Understanding Bitcoin halving and it's long term impact

[Xackie]

Bitcoin halving is an event that  usually occurs every four year cycle where miners   block reward is reduced by 50% in very 210,000 blocks.
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‎This is the period Halving started and will finish.
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‎Found out I can't post pictures yet so had to use table
‎Table source: Chat gpt
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‎ Year Block Reward (BTC) ‎ 2009 50 ‎ 2012 25 ‎ 2016 12.5 ‎ 2020 6.25 ‎ 2024 3.125 ‎ 2028 1.5625 ‎ 2032 0.78125 ‎ 2036 0.390625 ‎ 2040 0.1953125 ‎ 2044 0.09765625 ‎ 2048 0.048828125 ‎ 2052 0.0244140625 ‎ 2056 0.01220703125 ‎ 2060 0.006103515625 ‎ 2064 0.0030517578125 ‎ 2068 0.00152587890625 ‎ 2072 0.000762939453125 ‎ 2076 0.0003814697265625 ‎ 2080 0.00019073486328125 ‎ 2084 0.000095367431640625 ‎ 2088 0.0000476837158203125 ‎ 2092 0.00002384185791015625 ‎ 2096 0.000011920928955078125 ‎ 2100 0.0000059604644775390625 ‎ 2104 0.00000298023223876953125 ‎ 2108 0.000001490116119384765625 ‎ 2112 0.0000007450580596923828125 ‎ 2116 0.00000037252902984619140625 ‎ 2120 0.000000186264514923095703125 ‎ 2124 0.0000000931322574615478515625 ‎ 2128 0.00000004656612873077392578125 ‎ 2132 0.000000023283064365386962890625 ‎ 2136 ~0 ‎

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‎Why Halving is important
‎This lowers the supply of bitcoins entering the market, which increases scarcity and can act to raise its price if market conditions remain the same.
‎We should also know that Halving doesn't cause instant pump on Bitcoin price, but it happens gradually.
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‎It solidifies bitcoin’s status as a store of value. A slower supply against a rising demand ensures that bitcoin is worth even more over time. Considering market sentiments and the craving for scarce commodities, the effect of Halving on bitcoin’s value exceeds the boundaries of demand and supply economics. [source=. https://www.coingecko.com/en/coins/bitcoin/bitcoin-halving?cgAndroidWebView=true]
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‎How does a bitcoin halving work?
‎A bitcoin halving is built into the network’s underlying blockchain software, which dictates the rate at which new bitcoins are created. The software requires computers in the network to compete to verify transactions through a process known as ‘mining’ and rewards them with a number of new bitcoins when they can prove that the transactions they have selected are valid. Transactions are verified in groups called ‘blocks’ and the network is coded to halve the reward received by miners every 210,000 blocks. Source= https://www.ig.com/en/bitcoin-btc/bitcoin-halving
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‎What happens when all 21 million bitcoins have been mined?
‎When the maximum supply of 21 million bitcoins has been mined, users will no longer receive new bitcoins for verifying blocks. However, they will continue to receive transaction fees contributed by those making payments as an incentive to verify transactions. It is estimated that the last new bitcoin will be mined in 2140. At this point, the cryptocurrency will become deflationary as coins can be ‘lost’ through user error for example, by sending coins to an invalid address. Source= https://www.ig.com/en/bitcoin-btc/bitcoin-halving
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[Doan9269]

Halving is important because half of the previous block reward is being given and this come after the period of 4 years, one of the notable features today is the increasing value of the market price of Bitcoin, because receiving half of the reward signifies that the value would have increased or doubled after the cycle of this four years is made complete, so it's a vice versa experience that made it on a profiting achievement, has the value increases while the reward reduces, making the complete balance for us to always see bitcoin appreciating in value in respect to time

[Wiwo]

notable features today is the increasing value of the market price of Bitcoin, because receiving half of the reward signifies that the value would have increased or doubled after the cycle of this four years is made complete,

This is not true, bitcoin halving doesn't guarantee that the value will increase or double as you make it sound, if the block rewards get halfed as rewards to miners, yes the amount of bitcoin in supply will reduce, that can increase the value if the demand for bitcoin remains the same or increased pass previous pre halving date.

What increase the price of bitcoin are:

1: Investors demand.

2: government crypto friendly regulations.

3: high liquidity injection from cooperate organisation like ETFs.

