newb1 (OP)
Newbie
 Offline
Activity: 3
Merit: 0
|
 |
August 01, 2015, 09:29:58 PM |
|
I have been curious to see how others might respond to some questions about the Litecoin halvening and about the valuation of Litecoin, so I created LitecoinLearner's first survey! Check it out and submit your responses at: http://www.litecoinlearner.com/poll.aspFeedback welcome @ LTCLearner@gmail.comBest Wishes, Newb1 |
|
|
|
|
|
|
|
|
|
There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
Sir Alpha_goy
|
|
August 02, 2015, 01:35:06 PM
Last edit: December 12, 2015, 04:36:06 PM by Sir Alpha_goy |
|
.
|
|
|
|
|
|
Ingatqhvq
|
|
August 02, 2015, 02:31:57 PM |
|
People were mining for $1.50 - $2.00 a coin.
After the reward halves the price only needs to double to maintain the miners.
I don't think the price will double as no new comers. |
|
|
|
|
|
nickhiggins123
|
|
August 02, 2015, 03:04:38 PM |
|
People were mining for $1.50 - $2.00 a coin.
After the reward halves the price only needs to double to maintain the miners.
So then, BTC should double every halving. |
|
|
|
|
|
NattyLiteCoin
|
|
August 02, 2015, 04:36:44 PM |
|
People were mining for $1.50 - $2.00 a coin.
After the reward halves the price only needs to double to maintain the miners.
Fuck it, I'll just double the amount of Titans I have. Makes complete sense, right? |
|
|
|
|
Nas
|
|
August 02, 2015, 04:54:05 PM |
|
I expect price to go up before halving. Not sure about after that though.
|
|
|
|
|
|
Sir Alpha_goy
|
|
August 03, 2015, 12:48:03 AM
Last edit: December 12, 2015, 04:38:12 PM by Sir Alpha_goy |
|
.
|
|
|
|
|
|
Sir Alpha_goy
|
|
August 03, 2015, 12:59:32 AM
Last edit: December 12, 2015, 04:37:54 PM by Sir Alpha_goy |
|
.
|
|
|
|
|
|
swansong
|
|
August 03, 2015, 11:06:44 AM |
|
Litecoin will hit $15 or $20 just before the halving. that is my prediction. and i am no newbie. I've seen a lot of crazy things like Aurora Coin pumped to $100 in 2 -3 days. So $15 - $20 for Litecoin is absolutely doable.
|
|
|
|
|
Snail2
Legendary
Offline
Activity: 1512
Merit: 1000
|
|
August 03, 2015, 12:12:10 PM |
|
Litecoin will hit $15 or $20 just before the halving. that is my prediction. and i am no newbie. I've seen a lot of crazy things like Aurora Coin pumped to $100 in 2 -3 days. So $15 - $20 for Litecoin is absolutely doable.
To keep LTC between $15-20 buyers should keep pouring 400-600K USD into LTC every day, just for maintaining the price. After the halving such a pump would be much cheaper, so the profit would be much higher. |
|
|
|
|
kelsey
Legendary
Offline
Activity: 1876
Merit: 1000
|
|
August 03, 2015, 12:25:01 PM |
|
Litecoin will hit $15 or $20 just before the halving. that is my prediction. and i am no newbie. I've seen a lot of crazy things like Aurora Coin pumped to $100 in 2 -3 days. So $15 - $20 for Litecoin is absolutely doable.
To keep LTC between $15-20 buyers should keep pouring 400-600K USD into LTC every day, just for maintaining the price. After the halving such a pump would be much cheaper, so the profit would be much higher. why? thats assuming every coin mined is immediatley sold. |
|
|
|
|
Mountain Jew
Member
Offline
Activity: 60
Merit: 10
|
|
August 03, 2015, 12:34:20 PM |
|
Litecoin will hit $15 or $20 just before the halving. that is my prediction. and i am no newbie. I've seen a lot of crazy things like Aurora Coin pumped to $100 in 2 -3 days. So $15 - $20 for Litecoin is absolutely doable.
