Topic: Bitcoin Halving 2020 | Bitcoin Halving Explained - page 2. (Read 802 times)
I am anticipating the halving but I feel it will affect the market shortly afterwards but not in the long run as this market sure knows how yo recover
Believe that Bitcoin prices are expected to rise at the next halving event. Because halving events mean less amount of Bitcoin is left for mining, miners will fight and compete with each other as before. With transactions that take longer, if there is less supply in the market while demand remains constant, the price of Bitcoin will definitely rise high in the long run.
Logically, the price has to increase with the halving right?
Halving basically reduces the reward to the miners. If miners are rewarded less then there can be reduction of miners due to maintanince cost and other reasons which in-turn may increase the congestion.
Also, the price increases as the supply is less and demand is more. Halving by halving the supply reduces and demand increases thus, the price hash to increase.
Halving basically reduces the reward to the miners. If miners are rewarded less then there can be reduction of miners due to maintanince cost and other reasons which in-turn may increase the congestion.
Also, the price increases as the supply is less and demand is more. Halving by halving the supply reduces and demand increases thus, the price hash to increase.
Those are common misunderstandings.
The number of miners does not affect the backlog of transactions because the difficulty self-adjusts every two weeks.
Halving does not halve the supply. It halves the production. The supply of bitcoins continues to rise as the total number of bitcoins approaches 21 million.
"Reduce in supply" by this I meant the number of coins that are getting mined will be reduced. Halving is the process of 1/2 the Coins that are mined right? Or you can say that it is reduction of reward by 50%. Which indirectly means the number coins Coinbase transaction reduces exactly by half. This is why I refereed supply reduces.
I did not get you. I did not understand how that does not effect. Demand and supply balance always affects the market right? Please explain. Now I am confused.
As the miners reward per block decrease, the price of bitcoin is predicted to experience some leaps, since miners will stop to sell their bitcoin cheap. Currently, it's even difficult for a solo miner to be able to guess the next block, the mining difficulty has greatly increase, the difficulty is approximately adjusted every 2 weeks, while new block is discovered every 10mins approximately, since it's currently 12.5BTC per block, so at every 24hrs, miners go home with a total block reward of 1800BTC in 24hrs, this looks sweat but not a easy task to come buy.
I think that the reductions in half is only a part of the reward that all the miners have according to the effort having their machines to be able to provide the service of having a good traffic in bitcoin transactions, however reaching 6.25 it may be a definitive trigger for bitcoin to reach $ 50k as many scholars have predicted and if it is added that the ETFs in their approval can be the much bigger bomb.
That's become another reason why you should hold your btc or other crypto from now.
Since 2020 is coming very soon, it's become the wise decision,right ?
Why people still afraid of crypto while it can make you earn profit more than you can imagine
Since 2020 is coming very soon, it's become the wise decision,right ?
Why people still afraid of crypto while it can make you earn profit more than you can imagine
True. Also i really like this threat because it is explaining something really important and that might convert someone who is thinking about trading into becoming a hodler instead and help a bit towards the future balance of Bitcoin.
That combined with the future adoption rate is what will make it possible. It also goes even beyond that date.
Some people are afraid of things that are good for them.
If the price keeps surging from now till next year, the price of bitcoin will be worth a fortune then. Don't you think there will be some retracement along the line.
Actually I'm waiting for halving to take place in 2020 but I suspect the bullrun will take place a year later meaning by 2021 we will see a huge ATH like never before
We cannot know this. Anyway, Bitcoin halving happens each 4 years, and the price of the cryptocurrency goes to the Moon after it. Therefore, it will be reasonable to wait until May 2020- June of this year at least.
Woww, with all these statics and relevant information regarding bitcoin halving I bet I would want to hold some good amount of bitcoins before this happens. I am sure Bitcoin's price would be way over $20k by then.
The most anticipated event in entire cryptocurrency history is bitcoin halving where we can expect the growth of btc price and less congestion and less fee for bitcoin transaction
We want this halving to take place soon, as we are also be the one benefiting from that. Only if we buy BTC at this stage on we would be able to harvest good profits later on. I guess I have the feeling that some sort of big developments will synchronize with the halving and therefor could boost it's price. IT is just a hunch but this is what I believe.
thanks for that info and explanation, probably we will see good bitcoin pump after in one year after halving. Seems to be true.
