Bitcoin Forum

Every four years after mining of 210,000 blocks, the Bitcoin halving event takes place, wherein the number of BTC generated rewards to the miners will be halved, i.e, divide the current one by 2, which basically will reduce from 12.5 to 6.25 BTC. Bitcoin halvings which have happened before always displayed far-reaching heights, hence the same is expected of the upcoming one.

To put it simply, the miners add new blocks of information to a database known as “public ledger”, wherein they get rewarded for their efforts to maintain and monitor the network of transactions. The miners would rely on fees as the BTC block reward decreases, as that helps them with the incentive for verification of transactions. The miners are the ones who would get mostly affected by Bitcoin halving event.

What is Bitcoin Halving?

Bitcoin Halving is the phenomenon by which the miner reward keep on halving, or decrease by 50% after every four years, which happens after mining 210,000 blocks. Satoshi, the creator of Bitcoin wanted to create a system that would be self-sustaining, similar to gold mining. So, in order to control supply, he came up with the method of Bitcoin halving.

Previous Bitcoin Halving Explained With Its Effect On Price:

BTC Halving in 2012
On November 28, 2012, on the production of 210,001 blocks, the mining rewards dipped from 50 BTC to 25 BTC. After a year or so, the Bitcoin price smashed to 1000 USD. As the market is ready and knows beforehand about the event, the impact on price is bound to be negligible, and hence will start applying the reduction rate to the price gradually.

BTC Halving in 2016
On July 9, 2016, the second Bitcoin halving took place, with an all-time surge of around $19,000, which reached 20,000 USD by December 2017. Before the 2016 halving, the BTC price fell as low as 200 dollars per coin and the mining reward dipped from 25 BTC to 12.5 BTC. But right after the halving took price, the price started rising exponentially.

Upcoming BTC Halving in 2020

2020 is most likely to see a similar change for the Bitcoin price, where the miner fee is going to be halved from 12.5 to 6.25. It is going to take place on May 27th, 2020. The crypto enthusiasts have participated on twitter saying they believe that the Bitcoin price will be skyrocketing during the BTC halving stage. To be precise, 61% of 2500 accounts believe that the price will soar from now until the halving, while 25% believe that the price increases will come after the halving.

What will be the impact on BitCoin Halving in 2020? (https://coinswitch.co/news/bitcoin-halving-2020-bitcoin-halving-explained-read-more)

Well, most people are looking after the next halving which will take place a year from now. A early as 2019 the market price of bitcoin started recovering from the recent bull-market and upon looking at the historical chart and prices of bitcoin, many are speculating that the history will just repeat it self. Many are waiting for a bull-market this coming halving. Let's just hope that the halving this coming 2020 will make a new ATH on bitcoin price as how many people speculated.

The times that the price has risen dramatically do not coincide with a halving. Doesn't that indicate the price rises are unrelated to the halvings?

These facts contradict the story of the halving-induced price rises:

The price rise after the 2012 halving started about a year before the halving and ended with a bubble shortly after the halving

The rise to $1000 started six months after the 2012 halving, after a steep drop following the previous bubble. If you attribute the rise to $1000 to the halving, woulding you also attribute the fall from $200 to $70.

The price rise to $20000 started about a year before the 2016 halving and the price actually fell during the month after the halving.

Months away from the halving event, there is a continuous buzz on this as to what can happen to the price of bitcoin before, during and after. The main consensus is that this can trigger an upward movement for the price similar to burning tokens to minimizing the supply. Will halving be the catalyst that can push bitcoin way beyond the $20,000 zone...many are hoping this can happen and I am one of the many expecting the same. Whether we can be disappointed or not...that remains to be seen.

So we have a year to see if that will happens or not but I think it will happen and it will push bitcoin price to make ATH again.
The fewer rewards will cause the price to increase higher, and it's an economy law ;D
When supply is decreasing, the demand will be an increase, and that will impact the price.
I believe that the price can increase more than $20k-$30k or more than that in the future.
I think Satoshi Nakamoto is an economist too because he knows about the economy law ;D

You make a very good point, but we normally see a slight increase in the price about a week or two before the Halving event starts and that might be directly attributed to the media hype that are built before the event happens.

I think people give more credit than credit are due for this event having a significant impact on the price. The impact is much smaller and it only last about 2 or 3 weeks.  ::)

Actually I'm waiting for halving to take place in 2020 but I suspect the bullrun will take place a year later meaning by 2021 we will see a huge ATH like never before

You are following the pattern of 2016 halving and effect took place by 2017 which came the most popular bull run of all of time. Everyone believes that next year would be another year of bull and we're starting to see the signal as of these times.

