Bitcoin Halving 2020 | Bitcoin Halving Explained

[sandra_x]

Just about a year from now,I believe the price will spike as run up to the halving,hopefully the price will be good enough so as not to put off too many miners off the mining rigs.There is already just a small margin in profit with the12.5 btc block reward,6.25 can be a huge blow

[killat]

Altcoins have halvings,  too. The problem is that mining Bitcoin became extremely difficult nowadays,  at least for small miners.
Instead of mining BTC, why don't you look into Altcoin mining? With GPU's

It's not profitable right out the bat. But within 6 months I think you'd break even.
But the problem is, you will have to do alot of research of what hardware to buy and how to get the rig up and setting.

There is alot of work involved but it's not too technical. You can learn from the ground up. Don't worry about overclocking and stuff like that.

[Lucius]

There is already just a small margin in profit with the12.5 btc block reward,6.25 can be a huge blow

Any crypto miner who work without profit will stop with mining, but I doubt those greatest miners have such problems, especially as regards China. Some reports say that even with $3000 per BTC, miners can get some profit, with today price some miners can get around $5000 per BTC which is certainly not a small amount of money.

So with next halving reward per block will be reduced by half, but price of BTC should also go up. It should not be forgotten either that miners get extra profit from fees, and that they are not forced to sell all mined coins, but only what is needed to cover the costs of mining.

[K21000]

I think the 2020 block halving as already been priced in. If anything i think the price will either go sideways or downwards. That is what has always happened after bitcoin block halving's have taken place in the past.

Block halving's so far:

1st Block Halving 2012 : Price $12 (November 2012) 

2nd Block Halving 2016: Price $600 (July 2016)

Highest bitcoin prices per year:

2009 - 1BTC = 1BTC

2010 - 1BTC = $0.30

2011 - 1BTC = $32

2012 - 1BTC = $13

2013 - 1BTC = $1000

2014 - 1BTC = $600

2015 - 1BTC = $250

2016 - 1BTC = $1000

2017 - 1BTC = $20000

2018 - 1BTC = $15000

[odolvlobo]

"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.

Keep in mind that bitcoins are not consumed. The halving reduces the rate at which coins are mined, but that is not the "supply". That is the "production". Even though the production is halved, the supply continues to increase until the total number of coins reaches 21 million.

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.

Transactions won't take longer and the supply in the market will continue to increase before and after the halving.

[javainn]

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

many predictions say if 2020 will be a surprise moment for bitcoin, now bitcoin will still continue to experience price increases and that will definitely happen. so having bitcoin from now on is a good thing right

[oseikuf44]

Bitcoin halving in 2020 will by that time enable Bitcoin to skyrocket to its all time high of 20,000 USD and over. But the problem is if the halving reduces  reward miners obtain, then it will discourage miners from spending energy and resources to do so.

[sarabanda]

German bank predicts BTC at $90,000 after next halving 

https://news.bitcoin.com/german-bank-predicts-btc-at-90000-after-next-halving/

[jarhed]

Bitcoin halving in 2020 will by that time enable Bitcoin to skyrocket to its all time high of 20,000 USD and over. But the problem is if the halving reduces  reward miners obtain, then it will discourage miners from spending energy and resources to do so.

I don’t even understand how in 6 months Bitcoin will fly up to the mark of 20,000 dollars? I do not believe in such a strong price increase. I think that Bitcoin can overcome this price no sooner than in 1 year.

[Xxmodded]

Waiting for bitcoin halving in 2020 will higher or not, many investor have prediction with bitcoin price going up at halving on 2020 but looking for bitcoin price now look less chance to get bitcoin in 2020 become higher price, but everything never impossible with bitcoin price because suddenly could on higher price and lower.

[adroitful_one]

Just because there is a halving does not mean the price is going to skyrocket. Yes it will make it eventually go up. I have learned from other halvings that usually after the halving happens the price decreases a little bit. It is a basic rule of investing. Buy the rumores, Sell the news. Take the LTC halving that just happened everyone was upset because the day the halving happened the price decreased noone could understand why.  The reason being is a coin will pump up until the big news then everyone tries to sell in the highs. Causing each sell order to be a little less then the last.

The price will increase the month or so leading to the halving but then expect a slight decrease for a month or so!

[Reosta_]

Every four years after mining of 210,000 blocks, the Bitcoin halving event takes place, wherein the number of BTC generated rewards to the miners will be halved, i.e, divide the current one by 2, which basically will reduce from 12.5 to 6.25 BTC. Bitcoin halvings which have happened before always displayed far-reaching heights, hence the same is expected of the upcoming one.

To put it simply, the miners add new blocks of information to a database known as “public ledger”, wherein they get rewarded for their efforts to maintain and monitor the network of transactions. The miners would rely on fees as the BTC block reward decreases, as that helps them with the incentive for verification of transactions. The miners are the ones who would get mostly affected by Bitcoin halving event.

What is Bitcoin Halving?

Bitcoin Halving is the phenomenon by which the miner reward keep on halving, or decrease by 50% after every four years, which happens after mining 210,000 blocks. Satoshi, the creator of Bitcoin wanted to create a system that would be self-sustaining, similar to gold mining. So, in order to control supply, he came up with the method of Bitcoin halving.

Previous Bitcoin Halving Explained With Its Effect On Price:

BTC Halving in 2012
On November 28, 2012, on the production of 210,001 blocks, the mining rewards dipped from 50 BTC to 25 BTC. After a year or so, the Bitcoin price smashed to 1000 USD. As the market is ready and knows beforehand about the event, the impact on price is bound to be negligible, and hence will start applying the reduction rate to the price gradually.

