What to know about Bitcoin Halving

[Best-mary]

How is everyone doing? So I stumbled upon a very interesting topic where the user was asking about halving in Bitcoin beginners. The response to that question was so interesting so I thought of sharing it here. Because I believe this answer would clear a lot of newbies and some that don't know about what would happen to Bitcoin during or after halving. I really hope this helps so many people

https://www.reddit.com/r/BitcoinBeginners/comments/173epdp/what_happens_to_the_price_of_bitcoin_during/k42gkfw?utm_source=share&utm_medium=android_app&utm_name=androidcss&utm_term=1&utm_content=share_button

Enjoy!

[Charles-Tim]

There is nothing hard to know about bitcoin halving. It occurs after every 210000 block has been mined. The next halving will occur after block 840000 has been mined which is estimated to be in April 2024.

After halving, people fomo and buy bitcoin which may likely still happen after 2024 halving. Months after halving, the price of bitcoin will increase as more people invested in it and as more money is invested on it.

Edit:
After halving, bitcoin mining reward will halve. The reward is 6.25 BTC right now. It will halved and become 3.125 BTC.

[EL MOHA]

Bitcoin halving is certainly one of those things you will hear about immediately you get into bitcoin. This event not only represent the halving of the reward for mining a block but also represents the fact that bitcoin has come from a long way all the way from been a reward of 50 bitcoin per block mined to where we now (6.25 bitcoin). The event also signifies the future of bitcoin because as more halving period comes the closer we are to having almost all bitcoin mined which signals bitcoin scarcity. It is this scarcity that causes FOMO which usually leads to a long prolong bull run in the entire cryptocurrency ecosystem.

There are many topics you can come across on the forum itself to help prepare one for the halving approaching. A thread here by 1miau contains recent discussions of how the halving periods seems like for newbies

[Poker Player]

I don't think reddit's answer is that interesting, as he could have simply explained it as it is, and not resort to the analogy of apples, which is also incorrect, because as a comment says with which I completely agree:

The flaw in your explanation is that apples are consumed and bitcoins are not.

Lower production of apples leads to lower supply and higher prices because apples are consumed. In contrast, the supply of bitcoins continues to increase despite lower production. After the halving, people will be "fighting" for more bitcoins, not fewer.

I think using gold as the example instead would be more meaningful because gold also is not consumed.

On the other hand, I agree with your explanation of the speculative bubbles we see.

I, and I think most of us on the forum, understood what a halving was when we were learning about Bitcoin without resorting to analogies.

[Bananington]

Any Bitcointalk member or Bitcoin investor or Bitcoin enthusiast fully understands what the halving means to them because it is still the process of perfecting the idea of BTC.
21million BTC is what's expected to be final amount of BTC mined and until this is achieved, the halving serves to balance this estimated calculation quarterly as it has done since its launch in 2017.
New initiatives will emerge during the time the halving happens and the bull season will be expected from 3-6months after the halving.

Some say it's okay to DCA until a period after the halving, others are hoping to acquire BTC then, while the wise traders who have witnessed other previous halving events and learnt how to take advantage of it, will do so gladly and make their profits.

[benalexis12]

Since the majority of people are aware that when there is a halving, the community anticipates that there will be a significant increase in the value of Bitcoin by next year, now is our chance to perform the DCA while we are waiting for the halving to occur.

Additionally, it's feasible that a bull run will occur following the halving, although this will still depend on what transpires during these timeframes. There is also a risk that, as the halving draws to a close, there will already be a significant boost to Bitcoin's market value before the bull run actually occurs.

[BlackHatCoiner]

Here's something important to know about the halving: don't take price predictions seriously! I mean, check it out. Everyone's somehow under the impression it will skyrocket a couple of months after the halving. Nobody knows what will happen.

I don't think reddit's answer is that interesting, as he could have simply explained it as it is, and not resort to the analogy of apples, which is also incorrect, because as a comment says with which I completely agree:

The flaw in your explanation is that apples are consumed and bitcoins are not.

Lower production of apples leads to lower supply and higher prices because apples are consumed. In contrast, the supply of bitcoins continues to increase despite lower production. After the halving, people will be "fighting" for more bitcoins, not fewer.

I think using gold as the example instead would be more meaningful because gold also is not consumed.

On the other hand, I agree with your explanation of the speculative bubbles we see.

Here's the thing. What defines the price isn't the total bitcoin, but the total bitcoin in circulation. There are thousands of bitcoin which are lost, but they exist as quantities. But, these aren't counted when defining the value, because there is no person offering to selling them in the market. So, indeed, bitcoin is not consumed as apples, but if the block reward gets less and less, there are less bitcoin that enter the circulation by miners. (Overtime, most bitcoin ends up in hodlers' wallets)

[Gladitorcomeback]

I read full article, Writer tried to explain halving with example of apples. Halving is not a complex term and it could be easily understandable. Two economics law  "Law of supply"  and "law of demand" is enough to understand it. We know that Bitcoin supply is limited (21 million coin) and every halving will close btc to its maximum supply. after btc halving new Bitcoin production rate decrease 50% while demand is increasing so increase in price happens after every halving. Fomo trigger among investor, media coverage spread awareness and past history play  an important role in the price surge.

