Print Page - Charlie Lee Regards Litecoin Cash as a Scam and Warns Investors To Act Carefully

Title: Charlie Lee Regards Litecoin Cash as a Scam and Warns Investors To Act Carefully
Post by: Vladdirescu87 on February 15, 2018, 06:06:54 PM

Charlie Lee, the creator of famous cryptocurrency Litecoin, considers Litecoin Cash, that will allegedly increase the “block speed” of processing transactions, to be a scam. He says it is dangerous and asks investors to be careful with this upcoming fork.

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/charlie-lee-regards-litecoin-cash-scam/

https://coinidol.com/upload/resize_cache/iblock/2b3/900_900_1/2b3a1748f3e8a210d6975523fbd45d4b.jpg

Title: Re: Charlie Lee Regards Litecoin Cash as a Scam and Warns Investors To Act Carefully
Post by: hdclover on February 15, 2018, 07:03:39 PM

Quote from: Vladdirescu87 on February 15, 2018, 06:06:54 PM

Forks these days are kids play. After the successful fork of Bitcoin cash from Bitcoin people were more opened up. In December 2017 there were around 10+ crap Bitcoin forks that took place. Now check those, none of them are ready up for the mainnet. They are all quick money grab opportunities for developers.
Looks like they are tired of Bitcoin so moving onto the litecoin and monero also.

Title: Re: Charlie Lee Regards Litecoin Cash as a Scam and Warns Investors To Act Carefully
Post by: KryptoKai on February 15, 2018, 07:09:44 PM

People are aware that these forks are just a money grab and have no real purpose. Bitcoin cash is now just running on shills by big hodlers but that too is just a fork of the real bitcoin and has no real purpose. Better to stick to coins like ethereum or better yet buy NEO or LISK. Litecoin cash is just a well crafted scam

Title: Re: Charlie Lee Regards Litecoin Cash as a Scam and Warns Investors To Act Carefully
Post by: CryptoCY3366 on February 15, 2018, 07:29:35 PM

I would agree with charlie, these forks are money grabs. Im sure at some point there might be a good one maybe BTCP but who knows.....

Title: Re: Charlie Lee Regards Litecoin Cash as a Scam and Warns Investors To Act Carefully
Post by: HashFace on February 15, 2018, 07:55:48 PM

I get that he wants to protect his brand, but Isn't LiteCoin an unauthorized fork of Bitcoin? Pretty hypocritical at this point to start warning people about the dangers of forks... ;D

Title: Re: Charlie Lee Regards Litecoin Cash as a Scam and Warns Investors To Act Carefully
Post by: nakauten on February 15, 2018, 08:01:55 PM

Quote from: Vladdirescu87 on February 15, 2018, 06:06:54 PM

You should be following most of the coins in twitter so you wont get FOMO,and to remove these FUDs from the picture,Charlie Lee has announced it already that there will be no LTC fork,these people behind litecoin cash are surely a scam,they just want to use Litecoin's name to gain popularity in the market so they could have more victims.

Title: Re: Charlie Lee Regards Litecoin Cash as a Scam and Warns Investors To Act Carefully
Post by: lizardbtc on February 15, 2018, 08:04:38 PM

Quote from: Vladdirescu87 on February 15, 2018, 06:06:54 PM

Many forks even regarding bitcoin are pure scams as they think to lure investors by giving them 1:1 ratio and having the name of popular coin such as Litecoin in this example.

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Alternate cryptocurrencies => Altcoin Discussion => Topic started by: Vladdirescu87 on February 15, 2018, 06:06:54 PM