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Bitcoin => Bitcoin Discussion => Topic started by: Best-mary on October 09, 2023, 07:36:39 AM



Title: What to know about Bitcoin Halving
Post by: Best-mary on October 09, 2023, 07:36:39 AM
How is everyone doing? So I stumbled upon a very interesting topic where the user was asking about halving in Bitcoin beginners. The response to that question was so interesting so I thought of sharing it here. Because I believe this answer would clear a lot of newbies and some that don't know about what would happen to Bitcoin during or after halving. I really hope this helps so many people

https://www.reddit.com/r/BitcoinBeginners/comments/173epdp/what_happens_to_the_price_of_bitcoin_during/k42gkfw?utm_source=share&utm_medium=android_app&utm_name=androidcss&utm_term=1&utm_content=share_button

Enjoy!


Title: Re: What to know about Bitcoin Halving
Post by: Charles-Tim on October 09, 2023, 07:49:15 AM
There is nothing hard to know about bitcoin halving. It occurs after every 210000 block has been mined. The next halving will occur after block 840000 has been mined which is estimated to be in April 2024.

After halving, people fomo and buy bitcoin which may likely still happen after 2024 halving. Months after halving, the price of bitcoin will increase as more people invested in it and as more money is invested on it.

Edit:
After halving, bitcoin mining reward will halve. The reward is 6.25 BTC right now. It will halved and become 3.125 BTC.


Title: Re: What to know about Bitcoin Halving
Post by: EL MOHA on October 09, 2023, 08:22:10 AM
Bitcoin halving is certainly one of those things you will hear about immediately you get into bitcoin. This event not only represent the halving of the reward for mining a block but also represents the fact that bitcoin has come from a long way all the way from been a reward of 50 bitcoin per block mined to where we now (6.25 bitcoin). The event also signifies the future of bitcoin because as more halving period comes the closer we are to having almost all bitcoin mined which signals bitcoin scarcity. It is this scarcity that causes FOMO which usually leads to a long prolong bull run in the entire cryptocurrency ecosystem.

There are many topics you can come across on the forum itself to help prepare one for the halving approaching. A thread here by 1miau (https://bitcointalk.org/index.php?topic=5448086.msg62058692#msg62058692) contains recent discussions of how the halving periods seems like for newbies


Title: Re: What to know about Bitcoin Halving
Post by: Poker Player on October 09, 2023, 08:38:35 AM
I don't think reddit's answer is that interesting, as he could have simply explained it as it is, and not resort to the analogy of apples, which is also incorrect, because as a comment says with which I completely agree:

Quote
The flaw in your explanation is that apples are consumed and bitcoins are not.

Lower production of apples leads to lower supply and higher prices because apples are consumed. In contrast, the supply of bitcoins continues to increase despite lower production. After the halving, people will be "fighting" for more bitcoins, not fewer.

I think using gold as the example instead would be more meaningful because gold also is not consumed.

On the other hand, I agree with your explanation of the speculative bubbles we see.

I, and I think most of us on the forum, understood what a halving was when we were learning about Bitcoin without resorting to analogies.



Title: Re: What to know about Bitcoin Halving
Post by: Bananington on October 09, 2023, 09:01:04 AM
Any Bitcointalk member or Bitcoin investor or Bitcoin enthusiast fully understands what the halving means to them because it is still the process of perfecting the idea of BTC.
21million BTC is what's expected to be final amount of BTC mined and until this is achieved, the halving serves to balance this estimated calculation quarterly as it has done since its launch in 2017.
New initiatives will emerge during the time the halving happens and the bull season will be expected from 3-6months after the halving.

Some say it's okay to DCA until a period after the halving, others are hoping to acquire BTC then, while the wise traders who have witnessed other previous halving events and learnt how to take advantage of it, will do so gladly and make their profits.


Title: Re: What to know about Bitcoin Halving
Post by: benalexis12 on October 09, 2023, 09:44:59 AM
Since the majority of people are aware that when there is a halving, the community anticipates that there will be a significant increase in the value of Bitcoin by next year, now is our chance to perform the DCA while we are waiting for the halving to occur.

