How it affects pricing like if it reduces the bitcoin by half the price of btc at the time should be lesser but it increases and the mining process it benefits big companies who have bigger and better tools and energy so small scale miners have low chances of profiting from the rewards.
I wanna hear experiences of people who have benefited or had a loss because of the BTC halving
The main halving events initially has nothing to do with the price of Bitcoin, but the rewards of mining rather. Don't get it confused. Just as un_rank said, after every 210,000 blocks has been mined, the mining rewards will be halved. This happens every 4 years, reducing the supply of Bitcoin. Driving scarcity and potentially impact the price due to changes in supply and demand dynamics.I wanna hear experiences of people who have benefited or had a loss because of the BTC halving
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What’s the main purpose of the halving.
Somewhere today I saw someone say that the halving only benefits miners but that's not true. In a way, the halving benefits everyone equally. We all know that the total supply of Bitcoin is 21 million. If there were no halving, miners might have already mined all the Bitcoins leading to a situation with too much supply and not enough demand. Many people want to buy Bitcoin, but not everyone is ready or aware of its existence. With excess supply and less demand, the price of Bitcoin would likely be lower than it is now.
Satoshi was wise to implement the halving procedure, almost like a time traveler. The last Bitcoin will be mined around 2140, and by then, Bitcoin will be known worldwide, with everyone wanting to hold onto theirs like a piece of heirloom. This will likely drive its price even higher, making Bitcoin the most valuable digital currency in the future.
