Topic: Is Bitcoin halving real or just a theory?? - page 3. (Read 725 times)
It is and I'm waiting for this next one will react. The speculation has been favouring bitcoin to bull but I don't think it is going to be immediately. 4 years back after the halving, price got to it pick one year later in 2017. Maybe we might see that again.
~snip~
Bitcoin halving is very real and never a theory. .
^ Definitely right and I agree to you, Bitcoin halving is real. It is possible but consideration of demands should take place first. During this time of crisis, people may look for an option where they can do all their transactions online like cryptocurrency. The idea of halving the bitcoin as of now is not appropriate but later or in the future, it may be necessary since the value of bitcoin can be easily change depending on the inflation. Let us do hope that this halving will have a good result just like what happened on the last Bitcoin halving happened. Bitcoin halving is very real and never a theory. .
So with all the evidences and successful two halvings already done the OP still asks whether this is real or a theory. Well stick around till May ends and you will find that answer yourself. Bitcoin halving is going to happen since it has been engineered into the network to do so and it does not need the approval of anybody to execute this function. it is automatic.
Basically halving the total amount of Bitcoin in circulation.
I have already written a post in which I mentioned just such a conclusion, which is of course completely wrong. I do not understand what the person who can conclude something like this is thinking? If total amount of BTC in circulation is reduced by half every 4 years, then we would very quickly run out of BTC, even if there was 100 million of BTC at the start.
As another thing that surprises me is that a question like this comes from a person who claims that it is in trading for the past two years
I've been trading for roughly 2 years now and I've been able to use some strategies that work quite well for me
Bitcoin halving is very real and never a theory. Satoshi Nakamota programmed the network in such a way that in every 4years, bitcoin undergoes halving to reduce the block reward, this is anticipated to result in price increase which may not be automatic and halving has been taking place this time, block reward will be reduced to 6.25BTC as against the current 12.5BTC.
The white paper of bitcoin had already mentioned about the halving and how it will take place every 4 years and decrease the block reward by half of the current block reward. It's definitely not just a theory. I think you should read the bitcoin white paper once.
It has great knowledge about bitcoin and it's technical functionality on the blockchain.
It has great knowledge about bitcoin and it's technical functionality on the blockchain.
Uhm yes it's real? It isn't a theory but rather a fact. Even if we take into account how people are using cryptocurrency today, even if everyone literally started using Bitcoin for everyday use, even if fiat was replaced by fiat, Bitcoin halving is an event that is already in the system that will happen a 100%. That is unless you cut off the internet around the world where no one would be able to connect to it. Just imagine it being a line of code that is set to happen once a set of records/actions is observed.
The bitcoin halving is real and this is not a theory only because from the previous year of the bitcoin halving from the year of 2016 the blocks of the coin cut out into half to make sure it is balance and not cause of too much inflation that really affects the market price of coin by just applying the basic rule of supply and demand if the coin supply of the coin is too much this may cause of falling the price of the coin and this is vice versa this kind of event will happen every four years to make all things balance. One of the target of the creator Satoshi Nakamoto is make the bitcoin block 0 btc but it takes too much year's for over 2100+ year.
BTC halving is for real and it is conducted once in four years also it's already been scheduled to take place in the mid of may, well the past halvings inspired as by celebrations I am sure even this time it will bring back fortunes again. The halving may bring new market entrants and the past history we have seen price surge I expect the competition among miners would be getting intense.
When the halving is coming many people will make more want to mining because the market price of the coin have a huge income and this is a good thing to make more profit. This time the miners are one if the most profitable earniners if the halving comes.
BTC halving is for real and it is conducted once in four years also it's already been scheduled to take place in the mid of may, well the past halvings inspired as by celebrations I am sure even this time it will bring back fortunes again. The halving may bring new market entrants and the past history we have seen price surge I expect the competition among miners would be getting intense.
Bitcoin halving is real. This is an important part of Bitcoin system making it scare asset.
Bitcoin halving is an antcipated event in the cryptocurrency world that takes place every 4 years. Basically halving the total amount of Bitcoin in circulation.
that is wrong. the block reward is cut in half not the total amount of bitcoin in circulation. the later doesn't make any sense since if it were true we would have run out of bitcoins to use soon!what happens is that each block that is found has a reward, it started at 50BTC per block and each 210000 blocks this reward is cut in half -> 25 -> 12.5 which is the current reward and soon will be 6.25. due to the way bitcoin difficulty is designed it takes approximately 4 years to reach each halving.
there is nothing unreal or theoretical about this. what i explained has been enforced by the bitcoin protocol for the entire existence of bitcoin (11 years).
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Taking into consideration that people are falling back to cryptocurrency during this hard time in the world.
that is wrong. people aren't adopting bitcoin any more than before during the pandemic. the adoption may have even slowed down a bit.and like always to spend bitcoin you'll need it to be accepted somewhere, those who were spending are still spending and those who weren't willing to spend (only use it as an investment) are not changing their mind either!
