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RE: LITECOIN RIPPING FACES OFF AS IT LEADS CRYPTO MARKETS UP

in #litecoin7 years ago

I'll admit I'm new to the crypto space, but I just don't understand how a fork can be good for a crypto! Why would it make Litecoin pump like this, unless it was to bring in buyers on a retrace for profit taking. I guess this is how I look at it with my forex head :). Lots of reading still for me. Thanks @forexbrokr

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Price is going up pre-fork purely because people are buying LTC now in order to be able to receive their ‘free’ LTC Cash coins. That’s all.

People say that after the fork then they’ll all get dumped, but this didn’t happen after the BTC to BTC Cash fork.

Ahh! thanks @forexbrokr, that makes a lot more sense now. So I guess these "free coins" are the airdrops I read about?