What is halving. Is it really profitable ?

[KaliLinux]

Hi All,

I want to know about what is halving and is it really profitable whoever holding BTC. Also on what basis or calculation this is been happening

By every year or Any specific day ?

I have heard from my friends that the value of BTC will increase by every halving. Please clarify here.

Thanks!!

[unamis76]

You should read this.

As for profitability in holding through a halving... Nobody can guarantee the price will rise and decline after so you can rebuy low.

[Siyas]

You should read this.

As for profitability in holding through a halving... Nobody can guarantee the price will rise.

Could you please tell me what happens on halving... I am new to BTC. Will keeping money on my account for a longer time be safe enough?

[c789]

Like the others have said, nobody knows what will happen to the price.

That being said, the law of supply and demand says that if there is less supply, the demand will increase, and therefore the price will increase. Each block reward issues 25 BTC now. After the halving, only 12.5 BTC will be released for each block. While the number of BTC in circulation will continue to increase, it will increase at half the current rate, essentially making it more scarce and therefore more in demand, and therefore a higher price should be paid for them.

BUT...as we all know from the stock market, you can have everything planned out and have nearly perfect financial statements and still the company's stock price will tank for some odd reason, logical or illogical.

The BTC price SHOULD rise, but it might not.

I still think holding BTC long-term is a good investment. That, and XMR.

[OnkelPaul]

For one thing, please learn to google, folks! It's not as if the secrets of halving have only been shared within an inner circle of enlightened bitcoin followers.

That said, its effect on existing wallets is exactly zero - one bitcoin stays one bitcoin. Only the generation of new bitcoins is reduced by half.
For the miners it means that they get half pay for the same amount of work. Since miners do their work with electric energy which must normally be paid for, this makes mining less profitable than it was before the halving. However, it is possible that the recent price hike was at least in part orchestrated by miners who want to ensure that even after halving, their mining rewards will still be valuable enough to pay for the costs.

Onkel Paul

[unamis76]

Could you please tell me what happens on halving... I am new to BTC. Will keeping money on my account for a longer time be safe enough?

The number of bitcoins generated per block is set to decrease geometrically, with a 50% reduction every 210,000 blocks, or approximately four years.

I'm sorry, but if you don't find this clear, then I'm not sure how to explain it to you. Halving -> block reward gets cut in half (from time to time).

You can keep money safely for a long or short periods of time, depending on the amount of security you have in storing your funds.

[kik1977]

Halving is one of the fundamental rules of the bitcoin protocol. It was written in the code back in 2009 that every time a miner finds a block, he is rewarded with 50 newly created bitcoin. Every 210.000 blocks this rewarded is halved. It happened once three and a half years ago. The next one will happen when block 420.000 is mined, which might happen in July, although the precise date depends on the speed of the next blocks. With block 420.000, we will enter the third reward era (12.5), after the 50 and 25 reward eras.

[KaliLinux]

Halving is one of the fundamental rules of the bitcoin protocol. It was written in the code back in 2009 that every time a miner finds a block, he is rewarded with 50 newly created bitcoin. Every 210.000 blocks this rewarded is halved. It happened once three and a half years ago. The next one will happen when block 420.000 is mined, which might happen in July, although the precise date depends on the speed of the next blocks. With block 420.000, we will enter the third reward era (12.5), after the 50 and 25 reward eras.

Yes, I have got some clear info about halving as all of you have mentioned above with some explanation. Also if i hold some BTC for long period means that should be safe based on the securities of the wallet which we hold. Am i right. Thanks much!!

[Ooiyyy]

Essentially halving could increase or decrease the current price of bitcoin.
Technically it should increase but no one can say for sure. 

[c789]

Halving is one of the fundamental rules of the bitcoin protocol. It was written in the code back in 2009 that every time a miner finds a block, he is rewarded with 50 newly created bitcoin. Every 210.000 blocks this rewarded is halved. It happened once three and a half years ago. The next one will happen when block 420.000 is mined, which might happen in July, although the precise date depends on the speed of the next blocks. With block 420.000, we will enter the third reward era (12.5), after the 50 and 25 reward eras.

