Quote from: Williams_Leo on August 08, 2019, 02:18:17 PM

Quote from: bkbirge on August 08, 2019, 01:59:14 PM

Quote from: CORNEL on August 08, 2019, 08:57:37 AM

Litecoin is sitting calm and not following the path of BTC it seems a storm will come very soon and many people will miss the chance to catch the train. I am very confident soon price will be sky rocket and the moon is on the way.

Why?

Because of the litecoin halving event, in the past, when the same event occurred with bitcoin, the value of bitcoin has changed markedly and now we see a price as it is now, Litecoin as an in-house brother of bitcoin, people always put a lot of hope that it will develop as bitcoin, and with this event, this will be an opportunity for litecoin to prove that it deserves to stand with bitcoin. However, life in crypto is never sure, we should believe half, and half doubt, putting too much faith will be very dangerous.

Halving: I am always amazed by the positive outlook at what seems to be the exact opposite for pricing event.
The fact that there will be fewer coins produced per time period than before is not likely to have too much of an impact, because of the big average volatility and, probably, because market already is looking at pricing as if the entire, maximum possible supply was already mined.
What is a potentially negative factor is that miners are about to get their earnings being cut in half instantly. This means that some of them may just become not profitable, therefore leave. This, in turn, could cause a chain reaction.