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Topic: Bitcoin Halving: What is it? (Read 593 times)

copper member
Activity: 98
Merit: 4
May 06, 2020, 11:09:44 AM
#45
There are a lot of similar threads about the upcoming halving event. I am sure a number of people already might be waiting for the month of May to arrive where they could multiple their capital by investing in right time. This halving process would have a positive or negative impact on the price of bitcoins. We can see a huge price difference once the halving is been completed.

Mostly, it is expected to trigger the bull runs after the halving process as the demand for each bitcoins would rise minimizing the transaction fees. I was able to participate in the past halving process which indeed gave me major profits and the same is been expected this year.

About your past halving process experience, if you don't mind sharing... how long did you hodl and how soon were you able to convince yourself to sell later to achieve a major profit?

Either a percentage or a specific btc or fiat figure would suffice, just to have some perspective and idea about what you've experienced beforehand.

Thanks in advance.
sr. member
Activity: 534
Merit: 295
May 06, 2020, 08:09:31 AM
#44
Many influencers of cryptocurrency believe that previous pauses have shown that the price after the halving for 2020 should rise significantly. It has become known that cutting a bitcoin in half helps bitcoin with a steady increase in prices over time.
legendary
Activity: 4466
Merit: 3391
February 21, 2020, 11:19:16 AM
#43
This basically means that the reward the miners will be reduced to 50% of what it used to be. So if today each miner receives 25 Bitcoins for solving a block, after the halving event he will receive only 12.5BTC. Following this math, the final number of Bitcoins will be roughly 21 million(20999999.9769 to be exact) in the  year 2140.For this statement i don’t understand, as halving should occurs unstoppable because numbers have ‘exponential function’ that means it infinite.. Not end in year 2140.

The smallest unit of bitcoins is a "satoshi", and there are 100000000 satoshis in a bitcoin. The protocol does not support fractions of a satoshi, so at a halving in the future, the subsidy go from 1 satoshi to 0 satoshis.
hero member
Activity: 2828
Merit: 611
February 21, 2020, 11:01:00 AM
#42
There are a lot of similar threads about the upcoming halving event. I am sure a number of people already might be waiting for the month of May to arrive where they could multiple their capital by investing in right time. This halving process would have a positive or negative impact on the price of bitcoins. We can see a huge price difference once the halving is been completed.

Mostly, it is expected to trigger the bull runs after the halving process as the demand for each bitcoins would rise minimizing the transaction fees. I was able to participate in the past halving process which indeed gave me major profits and the same is been expected this year.
legendary
Activity: 2898
Merit: 1253
So anyway, I applied as a merit source :)
February 21, 2020, 07:09:41 AM
#41
It pumps Bitcoin to huge amount. All holders get good profit in Halving time.
Both statements are necessarily wrong. It pumps price not due to the process but due the people putting in money and same drop could happen if people were to sell off their coins. Holders dont get profit out of the blue, but only if they sell their coins.

Others claim that due to shortage in “Bitcoin supply” the price is bound to climb as demand will increase.”
But that is not related to mining and halving. The shortage of bitcoin is inherent. There will never be a higher availability of bitcoin than demand. It was how the system was meant to be: Deflationary.

Quote
While there might be reasons for the price to rise after the halving, a shortage in the bitcoin supply is not one of them. Because of mining, the supply of bitcoins is constantly increasing. After the halving, the supply will continue to increase. There will be no shortage
True, which is why the first statement is wrong.
jr. member
Activity: 63
Merit: 1
February 21, 2020, 06:44:01 AM
#40
I think
Others claim that due to shortage in “Bitcoin supply” the price is bound to climb as demand will increase.” While there might be reasons for the price to rise after the halving, a shortage in the bitcoin supply is not one of them. Because of mining, the supply of bitcoins is constantly increasing. After the halving, the supply will continue to increase. There will be no shortage
hero member
Activity: 1638
Merit: 576
Leading Crypto Sports Betting & Casino Platform
February 21, 2020, 05:40:28 AM
#39
The halving was very well explained here, and as one would guess already the event will be celebrated by many in the industry as this in theory should pump BTC as the supply is reduced.

Having said that, I'd also like to add for the miners who after the halving will be negatively affected the most, that with the future technology and by this I mean the computing power, if the power gets to a level where more and more complex equations will be solved, then this technically in the long run as long as the computing power increases exponentially, will not place miners at the greatest disadvantage  as they could cooperate together to solve these ever complex equations.

