Litecoin is one of the earliest forks of Bitcoin, which is going to go through its second halving process, wherein the Litecoin halving date is scheduled for August 6, 2019. Litecoin Halving event happens after 840,000 LTC blocks are mined and the miner rewards are cut into half. In order to understand a particular set of things that dictate how much of Litecoin would be released, and how and when the supply is reduced overtime, leading to a phase where no new Litecoins will be released. What is Litecoin Halving?Just like Bitcoin, Litecoin goes through the halving method every 4 years after 840,000 LTC blocks are mined and the miner reward gets halved or becomes 50% lesser than before. This time is the second time this event is taking place, and the miner reward will decrease from 25 LTC to 12.5 LTC at the respective time it’s happening. Litecoin Halving Date History Explained With Effect on PriceLitecoin Halving in 2015Back in 2015 on August 26th, the first LTC halving process took place since its inception in October 2011. At that time, the block reward dropped from 50 LTC to 25 LTC. After 48 days of the halving, Litecoin skyrocketed by over 500%. Litecoin had their block reward high for several months post the event. Some of the investors after speculation made good money on this particular event. Upcoming Litecoin Halving in 2019
Litecoin is going to undergo the halving process in August 2019, which is just a couple of months away. As we know, a decrease in supply leads to high price, hence many investors will price in the block reward event predicting that its supply might fall in the future. Some miners might exit the market when they realize their computing power can’t compete with others. When they exit, the difficulty decreases and price tends to decline. Impact of Litecoin Halving 2019At present, the miners mine one LTC every 2.5 minutes and receive 25 LTC as a block reward, which is going to get halved in another two months. Some of the factors which would get affected are the miners, the users and the price by default. A breakeven cost is when the miner’s profitability can cover only his own cost. So, when Litecoin’s price falls below the breakeven point, the miner is bound to suffer losses. (LTC Halving 2019) #1 Impact on Price (Litecoin Halving Price Prediction)Whenever new coins are generated by mining, it tends to have that selling pressure as the miners need to cash out to pay salaries and electricity bills. So, the price of Litecoin can go down if there’s not enough demand. When the reward is halved, the selling pressure will be lesser, so if the demand doesn’t change, the probability of the price falling will be lower. Even the inflation rate reduces drastically after halving, hence the impact on pricing. #2 Impact on MinersWhen the computational power increases, the miners would find it difficult to compete and eventually exit. Similar kind of mining adjustment problem happened last time Litecoin underwent halving. Even the mining pool owners get affected by this. When LTC has high value, the pool owners and the retail investors scramble to buy the machine and vice versa. Moreover the halving would cause the profitability of Litecoin mining smaller and the time for profit more uncertain. #3 Impact on Fees/UsabilityThe halving would by default, have an effect on the fees or usability and the common things generally worried about is delay in transactions and unfavorable fee recommendations. This is the Litecoin halving countdown box, where you can track the Litecoin halving date and time here. LTC Halving Content Source : https://coinswitch.co/news
|
|
|
|
I think we can compare Binance with google or even with amazon, someone has to drive the industry for sure, innovation and adaption should come, and CZ is a driver of both. With regards to delisting a coin, I do no think anyone has any power to kill a blockchain just by delisting them. The BSV founding team themselves are digging a grave for themselves. Also with price BSV price is still performing well even after delisting. |
|
|
|
|
I think Justin has taken a very smart move, he is trying to lure investors and trying to create his image in the traditional finance industry by going on dinner with one of the core pioneers of traditional finance domain.
This way people have more trust on him, his brand image will change and you never know one more way of pumping the coin.
|
|
|
|
Every four years after mining of 210,000 blocks, the Bitcoin halving event takes place, wherein the number of BTC generated rewards to the miners will be halved, i.e, divide the current one by 2, which basically will reduce from 12.5 to 6.25 BTC. Bitcoin halvings which have happened before always displayed far-reaching heights, hence the same is expected of the upcoming one. To put it simply, the miners add new blocks of information to a database known as “public ledger”, wherein they get rewarded for their efforts to maintain and monitor the network of transactions. The miners would rely on fees as the BTC block reward decreases, as that helps them with the incentive for verification of transactions. The miners are the ones who would get mostly affected by Bitcoin halving event. What is Bitcoin Halving?Bitcoin Halving is the phenomenon by which the miner reward keep on halving, or decrease by 50% after every four years, which happens after mining 210,000 blocks. Satoshi, the creator of Bitcoin wanted to create a system that would be self-sustaining, similar to gold mining. So, in order to control supply, he came up with the method of Bitcoin halving. Previous Bitcoin Halving Explained With Its Effect On Price:BTC Halving in 2012 On November 28, 2012, on the production of 210,001 blocks, the mining rewards dipped from 50 BTC to 25 BTC. After a year or so, the Bitcoin price smashed to 1000 USD. As the market is ready and knows beforehand about the event, the impact on price is bound to be negligible, and hence will start applying the reduction rate to the price gradually. BTC Halving in 2016On July 9, 2016, the second Bitcoin halving took place, with an all-time surge of around $19,000, which reached 20,000 USD by December 2017. Before the 2016 halving, the BTC price fell as low as 200 dollars per coin and the mining reward dipped from 25 BTC to 12.5 BTC. But right after the halving took price, the price started rising exponentially. Upcoming BTC Halving in 20202020 is most likely to see a similar change for the Bitcoin price, where the miner fee is going to be halved from 12.5 to 6.25. It is going to take place on May 27th, 2020. The crypto enthusiasts have participated on twitter saying they believe that the Bitcoin price will be skyrocketing during the BTC halving stage. To be precise, 61% of 2500 accounts believe that the price will soar from now until the halving, while 25% believe that the price increases will come after the halving. What will be the impact on BitCoin Halving in 2020? |
|
|
|
|
Can anyone here explain me what is an orphan blog? Thanks.