[Dr.Bitcoin_Strange]

This is not rockets science nah bro, the topic have been discussed countless time and it has also been discussed by some members recently last year still by a newbie, the question is, why are newbies the people that always like to create this topic that are already known, @OP, I'm not trying to discourage you but you need to create something that is unique and needed, not what is already known by the people, mostly by a lot of people.

[Emjay24]

I understand you're learning, but it is not wise to start teaching what you do not understand very well yet. Your whole writeup is just basically a copy and paste from AI and web and it only tells me that you are not knowledgeable at all on this which I should call the simplest topic about bitcoin.

Try to refrain from creating topics until you've at least known some few basics about bitcoin, this is a time you've got to read more than you post at least to gather some knowledge you would share.

‎What happens when all 21 million bitcoins have been mined?
‎When the maximum supply of 21 million bitcoins has been mined, users will no longer receive new bitcoins for verifying blocks. However, they will continue to receive transaction fees contributed by those making payments as an incentive to verify transactions. It is estimated that the last new bitcoin will be mined in 2140. At this point, the cryptocurrency will become deflationary as coins can be ‘lost’ through user error for example, by sending coins to an invalid address. Source= https://www.ig.com/en/bitcoin-btc/bitcoin-halving
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People have been losing coins even before now and there are varieties of reason that can make you loose coins which includes but is not limited to

• Loosing you seed phrases or private keys without a proper offline backup
• social engineering and device exploits e.g clipboard malware injection, zero click exploits, e.t.c
• phishing sites
• Sharing your seed phrases with a third party or storing it online
• Not backing up your wallet.dat file especially for those that use bitcoin core

Telling us this happens "when all 21 million bitcoins have been mined" is a big misinformation, learn before you teach.

[I_Anime]

Be careful on how you make use of Ai, there’s nothing wrong with using Ai to research but there’s a way you can use Ai that’s against the forum policy  and stuff . Yes bitcoin halving will continue to bring positive vibe to the market , which is all about reducing the reward miners get for mining new blocks by 50% . Which will lead to reduction of Bitcoin supply , leading to scarcity and same time leading to more demand , due to many factors like the previous halving a lot of folk came into Bitcoin to partake in the opportunity too . Because market prices will surge and mining would be happy and sad same time due to their reward being reduced, and happy because the price will be on uptrend movement.

[Jubilee58]

notable features today is the increasing value of the market price of Bitcoin, because receiving half of the reward signifies that the value would have increased or doubled after the cycle of this four years is made complete,

This is not true, bitcoin halving doesn't guarantee that the value will increase or double as you make it sound, if the block rewards get halfed as rewards to miners, yes the amount of bitcoin in supply will reduce, that can increase the value if the demand for bitcoin remains the same or increased pass previous pre halving date.

What increase the price of bitcoin are:

1: Investors demand.

2: government crypto friendly regulations.

3: high liquidity injection from cooperate organisation like ETFs.

It is correct that Bitcoin halving does not increase the price of Bitcoin immediately, though Bitcoin growth is based on demand and supply and the supply of bitcoin reduces, it also give room for price surge, but basically, when investors demand are high and their is favourable cryptocurrency regulation by the government, this affects the price of Bitcoin positively. Halving alone , does not improve the price of Bitcoin, but halving with demand and good government regulatory policies skyrockets Bitcoin price.

[Inior]

Op you have done well, had it been i had some smerit I would have given you a few.
From the data provided it's obvious that at each halving the reward of the proof of work(mining) is halved every 4 years however it seems like miners are getting short on their reward but logically bitcoin keeps increasing over the years and that makes smaller value of bitcoin valuable than they used to be in previous years. With the value of mining reward, data shows that miners aren't running short on their bills to keep the system going which is a proove that mining is profitable and would continue to be provided the price of bitcoin keeps increasing as it gains more exposure. The only problem i have with mining is that mining equipments are expensive especially since you'll be competing with top mining farms with alot of processing power.

[Cleanshit]

Be careful on how you make use of Ai, there’s nothing wrong with using Ai to research but there’s a way you can use Ai that’s against the forum policy  and stuff . Yes bitcoin halving will continue to bring positive vibe to the market , which is all about reducing the reward miners get for mining new blocks by 50% . Which will lead to reduction of Bitcoin supply , leading to scarcity and same time leading to more demand , due to many factors like the previous halving a lot of folk came into Bitcoin to partake in the opportunity too . Because market prices will surge and mining would be happy and sad same time due to their reward being reduced, and happy because the price will be on uptrend movement.

This was really good but I also have same little advice for the op too “becare gree from Ai write ups” I most really say the OP has really try his best with his edits and all, even the am really kinda of be into this type of research