Additionally, it's feasible that a bull run will occur following the halving, although this will still depend on what transpires during these timeframes. There is also a risk that, as the halving draws to a close, there will already be a significant boost to Bitcoin's market value before the bull run actually occurs.


Title: Re: What to know about Bitcoin Halving
Post by: BlackHatCoiner on October 09, 2023, 10:06:53 AM
Here's something important to know about the halving: don't take price predictions seriously! I mean, check it out. Everyone's somehow under the impression it will skyrocket a couple of months after the halving. Nobody knows what will happen.

I don't think reddit's answer is that interesting, as he could have simply explained it as it is, and not resort to the analogy of apples, which is also incorrect, because as a comment says with which I completely agree:

Quote
The flaw in your explanation is that apples are consumed and bitcoins are not.

Lower production of apples leads to lower supply and higher prices because apples are consumed. In contrast, the supply of bitcoins continues to increase despite lower production. After the halving, people will be "fighting" for more bitcoins, not fewer.

I think using gold as the example instead would be more meaningful because gold also is not consumed.

On the other hand, I agree with your explanation of the speculative bubbles we see.
Here's the thing. What defines the price isn't the total bitcoin, but the total bitcoin in circulation. There are thousands of bitcoin which are lost, but they exist as quantities. But, these aren't counted when defining the value, because there is no person offering to selling them in the market. So, indeed, bitcoin is not consumed as apples, but if the block reward gets less and less, there are less bitcoin that enter the circulation by miners. (Overtime, most bitcoin ends up in hodlers' wallets)


Title: Re: What to know about Bitcoin Halving
Post by: Gladitorcomeback on October 09, 2023, 10:15:13 AM
I read full article, Writer tried to explain halving with example of apples. Halving is not a complex term and it could be easily understandable. Two economics law  "Law of supply"  and "law of demand" is enough to understand it. We know that Bitcoin supply is limited (21 million coin) and every halving will close btc to its maximum supply. after btc halving new Bitcoin production rate decrease 50% while demand is increasing so increase in price happens after every halving. Fomo trigger among investor, media coverage spread awareness and past history play  an important role in the price surge.

However I would like to share Cz Binance says regarding btc halving
Quote
The day after the halving, the bitcoin price won’t double overnight. And people will be asking why it didn’t.
The year after the halving, bitcoin price hits multiple ATH (all time highs). And people ask why. People have short memories.
Source (https://www.binance.com/en/feed/post/1286229)


Title: Re: What to know about Bitcoin Halving
Post by: Sayeds56 on October 09, 2023, 10:18:36 AM
How is everyone doing? So I stumbled upon a very interesting topic where the user was asking about halving in Bitcoin beginners. The response to that question was so interesting so I thought of sharing it here. Because I believe this answer would clear a lot of newbies and some that don't know about what would happen to Bitcoin during or after halving. I really hope this helps so many people


Traditionally, Bitcoin halving events occur every four years, and as a result Bitcoin reward is reduced for its miners. The next Bitcoin halving event is likely to take place from six to seven months from now. It is important to note that, there are various factors those can influence the  exact timing of halving event including hash rate and difficulty of mining. The Bitcoin community is generally very optimistic anout the next halving, as historically these events have been historically associated with significant price hikes. Hopefully, Bitcoin will break its previous all time high (ATH) of around $69,000, and new ATH will be established.


Title: Re: What to know about Bitcoin Halving
Post by: Synchronice on October 09, 2023, 10:39:03 AM
Here's something important to know about the halving: don't take price predictions seriously! I mean, check it out. Everyone's somehow under the impression it will skyrocket a couple of months after the halving. Nobody knows what will happen.
I think that price predictions are there for a reason. It won't turn into one million dollars overnight but the trend is, when halving happens, price increases and there are many reasons why that happens, I say that from my personal research and conclusion. I would say that it's still purely my speculation, can't claim that it's 100% what happens.

