What exactly is bitcoin halving?

[n3rvi0zz0]

Most of the bitcoins gained by miners are being converted into fiat to support the operation of the mines. Miners will want to maintain their income/cost. Therefore reward halving will results in miner seller coins at higher price in order to cover the cost and get income.

Without an increase in price after reward halving, the mining operation will become unprofitable.

It is not the miners who decide the fiat their mined BTC will fetch... it is the market. When reward halving strikes BTC, there will be less BTC offered to the market - by definition of course - this suggests all other things being equal that price will appreciate.  Also, there are many other factors that will come into play at that time - I am not so sure price will double instantly!

If price does not increase, well the less profitable miners will cease their activity until enough have quit to make it profitable again.

Let's also not forget that the aim of the BTC adoption campaign is also to have more transactions going on by that time; with increasing transaction fees paid to miners this might reduce the negative impact of reward halving!

Mining long ago stop to be profitable, bitcoin was created under different terms now big investors mine the coins and push the price down till made unprofitable another mining operations. Plus bitmain before sell the hardware they mine a month for themselves
Miners already stopped operations before December of last year, bitcoin price is controlled by the Chinese market.

with the halving the price raise up before a big fall.


they need to buy couple more of millions of coins. 

[Blue_Tiger73]

For the first four years that Bitcoin existed miners were paid 50 Bitcoins per block.  Then after those four years the amount paid to the Bitcoin miners was cut in half to 25 Bitcoins per block.  This was the so called "first halving" now after the second four years the amount paid to the miner is scheduled to be cut in half again, this time to 12.5 Bitcoins per block.  This is the second "halving".  By design the amount paid to the Bitcoin miners will be cut in half about every four years until the year 2140.

Yeah. Pretty much the miners will be paid half what they used to be paid every 4 years.

[1Referee]

For the first four years that Bitcoin existed miners were paid 50 Bitcoins per block.  Then after those four years the amount paid to the Bitcoin miners was cut in half to 25 Bitcoins per block.  This was the so called "first halving" now after the second four years the amount paid to the miner is scheduled to be cut in half again, this time to 12.5 Bitcoins per block.  This is the second "halving".  By design the amount paid to the Bitcoin miners will be cut in half about every four years until the year 2140.

Yeah. Pretty much the miners will be paid half what they used to be paid every 4 years.

The miners won't feel it as long as the price keeps rising throughout the years. We've seen the price stay at $220-$250 for such a long time, and miners didn't pull back. The price since then reached $500 which resulted in a double price, and that even before the halving.

Once the halving is completed, we'll most likely see a price of at least $500-$600 which means that the miners won't lose out on their mining rewards when they purely look at it as being worth $$$ and not BTCBTCBTC.

[btckold24]

when it does halve next summer btc to 1000 imo

[ranochigo]

For the first four years that Bitcoin existed miners were paid 50 Bitcoins per block.  Then after those four years the amount paid to the Bitcoin miners was cut in half to 25 Bitcoins per block.  This was the so called "first halving" now after the second four years the amount paid to the miner is scheduled to be cut in half again, this time to 12.5 Bitcoins per block.  This is the second "halving".  By design the amount paid to the Bitcoin miners will be cut in half about every four years until the year 2140.

Yeah. Pretty much the miners will be paid half what they used to be paid every 4 years.

The miners won't feel it as long as the price keeps rising throughout the years. We've seen the price stay at $220-$250 for such a long time, and miners didn't pull back. The price since then reached $500 which resulted in a double price, and that even before the halving.

Once the halving is completed, we'll most likely see a price of at least $500-$600 which means that the miners won't lose out on their mining rewards when they purely look at it as being worth $$$ and not BTCBTCBTC.

That depends on the demands on the market. If the demand isn't high, the pricing won't be high either. There isn't any guarantees that it would rise as mining is so profitable that some farms are actually keeping some percentage in Bitcoin. Furthermore, many farms already have ROI on their machines.