Bitcoin Halving 2020 | Bitcoin Halving Explained

[izanagi narukami]

That's become another reason why you should hold your btc or other crypto from now.
Since 2020 is coming very soon, it's become the wise decision,right ?

Why people still afraid of crypto while it can make you earn profit more than you can imagine

[amrulshare]

in the meantime we will see more drama that will happen when bitcoin hlaving happens at that time, I hope halving 2020 is not the main thing to make bitcoin as one of the more phenomenal digital assets than before.

[Pipdips]

The way I see it is: nobody has any clue what will happen. The only thing we can do is: wait and speculate.

[dmty.0809]

This is what the bitcoin is looking forward to, after bitcoin experiences halving, the potential price will definitely increase and the price of bitcoin will be worth expensive. So be prepared for next year.

[odolvlobo]

Logically, the price has to increase with the halving right?

Halving basically reduces the reward to the miners. If miners are rewarded less then there can be reduction of miners due to maintanince cost and other reasons which in-turn may increase the congestion.
Also, the price increases as the supply is less and demand is more. Halving by halving the supply reduces and demand increases thus, the price hash to increase.

Those are common misunderstandings.

The number of miners does not affect the backlog of transactions because the difficulty self-adjusts every two weeks.

Halving does not halve the supply. It halves the production. The supply of bitcoins continues to rise as the total number of bitcoins approaches 21 million.

[RomanPetrush]

thanks for that info and explanation, probably we will see good bitcoin pump after in one year after halving. Seems to be true.

[kaya11]

We want this halving to take place soon, as we are also be the one benefiting from that. Only if we buy BTC at this stage on we would be able to harvest good profits later on. I guess I have the feeling that some sort of big developments will synchronize with the halving and therefor could  boost it's price. IT is just a hunch but this is what I believe.

[blockchainwriters]

The most anticipated event in entire cryptocurrency history is bitcoin halving where we can expect the growth of btc price and less congestion and less fee for bitcoin transaction

[Odonko]

Woww, with all these statics and relevant information regarding bitcoin halving I bet I would want to hold some good amount of bitcoins before this happens. I am sure Bitcoin's price would be way over $20k by then.

[gwdf1]

Actually I'm waiting for halving to take place in 2020 but I suspect the bullrun will take place a year later meaning by 2021 we will see a huge ATH like never before

We cannot know this. Anyway, Bitcoin halving happens each 4 years, and the price of the cryptocurrency goes to the Moon after it. Therefore, it will be reasonable to wait until May 2020- June of this year at least.

[Crypto5060]

If the price keeps surging from now till next year, the price of bitcoin will be worth a fortune then. Don't you think there will be some retracement along the line.

[xWolfx]

That's become another reason why you should hold your btc or other crypto from now.
Since 2020 is coming very soon, it's become the wise decision,right ?

Why people still afraid of crypto while it can make you earn profit more than you can imagine

True. Also i really like this threat because it is explaining something really important and that might convert someone who is thinking about trading into becoming a hodler instead and help a bit towards the future balance of Bitcoin.

That combined with the future adoption rate is what will make it possible. It also goes even beyond that date.

Some people are afraid of things that are good for them.

[LUCKMCFLY]

I think that the reductions in half is only a part of the reward that all the miners have according to the effort having their machines to be able to provide the service of having a good traffic in bitcoin transactions, however reaching 6.25 it may be a definitive trigger for bitcoin to reach $ 50k as many scholars have predicted and if it is added that the ETFs in their approval can be the much bigger bomb.

[Lizzylove1]

As the miners reward per block decrease, the price of bitcoin is  predicted to experience some leaps, since miners will stop to sell their bitcoin cheap. Currently, it's even difficult for a solo miner to be able to guess the next block, the mining difficulty has greatly increase, the difficulty is approximately adjusted every 2 weeks, while new block is discovered every 10mins approximately, since it's currently 12.5BTC per block, so at every 24hrs, miners go home with a total block reward of 1800BTC in 24hrs, this looks sweat but not a easy task to come buy.

[Jace Lee]

Logically, the price has to increase with the halving right?

Halving basically reduces the reward to the miners. If miners are rewarded less then there can be reduction of miners due to maintanince cost and other reasons which in-turn may increase the congestion.
Also, the price increases as the supply is less and demand is more. Halving by halving the supply reduces and demand increases thus, the price hash to increase.

Those are common misunderstandings.

The number of miners does not affect the backlog of transactions because the difficulty self-adjusts every two weeks.

Halving does not halve the supply. It halves the production. The supply of bitcoins continues to rise as the total number of bitcoins approaches 21 million.

"Reduce in supply" by this I meant the number of coins that are getting mined will be reduced. Halving is the process of 1/2 the Coins that are mined right? Or you can say that it is reduction of reward by 50%. Which indirectly means the number coins Coinbase transaction reduces exactly by half. This is why I refereed supply reduces.

I did not get you. I did not understand how that does not effect. Demand and supply balance always affects the market right? Please explain. Now I am confused.

[agatha90]

Believe that Bitcoin prices are expected to rise at the next halving event. Because halving events mean less amount of Bitcoin is left for mining, miners will fight and compete with each other as before. With transactions that take longer, if there is less supply in the market while demand remains constant, the price of Bitcoin will definitely rise high in the long run.

[Payme21]

I am anticipating the halving but I feel it will affect the market shortly afterwards but not in the long run as this market sure knows how yo recover

[Ryan Dugan]

...
Bitcoin halvings which have happened before always displayed far-reaching heights, hence the same is expected of the upcoming one.
...

The times that the price has risen dramatically do not coincide with a halving. Doesn't that indicate the price rises are unrelated to the halvings?

These facts contradict the story of the halving-induced price rises:

The price rise after the 2012 halving started about a year before the halving and ended with a bubble shortly after the halving

The rise to $1000 started six months after the 2012 halving, after a steep drop following the previous bubble. If you attribute the rise to $1000 to the halving, woulding you also attribute the fall from $200 to $70.

The price rise to $20000 started about a year before the 2016 halving and the price actually fell during the month after the halving.

You make a very good point, but we normally see a slight increase in the price about a week or two before the Halving event starts and that might be directly attributed to the media hype that are built before the event happens.

I think people give more credit than credit are due for this event having a significant impact on the price. The impact is much smaller and it only last about 2 or 3 weeks.  

Logically, the price has to increase with the halving right?

Halving basically reduces the reward to the miners. If miners are rewarded less then there can be reduction of miners due to maintanince cost and other reasons which in-turn may increase the congestion.

Also, the price increases as the supply is less and demand is more. Halving by halving the supply reduces and demand increases thus, the price hash to increase.

This is as per my understanding. Please do explain if you have other side of looking into the halving.

It should do yes. It is strange how crypto goes though, what you think is sure to happen just doesn't. I am afraid not everyone is as logical as you and I. Predicting how these people influence the market is like a wild card honestly. I am trying to collect as much bitcoin as I can before the halving. I kinda wish the hlaving was held back since I want to build up my bitcoin stock ^^

[bloodyvio]

i hope halving in the next year will have the same bullrun impact as the previous two periods halving
because the supply of bitcoin circulating every day will decrease and i think this will definitely have an impact on the price of bitcoin

[Micerker]

Halving the amount of Bitcoin through mining is one of the most important events. Mining becomes difficult, and this will positively impact Bitcoin. The total bitcoin supply is getting more and more early, making it increasingly difficult for Bitcoin to exploit, so it has led to higher Bitcoin prices, and the Bitcoin Halving event has also had a significant impact on Bitcoin prices.