  • Bitcoin halving means that mining reward decreases by 50% while mining difficulty remains the same. So, miners lose 50% of gross profit. Logically, some miners should leave the game and difficulty should decrease in order to have profitable mining but seems that doesn't happen, people prefer to mine even if they lose money. But here is the thing, big mining pools and companies probably prefer to hold coins and don't sell them to exchanges until price rises enough to make mining profitable again.
  • Bitcoin halving happens once every four years, so, this is definitely a thing that attracts everyone's attention, including news media and people who actively post in social medias. At the same time, such an increased interest in bitcoin pushes businesses to adopt it because they see that competitors are actively building their businesses around bitcoin and with the increasing number of bitcoin users, are becoming competitors of fiat analogue businesses.


Title: Re: What to know about Bitcoin Halving
Post by: Upgrade00 on October 09, 2023, 10:49:56 AM
Because I believe this answer would clear a lot of newbies and some that don't know about what would happen to Bitcoin during or after halving. I really hope this helps so many people
During the halving the protocol changes reducing the amount of Bitcoin being pushed into circulation by half for the next 210,000 blocks before it will be cut in half again. Bitcoin does not change, it just functions as it was designed to. It is the market that changes.

No one knows what will happen to the market after the halving. Using past events we all expect a price increase within 1-2 years of the halving. There is no guarantee of this or to what extent the increase can be, but there's a strong possibility it will happen due to market forces of demand and supply coming into play.

The analogy the author fails to factor in that all other bitcoins produced are still in circulation (those not lost yet) forming the supply. And he gave price expectations going as high as $270k. Newbies lick up predictions like this and go into fomo mode.


Title: Re: What to know about Bitcoin Halving
Post by: BigBos on October 09, 2023, 11:00:38 AM
There is nothing hard to know about bitcoin halving. It occurs after every 210000 block has been mined. The next halving will occur after block 840000 has been mined which is estimated to be in April 2024.

After halving, people fomo and buy bitcoin which may likely still happen after 2024 halving. Months after halving, the price of bitcoin will increase as more people invested in it and as more money is invested on it.

Edit:
After halving, bitcoin mining reward will halve. The reward is 6.25 BTC right now. It will halved and become 3.125 BTC.
In my opinion, the concept of block mining is still high enough for beginners to understand. Maybe we can look for other examples with things that are common or often encountered regarding how important Bitcoin's value will be during the halving. For example, providing a comparison of Bitcoin price movements every time it touches ATH. Because that way beginners will be more interested. When it comes to convincing novice investors we are always faced with basic questions. So taking concrete examples will be a solution to provide understanding more quickly.


Title: Re: What to know about Bitcoin Halving
Post by: jasonjm on October 09, 2023, 11:05:40 AM
There are only a few things to learn when it comes to BTC halving;

> Mining reward will halve (For example, Mining reward before halving: 2 BTC, Mining reward after Halving: 1 BTC)
> BTC pumped and touched new ATH after halving
> 4th Havling coming in April 2024
> Halving will continue until 2140


If you want to learn more about the halving and in-depth analysis, please consult the following links;

https://www.investopedia.com/bitcoin-halving-4843769
https://cointelegraph.com/learn/bitcoin-halving-how-does-the-halving-cycle-work-and-why-does-it-matter
https://www.forbes.com/uk/advisor/investing/cryptocurrency/bitcoin-halving/


Title: Re: What to know about Bitcoin Halving
Post by: Best-mary on October 09, 2023, 12:15:20 PM
There is nothing hard to know about bitcoin halving. It occurs after every 210000 block has been mined. The next halving will occur after block 840000 has been mined which is estimated to be in April 2024.

After halving, people fomo and buy bitcoin which may likely still happen after 2024 halving. Months after halving, the price of bitcoin will increase as more people invested in it and as more money is invested on it.

Edit:
After halving, bitcoin mining reward will halve. The reward is 6.25 BTC right now. It will be halved and become 3.125 BTC.
In my opinion, the concept of block mining is still high enough for beginners to understand. Maybe we can look for other examples with things that are common or often encountered regarding how important Bitcoin's value will be during the halving. For example, providing a comparison of Bitcoin price movements every time it touches ATH. Because that way beginners will be more interested. When it comes to convincing novice investors we are always faced with basic questions. So taking concrete examples will be a solution to provide understanding more quickly.