However I would like to share Cz Binance says regarding btc halving

The day after the halving, the bitcoin price won’t double overnight. And people will be asking why it didn’t.
The year after the halving, bitcoin price hits multiple ATH (all time highs). And people ask why. People have short memories.

Source

[Sayeds56]

How is everyone doing? So I stumbled upon a very interesting topic where the user was asking about halving in Bitcoin beginners. The response to that question was so interesting so I thought of sharing it here. Because I believe this answer would clear a lot of newbies and some that don't know about what would happen to Bitcoin during or after halving. I really hope this helps so many people

Traditionally, Bitcoin halving events occur every four years, and as a result Bitcoin reward is reduced for its miners. The next Bitcoin halving event is likely to take place from six to seven months from now. It is important to note that, there are various factors those can influence the  exact timing of halving event including hash rate and difficulty of mining. The Bitcoin community is generally very optimistic anout the next halving, as historically these events have been historically associated with significant price hikes. Hopefully, Bitcoin will break its previous all time high (ATH) of around $69,000, and new ATH will be established.

[Synchronice]

Here's something important to know about the halving: don't take price predictions seriously! I mean, check it out. Everyone's somehow under the impression it will skyrocket a couple of months after the halving. Nobody knows what will happen.

I think that price predictions are there for a reason. It won't turn into one million dollars overnight but the trend is, when halving happens, price increases and there are many reasons why that happens, I say that from my personal research and conclusion. I would say that it's still purely my speculation, can't claim that it's 100% what happens.

• Bitcoin halving means that mining reward decreases by 50% while mining difficulty remains the same. So, miners lose 50% of gross profit. Logically, some miners should leave the game and difficulty should decrease in order to have profitable mining but seems that doesn't happen, people prefer to mine even if they lose money. But here is the thing, big mining pools and companies probably prefer to hold coins and don't sell them to exchanges until price rises enough to make mining profitable again.
• Bitcoin halving happens once every four years, so, this is definitely a thing that attracts everyone's attention, including news media and people who actively post in social medias. At the same time, such an increased interest in bitcoin pushes businesses to adopt it because they see that competitors are actively building their businesses around bitcoin and with the increasing number of bitcoin users, are becoming competitors of fiat analogue businesses.

[Upgrade00]

Because I believe this answer would clear a lot of newbies and some that don't know about what would happen to Bitcoin during or after halving. I really hope this helps so many people

During the halving the protocol changes reducing the amount of Bitcoin being pushed into circulation by half for the next 210,000 blocks before it will be cut in half again. Bitcoin does not change, it just functions as it was designed to. It is the market that changes.

No one knows what will happen to the market after the halving. Using past events we all expect a price increase within 1-2 years of the halving. There is no guarantee of this or to what extent the increase can be, but there's a strong possibility it will happen due to market forces of demand and supply coming into play.

The analogy the author fails to factor in that all other bitcoins produced are still in circulation (those not lost yet) forming the supply. And he gave price expectations going as high as $270k. Newbies lick up predictions like this and go into fomo mode.

[BigBos]

There is nothing hard to know about bitcoin halving. It occurs after every 210000 block has been mined. The next halving will occur after block 840000 has been mined which is estimated to be in April 2024.

After halving, people fomo and buy bitcoin which may likely still happen after 2024 halving. Months after halving, the price of bitcoin will increase as more people invested in it and as more money is invested on it.

Edit:
After halving, bitcoin mining reward will halve. The reward is 6.25 BTC right now. It will halved and become 3.125 BTC.

In my opinion, the concept of block mining is still high enough for beginners to understand. Maybe we can look for other examples with things that are common or often encountered regarding how important Bitcoin's value will be during the halving. For example, providing a comparison of Bitcoin price movements every time it touches ATH. Because that way beginners will be more interested. When it comes to convincing novice investors we are always faced with basic questions. So taking concrete examples will be a solution to provide understanding more quickly.

[jasonjm]

There are only a few things to learn when it comes to BTC halving;

> Mining reward will halve (For example, Mining reward before halving: 2 BTC, Mining reward after Halving: 1 BTC)
> BTC pumped and touched new ATH after halving
> 4th Havling coming in April 2024
> Halving will continue until 2140


If you want to learn more about the halving and in-depth analysis, please consult the following links;

https://www.investopedia.com/bitcoin-halving-4843769
https://cointelegraph.com/learn/bitcoin-halving-how-does-the-halving-cycle-work-and-why-does-it-matter
https://www.forbes.com/uk/advisor/investing/cryptocurrency/bitcoin-halving/

[Best-mary]

There is nothing hard to know about bitcoin halving. It occurs after every 210000 block has been mined. The next halving will occur after block 840000 has been mined which is estimated to be in April 2024.

