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Title: Facts about the next bitcoin halving (cool infographic) Post by: pask777 on February 14, 2019, 05:28:22 PM https://i.redd.it/7o7rcyl96eg21.png This infographic was initially posted here: "2020 Bitcoin Halving: 7 Facts You Ned to Know (https://coindiligent.com/2020-bitcoin-halving-facts)" Title: Re: Facts about the next bitcoin halving (cool infographic) Post by: BitcoinFani on February 14, 2019, 05:34:47 PM yeah exactly. peculators like to buy an asset prior to an important event. This is not only true in crypto markets, but also in traditional equities. This effect is what caused Bitcoin’s price to rally 1 year prior to the halving in 2012 and 2016, halving is important. Thanks a nice article
Title: Re: Facts about the next bitcoin halving (cool infographic) Post by: Pab on February 14, 2019, 05:38:39 PM Thanks for sharing
All that needs to be known by anybody who want to invest,be part of digital currencies movement Bitcoin inflation will be lower than gold.I even didn't know that Bitcoin can be best hedge for inflated market One day huge inflation can appear in that debt economy fiat market Title: Re: Facts about the next bitcoin halving (cool infographic) Post by: kryptqnick on February 14, 2019, 05:43:59 PM Thanks for sharing it! Nicely done! Halving is natural, and the fact that the inflation rate of bitcoin will be lower than the one of gold is great. Perhaps people will actually consider turning to digital value instead of continuing to believe in some yellow metal. Will the new halving lead to the bull run? If the price won't grow, miners will not profit. So either half of miners will leave, or the price will at least double. I hope more people will notice Bitcoin by spring 2020, and we will have a stronger and bigger community, ready for mining difficulty increasing.
Title: Re: Facts about the next bitcoin halving (cool infographic) Post by: boled on February 14, 2019, 08:26:35 PM Good article provides a lot of useful information, i made a post that I took from https://www.bitcoinblockhalf.com/#
Total Bitcoins in circulation: 17,531,188 source: Bitcoin Block Reward Halving Countdown (https://www.bitcoinblockhalf.com/#) numbers keep changing every second, to see the latest status please visit the source website (https://www.bitcoinblockhalf.com/#). whether the same thing will happen like 2x halving before, where prices will soar, honestly I'm curious, when halving what makes the market increase so dramatically? and who did it? Title: Re: Facts about the next bitcoin halving (cool infographic) Post by: stortz on February 14, 2019, 09:14:05 PM you should probably include the log scale on your infographics
https://i.imgur.com/EzbsAta.png this is outdated too Title: Re: Facts about the next bitcoin halving (cool infographic) Post by: aoluain on February 14, 2019, 09:48:08 PM Nice infographics and interesting stats.
It really is amazing to think over 80% of Bitcoins have been mined in 10 years and that just under 20% will take another 121 years. I also like to see more talk about the block halving, this will be my first experience of a halving so it will be nice to experience the talk, [and hype], and to see how the markets respond before and after the event. Title: Re: Facts about the next bitcoin halving (cool infographic) Post by: dothebeats on February 15, 2019, 06:17:37 PM It's really fascinating to know that even after 80% of all bitcoins would be mined by 2020, we still have ~120 years left before everything is exhausted. Also, almost everyone is banking on the next halving as the start of a bull run but I don't think we'll see it by then. Most of the time, block reward halving on cryptocurrencies have been associated with greens but 2014, 2015 and 2016 halving brought nothing but disappointment for users. Anyway, another fun fact about block reward halving that I saw on the bitcoin wiki:
Quote from: https://en.bitcoin.it/wiki/Controlled_supply * In Block 124724, user midnightmagic mined a solo block to himself which underpaid the reward by a single Satoshi and simultaneously destroyed the block's fees. This is one of two only known reductions in the total mined supply of Bitcoin. Therefore, from block 124724 onwards, all total supply estimates must technically be reduced by 1 Satoshi. Title: Re: Facts about the next bitcoin halving (cool infographic) Post by: pixie85 on February 15, 2019, 06:52:37 PM Most of the time, block reward halving on cryptocurrencies have been associated with greens but 2014, 2015 and 2016 halving brought nothing but disappointment for users. Anyway, another fun fact about block reward halving that I saw on the bitcoin wiki: It was because there was already a halving in 2012 followed by 2 big bull runs in 2013 one in spring and one in winter. You can clearly see that the hype was there right after the halving just as it was supposed to be. 2015 was a very strange year because it was the year when China banned bitcoin exchanges and there was a lot of negative impact after gox bankruptcy. 2016 was not a disappointment by any means. If you bought in September for 500 dollars you could sell in December for 1100. Is doubling your investment in 3 months disappointing? Title: Re: Facts about the next bitcoin halving (cool infographic) Post by: romero121 on February 15, 2019, 07:31:56 PM That's a good work, every halving till date has provided with price pumping in the following days or after certain time period. Even with the previous halving similar thing happened. People expected the growth to happen by the days after halving. There wasn't big change, it slowly got impacted by the year end even when there were no big news relative to bitcoin. The same growth continued for 2017, after a little stability gain it started to move forward and reach the peak value.