Not just a year but make it a year or two just like the pattern that we've seen last 2016-2017 which can coincides by 2020-2021.

We are under currently at lets say a mild bull run plus the halving news that comes out this year I think the halving will push bitcoins bull run way longer compared to previous bull runs,one thing that may happen to is halving can help bitcoin slingshot in price and easily double the previous ATH

This is a mechanism that makes mining more difficult, which means that bitcoin added to the supply becomes more difficult. Will Bitcoin price increase if Bitcoin Halving takes place? Does history continue to repeat over time? I believe that will happen and Bitcoin prices will rise sharply.

Small impact? I disagree. As op explained, the upcoming halving event could push BTC to a whole new range due to the supply and demand logic. The market has already begun recovering currently and I am expecting a long term impact in this case.

Doubt it. The bull run has already begun although it is moving at a slower pace when compared to the 2017 bull run. I am expecting BTC to touch $13K by the end of this year and it will most likely touch a new ATH before the halving event next year.

Well in that case i will still hodl bitcoin and it is a good opportunity to buy as many as you can and i believe bitcoin could comeback it again. If you based on your pattern i'm agree with that it's not time that bitcoin will continue bullrun maybe 2021.

I think the only way to make another great pump with that halving event is to create a huge FOMO. I'm very sure that once btc hits $15k or more than that, people will go insane just to buy btc again. It is certainly the only key to trigger the next all time high and I'm sure that before 2020 or in the first month of 2020, btc is already $50k.

We are still a year away from the next halving date, guessing on any price one year from now will be pure speculations, but the fundamentals have changed and we see a much bigger demand for bitcoins. And the exchanges are already now expected to be able to sell more bitcoins than the miners can mine after next halving. So this alone should lead to a much higher price for bitcoins in a year from now.

I will be happy if these bull runs are the effect of this halving. Though this process is healthy for the price but it is not healthy for the miners as mining will be inefficient for sometime until the price goes up and lesser nodes means slower network.


The has an effect on the market, the increase in supply of bitcoin will slow down. Some of these bull runs may or may not be a direct effect of the halving. Just like huge dumps that are caused by bad news spreading around the ecosystem, or some good news about legalization of bitcoin on some countries or some big companies buying bitcoin. The halving is not the only thing that influences huge price movement.


Cutting the supply or slowing down the production while the demand is increasing will also pump the price. Bitcoin is made to have some characteristics of gold, to have a limited supply. Just like how the token burning on some alts are causing the price to go up, it is a proof that this scheme has influence on the price.

Bitcoin halving is known to have a huge impact on the value of Bitcoin.
It's the phenomenon which holders even whales are waiting for. However, it will have a negative effect balancing the supply and demand of the market.
This event will surely bring a good profit for most traders.

Looking at the price rise from the Halving principle represents a failure to imagine how BTC works.
The historical review of how Bitcoin is rising after each Halving does not necessarily mean that it will happen again.
Currently, miners earn a lot of mining so there is no need for the price to rise to record highs in 2021.

I’ve created a topic about before, you can study it here -----> Less than 1 Year for Block Halving (https://bitcointalk.org/index.php?topic=5145531.msg51146865#msg51146865).

Very nice post. Made with many information. There are a few differences. There is a slight difference from one year to the present. We have a logical explanation of the current information. But it has been good all over.

This is all speculative and we are basically trying to speculate what the future holds for BTC and crypto in general and we all are aware of the fact that nothing might come out of this event though the chances of that happening are slim in my opinion.

Miners earning a lot? What? The golden days of mining have faded and only a few miners earn big money these days. There is no point mining with a GPU currently if you ask me. Prices need to rise to help miner profits increase with time.

Logically, the price has to increase with the halving right?

Halving basically reduces the reward to the miners. If miners are rewarded less then there can be reduction of miners due to maintanince cost and other reasons which in-turn may increase the congestion.

Also, the price increases as the supply is less and demand is more. Halving by halving the supply reduces and demand increases thus, the price hash to increase.

This is as per my understanding. Please do explain if you have other side of looking into the halving.

That's become another reason why you should hold your btc or other crypto from now.
Since 2020 is coming very soon, it's become the wise decision,right ?

Why people still afraid of crypto while it can make you earn profit more than you can imagine

in the meantime we will see more drama that will happen when bitcoin hlaving happens at that time, I hope halving 2020 is not the main thing to make bitcoin as one of the more phenomenal digital assets than before.

The way I see it is: nobody has any clue what will happen. The only thing we can do is: wait and speculate.

