Of course Bitcoin halving is real, a lot of evidence that Bitcoin halving actually happened. Bitcoin halving happens every 4 years, what happens
is block rewards is cut in half. And Bitcoin halving is the biggest event in the world of cryptocurrency for this year, so it's information very easy
to get. If you have doubts about Bitcoin halving, it means you don't read much. Because so many topics in this forum discussing about Bitcoin
halving.
Topic: Is Bitcoin halving real or just a theory?? (Read 757 times)
The bitcoin protocol adjust the mining reward each time 210,000 blocks have been mined since the last halving. Since the protocol aims for a block to be every 10 minutes on average this means the halving should occur every 4 years. We currently experienced three halvings.
Please see this overview stating, as you can see in the last column, the mining reward will be at 1 satoshi starting from block 6720000:
Please see this overview stating, as you can see in the last column, the mining reward will be at 1 satoshi starting from block 6720000:
Code:
halving | block | year | reward
---------|---------|------|------------
0 | 0 | 2009 | 50.00000000
1 | 210000 | 2012 | 25.00000000
2 | 420000 | 2016 | 12.50000000
3 | 630000 | 2020 | 6.25000000
4 | 840000 | 2024 | 3.12500000
5 | 1050000 | 2028 | 1.56250000
6 | 1260000 | 2032 | 0.78125000
7 | 1470000 | 2036 | 0.39062500
8 | 1680000 | 2040 | 0.19531250
9 | 1890000 | 2044 | 0.09765625
10 | 2100000 | 2048 | 0.04882812
11 | 2310000 | 2052 | 0.02441406
12 | 2520000 | 2056 | 0.01220703
13 | 2730000 | 2060 | 0.00610352
14 | 2940000 | 2064 | 0.00305176
15 | 3150000 | 2068 | 0.00152588
16 | 3360000 | 2072 | 0.00076294
17 | 3570000 | 2076 | 0.00038147
18 | 3780000 | 2080 | 0.00019073
19 | 3990000 | 2084 | 0.00009537
20 | 4200000 | 2088 | 0.00004768
21 | 4410000 | 2092 | 0.00002384
22 | 4620000 | 2096 | 0.00001192
23 | 4830000 | 2100 | 0.00000596
24 | 5040000 | 2104 | 0.00000298
25 | 5250000 | 2108 | 0.00000149
26 | 5460000 | 2112 | 0.00000075
27 | 5670000 | 2116 | 0.00000037
28 | 5880000 | 2120 | 0.00000019
29 | 6090000 | 2124 | 0.00000009
30 | 6300000 | 2128 | 0.00000005
31 | 6510000 | 2132 | 0.00000002
32 | 6720000 | 2136 | 0.00000001
33 | 6930000 | 2140 | 0.00000001
lnx@tasman:~/dev/snippets$
lnx@tasman:~/dev/snippets$ python3 halving.py
halving | block | year | reward
---------|---------|------|------------
0 | 0 | 2009 | 50.00000000
1 | 210000 | 2012 | 25.00000000
2 | 420000 | 2016 | 12.50000000
3 | 630000 | 2020 | 6.25000000
4 | 840000 | 2024 | 3.12500000
5 | 1050000 | 2028 | 1.56250000
6 | 1260000 | 2032 | 0.78125000
7 | 1470000 | 2036 | 0.39062500
8 | 1680000 | 2040 | 0.19531250
9 | 1890000 | 2044 | 0.09765625
10 | 2100000 | 2048 | 0.04882812
11 | 2310000 | 2052 | 0.02441406
12 | 2520000 | 2056 | 0.01220703
13 | 2730000 | 2060 | 0.00610352
14 | 2940000 | 2064 | 0.00305176
15 | 3150000 | 2068 | 0.00152588
16 | 3360000 | 2072 | 0.00076294
17 | 3570000 | 2076 | 0.00038147
18 | 3780000 | 2080 | 0.00019073
19 | 3990000 | 2084 | 0.00009537
20 | 4200000 | 2088 | 0.00004768
21 | 4410000 | 2092 | 0.00002384
22 | 4620000 | 2096 | 0.00001192
23 | 4830000 | 2100 | 0.00000596
24 | 5040000 | 2104 | 0.00000298
25 | 5250000 | 2108 | 0.00000149
26 | 5460000 | 2112 | 0.00000075
27 | 5670000 | 2116 | 0.00000037
28 | 5880000 | 2120 | 0.00000019
29 | 6090000 | 2124 | 0.00000009
30 | 6300000 | 2128 | 0.00000005
31 | 6510000 | 2132 | 0.00000002
32 | 6720000 | 2136 | 0.00000001
