Bitcoin Forum

Hello,

Can someone easily tell me what is the next block halving that will occur in 2016/2017 and it's impact on the price.

And I would like to know this as well :

- When will be the next block halving after the next one occurring ?

- What is the speculation about the price after the next halving occur ?

Thank you.

In short, there's a stable amount of new Bitcoins which are created everyday, this is a kind of inflation which puts downward pressure on Bitcoin's price (since many miners, well probably the vast majority of them, instantly sell them).

Block halving simply means that half of the current amount of Bitcoins will be created every day, so there's less negative impact on the price.

What an easy explaniation, thank you so much, apperciated a lot.

Another question please if you don't mind, why I see people talking about that the price will spike up to $1,000 and more ?!

What do you think ? And when will the halving occur, in 2016 ?

Thank you.

http://bitcoinclock.com


It already happened once, and the effect was positive. No guarantee about the future though.

No problem, hope you'll have fun learning about cryptocurrencies.

In my humble opinion, Bitcoin's price is still overvalued for the long term, so I very much doubt that the price could stay stable anywhere near 1000$ in the next few years. I expect the price to stay in the $100 to $300 zone until the next halving, when it will go up but not much over $500.

Well if the block reward is getting halved from 25 BTC to 12.5 BTC, it literally means there's less Bitcoins in circulation.

Which in turn means scarcity.  If Bitcoin actually becomes useful, and people want more of it in the next year or so, and there's less of it around....well you know the drill.



The ole supply and demand.

It will take many block halvings before Bitcoins actually become scarce though. Even with 12.5 Bitcoins created on average every 10 minutes, it's still very inflationary.

there is no way to know for sure when halving going to happens.
people estimate it for 2016, but might happens before or after the date they say

This.

Block halving is going to happen whenever the block number is a multiple of 210000. With an expected time of 10 minutes for a new block, you should expect to have a block halving every 4 years roughly.

But if network hashrate is continuously going up, the average block time will be lower than 10 minutes even with the difficulty adjustment, and vice versa.

Here's the block reward schedule, note that dates are only estimated:

https://en.bitcoin.it/wiki/Controlled_supply (https://en.bitcoin.it/wiki/Controlled_supply) (scroll down)

Halvings should occur roughly every 4 years. So after the 2016, the next one should be in 2020/21.

This clock can be useful in tracing the next halving:

http://bitcoinclock.com/ (http://bitcoinclock.com/)


The general hopes are that the price will rise. If so, it will likely go up before the halving.
But anything can happen really. It can increase 10-fold, but it could be increase from $20 to $200, or it could drop from $2000 to $1000.

Don't take any predictions too seriously.

In my opinion this is more less a big wish that price will skyrocket and people become rich :)

Rich in terms of what? Dollars?
You should do the following thought experiment:

What if people paid you 100000000000000 USD for 1 satoshi, would you do it?
The answer is yes, because it is a pretty good deal for toilet paper.

you can't tell the exact time when the block halving will occur and everything is an speculation. you can check bitcoinclock.com for the time but it will not be the exact time

Nobody can say. It depends on many factors. I think basic supply and demand should follow and the price should go up but to what is relative and depends on factors at the time. Bitcoins could be worth much more or much less than what they are worth now and at the time of the halving demand for them could be up or down. One thing I do know is its going to be an exciting time to see what does actually happen.

FTFY. Bitcoins are not consumed. The number of bitcoins in circulation will continue to grow despite the subsidy being halved.




"Scarce", in the economic sense, means "limited". Bitcoin is "scarce" because there will never be more than 21 million. It is true that if demand is very high then bitcoins could be hard to obtain because of their limited nature, but bitcoins are "scarce" even if the demand is very low and they are not hard to obtain.

During the time when the subsidy is 12.5 BTC, the rate of increase in the money supply will be about 4% per year.

More than half the bitcoins are already in circulation.  Block halving won't really have that much impact anymore.

It should make bitcoin more valuable because rewards go down, that is, if the demand is decent tho, otherwise its bad news due miners seeing its not worth it.