[LTCD] LitecoinDark.com ★ Scrypt ★ Difficulty Shield ★ Multipool ★ Fast - page 101.

darylluke

full member

Activity: 196

Merit: 100

Quote from: chicken65 on October 12, 2014, 12:48:07 AM

Quote from: bitwarrior on October 11, 2014, 06:32:33 PM

Quote from: willpv2 on October 11, 2014, 03:45:01 PM

basically halving involves miners getting only half the coins they used to get per block. with less "new" coins available the price per coin is expected to rise quite a bit as fewer new coins are added.

with this coin that is topped more because of the major release scheduled for the 18th which is HUGE.

Can you tell us more about this "HUGE" release you were referring to? Is this has been shared by the coin dev?
If the coin has a good demand and it is being used and adopted on the market, it will likely increased its value once the number of rewards per block has been reduced.
There is a great balance about rewards and getting the value of that for the miners, or they will just move on to the next coin.
But if the demand is only based on speculation and hype and nothing more that can substantiate it, well this coin is on a life support already and whats keeping it alive is what can be seen right now.

+1
Although I can see the coin rising to 20 today

Do you mean 2000? Why today?thnx.

chicken65

hero member

Activity: 770

Merit: 506

Quote from: bitwarrior on October 11, 2014, 06:32:33 PM

Quote from: willpv2 on October 11, 2014, 03:45:01 PM

basically halving involves miners getting only half the coins they used to get per block. with less "new" coins available the price per coin is expected to rise quite a bit as fewer new coins are added.

with this coin that is topped more because of the major release scheduled for the 18th which is HUGE.

Can you tell us more about this "HUGE" release you were referring to? Is this has been shared by the coin dev?
If the coin has a good demand and it is being used and adopted on the market, it will likely increased its value once the number of rewards per block has been reduced.
There is a great balance about rewards and getting the value of that for the miners, or they will just move on to the next coin.
But if the demand is only based on speculation and hype and nothing more that can substantiate it, well this coin is on a life support already and whats keeping it alive is what can be seen right now.

+1
Although I can see the coin rising to 20 today

GailSan

full member

Activity: 140

Merit: 100

Thanks to those who answered my question about halving Cool

I have picked up some of the coins and now I will hold and see how
it goes until the 18th.

Nthused

legendary

Activity: 1554

Merit: 1001

I PM'd the Dev about the next update & he said it will be released very soon (as it's currently being built) along with Linux & Mac QT's

bitwarrior

legendary

Activity: 1764

Merit: 1000

Quote from: willpv2 on October 11, 2014, 03:45:01 PM

basically halving involves miners getting only half the coins they used to get per block. with less "new" coins available the price per coin is expected to rise quite a bit as fewer new coins are added.

with this coin that is topped more because of the major release scheduled for the 18th which is HUGE.

Can you tell us more about this "HUGE" release you were referring to? Is this has been shared by the coin dev?
If the coin has a good demand and it is being used and adopted on the market, it will likely increased its value once the number of rewards per block has been reduced.
There is a great balance about rewards and getting the value of that for the miners, or they will just move on to the next coin.
But if the demand is only based on speculation and hype and nothing more that can substantiate it, well this coin is on a life support already and whats keeping it alive is what can be seen right now.

KMN

full member

Activity: 210

Merit: 100

LTCD IS A BLUE CHIP COIN Grin

voodoo1967

member

Activity: 98

Merit: 10

Litecoindark Reddit Moderator

Quote from: Cryptofi$h on October 11, 2014, 04:38:41 PM

Quote from: voodoo1967 on October 11, 2014, 04:10:44 PM

hockey tonite boys and girls nice Grin

Go Canucks Go!

on the west coast are we lol Ontario here lol Leafs Ottawa and Montreal who to cheer for lol

Cryptofi$h

sr. member

Activity: 331

Merit: 252

Quote from: voodoo1967 on October 11, 2014, 04:10:44 PM

hockey tonite boys and girls nice Grin

Go Canucks Go!

voodoo1967

member

Activity: 98

Merit: 10

Litecoindark Reddit Moderator

hockey tonite boys and girls nice Grin

jahl

sr. member

Activity: 448

Merit: 250

Quote from: voodoo1967 on October 11, 2014, 03:23:34 PM

flyl me to the moon ooops sorry just thinking out loud lol Grin

you're just sayign wht everyone else thinks/wants

willpv2

full member

Activity: 130

Merit: 100

Always trying to learn more.

basically halving involves miners getting only half the coins they used to get per block. with less "new" coins available the price per coin is expected to rise quite a bit as fewer new coins are added.

with this coin that is topped more because of the major release scheduled for the 18th which is HUGE.

voodoo1967

member

Activity: 98

Merit: 10

Litecoindark Reddit Moderator

flyl me to the moon ooops sorry just thinking out loud lol Grin

acs267

hero member

Activity: 644

Merit: 500

Quote from: chicken65 on October 11, 2014, 03:00:51 PM

Meaning to mine them becomes harder?
It would make sense if there are to many coins around.

