Replies to post #531 on Litecoin (LTCUSD)

[Rags2Riches16]

Check this out....

http://markets.businessinsider.com/currencies/news/litecoin-creator-has-stern-warning-after-the-coin-doubles-in-a-day-2017-12-1011090369

[Rubenstien]

He did say that. And Charlie sold all his $LTC right at the top too ;-)

Ok, sorry to spoil the party, but I need to reign in the excitement a bit...

Buying LTC is extremely risky. I expect us to have a multi-year bear market like the one we just had where LTC dropped 90% in value ($48 to $4). So if you can't handle LTC dropping to $20, don't buy! 😀

— Charlie Lee Ⓜ️🕸️ (@SatoshiLite) December 11, 2017

Every crypto bull run I've seen has been followed by a bear cycle. The market needs time to consolidate. That's just my experience from 7 years of watching this space.

How low and how long it will be is TBD. People need to be aware of this possibility and invest responsibly. https://t.co/ozcR11N68o

— Charlie Lee Ⓜ️🕸️ (@SatoshiLite) December 11, 2017