---------|---------|------|------------
0 | 0 | 2009 | 50.00000000
1 | 210000 | 2012 | 25.00000000
2 | 420000 | 2016 | 12.50000000
3 | 630000 | 2020 | 6.25000000
4 | 840000 | 2024 | 3.12500000
5 | 1050000 | 2028 | 1.56250000
6 | 1260000 | 2032 | 0.78125000
7 | 1470000 | 2036 | 0.39062500
8 | 1680000 | 2040 | 0.19531250
9 | 1890000 | 2044 | 0.09765625
10 | 2100000 | 2048 | 0.04882812
11 | 2310000 | 2052 | 0.02441406
12 | 2520000 | 2056 | 0.01220703
13 | 2730000 | 2060 | 0.00610352
14 | 2940000 | 2064 | 0.00305176
15 | 3150000 | 2068 | 0.00152588
16 | 3360000 | 2072 | 0.00076294
17 | 3570000 | 2076 | 0.00038147
18 | 3780000 | 2080 | 0.00019073
19 | 3990000 | 2084 | 0.00009537
20 | 4200000 | 2088 | 0.00004768
21 | 4410000 | 2092 | 0.00002384
22 | 4620000 | 2096 | 0.00001192
23 | 4830000 | 2100 | 0.00000596
24 | 5040000 | 2104 | 0.00000298
25 | 5250000 | 2108 | 0.00000149
26 | 5460000 | 2112 | 0.00000075
27 | 5670000 | 2116 | 0.00000037
28 | 5880000 | 2120 | 0.00000019
29 | 6090000 | 2124 | 0.00000009
30 | 6300000 | 2128 | 0.00000005
31 | 6510000 | 2132 | 0.00000002
32 | 6720000 | 2136 | 0.00000001
33 | 6930000 | 2140 | 0.00000001
lnx@tasman:~/dev/snippets$
lnx@tasman:~/dev/snippets$ python3 halving.py
halving | block | year | reward
---------|---------|------|------------
0 | 0 | 2009 | 50.00000000
1 | 210000 | 2012 | 25.00000000
2 | 420000 | 2016 | 12.50000000
3 | 630000 | 2020 | 6.25000000
4 | 840000 | 2024 | 3.12500000
5 | 1050000 | 2028 | 1.56250000
6 | 1260000 | 2032 | 0.78125000
7 | 1470000 | 2036 | 0.39062500
8 | 1680000 | 2040 | 0.19531250
9 | 1890000 | 2044 | 0.09765625
10 | 2100000 | 2048 | 0.04882812
11 | 2310000 | 2052 | 0.02441406
12 | 2520000 | 2056 | 0.01220703
13 | 2730000 | 2060 | 0.00610352
14 | 2940000 | 2064 | 0.00305176
15 | 3150000 | 2068 | 0.00152588
16 | 3360000 | 2072 | 0.00076294
17 | 3570000 | 2076 | 0.00038147
18 | 3780000 | 2080 | 0.00019073
19 | 3990000 | 2084 | 0.00009537
20 | 4200000 | 2088 | 0.00004768
21 | 4410000 | 2092 | 0.00002384
22 | 4620000 | 2096 | 0.00001192
23 | 4830000 | 2100 | 0.00000596
24 | 5040000 | 2104 | 0.00000298
25 | 5250000 | 2108 | 0.00000149
26 | 5460000 | 2112 | 0.00000075
27 | 5670000 | 2116 | 0.00000037
28 | 5880000 | 2120 | 0.00000019
29 | 6090000 | 2124 | 0.00000009
30 | 6300000 | 2128 | 0.00000005
31 | 6510000 | 2132 | 0.00000002
32 | 6720000 | 2136 | 0.00000001
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!
Bitcoin Halving is a practical principle of bitcoin cryptocurrency and its simply reducing the miners rewards by 1/2 in every four years.
We've had about three halving since the evolution of bitcoin.
1. Bitcoin Halving 2012 (50÷2=25)
2. Bitcoin Halving 2016 (25÷2=12.5)
3. Bitcoin Halving 2020 (12.5÷2=6.25)
This affect the supply side of bitcoin in circulation as scarcity raises it value...
Bitcoin halving is an event which takes place every four years and this event has been ongoing , every four years the total reward of miners is being halved and the bitcoin price becomes bullish, so it's real and the previous halving was observed this year in May .
This is actually an indication that you were not really following crypto updates and details about cryptocurrency, when we just experienced the reality of halving a few weeks back, I suggest you go and read more about it.
Halving is real, it usually comes in between the bear and the bull, is the period when the miners reward is halved and Bitcoin bullish is launched.
