BTC halving

[Tyrantt]

Can someone explain the concept of Bitcoin halving? I've found this timer http://www.bitcoinblockhalf.com/ so what does it acctualy mean besides the halved rewards for the block? Will it affect the price of bitcoin in some way?

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[Amph]

now there is a margin for soem profit of miners, but this margin will become less due to the diff catching it and because the halving is near, this mean that the price will increase, if not by regular demand

it will increase because of miners manipulation, either way you can expect a price increase

[NorrisK]

The only change set in stone will be halving of the mining reward.

Speculators expect that the price goes up due to less coins being dumped, but this does not have to be true. Miners are still earning much more than barely breaking even now. Also, bitcoin is not only about satisfying the miners, so there is no guarantee that the price will increase.

Prior to halving there may be a nice rally. I don't expect the price to sustain the new levels after the halving though.

[Dekker3D]

The only change set in stone will be halving of the mining reward.

Speculators expect that the price goes up due to less coins being dumped, but this does not have to be true. Miners are still earning much more than barely breaking even now. Also, bitcoin is not only about satisfying the miners, so there is no guarantee that the price will increase.

Prior to halving there may be a nice rally. I don't expect the price to sustain the new levels after the halving though.

Also once everyone starts selling for profit then the price will come down again before stabilizing to a new price range and at such price, nobody knows.

[noormcs5]

Please tell me about bitcoin halving in detail

[john2231]

This is just my understanding about halving block rewards.. halving block rewards means for me the block/ or we can call a stone the will be half for every stone their crack. So the bitcoin inside from the stone is half. Thats why they call it halving block rewards...
So if the bitcoin inside the stone is 1 bitcoin so after halving ends it will turn to 0.5 bitcoin...

[crazywack]

Price is driven by speculation. So in essence the future output of Bitcoin will be a supply and demand issue. If demand increases and output decreases price should go up.

BUT other factors are at play this time compared to the last halving/ bubble. Like Hard/soft fork around the blocksize.

I tend to think another bubble will happen soon, but many say that the price is factored in this time.

[Hugroll]

Can someone explain the concept of Bitcoin halving? I've found this timer http://www.bitcoinblockhalf.com/ so what does it acctualy mean besides the halved rewards for the block? Will it affect the price of bitcoin in some way?

lets see, the current bitcoin reward per block mined is about 25 bitcoins, and after the halfing itll go to 12.5btc. so yes it will definitely affect the price of bitcoin imo. the supply is decreasing by a factor of 2.

[notlist3d]

Having scares me less after doing some math.   It scares me a little more about current difficulty changes though.  Do you know amount mined essentially already haved since Jan 13?

Feb 19 2016   163,491,654,909   13.44%   1,170,318,852 GH/s
Feb 07 2016   144,116,447,847   20.06%   1,031,625,717 GH/s
Jan 26 2016   120,033,340,651   5.89%   859,232,121 GH/s
Jan 13 2016   113,354,299,801   9.12%   811,421,684 GH/s
total      48.51%   


I had not did the math till today.  But that is a scary amount in 4 difficulty periods 48.51 percent change.   That is a LOT of change in not a ton of time.  So maybe having is not as big of deal with us going through changes like this.  Hard to say having is still pretty far away in mining terms.

[Capitascism]

So This means miners are crazy for more btcs because they expecting good price?

[CryingMidget]

Can someone explain the concept of Bitcoin halving? I've found this timer http://www.bitcoinblockhalf.com/ so what does it acctualy mean besides the halved rewards for the block? Will it affect the price of bitcoin in some way?

Halving is not big story Its just reduction of making bitcoin and mining, Due to that demand will happen in world about bitcoin then automatically bitcoin will reach to all and then price will be in that Rate. Approximately 800$ at least.

[notlist3d]

Can someone explain the concept of Bitcoin halving? I've found this timer http://www.bitcoinblockhalf.com/ so what does it acctualy mean besides the halved rewards for the block? Will it affect the price of bitcoin in some way?

Halving is not big story Its just reduction of making bitcoin and mining, Due to that demand will happen in world about bitcoin then automatically bitcoin will reach to all and then price will be in that Rate. Approximately 800$ at least.

We can't count on price to double to many variables.   I would love if we get double at having.... but it is FAR from a sure thing "Due to that demand".  Sure we might double... then again we might lose miners decide to stop whole thing goes crazy.

No one can speculate good enough to give good price at having.  It truly is a long time away in crypto currency time.

[Velkro]

Can someone explain the concept of Bitcoin halving? I've found this timer http://www.bitcoinblockhalf.com/ so what does it acctualy mean besides the halved rewards for the block? Will it affect the price of bitcoin in some way?

Of course it will, its supply and demand, basic rule, supply will decrease by half and demand will not decrease, so price MUST go up

[23dzmaz]

Can someone explain the concept of Bitcoin halving? I've found this timer http://www.bitcoinblockhalf.com/ so what does it acctualy mean besides the halved rewards for the block? Will it affect the price of bitcoin in some way?

What i know is bitcoin halving will affect the price of bitcoin. many people speculate the price of bitcoin will increase and i hope it will happen. and what happened to the bitcoin price today, is it because halving ?

[naypalm]

I remember when the first halving happened. I got drunk and forgot about it. BTC was the same price the next day.

[Karpeles]

I remember when the first halving happened. I got drunk and forgot about it. BTC was the same price the next day.

I remember some Doge and Litecoin halvings.

Some I forget about, but I remembered after I saw strange pump and dump moves that coincided with the halving time

[Kprawn]

It is all about supply and demand... Many people think the halving in the block reward, will reduce the amount of coins that will be generated and

supplied from the miners side. They will also have to sell more coins to cover their expenses and hoard less. This is basically the theory behind this and

all the speculation going around about it. Anything can still happen on the buyers side {Bad press / scandals etc.}... so a price increase in not 100%

guaranteed.

I predict a steady increase in the price, working it's way up to the halving and then a sell off just after the event, when people predict that it would be

at it's highest and the best possible time to sell.... then the price would level out again for a while.

[CoinHopper]

Can someone explain the concept of Bitcoin halving? I've found this timer http://www.bitcoinblockhalf.com/ so what does it acctualy mean besides the halved rewards for the block? Will it affect the price of bitcoin in some way?

Basically deflation, the block reward will be halved from 25 BTC to 12.5 BTC per block. Some argue that the price of BTC will rise, some think it's not necessarily going to cause a price rise.

[CryingMidget]

I remember when the first halving happened. I got drunk and forgot about it. BTC was the same price the next day.

This it will not be like that dude. It's all because demand and adaption. If you take first halving's time. There was not big demand for bitcoin that time but now situation is different.

[notlist3d]

I remember when the first halving happened. I got drunk and forgot about it. BTC was the same price the next day.

This it will not be like that dude. It's all because demand and adaption. If you take first halving's time. There was not big demand for bitcoin that time but now situation is different.

There is not that big of a difference.   Bitcoin's price is based on a open market.  Do I think they will switch price to double due to having... no not quickly.  Long term no one knows.

But it already is a free market on price your giving to much power to having.  Have you seen difficulty for miners go up? Does it mean less coins mined for normal miners (or at least coins hitting market quicker) ... yes and is it always directly reflected in price.... no.  So we have many things showing you are wrong.