Is Litecoin Cash really a scam?

Everyone in the crypto space is aware of the recent Litecoin pump, some say due to the announcement of Litepay, some actually think part due to the upcoming “fork” of Litecoin called Litecoin Cash (LCC).

Charlie Lee posted on Twitter saying LCC is a scam:

PSA: The Litecoin team and I are not forking Litecoin. Any forks that you hear about is a scam trying to confuse you to think it’s related to Litecoin. Don’t fall for it and definitely don’t enter your private keys or seed into their website or client. Be careful out there!

Since on the topic of scams, any fork of Litecoin, calling itself Litecoin something or other, is a scam IMO. Litecoin Cash, Litecoin Plus, Litecoin *… all scams trying to confuse users into thinking they are Litecoin.
This also applies to all Bitcoin forks trying to confuse.

But with the way he’s wording it on his tweet, I believe he means it’s more of a theft, as in intentional branding theft of Litecoin and misleading crypto investors rather than actually scamming users for their Litecoins. Also there is no reason for a fork of Litecoin, it’s completely unnecessary and for that fact some may call this a cash-grab by the creators of LCC, or even call it scammy.

This is just my opinion, read more about the Litecoin Cash “fork” or whatever you want to call it, on the Bitcointalk thread here.


Price Prediction for Litecoin Cash

Lets say a 1:1 fork coin would roughly be a 10th of price of Litecoin, so at current rate we’ll say $22, but since LCC distributing 10:1 I think it’s safe to assume a 10th of that, which would put it at $2.20 according to my estimation.

I still believe since the fork is basically useless, maybe worth a minor pump off the bat, or a dump as people trying to rid of their received coins, my overall guesstimate would be $0.75 – $1.50 per 1 LitecoinCash (LCC).


Supporting Exchanges

So far only one crypto currency exchange has made any specific statement about possibly supporting the Litecoin / LitecoinCash fork. Mercatox exchange had this announcement today:

LTC processing upgrade
Mercatox is performing a scheduled LTC node system and processing upgrade The upgrade will take approximately few days. Mercatox will suspend withdrawals of LTC during this period. We apologize for any inconvenience caused, and thank you for your patience. Also we will cancel all stacked withdrawals and will ask you to order it again.
We will do our best to accept the upcoming fork which should occur on or around February 19th, 2018 and fund your accounts with LCC.
Thank you for staying with us. SOURCE
Mercatox Team

UPDATE: Yobit, TradeSatoshi, Crypto Bridge and MeanXTrade all announced support of LCC


More facts about LitecoinCash

Site: https://litecoinca.sh
Exchanges: Mercatox, Yobit, TradeSatoshi, Crpyto Bridge & MeanXtrade
Fork date: approx Sun February 18, 2018
Block height: 1371111
BitcoinTalk thread: https://bitcointalk.org/index.php?topic=2876538.0;all
Twitter page: https://twitter.com/LitecoinFork
Reddit: https://www.reddit.com/r/LCCofficial/
Interview with Litecoincash team member

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Monero Gold wtf is this?

Monero Gold, scam coin? Ripoff of Monero?

Monero Gold (XMRG) is not a fork of Monero, but an ETH-based token.
Checkout their site, monero-gold.org showing the jewish & 9/11 image, wtf

Twitter page seems active, but most people calling it scam coin in the Bitcointalk thread. More info on CMC here.

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Yobit bitcoin exchanage – AUTOBAN

Everyday the Yobit trollbox has retards trying to pump their own shitcoins, today it’s a lot of Bitcoin Liza and BTCRY shit pumps. I tried to post:

“anything you guys are trying to pump here in trollbox is sure sign to NEVER buy”

and what do i get?

Autoban transforms that into “myusername L5: i’m telegram masochist [AUTOBAN]” until Jan 29th (2 days ban)

WTF Yobit!!

😡

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Cryptopia delisting InfiniteCoin (IFC)

“Status: Maintenance. 22nd January – IFC network was the victim of a 51% attack which resulted in the loss of some funds in Cryptopia’s IFC wallet. Unfortunately Cryptopia is unable to regulate or control a coins network. The wallet is now empty and IFC will be delisted ASAP.”

And sad to say, but their support has not been helpful with my attempts to withdraw my coins since 2 months ago

They have replied Feb 2, 2018:

“As you may know, IFC has been a target of a 51% attack and due this attack the majority of IFC coins were lost. We are now lifting the maintenance status to allow users to withdraw their coins.

Users are allowed to withdraw and will be based off first come first serve basis. We realise that this isn’t ideal, so please try and withdraw at your earliest convenience.

Once the wallet is empty, we will be delisting this coin.

As it is the Coin’s team who are responsible for ensuring their network is secure, any further Complaints and support requests should be directed towards the IFC team. You may be able to contact them via their website here: http://infinitecoin.com/ or https://twitter.com/infinitecoin?lang=en

We sincerely apologise for any losses that may have incurred due to this attack.