This is what the bitcoin is looking forward to, after bitcoin experiences halving, the potential price will definitely increase and the price of bitcoin will be worth expensive. So be prepared for next year.

Those are common misunderstandings.

The number of miners does not affect the backlog of transactions because the difficulty self-adjusts every two weeks.

Halving does not halve the supply. It halves the production. The supply of bitcoins continues to rise as the total number of bitcoins approaches 21 million.

thanks for that info and explanation, probably we will see good bitcoin pump after in one year after halving. Seems to be true.

We want this halving to take place soon, as we are also be the one benefiting from that. Only if we buy BTC at this stage on we would be able to harvest good profits later on. I guess I have the feeling that some sort of big developments will synchronize with the halving and therefor could  boost it's price. IT is just a hunch but this is what I believe.

The most anticipated event in entire cryptocurrency history is bitcoin halving where we can expect the growth of btc price and less congestion and less fee for bitcoin transaction

Woww, with all these statics and relevant information regarding bitcoin halving I bet I would want to hold some good amount of bitcoins before this happens. I am sure Bitcoin's price would be way over $20k by then.

We cannot know this. Anyway, Bitcoin halving happens each 4 years, and the price of the cryptocurrency goes to the Moon after it. Therefore, it will be reasonable to wait until May 2020- June of this year at least.

If the price keeps surging from now till next year, the price of bitcoin will be worth a fortune then. Don't you think there will be some retracement along the line.

True. Also i really like this threat because it is explaining something really important and that might convert someone who is thinking about trading into becoming a hodler instead and help a bit towards the future balance of Bitcoin.

That combined with the future adoption rate is what will make it possible. It also goes even beyond that date.

Some people are afraid of things that are good for them.

I think that the reductions in half is only a part of the reward that all the miners have according to the effort having their machines to be able to provide the service of having a good traffic in bitcoin transactions, however reaching 6.25 it may be a definitive trigger for bitcoin to reach $ 50k as many scholars have predicted and if it is added that the ETFs in their approval can be the much bigger bomb.

As the miners reward per block decrease, the price of bitcoin is  predicted to experience some leaps, since miners will stop to sell their bitcoin cheap. Currently, it's even difficult for a solo miner to be able to guess the next block, the mining difficulty has greatly increase, the difficulty is approximately adjusted every 2 weeks, while new block is discovered every 10mins approximately, since it's currently 12.5BTC per block, so at every 24hrs, miners go home with a total block reward of 1800BTC in 24hrs, this looks sweat but not a easy task to come buy.

"Reduce in supply" by this I meant the number of coins that are getting mined will be reduced. Halving is the process of 1/2 the Coins that are mined right? Or you can say that it is reduction of reward by 50%. Which indirectly means the number coins Coinbase transaction reduces exactly by half. This is why I refereed supply reduces.

I did not get you. I did not understand how that does not effect. Demand and supply balance always affects the market right? Please explain. Now I am confused.

Believe that Bitcoin prices are expected to rise at the next halving event. Because halving events mean less amount of Bitcoin is left for mining, miners will fight and compete with each other as before. With transactions that take longer, if there is less supply in the market while demand remains constant, the price of Bitcoin will definitely rise high in the long run.

I am anticipating the halving but I feel it will affect the market shortly afterwards but not in the long run as this market sure knows how yo recover

It should do yes. It is strange how crypto goes though, what you think is sure to happen just doesn't. I am afraid not everyone is as logical as you and I. Predicting how these people influence the market is like a wild card honestly. I am trying to collect as much bitcoin as I can before the halving. I kinda wish the hlaving was held back since I want to build up my bitcoin stock ^^

i hope halving in the next year will have the same bullrun impact as the previous two periods halving
because the supply of bitcoin circulating every day will decrease and i think this will definitely have an impact on the price of bitcoin

Halving the amount of Bitcoin through mining is one of the most important events. Mining becomes difficult, and this will positively impact Bitcoin. The total bitcoin supply is getting more and more early, making it increasingly difficult for Bitcoin to exploit, so it has led to higher Bitcoin prices, and the Bitcoin Halving event has also had a significant impact on Bitcoin prices.

Just about a year from now,I believe the price will spike as run up to the halving,hopefully the price will be good enough so as not to put off too many miners off the mining rigs.There is already just a small margin in profit with the12.5 btc block reward,6.25 can be a huge blow

Altcoins have halvings,  too. The problem is that mining Bitcoin became extremely difficult nowadays,  at least for small miners.
Instead of mining BTC, why don't you look into Altcoin mining? With GPU's

It's not profitable right out the bat. But within 6 months I think you'd break even.
But the problem is, you will have to do alot of research of what hardware to buy and how to get the rig up and setting.

