Bitcoin Forum

Every 210,000 blocks, the block reward for the miner is halved. A block is found about every 10 minutes, from this you can roughly calculate when the halving takes place. As of now it is less than 1 year. There are different countdowns, but April 2024 is likely. The last halving was in May 2020. The block reward was then halved from 12.5 to 6.25 Bitcoin. The upcoming reward will then be reduced from 6.25 to 3.125 bitcoin.

An idea for a new guessing game: guess the date and time of the first block of the halving.

E be like say the time don almost reach, we dey just one year away from the next, and possibly the most important, Bitcoin Halving wey go happen for April 2024. E dey interesting now to compare our current situation with the times before the previous Halvings, so we fit understand how big the next Halving go be. As we dey do that, e no go make sense if we just dey look common things or price charts, we suppose focus on something wey dey way more important...

Wetin be the thing wey dey important na the BTC Supply, every Halving dey reduce the growth of the BTC Supply, so e go come dey more scarce with lower inflation and demand wey dey always increase, as the price go adjust upwards.

One part of the Supply wey dey very interesting na the BTC Supply wey dey available for trade. You fit talk say all the BTC Supply na the same, true talk, but the truth be say like 70% of the whole Supply dey inside the hands of long-term holders now, and 50% of the whole Supply dey inside the hands of the most dedicated long-term holders wey never sell for over 2 years.

If you add the Supply wey don loss forever for the early days of Crypto, you go see say the amount wey remain na very small amount, na the Supply wey exchanges fit collect and sell to new people wey wan enter Crypto.

After reading through all these, what exactly are you trying to drive out from all you've said, because there's nothing new here than tothology, just like teaching an average adult what food is when it's something everyone has been used to, we already know about halving, but what more do we need to be informed of different from what we already know.


How can we, is this a riddle or game, all we know is that between March and May of next year we are going to experience another halving to mark the 2024 experience after the last we had in 2020