Bitcoin Forum

Litecoin Cash never was a scam.

Let me say it again: Litecoin Cash was no scam!

Forbes Magazine, CNBC, Fortune, Nasdaq - All they were wrong!

Check it by yourself.
Educate yourself.
Invest.

Here is the tweet (scroll below) from Charlie Lee that involuntery led to crash of Litecoin Cash for years: https://www.financemagnates.com/cryptocurrency/news/litecoin-cash-scam-legit/

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Nakarato

who says that this is a scam? why are you so protective?  is there any reason why a Newbie account  is clearing this up here?
don't they have formal representative to tackle this clearly ?

Well why should i care when i have no interest in investing for this Litecoin cash?

I'm still holding my litecoincash but I'm confused why you created this post without pointing to where the project is been accused of been a scam, litecoincash is a good altcoin but things have been slow down when it comes to development, still the patience dog eats the fattest bones, pls try to update where it's been called scam probably put up a link?

You can explain what reason that makes this shit coin was not a scam. https://coinmarketcap.com/currencies/litecoin-cash/markets/

I can say this is a scam coin. There are some reasons why i was calling this as a scam.

1. No liquidity

2. Traded on the shit scam exchange site like yobit

3. This is just another useless fork coin with no utility

Those reasons more than enough to explain why that's a scam coin. Feel free to hear what's your opinion about this shit scam coin. Investing in this scam? The worst thing that i have ever heard.

Not defending anyone, but a project who uses another successful project's name? Like Bitcoin and then we have Bitcoin Cash? We all know what happens to the latter though, no support from the community and the people behind have been branded as scamming people around because they pretend to be the true Bitcoin?

This might be the case here and that's why investors think that this is just another scam projects that is taking advantage of Litecoin's name.

So you're answering this more than 3-year old article?

https://www.forbes.com/sites/karlkaufman/2018/02/27/the-creator-of-litecoin-sends-a-warning-about-litecoin-cash/?sh=6a528efe5487

It's Charlie Lee that has that feeling so prove it to him after going out when it's been said years ago.

Yes.

It is right, there are a lot of scams out there.
Charlie Lee want to be careful and had warned the people of scams.
And Forbes, CNBC and other magazines immediately devaluate Litecoin Cash as a scam.
But Charlie Lee only wanted to warn for Litecoin fake forks generally and people should be careful to tip the private key.

He could not guess that Litecoin Cash would be an amazing project without his team.
No one could guess that, everyone was careful.
That's why LCC was down for years.
And now, Litecoin Cash is becoming the little brother of Litecoin.
This is the reason why LCC was going 10x in May 2021.
And it is correlating with Litecoin since 2021.
People are waking up.

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Nakarato

I totally understand.
Bitcoin Cash is not the true bitcoin, but it is the brother.
It is the brother, cause BCH was born in the bitcoin family.
And the brother was one successful, for reasons.
The same is happening now with Litecoin Cash.

And thats the point.

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Nakarato

What?! A brother? I don't even consider it in the bloodline of Bitcoin.  ;D
The same goes for LTC Cash. Creating a name that is obviously a copycat of BCH in the Bitcoin blockchain. Who is going to support it?
Look at BCH having a hard time receiving support. They just became a milking cow from the airdrop and afterward, they were left in the darkness.
What's next? A sister of Bitcoin and Litecoin named BTCdog and LTCdog? Let's stop this and just focus on the main branches of cryptocurrency. (Science)

Yes, Litecoin Cash was the 1st fork of Litecoin.
The blood is real.

If you don't believe me the project is great, take a look on the whitepaper.

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Nakarato

I don't hear anyone said that Litecoin Cash was a scam, all average person here know that the Litecoin Cash is a Fork of Litecoin with much improve features and supply (that's what I know, not sure) They can just take a look at https://coinmarketcap.com/currencies/litecoin-cash/ to see the market cap and volume.