I'm pretty sure mining becomes harder depending on difficulty. Halving means to divide the current block reward in half and that becomes the new block reward. Such as, if it was at 12, it'd halve down to 6.
Decreasing the block value to 24LTCD means that you get a lower block reward than you used to, meaning that essentially the demand goes up due to the block reward, or, let's just say supply goes down lower per block.
To be honest, I'm not too keen on Difficulty but I'm pretty sure it's when finding a block grows harder and this depends heavenly on the difficulty re-target or the algorithm of the difficulty. This is much more different than the coin's algorithm, since, it just controls the difficulty and things pertaining to it. One of the popular difficulty algorithms is KGW, but there's also other ones, for example, XPM/Primecoin's.

Quote from: koralon on October 11, 2014, 03:09:37 PM

Quote from: TrollByFire on October 11, 2014, 02:58:34 PM

Quote from: GailSan on October 11, 2014, 02:53:58 PM

Why is halving a good thing for the price.
Can someone tell me?

I'm not a market guru, just a lowly developer, but generally speaking at a halving increased coin supply diminishes with respect to demand pushing the price upward.

Is there any coin whose price has actually went up after halving?

Most of the well-known ones have. Or ones with fairly good communities. The biggest example is Bitcoin, of course, possibly even Doge and others.

jahl

sr. member

Activity: 448

Merit: 250

me personally i'm only expecting a rise in price when getting neat features released, which i'm sure we'll get.
So i'm not focusing on price and just bagholding.

koralon

full member

Activity: 185

Merit: 100

Quote from: TrollByFire on October 11, 2014, 02:58:34 PM

Quote from: GailSan on October 11, 2014, 02:53:58 PM

Why is halving a good thing for the price.
Can someone tell me?

I'm not a market guru, just a lowly developer, but generally speaking at a halving increased coin supply diminishes with respect to demand pushing the price upward.

Is there any coin whose price has actually went up after halving?

voodoo1967

member

Activity: 98

Merit: 10

Litecoindark Reddit Moderator

well the less coins coming out the harder to mine so you should want more for them and not give them away at a low price when there was a lot more available mining. supply and demand . Demand as been really high just a few days ago it was like 10 buys for every sell and someone was able to keep the market low by dumping some coins below the asking price so they could buy cheap and load up. We already seen a 4 plus btc sell wall eaten up today at 1500

chicken65

hero member

Activity: 770

Merit: 506

Meaning to mine them becomes harder?
It would make sense if there are to many coins around.

TrollByFire

full member

Activity: 168

Merit: 100

Quote from: GailSan on October 11, 2014, 02:53:58 PM

Why is halving a good thing for the price.
Can someone tell me?

I'm not a market guru, just a lowly developer, but generally speaking at a halving increased coin supply diminishes with respect to demand pushing the price upward.

GailSan

full member

Activity: 140

Merit: 100

Quote from: acs267 on October 11, 2014, 09:40:04 AM

Quote from: Hamuki on October 11, 2014, 09:26:04 AM

BUY BUY BUY! xD

I guess some of us were lucky for buying in at 989 Sats.

Quote from: gavrilo77 on October 11, 2014, 09:34:48 AM

These people who wants to sell cheap are stupid or what???

I guess so. I mean, quite seriously with a very serious face, why would you sell so cheap before it halves? Seriously? Do they not think they could get more possibly tomorrow or tonight depending on their timezone? We already saw how BTCD exploded, so, da fuke is going on with them?

Quote from: ifightformerkel on October 11, 2014, 09:35:06 AM

http://www.fortresscrypto.com/news/breaking-news-litecoindark-ltcd-hard-fork/

Wallet 1.2.2 will be Released Tonight US time: BLOCK REWARD REDUCED from 400 to less than 24

WTF

Well, if it does get decreased to 24 LTCD, that's even better for the value and I'm not going to lie.

Why is halving a good thing for the price.
Can someone tell me?

voodoo1967

member

Activity: 98

Merit: 10

Litecoindark Reddit Moderator

hell we need a ticker here to monitor the price and news we could go like cnn back to you at the desk. Heck we have reporters form around the world lol Grin

Topic: [LTCD] LitecoinDark.com ★ Scrypt ★ Difficulty Shield ★ Multipool ★ Fast - page 101. (Read 368563 times)