Litecoin halving and BTC price

[folo]

With Litecoin halving due on Aug. 25th, what would be the impact on the BTC price?

[kwukduck]

I don't think litecoin is a player anymore.
I can imagine a small amount of btc being sold for ltc quickly before the halving.
Maybe people sometimes forget those halvings are accounted for in the value long before it actually happens.

[ajareselde]

I don't think litecoin is a player anymore.
I can imagine a small amount of btc being sold for ltc quickly before the halving.
Maybe people sometimes forget those halvings are accounted for in the value long before it actually happens.

Yup, it was prepumped i agree. The most probable scenario would for traders to cash out now, and rebuy btc.
Ofcourse, there will always be those who will ignore this, but still, it wont be anything notable imho..

cheers

[gablay12]

Buy expectations, sell realities.

The price seems to increase till the halving.Any body willing to invest must consider the premium and the risk.I am not going to speculate for LTC.

[Mickeyb]

Maybe just a little buy spike of LTC before the halving, but then all this BTC will be back from LTC, just after the halving. I see generally LTC as a dead coin that has nowhere to go but down.

This year, only thing that is going for LTC is halving and maybe insane pumps of the Chinese scammers a month ago, but then all these people made even more damage to the LTC when they dumped it to the floor.

[Sumerian]

I think it'll be dumped after the halving. The people expecting for it to be pumped will be disappointed, I've seen this too many times.

[gotmilk_]

I expect a mini pump to 0.025 (maybe) and then a slow decline to sub 0.01... There is still a lot of ltc holders who are waiting to exit.

Impact on a btc price? Last few times when ltc went up btc did the same. So maybe the spike (if happens) can be positive for btc.

[arbitrage001]

I don't think litecoin is a player anymore.
I can imagine a small amount of btc being sold for ltc quickly before the halving.
Maybe people sometimes forget those halvings are accounted for in the value long before it actually happens.

Look at it another way, the price of litecoin is already so low it can't possibly drop any further.

[kwukduck]

I don't think litecoin is a player anymore.
I can imagine a small amount of btc being sold for ltc quickly before the halving.
Maybe people sometimes forget those halvings are accounted for in the value long before it actually happens.

Look at it another way, the price of litecoin is already so low it can't possibly drop any further.

That's what we hear about bitcoin too for over a year now, every month we go lower (trend) xD

[ajareselde]

I don't think litecoin is a player anymore.
I can imagine a small amount of btc being sold for ltc quickly before the halving.
Maybe people sometimes forget those halvings are accounted for in the value long before it actually happens.

Look at it another way, the price of litecoin is already so low it can't possibly drop any further.

wow, you forgot about ~1$ not so long ago. anyways, there are no rules, it could reach both 1$ and 5$ just as easy.

cheers

[-Lux-]

  it just aint going anywhere?

[PolarPoint]

I have a small amount of litecoin, so I have been watching the price recently. With something as big as halving happening, there is still not much activity. Bitcoin is not affected a bit by Litecoin. I think we have our peak in mid July. I am afraid Litecoin is going dormant again. 

[98problems]

I believe that it will have nearly zero impact as it is not used really widely though we can see a small increase in price as people will start buying lite coins for bitcoins

[Tirapon]

I think LTC might get dumped immediately after the halving but then get bought up aggresively and we see a rally. I don't know if there will be much affect on BTC price.

[gentlemand]

Its market is too weird to predict. It straddles the line between outright pump and dumpage yet it also has long term holders, it's mined widely, is on a ton of exchanges and China loves it too. I think it's a bit of a law unto itself.

[MF Doom]

I don't think litecoin is a player anymore.
I can imagine a small amount of btc being sold for ltc quickly before the halving.
Maybe people sometimes forget those halvings are accounted for in the value long before it actually happens.

I dont either.  I bought into the hype that it was the next best thing as btc, (at $40/ltc).  Now i've smartened up and stay away from any and ALL alt-coins.  I mean if btc is havig a hard enough time gaining usership, then why would anyone start taking these alts?

[NeuroticFish]

Dogecoin halving had no effect on prices. And this happened when Dogecoin was .. doing better...
I don't expect anything to happen with Litecoin, though, it's a good moment for a pump-and-dump...

[MF Doom]

Dogecoin halving had no effect on prices. And this happened when Dogecoin was .. doing better...
I don't expect anything to happen with Litecoin, though, it's a good moment for a pump-and-dump...

Isn't that about all crypto is good for these days?

People fully expect pumps & dumps, then come defend btc as a "real" currency

[Sumerian]

I don't think litecoin is a player anymore.
I can imagine a small amount of btc being sold for ltc quickly before the halving.
Maybe people sometimes forget those halvings are accounted for in the value long before it actually happens.

I dont either.  I bought into the hype that it was the next best thing as btc, (at $40/ltc).  Now i've smartened up and stay away from any and ALL alt-coins.  I mean if btc is havig a hard enough time gaining usership, then why would anyone start taking these alts?

That's a very good point. When's the next halving anyways?

[Elwar]

Are the miners selling all of their LTC to pay for electricity? I thought POS was supposed to solve that.

If they aren't then the inflation rate does not affect it as much as with Bitcoin's PoW.