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Author Topic: Bitcoin Halving: What is it?  (Read 533 times)
resty (OP)
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February 10, 2020, 04:34:21 PM
Last edit: February 11, 2020, 09:09:27 AM by resty
 #1

Just found this on facebook. Maybe we can get something from this. What are your thoughts?
Does the future of bitcoin be affected? Is this good or bad? Should we still invest in Bitcoin?

Image was not mine.
Source: Crypto Crunch App




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February 10, 2020, 05:03:33 PM
 #2

I'm suprised you still don't know about bitcoin halving since you're 3 years in this forum
In short Bitcoin halving is a block halving is a process of reducing the rate at which new cryptocurrency units are generated. More explanation on this link :
https://cointelegraph.com/explained/bitcoin-halving-explained

Does the future of bitcoin be affected? Is this good or bad? Should we still invest in Bitcoin?

It's totaly a GOOD NEWS for bitcoin, because when bitcoin block is halving, the price of bitcoin will raise up. You should buy or hold bitcoin before bitcoin halving.
Quote
To date and until May 2020 we have 12.5 Btc for block and about 1800 Btc mined every day. Then we will have:

03/01/2009 ----- 28/11/2012 ------- 50 Btc for block ------- 7200 Btc every day
28/11/2012 ----- 04/07/2016 ------- 25 Btc for block ------- 3600 Btc every day
04/07/2016 ---- 25/05/2020 ------- 12.5 Btc for block ------- 1800 Btc every day
25/05/2020 ---- May 2024 ----- 6.25 Btc for block ------- 900 Btc every day
May 2024 --- May 2028 ---- 3.125 Btc for block ------ 450 Btc every day
May 2028 --- May 2032 ---- 1.5625 Btc for Block ---- 225 Btc every day
(the dates will probably change slightly, but it's right to have a reference)

More information : https://bitcointalk.org/index.php?topic=4849889.0

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February 10, 2020, 05:07:54 PM
Merited by DdmrDdmr (1), TheBeardedBaby (1), Heisenberg_Hunter (1), gundala (1)
 #3

you'd expect something called "cryptoharvard" produces something a lot better than this that doesn't have this many mistakes! and from the first line till the last it is filled with mistakes.

"created in every 10 minutes" 10 is the average time and shouldn't even be mentioned here. "every four years" is also wrong, it is every 210000 blocks which is approximately 4 years even with 1 block per 10 min. the reality is that it takes less than that due to hashrate rises.

"a blockchain is added to a bitcoin blockchain" that sentence is wrong as a whole... a new block is added to "the" bitcoin blockchain.

"every time 210000 blocks were mined in the blockchain" blocks aren't mined "in the blockchain"
"when all 21 million coins will have been mined" is also wrong, 21 million will never be mined since some coins are already unclaimed by miners.

"in May 2020" is an approximation, not an exact date. some predict April actually.

There is a FOMO brewing...
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February 10, 2020, 05:18:03 PM
 #4

Maybe we can get something from this. What's your thoughts?
Bitcoin halving is an event that creates a huge hype in the Bitcoin market.  It also often signals the  Bitcoin Bull Market because of the rapid increase in demand for Bitcoin in the market.


Does the future of bitcoin be affected? Is this good or bad? Should we still invest in Bitcoin?

When a supply of any commodities is altered, it always affects the commodities' market.  In this case with Bitcoin halving, it means that the influx of new coins will be half thus, making it more scarce and the increase in price due to the increasing demand is highly possible.  The Bitcoin halving hype also increases its advertising power because of more people talking about it, exchanging predictions creating hype in the Bitcoin market anywhere.

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February 10, 2020, 06:05:31 PM
 #5

Just found this on facebook. Maybe we can get something from this. What's your thoughts?
Does the future of bitcoin be affected? Is this good or bad? Should we still invest in Bitcoin?

The theory is based on scarcity factor of demand supply chain! Halving means, the creation of bitcoin will be reduced by 50% at certain intervals. So you can understand what will happen when the demand stays strong but the supply is decreased. It is definitely good for bitcoin it will affect the future of bitcoin in a very positive way. If you want to know the history of bitcoin halving and how it takes place, read the article below,

https://cointelegraph.com/explained/bitcoin-halving-explained

Hope this helps!