Or maybe, he's hearing that this coin is a scam owed to those who bought this coin at its ATH of about $4 way back in 2018, and now it is nowhere near to that price. And I don't think it will even go to $1. The trading volume is very small and I am guessing by next year, this will go down more. Unless, you've heard something from their dev team if they can revive this project. Most forks of popular alts are slowly dying because they have no reason to exist in the first place.

You hear a lot about the dev team.

Take a look:

https://www.reddit.com/r/LCCofficial/hot/

https://twitter.com/LitecoinCash

https://litecoinca.sh

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Nakarato

to 2. : The main exchanges for Litecoin Cash are HitBTC, STEX and SouthXchange.

Your points doesn't count, if new projects can get listed on better exchanges in a year I don't see why litecoincash failed here, where every good altcoins are implementing new use cases like DeFI and NFT litecoincash Devs did nothing, I'm glad I sold the coin years back, big loss to those who bought at 4$ since 2018 cos even while BTC hit 65k this year the coin failed to move up, big failure IMO

Litecoin Cash is a store of value, like Bitcoin, Litecoin and Bitcoin Cash.

While Bitcoin hits 65k this year, Litecoin Cash makes more than 10x at this time and correlating with Litecoin  ;)

Take a look on Coinbase or CoinMarketCap.

Have still a nice day.

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Nakarato

Traders always like to take risks be it shitcoin, low volume, or something along those lines.

The fact that it isn't able to create good liquidity means it is far worst from being a shitcoin. If you truly believe in the project, then so be it. It's fine to spread awareness about a coin but while doing that, include your own educating stuff explaining the fundamentals of that coin.

And lastly, don't encourage anyone to invest. It's a form of shilling. Let them decide on their own. Saying a certain coin will reach 10x growth is a form of shilling already.

The comparison of LCC and LTC is like BTC and BCH.

Do you think that the community likes to have the fork as a brother of the main crypto? I don't think so. But anyway, if you've put much of your money on this coin.

Can't say anything to you but good luck.

Its not a scam but many believes a hard fork tokens are not that good since they just copy the name of the original and many believes this is a way to scam people, well you cannot blame them for thinking like this since everyone of us have our own standard on investing. Litecoin cash might not be a scam, but I’d rather but LTC alone than to its hard fork.

If there was a real litecoin and why do we need another litecoin like litecoin cash? Litecoin would be enough for anyone. People will be calling the hardfork coin as a garbage coin. BCH, BSV, BTCD, BTG and so many hardfork coins have become dead coins right now even they were still trading on the exchange site but they have no purpose rather than become another money grabber for sure. I think that people will be seeing the same thing like litecoin cash.
It seems like you're loosing a lot of your money on this coin, right? that's why you keep abandon people who said this as a scam and claimed back if what they were saying was not true at all.

Loosing the hype has become a very bad thing for all of fork coins. People gone and forget the fork coin. They were moving to the new trend

Bitcoin cash is not a scam Just one of those coins that just purely not "evily" copy their mate and now they have less users and usage I really dont see why you should even make the post with no evidence or anything tangible I mean is ok to say devs for the coin have lacked behind and have basically really not been up to the task and now coin feel like a burial ground and forgotten but not a scam and who know in crypto anything can happen Maybe the pickup from where they left

Don't compare BTC, ETH and others with litecoincash, the ATH of BTC was 19,000$ in January 2018 and today it's ATH is 65,000$, now let's compare it to Litecoincash, LCC ATH was 4$ in 2017 and today it's 0.01$, that's a huge loss my friend, even while all altcoins are pumping LCC was struggling

The project isn't Scam buts it's a good example of a shit coin because I've been holding this coin since 2017 and I bought at a very high price, after DeFI and NFT took over crypto market and some altcoins like BNB, NEO, XRP are surging this coins failed to move up, it's been 5 years already

Yes, but LTC and LCC can coexist at the same time, because they have different attributes which are good for the future crypto world.
And they should coexist at the same time.
People who say 'bitcoin only' get a big surprise one day.

