Topic: Bitcoin and the event called the “halvening”? (Read 293 times)
They are the best money in this market. Day by day its performance improved and still people are now earning a lot of money from this site. When you combine this with incremental block growth, it's clear why the BTC deflated, and maintained its own growth. Bitcoin halvening occurs every 2 years. When the reward rewards are divided by 2, this event is called the halec bit. This is done to reduce the bitcoin supply equivalent to the higher price.
It is clear why BTC deflated, and maintained its own growth. Read the articles above you instead of repeating the answer for everyone to see. This event is called halving. All will happen much sooner.
I think this halvening is very interesting, so it is for 2020 if it is reduced by half because it will undoubtedly raise prices in that year since there would not be enough supply for the high demand of 2019 and 2020. This can be very good for the bitcoin holders and also for the miners we will wait for the event according to what is said that it can be in July 2020 we will be attentive to this event every 4 years therefore it would be very good to buy now that it is at an accessible price
Been doing a lot of research about bitcoin and I encounter this "halvening" event that to happen to bitcoin every 4 years and said that next will be on 2020. So what is it and the importance or downside in cryptoworld and those hodling bitcoin.
can you explain to me what this "halvening" means? is it good for bitcoin on the future? what will be happened on the 2020?
Halving means the amount of bitcoins will be slashed in half gained by the miners with every new block of transactions. This is done to drop the supply of bitcoins which equals to higher prices. This plays a vital part in the high value of bitcoins among so many crypto currencies.
The supply is not reduced by a halving. The supply increases 10 minutes to a maximum of 21 million bitcoins, both before and after a halving. There have been two halvings so far and the supply is about 60% higher now than before the first halving.
This also means that after the halving, it is likely that the value of bitcoin will rise because older bitcoins inherit additional rarity due to this change. They are the best coin in this market also. Their prices are also very good.
Bitcoins do not become rarer. There are more bitcoins every 10 minutes. They become more common. Also, there is no difference between old bitcoins and new bitcoins.
This also means that after the halving, it is likely that the value of bitcoin will rise because older bitcoins inherit additional rarity due to this change. They are the best coin in this market also. Their prices are also very good.
Halving means the amount of bitcoins will be slashed in half gained by the miners with every new block of transactions. This is done to drop the supply of bitcoins which equals to higher prices. This plays a vital part in the high value of bitcoins among so many crypto currencies.
Thats an extremely good graph, Pursuer, but why stop analyze at half way? That graph also shows, how payments to miners vanish into nothing as complexity of mining new coins grows exponentially.
The payments do not vanish into nothing. The chart shows only the subsidy portion of the block reward. It does not include the fees portion.
"halvening" refers to the block rewards and the fact that it "halves" every ~4 years.
bitcoin has finite supply and this is the designed way of distributing newly generated coins at a pace that is going to slow down in time.
it started at 50 bitcoin per block and halves every 210000 blocks which takes about 4 years. we have already had 2 of them which is why the current block reward is 12.5BTC.
it will look like this:
the effect of it is also on the price. what happens is that block reward halving basically reduces the newly generated coins, the coins that will be sold by miners and enter circulation and can be considered sell pressure. when that reduces it leads to rise in price. a phenomenon that already happened twice where each time price goes up a lot ~1-2 months before the halvening and slowly rising for about 6 months after the halving.
bitcoin has finite supply and this is the designed way of distributing newly generated coins at a pace that is going to slow down in time.
it started at 50 bitcoin per block and halves every 210000 blocks which takes about 4 years. we have already had 2 of them which is why the current block reward is 12.5BTC.
it will look like this:
the effect of it is also on the price. what happens is that block reward halving basically reduces the newly generated coins, the coins that will be sold by miners and enter circulation and can be considered sell pressure. when that reduces it leads to rise in price. a phenomenon that already happened twice where each time price goes up a lot ~1-2 months before the halvening and slowly rising for about 6 months after the halving.
Thats an extremely good graph, Pursuer, but why stop analyze at half way? That graph also shows, how payments to miners vanish into nothing as complexity of mining new coins grows exponentially.
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all of it is true but when we are talking about price we are mainly talking about speculation. and when it comes to speculation the expectation of people is more than enough for a certain price movement. we have many examples of these situations where logically price shouldn't change but it does (both rising and falling examples). for instance when exchanges get hacked, or when google banned crypto ads, ... logically price shouldn't have dropped but it did because people expected it.
the same thing will happen during halving. when people expect price to rise and also seen it happen twice they will start buying bitcoin a while before the halving itself (usually 1-2 months before) because they don't want to "miss out" and they speculate a price rise. so price does goes up.