There is alot of work involved but it's not too technical. You can learn from the ground up. Don't worry about overclocking and stuff like that.

Any crypto miner who work without profit will stop with mining, but I doubt those greatest miners have such problems, especially as regards China. Some reports say that even with $3000 per BTC, miners can get some profit, with today price some miners can get around $5000 per BTC which is certainly not a small amount of money.

So with next halving reward per block will be reduced by half, but price of BTC should also go up. It should not be forgotten either that miners get extra profit from fees, and that they are not forced to sell all mined coins, but only what is needed to cover the costs of mining.

I think the 2020 block halving as already been priced in. If anything i think the price will either go sideways or downwards. That is what has always happened after bitcoin block halving's have taken place in the past.

Block halving's so far:

1st Block Halving 2012 : Price $12 (November 2012) 

2nd Block Halving 2016: Price $600 (July 2016)

Highest bitcoin prices per year:

2009 - 1BTC = 1BTC

2010 - 1BTC = $0.30

2011 - 1BTC = $32

2012 - 1BTC = $13

2013 - 1BTC = $1000

2014 - 1BTC = $600

2015 - 1BTC = $250

2016 - 1BTC = $1000

2017 - 1BTC = $20000

2018 - 1BTC = $15000

Keep in mind that bitcoins are not consumed. The halving reduces the rate at which coins are mined, but that is not the "supply". That is the "production". Even though the production is halved, the supply continues to increase until the total number of coins reaches 21 million.


Transactions won't take longer and the supply in the market will continue to increase before and after the halving.

many predictions say if 2020 will be a surprise moment for bitcoin, now bitcoin will still continue to experience price increases and that will definitely happen. so having bitcoin from now on is a good thing right

Bitcoin halving in 2020 will by that time enable Bitcoin to skyrocket to its all time high of 20,000 USD and over. But the problem is if the halving reduces  reward miners obtain, then it will discourage miners from spending energy and resources to do so.

German bank predicts BTC at $90,000 after next halving  8)

https://news.bitcoin.com/german-bank-predicts-btc-at-90000-after-next-halving/

I don’t even understand how in 6 months Bitcoin will fly up to the mark of 20,000 dollars? I do not believe in such a strong price increase. I think that Bitcoin can overcome this price no sooner than in 1 year.

Waiting for bitcoin halving in 2020 will higher or not, many investor have prediction with bitcoin price going up at halving on 2020 but looking for bitcoin price now look less chance to get bitcoin in 2020 become higher price, but everything never impossible with bitcoin price because suddenly could on higher price and lower.

Just because there is a halving does not mean the price is going to skyrocket. Yes it will make it eventually go up. I have learned from other halvings that usually after the halving happens the price decreases a little bit. It is a basic rule of investing. Buy the rumores, Sell the news. Take the LTC halving that just happened everyone was upset because the day the halving happened the price decreased noone could understand why.  The reason being is a coin will pump up until the big news then everyone tries to sell in the highs. Causing each sell order to be a little less then the last.

The price will increase the month or so leading to the halving but then expect a slight decrease for a month or so!

Bitcoin halving is one of the most important things the investors wait for I think. 2012 and 2016 halvings increased Bitcoin price in a huge amount. The awaited 2020 Bitcoin halving can make the price fly to at least 25k dollars I think.

If the bitcoin's mining price will be halved, is there a possibilities that there would still be an entity that will be interested in mining? Because of fees, people might be discouraged to run mining systems because of high cost of power and low return of fund. In that case, there will be less and less miners in the market, poor transactions will happen, what is your opinion about it?

This is how they foresaw about the future of Bitcoins, that's why their government is one of the official supporters of bitcoins around the world. as of today, the price is far from what they speculate after halving but base on the past history of its halving, there wasn't a single time the price was fall. everytime the halving comes, the price has successfully risen in a reasonable amount. I think what the german bank predicts will have a higher percentage of becoming true If there will be no sudden change in the flow of the price starting today.

why!!!?

it's basic supply and demand. when demand outstrips supply, the price adjusts to reflect how much



my opinion is that people said that last time (both times)

they were wrong. what's different this time? (I'll give you a clue, the answer rhymes with "buffing")

no warranty at all!!!
let's take LTC for example, it had halved recently. I was expecting to some pump before or after the halving!
but what I got? dump instead.
so why with bitcoin it could be different?!

Litecoin is no longer below $ 30. What guarantees do you need, even with such manipulation of Altcoin prices !? So Bitcoin will cost more than 12,000 dollars and this is already a fairly strong position!