Title: Re: Facts about the next bitcoin halving (cool infographic) Post by: odolvlobo on February 15, 2019, 09:48:41 PM Quote 85% of all the bitcoins will have already been mined at the time of the halving The actual number is 87.5% Title: Re: Facts about the next bitcoin halving (cool infographic) Post by: cryptomaster420 on February 15, 2019, 10:13:25 PM Cool infographic, the part about the inflation drop is really meaningful.
It will give us leverage to advertise bitcoin to investors in other asset classes. Title: Re: Facts about the next bitcoin halving (cool infographic) Post by: LTU_btc on February 15, 2019, 11:34:53 PM It's still a lot of time until another halving. It will be interesting to see what it will bring to market, but until it a lot of crazy things can happen. When I saw this infographic it reminded me one sad thing - we won't survive until the day when all Bitcoins will be mined, unless you're planning to live for ~120 years lol.
2015 was a very strange year because it was the year when China banned bitcoin exchanges and there was a lot of negative impact after gox bankruptcy. It's the first time when I hear that China banned Bitcoin exchanges in 2015. Are you sure that you didn't confused years. Because this thing happened in start of 2018.Title: Re: Facts about the next bitcoin halving (cool infographic) Post by: HabBear on February 15, 2019, 11:42:51 PM I like the design of this infographic but you're using a ton of space to say very little. I think you need more important facts about the halving, can you get deeper on what this means to all of us? Why should we care about a halving event.
And in parallel with upping the content game you should make the BTC graphic in the center smaller or move it to the bottom or make it exist in the background. We shouldn't have to scroll to see all of 6 bullets of information. Thanks for creating this though, it's exciting to know that the next halving is nearly a year away! Title: Re: Facts about the next bitcoin halving (cool infographic) Post by: pawanjain on February 16, 2019, 03:06:57 PM I am just waiting for the time when the price starts hitting high because the history of bitcoin has shown us that the price of BTC has grown before every halving.
I just hope this time the price indeed grows real high so that those people who lost a bankful :P of money in the last dump can recover at least some portion of their lost money. Title: Re: Facts about the next bitcoin halving (cool infographic) Post by: Lucius on February 16, 2019, 05:35:44 PM It's really fascinating to know that even after 80% of all bitcoins would be mined by 2020, we still have ~120 years left before everything is exhausted. This data is not accurate, in year 2020 93.73% of all bitcoins will be mined, and by the year 2032 more then 99% will be mined (99.21%) so that less then 1% will be left for next 120 years, really a very small and insignificant amount. You do not have to worry about so long period of time, in less then 10 years there will be very low production of new mined bitcoins. I like the design of this infographic but you're using a ton of space to say very little. I think you need more important facts about the halving, can you get deeper on what this means to all of us? Why should we care about a halving event. Thanks for creating this though, it's exciting to know that the next halving is nearly a year away! I do not think OP is the author of this picture, therefore he can not change nothing except to reduce the size of the image to suit forum better. I am not sure why you first say that you do not care for halving, and then you are excited for the same? If you need more info about halving, try to use some search engine - Look what I found : Controlled supply (https://en.bitcoin.it/wiki/Controlled_supply) Title: Re: Facts about the next bitcoin halving (cool infographic) Post by: btc_angela on February 17, 2019, 10:53:54 AM Most of the time, block reward halving on cryptocurrencies have been associated with greens but 2014, 2015 and 2016 halving brought nothing but disappointment for users. Anyway, another fun fact about block reward halving that I saw on the bitcoin wiki: It was because there was already a halving in 2012 followed by 2 big bull runs in 2013 one in spring and one in winter. You can clearly see that the hype was there right after the halving just as it was supposed to be. 2015 was a very strange year because it was the year when China banned bitcoin exchanges and there was a lot of negative impact after gox bankruptcy. 