|
|
|
|
|
Thanks for giving this info about Park Wallet, I am from CoinSwitch exchange, thanks for using our service in the inbuilt exchange integration.
|
|
|
|
It totally depends on what do you want to know or read about. If you want to know about the latest news then go to - 1.Cointelegraph 2.AMB CRYPTO 3. ccn.com If you want to have more information about bitcoin, and actually read out the basics of it then go to this best resources - https://lopp.net/bitcoin.htmlYou can also check out binance informative section. |
|
|
|
|
I always advice my friends and colleagues, to understand cryptocurrencies, to learn about this technology which is disrupting the world, and to invest some money also into it. But our job as experienced folks in crypto (Even if it is a little experience) is to educate newbie guys to about the risk of investing and also about the volatile nature of market.
Now talking about the time to enter bitcoin, I think yes it is the right time. If only you are planning to hold BTC for longer run, if you are planning to enter into trade than enter from stable currencies like USDT/DAI etc. Trade them and try to earn some small profit every day. Learn crypto trading from small amount first, later you can switch to longer trades.
|
|
|
|
|
Anyone here who can throw some light on difference between proof of work and delayed proof of work. Thanks.
|
|
|
|
USDT is a very popular stable coin, and many crypto customers including me convert my cryptos in USDT quite own. USDT or Tether was earlier launched on Omni layer protocol, and it moved to Ethereum blockchain i.e it is now an ERC20 tokent , so any of the wallets like my ether wallet or freewallet, guarda wallet, ledger Nano hardware etc. support USDT Token. Here is the link you can refer to read about USDT wallets - https://coinswitch.co/news/top-6-best-tether-wallets-ios-and-android-2019-updated-usdt-wallets |
|
|
|
|
Chasing someone else's dream is because I have lost funds, I think there are many more reasons, analysing cryptocurrency with technical analysis requires the project to be live for a significant amount of time. Sentiments play a very pivotal role in the prices. Catching up with latest announcements, and understanding the sentiment of market decides the price of a coin up to some extent.
I have learnt this lesson the hard way - do not invest the money which you can't afford to loose.
|
|
|
|
Hi everyone!
What do you not like about crypto exchanges? What do you think exchanges could do better?
Curious as to what you guys think!
Too much terms about verification process is the one that really annoys me. I understand that they are complying with the government terms but sometimes it's way too much e.g you submit documents but still failed although the output is clear and easy to view. And another one of course, like anyone's concern, the way they handle their support. From better at first to worst and worst and worst. For now, that's my concern. In cryptocurrency exchanges I do not like it that most of the coins are dominated and manipulated by wealthy investors, which makes the market non-transparent and makes many new investors. do not want to participate in this market.
Well that's a common thing so no choice but to deal with that. There are many points over which you seem to be concerned - 1.KYC issue 2.Support Please check out the exchange mentioned below where I work, You can trade 400+ coins without KYC or Login/without creating an account, you can compare the prices offered by leading exchanges and trade, we are a non custodial exchange wherein we do not store anyone's funds, you send from your wallet and receive back into your wallet. I am not shilling about my exchange where I work, I know that the honesty and transparency by which we deliver support and service to our customers. Let me know if you have any queries. Check out https://coinswitch.co exchange  |
|
|
|
You should probably move this to Marketplace -> Service discussion. Some manufacturers use distributors, some sell the products themselves. Here is a thread for BTC miners, it links to where you can buy products, and covers their base model specs. Everything else really depends on where you are located. Thanks for replying, I have moved the topic to service discussion, also I will check the BTC Miners link that you have provided. |
|
|
|
I live in India, and the state of cryptocurrency is really very poor here. Many prominent crypto exchanges like ZEBPAY has shut down here a year back, the reserve bank of India has made it very difficult for the buyers and sellers like me to trade in cryptos. Here is an article from today morning which I was reading about cryptos - https://economictimes.indiatimes.com/news/economy/policy/government-department-discuss-draft-bill-to-ban-cryptocurrencies/articleshow/69048480.cmsI think even if some countries are in favour of it and are growing the economy fast, in India and many such countries the state of crypto is really bad and banks governments and the whole economic system is against cryptos. the road ahead is very tough man. |
|
|
|
|
Show Posts