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February 10, 2020, 06:57:45 PM
 #6

Plan B wrote a great article explaining the Stock-to-Flow ratio for Bitcoin and how the Halving affects it: https://medium.com/@100trillionUSD/modeling-bitcoins-value-with-scarcity-91fa0fc03e25
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February 10, 2020, 07:57:13 PM
Last edit: February 10, 2020, 08:52:41 PM by odolvlobo
 #7

Just found this on facebook. Maybe we can get something from this. What's your thoughts?

The grammar is poor.

It's totaly a GOOD NEWS for bitcoin, because when bitcoin block is halving, the price of bitcoin will raise up. You should buy or hold bitcoin before bitcoin halving.

That's just wishful thinking based on a misconception. There is no correlation between price and the two halvings.

The theory is based on scarcity factor of demand supply chain! Halving means, the creation of bitcoin will be reduced by 50% at certain intervals. So you can understand what will happen when the demand stays strong but the supply is decreased.

Sorry, that is a misconception. The supply is never decreased. It is continually increased until it reaches 21 million.

Plan B wrote a great article explaining the Stock-to-Flow ratio for Bitcoin and how the Halving affects it: https://medium.com/@100trillionUSD/modeling-bitcoins-value-with-scarcity-91fa0fc03e25

The flaw in the logic of that article is in the interpretation of the price vs. stock-to-flow chart.

Stock-to-flow follows a schedule, so it is based on time. So, the chart is really just price vs. time, which is just the standard price graph. In other words, the correlation viewed in the price vs. stock-to-flow chart really has nothing to do with stock-to-flow. It just shows a relatively steady logarithmic increase in price over time.

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February 10, 2020, 10:29:21 PM
 #8

That Crypto Crunch App page is bullish on bitcoin so very much it's a positive post and if you still don't what halving is, read and understand those given details, threads, and articles to you.

It's for the good of bitcoin and rewards of miners will be cut into half. This will make the demand even higher so if you're worrying about it, the past halving did result in good price of bitcoin. Wink

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February 10, 2020, 11:19:08 PM
 #9



It's totaly a GOOD NEWS for bitcoin, because when bitcoin block is halving, the price of bitcoin will raise up. You should buy or hold bitcoin before bitcoin halving.

That's just wishful thinking based on a misconception. There is no correlation between price and the two halvings.


That's what most of people were thinking. When we talk about the Bitcoin block halving, its almost automatic for them to think that it correlates the prices in the market.
When infact, its only the trend that makes a positive impact during and after the halving.



It's for the good of bitcoin and rewards of miners will be cut into half. This will make the demand even higher so if you're worrying about it, the past halving did result in good price of bitcoin. Wink

But I guess it's not really that good for the miners because  blocking halving means not just the rewards will be cut into half again, but also means upgrading their hardware. Imagine the expense if you have a mining farm.

R


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February 10, 2020, 11:52:07 PM
 #10

It's for the good of bitcoin and rewards of miners will be cut into half. This will make the demand even higher so if you're worrying about it, the past halving did result in good price of bitcoin. Wink

But I guess it's not really that good for the miners because  blocking halving means not just the rewards will be cut into half again, but also means upgrading their hardware. Imagine the expense if you have a mining farm.
Well, it's true and that worries the others but those dedicated miners will continue to help the network in return of the rewards even though the difficulty keeps increasing.

The mining farms that have invested a large capital won't let their farms to shut down because of that. They will keep themselves on the trend unless they can't keep and take the expenses anymore.

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February 11, 2020, 07:48:58 AM
 #11

I am looking best answer could explain what is bitcoin halving, what feature of bitcoin halving and why many investor waiting for with bitcoin halving time, what happen usually when halving time of bitcoin, will touch on higher price or bitcoin increase with limited supply volume transaction on the exchange or market.
I hope you do not read the OP's post, because that is just to gain attention but does not explain the thing properly.

The miners get rewarded for the blocks they mine called the block subsidy. Every few years the block subsidy is "halved" and this is known as halving.

