lee described how he sees the future of this crypto currency and what role he is going to play in doing so.
He began by promising to be extremely honest:
"Let me begin by saying that this post is likely to lead many of you out. People buy LTC and are part of this community for various reasons. My words or actions will upset many of them and, to be honest, I do not care. "
Charlie briefly touched upon the history of this crypto currency and its value relative to the dollar:
"If you have owned Litecoin for more than 3 years, you have noticed that it is boring. If I had said that it was not so, I would have lied. Litecoin, for some unknown reason, is always very stable against the US dollar, and I have no idea why. Whenever Bitcoin rises, LTC / BTC falls, and when Bitcoin falls, LTC / BTC grows slightly. In 99% of cases, Litecoin is really boring. It cost about $ 4 all 3 years! Now it has grown to $ 50- $ 45. I would not be surprised if tomorrow Bitcoin will cost $ 5000, and Litecoin will remain at $ 45. "
He also spoke about the future of Litecoin:
"I believe that someday LTC will rise in price. Perhaps its price will soar to $ 400 for a few months, but no one knows if this will happen ... Litecoin will succeed if people invest in it. A simple purchase of LTC does not help ... "
The developer added:
"If you think that I will promote LTC to enrich you, you are deeply mistaken. I'm not working for you. You do not invest in a corporation in which I am an executive director, my goal is not to make as much money for you (as investors). Decentralized currencies do not work that way. "
Charlie Lee could not fail to compare LTC with the crypto-currency "king":
"While Bitcoin is gold, Litecoin remains only silver, and this does not change. They work side by side, but Litecoin will never surpass the crypto currency king. However, I already resigned myself to this. If you do not agree with me, you can go and write about it on your twitter, but as for me, it just does not make sense. "
At the end of his post, the developer wrote:
"I have already said this, but I will say it again. Ask yourself, not what Litecoin can do for you, and what YOU can do for Litecoin ... I'm sorry if I upset you, but I will not change "
Source: https://cryptocurrency.tech