That's only for people that mine. The ancillary effect is that fewer coins are entering the ecosystem, creating scarcity. Historically speaking, Bitcoin saw a nice jump after each of its own halvenings. Odds are good we'll see the same.
OK .... great to know. Maybe I will add some more Litecoin on Binance before the halvening.... What do I convert to LTC ? Bitcoin ? Binance ? TRX ? Steem ?
Whatever you want. I've just been buying on Coinbase. I have a recurring buy order. Not a ton of money, just enough to play with and see where it goes. Been riding it all the way down from $250, wasting for it to ride back up.
I hope so... what is the halvening ???
https://busy.org/@coingecko/litecoin-halving-is-coming-in-less-than-2-months-are-you-preparing-for-it
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Basically, the amount of reward LTC given to movers is cut in half. Historically speaking, expect a price hike when it happens.
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Hmmm.... am I supposed to be getting rewards for holding Litecoin ? Didn’t even know that. How ?
That's only for people that mine. The ancillary effect is that fewer coins are entering the ecosystem, creating scarcity. Historically speaking, Bitcoin saw a nice jump after each of its own halvenings. Odds are good we'll see the same.
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OK .... great to know. Maybe I will add some more Litecoin on Binance before the halvening.... What do I convert to LTC ? Bitcoin ? Binance ? TRX ? Steem ?
Whatever you want. I've just been buying on Coinbase. I have a recurring buy order. Not a ton of money, just enough to play with and see where it goes. Been riding it all the way down from $250, wasting for it to ride back up.
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Great idea.... cost average. I've been meaning to set this up for $10 a week or something like that ....