Unfortunately, it cannot be negated that there will be falls taken by those lacking these resources Sad
newbie
Activity: 14
Merit: 0
February 21, 2020, 05:29:07 AM
#38
Bitcoin Halving is an amazing idea. It pumps Bitcoin to huge amount. All holders get good profit in Halving time.

But who invested in mining they get lose because after Bitcoin Halving their production is reduce to nearly 50%.

I think we see lot of changes in during this period I think so. There is only few days left.
jr. member
Activity: 252
Merit: 4
February 21, 2020, 04:06:28 AM
#37
This basically means that the reward the miners will be reduced to 50% of what it used to be. So if today each miner receives 25 Bitcoins for solving a block, after the halving event he will receive only 12.5BTC. Following this math, the final number of Bitcoins will be roughly 21 million(20999999.9769 to be exact) in the  year 2140.For this statement i don’t understand, as halving should occurs unstoppable because numbers have ‘exponential function’ that means it infinite.. Not end in year 2140.
legendary
Activity: 2996
Merit: 1132
Leading Crypto Sports Betting & Casino Platform
February 20, 2020, 01:12:27 PM
#36
It just means that miners will stop mining ahaha
It would never mean something like this. Can you imagine from where would the bitcoins be mined if by any chance the miners stop mining? Circulation and transacting with bitcoins is only possible because of the miners who broadcast each and every transaction. Halving process with reduce the mining rewards by 50% but the difficulty would remain the same or perhaps the difficulty would increase. This would reduce the number of miners but we can't say that each and every one would stop mining.

The halving process would boost the price for bitcoins which would also increase the mining rewards accordingly. This would anyhow make profits for the miners so none would actually quit mining.
legendary
Activity: 2100
Merit: 1058
February 20, 2020, 03:13:05 AM
#35
I don’t really understand why you still asking whether we should be buying bitcoin or not Cool. Bitcoin halving is not a bad thing and it has happened twice already, the first one was around November 2012, and after that halving the price went up. The second halving then took place in July 9th 2016, after which we experienced a bull run in 2017 with the price reaching as high as $20,000. So, as you can see every time there is a bitcoin halving there is always an increase in the price.

Maybe after the next halving on May of 2020, the bull run might not kick off immediately, it might just be going up a bit by bit and before you know if maybe around 2021 it will pump heavily and reach another all time high (ATH) price. It would be better for you to buy, cause this can possibly be the lowest price you’re going to see after now.
sr. member
Activity: 882
Merit: 258
★Bitvest.io★ Play Plinko or Invest!
February 19, 2020, 10:02:29 AM
#34
Bitcoin halving is all about what is happening on every 4 years of the cryptocurrency in which the bitcoin will be halved and the mined of the miners will be reduce and after it there would be some and new bitcoin that will circulate all over the cryptocurrency world. This would probably the crypto enthusiast that is working for because this is gonna give them a sign and a bullish of the market in which what are we seeing right now that the market is kind of bullish because of the incoming bitcoin halving.
full member
Activity: 1330
Merit: 147
February 19, 2020, 08:41:15 AM
#33
Some people above me have mentioned about bitcoin halving correctly, and you should take this as a learning. Greatfully you are an active user to this forum (and me as well) because we will know about the ins and out about bitcoin from someone else. The essence of bitcoin halving event itself is to reduce supply the circulation of new bitcoin.

