Bitcoin Halving: What is it?

[vintages]

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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[Latviand]

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.

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. 

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.

[Dmasked]

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.

[gundala]

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.

[Debonaire217]

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.

[bounceback]

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.

[cazkooo]

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

[imstillthebest]

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   .

[valuater]

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

[Hypnosis00]

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...

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.

[carlisle1]

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.

[joinfree]

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

[Ridwan Fauzi]

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.

[White Christmas]

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.

[davinchi]

I don’t really understand why you still asking whether we should be buying bitcoin or not . 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.

[bitgolden]

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.

[kakamrul]

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.

[Lakshman15]

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.

[Docnaster]

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

[kamrul50]

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