My dream is that bitcoin will reach a level of adoption such that speculation is no longer a major influence on the price by the next halving. It's not likely.
Bitcoin halvening happens after every 2 years. The Bitcoin miners gets a mining reward as Bitcoin for each block recorded. When the mining reward is divided by 2, the event is known as Bitcoin halvening.
It is an importance of Bitcoin, it will be the event to develop stronger
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all of it is true but when we are talking about price we are mainly talking about speculation. and when it comes to speculation the expectation of people is more than enough for a certain price movement. we have many examples of these situations where logically price shouldn't change but it does (both rising and falling examples). for instance when exchanges get hacked, or when google banned crypto ads, ... logically price shouldn't have dropped but it did because people expected it.
the same thing will happen during halving. when people expect price to rise and also seen it happen twice they will start buying bitcoin a while before the halving itself (usually 1-2 months before) because they don't want to "miss out" and they speculate a price rise. so price does goes up.
I guess that the 2020 halvening is likely to produce some major upleg of the price, either in 2020 or more likely in 2021.
The belief that the halving causes the price to rise is a popular misconception. Here are some of the myths that support it:
- The halving cuts the supply in half. Actually, the halving cuts the production in half. This cut in production causes the supply to increase more slowly, but it continues to increase because bitcoins are not consumed. It will continue to increase until it reaches 21 million, and then it will be constant. The supply never decreases (ignoring the effect of lost coins).
- There is less supply in the market because miners have fewer bitcoins to sell. While that might be true, consider that the total daily volume on exchanges is about 1 million BTC per day, but miners can sell a maximum of only 1800 BTC per day, or about 0.2%, which couldn't possibly have any significant effect.
- The cost of mining will go up and since miners won't sell at loss, the price will go up. Nothing about that statement is true.
- The cost of mining will go up ... Due to the economics of mining, the cost of mining is roughly equal to the value of the block reward. The subsidy is halved, so the cost of mining actually goes down. (Note that the revenue also goes down and that is why it becomes less profitable for miners.)
- ... and since miners won't sell at a loss, the price will go up. A rational miner will sell at the best price they can get. If that means selling at a loss, they will sell at a loss. Anyway, miners have very little influence on the market (as explained above).
- The price always rises after a halving While there have been two Bitcoin halvings and the price has risen several months after both halvings, the price has also risen at other times not associated with the halvings. In addition, Litecoin had a halving and the price fell.
Been doing a lot of research about bitcoin and I encounter this "halvening" event that to happen to bitcoin every 4 years and said that next will be on 2020. So what is it and the importance or downside in cryptoworld and those hodling bitcoin.
I guess that the 2020 halvening is likely to produce some major upleg of the price, either in 2020 or more likely in 2021.
I’m not agree with this argument. We all know bitcoins performance. They are the best coin in this market also. Their prices are also very good. Day by day its performance improving and still now peoples are earning lots of money from this site.
No one is arguing with you, it's about the halving not with which is the best coin.Next one in 2020, by that time BTC will be either on the moon or in deep shit, so I doubt halving will have a significant impact on the prices, itf that's what you're hoping for. It will all play out much earlier.
Last halving was successful but I'm also doubting it will be something like that again. Some info for the upcoming halving: https://www.bitcoinblockhalf.com/
If i'm not wrong,the halvening decreased the block reward for miners which would in turn reduce the supply of new bitcoins every four years.
It has been explained already. Read the posts above you instead of repeating answers that are there for everyone to see.
Also, I don't get why you guys are trying to coin some strange combo of halving and happening (fappening?). The event is called halving.
Next one in 2020, by that time BTC will be either on the moon or in deep shit, so I doubt halving will have a significant impact on the prices, itf that's what you're hoping for. It will all play out much earlier.
Been doing a lot of research about bitcoin and I encounter this "halvening" event that to happen to bitcoin every 4 years and said that next will be on 2020. So what is it and the importance or downside in cryptoworld and those hodling bitcoin.
If i'm not wrong,the halvening decreased the block reward for miners which would in turn reduce the supply of new bitcoins every four years. 
The block reward halves approximately every 4 years, this increases the scarcity of Bitcoin over time as newly minted bitcoins will not enter circulation as quickly as previous years, this also means that after the halving, it is likely that the value of bitcoin will rise because older bitcoins inherit additional rarity due to this change. When you combine this with the gradually increasing block difficulty, it's clear why BTC is deflationary, and self-sustains its own growth.
I’m not agree with this argument. We all know bitcoins performance. They are the best coin in this market also. Their prices are also very good. Day by day its performance improving and still now peoples are earning lots of money from this site.
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