Bitcoin Halving only 1 year away

[Asuspawer09]

That just means that it's still early and we have a lot of opportunity to accumulate Bitcoin in the coming years. I mean it could easily boost the hype of the market for sure when the halving is near the market price is going to skyrocket again meaning it could be profitable for a lot of investors.

At the same time, there will be a huge effect again on mining rewards means a lot of miners possibly will not be profitable anymore at that point that could also reduce the network hash rate resulting in a longer transaction time and reduced the security of the network.

[Gianluca95]

It seems that halving is became only an event relative to the speculation behind Bitcoin. Naturally everyone is waiting for it, but in my opinion halving is something that should track only progress made with Bitcoin from its

creation. As someone said, we are still early and I think that we needs at least other 10 years to let Bitcoin known from everyone.

PS: Happy Easter to everyone ! 

[hosseinimr93]

At the same time, there will be a huge effect again on mining rewards means a lot of miners possibly will not be profitable anymore at that point that could also reduce the network hash rate resulting in a longer transaction time and reduced the security of the network.

The total hash rate will probably decrease after the halving, but it will increase again after a short time. After the halving, blocks will probably take more than 10 minutes on average to be mined, but everything will become normal again after the first difficulty adjustment.
After the previous halving, the total hash rate of network decreased from around 135 Ehash/s to around 85 Ehash/s in 10 days. That was around 37% decrease in the total hash rate. After that, the total hash rate increased again. Now the total hash rate is around 350 Ehash/s. The same thing will probably happen after the coming halving.

[Outhue]

I'm excited just like you guys, Bitcoin having season is always a celebration, it has become a popular thing among holders and miners because most cases this is what triggers a new wave of adoption, and expectedly Bitcoin always performed better after every halving is successfully over, things will look ugly at first for miners, but after the dust have settled a better adaptation will take place, Bitcoin miners have to earn less, there is no way this won't happen, but they always get used to it after the halving.

[Lillominato89]

Too bad I won't be there in 2136 to see the halving era with 1 satoshi block reward! who knows how much 1 satoshi will be worth! if nakamoto's vision is right i believe that a satoshi could be worth even more than a dollar! what do you think? just to talk about it, maybe then I'll have my great-grandchildren explain the final price 😅

[tbct_mt2]

It seems that halving is became only an event relative to the speculation behind Bitcoin. Naturally everyone is waiting for it, but in my opinion halving is something that should track only progress made with Bitcoin from its

I feel very interesting to see how people feel hype with halvings. It is like they only know about halvings when it comes and did not know about it years ago. Many people did not read Bitcoin whitepaper, Bitcoin wiki and did not know that Bitcoin has four-year halving in its design. Another thinking is they knew about it but they just think halving is nothing in bear market but in bull market, they change their mind and think Bitcoin halving helps Bitcoin to double its price or more to make new all time high.

The total hash rate will probably decrease after the halving, but it will increase again after a short time. After the halving, blocks will probably take more than 10 minutes on average to be mined, but everything will become normal again after the first difficulty adjustment.

That hash rate shock won't last more than 2 difficulty adjustments. In history of cryptocurrency mining, mining bitcoin is a most profitable and safest choice for miners. If they mine Bitcoin forks and other altcoins, they can end with low trading volume, lower price and they will have negative balance sheet for their mining operations.

[worle1bm]

I am just waiting to see what will be the prices after halving but still we have to wait for some time to see the actual results.The main hype is there because technically the rewards are halfed decreasing the circulating supply and trends say the adoption rate is high which will eventually boost the prices so holders will get returns.I am optimistic about the growth but for me beating the ATH of $68k would also be great as have invested at low points compared to that.So just wait for it and thanks for reminding us about it with days limit also.

[Grim_Fandango]

Too bad I won't be there in 2136 to see the halving era with 1 satoshi block reward! who knows how much 1 satoshi will be worth! if nakamoto's vision is right i believe that a satoshi could be worth even more than a dollar! what do you think? just to talk about it, maybe then I'll have my great-grandchildren explain the final price 😅

I think that in that time 1 satoshi will be at either 1+ dollar or at 0 dollars, no between things.

[Mr. Magkaisa]

    -  It turns out that we only have to wait one year, and we can save for one year, I hope I can save a large amount of bitcoin so that I can have good savings by next year as well.

Because it is certain that as the new month comes, the value of bitcoin will gradually increase in the market, many people are waiting for this thing to be honest. I just hope that after the bitcoin halving, I will be included in the development of life somehow.

[Fiatless]

I'm excited just like you guys, Bitcoin having season is always a celebration, it has become a popular thing among holders and miners because most cases this is what triggers a new wave of adoption, and expectedly Bitcoin always performed better after every halving is successfully over, things will look ugly at first for miners, but after the dust have settled a better adaptation will take place, Bitcoin miners have to earn less, there is no way this won't happen, but they always get used to it after the halving.

Glad to learn something new today explained simply. Bitcoin is such a unique currency that overcomes all the pitfalls of fiat. Satoshi is an angel because he designed an extraordinary currency Every year bitcoin gets more scarce and precious. Bitcoin has more value than gold because it is limited. Miners have gone through so many hard times in this bear season that some of them had sold some of their mining equipment because of the high cost of power. So many holders have gone through a turbulent period that some sold out of FUD. As a holder, my wish is to see the Bitcoin price go up, so if your predictions become a reality, I am already celebrating.