Exactly! This is what I had in mind. The way we understand Bitcoin might not be the same way others particularly those newly into crypto would understand it.

Let's talk about trading for instance. When someone new wants to trade we tend to tell them to start with Spot trading to understand the basics of trading. All of them still consist of buy and sell or we either tell them to use Copy trading. Major exchanges do have good traders for that. Little things like this would help those eager to learn to understand the foundation before diving into it


Title: Re: What to know about Bitcoin Halving
Post by: Learn Bitcoin on October 09, 2023, 12:38:16 PM
I appreciate that you thought about the forum people and wanted to help them by sharing the knowledge you found on other platforms. But what I can tell you is that this forum already has better information than Reddit threads. Some knowledgeable users can answer better than others. The problem for Reddit users is we don't know if they have any reputation or not. I do not understand the reputation system of Reddit. In comparison, I know which users' answers I can trust and which users' answers cannot. Anyways, it's basic information that the block reward will be divided into after the halving event.


Title: Re: What to know about Bitcoin Halving
Post by: kingvirtus09 on October 09, 2023, 01:10:49 PM
When I discovered that the Bitcoin halving was appropriate for what I was doing at the time, I had already started building up the potential cryptocurrency I had seen when it coincided with a rise in Bitcoin's market price. So, a few months back, I was completing the DCA.

As a result, it is certain that the altcoins will follow Bitcoin's movement during the future halving, knowing that Bitcoin's value price has increased on its own day. Additionally, I believe that this time it would be very difficult for the holders to increase their funds.


Title: Re: What to know about Bitcoin Halving
Post by: Ndabagi01 on October 09, 2023, 01:54:57 PM
When many people first heard about bitcoin and the principles of bitcoin, it is highly probable that the person telling you about it or where you went to explore it talked about bitcoin halving. Because of the consequence that occurs with the event of halving, bitcoin halving has become a household name in the bitcoin community.

That is when miner’s payouts are halved and bitcoin holder’s portfolios are boosted by the latter action of bitcoin halving, which normally results in a bull run. One unique aspect of the halving is that it causes not only bitcoin but also alt coins to rise in price at the same time. This is not a recommendation to invest in altcoins, not all of them will survive the market volatility when the time comes.


Title: Re: What to know about Bitcoin Halving
Post by: sheenshane on October 09, 2023, 02:02:17 PM
I tend to agree with the comment there, it's a wrong comparison of an apple.

We've also an interesting topic here regarding Bitcoin halving not only on Reddit.
Besides, there are too many articles now that you can read regarding halving and it's explained well. (example (https://cointelegraph.com/learn/bitcoin-halving-how-does-the-halving-cycle-work-and-why-does-it-matter))

The price was expected to grow after halving but still, there's no accurate time frame when it will happen.
Based on previous results, it occurs 6 months to one year because the all-time high will come.


Title: Re: What to know about Bitcoin Halving
Post by: Doan9269 on October 09, 2023, 02:29:27 PM
How is everyone doing? So I stumbled upon a very interesting topic where the user was asking about halving in Bitcoin beginners. The response to that question was so interesting so I thought of sharing it here. Because I believe this answer would clear a lot of newbies and some that don't know about what would happen to Bitcoin during or after halving. I really hope this helps so many people

This is not the first time that there have been discussions on bitcoin halving, alot have already said, bitcoin Halving is believed to occur every four years interval, we are expecting next year to be the next time for another occasions of such experience which always follow by bullrun and then the market go more favourable on bitcoin investors, part of the excitement is the provision for that awaited avenue to be profitable over one's bitcoin investment, there's alot that had already been talked about on halving which have been to every investors advantage and benefits.


