Community post
Crypto World Newsflash 16/02/2018 part2
Is Litecoin Cash a Scam?
Litecoin ($LTC) is supposed to have a fork today that will give users 1 Litecoin Cash for every 1LTC they hold. This news has sent sent the Litecoin price rocketing upwards in recent days.
But all might not be exactly what it appears to be. The creator of Litecoin, Charlie Lee, said near the end of January of this year that any fork of Litecoin - by name - is a scam. He includes Litecoin Cash, Litecoin Plus also anything else that has the Litecoin name attached to it.
This does not mean that Litecoin Cash does not exist, only that its not directly connected to the original Litecoin (LTC).
If this isn't a scam, the creators of this Litecoin Cash aren't doing a very good job of acting like professionals. Their Twitter page should be an instant red flag along with the fact that they only created their identity a few weeks ago.
Be careful out there, whatever you do regarding Litecoin Cash. Please remember that Litecoin (LTC) and Litecoin Cash ($LTC) are run by different people. If you lose all your Litecoin an a Litecoin cash wallet then you have no come back with Litecoin.
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Replies (8)
Interesting article! I've followed and up-voted your post i look forward to your future content!
For info and technical and fundamental analysis of Crypto's, an insight into how the whales manipulate the market and how to get involved in an exciting 12 month millionaire challenge we've recently started, check out @cryptobroye :)
Thanks. Thing is people jump into things before checking it out. If its is scam I am glad I have done my part in drawing attention to it.
Following you back. Your millionaire challenge sounds interesting.
Thats all we can do, bring issues to light. Its up to the people to do the rest :)
The challenge is extremely exciting, we smashed month one target in 8 days even in very choppy market conditions. Due to these conditions ive held back on making the second months call just yet until BTC and ALTS are showing a slightly more obvious, bullish incentive. Once we see that my team and myself will be analysing like mad men trying to find the next potential 30 day doubler.
I look extremely forward to posting it and seeing how it can work for those who join me :)
Sounds awesome. I will certainly keep an eye on what yous are doing. Gotta love crypto.......;-)
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