Topic: THE BITCOIN HALVING EXPLAINED! (Read 213 times)
wow what a great explanation by cryptomaniaks. i was pretty confused regarding this but thanks to you now I have understood what Halving is. I hope this will increase the price and we can see the next bull run i heard bull run comes after halving of btc.
The infographic explained it well from this point of view. you can also try this youtube video to further understand what would be going to happen when this bitcoin halving comes.
The Bitcoin Halving Explained
The Bitcoin Halving Explained
Quote
I think an information is very OK with some newbies here in the forum and the price will surely come next when the Halving occur, And I guess everyone can surely see the price when they would look at the old charts, Well all newbie need is a great explanation on how the halving would work, I really think this infographic is the best way to really make the newbies understand all about the upcoming Halving and what can be its benefit and also the negative effect it can bring.
Thanks a lot. Even I am curious and already onto researching that how could the price of bitcoin be affected by Halving. I have read a lot of people saying that it would moon after a year of halving as it has already done but I think this must be backed by some technical analysis and I am already onto that.
It could sure affect the price of Bitcoin that much, It can be in a negative way or a positive way, but mostly it turned out positive every time it had its Halving, Well because of certain developments people just want to be out from the shoes of Bitcoin and they consider on a Halving that may create a new coin that will bear the name Bitcoin on it, As we can see Bitcoin Cash is a spawn of Bitcoin that turns out fine in my opinion, but still Bitcoin is still the supreme coin of all, Well this can be a great chance for people that hold a bunch of Bitcoin in my opinion.
Actually theoretically this is true. But with advancements of technological infrastructure and advent of quantum computer which are far more efficient than super computers I think we could see these last few blocks being mined much earlier that what we are expecting it to be mined. Looking at the current pace of development I am pretty certain about that.
I don't think that's possible, something already predetermined cannot be accelerated unless there were some changes in code, and this is not something that can happen without consensus. We can have more than 21 million BTC, any change is possible - but then we change the original idea of Satoshi Nakamoto. That 1% of total coins that will be left around 2032 will be mined in the next 100 years which is pretty irrelevant for the overall picture.
This can be a push for the bitcoin price in 2020. When the supply is being slowly limited, bitcoin should naturally increase its price slowly. I'm expecting a surge in prices in 2020 even if only for 2 3 months and gradually steadying once again, showing a side graph. Very helpful infographics to people whom dont know what halving means and can potentially educate them to the steps they could follow for the following year.
We should expect like this- 2016 block halving, 2017 Bitcoin to the moon
- 2020 block halving, 2021 Bitcoin to the moon
to OP, appreciate the graphics so much. This is absolutely less boring thread to read and much easier to understand for them who didn't know about this event yet
I think you should also look at the price price not just on the year of the halving itself but prior to really understand how much did bitcoin grows.
So for next year's halving, the lowest low we reach in around $3100-$3200 (December 2018). So it is going to be exciting what's going to be the moon price or the all time high after next year block halving, it could be in the year 2021- 2022.
I think an information is very OK with some newbies here in the forum and the price will surely come next when the Halving occur, And I guess everyone can surely see the price when they would look at the old charts, Well all newbie need is a great explanation on how the halving would work, I really think this infographic is the best way to really make the newbies understand all about the upcoming Halving and what can be its benefit and also the negative effect it can bring.
It may be important to point out that currently, BTC supply (mined coins) is close to 18 million, and that somewhere around 2032 we can expect that 99% of all BTC will be mined. With that 1% left for the next 100+ years it will be really exciting to see what will happen in the market, and how will this affect the price. All this, of course, depends on the demand for BTC and what will happen in the next 10 years.
The last picture is showing 2024 as the last halving, but this will continue every 210,000 blocks.
Actually theoretically this is true. But with advancements of technological infrastructure and advent of quantum computer which are far more efficient than super computers I think we could see these last few blocks being mined much earlier that what we are expecting it to be mined. Looking at the current pace of development I am pretty certain about that. The last picture is showing 2024 as the last halving, but this will continue every 210,000 blocks.
It may be important to point out that currently, BTC supply (mined coins) is close to 18 million, and that somewhere around 2032 we can expect that 99% of all BTC will be mined. With that 1% left for the next 100+ years it will be really exciting to see what will happen in the market, and how will this affect the price. All this, of course, depends on the demand for BTC and what will happen in the next 10 years.
