Advantages of Bitcoin halving

[Grace333]

Hello guys

I believe we're all familiar with the upcoming halving and the term halving itself, so this thread won't be carrying any strange content. However the halving is predicted to occur this month, and any moment from now it might occur but the question is, what are the benefits of the halving? To some miners it's just a reduction to their reward which is kind of discouragement to them, because the cost of fuel or electricity would always remain the same or increase if possible, and after the halving comes the price correction which would also reduce the price of Bitcoin drastically. Initially the halving was encoded into the Bitcoin network to continue to reduce the miners reward by 2 until there are no more Bitcoin to be mined.

But all those are the disadvantages of the halving, why don't we talk about the advantages, the halving reduces the miners reward by 2 and that create scarcity which in turn make the worth of Bitcoin to increase when compared with USD or any other valuable asset. The worth of Bitcoin when the reward was 50btc  is far lower than what we have now for 6.25, so definitely miners will still have enough to pay their bills and still have some profits because the worth of Bitcoin will increase no matter what. So those who are yet to start holding, or those thinking of selling their Bitcoin to chase after some shitcoin, there is still hope of Bitcoin giving you a valuable profit if only you hold and exercise patient.

[1714675007]

1714675007

[AVE5]

Let me just report to this by the topic. The advantage of the halving is the chances it brings for investors to accumulate more of bitcoin to their assets, gives room for those excusers that bitcoin is too expensive to also the attractive tense to buy bitcoin and hodl.
But are you just talking about the advantage? Because the excuses to look the other way round would be some kind of those who decorates bitcoin with beautiful works of its rewards without talking about the risk sides.
So right here let's also say it has disadvantage which is the depreciation of the bitcoin at a point some investors has invested a lot and has also made much profits but then the halving just comes and made away with some percentages of It all that they've gathered and hoping to cash It out in a short while before the halving strikes the market.

Not every investors that actually needed that halving in a matter of time because they've accumulated a lot  and just want to see their assets growing. Right on there of a situation like this, the market is said to o be biased and as inventors goals are not the same, so also is their emotions so, the halving actually cones with the Positive and negative according to different investors emotions.

[Zigabel]

Throughout the cycles of Bitcoin, asides from the bearish points, in the bullish and the halving periods, hodling has always been the best approach to staying profitable because if only you are able to hold long enough before the bearish market, you get to see so much profits that you can never even imagine because you can always be sure that the price will never remain same as when you bought it after halving comes a bull market which will mean increase in the price of Bitcoin but then after the bull market comes the bear so knowing these times too has a way of affecting how profitable you can be in the market aswell.

Bitcoin for me have a totality of an upward movement and that has been one of the greatest advantage we see from the halving because even after the bearish market, the bull market always gets Bitcoin to strike a new high such that we are definitely not getting anywhere below certain lows that Bitcoin has left, a typical example is the $10k low, that was once a big for bit coin but currently it may never get to go below that anymore and whosever bought at that price is definitely in good profit even amidst this whole ups a d down of Bitcoin.

[rachael9385]

Bitcoin halving normally dey come with one of the greatest opportunity to buy more especially during the price correction when the price of Bitcoin go come down small. For long term holding when you buy more this period and wait patiently, the outcome would always be exciting at the end because, Bitcoin na rise e dey rise pass the dump, and that na why from when Satoshi create Bitcoin till now, Bitcoin don increase with more than hundreds of thousands of percent. Then when we dey talk about miners and their reward, at first e dey always be like say, their choppings dey come down, come even join the price correction but after like 2years I no sure say them go dey feel the impact again.

Anything concerning Bitcoin, be it mining, holding.... Na now be the best time to enter inside, because after some years from now, the price of Bitcoin no go be like this again, e go pump and and when we talk about mining, after now I believes say more miners go begin to dey see opportunity from mining and them go enter inside the business and that one go come create very high competition between miners who go first guess the block. So now is the best time to do anything Bitcoin.

[Kelward]

Bitcoin miners no suppose complain about their rewards wey de cut in half during halving, because plenty times wey we de get network congestions wey transaction fees go skyrocket, dem de get over plenty rewards, unto say dem go first confirm di transactions dem wey carry plenty fees. I de very happy say Bitcoin system de very organized, especially for dis time of halving wey de create scarcity, after dat demand go increase wey go eventually make price to increase and we go enter bull run. So make we no join odas to panic and sale as price de dip, Aldo e don appreciate small today, after halving bull run go gradually start.

