What is halving bitcoin

[daringdiscovered]

Bitcoin halving event is a event that happen every 4 years,it will be the 2nd bitcoin halving event in bitcoin history.While bitcoin halving event is occurinh,blocks of bitcoin will be divided into half and making bitcoins harder to mine.This event on bitcoin can be profitable,cause bitcoin will be on demand making its price higher.But it may result to a negtive effect also.

[MWesterweele]

Bitcoin halving happens every 4 years i think.During halving blocks of bitcoin will be divided into half.Miners will not benefit in this event in bitcoin unless they already got their capital back.But in otherhand bitcoin price may rise up or down its not predictable at all but most at all like in previous halving bitcoin price rise up.

[Cybertron00]

Bitcoin halving happens every 4 years.In this halving time bitcoin blocks will be half and makes bitcoin harder to mine.It may result to 3 things.Miners will mine less and will get less profit.Second is good news for stock holders.Because bitcoin price may rocket up after or during halving event.But there still a risk of bitcoin price will go down in halving

[Mvaporis1961]

Halving bitcoin is where the block rewards of the miners will be 12.5 from 25 and it is big chance also to those bitcoin traders to buy many bitcoin as they can because they can make a lot of profit buy just relaxing and waiting until the bitcoin halving comes, Imagine if you buy you're bitcoin at $480 and you will sell it at $1200 so your profit is $720.

[salmanahmedone]

Halving bitcoin is where the block rewards of the miners will be 12.5 from 25 and it is big chance also to those bitcoin traders to buy many bitcoin as they can because they can make a lot of profit buy just relaxing and waiting until the bitcoin halving comes, Imagine if you buy you're bitcoin at $480 and you will sell it at $1200 so your profit is $720.

I believe that it will be a mix of both, I think the price will rise and the difficulty will drop but that is just me speculating.  The truth is we are in for an interesting time, I don’t even want to factor in the new bitcoin mining hardware (ASIC) that seem to be about to hit the market.

[fravia]

Same as the question

halving will halve bitcoin block reward for miners, so this means that they will get 50% less money than they did before halving, so price will probably rise so miners could still mine

because if price wouldn't rise at all then miners will have to leave their jobs as this won't be profitable anymore, small miners that have cheap electricity will mine anyway though

[bitlancr]

Bitcoin halving happens every 4 years.In this halving time bitcoin blocks will be half and makes bitcoin harder to mine.It may result to 3 things.Miners will mine less and will get less profit.Second is good news for stock holders.Because bitcoin price may rocket up after or during halving event.But there still a risk of bitcoin price will go down in halving

There is indeed a chance that the bitcoin will go down because of the halving but the chance is relative small right now.
We will see when it has been done, this cannot be predicted.

[Yamifoud]

Bitcoin halving happens every 4 years.In this halving time bitcoin blocks will be half and makes bitcoin harder to mine.It may result to 3 things.Miners will mine less and will get less profit.Second is good news for stock holders.Because bitcoin price may rocket up after or during halving event.But there still a risk of bitcoin price will go down in halving

There is indeed a chance that the bitcoin will go down because of the halving but the chance is relative small right now.
We will see when it has been done, this cannot be predicted.

I think the bitcoin whales are manipulating the market price properly. They raise the price, then let some correction happen, then raise the price again.

[benjidaimio]

Bitcoin halving event is a event that happen every 4 years,it will be the 2nd bitcoin halving event in bitcoin history.While bitcoin halving event is occurinh,blocks of bitcoin will be divided into half and making bitcoins harder to mine.This event on bitcoin can be profitable,cause bitcoin will be on demand making its price higher.But it may result to a negtive effect also.

I came to this topic to know more about Bitcoin halving, and your reply was the most understandable answer for a newbie like me Thanks!

[Jemzx00]

Same as the question

For what I've learn from others, i think it's a bitcoin event where the quantity of bitcoin being mined will be halved. So people says that bitcoin's price will rapidly increase due to a market rule where when a thing's quantity become small so it's price go up.

[kik1977]

Another intersting point about halving is that, since every 210,000 block the number of newly created bitcoins halves, by the time we reach block 6,930,000 no new bitcoins will be produced. From block 6,930,000, the profit for miners will come entirely from fees. However, even in the four years before (from block 6,720,000 to 6,929,999) the reward will be of 1 satoshi per block.

[wikenpp]

The block reward having is a very spectular event and one of the technical highlights altough the current sentiment is only on a price increase which is sad.
Normally it mean the reward is cut in half. Miners get 12.5 bitcoins per found block, instead of 25 This means the price should double for them to keep mining.

However if the price will not go up (which is also possible) miners will leave and the difficulty will go down, making it easier to solve a block. And the thus miners will start earning more bitcoins since it cost less time to solve a block. The system and how it is connected is really genius.

[dearbesz1219]

halving bitcoin is a big help to all bitcoin users..
just try to check this link for you to learn about it.
http://www.thehalvening.com/#3