The last picture is showing 2024 as the last halving, but this will continue every 210,000 blocks.
The last picture is showing 2024 as the last halving, but this will continue every 210,000 blocks.
Many people on this forum don't have the idea what this halving of BTC is all about. So for them this is a simple info-graphic I found on Internet which pretty much explains what is Bitcoin Halving.
Source: CryptoManiaks on Twitter.
Source: CryptoManiaks on Twitter.
This information will be very helpful for people who don't know much about Bitcoin halving. The halving is very important for the market too. I think the 2020 halving can also start a bull-run after some time it finished.
Many people on this forum don't have the idea what this halving of BTC is all about. So for them this is a simple info-graphic I found on Internet which pretty much explains what is Bitcoin Halving.
I think many people here do know about that event however, they don't understand what's the meaning of this so called block halving. We can also include the timer here:
https://www.bitcoinblockhalf.com
But yes, thanks for this infographics, I think having visuals will give more users understand why this event in bitcoin's history is important. Specially how it will cut in half in half resulting in BTC being scarce and this will cause the price to spike dramatically after the said event. But people need to understand as well that the price won't shoot overnight.
This can be a push for the bitcoin price in 2020. When the supply is being slowly limited, bitcoin should naturally increase its price slowly. I'm expecting a surge in prices in 2020 even if only for 2 3 months and gradually steadying once again, showing a side graph. Very helpful infographics to people whom dont know what halving means and can potentially educate them to the steps they could follow for the following year.
We should expect like this- 2016 block halving, 2017 Bitcoin to the moon
- 2020 block halving, 2021 Bitcoin to the moon
to OP, appreciate the graphics so much. This is absolutely less boring thread to read and much easier to understand for them who didn't know about this event yet
I think you should also look at the price price not just on the year of the halving itself but prior to really understand how much did bitcoin grows.
So for next year's halving, the lowest low we reach in around $3100-$3200 (December 2018). So it is going to be exciting what's going to be the moon price or the all time high after next year block halving, it could be in the year 2021- 2022.
I think an information is very OK with some newbies here in the forum and the price will surely come next when the Halving occur, And I guess everyone can surely see the price when they would look at the old charts, Well all newbie need is a great explanation on how the halving would work, I really think this infographic is the best way to really make the newbies understand all about the upcoming Halving and what can be its benefit and also the negative effect it can bring.
Those are some definetly eye pleasing graphics, and it's well designed for newbies and super easy to just take in.
I remember back in the days where I saw the first halfing of Bitcoin live in action, it was quite underwhelming, but was probably pretty crucial to the price moons the next year, this time I am looking for more instant results, which I definitely think will happen with the huge volume and publicity BTC is getting nowadays.
It's exciting times people, and this graphic should definetly help the less knowledgeable hop on the hype train with us.
I remember back in the days where I saw the first halfing of Bitcoin live in action, it was quite underwhelming, but was probably pretty crucial to the price moons the next year, this time I am looking for more instant results, which I definitely think will happen with the huge volume and publicity BTC is getting nowadays.
It's exciting times people, and this graphic should definetly help the less knowledgeable hop on the hype train with us.
This can be a push for the bitcoin price in 2020. When the supply is being slowly limited, bitcoin should naturally increase its price slowly. I'm expecting a surge in prices in 2020 even if only for 2 3 months and gradually steadying once again, showing a side graph. Very helpful infographics to people whom dont know what halving means and can potentially educate them to the steps they could follow for the following year.
We should expect like this- 2016 block halving, 2017 Bitcoin to the moon
- 2020 block halving, 2021 Bitcoin to the moon
to OP, appreciate the graphics so much. This is absolutely less boring thread to read and much easier to understand for them who didn't know about this event yet
I think you should also look at the price price not just on the year of the halving itself but prior to really understand how much did bitcoin grows.
So for next year's halving, the lowest low we reach in around $3100-$3200 (December 2018). So it is going to be exciting what's going to be the moon price or the all time high after next year block halving, it could be in the year 2021- 2022.
