Charlie Lee: "Buy 1 Bitcoin before any other cryptocurrency! "

in #bitcoin • 6 years ago


The founder of Litecoin, Charlie Lee, encourages newcomers to the crypto-community to buy at least one Bitcoin before all other altcoins among the long list of digital currencies.

Buy Bitcoin first


Lee would have recommended to Twitter subscribers to invest in Bitcoin before other crypto-currencies.

"There will be at most 21 million Bitcoins. There is not even enough BTC for every millionaire to have one. So, before buying another cryptocurrency (including Litecoin), try to own at least one Bitcoin first ... once you have a Bitcoin buy all the shitcoins you want! He tweeted.

A conflict of interest

While Litecoin was created in 2011, its payment network function has always been highlighted. The rivalry that prevails between large virtual currencies such as Bitcoin (BTC) and Ethereum (ETH) remains in the background.

Moreover, following accusations that have been peddled, Lee believes that the promotion of Litecoin would cause a conflict of interest. According to its publication:

"Whenever I tweet about the price of Litecoin or even just when I publish good or bad news, I am accused of doing so for personal gain. So, in a sense, it's a conflict of interest for me to hold an LTC and tweet about it because I have so much influence. "
Critics in the Litecoin community were quick to respond to Lee's comments. He added :
"Do not think something is missing at Litecoin. Owning other cryptocurrencies is much riskier. Owning the BTC is safer than a bet. So before speculating, invest in something solid first ... "
The price of Bitcoin is around $ 7,382, down 01.49% over a period of 24 hours at the time of writing this article. Its market capitalization reaches 126 billion dollars with a daily trading volume of 4.56 billion dollars.

What do you think of Charlie Lee's advice? Do you invest in Bitcoin in priority? Tell us in the comments below.

#charlielee
6 years ago in #bitcoin by
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