Facts about the next bitcoin halving (cool infographic) - page 2.

Kakmakr

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I do not really agree with the infographic that a Halving triggers a Bull run. Roll Eyes

Yes, we do see a small spike in the price, prior to the halving, but that is normally just the hype that surrounds the media attention that a event like this gets. After the halving, everything returns to normal and the price goes down again.

People should not put all their hope and dreams on this halving to push the price up to a new all time high in 2020. It might bump the price with a few hundred dollars or so, but that would be about it. Tongue

Herbert2020

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Quote from: Lucius on February 16, 2019, 12:35:44 PM

This data is not accurate, in year 2020 93.73% of all bitcoins will be mined, and by the year 2032 more then 99% will be mined (99.21%) so that less then 1% will be left for next 120 years, really a very small and insignificant amount. You do not have to worry about so long period of time, in less then 10 years there will be very low production of new mined bitcoins.

by 2020 if we take the day of halving then there will have been 3x 210000 blocks or 630000 blocks.
21000*50 + 21000*25 * 210000*12.5 = 18,375,000BTC / 21000000 = 87.5%

ps. i still don't get why people are focusing so much on halving instead of focusing on a dozen other more important matters that have been helping the adoption and consequently increasing the price!

btc_angela

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Quote from: pixie85 on February 15, 2019, 01:52:37 PM

Quote from: dothebeats on February 15, 2019, 01:17:37 PM

Most of the time, block reward halving on cryptocurrencies have been associated with greens but 2014, 2015 and 2016 halving brought nothing but disappointment for users. Anyway, another fun fact about block reward halving that I saw on the bitcoin wiki:

It was because there was already a halving in 2012 followed by 2 big bull runs in 2013 one in spring and one in winter. You can clearly see that the hype was there right after the halving just as it was supposed to be. 2015 was a very strange year because it was the year when China banned bitcoin exchanges and there was a lot of negative impact after gox bankruptcy.

2016 was not a disappointment by any means. If you bought in September for 500 dollars you could sell in December for 1100. Is doubling your investment in 3 months disappointing?

It's also worth to mentioned that it took at least 4 months after the block halving in 2016 to see the price moves in somewhat bullish trend. Which means that everyone shouldn't look at block halving as the overnight solution to this bear market. We need time and patience, I think that really important to know about the next block halving in 2020. People might think that after the halving the price will automatically bounce in a blink of an eye. It's not the case in 2016.

Lucius

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Quote from: dothebeats on February 15, 2019, 01:17:37 PM

It's really fascinating to know that even after 80% of all bitcoins would be mined by 2020, we still have ~120 years left before everything is exhausted.

This data is not accurate, in year 2020 93.73% of all bitcoins will be mined, and by the year 2032 more then 99% will be mined (99.21%) so that less then 1% will be left for next 120 years, really a very small and insignificant amount. You do not have to worry about so long period of time, in less then 10 years there will be very low production of new mined bitcoins.

Quote from: HabBear on February 15, 2019, 06:42:51 PM

I like the design of this infographic but you're using a ton of space to say very little. I think you need more important facts about the halving, can you get deeper on what this means to all of us? Why should we care about a halving event.

Thanks for creating this though, it's exciting to know that the next halving is nearly a year away!

I do not think OP is the author of this picture, therefore he can not change nothing except to reduce the size of the image to suit forum better. I am not sure why you first say that you do not care for halving, and then you are excited for the same?

If you need more info about halving, try to use some search engine - Look what I found : Controlled supply

pawanjain

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I am just waiting for the time when the price starts hitting high because the history of bitcoin has shown us that the price of BTC has grown before every halving.
I just hope this time the price indeed grows real high so that those people who lost a bankful Tongue

of money in the last dump can recover at least some portion of their lost money.

HabBear

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I like the design of this infographic but you're using a ton of space to say very little. I think you need more important facts about the halving, can you get deeper on what this means to all of us? Why should we care about a halving event.

And in parallel with upping the content game you should make the BTC graphic in the center smaller or move it to the bottom or make it exist in the background. We shouldn't have to scroll to see all of 6 bullets of information.

Thanks for creating this though, it's exciting to know that the next halving is nearly a year away!

LTU_btc

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It's still a lot of time until another halving. It will be interesting to see what it will bring to market, but until it a lot of crazy things can happen. When I saw this infographic it reminded me one sad thing - we won't survive until the day when all Bitcoins will be mined, unless you're planning to live for ~120 years lol.

Quote from: pixie85 on February 15, 2019, 01:52:37 PM

2015 was a very strange year because it was the year when China banned bitcoin exchanges and there was a lot of negative impact after gox bankruptcy.

It's the first time when I hear that China banned Bitcoin exchanges in 2015. Are you sure that you didn't confused years. Because this thing happened in start of 2018.

cryptomaster420

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Cool infographic, the part about the inflation drop is really meaningful.
It will give us leverage to advertise bitcoin to investors in other asset classes.

odolvlobo

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Quote

85% of all the bitcoins will have already been mined at the time of the halving

The actual number is 87.5%

romero121

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That's a good work, every halving till date has provided with price pumping in the following days or after certain time period. Even with the previous halving similar thing happened. People expected the growth to happen by the days after halving. There wasn't big change, it slowly got impacted by the year end even when there were no big news relative to bitcoin. The same growth continued for 2017, after a little stability gain it started to move forward and reach the peak value.

pixie85

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Quote from: dothebeats on February 15, 2019, 01:17:37 PM

Most of the time, block reward halving on cryptocurrencies have been associated with greens but 2014, 2015 and 2016 halving brought nothing but disappointment for users. Anyway, another fun fact about block reward halving that I saw on the bitcoin wiki:

It was because there was already a halving in 2012 followed by 2 big bull runs in 2013 one in spring and one in winter. You can clearly see that the hype was there right after the halving just as it was supposed to be. 2015 was a very strange year because it was the year when China banned bitcoin exchanges and there was a lot of negative impact after gox bankruptcy.

2016 was not a disappointment by any means. If you bought in September for 500 dollars you could sell in December for 1100. Is doubling your investment in 3 months disappointing?

dothebeats

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It's really fascinating to know that even after 80% of all bitcoins would be mined by 2020, we still have ~120 years left before everything is exhausted. Also, almost everyone is banking on the next halving as the start of a bull run but I don't think we'll see it by then. Most of the time, block reward halving on cryptocurrencies have been associated with greens but 2014, 2015 and 2016 halving brought nothing but disappointment for users. Anyway, another fun fact about block reward halving that I saw on the bitcoin wiki:

Quote from: https://en.bitcoin.it/wiki/Controlled_supply

* In Block 124724, user midnightmagic mined a solo block to himself which underpaid the reward by a single Satoshi and simultaneously destroyed the block's fees. This is one of two only known reductions in the total mined supply of Bitcoin. Therefore, from block 124724 onwards, all total supply estimates must technically be reduced by 1 Satoshi.

aoluain

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Nice infographics and interesting stats.

It really is amazing to think over 80% of Bitcoins have been
mined in 10 years and that just under 20% will take another
121 years.

I also like to see more talk about the block halving, this will
be my first experience of a halving so it will be nice to experience
the talk, [and hype], and to see how the markets respond
before and after the event.

stortz

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you should probably include the log scale on your infographics

this is outdated too

boled

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Good article provides a lot of useful information, i made a post that I took from https://www.bitcoinblockhalf.com/#

Quote from: boled on February 10, 2019, 04:31:14 PM

Total Bitcoins in circulation:                                             17,531,188
Total Bitcoins to ever be produced:                                        21,000,000
Percentage of total Bitcoins mined:                                        83.48%
Total Bitcoins left to mine:                                               3,468,813
Total Bitcoins left to mine until next blockhalf:                          843,813
Bitcoin price (USD):                                                       $3,692.60
Market capitalization (USD):                                               $64,735,697,136.04
Bitcoins generated per day:                                                1,800
Bitcoin inflation rate per annum:                                          3.82%
Bitcoin inflation rate per annum at next block halving event:              1.80%
Bitcoin inflation per day (USD):                                           $6,646,684
Bitcoin inflation until next blockhalf event based on current price (USD): $3,115,863,682
Total blocks:                                                              562,495
Blocks until mining reward is halved:                                      67,505
Total number of block reward halvings:                                     2
Approximate block generation time:                                         10.00 minutes
Approximate blocks generated per day:                                      144
Difficulty:                                                                6,061,518,831,027
Hash rate:                                                                 41.44 Exahashes/s

_{source: Bitcoin Block Reward Halving Countdown
numbers keep changing every second, to see the latest status please visit the source website.}

whether the same thing will happen like 2x halving before, where prices will soar, honestly I'm curious, when halving what makes the market increase so dramatically? and who did it?

kryptqnick

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Thanks for sharing it! Nicely done! Halving is natural, and the fact that the inflation rate of bitcoin will be lower than the one of gold is great. Perhaps people will actually consider turning to digital value instead of continuing to believe in some yellow metal. Will the new halving lead to the bull run? If the price won't grow, miners will not profit. So either half of miners will leave, or the price will at least double. I hope more people will notice Bitcoin by spring 2020, and we will have a stronger and bigger community, ready for mining difficulty increasing.

Pab

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Thanks for sharing
All that needs to be known by anybody who want to invest,be part of digital currencies movement
Bitcoin inflation will be lower than gold.I even didn't know that
Bitcoin can be best hedge for inflated market
One day huge inflation can appear in that debt economy fiat market

BitcoinFani

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yeah exactly. peculators like to buy an asset prior to an important event. This is not only true in crypto markets, but also in traditional equities. This effect is what caused Bitcoin’s price to rally 1 year prior to the halving in 2012 and 2016, halving is important. Thanks a nice article

pask777

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This infographic was initially posted here: "2020 Bitcoin Halving: 7 Facts You Ned to Know"

Topic: Facts about the next bitcoin halving (cool infographic) - page 2. (Read 406 times)