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Author Topic: Bitcoin Halving: What is it?  (Read 533 times)
TheUltraElite
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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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fullhdpixel
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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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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.
KiloFoxtrot
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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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