2016 was not a disappointment by any means. If you bought in September for 500 dollars you could sell in December for 1100. Is doubling your investment in 3 months disappointing? It's also worth to mentioned that it took at least 4 months after the block halving in 2016 to see the price moves in somewhat bullish trend. Which means that everyone shouldn't look at block halving as the overnight solution to this bear market. We need time and patience, I think that really important to know about the next block halving in 2020. People might think that after the halving the price will automatically bounce in a blink of an eye. It's not the case in 2016. Title: Re: Facts about the next bitcoin halving (cool infographic) Post by: Herbert2020 on February 18, 2019, 06:06:17 AM This data is not accurate, in year 2020 93.73% of all bitcoins will be mined, and by the year 2032 more then 99% will be mined (99.21%) so that less then 1% will be left for next 120 years, really a very small and insignificant amount. You do not have to worry about so long period of time, in less then 10 years there will be very low production of new mined bitcoins. by 2020 if we take the day of halving then there will have been 3x 210000 blocks or 630000 blocks. 21000*50 + 21000*25 * 210000*12.5 = 18,375,000BTC / 21000000 = 87.5% ps. i still don't get why people are focusing so much on halving instead of focusing on a dozen other more important matters that have been helping the adoption and consequently increasing the price! Title: Re: Facts about the next bitcoin halving (cool infographic) Post by: Kakmakr on February 18, 2019, 06:12:48 AM I do not really agree with the infographic that a Halving triggers a Bull run. ::) Yes, we do see a small spike in the price, prior to the halving, but that is normally just the hype that surrounds the media attention that a event like this gets. After the halving, everything returns to normal and the price goes down again.
People should not put all their hope and dreams on this halving to push the price up to a new all time high in 2020. It might bump the price with a few hundred dollars or so, but that would be about it. :P Title: Re: Facts about the next bitcoin halving (cool infographic) Post by: Pursuer on February 18, 2019, 06:34:27 AM I honestly wouldn't call this "infographic" let alone a "cool" one. this is more like a bunch of common knowledge with some mistakes written on top of a picture. and the goal of it is not to talk about block reward halving or anything worthwhile. the only purpose of this "picture" is to create some hype around the block reward halving that is about a year away from now while speculating about the price rise because of it!
Title: Re: Facts about the next bitcoin halving (cool infographic) Post by: Haunebu on February 18, 2019, 06:42:58 AM I do not really agree with the infographic that a Halving triggers a Bull run. ::) Yes, we do see a small spike in the price, prior to the halving, but that is normally just the hype that surrounds the media attention that a event like this gets. After the halving, everything returns to normal and the price goes down again. People should not put all their hope and dreams on this halving to push the price up to a new all time high in 2020. It might bump the price with a few hundred dollars or so, but that would be about it. :P True. Many people feel that halving is equal to a bull run which is silly and stupid at the same time. It is certainly true that halving helps Bitcoin and the entire market, but it is silly to expect an insane bull run like in 2017. An ETF getting approved or an entire country willing to legalize Bitcoin etc are proper reasons for triggering an insane bull run in my opinion. Title: Re: Facts about the next bitcoin halving (cool infographic) Post by: Kopyleft on February 18, 2019, 07:22:05 AM Considering the amount of bitcoins that would have been mined at the point of the next halving and the remainder which would be spread over a hundred years, this could be the last truly significant Bitcoin halving.
Am very optimistic about it's impact on the price. This is a very good time to own you some bitcoins. Title: Re: Facts about the next bitcoin halving (cool infographic) Post by: ðºÞæ on February 18, 2019, 10:09:00 AM Another way to look at it.
https://i.ibb.co/tPLgB68/coin-supply.jpg https://i.ibb.co/tPLgB68/coin-supply.jpg Title: Re: Facts about the next bitcoin halving (cool infographic) Post by: muslol67 on February 18, 2019, 12:19:58 PM After halving, There will be 900 BTC's mined daily. It is great amount to mine.