Halving is designed for bitcoin not to be inflationary, a single reason that we could have ignore it by now. What do you mean that the halving is real and it usually comes in between the bear and the bull? do know what really the halving is? lol halving is expected to happen every for years from following the number of blocks being mined every year, if we get constant mined blocks then we can mathematically calculate when will be the next halving. It is not seasonal nor pushed by the crypto users lol. Halving is real, it usually comes in between the bear and the bull, is the period when the miners reward is halved and Bitcoin bullish is launched.
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!
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!
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.
This May 2020 we experienced halving and our bitcoin's price somehow moved in the market. If you didn't feel sudden pump and downfall in the price of bitcoin then you should wait for it till the next halving in year 2024. I will tell you, halving is real, if halving doesn't exist then bitcoin will not have any improvement as an asset in our investments. If you believe on halving, then just don't panic when halving occurs because it can really affect your bitcoin assets once you hold it.
A theory is just a compilation of ideas that is waiting to be proved or an intelligent assumption based on existing facts or clues. If Bitcoin halves, we maybe already seeing some price drops but that is not the case. We know that Bitcoin is having an stable value and just fluctuates it not too far amounts. We just need to be in constant watch of the pricing because it is not that hard to view Bitcoins value. We just need to wait if its real or not.
This is actually an indication that you were not really following crypto updates and details about cryptocurrency, when we just experienced the reality of halving a few weeks back, I suggest you go and read more about it.
Halving is real, it usually comes in between the bear and the bull, is the period when the miners reward is halved and Bitcoin bullish is launched.
Halving is real, it usually comes in between the bear and the bull, is the period when the miners reward is halved and Bitcoin bullish is launched.
Bitcoin halving is real, actually the halving is grabbing so much attention mostly because many believe it will lead to a price increase. The truth is, no one knows what’s going to happen and has seen two halvings so far 
...
IMO, the only theory that will could rely into is the long term bitcoin market value increase. All of the trends after halving are just hype and for us to really benefit in the market, we should wait further, a year or 2 to earn a profit.
This moment has been waiting for. Moreover, the two previous halving periods really brought big changes. So, a group of people who missed the previous period would want to try their luck in this period, that's what supports the high hype. But the big pump does not appear instantly, as you said, it took about a year to see a significant increase. Moreover, now we are in a difficult situation, the process can be longer. Well, the crypto world is very difficult to predict, it could be that the historical data is not valid this year, or new history will form. IMO, the only theory that will could rely into is the long term bitcoin market value increase. All of the trends after halving are just hype and for us to really benefit in the market, we should wait further, a year or 2 to earn a profit.
Is anything but a hypothesis but instead a reality. no matter whether we consider how individuals are utilizing digital money today, no matter whether everybody truly began utilising Bitcoin for normal use, no matter whether fiat was supplanted by fiat, Bitcoin dividing is an event that's now within the framework. that's except if you remove the online far and wide where nobody would have the choice to interface with it. Simply envision it being a line of code that's set to happen once tons of records/activities is watched. 
Bitcoin halving can't be just a therory at all if you compare it with previous havlings. Probably bitcoin will show its havling effect, gradually. But i don't think, people are falling back & investing in cryptocurrency cause now they need money for manage their daily expense. The miners reward is halved in every halving so it is something in real and you cannot call it a theory. On every halving the miners reward will be half so for the miners to continue mining, the bitcoin price will increase after every halving.
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!
by the old timer here and also makes the market price move up every time this event comes so how does it become theoretical
when this has been already happened times before?
and also the Miners can prove you this from the 2016 halving(since that time Miners bonus is far bigger than what offers this
2020 halving so that is really shameful)
It is normal for the investors to at least fall back every time there is a hard days in the market because they intend to profit
and not to stay though there are people like me that can afford waiting even if this took us years just to let our money
stays inside since what we invested here are the amount that we can afford to lose.
There are tons of theories and misconceptions about bitcoin halving. Some says, including me, that bitcoin halving will create a hype and people will buy and accumulate bitcoin right before halving occurs. I think it really happens, we can see the market just increase a little bit but not too much. Another speculation is that, more miners will surrender and leave the market because of losses since mining rewards will be halved. And I think it depends, there are some articles that tells that hashing power is getting low, but not directly stating that miners are leaving so it is still a theory.
IMO, the only theory that will could rely into is the long term bitcoin market value increase. All of the trends after halving are just hype and for us to really benefit in the market, we should wait further, a year or 2 to earn a profit.