The idea behind this is that with every halving the amount that is dumped over by the miners on the open market is reduced thereby reducing the chances that they can generate huge dumps keeping the economy of bitcoin stable when compared to the demand or buying pressure.

Now everyone looks forward to the halving as a bullish event. Personally I have seen too much speculation about this and it can be both a bullish or a bearish event.

Main point is that if you are looking to sell, do so and the buy back at lower price. Forget about the halving but be cautious to not trade in the few weeks before and after the halving.

R


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February 11, 2020, 01:44:57 PM
 #12

I am looking best answer could explain what is bitcoin halving, what feature of bitcoin halving and why many investor waiting for with bitcoin halving time, what happen usually when halving time of bitcoin, will touch on higher price or bitcoin increase with limited supply volume transaction on the exchange or market.
I hope you do not read the OP's post, because that is just to gain attention but does not explain the thing properly.

The miners get rewarded for the blocks they mine called the block subsidy. Every few years the block subsidy is "halved" and this is known as halving.

The idea behind this is that with every halving the amount that is dumped over by the miners on the open market is reduced thereby reducing the chances that they can generate huge dumps keeping the economy of bitcoin stable when compared to the demand or buying pressure.

Now everyone looks forward to the halving as a bullish event. Personally I have seen too much speculation about this and it can be both a bullish or a bearish event.

Main point is that if you are looking to sell, do so and the buy back at lower price. Forget about the halving but be cautious to not trade in the few weeks before and after the halving.

Its not a subsidy its a reward for taking the effort of solving the puzzle. This reward becomes half after each halving.

This is of course more important for miners than traders, this design gradually reduces their activity rather than suddenly, its been working fine. We are now at the last remainder, that remaining 14% of coins left to be minted, most of which will be produced the following years while there is still some profit to be made mining.

A price increase could delay this, but don't count on it to compensate for the halving, and if it does at some point, don't expect it to last long. Looking at the whole picture (ie. zoom out) mining has simply became more and more expensive, less profitable overtime at the same time most coins have already been produced following the programming schedule (which is in Bitcoin's code).

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February 11, 2020, 11:43:56 PM
 #13

It's for the good of bitcoin and rewards of miners will be cut into half. This will make the demand even higher so if you're worrying about it, the past halving did result in good price of bitcoin. Wink

But I guess it's not really that good for the miners because  blocking halving means not just the rewards will be cut into half again, but also means upgrading their hardware. Imagine the expense if you have a mining farm.

The mining farms that have invested a large capital won't let their farms to shut down because of that. They will keep themselves on the trend unless they can't keep and take the expenses anymore.

Agree, these big mining farms would be the last to stand until the last Bitcoin is mined. This expense is just a one time upgrade in 4 years anyway, and I guess they could easily handle that, but then again the total amount of expenses is a pain in the a** lol  Cheesy

R


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February 12, 2020, 10:34:05 PM
 #14

The mining farms that have invested a large capital won't let their farms to shut down because of that. They will keep themselves on the trend unless they can't keep and take the expenses anymore.

Agree, these big mining farms would be the last to stand until the last Bitcoin is mined. This expense is just a one time upgrade in 4 years anyway, and I guess they could easily handle that, but then again the total amount of expenses is a pain in the a** lol  Cheesy
They can even maintain a long term operation so I guess they are all prepared if something like that happens suddenly. Most of them are wise and probably see this happening in the future.

There must be sort of savings dedicated for future upgrades.


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February 12, 2020, 10:39:35 PM
 #15

"a blockchain is added to a bitcoin blockchain" and other errors.

Lol.  My thoughts are that this graphic is laughable.

It is almost as if someone who didn't know what they were talking about put it together.


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February 13, 2020, 01:42:42 AM
 #16

They can even maintain a long term operation so I guess they are all prepared if something like that happens suddenly. Most of them are wise and probably see this happening in the future.
There must be sort of savings dedicated for future upgrades.
Exactly, bitcoin mining farms are just not ordinary and not a joke, they are into business. For sure, before they started to build huge farms for Bitcoin mining, they already have a plan for the long term operation.
They know how to manage their business and speaking for long term, they are literally beast!