Lets we look at another side, Today, 1 Bitcoin is about $3800. So There will be released over 3 million USD everyday. If BTC price will be risen that day to 10k, There will be released over 9 million USD everday... 9 million USD is huge amount to create. Title: Re: Facts about the next bitcoin halving (cool infographic) Post by: Wildwest on February 18, 2019, 02:26:20 PM I don't really understand about bitcoin halving, some say this will have an impact on prices because later the number of miners will decrease. But there are also those that will have a positive impact, whether it's what's clear, I just hope it will have a positive impact
Title: Re: Facts about the next bitcoin halving (cool infographic) Post by: ðºÞæ on February 18, 2019, 02:31:33 PM I don't really understand about bitcoin halving, some say this will have an impact on prices because later the number of miners will decrease. But there are also those that will have a positive impact, whether it's what's clear, I just hope it will have a positive impact Number of BTC which can be sold by miners decreases every 4 yearsabout 1800 BTC mined daily now after halving 900 BTC mined daily about 4 years after next halving 450 BTC mined daily .......... ..... in 30 years 8 BTC mined daily.... Title: Re: Facts about the next bitcoin halving (cool infographic) Post by: denzkilim on February 18, 2019, 02:41:05 PM I honestly wouldn't call this "infographic" let alone a "cool" one. this is more like a bunch of common knowledge with some mistakes written on top of a picture. and the goal of it is not to talk about block reward halving or anything worthwhile. the only purpose of this "picture" is to create some hype around the block reward halving that is about a year away from now while speculating about the price rise because of it! I agree with that, I also think that it's just a hyping technique by some people to hype the price of Bitcoin with their ideas and point of views. We all know that the Crypto Currency market is very unpredictable and no one knows exactly what will happen in the future, even if a lot of people thinks that there will be a bull run that is going to happen it can turn sideways or anything like that. But what can we expect in a very speculative industry? I guess it is better just to go on with the flow on what is happening and what is the market trend right now, especially for traders out there that takes advantage of the bearish market situation.Title: Re: Facts about the next bitcoin halving (cool infographic) Post by: H1N1 on February 19, 2019, 02:36:35 AM Those are interesting facts indeed.
But we still have 1 year left before bitcoin halving, so i think we have enough time to buy other coins before buying bitcoin. As long we can buy it with low price in bear market, then we will get the profit when the bitcoin goes halving. Title: Re: Facts about the next bitcoin halving (cool infographic) Post by: Tamilson on February 19, 2019, 09:59:38 AM I don't really understand about bitcoin halving, some say this will have an impact on prices because later the number of miners will decrease. But there are also those that will have a positive impact, whether it's what's clear, I just hope it will have a positive impact Number of BTC which can be sold by miners decreases every 4 yearsabout 1800 BTC mined daily now after halving 900 BTC mined daily about 4 years after next halving 450 BTC mined daily .......... ..... in 30 years 8 BTC mined daily.... However, the rewards that miners can get will be reduce and this will cause the miners to quit since it will not be sustainable, thus miners will just depend on transaction fee. I just hope there will be a huge demand when halving happens because this will bring the price to rise. Lesser bitcoin to mine + huge demand = higher price Title: Re: Facts about the next bitcoin halving (cool infographic) Post by: AB de Royse777 on February 19, 2019, 11:34:12 AM ~snip~ Because everyone is waiting to empty their bag when it hits the new ATH then the price drops again and buy again heheps. i still don't get why people are focusing so much on halving instead of focusing on a dozen other more important matters that have been helping the adoption and consequently increasing the price! Really, it is not making sense to me. People are too much hyping the halving event. We really need to focus on other things, may be LN. Title: Re: Facts about the next bitcoin halving (cool infographic) Post by: ðºÞæ on February 19, 2019, 11:35:33 AM Bitcoin halving date is most anticipated date for crypto investors when the date coming near to bitcoin halving we can expect growth of crypto BTC prices Technical error corrected, most other coins have no halving schedule.Title: Re: Facts about the next bitcoin halving (cool infographic) Post by: Herbert2020 on February 20, 2019, 06:55:06 AM ~snip~ Because everyone is waiting to empty their bag when it hits the new ATH then the price drops again and buy again heheps. i still don't get why people are focusing so much on halving instead of focusing on a dozen other more important