Thanks a lot for the explanation
Bitcoin halving is an antcipated event in the cryptocurrency world that takes place every 4 years. Basically halving the total amount of Bitcoin in circulation.
that is wrong. the block reward is cut in half not the total amount of bitcoin in circulation. the later doesn't make any sense since if it were true we would have run out of bitcoins to use soon!what happens is that each block that is found has a reward, it started at 50BTC per block and each 210000 blocks this reward is cut in half -> 25 -> 12.5 which is the current reward and soon will be 6.25. due to the way bitcoin difficulty is designed it takes approximately 4 years to reach each halving.
there is nothing unreal or theoretical about this. what i explained has been enforced by the bitcoin protocol for the entire existence of bitcoin (11 years).
Quote
Taking into consideration that people are falling back to cryptocurrency during this hard time in the world.
that is wrong. people aren't adopting bitcoin any more than before during the pandemic. the adoption may have even slowed down a bit.and like always to spend bitcoin you'll need it to be accepted somewhere, those who were spending are still spending and those who weren't willing to spend (only use it as an investment) are not changing their mind either!
Thanks a lot for the explanation
I checked the original article and I didn't found the conclusion you write on your OP. Maybe you misunderstood their article a bit, on this part:
The article doesn't contain any major misleading information about the halving imo. And I don't know how why you ask "theory or real" when in the article it was explained this thing has happened twice already.
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Sometime in May, the number of bitcoins (BTC) entering circulation every 10 minutes (known as block rewards) will drop by half, to 6.25 from 12.5. It’s a milestone that’s easy to see coming because it happens every four years and has happened twice before.
Source: https://www.coindesk.com/bitcoin-halving-explainerThe article doesn't contain any major misleading information about the halving imo. And I don't know how why you ask "theory or real" when in the article it was explained this thing has happened twice already.
Uhm yes it's real? It isn't a theory but rather a fact. Even if we take into account how people are using cryptocurrency today, even if everyone literally started using Bitcoin for everyday use, even if fiat was replaced by fiat, Bitcoin halving is an event that is already in the system that will happen a 100%. That is unless you cut off the internet around the world where no one would be able to connect to it. Just imagine it being a line of code that is set to happen once a set of records/actions is observed.
Bitcoin's monetary policy is baked into the protocol since it's inception. The halving isn't something that we're just going to assume will happen and that some centralized entity has the final say if the halving will go through or not. The halving will take place whether we like it or not, and that's what makes Bitcoin special— that we can't simply change stuff in the protocol just because we want to, and that no centralized entity has the say on how Bitcoin will move forward.
3. Its a work in progress though not already there but we shall verify in due time
It's not a work in progress, it's already baked into the protocol. We just need to wait til we reach block 630,000. According to coindex, https://www.coindesk.com/bitcoin-halving-explainer
Bitcoin halving is an antcipated event in the cryptocurrency world that takes place every 4 years. Basically halving the total amount of Bitcoin in circulation.
Is this real or just a theory? Taking into consideration that people are falling back to cryptocurrency during this hard time in the world.
Share your thoughts!
Bitcoin halving is an antcipated event in the cryptocurrency world that takes place every 4 years. Basically halving the total amount of Bitcoin in circulation.
Is this real or just a theory? Taking into consideration that people are falling back to cryptocurrency during this hard time in the world.
Share your thoughts!
I'll start by saying these:
1. Bitcoin is a financial ideology and philosophy built to replace the fiat model.
2. Halving will bring the feature of money called relative scarcity to bit coin.
3. Its a work in progress though not already there but we shall verify in due time
Bitcoin halving is an antcipated event in the cryptocurrency world that takes place every 4 years. Basically halving the total amount of Bitcoin in circulation.
that is wrong. the block reward is cut in half not the total amount of bitcoin in circulation. the later doesn't make any sense since if it were true we would have run out of bitcoins to use soon!what happens is that each block that is found has a reward, it started at 50BTC per block and each 210000 blocks this reward is cut in half -> 25 -> 12.5 which is the current reward and soon will be 6.25. due to the way bitcoin difficulty is designed it takes approximately 4 years to reach each halving.
there is nothing unreal or theoretical about this. what i explained has been enforced by the bitcoin protocol for the entire existence of bitcoin (11 years).
Quote
Taking into consideration that people are falling back to cryptocurrency during this hard time in the world.
that is wrong. people aren't adopting bitcoin any more than before during the pandemic. the adoption may have even slowed down a bit.and like always to spend bitcoin you'll need it to be accepted somewhere, those who were spending are still spending and those who weren't willing to spend (only use it as an investment) are not changing their mind either!
According to coindex, https://www.coindesk.com/bitcoin-halving-explainer
Bitcoin halving is an antcipated event in the cryptocurrency world that takes place every 4 years. Basically halving the total amount of Bitcoin in circulation.
Is this real or just a theory? Taking into consideration that people are falling back to cryptocurrency during this hard time in the world.
Share your thoughts!
Bitcoin halving is an antcipated event in the cryptocurrency world that takes place every 4 years. Basically halving the total amount of Bitcoin in circulation.
Is this real or just a theory? Taking into consideration that people are falling back to cryptocurrency during this hard time in the world.
Share your thoughts!
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