Speaking if Bitcoin Block Halving, I can also share this website to track the upcoming Bitcoin Block Halving information, it's a countdown for next Bitcoin Block Halving and also has some information about Bitcoin and the upcoming Bitcoin Block Halving.

Website: https://www.bitcoinblockhalf.com/

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February 13, 2020, 07:38:09 AM
 #17

Just found this on facebook. Maybe we can get something from this. What are your thoughts?
Does the future of bitcoin be affected? Is this good or bad? Should we still invest in Bitcoin?
Lol I don’t see why you should be asking whether this is good or bad when you know already that it has happened twice in Bitcoin space. If it was bad then most of us would have dropped after the first or second one. It’s not bad, it’s been happening, so there’s nothing bad about it. After the last two halving we saw the price of Bitcoin started going up and those investors who were able to have patience for long benefited from it since they started making lots of profit as the price kept going up. I strongly believe that this one wouldn’t be anything different but same as the other ones and the patience we have had for long would definitely pay off.

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February 13, 2020, 09:19:49 AM
 #18

~snip~
Exactly, bitcoin mining farms are just not ordinary and not a joke, they are into business. For sure, before they started to build huge farms for Bitcoin mining, they already have a plan for the long term operation.
They know how to manage their business and speaking for long term, they are literally beast!
Yes, they have a gameplan before proceeding to the mining business. And they have all the means to upgrade if it's needed or to stop the operation totally if they want to and can't cover the cost of operation anymore.

I'm into mining and they are more knowledgeable on this, so let them take care of themselves because they know more than us about it.

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February 13, 2020, 10:18:14 AM
 #19

Just found this on facebook. Maybe we can get something from this. What are your thoughts?
Does the future of bitcoin be affected? Is this good or bad? Should we still invest in Bitcoin?
Lol I don’t see why you should be asking whether this is good or bad when you know already that it has happened twice in Bitcoin space. If it was bad then most of us would have dropped after the first or second one. It’s not bad, it’s been happening, so there’s nothing bad about it. After the last two halving we saw the price of Bitcoin started going up and those investors who were able to have patience for long benefited from it since they started making lots of profit as the price kept going up. I strongly believe that this one wouldn’t be anything different but same as the other ones and the patience we have had for long would definitely pay off.
Maybe this time he was hesitant to invest before Halving whereas we have learned about Halving before where the price of Bitcoin increased dramatically after that. So I suggest to the OP if you have unemployed funds then you should buy some BTC now. After Halving you will become a rich man.  Grin
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February 13, 2020, 04:48:45 PM
 #20

At the very least, you should not be afraid of another halving, since the history of the cryptocurrency market shows that in 2013 and 2016, by halving the rewards to Bitcoin miners, the user received a significant increase in the price of Bitcoin.  Therefore, I expect only a positive change in the situation on the cryptocurrency market due to this event, which is probably already starting to happen today, as we already see significant signs of a bullish run.  But the significance of this process confuses me a bit, because everywhere halving is referred to as the process of combating bitcoin inflation.  But How can inflation be carried out if bitcoins have a certain number of coins?  Maybe I haven’t studied everything yet, but for me this question remains a dilemma.
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February 13, 2020, 06:36:26 PM
 #21

Saw it also on Facebook, it has really circulated.
I guess the infographic information was to answer a lot of questions many people are asking regarding Bitcoin. it's well stipulated.
With the information so far, I think any one who wants to invest in Bitcoin should still do so. I am more concerned about the year 2140 on how true that is. By then, there would have been a major changes in Bitcoin.
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February 17, 2020, 01:47:39 PM
 #22

I'm suprised you still don't know about bitcoin halving since you're 3 years in this forum
In short Bitcoin halving is a block halving is a process of reducing the rate at which new cryptocurrency units are generated. More explanation on this link :
https://cointelegraph.com/explained/bitcoin-halving-explained

Does the future of bitcoin be affected? Is this good or bad? Should we still invest in Bitcoin?

