Charlie Lee (Litecoin creator) dropped some no bs advice in his latest CoinDesk interview
He said if he could tell his younger self one thing: just buy Bitcoin, store it away anonymously, don’t sell, and don’t get involved in anything else crypto-related
Admitted that creating LTC didn’t actually make him more money — it just brought a ton of headaches
Conclusion: you’d be much better off simply stacking BTC and doing nothing else. Don’t follow in my footsteps
Just really fascinating to hear this from someone who literally started one of the largest altcoins
What is your take?
To alt or to not alt?
Charlie Lee Says all Altcoins are trash. BTC only
byu/Accomplished-Eye5567 inCryptoMarkets
Posted by Accomplished-Eye5567
1 Comment
Been through all the cycles.
It is basically true.
All ALTs are scams. Name one from precovid still around that is actually following through on the use case it was selling (exclude ETH, but even then…).
BTC is probably a reasonable store of value now. ETH wants to get there but cant. Everything else is a wannabe until it runs out of money.