[Asiska02]

People don’t even look into the disadvantage of bitcoin like they do to the advantages. The advantage of it is what brought many people into the crypto space just at the time when the halving is fast approaching. The rise in price of bitcoin that follows after the bitcoin halving and the period of bull run is what entice many people to join also. The disadvantages is mostly felt by miners and the law of demand and supply intercede and makes everything balance for them. So in the end, it’s a win-win for all, both miners and investors.

[Coyster]

If person wan sell their coins when Bitcoin halving dey very close, because dem wan put the money for altcoins, then dem no really know wetin dem dey do. Hodling Bitcoin as halving dey very close is a no-brainer and anybody wey don experience past halvings go make sure say dem hodl their coins. This year fit even bring something wey dey unprecedented as Bitcoin spot etf's were approved in the United states, so coupled with Bitcoin halving wey go soon happen, the price suppose pump very high, but make we see wetin go happen.

[Franctoshi]

If person wan sell their coins when Bitcoin halving dey very close, because dem wan put the money for altcoins, then dem no really know wetin dem dey do. Hodling Bitcoin as halving dey very close is a no-brainer and anybody wey don experience past halvings go make sure say dem hodl their coins. This year fit even bring something wey dey unprecedented as Bitcoin spot etf's were approved in the United states, so coupled with Bitcoin halving wey go soon happen, the price suppose pump very high, but make we see wetin go happen.

True talk holding Bitcoin at first is just the best way to start with this bull market because when the real bull market will kick-start, Bitcoin usually be the coin that we will see move first as the leader in this market, and usually leaves Altcoins behind before the Altcoins will begin catch up with Bitcoin, we all saw what happened when Bitcoin break $35k ,Bitcoin significant moved in the peice while nothing was happening in the Altcoin Market.

[Mate2237]

The halving is just 30 blocks to go and this what is written in the mempool "Bitcoin's 4th Halving in 30 blocks!". So probably we are expecting the halving from today either the morning or afternoon and I don't think the remaining blocks will reach evening. As some people commented, in Bitcoin people see the advantages of it than the disadvantages. And in all level miners dey make money.

And di investors also dey make profit from di halving because as di price dey go down dem go buy and sell when di price go up. But dis year halving wey want to occur I never understand am oh because di price of bitcoin dey go up like this.

[DubemIfedigbo001]

This kind topic dey good to dey come from time to time make people dey constantly reminded on the positive ROI wey dey for bitcoin investment, although you go give your investments some time to give you gains, but e worth am. Bitcoin halving get plenty advantage and the ogbonge one be say e dey make bitcoin investors rich. Bitcoin don dey experience dips currently as we dey expect, but after the halving, things go surely take a different turn and the prices go push up way be wetin we dey call bull run.

I read one story when one new investor dey chat em investment adviser say em coins dey intact, but somebody dey collect em money. Some people dey panic unnecessarily when them dey  experience bearish trend for their investment and sometimes I no dey blame them because them never see bull run, na only who don experience am go fit understand perfectly how the gains go come. I dey encourage everybody not to sell, but hold enough to  partake in the blessings that come with the halving and the bull run that good afterwards. Bitcoin its the only cryptocurrency wey I know say gains is assured if only you fit wait long enough and not panic sell your coins

[Belarge]

If person wan sell their coins when Bitcoin halving dey very close, because dem wan put the money for altcoins, then dem no really know wetin dem dey do. Hodling Bitcoin as halving dey very close is a no-brainer and anybody wey don experience past halvings go make sure say dem hodl their coins. This year fit even bring something wey dey unprecedented as Bitcoin spot etf's were approved in the United states, so coupled with Bitcoin halving wey go soon happen, the price suppose pump very high, but make we see wetin go happen.

Bitcoin is broad and never stop from cheating billings involving losses. We have so advantages of bitcoin-halving in the market sector. Know the small information that's concrete about us. Bitcoin have thrown most of the crucial phase of crypto into dormant movement, there have never basic figures to ask for favour. There are things that would happen to people, we would clearly get there. Investors will remained patient especially the ones that's holding bitcoin and knowing the targeted prices.

