Why You Need To Understand Bitcoin And Litecoin Halvings
Bitcoin rewards are halved every 210,000 blocks mined. Litecoin rewards are halved every 840,000 blocks. Why does this matter? It affects the price. Let's dive into how.
The current reward for miners mining blocks for bitcoin is 12.5 and it will decrease soon to 6.25. Litecoin is one halving behind Bitcoin so it's currently at 25 and will go to 12.5. This means there will be a much lower incentive for miners and traditionally many miners have stopped mining when this happens which lead to the supply to be lower while the demand stayed the same. This is meant to deal with inflation and allows the value to go way up as less coins are produced. Don't listen to me for financial advice, but do take note of this and realize that previous crypto value booms have happened after halvings and though it could be speculation one might conclude that it directly affected the value.
The two websites that I refer to in the video and that you can use to keep track of halvings for LTC and BTC are:
https://www.litecoinblockhalf.com/
https://www.bitcoinblockhalf.com/
Again I am not making a prediction or advising you per se, but rather I am sharing this information which I personally am relying on for my investing strategy.
What do you think about this? Did you know this? Will you be investing in LTC or BTC? Will this change how you feel about these coins and the crypto market? Let us know in the comments below as we speculate on their values together.
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STOP.Shouldn't there be some form of upward surge of the price of litecoin since its a few weeks to its halving? Based on what you're saying, it's only rational for most people to be staking litecoin now.
The average investor is unaware traditionally the price has gone up after
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Since 74.37% and 84.71% of the coins have already been mined I think the effect of the halving will be smaller accordingly.
have a !BEER
That's fair yeah. I still think it will have an impact though. Are you invested in either?
Yes. Bitcoin, Litecoin, Ether. The classic three.
No !BEER ? Let's try again.
Haha classic indeed
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