Pages:
Author

Topic: Bitcoin Halving: What is it? - page 3. (Read 593 times)

legendary
Activity: 3080
Merit: 1500
February 10, 2020, 01:05:31 PM
#5
Just found this on facebook. Maybe we can get something from this. What's your thoughts?
Does the future of bitcoin be affected? Is this good or bad? Should we still invest in Bitcoin?

The theory is based on scarcity factor of demand supply chain! Halving means, the creation of bitcoin will be reduced by 50% at certain intervals. So you can understand what will happen when the demand stays strong but the supply is decreased. It is definitely good for bitcoin it will affect the future of bitcoin in a very positive way. If you want to know the history of bitcoin halving and how it takes place, read the article below,

https://cointelegraph.com/explained/bitcoin-halving-explained

Hope this helps!
legendary
Activity: 3010
Merit: 1280
Get $2100 deposit bonuses & 60 FS
February 10, 2020, 12:18:03 PM
#4
Maybe we can get something from this. What's your thoughts?
Bitcoin halving is an event that creates a huge hype in the Bitcoin market.  It also often signals the  Bitcoin Bull Market because of the rapid increase in demand for Bitcoin in the market.


Does the future of bitcoin be affected? Is this good or bad? Should we still invest in Bitcoin?

When a supply of any commodities is altered, it always affects the commodities' market.  In this case with Bitcoin halving, it means that the influx of new coins will be half thus, making it more scarce and the increase in price due to the increasing demand is highly possible.  The Bitcoin halving hype also increases its advertising power because of more people talking about it, exchanging predictions creating hype in the Bitcoin market anywhere.
legendary
Activity: 2128
Merit: 1293
There is trouble abrewing
February 10, 2020, 12:07:54 PM
#3
you'd expect something called "cryptoharvard" produces something a lot better than this that doesn't have this many mistakes! and from the first line till the last it is filled with mistakes.

"created in every 10 minutes" 10 is the average time and shouldn't even be mentioned here. "every four years" is also wrong, it is every 210000 blocks which is approximately 4 years even with 1 block per 10 min. the reality is that it takes less than that due to hashrate rises.

"a blockchain is added to a bitcoin blockchain" that sentence is wrong as a whole... a new block is added to "the" bitcoin blockchain.

"every time 210000 blocks were mined in the blockchain" blocks aren't mined "in the blockchain"
"when all 21 million coins will have been mined" is also wrong, 21 million will never be mined since some coins are already unclaimed by miners.

"in May 2020" is an approximation, not an exact date. some predict April actually.
legendary
Activity: 1834
Merit: 1208
February 10, 2020, 12:03:33 PM
#2
I'm suprised you still don't know about bitcoin halving since you're 3 years in this forum
In short Bitcoin halving is a block halving is a process of reducing the rate at which new cryptocurrency units are generated. More explanation on this link :
https://cointelegraph.com/explained/bitcoin-halving-explained

Does the future of bitcoin be affected? Is this good or bad? Should we still invest in Bitcoin?

It's totaly a GOOD NEWS for bitcoin, because when bitcoin block is halving, the price of bitcoin will raise up. You should buy or hold bitcoin before bitcoin halving.
Quote
To date and until May 2020 we have 12.5 Btc for block and about 1800 Btc mined every day. Then we will have:

03/01/2009 ----- 28/11/2012 ------- 50 Btc for block ------- 7200 Btc every day
28/11/2012 ----- 04/07/2016 ------- 25 Btc for block ------- 3600 Btc every day
04/07/2016 ---- 25/05/2020 ------- 12.5 Btc for block ------- 1800 Btc every day
25/05/2020 ---- May 2024 ----- 6.25 Btc for block ------- 900 Btc every day
May 2024 --- May 2028 ---- 3.125 Btc for block ------ 450 Btc every day
May 2028 --- May 2032 ---- 1.5625 Btc for Block ---- 225 Btc every day
(the dates will probably change slightly, but it's right to have a reference)

More information : https://bitcointalksearch.org/topic/bitcoin-after-5-halving-10-years-from-now-what-will-be-its-price-4849889
full member
Activity: 501
Merit: 147
February 10, 2020, 11:34:21 AM
#1
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?

Image was not mine.
Source: Crypto Crunch App




Pages:
Jump to: