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RE: Crypto Hedge Fund Says "Short Litecoin"
This is the sort of news that comes out when a bottom is close... I think its too late to call something overvalued as Litecoin has come down from almost $400 to $50. While they have considered real factors that can impact Litecoin, the same can be said about many other cryptocurrencies. However, I think Litecoin is one of the fee that have a well distributed community of developers (and foundation) that are actively seeking ways to improve adoption. I still visualize Litecoin as a better asset to use for exchange/payments that bitcoin and its still cheaper. However, if we get increased transactions in BTC like we recently saw in ETH, Litecoin will still be better.
Only if bitcoin stays in its current form. However, that likely will not be the case. At some point in the future, bitcoin will still be a very good store of value, plus it will be used for payments with upgrades such as the lightning network. Not sure where litecoin fits in that world. If you are a one trick pony, like is the case with litecoin, you better be the best and litecoin isn't anywhere near the best now that smart contracts are around.