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Author Topic: Litecoin price increase after successful halving of block reward., thoughts.  (Read 314 times)
CryptoInsights
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October 05, 2019, 10:27:21 AM
 #21

I would say that halving was the major reasons behind the price action. Also, if you see the history of price a month before halving the price was around $120 and during the halving there was some unusual thing observed that is: blank blocks were mined and still the transaction fee was increasing you can refer the comment for the same: https://bitcointalk.org/index.php?topic=5170782.msg52015979#msg52015979. After the halving price is declining slowly. 

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October 06, 2019, 05:10:21 PM
 #22

But not now, litecoin price has gone to around $50++. I think litecoin halving were not affecting the price too much.
The miners who mine litecoin need to calculate their profit because the reward has been halved and the price still low.
I believe that it is well with some of these top coins that we have trusted to bring up something that will make the market very lively again, I did suspect that there was not going to be any improvement because of the enthusiasm of people that was not so much about Litecoin halving when the news broke, there was not much expectation of it and from then was when I knew we may not really have much effect of it.

The bear this period is really strong that majority of the factors that would have really led to the outbreak of some of these coins are not just having much effect. This was how majority of us expected that the release of the bakkt after so much anticipation would affect bitcoin, but till now, nothing to really show for it that much and I am so surprised that top coins are really struggling too much to rise again.



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October 07, 2019, 12:08:23 AM
 #23

I would say that halving was the major reasons behind the price action. Also, if you see the history of price a month before halving the price was around $120 and during the halving there was some unusual thing observed that is: blank blocks were mined and still the transaction fee was increasing you can refer the comment for the same: https://bitcointalk.org/index.php?topic=5170782.msg52015979#msg52015979. After the halving price is declining slowly. 
Block halving = short hype
People will right try to sell after the news of the successful block reward. This what we have already called that as a halving.
halving is decreasing the inflation caused by the miners and this slowly giving impart for the long term.

that's called as empty block and a lot of people have already discussed it based on their analyzations but better for you to visit this link
https://www.reddit.com/r/litecoin/comments/6j2sz0/litecoin_empty_blocks/

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October 07, 2019, 04:45:10 AM
 #24

But not now, litecoin price has gone to around $50++. I think litecoin halving were not affecting the price too much.
The miners who mine litecoin need to calculate their profit because the reward has been halved and the price still low.
It does effect after the Halving and you should have read the OP and the Date so you don’t need to answer something like this because this was very late by 2 months now

I thought the price of LTC was going up after the update. But I didn't know the climb would be so high. Soon LTC will please us even more with its price. Many institutions have already switched to this project. Since there are very few promising projects now. LTC shows good and dynamic growth. I think he can compete with Libra for investors ' attention.

the price just went up from $90~$95 to $105 and you said that was so high? that is nothing but bull trap. And look at it today, it just declined to $85 and you said it's dynamic growth?
Well nothing really knows if it’s a trap because we can agree that market is still falling so it can be the a trap or just part of the downtrend
Quote
and how it has something to do with Libra?
first of all, Libra is Stablecoin while Litecoin is an alternative coin, we can not compare it. Because both of them have a different vision.
That’s it and why always libra coins being mentioned in every movement?is this really a mass advertising strategy of Zuckerberg so popularity of his coin will always on top until releases?









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October 07, 2019, 04:55:59 AM
 #25

The result of this halving might foreshadow what might happen with the BTC halving next year. Basically after the fact this was nothing more of a "buy the rumor, sell the news". Everybody assumed that basic economics should play out here where there will be less supply hence higher price. Which is true however the price might of already been too high before the halving. Many bulls got trapped into positions and it lead to massive liquidations recently. This is similar to what happens during the main-net launches of certain coins, the price rallies up to the launch and then it usually almost fades.

With BTC there was only 2 halvings and both were bullish in hindsight.Everybody is assuming that history will repeat itself... but will it. Keep in mind that when too many people think of the same trade strategy it usually doesn't end up working. So May 2020 should be an interesting time.
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October 07, 2019, 05:57:04 AM
 #26

But not now, litecoin price has gone to around $50++. I think litecoin halving were not affecting the price too much.
The miners who mine litecoin need to calculate their profit because the reward has been halved and the price still low.

