Re: How to prepare for the upcoming Litecoin hard fork: Litecoin Cash?

I fear for Litecoin's price after the date of the hard fork which is around the end of February...? I think it could crash well below the price before all this Lcash craziness took place due to panic.

Personal disclosure: Holding Litecoin (long term). Sad

Litecoin wont have any forks,as the founder of LTC already announced that these so called LTC forks are just scams,most of the people should know that these projects are unofficial or the official team isnt involved,clearly scammers that want to use LTC's name to scam most of the people.

You are aware how Litecoin started? As a fork of bitcoin. It is all open source and if someone wants to start his own crypto - they can do that. This is why we have literally hundreds of different altcoins out there. But until recently people had the decency to use different names for their alts. The name part - calling some altcoin bitcoin cash or litecoin cash, just to lure people into thinking it is somehow related - that part I am very strongly against

Thank you for educating me about altcoins. It was very enlightening. But the question still remains, and I'm gonna rephrase it basing on your post.

Since Bitcoin Cash aka Bcash and Litecoin Cash are, according to you, luring people into thinking that they are somehow related, then are the both of them scams?

Scams is too strong a word. But what they are attempting to do - picture themselves as the "real thing", while in fact being a minority chain split - this I am very strongly opposed to. Some organizations behind the "cash" fork go even farther, insisting on calling the old blockchain with "legacy" postfix and dropping the "cash" postfix from their name. Isn't it an attempt to impersonate?