After halving, people fomo and buy bitcoin which may likely still happen after 2024 halving. Months after halving, the price of bitcoin will increase as more people invested in it and as more money is invested on it.

Edit:
After halving, bitcoin mining reward will halve. The reward is 6.25 BTC right now. It will be halved and become 3.125 BTC.

In my opinion, the concept of block mining is still high enough for beginners to understand. Maybe we can look for other examples with things that are common or often encountered regarding how important Bitcoin's value will be during the halving. For example, providing a comparison of Bitcoin price movements every time it touches ATH. Because that way beginners will be more interested. When it comes to convincing novice investors we are always faced with basic questions. So taking concrete examples will be a solution to provide understanding more quickly.

Exactly! This is what I had in mind. The way we understand Bitcoin might not be the same way others particularly those newly into crypto would understand it.

Let's talk about trading for instance. When someone new wants to trade we tend to tell them to start with Spot trading to understand the basics of trading. All of them still consist of buy and sell or we either tell them to use Copy trading. Major exchanges do have good traders for that. Little things like this would help those eager to learn to understand the foundation before diving into it

[Learn Bitcoin]

I appreciate that you thought about the forum people and wanted to help them by sharing the knowledge you found on other platforms. But what I can tell you is that this forum already has better information than Reddit threads. Some knowledgeable users can answer better than others. The problem for Reddit users is we don't know if they have any reputation or not. I do not understand the reputation system of Reddit. In comparison, I know which users' answers I can trust and which users' answers cannot. Anyways, it's basic information that the block reward will be divided into after the halving event.

[kingvirtus09]

When I discovered that the Bitcoin halving was appropriate for what I was doing at the time, I had already started building up the potential cryptocurrency I had seen when it coincided with a rise in Bitcoin's market price. So, a few months back, I was completing the DCA.

As a result, it is certain that the altcoins will follow Bitcoin's movement during the future halving, knowing that Bitcoin's value price has increased on its own day. Additionally, I believe that this time it would be very difficult for the holders to increase their funds.

[Ndabagi01]

When many people first heard about bitcoin and the principles of bitcoin, it is highly probable that the person telling you about it or where you went to explore it talked about bitcoin halving. Because of the consequence that occurs with the event of halving, bitcoin halving has become a household name in the bitcoin community.

That is when miner’s payouts are halved and bitcoin holder’s portfolios are boosted by the latter action of bitcoin halving, which normally results in a bull run. One unique aspect of the halving is that it causes not only bitcoin but also alt coins to rise in price at the same time. This is not a recommendation to invest in altcoins, not all of them will survive the market volatility when the time comes.

[sheenshane]

I tend to agree with the comment there, it's a wrong comparison of an apple.

We've also an interesting topic here regarding Bitcoin halving not only on Reddit.
Besides, there are too many articles now that you can read regarding halving and it's explained well. (example)

The price was expected to grow after halving but still, there's no accurate time frame when it will happen.
Based on previous results, it occurs 6 months to one year because the all-time high will come.

[Doan9269]

How is everyone doing? So I stumbled upon a very interesting topic where the user was asking about halving in Bitcoin beginners. The response to that question was so interesting so I thought of sharing it here. Because I believe this answer would clear a lot of newbies and some that don't know about what would happen to Bitcoin during or after halving. I really hope this helps so many people

This is not the first time that there have been discussions on bitcoin halving, alot have already said, bitcoin Halving is believed to occur every four years interval, we are expecting next year to be the next time for another occasions of such experience which always follow by bullrun and then the market go more favourable on bitcoin investors, part of the excitement is the provision for that awaited avenue to be profitable over one's bitcoin investment, there's alot that had already been talked about on halving which have been to every investors advantage and benefits.

[CryptoGirl_200x]

How is everyone doing? So I stumbled upon a very interesting topic where the user was asking about halving in Bitcoin beginners. The response to that question was so interesting so I thought of sharing it here. Because I believe this answer would clear a lot of newbies and some that don't know about what would happen to Bitcoin during or after halving. I really hope this helps so many people

https://www.reddit.com/r/BitcoinBeginners/comments/173epdp/what_happens_to_the_price_of_bitcoin_during/k42gkfw?utm_source=share&utm_medium=android_app&utm_name=androidcss&utm_term=1&utm_content=share_button

Enjoy!

Bitcoin halving is a very popular event in this industry, and personally, I do not see any need of sharing this here since its already of the most discussed topic, both in and outside this forum, its an event and a season crypto investor looks forward to.

Charles-Tim already touched on the number aspects of the event, so there really no need going into that aspect of it, but the long and short of it is that, Bitcoin halving is an event and a season every crypto believer does and should always look forward to .