It's totaly a GOOD NEWS for bitcoin, because when bitcoin block is halving, the price of bitcoin will raise up. You should buy or hold bitcoin before bitcoin halving.
Quote
To date and until May 2020 we have 12.5 Btc for block and about 1800 Btc mined every day. Then we will have:

03/01/2009 ----- 28/11/2012 ------- 50 Btc for block ------- 7200 Btc every day
28/11/2012 ----- 04/07/2016 ------- 25 Btc for block ------- 3600 Btc every day
04/07/2016 ---- 25/05/2020 ------- 12.5 Btc for block ------- 1800 Btc every day
25/05/2020 ---- May 2024 ----- 6.25 Btc for block ------- 900 Btc every day
May 2024 --- May 2028 ---- 3.125 Btc for block ------ 450 Btc every day
May 2028 --- May 2032 ---- 1.5625 Btc for Block ---- 225 Btc every day
(the dates will probably change slightly, but it's right to have a reference)

More information : https://bitcointalk.org/index.php?topic=4849889.0
I myself have learned about what Bitcoin gbling really is, just recently. I was more into campaigns and gambling(sometimes) and was not aware of such things. So since I am one of those who are not familiar to it fully, I think it should not be a surprise to know that many other people are also not yet aware of this anticipated occurence in this industry.
Just found this on facebook. Maybe we can get something from this. What are your thoughts?
Does the future of bitcoin be affected? Is this good or bad? Should we still invest in Bitcoin?
Lol I don’t see why you should be asking whether this is good or bad when you know already that it has happened twice in Bitcoin space. If it was bad then most of us would have dropped after the first or second one. It’s not bad, it’s been happening, so there’s nothing bad about it. After the last two halving we saw the price of Bitcoin started going up and those investors who were able to have patience for long benefited from it since they started making lots of profit as the price kept going up. I strongly believe that this one wouldn’t be anything different but same as the other ones and the patience we have had for long would definitely pay off.
Maybe this time he was hesitant to invest before Halving whereas we have learned about Halving before where the price of Bitcoin increased dramatically after that. So I suggest to the OP if you have unemployed funds then you should buy some BTC now. After Halving you will become a rich man.  Grin
Is it really assured that the market value will be that high? I mean, there is a tendency and it does sound to be more likely occuring upon the halving but can we count on it with certainty. The market value of Bitcoin is not something that could be predicted with assurance no matter what happen right? So i think it is quite questionable. I know it happened before but are we sure that same result would happen? That is my concern.
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February 18, 2020, 05:39:13 AM
 #23

Halving is the process of decreasing the rate of issuance of New Currencies, In Other Words, Reducing The Bonuses Of Mining Blocks Provided To Two Bitcoin Minerals
Halving Bitcoin Events: In The Past Two Halving Events For Bitcoin Occurred In The Year 2012 And In 2016, And We Are On The Third Halving Date In May Of 2020, And The Last Halving Event Will Be In The Year 2140 Where The Last Block Will Be Mining On The Bitcoin Network And 21 Million BTC Will Be Completely Extracted.
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February 18, 2020, 10:28:39 PM
 #24

Some of the members above have given corrections that the explanation from the sources pinned by the OP contained several errors. It would be better if the OP took from a better source for discussion. This is a pretty important lesson for us to know bitcoin technically. One article that I recommend is Bitcoin Halving, Explained

This halving moment became one of the awaited turning points in an increase in market interest. In the previous period, the halving moment managed to make the price of BTC rise several times and this is what eagerly awaited by a crypto enthusiasts to make more profit.

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February 19, 2020, 03:40:09 AM
 #25

At the very least, you should not be afraid of another halving, since the history of the cryptocurrency market shows that in 2013 and 2016, by halving the rewards to Bitcoin miners, the user received a significant increase in the price of Bitcoin.  Therefore, I expect only a positive change in the situation on the cryptocurrency market due to this event, which is probably already starting to happen today, as we already see significant signs of a bullish run.  But the significance of this process confuses me a bit, because everywhere halving is referred to as the process of combating bitcoin inflation.  But How can inflation be carried out if bitcoins have a certain number of coins?  Maybe I haven’t studied everything yet, but for me this question remains a dilemma.

