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Author Topic: What exact bitcoin market price would the halving slash from?  (Read 29 times)
AVE5 (OP)
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April 16, 2024, 04:56:54 AM
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While I haven't acquired much experiences in this crypto sphere that much and despites how excited I may have experienced with my assets holding in the bitcoin industry, I still feel far lost and hope to get this fact of the halving season right which investors has been speculating about that it's a period of time which miners rewards is being reduced from their service incentive offers of transactions and implementing new blockchains.

It has been a Speculation by most experienced investors that the halving is a reduction and would experience bitcoin market slash.
So I needed to know, at what bitcoin value/price is the halving being expected to slash from? I understand that bitcoin price is unpredictable so maybe I should turn it up other way round, are we expecting a new ATH and therein the exact value/price is then tendered to be slashed from it?
My concern is at what bitcoin market value is the slash for the halving being expected to occur?

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April 16, 2024, 05:20:00 AM
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I believe you've gotten the main idea of the bitcoin halving wrong.
I'll see how I can simplify it for you to the best of my ability.
The halving doesn't mean that the price of itself will be slashed in halves, no what really happens on the bitcoin halving is that, according to how the bitcoin protocol has been designed, the system is supposed to adjust the bitcoin mining difficulty as well as the miners' block reward once miners have successfully achieved a total number of 210,000 blocks, and this process is  often expected to occur automatically every four years.

The last Bitcoin halving happened in May 2020, as of then, the mining or block reward for miners was 12.5 BTC and it was slashed into 2 halves, reducing the mining reward from 12.5 BTC to 6.25 BTC per block. So it's not the price of bitcoin itself that's slashed in halves but the reward for miners' per block. So this coming Halving, the reward for miners will will be cut from 6.25 BTC to 3.125 BTÇ which is half of the previous mining reward per block.

I believe you should understand the mechanism now.
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April 16, 2024, 06:47:54 AM
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My concern is at what bitcoin market value is the slash for the halving being expected to occur?
what happens during the halving is that the amount of bitcoin available as rewards for miners is cut in half. This makes mining less profitable and slows the production of new bitcoins. It's believe that Bitcoin scarcity gives it value, In each of the three previous halving events the price at the end of the year in which the halving occurred exceeded the price at the occurrence of the halving and so one could draw some conclusions from what played out during previous halving but we know these are all speculation that might not exactly plqy out the same way previous halving did.

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