Maybe, before answering this question it would be very beneficial for other members to discuss first what is bitcoin halving in order for everyone to understand what might be the answers in the next following questions!
Understanding the concept first is more important before diving into a more technical and diverse discussion apropos to halving.
In a nutshell, bitcoin halving is like a faucet that is being turned off over time or within a specific period of time until all the bitcoin was fully mined and its maximum supply is circulating globally.
Using an analogy, we can compare that bitcoin halving is like a faucet and a deep - seated basin wherein the deep - seated basin represents the bitcoin that is already been mined and brought into circulation mainly in the crypto market or being kept inside the wallet. As of this writing, the amount of bitcoin that is mined and is circulating globally is approximately
18, 280,000. On the other hand, the faucet represents the bitcoin that is currently being mined and dripping into the basin that is being added into the circulation and over the course of time it is
being slowly turned off which represents the bitcoin halving A. Kailan nga ba magsisimula ang Bitcoin Halving?
In continuation with the introduction, the bitcoin halving happens every 4 years. In effect the nozzle of the faucet is being turned off continuously until that nozzle is completely off. So, these miners are not being rewarded and there are no more bitcoins that will be created. So that basin represents the maximum supply of bitcoin which is 21 M.
Based on my research, in today's date there are currently 12.5 new bitcoin that is being created every 10 minutes (timeframe of blocks being mined and added into the blockchain) and has an average of 144 blocks being mined per day. We all know that the halving happens every 210,000 block height (and it is not determined by date but the height of the block). Currently, we are at
622371 block height and the 2020 halving will happen on block 630,000. As I see it, the timeframe varies since most of the miners are increasing their computational power which can affect the duration of 10 minutes that is being created.
B. Sasabay kaya ito sa panahon ng krisis?
This requires an opinionated answer.
We are currently experiencing COVID -19 crisis and I think the halving cannot be affected by these types of outside alteration unless people are totally being restraint to use the internet. As for me, the only way to stop bitcoin halving is a total blackout access of the internet globally but I think it is close to impossible.
If you are talking about the change of monetary value, there is a chance that it will fluctuate since people are in need of money in order to for them survive in a daily basis.
C. Nasa magkano kaya ang flat value nito?
This is a very speculative topic and I do not know what will be its price. I do not have enough knowledge apropos to trading or any Fundamental and Technical Analysis. But I love it when I see people saying that its price will increase exponentially when bitcoin halving occurs. I love it since I
bought the recent dip.D. Gaano kalaki ang magiging epekto nito sa:
-market industry
-altcoins
-fiat
If we are going to disregard the effect of COVID - 19 pandemic, the result can push people to be bullish in the market as well as in the alternative coins. I think if the monetary value of bitcoin is increasing, altcoins price will also follow as bitcoin is leading them in their prices.