Instead of getting afraid of the bitcoin halving, we should consider thinking about its positive effect to the community especially to the market price of bitcoin because of the miners tending to sell their bitcoin at higher price despite of the risk of them, leaving the mining industry because of the lower bitcoin reward.

Upon thinking about this, my perspective about the bitcoin halving is that, it is a thing we should celebrate but the celebration would be long or term. After the bitcoin halving, the effect will not take place or will not be readily experience. Thus, we need to wait for a year or two to feel that the market price is increasing.
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February 19, 2020, 04:15:37 AM
 #26

Just found this on facebook. Maybe we can get something from this. What are your thoughts?
Does the future of bitcoin be affected? Is this good or bad? Should we still invest in Bitcoin?
bitcoin is half of the block prize reduction event in crypto coin mining, and historically half occurred every four years and so far half of bitcoin has happened twice, in the first round the miner prize fell from 50 btc per block to 25 btc per block, whereas the second round miner's prize was reduced from 25 btc to 12.5 btc per block and thereafter.
the negative side of reducing bitcoin may be many miners stop because they will only receive prizes from fewer blocks.

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February 19, 2020, 04:45:04 AM
 #27

This halving moment became one of the awaited turning points in an increase in market interest. In the previous period, the halving moment managed to make the price of BTC rise several times and this is what eagerly awaited by a crypto enthusiasts to make more profit.

I remember this quite well, and it was a really crazy rally. I doubted bitcoin before the last halving and always sell everything that I have earned from this forum before the last halving

The next halving could be the moment of truth for some of us to witness how crazy the rally that will be caused by the halving
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February 19, 2020, 07:08:33 AM
 #28

It also often singnals the Bitcoin bull market because of the rapid increase in demand for bitcoin in the market.Bitcoin halving event that creates a huge hype in the bitcoin market.I hope Bitcoin 25k Soon...........

not really  . halving's before dont really indicate for a bull run but the price was stable and sometimes dumping   .

on this year , many happenings or events that happen which can be the reason for the bull on the price   . there is no halving that happen yet so i cant say that halving is the reason for the increase   . btc to 25k usd is verry possible   .  its not that big at all and it can be achieve next year , if ever btc uptrend continues for this whole year  of 2020   .
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February 19, 2020, 10:43:56 AM
 #29

It also often singnals the Bitcoin bull market because of the rapid increase in demand for bitcoin in the market.Bitcoin halving event that creates a huge hype in the bitcoin market.I hope Bitcoin 25k Soon...........

It is not easy to be able to reach $ 25,000 soon, in fact many issues say that the information in April bitcoin will reach a price of $ 17000 this is below the nominal that you are targeting, I think to achieve that we must be able to penetrate the price of $ 12000 as a new foothold that can bring bitcoin towards the price of $ 17,000 when halving occurs
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February 19, 2020, 11:44:36 AM
 #30


It is not easy to be able to reach $ 25,000 soon, in fact many issues say that the information in April bitcoin will reach a price of $ 17000 this is below the nominal that you are targeting, I think to achieve that we must be able to penetrate the price of $ 12000 as a new foothold that can bring bitcoin towards the price of $ 17,000 when halving occurs
I may think that it was an April fool again just like it happens last year... Grin

There is no way to excite for the upcoming halving and yet to celebrate it early. Speculations aren't particularly siting reasonable moment that Halving could surely bring back Bitcoin price at $20k. Though it looks positive and seems we are able to see the market growth but it is still far from the 2017 event in which hypes is really contributing a lot, unlike this year.

R


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February 19, 2020, 11:58:48 AM
 #31

Saw it also on Facebook, it has really circulated.
I guess the infographic information was to answer a lot of questions many people are asking regarding Bitcoin. it's well stipulated.
if does then that is much appreciated to help answering many questions as thosea re looking all over the place for clarification.
With the information so far, I think any one who wants to invest in Bitcoin should still do so.
at least you are still considering the advantage of investing in bitcoin that is enough for people to stay in their trust and believe in the capacity of bitcoin to provide profit in the long term.
I am more concerned about the year 2140 on how true that is. By then, there would have been a major changes in Bitcoin.