Yes, I have got some clear info about halving as all of you have mentioned above with some explanation. Also if i hold some BTC for long period means that should be safe based on the securities of the wallet which we hold. Am i right. Thanks much!!

Yes, it should be safe. The keyword there is "should." The price may go down or may go up. Most of us here believe it will go up.

[Amph]

Essentially halving could increase or decrease the current price of bitcoin.
Technically it should increase but no one can say for sure.  

well the price is already increasing, so yes you can be sure for now that the halving have increased the price and not the opposite

also there was not a single halving where the price tanked ever..and the first halving was not even recognized as a important event like this

[Raimonn]

Hi All,

I want to know about what is halving and is it really profitable whoever holding BTC. Also on what basis or calculation this is been happening

By every year or Any specific day ?

I have heard from my friends that the value of BTC will increase by every halving. Please clarify here.

Thanks!!

No one knows how will affect bitcoin price, but you can see that bitcoin is increasing its value before the halving event, and most users expect higher prices after the halving.
Halving occurs every 210.000 blocks.

[readysalted89]

The last halving was on 2012-11-28

Look at Bitcoin price charts to see what happened to the price after the last halving. The price went up and it will probably go up after the next halving. It's not guaranteed to, but it's highly likely the price will go up.

[dothebeats]

Halving = reducing the amount of bitcoin rewards per block by half every 210000 blocks. Theoretically, lower available supply and higher demands mean crazy prices. It could only be profitable if you bought way below the price of bitcoin in the exact time of halving, nothing more.

[TemplarKnightUK]

The last halving was on 2012-11-28

Look at Bitcoin price charts to see what happened to the price after the last halving. The price went up and it will probably go up after the next halving. It's not guaranteed to, but it's highly likely the price will go up.

It's probably more likely that the increased price after the first halving was due to the increased publicity around the halving; it certainly was the first time I learned of it. It's incorrect to say the price "should" go up at the next halving; markets generally price in known variates, which means the current price takes account of the fixed supply of 21 million and all future halvings. I don't think it will dent the price that much. But there is a risk of a massive decline in hashpower due to the running costs, and I'm concerned about a 51% attack

[Mvaporis1961]

Halving is a event that happens every 4 years where the block reward is being divide by 2, from 25 to 12.5 so it means that the stocks will be few and the difficulty of mining bitcoin will increase. But the good thing is it is profitable especially on traders and shareholder because they buy their bitcoin for a low price and then, they will sell it for a higher price after the halving comes on the month of july.

[mirana12345]

The last halving was on 2012-11-28

Look at Bitcoin price charts to see what happened to the price after the last halving. The price went up and it will probably go up after the next halving. It's not guaranteed to, but it's highly likely the price will go up.

There's no way of knowing that. It's equally possible that the halving is factored in the current price. If you look at the price just few months ago
you can clearly see that it's already tanked for no obvious reason except the halving itself. But yeah, it will be profitable either way.

[rio3233]

I think yes, halving is really profitable. Many people speculate that the price of bitcoin will increase so high when the halving come, even the halving is not come, the bitcoin's price still high.

[shinratensei_]

Hi All,

I want to know about what is halving and is it really profitable whoever holding BTC. Also on what basis or calculation this is been happening

By every year or Any specific day ?

I have heard from my friends that the value of BTC will increase by every halving. Please clarify here.

Thanks!!

Right, Basic calculation if bitcoin price is halving you will get a more profit on next time because after halving is offset with increase the bitcoin price surpass a price before halving. It's will be a profit for bitcoin holding who buy bitcoin at the price is halving.

[jerowacik]

halving is a block reward reduction in bitcoin mining. reduction was 50%. I think halving will make bitcoin prices high. and of course if we buy bitcoin in large numbers at this time would be very beneficial.