What is Bitcoin Halving

[Sonu_titu]

In 2009, the system started at 50 coins mined every 10 minutes. Two halvings later, 12.5 bitcoins are currently being dispensed every 10 minutes.

That is only true for next 4 years then again it will be reduced half of it. As halving was last month.

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.

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.

BTC Halving 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.

Read more detail from the source: https://coinswitch.co/news/bitcoin-halving-2020-bitcoin-halving-explained-read-more

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[Betwrong]

we will not need to know what is Bitcoin Halving because it happened several days ago and it will not happen until after four years.
we should focus  on how to know more about how Bitcoin Halving can be exploited economically?

Many are skeptical that Bitcoin Halving will have a positive effect on the price and therefore we will see more demand for Bitcoin and the price will rise.
I think they are wrong price will back to less than 4000 dollar and I dont Bitcoin Halving that will up it to 20000

Whoever predicted that the price would go up to $20k because of halving, you don't look much better than that person. Reread your post. Apart from misusing the word "skeptical", you are making a baseless prediction about Bitcoin going below $4k.

Overall it's a big question, whether halving affects BTC price or it doesn't. I personally think it doesn't because the most BTC that go to the market as a "supply" are not coming from miners.

Based on the fact that from the moment of halving bitcoin holding at $9-10k, it’s too early to talk about $4k or $20k. The economy hasn't stabilized after the COVID-19, I guess we will see some important bitcoin movements closer to the 2021.

Exactly! There are so many things that can affect Bitcoin price, and the world economy in general, going on right now, that halving is probably one of the least important ones in this regard.

I think, various news outlets will always be making "big news" out of yet another halving(They have to write about something, after all!), but in reality halving is nothing more than a part of Bitcoin routine.

[dersu1995]

Bitcoin halving is an event that halves the rate at which new Bitcoins are created. It occurs once every four years. As many know, Bitcoin’s (BTC) supply is finite. Once 21 million coins are generated, the network will stop producing more. That is one of the main reasons Bitcoin is often referred to as “digital gold” just like with the yellow metal, there is only a limited amount in the world, and someday, all of it will have been extracted