Litecoin [LTC] halving would be more bullish for Bitcoin [BTC] than LTC, says Tone Vays

2019-4-15 23:30

Litecoin [LTC], the silver counterpart of Bitcoin [BTC] is considered as one of the most dominant altcoins. The coin is scheduled for a block reward halving on August 6, 2019.

After a particular halving, the virtual asset is supposed to witness a bullish trend. However, Tone Vays believes that Litecoin [LTC] halving will be bearish for the altcoin’s future.

At a recent meet up held in Philadelphia, Tony Vays was asked to express his views on the LTC halving. Vays stated that it would be entirely bearish for Litecoin and would be particularly bullish for Bitcoin [BTC].

He explained his statement and said that Bitcoin [BTC] halving usually reminded miners of scarcity. The scarcity factor usually drives up the value factor of a virtual asset, which makes it more profitable for the miners to mine.

Tony Vays stated,

“In the case of Litecoin [LTC], the scarcity is not a major factor because Litecoin is unsecured inflation on top of Bitcoin.”

Additionally, Tone Vays stated that Litecoin [LTC] had more competitors in the market compared to the dominant Bitcoin [BTC]. He mentioned that Litecoin halving should remind the industry that there was no value to mine Litecoin [LTC] in the current market. On the contrary, he believes that Bitcoin [BTC] halving will create opportunities for miners to find more valuable Bitcoins.

Tony Vays said,

“Litecoin is easily replaceable, so investing a lot of money in Litecoin mining infrastructure only to watch Litecoin disappear in the halving is a problem. Hence, halving is a major problem for Altcoins but, not necessarily for Bitcoin.”

He added that the bullish trend after the Litecoin [LTC] halving would not drive Bitcoin’s [BTC] price valuation through any major highs, but would still play a crucial role.

The post Litecoin [LTC] halving would be more bullish for Bitcoin [BTC] than LTC, says Tone Vays appeared first on AMBCrypto.

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Litecoin (LTC) на Currencies.ru

$ 83.29 (-0.04%)
Объем 24H $270.482m
Изменеия 24h: -0.94 %, 7d: -1.91 %
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ltc halving litecoin btc vays bitcoin tone

Источник: ambcrypto.com

ltc halving → Результатов: 10


Халвинг LTC вызвал потрясение на рынке: цена упала на 10% в течение недели, снизилась и прибыль от майнинга

Первый халвинг Litecoin произошел 25 августа 2015 года на блоке 840 000 блокчейнов, что привело к сокращению вознаграждение за блок с 50 LTC до 25 LTC. Затем, 5 августа 2019 года, был запущен второй халвинг на уровне 1 680 000 блока, в результате чего вознаграждение за блок еще более снизилось до 12,5 LTC.

2023-8-9 16:44


Фото:

Litecoin Price Analysis: How High Will Halving Hype Push LTC?

In approximately 179 days, Litecoin (LTC) will undergo a block-reward halving — cutting the coin reward for miners from 25 to 12. 5 coins. With fundamental developments like confidential transactions reportedly in the works and the popular altcoin experiencing price-strength confirmation, how high will the impending halving hype push the price of the peer-to-peer cryptocurrency?  [Disclaimer: The following article is not financial advice and should not be construed as such.

2019-2-10 08:00


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