Bitcoin Brazil (OP)
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June 13, 2016, 05:13:03 PM |
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Hello everyone I want to make this as short as possible but here we go...
I heard about bitcoin in 2014 when the price was around 380-400 dollars, I always wanted to buy one but i forgot about it and now again I still wanted to buy one...
Anyways, I did buy one at around 550 dollars. I see that it is going up day by day and I do believe it could reach around 1000.
My plan is to keep it, and start getting more and more..
But my question is, what is this 'halving' everyone is talking about, could someone explain for me please?
Thanks so much
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achow101
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June 13, 2016, 05:18:04 PM |
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But my question is, what is this 'halving' everyone is talking about, could someone explain for me please?
Bitcoin blocks generate some number of Bitcoin as a reward to the miner who found the block. The reward started at 50 BTC per block. Every 210000 blocks, that reward will halve. It has already halved once to 25 BTC per block. The next halving is coming up soon where the block reward will halve to 12.5 BTC per block. |
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NeuroticFish
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Looking for campaign manager? Contact icopress!
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June 13, 2016, 05:23:56 PM |
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When the halving will happen, the miners will earn less for each block (12.5BTC = half of 25BTC). This should (but not 100% it will) make the BTC rise. And the current rise of the price may be related to the halving, which is about to come in some ~4 weeks or so.
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Bitcoin Brazil (OP)
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June 13, 2016, 05:38:53 PM |
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But my question is, what is this 'halving' everyone is talking about, could someone explain for me please?
Bitcoin blocks generate some number of Bitcoin as a reward to the miner who found the block. The reward started at 50 BTC per block. Every 210000 blocks, that reward will halve. It has already halved once to 25 BTC per block. The next halving is coming up soon where the block reward will halve to 12.5 BTC per block. Oh okay, thanks for the explanation! At first I thought the halving would make the price of the bitcoin go down |
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Bitcoin Brazil (OP)
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June 13, 2016, 05:46:29 PM |
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When the halving will happen, the miners will earn less for each block (12.5BTC = half of 25BTC). This should (but not 100% it will) make the BTC rise. And the current rise of the price may be related to the halving, which is about to come in some ~4 weeks or so.
Alright.. So in other words, it would be wise to sell after the halving? (Initially I don't plan to sell, since I believe bitcoin will keep growing and growing.. here in Brazil more and more people are interested and planning to buy BTC) |
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achow101
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June 13, 2016, 06:01:12 PM |
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When the halving will happen, the miners will earn less for each block (12.5BTC = half of 25BTC). This should (but not 100% it will) make the BTC rise. And the current rise of the price may be related to the halving, which is about to come in some ~4 weeks or so.
Alright.. So in other words, it would be wise to sell after the halving? (Initially I don't plan to sell, since I believe bitcoin will keep growing and growing.. here in Brazil more and more people are interested and planning to buy BTC) Not necessarily. No one knows what the price will be after the halving. Anyone saying that the price will be something is just speculating. It is impossible to know the future and Bitcoin's price is not guaranteed to go up nor go down after the halving. You can buy and sell whenever you feel comfortable doing so. |
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crairezx20
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June 13, 2016, 06:02:24 PM |
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Halving means half if bitcoin block rewards is halving done in july the supply must decrease.. so the price will increase because of demand and supply more buyers and low supply will be cause to high price.. thats why we are seeing more people are buy bitcoins because of block halving..
The default block rewards is 25 btc after block halving it will 12.5 btc that miner can get in per block..
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avatar_kiyoshi
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June 14, 2016, 05:28:02 AM |
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It's about controlled supply: https://en.bitcoin.it/wiki/Controlled_supplyEvery 4 years the supply will decreased. And if there are a huge demand, the price will increase, because supply < demand = price increase. |
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Sled
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June 14, 2016, 05:31:24 AM |
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Halving is one of the important event where the block reward is being divided into 2 and halving is also causing for making the stocks fewer than before and many users said that it's one of the best time to sell your coins.
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Cyaren
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June 14, 2016, 07:40:54 AM |
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Hello everyone I want to make this as short as possible but here we go...
I heard about bitcoin in 2014 when the price was around 380-400 dollars, I always wanted to buy one but i forgot about it and now again I still wanted to buy one...
Anyways, I did buy one at around 550 dollars. I see that it is going up day by day and I do believe it could reach around 1000.
My plan is to keep it, and start getting more and more..
But my question is, what is this 'halving' everyone is talking about, could someone explain for me please?
Thanks so much
Well, the halving is basically the halving of the block reward for each miner across the bitcoin network, and it's a regular event that is going to happen every 21 million blocks. This current bullishness can probably be associated with the upcoming halving as well. |
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Sharky444
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June 14, 2016, 10:42:28 AM
Last edit: June 15, 2016, 11:35:00 AM by Sharky444 |
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Halving means the BTC reward for calculating a block will cut in half. This is the reason why BTC is increasing right now.
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DoublerHunter
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June 15, 2016, 08:10:26 AM |
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Halving is happening every 4 years and it causes for halving the block reward which means stocks of bitcoin will be fewer and halving is one the best part of this year because many users expecting for a price increase up to 200%.
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Pursuer
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Where is my ring of blades...
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June 15, 2016, 08:44:01 AM |
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But my question is, what is this 'halving' everyone is talking about, could someone explain for me please?
Bitcoin blocks generate some number of Bitcoin as a reward to the miner who found the block. The reward started at 50 BTC per block. Every 210000 blocks, that reward will halve. It has already halved once to 25 BTC per block. The next halving is coming up soon where the block reward will halve to 12.5 BTC per block. Oh okay, thanks for the explanation! At first I thought the halving would make the price of the bitcoin go down I think it is safe to say that halving has some kind of an indirect effect on bitcoin price. first is the obvious effect that you can already see all over this forum and any other social media that is related to bitcoin. it is the Hype. which means many people believe bitcoin price will go up because of the halving, so they will buy. other reason which may not be mentioned as much is the fact that come from what halving really is. as knightdk explained, the reward of mining a block will be half after halving. so this means every day fewer coins will be created (half of what it is right now) so in other words this is less supply (less dump on the market) which can increase the price if the demand stays the same. |
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Cashsyur
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June 15, 2016, 08:46:14 AM |
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google is your friend, im sure you will get more "simple and expert" introducing about halving at google.
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DoublerHunter
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June 16, 2016, 07:05:29 AM |
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google is your friend, im sure you will get more "simple and expert" introducing about halving at google.
Why are you here and What is the purpose of this forum if you will not use it to answer your question?. |
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