Maynot be a scam coin but its just a complete useless coin to be invested and this is just the shitty form of bitcoin cash like coin. Developers are acting smart to trap the investors with forked coins but most of educated now and know what to choose atleast the media is exposing the scams. :D

And since 2017 there is nothing new happening around LCC project? This is not an excuse, LCC isn't the only fork coin that suffers in bear market, even bitcoin cash, bitcoin private and bitcoin diamond still surge higher this year, they are forks like LCC but LCC disappoints

It doesn't matter whether you're seeing it for long term or short term but the result will always be the same. Just take a look at the chart, it will never lie because the chart was telling about the truth of this coin. LCC just another abandoned fork coin like BTG or bitcoin diamond. There are lots of fork coins already dead in the market as well. Litecoin was different than litecoin cash. Litecoin is still having the trust from the community while LCC doesn't have something that backed it. I don't know why the thread starter was defending LCC so hard. NFT and DEFI totally different than the fork coin. NFT and DEFI far better than fork coins.

For coin just another kind of coins created by lazy developers that just wanna get money from the market.

I am hearing about this project for the first time and it is a subtle advertisement, so what i would like to know is who termed them as a scam and what made you to come out and proclaim that it is not a scam. Are you one of the founding members of the project. I thought the Litecoin team would send legal notice for using their name as recently some of the projects sent legal notice for some of the new projects for using their name.

Yes, exactly, I totally agree.
LTC is long-term store of value.
The same is LCC.
And LCC is even cheaper then 1$ for 50cent.

Litecoincash is not a good altcoin, things have slowed down when it comes to development, this does not mean you are posting on this topic. I feel there is doubt that you own it and want fomo?
and for whatever reason you dare claim that litecoincash is not a scam. i have seen information about Litecoincash on coinmarketcap and its information is very vague and illiquid , Traded on scam exchange site like Yobit and it is just another useless fork coin and no What's the utility?

This is a sort of misinformation, I guess as Nasdaq never say that was a scam...they even praise Litecoin and crypto.
 
https://www.nasdaq.com/articles/litecoin-is-an-interesting-crypto-with-a-huge-upside-2021-09-23

I don't look for the others as they probably speak the same towards Litecoin. I don't know where you get that information or just something you are acting differently and ruining their names (sorry). And besides, people had already know about Litecoin, a known and top listed coin turns to scam? That is something is unreliable.

If you want me to choose between Litecoin or Litecoin Cash, I will select Litecoin as my investment. I do not say that Litecoin Cash is a scam, but I am not sure that coins can increase like the other coins. Although Litecoin price is more than $100, that still worth having it as an investment because Litecoin is one of the old coins besides bitcoin and Litecoin has big investors that still want to invest more. But if you still insist on having Litecoin Cash as your investment, make sure you research for more and think twice before you add more investment to that coin.

Litecoin cash is not a scam coin, even in the market they continue to move steadily, the occurrence of corrections on all coins greatly affects Litecoin cash, so there is no reason to say that litecoin cash is a scam, at this time I agree with the link you provided, that Litecoin cash is not scam coin, but we need to wait for further developments, to conclude a scam or not against litecoin cash.

Yes, I would also like to add to your statement regarding Litecoin Cash. Indeed, there are some who argue that Litecoin Cash does not have volume on Yobit, because people don't really like trading on this exchange. the proof is in other exchanges there is volume, even though it is very small

That OP needs some support for his investment and might encourage others to look for Litecoin Cash. Well, I don't suppose to think it was a scam but couldn't deny that it was just a clone of Litecoin as the original coin. Litecoin Cash, like Bitcoin Cash, all of them are not a scam project but couldn't expect will give us huge ROI as these just to pump once hypes are created. That is why the majority of the investors won't bother themselves to look into this project as they feel something unworthy. I'd rather to choose Litecoin instead, just like you.

Yes, that simple question is also the answer to everything. No one claimed LTC cash was a scam but it's like you are making a hype about it.
I don't understand if you are supporting or creating FUD.  ;D
I'd rather pick the original than trouble myself into researching about the said name which in fact is the first time I heard about. I knew about Bitcoin cash which is the poop of Bitcoin but never knew that Litecoin also had a bad stomachache.

