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Author Topic: Bitcoin Halving only 1 year away  (Read 919 times)
Ale88
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May 04, 2023, 08:26:50 PM
 #101

After Bitcoin's block rewards were halved the last time in May 2020 from 12.5 BTC to 6.25 BTC per Block, we'll see a new halving in 2024 (expected to be in April 2024), decreasing Bitcoin's block reward from 6.25 BTC (which is valid actually) to 3.125 BTC per block.

And honestly, we need to admit that 3.125 BTC per block is very low:
Bitcoin's halving is reminding everyone once more, how truly scare Bitcoin really is.  Smiley
So, important reminder for everyone how close we are already to Bitcoin's Halving.
Only 1 year to go.  Wink
It's crazy to think how time flies, I can't believe next year the rewards will be so small, at least looking from a bitcoin amount, of course if we think is US$ it's a lot of money anyway, especially because the value after the halving will keep growing. And yet there are so many people who think they're late to the bitcoin party, they really have no idea of the mistake they're making...

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May 04, 2023, 08:39:55 PM
 #102

After Bitcoin's block rewards were halved the last time in May 2020 from 12.5 BTC to 6.25 BTC per Block, we'll see a new halving in 2024 (expected to be in April 2024), decreasing Bitcoin's block reward from 6.25 BTC (which is valid actually) to 3.125 BTC per block.

And honestly, we need to admit that 3.125 BTC per block is very low:
Bitcoin's halving is reminding everyone once more, how truly scare Bitcoin really is.  Smiley
So, important reminder for everyone how close we are already to Bitcoin's Halving.
Only 1 year to go.  Wink
It's crazy to think how time flies, I can't believe next year the rewards will be so small, at least looking from a bitcoin amount, of course if we think is US$ it's a lot of money anyway, especially because the value after the halving will keep growing. And yet there are so many people who think they're late to the bitcoin party, they really have no idea of the mistake they're making...

Time flies so fast when we're busy working lol.
Next year is gonna be a challenge not only for those who wants to enter Bitcoin with everything they have hoping to get good returns, but it is a huge challenge for the miners who's going to earn 50% block rewards than what they are earning today. Some might quit, some will strengthen because they knew what Bitcoin is capable of.
I pity those who thinks they're late for the Bitcoin party and struggles to decide whether or not to purchase Btc. They will get nothing but more regrets in the future.

R


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serjent05
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May 04, 2023, 08:58:53 PM
 #103

Not a big deal again that bitcoin halving happens every four years, where the amount of new Bitcoins created by the Bitcoin network is reduced by half. This controls the supply of new Bitcoins to prevent inflation and makes it more valuable over time. Back to history; The first halving was in 2012 when 50 Bitcoins were reduced to 25, and the second was in 2016 when 25 Bitcoins became 12.5. The most recent was in 2020, where 12.5 Bitcoins became 6.25. So., Investors, traders, and miners should keep an eye on Bitcoin halving as it has been followed by a significant increase in Bitcoin's price in the past.

I disagree, I think Bitcoin halving is a big deal since it reduces it block reward by half.  This lower the supply and often time it is the catalyst to a bull run that leads to new records of all-time highs.  It is also one of the features of Bitcoin that caters or attract more investors because of the system's anti-inflation and its tendency to deflate due to some users losing their access to their wallets.  If it is not a big deal then why would investors, traders and miner to keep on ey to the Bitcoin halving?

It's crazy to think how time flies, I can't believe next year the rewards will be so small, at least looking from a bitcoin amount, of course if we think is US$ it's a lot of money anyway, especially because the value after the halving will keep growing. And yet there are so many people who think they're late to the bitcoin party, they really have no idea of the mistake they're making...

Yeah, time really flies so fast especially when we are busy with things in our hands. The year when I first got into Bitcoin was just like yesterday.  And now experiencing the halving for the third time is just less than 1 year away.

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May 04, 2023, 09:44:10 PM
 #104

It's crazy to think how time flies, I can't believe next year the rewards will be so small, at least looking from a bitcoin amount, of course if we think is US$ it's a lot of money anyway, especially because the value after the halving will keep growing. And yet there are so many people who think they're late to the bitcoin party, they really have no idea of the mistake they're making...
We don't have to regret what we have missed in the past, but something wrong must be corrected to prepare for a better future. There is no point regretting what is behind, but the valuable lesson is that we may have to be absolutely sure not to miss this important moment especially for long term investment purposes.

I hope the bitcoin price is comparable to the bitcoin reward after the halving. The lower the reward, then I hope miners will still stick around to do it if bitcoin is 2x to 3x more expensive than it is right now.

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January 21, 2024, 05:54:21 PM
 #105

Let's have an update here.  Smiley
Halving is only 100 days away (87 days and a few hours, to be more accurate):



https://buybitcoinworldwide.com/halving/

Overally, Bitcoin is looking extremely bullish after ETF approval.
Transaction fees are already considerably lower compared to few weeks ago.
Halving will be next, where Block rewards will be lowered from 6.25 to 3.125 BTC per mined Block.

I don't see much reasons currently to be bearish on Bitcoin.  Smiley

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January 22, 2024, 08:03:09 AM
 #106

Overally, Bitcoin is looking extremely bullish after ETF approval.
To me the ETF approval is a good thing even though it did not produce the price rise I expected. Overall the market is looking great, as can be seen from the reluctance of the market to go below $41k in a retracement that have tarried for about two weeks now. It shows the upward potential is still stronger than ever.

Transaction fees are already considerably lower compared to few weeks ago.
Halving will be next, where Block rewards will be lowered from 6.25 to 3.125 BTC per mined Block.

I don't see much reasons currently to be bearish on Bitcoin.  Smiley
Instead of being bearish, I think its wiser to use the retracement as opportunity to buy more. I have strong believe that the halving will lead to a massive rise in price. I understand some people might become skeptical about bull run as the ETF could not activate it completely. The big pockets might just be playing with our emotions and decide to use the halving instead.

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