Litecoin Rising due to a Hardfork ?

in cryptocurrency •  7 years ago  (edited)

According Bitcoin Warrior, Holders of Litecoin will receive 10 Litecoin Cash per Litecoin...
Read the new here: https://bitcoinwarrior.net/2018/02/litecoin-cash-is-coming-but-theres-some-controversy-about-its-legitimacy/

Seems that the current rise is justified...
Would you buy more Litecoins now?

Enjoy Cryptoland!

@toofasteddie

cryptocurrency litecoin bitcoin trading
7 years ago by

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      ·  7 years ago 

    The good point of this new tendency of hard-forking instead of performing an ICO i sthat you don't need to provide your private keys to anyone when they fork. As long as you own those keys, the forked tokens belong to you.

    Also interesting the 1:10 ratio instead of the common 1:1 one.

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      ·  7 years ago 

    Yes! seems that this 1:10 option is moving the rise

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        ·  7 years ago 

      What I see for this ratio is that the new LTC-Cash token will be valued 10 times cheaper as the LTC one.

      They are explicitly saying people that, although the new hard-fork wants to be better -a faster block speed-, their tokens will be cheaper. They get 10 tokens for every LTC. And those new tokens are for a blockchain that is supposed to be faster -and so better- than the original one.

      Looks like a scam to me.

      Anyway, I don't own any LTC, so that is not affecting me.

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          ·  7 years ago 

        Or it could be that they want it genuinely to be worth less so it is more useful as a currency, instead of just being a value holder like BTC. Time will tell...

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            ·  7 years ago (edited)

          In any hardfork, the resulting coin is always cheaper than the original, independently if it´s an scam or not

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              ·  7 years ago 

            Yes. But that is once they are tradeable in exchanges. And that's free market who price it, not the forkers.

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                ·  7 years ago 

              Interesting @toofasteddie

              i wonder if kraken holders will recive.... i'm still waiting for my bitcoin gold

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