It is common for those that have been in the digital currency industry for long to advise the newbies to put most of their investments in Bitcoin (BTC) and Ethereum (ETH) before considering other digital currencies. Though what is not common is for the creator of an altcoin himself to give such an advice.
Charlie Lee Counsels His Twitter Followers to Have at Least One Bitcoin BTC
Charlie Lee – the founder of Litecoin (LTC) – did what others have not done in the industry. Charlie Lee recently advised his followers on Twitter to acquire at least one Bitcoin BTC before investing in other digital currencies, including Litecoin (LTC). The maximum number of Bitcoin (BTC) that will ever be in existence is 21 million. This means there isn’t even Bitcoin to go around for the numerous millionaires out there.
So before investing in altcoins (including Litecoin (LTC), you should own a minimum of one Bitcoin first. Once you obtain one Bitcoin, you can invest in as many altcoins as you want – says Lee. Litecoin (LTC) which was created back in 2011 by Charlie Lee as a Bitcoin fork, has always marketed itself as a payment network.
Recently, Lee said that he sold all his Litecoin (LTC) stake. The creator of Litecoin (LTC) said that he sold his stakes to eliminate what he thinks was a “conflict of interest” in his promotion of the blockchain project.
Litecoin (LTC) Price Today – LTC / USD
Litecoin (LTC) is still holding the number seventh spot on the list of top digital currencies in the world by market cap. At the time of writing, the digital currency is trading at $73.17 after losing about 5.5 percent of its value over the past twenty-four hours. The current market of the digital currency is $4.22 billion and its trading volume over the past twenty-four hours is $266.81 million.