yups and that change will be the best of all years because that time all Bitcoin is being mined and for sure the value will Go to the moon and that will change the world towards the power of cryptocurrency.
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February 19, 2020, 01:25:26 PM
 #32

This is the cycle where the reward of bitcoin that is given to miners is halved. We have had two halvings already since the launch of bitcoin in 2009. Initially the genesis block reward was 50 then we halved to 25 and now block reward is at 12.5. In May of this year, the reward is going to be halved to 6.25 and this is likely going to increase the price of bitcoin. Some are speculating the price of bitcoin to reach way over $20K

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February 19, 2020, 01:41:15 PM
 #33

Some people above me have mentioned about bitcoin halving correctly, and you should take this as a learning. Greatfully you are an active user to this forum (and me as well) because we will know about the ins and out about bitcoin from someone else. The essence of bitcoin halving event itself is to reduce supply the circulation of new bitcoin.

As for your concern, I think if you intend to use bitcoin as your an income place then you should know the basic of bitcoin price movement. The pricr of bitcoin is like goods, comodity or asset, most of their pricr will be depend on supply and demand, likewise with bitcoin the movement price will be depend on supply and demand. Just imagine of it, when more people know about bitcoin and they are interested to use bitcoin, so what the result? Yeah bitcoin pricr will be up later. You can imagine this event by yourself, and take what I have said as a benchmark then you will your answer.
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February 19, 2020, 03:02:29 PM
 #34

Bitcoin halving is all about what is happening on every 4 years of the cryptocurrency in which the bitcoin will be halved and the mined of the miners will be reduce and after it there would be some and new bitcoin that will circulate all over the cryptocurrency world. This would probably the crypto enthusiast that is working for because this is gonna give them a sign and a bullish of the market in which what are we seeing right now that the market is kind of bullish because of the incoming bitcoin halving.



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February 20, 2020, 08:13:05 AM
 #35

I don’t really understand why you still asking whether we should be buying bitcoin or not Cool. Bitcoin halving is not a bad thing and it has happened twice already, the first one was around November 2012, and after that halving the price went up. The second halving then took place in July 9th 2016, after which we experienced a bull run in 2017 with the price reaching as high as $20,000. So, as you can see every time there is a bitcoin halving there is always an increase in the price.

Maybe after the next halving on May of 2020, the bull run might not kick off immediately, it might just be going up a bit by bit and before you know if maybe around 2021 it will pump heavily and reach another all time high (ATH) price. It would be better for you to buy, cause this can possibly be the lowest price you’re going to see after now.
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February 20, 2020, 06:12:27 PM
 #36

It just means that miners will stop mining ahaha
It would never mean something like this. Can you imagine from where would the bitcoins be mined if by any chance the miners stop mining? Circulation and transacting with bitcoins is only possible because of the miners who broadcast each and every transaction. Halving process with reduce the mining rewards by 50% but the difficulty would remain the same or perhaps the difficulty would increase. This would reduce the number of miners but we can't say that each and every one would stop mining.

The halving process would boost the price for bitcoins which would also increase the mining rewards accordingly. This would anyhow make profits for the miners so none would actually quit mining.

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February 21, 2020, 09:06:28 AM
 #37

This basically means that the reward the miners will be reduced to 50% of what it used to be. So if today each miner receives 25 Bitcoins for solving a block, after the halving event he will receive only 12.5BTC. Following this math, the final number of Bitcoins will be roughly 21 million(20999999.9769 to be exact) in the  year 2140.For this statement i don’t understand, as halving should occurs unstoppable because numbers have ‘exponential function’ that means it infinite.. Not end in year 2140.
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February 21, 2020, 10:29:07 AM
 #38

Bitcoin Halving is an amazing idea. It pumps Bitcoin to huge amount. All holders get good profit in Halving time.

But who invested in mining they get lose because after Bitcoin Halving their production is reduce to nearly 50%.

I think we see lot of changes in during this period I think so. There is only few days left.
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February 21, 2020, 10:40:28 AM
 #39

The halving was very well explained here, and as one would guess already the event will be celebrated by many in the industry as this in theory should pump BTC as the supply is reduced.

