Twitter user WhiteRabbit (@WhiteRabbitBTC) has made the bold assertion that Litecoin was going to eventually drop “to zero.” To support the claim, WhiteRabbit showed the last 6 months of hash-rate data and referenced the idea that Litecoin shows no price movements in connection to its scarcity.
The statement comes in the form of a sarcastic thank you to Litecoin users everywhere, claiming that their coin has helped Bitcoin by proving that the stock-to-flow (S2F) model doesn’t apply to “shitcoins.” This is a reference to views held by another user, PlanB (@100trillionUSD), who has been vocal about the fact that Bitcoin follows the S2F model, but most other coins do not.Source link hereOkay look guys! I know that there is a common saying here in Bitcointalk known to be as
"Everyone is entitled to their opinions" or something similar to that.
Of course they are, even a strong critic like WhiteRabbit who predicts Litecoin will be heading towards zero. Everyone has their own reasons and analysis, but it does not mean that they're right or wrong. We won't know unless if it really happens.
I also don't know if Charlie Lee is aware of WhiteRabbit's critical tweet about Litecoin. If yes, I don't know what would be his reaction or response. Unless if they can do something to turn things around for Litecoin, they might prove WhiteRabbit wrong about his claims.