Title: Re: What to know about Bitcoin Halving
Post by: CryptoGirl_200x on October 09, 2023, 04:03:50 PM
How is everyone doing? So I stumbled upon a very interesting topic where the user was asking about halving in Bitcoin beginners. The response to that question was so interesting so I thought of sharing it here. Because I believe this answer would clear a lot of newbies and some that don't know about what would happen to Bitcoin during or after halving. I really hope this helps so many people

https://www.reddit.com/r/BitcoinBeginners/comments/173epdp/what_happens_to_the_price_of_bitcoin_during/k42gkfw?utm_source=share&utm_medium=android_app&utm_name=androidcss&utm_term=1&utm_content=share_button

Enjoy!
Bitcoin halving is a very popular event in this industry, and personally, I do not see any need of sharing this here since its already of the most discussed topic, both in and outside this forum, its an event and a season crypto investor looks forward to.

Charles-Tim already touched on the number aspects of the event, so there really no need going into that aspect of it, but the long and short of it is that, Bitcoin halving is an event and a season every crypto believer does and should always look forward to .


Title: Re: What to know about Bitcoin Halving
Post by: jossiel on October 09, 2023, 05:09:31 PM
Charles' explanation is more precise than of that you've shared OP because that reddit post is about the economical effect of halving.

And if you're going to get that much information about Bitcoin halving, there are plenty of it from this forum than of many sub reddits because info there are like scattered and can be found everywhere.

About the topics of halving, you can freely search it on the top right box of it to see them.


Title: Re: What to know about Bitcoin Halving
Post by: Yatsan on October 09, 2023, 05:36:58 PM
How is everyone doing? So I stumbled upon a very interesting topic where the user was asking about halving in Bitcoin beginners. The response to that question was so interesting so I thought of sharing it here. Because I believe this answer would clear a lot of newbies and some that don't know about what would happen to Bitcoin during or after halving. I really hope this helps so many people

This is not the first time that there have been discussions on bitcoin halving, alot have already said, bitcoin Halving is believed to occur every four years interval, we are expecting next year to be the next time for another occasions of such experience which always follow by bullrun and then the market go more favourable on bitcoin investors, part of the excitement is the provision for that awaited avenue to be profitable over one's bitcoin investment, there's alot that had already been talked about on halving which have been to every investors advantage and benefits.

Halving becomes a big deal for people in this industry due to expectations. It’ll all boil down to assumptions of new ATH possibility and there’s nothing really wrong with that. More investors are expected as well to enter this market by that time but those who won’t know what is really happening, are more likely ones who would suffer. Not because halving occurs, it will already mean instant market price increase in a dramatic way. Eveything needs time and if we would base on the charts from previous halvings, then we can draw conclusion that ATHs were reached after a year since its occurence.There were also halving which dis not make that much of impact in this industry so better be careful still with your assumptions.Would be better to invest early as long as you can endure sudden market price changes.


Title: Re: What to know about Bitcoin Halving
Post by: Z-tight on October 09, 2023, 05:39:10 PM
Because I believe this answer would clear a lot of newbies and some that don't know about what would happen to Bitcoin during or after halving.
The only thing we're sure that will happen to BTC during the halving s that the BTC block reward is going to be halved, therefore reducing the supply of BTC's, every other thing like the price pumping and BTC going to 100k and more is just speculation, we are not sure of it happening, though when supply is reduced and with the chances of demand increasing around the halving period, it is very possible that the price of BTC is going to pump very high.

Don't swallow every prediction you see of BTC online, so many people are just pulling numbers out of a hat, we cannot know for sure how high it is going to go or how low it can go too, we can only wait and find out for ourselves.


Title: Re: What to know about Bitcoin Halving
Post by: Best-mary on October 09, 2023, 10:25:24 PM

When I discovered that the Bitcoin halving was appropriate for what I was doing at the time, I had already started building up the potential cryptocurrency I had seen when it coincided with a rise in Bitcoin's market price. So, a few months back, I was completing the DCA.

As a result, it is certain that the altcoins will follow Bitcoin's movement during the future halving, knowing that Bitcoin's value price has increased on its own day. Additionally, I believe that this time it would be very difficult for the holders to increase their funds.

