Confession time: When the price of Bitcoin Cash went bananas last week, I was more concerned about the Litecoin that I was holding than my Bitcoin. I feel like Bitcoin is safe for now as a storage of value, while Litecoin is in more direct competition with Bitcoin Cash as a means of payment or “coffeecoin”.
But should litecoin investors be concerned about the rise of Bitcoin Cash, or is this just one big pump and dump? Which currency will ultimately be used to purchase our morning coffees? Or can both of them co-exist together?
Let’s discuss!
DISCLAIMER: This is NOT financial advice. I am just offering my opinions. I am not responsible for any investment decisions that you choose to make.
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