[Smartvirus]

When Satoshi launched Bitcoin, block rewards have been at 50 BTC per block.
Here's an overview:


We are still early

I am more interested in the charts and how early we are and yet, how far we've come as to price index to the time. This is an eye opener to investors out there that thinks we've past the stage where one can benefit the most from bitcoin investment and looks for early opportunities in altcoins. The market is still very green and in its vegetative state. There are more that can come out of bitcoin in years before we reach all of its halving cycle. It stretches the idea why, hodling is still the best approach and why those hodling are actually doing the right thing.
It's necessary to spend your coins once in a while as well but, not unnecessary and I look forward to what changes the next halving would bring.

[hosseinimr93]

Mining  is no longer profitable as before, So How will this halving affect the stress in mining bitcoin?

Mining will be still profitable for many miners.
The block reward was 50 BTC (plus transaction fees) when bitcoin was created. Currently, that's 6.25 BTC (plus transaction fees) which means that the amount of newly generated coins in each block has been decreased by 87.5%. Mining is still profitable while the block reward has decreased that much. It may worth mentioning that total hashrate reached its all time high less than a month ago.

Note that as times goes, we will probably see more efficient mining devices in the market.

[Kaliandra]

this is a great topic as well as an encouragement to all of us who invest in bitcoin.
yes, even though we actually won't know what will happen to btc in 2024, and I can't wait to see btc prices in 2024, whether btc prices will go up or not.

yes, let's hope that btc in 2024 will be very high.

[Merit.s]

Miners will be affected in bitcoin halving because there will be limited bitcoin to mine which will affect their profit in mining. I do believe that there will be an alternative means which miners will get reward apart from transaction fee. Bitcoin halving is what every investor is waiting for so that they can sell some fraction and make profit. It is fast approaching and before you know it,the halving will be knocking on your door. I know that so many bitcoiners are patiently waiting to experience it. This is the first time I will looking forward to experience it. Bitcoin halving is what make bitcoin unique

[Ultegra134]

I hadn't realized that we were only a year away from halving. It's quite possible to start noticing a minor recovery until then, and hopefully, a new ATH within the next 1.5 to 2 years from now. Although I've gone through one more halving, I never actually grasped that we're still so early in the process of reducing the block reward that there are so many halvings in the distant future. I've got no clue if the previous increasing pattern continues in this halving or the upcoming ones, but I'm positive that the next few years will be interesting.

My question now is the following, will mining still be profitable in 10 or 20 years from now?

[teosanru]

Honestly I am not too hopeful with the halving this time. I think bitcoin does repeat it's patterns but it doesn't repeat patterns in the very obvious way because you will see a lot of influx of capital if people think after halving market always jumps up. I think there will be a big all time low that might come after the halving and the only market might start to go up. I think bitcoin obviously never repeate itself completely.

[cheezcarls]

I am still holding some Bitcoin in my hardware wallet and have never touched them. I am anticipating the Bitcoin halving, which is just a year away. We are speculating that Bitcoin will multiply its value, just like the last halving. However, we always have to be prepared for unexpected events since the price is so unpredictable.

I wish I could have transferred all of my assets there before I got hacked and lost a lot of money. Those memories still haunt me a bit, but I have simply moved forward and become better at making decisions.

[darkangel11]

Here's something interesting when it comes to this date (a year before halving). Take a look how low the price was each time when compared to the next 12 months.
Each time these were relative lows and the price was on its way up.
Another interesting thing is that in early halvings people were less eager to buy bitcoin a year before the event. In 2011 the price was tanking a year before the halving, in 2015 it was more flat , but still scraping the bottom, but in 2019 it was past the lowest point breaking out towards a bull market. It's doing a similar thing this year, trying to break out when it's still a year to the halving. It shows the market is more mature and there's much more buying taking place.

[virasog]

Honestly I am not too hopeful with the halving this time. I think bitcoin does repeat it's patterns but it doesn't repeat patterns in the very obvious way because you will see a lot of influx of capital if people think after halving market always jumps up. I think there will be a big all time low that might come after the halving and the only market might start to go up. I think bitcoin obviously never repeate itself completely.

This is interesting as you are suggesting that this time is different, and bitcoin may not behave the way it has behaved after the halving in all those previous years.
Well your point is right in the sense that there is no hard and fast rule that bitcoin should enter into a bull season after the halving and make an all time high. Bitcoin has been doing this in previous halving and it may or may not do it this time.

However, when we see the economic indicators plus the financial market conditions and how the fiat currency is devalued, the world banking sector is collapsing and the dollar printing machine will again be on, I think we might see the biggest bull season that has ever been before.

[GreatArkansas]

I am really expecting a lot from the Bitcoin block halving event on Bitcoin.
One of my indicator for every bull run is the Bitcoin block halving on Bitcoin, Bitcoin block halving event already shown multiple times that on every before Bitcoin block halving we can see a huge price action upwards on the Bitcoin market.