Let us see how it goes,,, I think there is a chance it can even go below $50, in which case I will probably adjust my BTC ratio to include more LTC, just temporarily. I have a feeling the altcoin boom when it comes, it will once more be led by these established alts including Litecoin. Imagine, if price goes back to ATH from $45!

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October 07, 2019, 09:56:07 AM
 #27

I would say that halving was the major reasons behind the price action. Also, if you see the history of price a month before halving the price was around $120 and during the halving there was some unusual thing observed that is: blank blocks were mined and still the transaction fee was increasing you can refer the comment for the same: https://bitcointalk.org/index.php?topic=5170782.msg52015979#msg52015979. After the halving price is declining slowly.  
Block halving = short hype
People will right try to sell after the news of the successful block reward. This what we have already called that as a halving.
halving is decreasing the inflation caused by the miners and this slowly giving impart for the long term.

that's called as empty block and a lot of people have already discussed it based on their analyzations but better for you to visit this link
https://www.reddit.com/r/litecoin/comments/6j2sz0/litecoin_empty_blocks/

I my previous post I had shared a link and if you check that thread I had asked a query that, why the fee increases when there are empty blocks being mined. I got my answer after reading the link you shared.

Thanks for sharing the link.

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October 07, 2019, 10:49:11 AM
 #28

With BTC there was only 2 halvings and both were bullish in hindsight.Everybody is assuming that history will repeat itself... but will it. Keep in mind that when too many people think of the same trade strategy it usually doesn't end up working. So May 2020 should be an interesting time.

there is a huge difference between bitcoih laving and other coins' halvings. and that is the demand factor.
all of these arguments about block reward halvings is about the "supply" being cut in half (the creation rate anyways) but the law is not supply only it is about supply and demand.

the only reason why bitcoin price has gone up after each halving is because the demand is increasing so when reward is halved the price should shoot up. but with altcoins there is not much demand so no matter what they do to the rate the price shouldn't change.

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October 07, 2019, 11:08:17 AM
 #29

With BTC there was only 2 halvings and both were bullish in hindsight.Everybody is assuming that history will repeat itself... but will it. Keep in mind that when too many people think of the same trade strategy it usually doesn't end up working. So May 2020 should be an interesting time.

there is a huge difference between bitcoih laving and other coins' halvings. and that is the demand factor.
all of these arguments about block reward halvings is about the "supply" being cut in half (the creation rate anyways) but the law is not supply only it is about supply and demand.

the only reason why bitcoin price has gone up after each halving is because the demand is increasing so when reward is halved the price should shoot up. but with altcoins there is not much demand so no matter what they do to the rate the price shouldn't change.
Demand is always tied up when we do talk about increasing prices and if we cant see such thing then it wont succeed.As said this will matter the most with supply and demand.
Bitcoin and Altcoin is totally different when it comes to demand thats why it aint surprising why alt halvings isnt the same with btc due to demand rate.There might be some few will support out but those are just speculators who took the risk and had thought that the price will shoot up yet they do try it with btc halving event but this one proves out that
it wont happen the same.

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October 09, 2019, 01:54:18 PM
 #30

What LTC's halving did was create FOMO more than anything else. Speculators jumped at the opportunity to create some hype.

Just like BTC, while the halving does have some tangible effects on the scarcity of BTC, that is really negligible when you compare the psychological effects that a big event like the halving has over traders who are really just looking for that spark to start panic buying.

I'm still long on LTC in general, though. Prices have corrected quite a bit from its 0.01+ BTC highs due to the halving hype, and with LTC still being one of the best coins for actual practical transactions with segwit, LN and whatnot, it should be a matter of time before it retests .01 BTC/LTC.
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October 09, 2019, 05:58:00 PM
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When the Altcoins start the upward trend. Litcoin doesn't fall behind. It makes sense to invest in this case. Litcoin is already recognized in most stock exchanges in the oldest projects.
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December 09, 2020, 06:28:48 PM
 #32

When the Altcoins start the upward trend. Litcoin doesn't fall behind. It makes sense to invest in this case. Litcoin is already recognized in most stock exchanges in the oldest projects.

You are right. We have seen before how all the altcoins in the bull market went up trend. So it is predictable that strong altcoins will perform well in the bull market, so traders need to be prepared in advance so that they can enter the market at the right time.

Litcoin is one of my favorite coins. This coin has given me good results in different times. So still optimistic that Litcoin will be able to give good results to investors in the crypto market in the coming days.

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