IMO, the only theory that will could rely into is the long term bitcoin market value increase. All of the trends after halving are just hype and for us to really benefit in the market, we should wait further, a year or 2 to earn a profit.
How can we talk about a theory when this is happening before our eyes?
I'm also surprised. It seems like the OP must read more, don't just be easily provoked by a global conspiracy 
https://www.binance.vision/halving
This month is the third halving. Crypto enthusiasts are waiting for a big change from market movements, while the OP is still questioning whether this is just a theory? I hope the OP doesn't miss the train.
i guess the OP has already so much info here that more then likely he already changed his perspectives towards bitcoin halving. just by searching in google will give him insights that halving is real and not just a conspiracy theory. but we can't blame him if he initially had that kind of thoughts. this forum will give him a lot of knowledge that no one can get from other crypto websites. also, he can always ask for assistance from the forum members here even with stupid questions like this..
How can we talk about a theory when this is happening before our eyes?
I'm also surprised. It seems like the OP must read more, don't just be easily provoked by a global conspiracy https://www.binance.vision/halving
This month is the third halving. Crypto enthusiasts are waiting for a big change from market movements, while the OP is still questioning whether this is just a theory? I hope the OP doesn't miss the train.
Is anything but a hypothesis but instead a reality. no matter whether we consider how individuals are utilizing digital money today, no matter whether everybody truly began utilising Bitcoin for normal use, no matter whether fiat was supplanted by fiat, Bitcoin dividing is an event that's now within the framework. that's except if you remove the online far and wide where nobody would have the choice to interface with it. Simply envision it being a line of code that's set to happen once tons of records/activities is watched.
Bitcoin halving can't be just a therory at all if you compare it with previous havlings. Probably bitcoin will show its havling effect, gradually. But i don't think, people are falling back & investing in cryptocurrency cause now they need money for manage their daily expense.
You might be confusing the term "halving" with the term "burning". Where burning occurs when a project decides to cut their own supply in order to adjust the intended demand of just burn/destroy unused or unsold cryptocurrencies from their sale, Bitcoin doesn't have this "burn" feature as it wasn't even introduced by Satoshi. Halving is totally different from burning since it doesn't cut the total supply of 21,000,000 BTC it only cuts the block rewards of miners when they are mining BTC, what it does is it essentially slows down the process for miners getting more and more of the last supply of unmined BTC.
Theory. I saw a lot of messages that spoke about this. So far, none of them have been right.
please tell us how you checked this messages?
What's done is done and still think of it as a theory? there's a misconception on the OP of how he understood what bitcoin halving actually does. As explained well by pooya, it's not the total circulation that's being halved but the miners' reward per block. Like if you are earning $12.5 then your profit will be halved and goes like $6.25 and that's the actual rewards the miners get before and after the halving.
Theory. I saw a lot of messages that spoke about this. So far, none of them have been right.
None of them? how's that?
Theory. I saw a lot of messages that spoke about this. So far, none of them have been right.
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![/left]
And it comes to realty about halving, it really happening soon and we all can benefit from this.
Basically halving the total amount of Bitcoin in circulation.
What? Are we subtracting the number of Bitcoin in circulation estimated every 4 years? Lol after several years then there will a thousands in circulation
Anyway, you might want to ask the Bitcoin miners regarding your query, because basically Bitcoin block halving is cutting the block reward for the miners. So, that means, If a miner will earn 12.5BTC per block , after the halving it will decrease to just 6.25BTC per block.
Now, If the block halving is just a theory, Bitcoin should've been close to reaching the max cap of 21,000,000 by now.
I would say that this is a theory bordering on reality.
Really a painful fact for those who previously underestimated bitcoin, right?The previous halving period showed very good price development. Although the pump does not happen instantly, it provides signs and opportunities for the market to build a big surprise. For those who get the right timing will get a big advantage when the big pump happens. In this case, timing and patience are everything, if we analyze wrongly, then we may be late or too fast so we miss a good moment.
We know that the current conditions are less favourable. But I'm still optimistic because cryptocurrency is full of surprises. Even though it's not as big as the pump before, I'm sure there will be surprises.
It's not a theory and it has happened before. It's part of the process how Bitcoin is designed and how it's functioning, real Bitcoin users should have known that.
To my opinion the problem is in.expectations that some users are having from halving.and that might not always be in accordance with reality. The price might not necessary rise after halving, or least not significant.
To my opinion the problem is in.expectations that some users are having from halving.and that might not always be in accordance with reality. The price might not necessary rise after halving, or least not significant.