Definitely! Already down with dual investment just like the DCA, it gets the low automatically. Let's keep hoping to see where price will lead by next year


Title: Re: What to know about Bitcoin Halving
Post by: GreatArkansas on October 09, 2023, 10:49:02 PM
How is everyone doing? So I stumbled upon a very interesting topic where the user was asking about halving in Bitcoin beginners. The response to that question was so interesting so I thought of sharing it here.
(....)
I think OP you know how to check charts right now, even if you just view it from the history.
Just check the price of Bitcoin on every block halving in the past, you will see how the price is reacting on every "before" of Bitcoin block halving.

Check more info about bitcoin block halving here: https://www.bitcoinblockhalf.com/

https://www.bitcoinblockhalf.com/images/bitcoin-halving-chart.png



Title: Re: What to know about Bitcoin Halving
Post by: BitDane on October 09, 2023, 11:37:07 PM
How is everyone doing? So I stumbled upon a very interesting topic where the user was asking about halving in Bitcoin beginners. The response to that question was so interesting so I thought of sharing it here. Because I believe this answer would clear a lot of newbies and some that don't know about what would happen to Bitcoin during or after halving. I really hope this helps so many people

https://www.reddit.com/r/BitcoinBeginners/comments/173epdp/what_happens_to_the_price_of_bitcoin_during/k42gkfw?utm_source=share&utm_medium=android_app&utm_name=androidcss&utm_term=1&utm_content=share_button

Enjoy!

You could have listed the most interesting answers so that we do not have to navigate outside the forum.  You already stated that you are sharing those comment, but instead you put a link of the thread.



It is already obvious to everyone that during the Bitcoin halving, the Bitcoin market become bull market because the halving is known to be the catalyst for the Bitcoin market bull run.  We are expecting and uptrend movement once the catalyst is activated and the history even told us that during the bull-run, there are series of ATH breaking events.


Title: Re: What to know about Bitcoin Halving
Post by: doomloop on October 10, 2023, 06:05:41 PM
Since the majority of people are aware that when there is a halving, the community anticipates that there will be a significant increase in the value of Bitcoin by next year, now is our chance to perform the DCA while we are waiting for the halving to occur.

Additionally, it's feasible that a bull run will occur following the halving, although this will still depend on what transpires during these timeframes. There is also a risk that, as the halving draws to a close, there will already be a significant boost to Bitcoin's market value before the bull run actually occurs.
One shouldn't DCA or invest just because there is a halving event coming up, but if one thinks that Bitcoin has potential for growth in the long term, one should do it whenever one can. Besides, there is actually no guarantee that there will be an immediate bull run after the halving, it's just that it used to happen in the past so people expect it to happen, but the market can always take its time and we as investors should always be ready for any outcome.

The biggest reason why the market goes up after or around the bull run is because people start to believe that it is about to go up and that makes them buy as much as they can aiming for higher profits and when there is high demand and high confidence among investors, the market tends to go up.


Title: Re: What to know about Bitcoin Halving
Post by: GbitG on October 10, 2023, 07:17:46 PM
Because I believe this answer would clear a lot of newbies and some that don't know about what would happen to Bitcoin during or after halving.
According to my opinion, what you want to say is to inform about the price movement of BTC during Bitcoin halving or after Bitcoin halving, so my position in this regard is that the first thing must be done during halving, which is on April 24, 2024, the miner's reward will be halved in the BTC block, which is received for processing the transaction. And that happens every 4 years. So these halving events must have had an impact on the price of BTC; the evidence is the past. Halving has happened 4 times in the history of Bitcoin, and every time we have seen a rise in the price of Bitcoin, and this time too, that will show a rise in the BTC price by breaking the ATH.

So I think only the Bitcoin halving process is necessary for newbies to learn from an educational perspective because price movement is based on speculation, and speculation should be everyone's own because BTC is a volatile thing. Further regarding Bitcoin halving, I will say that it is not mandatory for the BTC price to move like in the past during or after BTC halving. According to CZ about Bitcoin halving, "history's past doesn't predict the future in the cryptocurrency market" because there is no guarantee that there will be identical outcomes of the past pattern in the future.