Logically, the price has to increase with the halving right?
Halving basically reduces the reward to the miners. If miners are rewarded less then there can be reduction of miners due to maintanince cost and other reasons which in-turn may increase the congestion.
Also, the price increases as the supply is less and demand is more. Halving by halving the supply reduces and demand increases thus, the price hash to increase.
Halving basically reduces the reward to the miners. If miners are rewarded less then there can be reduction of miners due to maintanince cost and other reasons which in-turn may increase the congestion.
Also, the price increases as the supply is less and demand is more. Halving by halving the supply reduces and demand increases thus, the price hash to increase.
Those are common misunderstandings.
The number of miners does not affect the backlog of transactions because the difficulty self-adjusts every two weeks.
Halving does not halve the supply. It halves the production. The supply of bitcoins continues to rise as the total number of bitcoins approaches 21 million.
This is what the bitcoin is looking forward to, after bitcoin experiences halving, the potential price will definitely increase and the price of bitcoin will be worth expensive. So be prepared for next year.
The way I see it is: nobody has any clue what will happen. The only thing we can do is: wait and speculate.
in the meantime we will see more drama that will happen when bitcoin hlaving happens at that time, I hope halving 2020 is not the main thing to make bitcoin as one of the more phenomenal digital assets than before.
That's become another reason why you should hold your btc or other crypto from now.
Since 2020 is coming very soon, it's become the wise decision,right ?
Why people still afraid of crypto while it can make you earn profit more than you can imagine
Since 2020 is coming very soon, it's become the wise decision,right ?
Why people still afraid of crypto while it can make you earn profit more than you can imagine
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Bitcoin halvings which have happened before always displayed far-reaching heights, hence the same is expected of the upcoming one.
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The times that the price has risen dramatically do not coincide with a halving. Doesn't that indicate the price rises are unrelated to the halvings?Bitcoin halvings which have happened before always displayed far-reaching heights, hence the same is expected of the upcoming one.
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These facts contradict the story of the halving-induced price rises:
The price rise after the 2012 halving started about a year before the halving and ended with a bubble shortly after the halving
The rise to $1000 started six months after the 2012 halving, after a steep drop following the previous bubble. If you attribute the rise to $1000 to the halving, woulding you also attribute the fall from $200 to $70.
The price rise to $20000 started about a year before the 2016 halving and the price actually fell during the month after the halving.
You make a very good point, but we normally see a slight increase in the price about a week or two before the Halving event starts and that might be directly attributed to the media hype that are built before the event happens.
I think people give more credit than credit are due for this event having a significant impact on the price. The impact is much smaller and it only last about 2 or 3 weeks.
Logically, the price has to increase with the halving right?
Halving basically reduces the reward to the miners. If miners are rewarded less then there can be reduction of miners due to maintanince cost and other reasons which in-turn may increase the congestion.
Also, the price increases as the supply is less and demand is more. Halving by halving the supply reduces and demand increases thus, the price hash to increase.
This is as per my understanding. Please do explain if you have other side of looking into the halving.
Looking at the price rise from the Halving principle represents a failure to imagine how BTC works.
The historical review of how Bitcoin is rising after each Halving does not necessarily mean that it will happen again.
This is all speculative and we are basically trying to speculate what the future holds for BTC and crypto in general and we all are aware of the fact that nothing might come out of this event though the chances of that happening are slim in my opinion.The historical review of how Bitcoin is rising after each Halving does not necessarily mean that it will happen again.
Currently, miners earn a lot of mining so there is no need for the price to rise to record highs in 2021.
Miners earning a lot? What? The golden days of mining have faded and only a few miners earn big money these days. There is no point mining with a GPU currently if you ask me. Prices need to rise to help miner profits increase with time.
Very nice post. Made with many information. There are a few differences. There is a slight difference from one year to the present. We have a logical explanation of the current information. But it has been good all over.
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