Kind Regards,
Cryptopia Support”

https://coinmarketcap.com/currencies/infinitecoin/

CasinoCoin Foundation final statement on Cryptopia from casinocoin


https://bitcointalk.org/index.php?topic=356065.new#new

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Sleazy “Bitcoin is dead” advertising

Bitcoin is dead adverts, sleazy, scammy, scummy

An article at UndergroundFinance by Jeff Brown claims “bitcoin is dead” and this Jeff character boasts about how he supposedly “called it”, predicting shit correctly, which is obviously bullshit that is trying to get people to entrust in himself and his article. UndergroundFinance/JeffBrown are paying top dollar to get their bullshit, deceptive adverts all across crypto related sites like Coin Market Cap (coinmarketcap.com). I would advise against clicking any adverts by: UndergroundFinance, Jeff Brown, or Bonner And Partners (bonnerandpartners.com). Really terrible, sleazy and deceptive marketing practices, shame on you dbags 😡

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Bitconnect finally gone bust!

The sketchy crypto coin and lending platform Bitconnect has finally gone bust!

Just $400 per 1 unit of BCC a few weeks ago, down to $15 today, and still dropping.

Their website and subreddit are offline:
https://bitconnect.co/
https://www.reddit.com/r/Bitconnect/

You can still get an idea of the damage by checking out BCC on Coinmarketcap site here. Also read more about it at this article.

Many youtubers were promoting Bitconnect with their referral links, many came across as spammy, for such a scammy pyramid-style setup that Bitconnect was. Users like Craig Grant, Trevon James & CryptoNick, c’mon fuckers, you knew exactly what you were pushing! Quit pleading innocence on this! 😡

The shameless BCC holders hitting HitBTC trollbox with comments like “Buy BCC!!!” or “hold your BCC it go back up”, “HODL BCC”, but if you have a brain in your head, you know better than to touch it with a 10 foot pole.

/Bitconnect

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Conspiracy theory: China intentional crypto price manipulation

imagine if China eventually retracted their statements banning bitcoin mining in China, China centralized exchanges, OTC, or anything crypto….. using that news as a massive price manipulation to their own advantage. This would be incredibly smart, towards building wealth of course, but is that fair? Would this effect any world wide regulation or law towards markets or finance manipulation? Lets discuss

Search Google for “china manipulating currency” and you’ll see, manipulation is something they have always done with currency, why wouldn’t they with something as easy to manipulate as bitcoin or any other crypto?

Email me your thoughts

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Conversation with a crypto expert

I have never had a conversation in my hometown about bitcoin, ethereum, ripple, or any crypto in the last 10 years, well, very minimal, until 2017. In 2017 with the explosion of crypto, especially bitcoin, ethereum, ripple, and all, many people love to discuss this topic, some love, some hate, some just amazed and excited.

This is what sums up many conversations I’ve had with normal everyday people supporting or indirectly trying to pump their shitcoin (Ripple in this story), but many with Tronix, Bcash, and many others.

expert: “dude, RIPPLE is where it’s at!!!”
me: “why XRP?”
expert: “what’s XRP?”
me: “XRP is the abbreviation for Ripple”
expert: “anyways, dude!! it was like $1, then $3!!!”
me: “but it’s centralized”
expert: “what do you mean?”
me: “nothing, shall we get shots?”
expert: “fuckyeaaaaa”

Seems so many people think they’ve become crypto experts lately, giving advices and such, nobody knows anything so please quit that shit! And if you’re going to pump anything please at least have an argument or some kind of reason! Jeez!!!

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Bitcoin Jesus or Crypto Cancer?

Roger Ver, he calls himself “Bitcoin Jesus”, as a narcissistic that he is, must compare himself to higher powers, or GODlike figures like Jesus. In my opinion he is a cancer to the crypto markets, bitcoin especially, but surely the entire crypto game as a whole.

Everyone, do not support narcissistic, egotistical, scammer, misleading and master manipulators like Roger Ver! Things he’s involved with are: Bcash (Bitcoin Cash, BCH), Zcash (ZEC), Bitcoin.com (beware, he aims to mislead you into getting Bitcoin wallets while in fact you’re getting Bcash wallets), and the list goes on.

Beware!

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Newbie money entering the crypto world

There has been an influx of newbie money entering the crypto space, many newbs that I know are seemingly more interested in Xrp, LTC, & Iota, and I always ask why, from what I have observed, they are not interested to invest in Bitcoin because it is “too high” or “too expensive”, so it seems they want to invest in the less popular coins, no matter what they may be, because they are cheaper, mor affordable, can own full units, and I’m pretty sure their drive is that they want to recreate the bitcoin rising experience.

So with Ripple rising so quickly right now (39-79cents in last 24hr), really great for those making tons of gains, but my gut is telling me this one, with the new money, which will be panicky and weak, once it begins to downturn, should fall really big, really fast.

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