But what is obligatory will happen in the Bitcoin halving; that is, the BTC block reward will be cut in half, and the obligations will not necessarily be the same as in the past in price movement.


Title: Re: What to know about Bitcoin Halving
Post by: BVeyron on October 10, 2023, 08:45:15 PM
How is everyone doing? So I stumbled upon a very interesting topic where the user was asking about halving in Bitcoin beginners. The response to that question was so interesting so I thought of sharing it here. Because I believe this answer would clear a lot of newbies and some that don't know about what would happen to Bitcoin during or after halving. I really hope this helps so many people

https://www.reddit.com/r/BitcoinBeginners/comments/173epdp/what_happens_to_the_price_of_bitcoin_during/k42gkfw?utm_source=share&utm_medium=android_app&utm_name=androidcss&utm_term=1&utm_content=share_button

Enjoy!

Halvings are significant events in cryptotrading, so its useful to understand the mechanism of halving... In general, there is a possibility of a bull run during halving, since the price of mining power reduces by half. Also, halving is the key factor in development of mining technologies, since more mining power is needed after it.


Title: Re: What to know about Bitcoin Halving
Post by: Dr.Bitcoin_Strange on October 10, 2023, 09:07:59 PM
Nothing new; several topics, like "what will happen after and before halving," have been discussed on the forum, and several ideas have been shared that newbies are already learning from. The link you provide only shows the guys post with some analogy. Say it as it is: Bitcoin halving is what it is—no big deal, nothing so hard to learn about. During halving, miners rewards are divided in half, and the halving period of Bitcoin is what gives rise to the bull market, so it's just to know that during the halving year of Bitcoin, the price doesn't go bearish like when there is a full bear season.


Title: Re: What to know about Bitcoin Halving
Post by: aoluain on October 10, 2023, 10:03:50 PM
The only and easiest explanation needed is:

The current Bitcoin mining reward per block is BTC6.25
After the halving the reward per block is reduced to.... BTC3.125


That block reward will remain until the following halving.

There is no need for analogies or comparisons, if anyone doesnt understand well then there
is a problem.



Title: Re: What to know about Bitcoin Halving
Post by: serjent05 on October 10, 2023, 10:14:46 PM
The only and easiest explanation needed is:

The current Bitcoin mining reward per block is BTC6.25
After the halving the reward per block is reduced to.... BTC3.125


That block reward will remain until the following halving.

There is no need for analogies or comparisons, if anyone doesnt understand well then there
is a problem.

The article is not about the current block reward or the next block reward, the article explains how Bitcoin increases in the market price when Bitcoin halving happens.  The article cited an example of how the cut in supply increases the Bitcoin price which I highly agree with since the market price is inversely proportional to the supply.  The lesser the supply, the higher the price of an item in the market.  I think it is more on the saturation of the Bitcoin market.


Title: Re: What to know about Bitcoin Halving
Post by: aoluain on October 11, 2023, 08:28:17 AM
The only and easiest explanation needed is:

The current Bitcoin mining reward per block is BTC6.25
After the halving the reward per block is reduced to.... BTC3.125


That block reward will remain until the following halving.

There is no need for analogies or comparisons, if anyone doesnt understand well then there
is a problem.

The article is not about the current block reward or the next block reward, the article explains how Bitcoin increases in the market price when Bitcoin halving happens.  The article cited an example of how the cut in supply increases the Bitcoin price which I highly agree with since the market price is inversely proportional to the supply.  The lesser the supply, the higher the price of an item in the market.  I think it is more on the saturation of the Bitcoin market.

Wouldnt an understanding of what exactly the halving is result in the realisation of
the affect on the price of Bitcoin when the supply is cut in half and demand increases...
without taking into consideration the speculative trading prior to and directly after the event.

The question posed by the person initially states "during the halving". Technically
the halving only lasts ~10 minutes during the mining of the first new block after that
we are in the new block reward territory.

I remember the popular question from the last halving just a few days beforehand and
just directly after the event...

"Is the halving priced in?"

"