like always don't forget your Stop Lose.
First target :72000
Second target : 95000
Stop lose : 35000
Good luck to everyone
Like always this is not a financial advise but my personal opinion. Let me know by commenting what are your take on this .
On December 12, 2017 Vertcoin will undergo its first ever block reward subsidy halving. The halving will occur on block 840,000 and reduce mining rewards by 50% from 50 VTC per block to 25 VTC per block. This halving occurs roughly every 4 years and will continue to half until the supply is fully emitted.
So the question is would be price affected :
In conclusion, the halving is something to celebrate! It’s a major milestone for Vertcoin and will be a recurring event in it’s early life cycle. Block rewards are being halved from 50 VTC to 25 VTC. We should expect a short term decrease in mining profitability and network hashrate, both of which should stabilize in the following weeks /months. Price is unpredictable, but historically LTC and BTC saw no long term negative affects in price due to halving. We’re entering uncharted waters but there is no need for fear uncertainty or doubt.
Good luck to all of us.
Please let me know what you think by commenting, thank you.
- It looks like the halving did not have any impact on the price of the coin.
- Trading: triangle VTC/BTC combo coming to a decision point as far as I can see; Lets see if we can see the UP or it'll be a DOWN or continuation of SIDEWAYS :)