RE: Is LiteCoin Still Undervalued

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Is LiteCoin Still Undervalued

in cryptocurrency •  7 years ago 

I'm still avoiding BCH as well nothing like a coin out of no where and there are then 16 million of them and some how they have value? lol

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7 years ago by

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      ·  7 years ago 

    Thank you for sharing that.

    I feel a bit better in my concern over that entity. I agree, it was created out of nothing, a fork from nowhere based upon an argument over how to better handle the traffic. Maybe the larger blocksize is a good idea....or maybe it isnt. Besides, arent segwit and lightening suppose to help handle the BTC problems.

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        ·  7 years ago 

      Yup exactly and the core developers dont support BCH just a few miners. I honestly think China backed it with a few billion dollars when it launched as a majority of the miners seem to be out of China

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          ·  7 years ago 

        Do you see the price collapsing for BCH or are there enough people who embrace it that it will hold up?

        That was something that I saw pointed out as a major drawback to BCH...the fact that most of the mining was being done by a few entities. It wasnt a situation where there was widespread penetration among the miners.

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            ·  7 years ago 

          It will always hold some type of value but I don't see it beating out BTC. Still many people are having touble getting access to their BCH but when that happens that's more and more coins to flood the market.

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              ·  7 years ago 

            Thanks for all your insight.

            My intuition led me away from BCH. In fact, when I was mulling a purchase last week, I considered BCH but passed and picked myself up a position in LTC. Like you posted below, I wish I had more. Sadly, my money is on hold for another couple days but I will be adding more (might wait for a pullback). I think this is a nice long term hold.

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                ·  18 days ago 

              I'm inspired!

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