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Topic: Countdown to Litecoin Block Reward Halving (Read 12378 times)

member
Activity: 406
Merit: 14
March 21, 2020, 09:35:38 AM
#63
Litecoin halving is not the only upcoming halving this year, few other popular altcoins will halve this year after Bitcoin halving in May, LTC price will definitely bring a difference after the halving is over but won't be on same level with the hype surrounding btc halving
full member
Activity: 336
Merit: 102
Get Ready to Make money.
what an old post is there another halving in the nearest future
member
Activity: 840
Merit: 17
PG-PAY Gold Backed Token
There's only about 1 year, 2 months, and 25 days till the first Litecoin block reward halving: http://cryptocoinstats.com/supplytracker.php?s=tt

What's going to happen to the price?

I am also curious to know what will be the impact on the ltc price. As of now I read some article which is very negative about the halving event.
member
Activity: 117
Merit: 63
i wish we could go back to previous when some coins were very cheap
legendary
Activity: 2156
Merit: 1151
Nil Satis Nisi Optimum
it is new halving now, four years ago it was expected that halving will bring price to 4USD, now 100USD hurdle shall be jumped over with this halving, it is expected in 13 hours and we will see will that happen

BTC will halve in almost a year, 287 days is estimation to be precise, and these ten months should bring bull market, what do you think
legendary
Activity: 2408
Merit: 1102
Leading Crypto Sports Betting & Casino Platform
The hashrate is going down as expected, -10% already.

Less mining for instant-sell purpose means less sell pressure from miners, am I right?

sell pressure from mining is at least halved anyway.  Wink  interesting will be the change in hash rate distribution  https://www.litecoinpool.org/pools

I expect the price to go up just enough to support 35gh or so so i'm thinking $4/ltc   all the older hardware like Zeus , Gridseed are bascially dead.  A2 and Alchemist hanging by a thread.
hero member
Activity: 681
Merit: 507
The hashrate is going down as expected, -10% already.

Less mining for instant-sell purpose means less sell pressure from miners, am I right?

sell pressure from mining is at least halved anyway.  Wink  interesting will be the change in hash rate distribution  https://www.litecoinpool.org/pools
legendary
Activity: 1344
Merit: 1001
The hashrate is going down as expected, -10% already.

Less mining for instant-sell purpose means less sell pressure from miners, am I right?
hero member
Activity: 681
Merit: 507
The hashrate is going down as expected, -10% already.
legendary
Activity: 1680
Merit: 1205
Like now, I'm halving my money  Cry
newbie
Activity: 39
Merit: 0
Obviously, Litecoin halving has scared the markets and caused the crash.
Its not complicated people. Honestly  Roll Eyes
I don't agree! Normally the diminished supply will drive up the price! But IMO financial market and Bitcoin  crash may cause people panic selling! I know the true investors may look it as a good opportunity to buy up them!
full member
Activity: 223
Merit: 100
Oh dear, I thought it would be on the up in the opposite direction, hmmm

Same here, but I'm willing to give it some time to see how things play out.
hero member
Activity: 835
Merit: 1000
There is NO Freedom without Privacy
Neither of us can prove anything but i STRONGLY suspect LTC is rising because its halving is so close. Diminished supply = Increased price. It's simple economics.
The supply isn't shrinking, and all the coins mined still exist. Only thing that diminished is the NEW supply. And simple economics is supply and demand, there needs to be demand for LTC for the price to rise.

I don't know what will happen,but the halving alone isn't going to be enough to drive litcoin prices there needs to be demand.  hopefully demand for all cryptos increases but for that we need more people to use crypto everyday for more than mining and trading.
hero member
Activity: 1005
Merit: 500
Neither of us can prove anything but i STRONGLY suspect LTC is rising because its halving is so close. Diminished supply = Increased price. It's simple economics.
hero member
Activity: 835
Merit: 1000
There is NO Freedom without Privacy
It seems that Litecoin block reward halving comes together with the Litecoin price halving.
Litecoin keeps dropping when future supply is much lesser.
New supply is "much lesser", but overall supply is growing every block. People were talking about the block halving in January, think about all the newly minted LTC since Jan.

Halving doesn't equal lower supply. However it will be interesting to see what happens to the mining hashrate with lower rewards at these prices. Halving for LTC had really bad timing.
legendary
Activity: 1848
Merit: 1000
Oh dear, I thought it would be on the up in the opposite direction, hmmm
hero member
Activity: 681
Merit: 507
I am more curious to see what will happen to the hashrate than to the price.

How much will the hashrate drop? And to which crypto it will move?
legendary
Activity: 966
Merit: 1001
Energy is Wealth

Gold and Silver have been valuable for thousands of years, where is the "innovation"?
In fact the reason PM have been valuable for so long is the fact They cant be doctored with.
XT does a lot of damage to crypto.
legendary
Activity: 1344
Merit: 1000
It seems that Litecoin block reward halving comes together with the Litecoin price halving.
Litecoin keeps dropping when future supply is much lesser.
legendary
Activity: 1946
Merit: 1007


The same goes for all the other so called innovative coins... Mostly they ate just gimmicks to lure people in with poor implementation or yet to be released features..
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