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RE: Litecoin to explode to triple digits after announcement of Largest e commerce corporation endorsement
I can understand the greater wealth...if the price keeps going up. I also see how their position is going to be even stronger as the currency is fractured among the holders (meaning people have tenths of a coin as opposed to multiple coins because of the price). What I dont get is if they issues arent resolved, there is a chance that Bitcoin starts to dwindle. Even if they step in, could they stop a falling knife?
The scarcity gives them some protection on the store of value side of things for a while. However, as these assets become more well known, people might switch allegiances. And yes three bitcoins might be too many although BCH doesnt seem to be making major headway and still has some of the same issues as BTC.
They can stop a falling knife. If BCH gains traction they are in the same positive leverage position they have with BTC core legacy chain
Maybe I ought to look a bit closer at BCH.
My view up to this point is that LTC (or some other token) would take over the money aspect. For some reason BCH struck me as a childish spat that some took their ball to another court.
Yes I agree