Bitcoin Forum

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?

2015 will be exciting  ;D

bump

hi,
any price speculation ?

Has it already had a block reward halving?

Nope halving occurs every 4 years roughly

at what block?

I was going to answer, but then realized you necroed a thread months old to ask a question that takes 4 seconds to answer for yourself looking in the source

yeah spotty, that's pretty much the most useless comment i have been reading this whole week

depends on if people still view ltc as the silver to btc's gold.  If so then I could see it going up in price for sure. I mean after all you make half for the same amount of effort

Might make the price go up maybe. PoW, I don't screw around with anymore. I'm only keeping my eye on PoS coins now.

Thought litecoin was finished
What's the general feeling around what the halving will bring?

litecoins fate depends entirely on bitcoin.

litecoin is finished according to this altcoin section which might be a good thing as week on week its becoming a grubbier place to visit. Anyone with any real interest in any of the latest coins needs to be aware in a few months the altcoin section will have moved on calling your coin dead too.

As for the halving not sure what that will bring hopefully not an empty pump and dump, a couple of dollars rise a year along with a steady increase in adoption would be far better.

7 months, 14 days, 10 hours...

I started to mine litecoin late, in april 2013, with 4 brand new HD7970@1055/1500 and 750 kh. I damned LTC inside me when he dived slowly to 2 then 1.70 $,
After an april 4,50 $ pike, my Litecoins began to sink, very slowly untill october and 1.70 $, LTC haters triumphed on BTC-e trollbox but... for the reasons you know (2nd crypto, faster, identified "father", Mineable and at first, when i was very naïve: ASIC resistant), i kept some.
400 ltc... worthless, dying... and then the big, the grreat rise came my men, ooh yeah.... a  Gr... my preciouses even reached 10 $ ! (what i expected: 6-10, what i dreamed: 20-30, and if i had to definitively stop netherlands stamppot: 50-100 $).

This end of 2013 (Nov. 18th), the LTC worth 0.0075 BTC and climbed to 0.5
After the 48$ ejaculation, and the 42 double cheese, the long nightmare started.
35... 21...13.. and nowaday 1.60$.
the worthless, dying LTC worth 0.0061 BTC.
I know maybe i should not, but it was to strong for me... i bought LTC again..."WHAT YOU SAY ?", "Yes, i'm deeply sorry for my credit here, but 1.60 and 0.006 was so cheap regarding
the halving which should happen in late days of august 2015... with a is still huge network despite this long downtrend.


After this impulsive buy, i feel better, calm, i dont really need to hang on bitcoinwisdom orbs anyway. ;D

Countdown that litecoin to die ;D ;D

LTC has a solid history of big rallies after things look really dark. Anyone who buys now will be way ahead at some point in the future.

You going to dump your load in 7 months, 14 days and 10 hours if the halving pushes the value to $2.50 per ltc?

Bump - you know it makes sense  :D

Some bitcoin fans wish LTC to die, imo because they see it as a threat. I think BTC and LTC can perfectly exist both. Some will prefer BTC, others will prefer LTC. Reason why LTC value is somewhat connected to BTC is because BTC was the first crypto that got worldwide attention when it hit the $1000,-- line. LTC came later and therefore is compared  to BTC by people from the start, that's a common effect you see everywhere in the market.
LTC has a huge community, so it will stay alive. LTC and BTC value are low at this moment. The main target for all us crypto fanatics is to get crypto largely adopted in the world, that's in benefit for LTC and BTC.

Bitcoin is Gavincoin soon and it will be inaccessible for every day people. Bitcoin fears and hates all altcoins.

Litecoin has a bright future. Everyday people will use altcoins like Litecoin, Dogecoin and others. Not Bitcoin.

Great link.

40 days

What controls the halving block reward , is it changed from Bitcoin source code ? because if it's not then how come Litecoin halving is before bitcoin halving while Bitcoin was created before Litecoin  ??? #confused

I don't think this block reward halving matters anymore.
Most people already left this coin after the huge crash from 0.03.

Bitcoin had its first halving in nov 2012 the price 2 weeks before was $10 per btc, 5 months after the halving it was $150. 

https://bitcoinmagazine.com/2842/block-reward-halving-a-guide/

Bitcoin loves its children, nieces, and nephews.  Even the prodigal, black sheep scamcoins.   :D

The altcoin hate/fear comes from the Monotheist Monopolist Maximalist Supremacists.

We Minimal Maximalists welcome a vibrant ecosystem of other coins, all trading under the watchful eye of the Holy Mother of All Blockchains.

I love Bitcoin, but I feel like it will be the 'MySpace' of coins. One day the 'Facebook' of coins will overtake it, and continue it.
But that's just my 2 satoshi...

Now only 5 days are left for the event, i guess everyone hopes litecoin price will increase at an alarming rate in thses days but i doubt it will happen..
http://www.litecoinblockhalf.com/

I think we will de the effect after the halving this time due to a reduced number of ltc being traded directly towards bitcoin.

I dont know why but i always get a feeling that litecoin is also invented by satoshi ..so that if something fails here then the backup plan is ready .. ;D

So Charles Lee is Satoshi?

It's impossible to understand the LTC hate.

Most coins and platforms are complicated shit nobody needs or wants...
Where the primary purpose is to transfer wealth from idiots to scammers ("Devs").

But day after day...
The basic LTC wallet does what it's meant to do = BE MONEY...
Sent through 1000s of Money Transmitters at the liquidity level of $5 million/day.

Today's exchange volume:

BTC 75%
LTC 10%
ETH 5%

Bitcoin's days at #1 are numbered.

100% agree.

if members of this forum want a crypto to succeed (not just here to make quick fiat) why not back the one thats consistantly on top of the alts (and remains so without all hype). one of the few with a known dev and not a scam.

who knows other than lee or the NSA
that was my opinion though .

75% in this market with 1000 of alts is still huge.. All these alts, apart from a couple like LTC, ETH and doge have not managed to snoop away more than 25% of all crypto volume. Not bad I would say.

The halving is too closely related to the China financial crash to be coincidental.

i wonder what will happen to litecoin if the halving dosent affects the price , i mean there is no choice left for any mining companies if the profits are lowered by half and the consumption is the same.

i am waiting to see a reverse trend from litecoin still

If you a trader which one makes you money?
https://i.imgur.com/ee9OgvD.png

or another view
https://i.imgur.com/xaPEgzA.png

No, I'm saying no such thing. That would be stupid.

Obviously, Litecoin halving has scared the markets and caused the crash.

Its not complicated people. Honestly  ::)

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..

It seems that Litecoin block reward halving comes together with the Litecoin price halving.
Litecoin keeps dropping when future supply is much lesser.

https://encrypted-tbn3.gstatic.com/images?q=tbn:ANd9GcQ9mmUIF2450P2yOW50K3eOhK6S0m32uzGtBhOB4842LhCrx2N1ug
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.

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?

Oh dear, I thought it would be on the up in the opposite direction, hmmm

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.

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.

Same here, but I'm willing to give it some time to see how things play out.

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!

Like now, I'm halving my money  :'(

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.  ;)  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.

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

i wish we could go back to previous when some coins were very cheap

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.

what an old post is there another halving in the nearest future

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