[CryptopreneurBrainboss]

I believe we're all familiar with the upcoming halving and the term halving itself, so this thread won't be carrying any strange content. However the halving is predicted to occur this month, and any moment from now it might occur but the question is, what are the benefits of the halving? To some miners it's just a reduction to their reward which is kind of discouragement to them, because the cost of fuel or electricity would always remain the same or increase if possible, and after the halving comes the price correction which would also reduce the price of Bitcoin drastically.

Bitcoin Halving benefits everyone, the miners oh, traders oh, investors oh, everybody benefits from the halving. Na just miners wey go get small disadvantage at the early stages after the halving done finish because dem go get 50% reduction in profits wey dem dey get based on the mining rewards but if dem hodl na dem go benefits am pass because when Bitcoin price increases e go give them better profits even pass the gain then suppose get immediately . Mining reward go reduce but the price of Bitcoin go increase so no be totally loss for the miners, na when if the price no go increase na the time you fit say miners dey lose but na dem dey benefit pass at the ending.

You dey forget say miners still dey receive transactions fees so dem still they make money and no be say dem go dey in total loss. Halving has a long term benefits to the whole industry and it has no disadvantages.

So those who are yet to start holding, or those thinking of selling their Bitcoin to chase after some shitcoin, there is still hope of Bitcoin giving you a valuable profit if only you hold and exercise patient.

So this is how the market reacts to Bitcoin halving, na Bitcoin go first benefits so if you dey sell Bitcoin before or after halving, na yourself wey you dey do  and you need check up with your pastors because your family people fit dey do something for the background. I no go tell you make you no invest for altcoins or anything wey you like because everybody grace different but no dey think say selling Bitcoin to buy shitcoin na good decision. You're losing money in the long run because chances dey self say when you have made that profit from that shitcoin wey you buy, you go still lose an to the market by chasing another shitcoin but investment in Bitcoin go make you dey think long term and continue hodling.

[Proty]

Hello guys

I believe we're all familiar with the upcoming halving and the term halving itself, so this thread won't be carrying any strange content. However the halving is predicted to occur this month, and any moment from now it might occur but the question is, what are the benefits of the halving? To some miners it's just a reduction to their reward which is kind of discouragement to them, because the cost of fuel or electricity would always remain the same or increase if possible, and after the halving comes the price correction which would also reduce the price of Bitcoin drastically. Initially the halving was encoded into the Bitcoin network to continue to reduce the miners reward by 2 until there are no more Bitcoin to be mined.

But all those are the disadvantages of the halving, why don't we talk about the advantages, the halving reduces the miners reward by 2 and that create scarcity which in turn make the worth of Bitcoin to increase when compared with USD or any other valuable asset. The worth of Bitcoin when the reward was 50btc  is far lower than what we have now for 6.25, so definitely miners will still have enough to pay their bills and still have some profits because the worth of Bitcoin will increase no matter what. So those who are yet to start holding, or those thinking of selling their Bitcoin to chase after some shitcoin, there is still hope of Bitcoin giving you a valuable profit if only you hold and exercise patient.

The law of supply and demand  ,state that the higher the supply the lower the quantity demand, bitcoin halving reduces the supply of new bitcoin and as such the law of supply and demand will take place, so if demand increase s the prices of bitcoin will rise. More also bitcoin halving give investor de opportunity to accumulate a large amount of bitcoin at a lower price .

[rachael9385]

Hello guys

I believe we're all familiar with the upcoming halving and the term halving itself, so this thread won't be carrying any strange content. However the halving is predicted to occur this month, and any moment from now it might occur but the question is, what are the benefits of the halving? To some miners it's just a reduction to their reward which is kind of discouragement to them, because the cost of fuel or electricity would always remain the same or increase if possible, and after the halving comes the price correction which would also reduce the price of Bitcoin drastically. Initially the halving was encoded into the Bitcoin network to continue to reduce the miners reward by 2 until there are no more Bitcoin to be mined.

But all those are the disadvantages of the halving, why don't we talk about the advantages, the halving reduces the miners reward by 2 and that create scarcity which in turn make the worth of Bitcoin to increase when compared with USD or any other valuable asset. The worth of Bitcoin when the reward was 50btc  is far lower than what we have now for 6.25, so definitely miners will still have enough to pay their bills and still have some profits because the worth of Bitcoin will increase no matter what. So those who are yet to start holding, or those thinking of selling their Bitcoin to chase after some shitcoin, there is still hope of Bitcoin giving you a valuable profit if only you hold and exercise patient.

