Bitcoin Forum

The bitcoin block mining reward halves every 210,000 block, the coin reward will decrease from 12.5  - 6.25 coins.
Reward  Drop ETA date : 14 may 2020,  23.00 31
Read the details at the link below.

Source: https://www.bitcoinblockhalf.com/


If wrong, then you will see forgiveness. What is your opinion?

What is the bottomline you are trying to establish through this halving information?

It's an widely known fact and the estimated time is also known to all! Bitcoin algorithm is designed to be deflationary and halving is the mechanism to achieve this! What discussion you want to have around this?

This information isn't new at all but is important to know...

Without the halving there would be unlimited coins, so, it was necessary to do it this way if we want to have a total of 21M coins. Is important to remember that some other coins like doge coin or clam coin doesn't have this feature, that way we always see a constant value on the block reward and a constant grow on the total supply.

My feeling is that it won't be that important. I think it is so widely known, that its effects have already been factored into the price and investment decisions. There may be a short term attempt to manipulate the price in one direction or another. This could be downwards, as there will be some who will use gearing to try to profit from a potential gain, and they could be squeezed out fairly easily.

Good to be reminded that the next Bitcoin rewards halving is getting near and that hopefully something great can happen with Bitcoin before, during and after this scheduled event. It is still months, so we may not yet feel any good movement in the price of Bitcoin especially so that we still have to finish the holiday season. In the past, halving usually produced some level of excitement that affected Bitcoin positively though there is no guarantee that the same thing can happen.

everyone in this forum already knows about this halving schedule, nothing great just waiting for a few months from now seeing the deterioration of the price of bitcoin which is increasingly painful at the moment is making me a headache, lol

We all agree the Halving is important and more and more people are becoming aware of it. For this 2020 halving there are some really cool countdown clocks as well. Check this list out. I love the rocket!! https://hodlhard.io/blog/the-coolest-bitcoin-halving-countdown-clock-sites (https://hodlhard.io/blog/the-coolest-bitcoin-halving-countdown-clock-sites)

In fact, everyone is waiting in a few more months. I think it's still a long time if you just see it, it's better to leave it after approaching the new halving we are looking for accurate information, usually like there is a big purchase or being pumped by traders, because if there is a halving, there will always be a sharp increase.

As we can see mining is currently stagnating or even in a slightly growth phase while prices are declining. this means that mining is getting more and more competitive and that miners will be forced to sell an increasing share of their freshly mined coins just to cover their electricity bill. This selling pressure leads to lower prices, which in turn forces miners to sell even more Bitcoins to cover their costs. that's what happened 2016 and that's also what I expect to happen again. However, It won't play out exactly the same way because people are learning, but they are not smart enough to fully take these mechanics into account.

The halving is still on track to happen in May 2020. The exact date could change or the time could be off by a few hours, depending on mining activity and difficulty.

Thanks for the information but some of us already knew it.

It might be good for newbies to become aware of current bitcoin's price situation.

If you dont know halving will make price skyrocket as the lesser coins that will become out of existence the higher the buy price will become (just like markets)

That's one of the reasons why many of us are HODLing and waiting for the next halving.

Bitcoin's price will double after passing Halving in 2020. This was already, after the previous ones. Many people think so and inspire hope that Bitcoin value will increase.