I think these who make forks are trying to convince everyone that their coin is the "real" coin, they know very well that they have no chance of it in the long run.

They hope to make a quick profit in the first phase, hoping people will think it's a similar situation to ETH and Ethereum Classic.

Even Roger Ver failed to convince the community that Bitcoin Cash is the better coin.

In the case of Litecoin Cash, it is only a matter of time before the price drops to zero.

Litecoin is more suitable for long-term investment because the daily price movements are not too much so it is a little less suitable for the medium term especially for the short term, because the quality is already very good

Litecoin Cash, I didn't know that there's a coin with that name I guess it's a fork from Litecoin, But why is it a scam and why was Charlie Lee the founder of Litecoin was involved here I use Litecoin because of it cheap transaction fees especially while I'm playing in the crypto casino But I don't know about Litecoin cash until I read this OP, now I'm checking it in CMC.

Who said Litecoin Cash is a scam, you can't see the tiniest part of what people are saying, it's not worth it and based on the number of people involved in the crypto world, a scam is very different from a coin that has no movement in the market, a scam is definitely dead and will never grow again, must be able to separate the two, there are no clear references and sources that say Litecoin Cash is currently a scam.

It is clear because coins that have been scammed will not likely increase by more than 10% in current market conditions even though Litecoin Cash is only listed on small exchanges, but the coins are still very alive and can be traded by anyone.

On the news submitted on the Forbes site that the hard fork will get 10 LCC. This made the LCC coin price increase by ATH $7.75. However, CMC did not record any chart reaching that price. So that investors claim LCC coins are scams. The highest price based on the chart was $0.26, and it didn't last long, perhaps this is also the reason for the scams.

I'm curious, why the hell do they keep creating these kind of altcoins? there are so many altcoins that are good projects and they are not copy/paste or hard fork so why don't you get inspired by those good projects to stop creating that kind of hard fork altcoins, it doesn't do anything good. it doesn't make sense to have litecoin cash, it just doesn't make sense. OP stop defending that kind of project


whoever is the brave one who wastes money buying this altcoin shouldn't be someone who gives value to the money he has

If coins that have been rigged usually will not increase again, because all cheated coins will never develop in the market, unlike Litecoin Cash, this coin has not been included in the scam / fraud category, even information about Litecoin Cash can still be opened on the official website them, currently Litecoin Cash can still be traded freely and has good prospects next year, therefore I make sure it has not been entered into a scam coin.

We should not be part of the value giver of the coin, considering as we know about the number of coins that exist today, if we dare to spend money to buy this kind of altcoin, then we are ready with any risk, so the assessment of the coins we have buying is not based on our inability to provide profits from the results of these purchases, this is just talking about our opportunities and ability to analyze the coins we want to buy.

From a newbie! that's very reassuring, lol, people refers to many project as scam anyways so it is nothing new,  if they are not scam I guess time will tell when they have proven their worth and credibility in the crypto space, between I didn't know of ltc cash, am only aware of btc cash, can't blame people referring to such projects as scam since they really don't have a real usage except being a clone of a popular coin, they have to do more to prove they are worthy.

To be honest, I have never heard about this Litecoin cash til you brought it up. They are really doing a good job of work of working under wraps. Now back to the coin in question, I just checked about them and found out that there's little or no community, no use case(at least for now) and no partnerships. Maybe I'm wrong, but I won't invest in such

There are lots of coins these days in the market that are not a scam, but due to the nature of the cryptocurrency market people are still going to think that these coins are scam. These days It is usually hard for you to differentiate between legit coins and the ones that are not legit, unless you’re going to take your time to start looking into the project and what it is all about, and as well check the team that is behind it and know whether they’re truly who they claim to be and their past experiences in handling such projects.

So, it’s  just a lot of things to do and it requires a lot of work. Then another thing is that the team behind the coin is also required or expected to play their part by working hard and improving their project and also promoting it on different social media platforms, because that's what is going to tell people that this project is totally legit.