The law of supply and demand  ,state that the higher the supply the lower the quantity demand, bitcoin halving reduces the supply of new bitcoin and as such the law of supply and demand will take place, so if demand increase s the prices of bitcoin will rise. More also bitcoin halving give investor de opportunity to accumulate a large amount of bitcoin at a lower price .

Bitcoin halving nah another good opportunity wey be say we as a bitcoiners to take invest in Bitcoin because the price go drop small for us so that those wey no buy and as e been high go buy. And as Bitcoin go drop small many pipo no go won lose, them go also try to sell them coins so that if e reduce them go use all the money wey them get buy am. E good make person take em time dey understand watin Bitcoin investment be so that em go know how em go take make better profits for Bitcoin.

[Makus]

You dey forget say miners still dey receive transactions fees so dem still they make money and no be say dem go dey in total loss. Halving has a long term benefits to the whole industry and it has no disadvantages.

Make I add to wattin our boss don talk, miners still dey benefit from the halving in the sense that, currently as the halving don happen so though miners reward don reduce oo, but that transaction fee come increase due to mempool congestion, too many transaction don full the memory pool wey dey wait for miners to pick, and the possibility of miners to pick your transaction fast depends on your transaction fee. If your transaction fee high e go make them see your transaction as higher priority over those with small transaction fee. So if them ask me, I go say this increase in transaction fee just be like compensation to the miners for the reduction of their reward I to half.

This na the first halving wey I dey experience as a Bitcoin enthusiast, and I dey wait patiently to see how the dip the price of Bitcoin go go, before the bull start again.

So those who are yet to start holding, or those thinking of selling their Bitcoin to chase after some shitcoin, there is still hope of Bitcoin giving you a valuable profit if only you hold and exercise patient.

Normally when the price correction take place and Bitcoin start to dey dump in price, that na very good opportunity to start to dey accumulate more, because if you buy at that dip price, when the pump start, say Bitcoin come reach this ATH again, you go just dey smile because your profit go full ground. But the only thing na besay we no know when the bull go start to take place, but if you dey use the DCA strategy, I no sure say that one go be problem for any investor except say you dey procrastinate your accumulation.

[7juju]

You dey forget say miners still dey receive transactions fees so dem still they make money and no be say dem go dey in total loss. Halving has a long term benefits to the whole industry and it has no disadvantages.

Make I add to wattin our boss don talk, miners still dey benefit from the halving in the sense that, currently as the halving don happen so though miners reward don reduce oo, but that transaction fee come increase due to mempool congestion, too many transaction don full the memory pool wey dey wait for miners to pick, and the possibility of miners to pick your transaction fast depends on your transaction fee. If your transaction fee high e go make them see your transaction as higher priority over those with small transaction fee. So if them ask me, I go say this increase in transaction fee just be like compensation to the miners for the reduction of their reward I to half.

Normally the miner has to look for a way to survive, especially now that their reward has been halved due to the halving that just happened. But they should not make the fee too high so that it won't be affecting traders too much. As you dey try chop from your side make your chopings no come be problem for other people.

[DaNNy001]

Truly Bitcoin halving come with many benefits and e dey touch everybody round, Na just miners Naim go first dey reason say their chopping don cut into two, but after when bull don start, dem no go reason that one again because their reward price go come get value, but before then make we no forget say them dey enjoy the increase in transaction fee just as makus talk, the halving they reduce the supply and increase de scarcity wey go come latter make the price increase wotowoto. Though based on the amount them dey spend on electricity I no go fit talk say dem dey make am well well, but one thing is certain, say if profit no dey many for don quit.

[Kliss]

Bitcoin halving present a great opportunity to buy more Bitcoin, especially during the price correction when the price temporarily dips. This correction is a natural part of the market reaction to the halving. some investors may panic and sell their Bitcoin, causing the price to drop. But some investors see this as an opportunity to buy more Bitcoin at a lower price before it potentially rise again in the Long run. If you have a long term holding strategy buying more during this period can be really exciting. Bitcoin has shown remarkable ability to rise in value overtime even surpassing market downturns. While mining bitcoin the rewards may initially decrease the impact becomes more significant. As more miners enter the business competition increases and it becomes a race to guess the next block. So getting involved or taking advantage in bitcoin now whether through mining or holding can be a smart move.