Post
Topic
Board Bitcoin Discussion
Re: Bitcoin: Unstoppable Momentum Targets Halving Event - Don't Miss Out on the Pote
by
MusaMohamed
on 03/07/2023, 01:14:29 UTC
If this is true, then the reason for Litecoin’s recent rise will not be halving, because the effect of halving is not instantaneous, as the lack of supply does not directly mean an increase in the price, especially since demand will not be sustainable, but will be sold at the earliest opportunity, and therefore we have to wait for several months before seeing the effect of halving, which is often What is between 4 months to a year.
Effects on Litecoin miners and their rewards will only be seen after the halving, even a few weeks or months but hype effects can occur before the halving. People who buy Litecoin before its halving believe that price must increase x2 at least when block reward will be decrease a half.

Their belief comes from their calculations that if price won't double, miners will have loss from mining and they will shut down ASICs. Though this thinking is correct but it will not happen with all miners. Weak miners will capitulate but strong miners will continue mining to gain profit from price effects from halving maybe many months later. Those big miners have good capital to stay strong after a halving shock and they know that difficulty will be retarget and not be high forever. When weak miners capitulate, if they stay, they will win.