Litecoin Cash is not as Viral as other coins so some people start to be surprised when suddenly hearing it, but in general everyone needs to analyze it first in order to understand properly how he woke up without the information being spread.

What opportunities will be missed? try to tell me in full so that no one is curious about this because Litecoin Cash is very different from the original Litecoin, so there is a need for continuous analysis at this stage.

Hey Jared,

there is a huge community, but they are in silence background.
The developers are really focused on the development. Yesterday, there was a hugeee Update.
I can see it on the wallet activities, big wales are still buying and so on.

There are partnerships with hospitals, you can read it on the offical website and in whitepaper 4.

I would recommend to take a look on coinwarz too.

The usecase will mainly be the same like Bitcoin: Store of Value

But it is nice to see that they have partnerships with hospitals too.

The SHA-256 mining and the unique attributes are keeping the LCC network safe.

I really recommend to read all areas on Homepage and all whitepapers, step by step, every day a little bit.
With time you will understand.

Litecoin will suffice for anyone, people will call Hardfork coins trash coins. BCH, BTG and so many Hardfork coins have become dead coins now even they are still trading on exchange sites but they have no purpose but to be another money taker for sure. I think people will see the same thing as litecoin money. Looks like you lost a lot of money on this coin, doesn't it? that's why you keep ignoring people who say this as a scam and claim back if what they say is not true at all.

I'm so sorry not to answer faster. It is no ignoring, I will answer every question from you.
Yes, thats true there are a lot of dead coins which are still trading, but one day the the market will sort this coins out.

Litecoin Cash will survive, because it is even better than BCH, BTG and BSV.
If you look on the new whitepaper thats came out to Hive Mining and so on you will perhaps better understand. It is the whitepaper with lazy bees and stealthy bees. The hive enhancements.
And yes people will see it as an Litecoin Money, but it dont have to in the future.
I have known the coin just since January 2020, and keep investing in it, so I saw a lot in the last months and years.
Educate yourself.

Yes. I like your words.

I didn't buy all Litecoin Cash at a single blow.

I got educated and buying LCC again and again.

I have Litecoin too of course.
But Litecoin is already under the Top 20.
Yes it has potential for more, but it is already high market cap compared to Litecoin Cash.

I see opportunity in Litecoin Cash, for sure.
It is no gambling, it is knowing.

So what is the reason behind creating this thread? Is this a new method to shill your altcoin bags?
I don't believe new forked coins will get a chance to survive in the next bear market cycle.
I prefer to keep investing in LTC but not as much since the founder has announces to sell this LTC stack on social media platforms.

Hello seleme,

no it is a resolution thread why Litecoin Cash was all the years down and is now suddenly waking up. Since 2021.

Feel always free to ask, if you have any doubts on LCC.

Well OK, sure.

There's a lot of projects around that aren't scams.
What's the point though? Any special use case? Doesn't seem like it has much adoption. Volume is not exceptional.

The volume is not high, cause it isn't trading on Binance or Coinbase at the moment.
But it will change with the future.

The special use case is like Bitcoin: Store of value. A very cheap store of value atm.
So Bitcoin, Litecoin, Bitcoin Cash is way more expensive.
Litecoin Cash is in the same area but way more cheaper.
It is mined with SHA256, CPU and GPU.
It is like Litecoin Scrypt but only on SHA256. They are looking to spread the force of miner and so on for democracy.

A real opportunity right now, escpecially when you look on May 2021 chart.

What additional usage options can something that is just a clone do? Each fork of this type is made only to fill its creator's pockets. Roger Ver's experiment with Bitcoin Cash showed what it is done for. Roger Ver himself said in an interview that it is only business. If Litecoin Cash bring nothing new on market, then it cannot be successful.