Having said that, I'd also like to add for the miners who after the halving will be negatively affected the most, that with the future technology and by this I mean the computing power, if the power gets to a level where more and more complex equations will be solved, then this technically in the long run as long as the computing power increases exponentially, will not place miners at the greatest disadvantage  as they could cooperate together to solve these ever complex equations.

Unfortunately, it cannot be negated that there will be falls taken by those lacking these resources Sad

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February 21, 2020, 11:44:01 AM
 #40

I think
Others claim that due to shortage in “Bitcoin supply” the price is bound to climb as demand will increase.” While there might be reasons for the price to rise after the halving, a shortage in the bitcoin supply is not one of them. Because of mining, the supply of bitcoins is constantly increasing. After the halving, the supply will continue to increase. There will be no shortage
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February 21, 2020, 12:09:41 PM
 #41

It pumps Bitcoin to huge amount. All holders get good profit in Halving time.
Both statements are necessarily wrong. It pumps price not due to the process but due the people putting in money and same drop could happen if people were to sell off their coins. Holders dont get profit out of the blue, but only if they sell their coins.

Quote
But who invested in mining they get lose because after Bitcoin Halving their production is reduce to nearly 50%.
It is an inherent property of bitcoin and its mining. Those who invest in mining companies know of this risk and have learnt that it is a necessary evil.

Others claim that due to shortage in “Bitcoin supply” the price is bound to climb as demand will increase.”
But that is not related to mining and halving. The shortage of bitcoin is inherent. There will never be a higher availability of bitcoin than demand. It was how the system was meant to be: Deflationary.

Quote
While there might be reasons for the price to rise after the halving, a shortage in the bitcoin supply is not one of them. Because of mining, the supply of bitcoins is constantly increasing. After the halving, the supply will continue to increase. There will be no shortage
True, which is why the first statement is wrong.

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February 21, 2020, 04:01:00 PM
 #42

There are a lot of similar threads about the upcoming halving event. I am sure a number of people already might be waiting for the month of May to arrive where they could multiple their capital by investing in right time. This halving process would have a positive or negative impact on the price of bitcoins. We can see a huge price difference once the halving is been completed.

Mostly, it is expected to trigger the bull runs after the halving process as the demand for each bitcoins would rise minimizing the transaction fees. I was able to participate in the past halving process which indeed gave me major profits and the same is been expected this year.

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odolvlobo
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February 21, 2020, 04:19:16 PM
 #43

This basically means that the reward the miners will be reduced to 50% of what it used to be. So if today each miner receives 25 Bitcoins for solving a block, after the halving event he will receive only 12.5BTC. Following this math, the final number of Bitcoins will be roughly 21 million(20999999.9769 to be exact) in the  year 2140.For this statement i don’t understand, as halving should occurs unstoppable because numbers have ‘exponential function’ that means it infinite.. Not end in year 2140.

The smallest unit of bitcoins is a "satoshi", and there are 100000000 satoshis in a bitcoin. The protocol does not support fractions of a satoshi, so at a halving in the future, the subsidy go from 1 satoshi to 0 satoshis.

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May 06, 2020, 01:09:31 PM
 #44

Many influencers of cryptocurrency believe that previous pauses have shown that the price after the halving for 2020 should rise significantly. It has become known that cutting a bitcoin in half helps bitcoin with a steady increase in prices over time.
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May 06, 2020, 04:09:44 PM
 #45

There are a lot of similar threads about the upcoming halving event. I am sure a number of people already might be waiting for the month of May to arrive where they could multiple their capital by investing in right time. This halving process would have a positive or negative impact on the price of bitcoins. We can see a huge price difference once the halving is been completed.

Mostly, it is expected to trigger the bull runs after the halving process as the demand for each bitcoins would rise minimizing the transaction fees. I was able to participate in the past halving process which indeed gave me major profits and the same is been expected this year.

About your past halving process experience, if you don't mind sharing... how long did you hodl and how soon were you able to convince yourself to sell later to achieve a major profit?

Either a percentage or a specific btc or fiat figure would suffice, just to have some perspective and idea about what you've experienced beforehand.

Thanks in advance.

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