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RE: Is LiteCoin Still Undervalued
Yup exactly and the core developers dont support BCH just a few miners. I honestly think China backed it with a few billion dollars when it launched as a majority of the miners seem to be out of China
Do you see the price collapsing for BCH or are there enough people who embrace it that it will hold up?
That was something that I saw pointed out as a major drawback to BCH...the fact that most of the mining was being done by a few entities. It wasnt a situation where there was widespread penetration among the miners.
It will always hold some type of value but I don't see it beating out BTC. Still many people are having touble getting access to their BCH but when that happens that's more and more coins to flood the market.
Thanks for all your insight.
My intuition led me away from BCH. In fact, when I was mulling a purchase last week, I considered BCH but passed and picked myself up a position in LTC. Like you posted below, I wish I had more. Sadly, my money is on hold for another couple days but I will be adding more (might wait for a pullback). I think this is a nice long term hold.
I'm inspired!