BTC Halving in 2016
On July 9, 2016, the second Bitcoin halving took place, with an all-time surge of around $19,000, which reached 20,000 USD by December 2017. Before the 2016 halving, the BTC price fell as low as 200 dollars per coin and the mining reward dipped from 25 BTC to 12.5 BTC. But right after the halving took price, the price started rising exponentially.

Upcoming BTC Halving in 2020

2020 is most likely to see a similar change for the Bitcoin price, where the miner fee is going to be halved from 12.5 to 6.25. It is going to take place on May 27th, 2020. The crypto enthusiasts have participated on twitter saying they believe that the Bitcoin price will be skyrocketing during the BTC halving stage. To be precise, 61% of 2500 accounts believe that the price will soar from now until the halving, while 25% believe that the price increases will come after the halving.

What will be the impact on BitCoin Halving in 2020?

Bitcoin halving is one of the most important things the investors wait for I think. 2012 and 2016 halvings increased Bitcoin price in a huge amount. The awaited 2020 Bitcoin halving can make the price fly to at least 25k dollars I think.

[Wintersoldier]

Every four years after mining of 210,000 blocks, the Bitcoin halving event takes place, wherein the number of BTC generated rewards to the miners will be halved, i.e, divide the current one by 2, which basically will reduce from 12.5 to 6.25 BTC. Bitcoin halvings which have happened before always displayed far-reaching heights, hence the same is expected of the upcoming one.

To put it simply, the miners add new blocks of information to a database known as “public ledger”, wherein they get rewarded for their efforts to maintain and monitor the network of transactions. The miners would rely on fees as the BTC block reward decreases, as that helps them with the incentive for verification of transactions. The miners are the ones who would get mostly affected by Bitcoin halving event.

What is Bitcoin Halving?

Bitcoin Halving is the phenomenon by which the miner reward keep on halving, or decrease by 50% after every four years, which happens after mining 210,000 blocks. Satoshi, the creator of Bitcoin wanted to create a system that would be self-sustaining, similar to gold mining. So, in order to control supply, he came up with the method of Bitcoin halving.

Previous Bitcoin Halving Explained With Its Effect On Price:

BTC Halving in 2012
On November 28, 2012, on the production of 210,001 blocks, the mining rewards dipped from 50 BTC to 25 BTC. After a year or so, the Bitcoin price smashed to 1000 USD. As the market is ready and knows beforehand about the event, the impact on price is bound to be negligible, and hence will start applying the reduction rate to the price gradually.

BTC Halving in 2016
On July 9, 2016, the second Bitcoin halving took place, with an all-time surge of around $19,000, which reached 20,000 USD by December 2017. Before the 2016 halving, the BTC price fell as low as 200 dollars per coin and the mining reward dipped from 25 BTC to 12.5 BTC. But right after the halving took price, the price started rising exponentially.

Upcoming BTC Halving in 2020

2020 is most likely to see a similar change for the Bitcoin price, where the miner fee is going to be halved from 12.5 to 6.25. It is going to take place on May 27th, 2020. The crypto enthusiasts have participated on twitter saying they believe that the Bitcoin price will be skyrocketing during the BTC halving stage. To be precise, 61% of 2500 accounts believe that the price will soar from now until the halving, while 25% believe that the price increases will come after the halving.

What will be the impact on BitCoin Halving in 2020?

If the bitcoin's mining price will be halved, is there a possibilities that there would still be an entity that will be interested in mining? Because of fees, people might be discouraged to run mining systems because of high cost of power and low return of fund. In that case, there will be less and less miners in the market, poor transactions will happen, what is your opinion about it?

[yazher]

German bank predicts BTC at $90,000 after next halving 

https://news.bitcoin.com/german-bank-predicts-btc-at-90000-after-next-halving/

This is how they foresaw about the future of Bitcoins, that's why their government is one of the official supporters of bitcoins around the world. as of today, the price is far from what they speculate after halving but base on the past history of its halving, there wasn't a single time the price was fall. everytime the halving comes, the price has successfully risen in a reasonable amount. I think what the german bank predicts will have a higher percentage of becoming true If there will be no sudden change in the flow of the price starting today.

[Carlton Banks]

I don’t even understand how in 6 months Bitcoin will fly up to the mark of 20,000 dollars? I do not believe in such a strong price increase. I think that Bitcoin can overcome this price no sooner than in 1 year.

why!!!?

it's basic supply and demand. when demand outstrips supply, the price adjusts to reflect how much

Because of fees, people might be discouraged to run mining systems because of high cost of power and low return of fund. In that case, there will be less and less miners in the market, poor transactions will happen, what is your opinion about it?

my opinion is that people said that last time (both times)

they were wrong. what's different this time? (I'll give you a clue, the answer rhymes with "buffing")

[ivakar]

German bank predicts BTC at $90,000 after next halving 

https://news.bitcoin.com/german-bank-predicts-btc-at-90000-after-next-halving/

no warranty at all!!!
let's take LTC for example, it had halved recently. I was expecting to some pump before or after the halving!
but what I got? dump instead.
so why with bitcoin it could be different?!

[jarhed]

German bank predicts BTC at $90,000 after next halving 

https://news.bitcoin.com/german-bank-predicts-btc-at-90000-after-next-halving/

no warranty at all!!!
let's take LTC for example, it had halved recently. I was expecting to some pump before or after the halving!
but what I got? dump instead.
so why with bitcoin it could be different?!

Litecoin is no longer below $ 30. What guarantees do you need, even with such manipulation of Altcoin prices !? So Bitcoin will cost more than 12,000 dollars and this is already a fairly strong position!