matters that have been helping the adoption and consequently increasing the price! Really, it is not making sense to me. People are too much hyping the halving event. We really need to focus on other things, may be LN. i think it is more like halving being the new ETF thing. it is not about them wanting to sell their bags, it is about these people (who focus only on halving for the rise) think there is no other way for bitcoin to rise so they constantly seek some reason to justify the rises for themselves. they did the same with ETF, 90% of them didn't even know what ETF is but they all insisted on it being approved because they thought if it did then rises would follow! what they miss is that bitcoin isn't rising because of some arbitrary event. bitcoin is rising because the demand for it is increasing (the adoption is growing) since it is useful and is offering unique utilities. Title: Re: Facts about the next bitcoin halving (cool infographic) Post by: AB de Royse777 on February 20, 2019, 07:44:06 AM ~snip~ I can not agree more with it. We need more people interested in Bitcoin. Educate them with the benefit of using crypto currency. Encourage them to use it for their daily trade. what they miss is that bitcoin isn't rising because of some arbitrary event. bitcoin is rising because the demand for it is increasing (the adoption is growing) since it is useful and is offering unique utilities. Adoption/acceptance. This is more important then any other things that is happening with Bitcoin. Thanks for the thought Cheers :-) Title: Re: Facts about the next bitcoin halving (cool infographic) Post by: Lizzylove1 on February 20, 2019, 11:59:13 AM Thanks for sharing, well understood. 900 bitcoin per day after the halving, is still not too bad, but this will definitely lead to price spike. I hope to see a bull run this year and another after the halving. The wise who are buoyant enough will be accumulating bitcoin now, these people will later become future multimillionaire will the bull run is massive.
Title: Re: Facts about the next bitcoin halving (cool infographic) Post by: faceoff97 on February 20, 2019, 11:07:37 PM Great infographics. This only assures us that Bitcoin future is really bright. Price might change from time to time in this current market condition, and we can't predict if the price will continue to rise. But one thing is for sure, in time Bitcoin will recover and regain it's original peak price. The best thing to do now, is to buy and hold coins, hold it in a secure wallet since it will be a long term investment. Hardware and open source wallet will do like Electrum or Hodler
Title: Re: Facts about the next bitcoin halving (cool infographic) Post by: shield132 on February 20, 2019, 11:55:06 PM If you see my old posts which I highly doubt because I post a lot, then you will find that I am repeating and repeating that for those who can't imagine high price of bitcoin in next years.
If you see, last huge rise was followed to halving. Yeah halving happened in summer but slowly and slowly rise has begun, at first it was stable 600$, then happened unbelievable and bitcoin reached to 1K, then 2K and in winter it became 20K. I think we will reach twice more after upcoming halving. Title: Re: Facts about the next bitcoin halving (cool infographic) Post by: Thirdspace on February 22, 2019, 11:33:25 PM ps. i still don't get why people are focusing so much on halving instead of focusing on a dozen other more important matters that have been helping the adoption and consequently increasing the price! people are into bitcoin as regular users or supporters of decentralization, but most are in it for profit so most people are focusing on halving and how to benefit (get profit) from such event other things that help bitcoin adoption interest them less because it's only indirectly affects price Title: Re: Facts about the next bitcoin halving (cool infographic) Post by: pooya87 on February 23, 2019, 03:16:42 AM If you see my old posts which I highly doubt because I post a lot, then you will find that I am repeating and repeating that for those who can't imagine high price of bitcoin in next years. If you see, last huge rise was followed to halving. Yeah halving happened in summer but slowly and slowly rise has begun, at first it was stable 600$, then happened unbelievable and bitcoin reached to 1K, then 2K and in winter it became 20K. I think we will reach twice more after upcoming halving. true but what most of you who repeat this statement about halving forget is the fact that bitcoin price was already on the rise and had risen A LOT prior to the halving and its rise. if you consider the bottom at $150 and then the price where halving started which was around $600 you can see that is a 300% rise before halving even began. then after 8 months it reached $1000 which is 66% rise so you are actually excited about a smaller rise "after" the halving while forgetting the gigantic rise before the halving! so with the same trend bitcoin has to reach at least $12800 before next halving and then shoot up to $50000 after it. |