Nah, doubt it. There's not enough demand for ltc in my opinion, though I think the price will move upo but it will mostly be psychological as people anticipate it shooting up in price so buy more and it'll have a knock on effect. |
|
|
|
|
Snail2
Legendary
Offline
Activity: 1512
Merit: 1000
|
|
August 03, 2015, 01:12:15 PM |
|
why? thats assuming every coin mined is immediatley sold.
Indeed. But this is the "worst case" scenario. You are right, maybe some of the big(ish) miners who don't need to cash out immediately will hold their coins, perhaps a lot of smaller miners who want to wait for the halving will hold too, but I think $15-20 per coin would be more than enough temptation for the majority to cash out. |
|
|
|
|
|
lazi
|
|
August 03, 2015, 01:14:19 PM |
|
Litecoin will hit $15 or $20 just before the halving. that is my prediction. and i am no newbie. I've seen a lot of crazy things like Aurora Coin pumped to $100 in 2 -3 days. So $15 - $20 for Litecoin is absolutely doable.
Aurora Coin pumped to $100?  |
|
|
|
|
|
swansong
|
|
August 03, 2015, 01:21:18 PM |
|
Litecoin will hit $15 or $20 just before the halving. that is my prediction. and i am no newbie. I've seen a lot of crazy things like Aurora Coin pumped to $100 in 2 -3 days. So $15 - $20 for Litecoin is absolutely doable.
Aurora Coin pumped to $100? Yeah $110 or $115 more likely. but its an old news. 1 and half years ago perhaps i don't remember exactly. |
|
|
|
|
nutildah
Legendary
Offline
Activity: 2968
Merit: 7909
|
|
August 04, 2015, 05:37:43 PM |
|
Prediction: halving is already baked into the price, ala happens to stocks with stock news before it becomes "public."
|
|
|
|
newb1 (OP)
Newbie
Offline
Activity: 3
Merit: 0
|
|
August 04, 2015, 05:50:36 PM
Last edit: August 04, 2015, 06:01:55 PM by newb1 |
|
Prediction: halving is already baked into the price, ala happens to stocks with stock news before it becomes "public."
If halving is baked into the price, when did this occur? This halving and all future halvings have been known from the start. It seems to me, prices are not only affected by predictable events but also actual events. While miner rewards have been known to halve, miners have not experienced it, so there has been no direct affect on their behavior. Also.... There have been 130 responses to the survey thus far. Given the number of views in this thread alone, it seems many are choosing not to respond. For those who have not... why not? I would like to get as many responses as possible before publishing the first report. I may have time to report out this coming weekend, so... if you are willing to respond, please do so ASAP. Thank you all. Phil A.K.A newb1 |
|
|
|
|
nutildah
Legendary
Offline
Activity: 2968
Merit: 7909
|
|
August 04, 2015, 06:22:42 PM |
|
If halving is baked into the price, when did this occur?
A couple months back, and its still occurring. Its quite possible it was "overbaked" a month ago and LTC is currently at its fair valuation. |
|
|
|
|
Sir Alpha_goy
|
|
August 05, 2015, 12:53:31 AM
Last edit: December 12, 2015, 04:38:50 PM by Sir Alpha_goy |
|
.
|
|
|
|
|
nutildah
Legendary
Offline
Activity: 2968
Merit: 7909
|
|
August 07, 2015, 01:05:31 AM |
|
If halving is baked into the price, when did this occur?
A couple months back, and its still occurring. Its quite possible it was "overbaked" a month ago and LTC is currently at its fair valuation. I believe this is correct. The only thing that would naturally bring the price of LTC up at the moment is BTC's price rising in fiat currency. So far its taken quite a while to get non-nerds (aka almost everybody) interested at all in cryptocurrency, but perhaps the general trend is people are becoming more friendly to the idea of magical internet money, thus they would be more inclined to use it or see it as investment-worthy. Most people are just happy to be alive, though, really. I know, its hard to believe. |
|
|
|
|