As for your concern, I think if you intend to use bitcoin as your an income place then you should know the basic of bitcoin price movement. The pricr of bitcoin is like goods, comodity or asset, most of their pricr will be depend on supply and demand, likewise with bitcoin the movement price will be depend on supply and demand. Just imagine of it, when more people know about bitcoin and they are interested to use bitcoin, so what the result? Yeah bitcoin pricr will be up later. You can imagine this event by yourself, and take what I have said as a benchmark then you will your answer.
sr. member
Activity: 1274
Merit: 260
1A6nybMUHYKS6E6Z3eJFm4KpVDdev8BAJL
February 19, 2020, 08:25:26 AM
#32
This is the cycle where the reward of bitcoin that is given to miners is halved. We have had two halvings already since the launch of bitcoin in 2009. Initially the genesis block reward was 50 then we halved to 25 and now block reward is at 12.5. In May of this year, the reward is going to be halved to 6.25 and this is likely going to increase the price of bitcoin. Some are speculating the price of bitcoin to reach way over $20K
hero member
Activity: 2744
Merit: 541
Campaign Management?"Hhampuz" is the Man
February 19, 2020, 06:58:48 AM
#31
Saw it also on Facebook, it has really circulated.
I guess the infographic information was to answer a lot of questions many people are asking regarding Bitcoin. it's well stipulated.
if does then that is much appreciated to help answering many questions as thosea re looking all over the place for clarification.
With the information so far, I think any one who wants to invest in Bitcoin should still do so.
at least you are still considering the advantage of investing in bitcoin that is enough for people to stay in their trust and believe in the capacity of bitcoin to provide profit in the long term.
I am more concerned about the year 2140 on how true that is. By then, there would have been a major changes in Bitcoin.

yups and that change will be the best of all years because that time all Bitcoin is being mined and for sure the value will Go to the moon and that will change the world towards the power of cryptocurrency.
sr. member
Activity: 2436
Merit: 343
February 19, 2020, 06:44:36 AM
#30

It is not easy to be able to reach $ 25,000 soon, in fact many issues say that the information in April bitcoin will reach a price of $ 17000 this is below the nominal that you are targeting, I think to achieve that we must be able to penetrate the price of $ 12000 as a new foothold that can bring bitcoin towards the price of $ 17,000 when halving occurs
I may think that it was an April fool again just like it happens last year... Grin

There is no way to excite for the upcoming halving and yet to celebrate it early. Speculations aren't particularly siting reasonable moment that Halving could surely bring back Bitcoin price at $20k. Though it looks positive and seems we are able to see the market growth but it is still far from the 2017 event in which hypes is really contributing a lot, unlike this year.
sr. member
Activity: 1162
Merit: 252
February 19, 2020, 05:43:56 AM
#29
It also often singnals the Bitcoin bull market because of the rapid increase in demand for bitcoin in the market.Bitcoin halving event that creates a huge hype in the bitcoin market.I hope Bitcoin 25k Soon...........

It is not easy to be able to reach $ 25,000 soon, in fact many issues say that the information in April bitcoin will reach a price of $ 17000 this is below the nominal that you are targeting, I think to achieve that we must be able to penetrate the price of $ 12000 as a new foothold that can bring bitcoin towards the price of $ 17,000 when halving occurs
full member
Activity: 1638
Merit: 122
February 19, 2020, 02:08:33 AM
#28
It also often singnals the Bitcoin bull market because of the rapid increase in demand for bitcoin in the market.Bitcoin halving event that creates a huge hype in the bitcoin market.I hope Bitcoin 25k Soon...........

not really  . halving's before dont really indicate for a bull run but the price was stable and sometimes dumping   .

on this year , many happenings or events that happen which can be the reason for the bull on the price   . there is no halving that happen yet so i cant say that halving is the reason for the increase   . btc to 25k usd is verry possible   .  its not that big at all and it can be achieve next year , if ever btc uptrend continues for this whole year  of 2020   .
legendary
Activity: 1540
Merit: 1013
February 18, 2020, 11:45:04 PM
#27
This halving moment became one of the awaited turning points in an increase in market interest. In the previous period, the halving moment managed to make the price of BTC rise several times and this is what eagerly awaited by a crypto enthusiasts to make more profit.

I remember this quite well, and it was a really crazy rally. I doubted bitcoin before the last halving and always sell everything that I have earned from this forum before the last halving

The next halving could be the moment of truth for some of us to witness how crazy the rally that will be caused by the halving
sr. member
Activity: 2086
Merit: 283
Vave.com - Crypto Casino
February 18, 2020, 11:15:37 PM
#26
Just found this on facebook. Maybe we can get something from this. What are your thoughts?
Does the future of bitcoin be affected? Is this good or bad? Should we still invest in Bitcoin?
bitcoin is half of the block prize reduction event in crypto coin mining, and historically half occurred every four years and so far half of bitcoin has happened twice, in the first round the miner prize fell from 50 btc per block to 25 btc per block, whereas the second round miner's prize was reduced from 25 btc to 12.5 btc per block and thereafter.
the negative side of reducing bitcoin may be many miners stop because they will only receive prizes from fewer blocks.
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