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Author Topic: What does Halving actually mean for Beginners?  (Read 329 times)
ImThour (OP)
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May 27, 2020, 01:49:21 PM
 #21

Here's what happens. The block reward is cut from 12.5 BTC to 6.25 BTC per block(approximately every 9-10 minutes). So, the supply entering the markets slows down quite significantly. Now, does that guarantee a price increase? Heck no. Even if every single bitcoin has already been mined, it could still go down even if there was less bitcoin being sold than being bought. So, what will happen? We can only guess.
This sounds logical, cheers. I thought it will increase demand and reduce the supply.. I was wrong.  Roll Eyes
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ImThour (OP)
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May 27, 2020, 01:50:18 PM
 #22

Note: your question is google able!

Yes however this question of mine was not answered on Google

Quote
Should i continue investing in BTC even after this Halving?

So, that's why I thought to make a post.
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May 28, 2020, 07:12:51 PM
 #23

This is the 3rd halving of bitcoin, that has come to play ever since the creation of bitcoin. Bitcoin halving happens every 4years. The first halving was around 2012, while the 2nd halving was around 2016. It's 2016 halving that brought bitcoin to her greatness it's operating now, although the bull run happened around 2017.

All hopes are high and we're expecting such to repeat itself again (bull run) soon or later.

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May 28, 2020, 08:12:08 PM
 #24

I am really new into this world and there is something called Halving which has happened yesterday If i'm not wrong. I just want to know what exactly happens like does the price falls or increases? Also, what things should I consider - Should i continue investing in BTC even after this Halving?
Its technical stuff which you don't need to understand. Miners must tho, because this concerning them.
In general price can go up in long term because of that but its all theory.
ImThour (OP)
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June 02, 2020, 09:20:37 PM
 #25

I am really new into this world and there is something called Halving which has happened yesterday If i'm not wrong. I just want to know what exactly happens like does the price falls or increases? Also, what things should I consider - Should i continue investing in BTC even after this Halving?
Its technical stuff which you don't need to understand. Miners must tho, because this concerning them.
In general price can go up in long term because of that but its all theory.
Thanks for the information mate. Much appreciated!
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June 03, 2020, 03:56:42 AM
 #26

It is very difficult to give accurate information about when the price of Bitcoin will go up and down However, since Bitcoin is halfway through the event  you should continue to invest in Bitcoin even after Halving because the price of Bitcoin will go up a lot. Halving is likely to be surpassed Bitcoin has pumped a lot in the last three or four years Prices dropped a lot after 2017 But it could pump up a lot later this year So now is a good time to hold on.

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famososMuertos
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June 03, 2020, 05:30:06 PM
 #27

Halving for beginners?
It really is one of the simplest concepts to explain that you can get related to bitcoin, some have already explained it, but what takes years to understand is its side effect on the Bitcoin ecosystem, not only a price effect but in the technical part, mainly for miners.

You can see exactly the next halving and other interesting information that you should also study and understand:https://www.bitcoinblockhalf.com/

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