Topic: Bitcoin Halving and Corresponding Prize Economy (Read 151 times)

Yes. The total supply of Bitcoin is ~ 21M. Details for it and total supply in each Epoch era is in Controlled Supply. The decrease is new Bitcoin will be released in future epoch eras.

How is the 21 Million Bitcoin Cap Defined and Enforced?

The halvings do not decrease the supply. The supply is always increasing towards 21 million.

An increase in demand does not require a decrease in supply. Supply and demand are generally independent curves. And again, the halvings do not decrease the supply.

I appreciate your opinion and what i meant in saying Halving is done in other to increase demand for bitcoin is that logically in economics when we have an increase in demand then there must have been a decrease in supply leading to that, i choose to talk on this topic considering the recent speculation on bitcoin price within the axis of $46k using the event of Halving while speculating on the price, it could be seen that after the major Halving of 2020 which spike high the value of bitcoin to ATH of 2021, bitcoin has been within the range of $35k to $42k earlier this year untill the recent move that reach around $46k.

What i meant in general is that there's likely possiblity of bitcoin not to break the ice of $68k ATH until next Halving and i create this in other to engage discussion on the bitcoin price and the 2024 Halving economic effect on the price as well which i stated on the thread.
thank you for the observation.

This is wrong.BTC halving is done in order to decrease the supply of BTC,not to increase the demand for BTC.
Anyway,what's the purpose of your forum thread?You are just repeating things that have been written and discussed multiple times on the forum.You don't add anything new to the discussion.
Many "crypto experts" and crypto traders are saying that a new ATH should be expected only after the next BTC halving in 2024.I can't say whether they are right or wrong.Nobody has a crystal ball to predict the future.
You are right about the fact that every BTC halving is creating hype and bullish price speculations,but we already know that. It's like saying that the sun is hot and the water is wet.There's no room for debate here.

Bitcoin Halving and Corresponding Prize Economy

Bitcoin Halving simply means getting half (50%) of bitcoin as a reward given to every miner when a new block is achieved at the space interval of every four years untill when the maximum amount of 21 million btc is completely mined.


source

From the Graph Explained:

The three major Halving that have ever occured were in  2012, 2016 and 2020 respectively and were identified with the flow for the prize speculation and trends from the pip above, it could be observed that some major event occur before and after Halving which plays a significant role to determining the fate of economic investment on bitcoin through prize speculation, base on the 3 major Halving of the past, the prize goes down before the Halving occur and tend to pick up immediately after on a gradual movement that may end in making another ATH record after Halving.

Reasons for Bitcoin Halving.

1. Halving is done in other to increase the demand for bitcoin at all economic levels.

2. To set the target limit to the total amount of bitcoin to be mined within a specific period of time.

3. Though bitcoin is volatile but Halving brings the opportunity to a rise in bitcoin value as it demand increases.

4. During bitcoin Halving, the prize speculation goes dip to rise in other to achieve a possible ATH price level.

5. Halving is mostly targeted by bitcoin investors following prize speculation to know when to sell or buy in other to maximize chance of making profit.

Miners Challenges with Halving

It is believed that miners tend to loose profitability during Halving due to the event of bitcoin running dip/ low as the decreasing value may not make the affordability of the demanding power supply and  maintenance cost but this changes in the opposite way favours them if the price movement is going up.

Conclusion

Having put in consideration on the current surge on bitcoin price and going by the past records on bitcoin Halving, it can be concluded that there's more possibility that bitcoin may not exceed the ATH of $68k till the next Halving of 2024. Investors are thereby encourage to adhere strictly on prize speculation within ranges below $68k before the next Halving.

Note:

Informations provided here were base on personal views and past event records, viewers discretion is welcome.