Of course bitcoin is halving for real, and it happens every 4 years. This is to keep bitcoin demand high. And another fact from bitcoin halving
is every halving happens always makes the price of bitcoin go up. Can be proven from two halving that previously happened. Maybe that says
bitcoin halving is only a theory that hater who wants bitcoin to lose interest. There are so many scientific explanations now about bitcoin halving
on the internet. We can search and read it so we can make more sure of bitcoin halving.
is every halving happens always makes the price of bitcoin go up. Can be proven from two halving that previously happened. Maybe that says
bitcoin halving is only a theory that hater who wants bitcoin to lose interest. There are so many scientific explanations now about bitcoin halving
on the internet. We can search and read it so we can make more sure of bitcoin halving.
legendary
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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![/left]
First of all lets see what is the definition of a Theory base on Google.Share your thoughts![/left]
Quote
a supposition or a system of ideas intended to explain something, especially one based on general principles independent of the thing to be explained.
Base on the definition, Bitcoin halving isn't considered a supposition already because the definition of it is "uncertain belief" and the event isn't considered a belief but it really is happening based on the protocol. We saw that it already happened twice so there is no point at this saying Bitcoin halving is considered a theory until now.
Well anyway, it came from a popular but trash news media. That is what I see about then and we have different opinions
.
It is real and this has been programmed into the Bitcoin protocol. It is not the entire supply that will be halved but the block reward. So it is not a theory but something that has been happening from the inception of Bitcoin genesis every 4 years
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!
Even in the article that you have mentioned already that this moment has happened twice, so how can you make a question whether this is just a theory?
Why it should be just a theory. 
BTC halving fixed when it was born not after created. It's an unique idea to make btc more demand able. Not just in btc, halving also bring a good image other alternative crypto too. It's bring equality between miners and normal users. So it's real, not just a theory which will happen or not.
BTC halving fixed when it was born not after created. It's an unique idea to make btc more demand able. Not just in btc, halving also bring a good image other alternative crypto too. It's bring equality between miners and normal users. So it's real, not just a theory which will happen or not. 
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!
Also this is a historic event that is speculated to take bitcoins price higher as the same happened in the past but a few weeks after the bitcoins block reward halving.
Despite the Coronavirus, our crypto community is immunized, it has not stopped.
I like this which is telling us that the present is with digital transaction. Stocks had little set back because of the economic drop but crypto is still making hodlers grow in confidence.
Halving is real and has been in history. Is a time to buy more and altcoins with value too.
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!
Whether it's a theory or not. I keep collecting as many bitcoins as possible. Bitcoin is no longer the future, it is in our present. We live every day monitoring its price, as well as the prices of the crypto market.
Despite the Coronavirus, our crypto community is immunized, it has not stopped.
Despite the Coronavirus, our crypto community is immunized, it has not stopped.
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.
Yeah you are right it would take a little time for the price to spike up like what happened in 2017. It was historic kind of event cause it peaked to its All Time High like noone really expecting it to happen. We might see a new ATH this coming halving if everything goes in to place, and we might see a healthy season of coin market like we have not ever seen before.
Is anything but a hypothesis but instead a reality. no matter whether we consider how individuals are utilizing digital money today, no matter whether everybody truly began utilising Bitcoin for normal use, no matter whether fiat was supplanted by fiat, Bitcoin dividing is an event that's now within the framework. that's except if you remove the online far and wide where nobody would have the choice to interface with it. Simply envision it being a line of code that's set to happen once tons of records/activities is watched.
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!
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 wonder if past history is "theory"? Its not as if this hasn't happened already, this is the 3rd time for Bitcoin, and many altcoins have done it too.
Your definition is very incorrect. It doesn't halve the amount of bitcoin of circulation, it is only the remainder of bitcoin production that slows down by half. Most bitcoins that will ever be, are already made.
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.
Yup, it's really easy to realize the OP hasn't read the WP. It's not just great knowledge but it explains the ins and outs of the mechanics, for example the point of the halvening is introducing some extra escarcity, so that is not just the 21m cap that drives price up, also make s it so that it takes longer to reach that 21m
Should we think of this as a theory? It happens already twice (2012 and 2016) and it will be happening again this year...and that is clearly enough to justify that halving is real and not just a trick to fool the people.
The current market performance is showing a slow uprising movement, we are already surpassing $7k resistance but away far to reach $10k again as we hit it before pandemic started...
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.
Bullish is usually taking occurs months after the halving and it even runs almost a year before we see its effect on the market price. That is why we can't expect that it shows early this year, 3rd or 4th quarter...that was it looks surprised to see. The current market performance is showing a slow uprising movement, we are already surpassing $7k resistance but away far to reach $10k again as we hit it before pandemic started...
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).
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
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.
Quote
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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