What really happens on halving?

[kik1977]

The "real" effect of halving will only be seen in the weeks or months after block 420.000 is mined. After that, you will see the effect of the decreasing production of new bitcoins. What we are seeing now is only the increase in price due to speculation over the event. Many people are getting on board just because they heard there will be "a big profit". Expect those people run away soon together with a price decline. In the long run though, price should naturally increase due to offer/demand.

[vero]

Could you explain what really happens on halving. How one gets profit on this day. How the BTC is used on this day to see more profit. Whom should be approached to do so?

halving will give a big profit, not me who says it but everyone believes it if halving can influence the price increases.

It may or may not be as no one is sure what will halving will offer us, as its just an speculation of people that price will go higher at halving, nothing is guaranteed.

yes it's just speculation but believed by the most of bitcoin user, believe it or not? I believe in the end they are still trying to holding their coins till halving occurs.

[langedwig]

Could you explain what really happens on halving. How one gets profit on this day. How the BTC is used on this day to see more profit. Whom should be approached to do so?

You should have learned as you've already ranked as Full member this time.
you can't just be here and keep asking what you should have learned over the weeks of staying in the forum.

Halving comes from the word Half. during this halving, miners will only get half of what they usually get.
as of now they quantity they get is 25 after halving it will only be 12.5 btc.
[/quote) Thank you . The more stuff you know of something, the more you can do at ease. I required more info on halving then what I learned through out my journey in forum. I found more points in that now a days. I felt creating this topic so that all get answers to this particularly. Thanks dude...

[langedwig]

Could you explain what really happens on halving. How one gets profit on this day. How the BTC is used on this day to see more profit. Whom should be approached to do so?

halving will give a big profit, not me who says it but everyone believes it if halving can influence the price increases.

It may or may not be as no one is sure what will halving will offer us, as its just an speculation of people that price will go higher at halving, nothing is guaranteed.

yes it's just speculation but believed by the most of bitcoin user, believe it or not? I believe in the end they are still trying to holding their coins till halving occurs.

The more BTC held until having, will bring more benefit. It all falls on the miners who do not get much profit. I am finding ways to earn more BTC as quickly as possible so that would get a good profit

[Alex9813]

Halving is not the source of profit.profit is gotten form pump that happens during this event.

Now halving is the reward that miners are for mining bitcoin will get halved.If currently they are having 25,after halving they will get 12.5.

[wintermeasures]

Could you explain what really happens on halving. How one gets profit on this day. How the BTC is used on this day to see more profit. Whom should be approached to do so?

On Halving the Reward For Solving a Bitcoin Block is Halved Means it Goes Down From 25 Btc to 12.5 Btc and Then the Mining is Not Profitable and Also the Transactions Gets Slower Because of Mining Firms Quit Mining Because Of Less Probability and Now Mining Doesn't Cover Your Expenses....

[Hugroll]

Could you explain what really happens on halving. How one gets profit on this day. How the BTC is used on this day to see more profit. Whom should be approached to do so?

So it relates to how bitcoin works and how bitcoin is generated in a way. Every 10 minutes or so a block is mined and the reward for the block currently is 12.5 btc. A couple of months ago the reward used to be 25 btc, this is before the halving. The next halfing is due in about 4 years from now and when that happens the reward will go even lower down to 6.25 bitcoins.

This can be profitable because the supply of bitcoins being generated decreases, but the demand stays the same> resulting in a overall increase in price.

[xIIImaL]

Could you explain what really happens on halving. How one gets profit on this day. How the BTC is used on this day to see more profit. Whom should be approached to do so?

On Halving the Reward For Solving a Bitcoin Block is Halved Means it Goes Down From 25 Btc to 12.5 Btc and Then the Mining is Not Profitable and Also the Transactions Gets Slower Because of Mining Firms Quit Mining Because Of Less Probability and Now Mining Doesn't Cover Your Expenses....

You at Right bro. Due to that we can find supply and demand in bitcoin. Then price value of the bitcoin also will increase accordingly.

[Anemed]

Could you explain what really happens on halving. How one gets profit on this day. How the BTC is used on this day to see more profit. Whom should be approached to do so?

On Halving the Reward For Solving a Bitcoin Block is Halved Means it Goes Down From 25 Btc to 12.5 Btc and Then the Mining is Not Profitable and Also the Transactions Gets Slower Because of Mining Firms Quit Mining Because Of Less Probability and Now Mining Doesn't Cover Your Expenses....

You at Right bro. Due to that we can find supply and demand in bitcoin. Then price value of the bitcoin also will increase accordingly.

When the halving occures, the money stays at one plays. It takes time to come out. Ths demand reduces. So ghe price wpuld increase automatically. This is why all wait fot its day. Many sèe good profits. Many start trading. Can really hope in increase.

[DOGE12321]

Basically, the block reward for miners just divides in half. It doesn't have a huge impact on many Bitcoin users (other than miners), but it usually means that the price would increase which is good for Bitcoin holders. However, it isn't guaranteed that the price would jump. 

[Kotone]

Could you explain what really happens on halving. How one gets profit on this day. How the BTC is used on this day to see more profit. Whom should be approached to do so?

When they say halving the block mining will be divided for example 25 bitcoin it will become 12.5 bitcoin and it's really hard to get some bitcoin from mining but i can't really assured that because i am not a miner i am only a trader and the price of bitcoin will be expensive it self and it can be higher price in the future.

[pealr12]

Could you explain what really happens on halving. How one gets profit on this day. How the BTC is used on this day to see more profit. Whom should be approached to do so?

The answer is what you see right now.  Halving makes bitcoin price to increase slowly ,this is what happened right now after the halving started. All those people who waits for the big price and never sell  when halving started are those people who will get high profit in return.

[Digitalbitcoin]

Halving is phase of decreasing reward of blocks mined by miner. The Bitcoin block mining reward halves every 210,000 blocks. And to solve 210,000 blocks it takes 4 years.

If we see history as bitcoin launch on 2008. Since from 2008 to 2016 its already passed two halvings. As at initial stage reward prize  for solving 1 block was 50BTC, but after 1st halving prize of reward decreased by 50% and become 25BTC for 2012 to 2016. And now after second halving prize of reward is 12.5BTC. In future same strategy will be continued till mine total bitcoins of 21 billion.

[uneng]

Halving (half), when the miners blocks rewards decrease to the half. Harder to mine bitcoins when this happen.
When the difficulty increases, the btc price increases also, it becomes more valuable. It's a good fact for who already has a lot of btcs (holders).

[Techie5879]

On HALVING, the reward BTC for solving a block is halved for the miner and the Price of bitcoins are increased due to decreased supply of bitcoins.
So, the thing that you need to worry about is that on halving, the price of BTC in your wallet goes a lot high.

[odolvlobo]

... When the difficulty increases, the btc price increases also, it becomes more valuable...

The difficulty has no effect on the price.

... and the Price of bitcoins are increased due to decreased supply of bitcoins.
...

The supply does not decrease. The supply increases with every block until it reaches about 21 million and then it goes no higher.