Litecoin Cash has other attributes than Litecoin and Bitcoin. Your doubts about BCH, can I totally unterstand.
Look at the attributes of LCC and in the Whitepapers and you will unterstand.
Not every Fork is only made to fill creators pockets, but almost 99%.
If you look just on the Top 100 there are so many shitscoins and fake forks, you cannot believe. Dogs and so on.
This is the reason why you have so less trust, but you don't need trust by Litecoin Cash you can appointed on the facts.
But 1% are really good projects, you really have to look deeply to get an understanding.
Let not affect your investments from the 99% shitcoins to reduce your earnings.
One day the market will be sorted out, and the shitcoins will disappear (dotcom bubble 2000)

A lot of whales have Litecoin Cash. But in your eyes they are no whales because you compare the LCC-Whale with a Bitcoin-Whale.
In Litecoin Cash you do not have to invest million of dollar every day, it is very cheap at the moment a huge opportunity for everyone!

Selema is absolutely right. Right now, the technology in the cryptocurrency market is advancing very fast and some great new ideas are emerging. There is no place for copy paste coins on such a market. Projects like Litecoin Cash will disappear from the market at the next bear market. And the fact that the price has increased a bit, it is due to such silent marketing as you do.

The price has increased because whales are buying, you can see it at the wallets.
Litecoin Cash is no copy, it is filling a gap in the hole market.
It will not disappear it the next bear market. But 99% of the top 100 and of all coins will disappear in the next bear market, above all 99% of the top 100 coins. (think about dotcom bubble)

Just stating in words will be enough to prove something is not a scam? I don't think so. Moreover what will be the need for you to come and mention about lite cash on all of sudden? I mean what is the need for you to clear stand about litecoin cash. All the above, I'm not holding or not having any plan to invest with litecoin cash but after seeing your posts here I guess I will be staying more cautious against litecoin cash which might be leading me not to invest with it forever :o.

Stupid statement, you just said everything but BTC in top 100 will die?   ;D

Not everything, but the most. Yes.

Then be more precise...because 99% out of top 100 means 99 dead coins

Oh god yes thanks a lot.
So to be exactly... Most of the top 100 coins will be sorted out. I really mean more than 80%.
If you only take all the Ethereum Tokens or Binance Tokens.
They have currently no function, they only make promises to the future.
They are like pennystocks. Most of them will not stay alive. (dotcom bubble)
Don't invest in promises, invest in facts. (Litecoin Cash, Litecoin, Bitcoin)

Proof of Work. Top 9 on Coinwarz Mining Profitability. Longterm store of value.
840.000.000 LCC Max. Limit

Here is the tweet (scroll below) from Charlie Lee that involuntery led to crash of Litecoin Cash for years: https://www.financemagnates.com/cryptocurrency/news/litecoin-cash-scam-legit/

In the token category it is not a scam, but some people are just afraid because the placement is not on a large and popular exchange, thus making some people consider it a scam, even though the token is not a scam in general.

No one said it's a scam but a shitcoin, the last time this coin performed very well was in 2017 bull market, look the price today just because litecoin is close to 200$ this LCC is also climbing up, it's been years already and no good news so far

We see LCC trading volume is not very attractive. I have seen it long ago, but nothing has changed. This year's bullrun did not have a positive impact on the LCC. If the allegations are not true, I think the development team can clarify it and be accompanied by evidence, not just silly statements. I am a person who is interested in the concept of coin development, although sometimes tokens are more popular than coins. ATH $7.7 shows no real action in the crypto market.

Unlike Bitcoin, it's unclear why Litecoin really needs a hard fork. It does not need to urgently expand the network or upgrade to make Litecoin transactions faster or cheaper.
In fact, the Litecoin Cash team is being warned as a “scam” with a series of Twitter posts related to it. Currently, creating a scam project from open source and announcing it as a hard fork of a certain coin is not a new trick in the market, even for the cryptocurrency market or the market. blockchain. Litecoin Cash is developing its own QT wallet and the project's website promises its source code will appear on GitHub
So if anyone thinks this is an unorthodox or unnecessary hard fork, let the market determine their value.

Litecoin Cash is just late in development issues. I believe in the future of Litecoin Cash and make future price forecasts for a large number of digital coins such as Litecoin Cash using technical analysis methods. So don't worry about the future of Litecoin Cash because everything will be safe.

The surge yesterday is speaking for itself. 160% just one day.
Just the beginning...