Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Litecoin Forum => Other Popular Cryptos / Coins => Litecoin News & Updates => Topic started by: cheezcarls on December 03, 2019, 06:52:53 PM
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Twitter user WhiteRabbit (@WhiteRabbitBTC) has made the bold assertion that Litecoin was going to eventually drop “to zero.” To support the claim, WhiteRabbit showed the last 6 months of hash-rate data and referenced the idea that Litecoin shows no price movements in connection to its scarcity.
The statement comes in the form of a sarcastic thank you to Litecoin users everywhere, claiming that their coin has helped Bitcoin by proving that the stock-to-flow (S2F) model doesn’t apply to “shitcoins.” This is a reference to views held by another user, PlanB (@100trillionUSD), who has been vocal about the fact that Bitcoin follows the S2F model, but most other coins do not.
Source link here (https://beincrypto.com/litecoin-headed-to-zero-based-on-stock-to-flow-model-predicts-analyst/?utm_campaign=amba&utm_medium=social&utm_source=altcoinstalks&utm_content=jc)
Look guys! I know there's a common term here called "Everyone is entitled to their opinion", right?
But WTF? Did this idiot really think that Litecoin is really heading towards zero? I just don't know if Charlie Lee's aware of WhiteRabbit's tweet? Hmmm.....