This can be a push for the bitcoin price in 2020. When the supply is being slowly limited, bitcoin should naturally increase its price slowly. I'm expecting a surge in prices in 2020 even if only for 2 3 months and gradually steadying once again, showing a side graph. Very helpful infographics to people whom dont know what halving means and can potentially educate them to the steps they could follow for the following year.
We should expect like this- 2016 block halving, 2017 Bitcoin to the moon
- 2020 block halving, 2021 Bitcoin to the moon
to OP, appreciate the graphics so much. This is absolutely less boring thread to read and much easier to understand for them who didn't know about this event yet
This can be a push for the bitcoin price in 2020. When the supply is being slowly limited, bitcoin should naturally increase its price slowly. I'm expecting a surge in prices in 2020 even if only for 2 3 months and gradually steadying once again, showing a side graph. Very helpful infographics to people whom dont know what halving means and can potentially educate them to the steps they could follow for the following year.
Expecting to pump at the year 2020 I think is still too early even with halving news to come next year, we can expect more price pump from bitcoin halving when the time is coming where all bitcoin is almost all mined, that's where we will feel the effects of halving and how it will change the price of bitcoin.
I do hope they see this amazing infographic that you shared. Some said, "Bitcoin is bull run, it is because of halving!", but honestly they do not fully understand what ia halving and how does it work. I find so many explanations in the internet which makes it more complicated to understand but this one is just a simple to perceive the intended meaning. A big help to easily interpret the meanin of halving. Great job for sharing, OP.
Nice and simple, but it still delivers the point. It is worth remembering that new people are entering the space all the time, and they have no idea what is going on. I mean, the progress of crypto space is difficult to track even for people who have been a part of it for a long time, let alone for newcomers. Great post.
Nice infographics and thanks for sharing the source... After taking a look to they twitter they have a lot of info about cryptos explained in the same way, they deserve a shoutout https://twitter.com/CryptoManiaks
About the halving is a nice topic, it was a great way in the code to give long life to miners until the price hits the moon, because ones the last bitcoin gets mined miners will only receive the transactions fees.
About the halving is a nice topic, it was a great way in the code to give long life to miners until the price hits the moon, because ones the last bitcoin gets mined miners will only receive the transactions fees.
This can be a push for the bitcoin price in 2020. When the supply is being slowly limited, bitcoin should naturally increase its price slowly. I'm expecting a surge in prices in 2020 even if only for 2 3 months and gradually steadying once again, showing a side graph. Very helpful infographics to people whom dont know what halving means and can potentially educate them to the steps they could follow for the following year.
We should expect like this- 2016 block halving, 2017 Bitcoin to the moon
- 2020 block halving, 2021 Bitcoin to the moon
to OP, appreciate the graphics so much. This is absolutely less boring thread to read and much easier to understand for them who didn't know about this event yet
This can be a push for the bitcoin price in 2020. When the supply is being slowly limited, bitcoin should naturally increase its price slowly. I'm expecting a surge in prices in 2020 even if only for 2 3 months and gradually steadying once again, showing a side graph. Very helpful infographics to people whom dont know what halving means and can potentially educate them to the steps they could follow for the following year.
Great infographics! Thanks for sharing.
It is much easier to learn if the materials are like this, graphics that are pleasing to the eyes and the words are at the minimum. Everything's direct to the point. I hope they also have similar infographics about other aspects or developments of Bitcoin such as what and how Lightning Network works, what is Bitcoin mining, what are forks and why they happened, or perhaps about the very basics of Bitcoin itself. Newbies will have more fun getting familiar with Bitcoin in this manner.
It is much easier to learn if the materials are like this, graphics that are pleasing to the eyes and the words are at the minimum. Everything's direct to the point. I hope they also have similar infographics about other aspects or developments of Bitcoin such as what and how Lightning Network works, what is Bitcoin mining, what are forks and why they happened, or perhaps about the very basics of Bitcoin itself. Newbies will have more fun getting familiar with Bitcoin in this manner.
In 2016, I officially entered the world of Bitcoin and cryptocurrency and I think Bitcoin was still $500 more or less at that time (sadly I did not buy as much as I can because I failed to see that Bitcoin can soon go parabolic). That year there was also a halving. I was thinking at that time that halving means that the price or value of Bitcoin will be cut into two. I am now smiling at this thought right now. At that time, I was then naive and really just another newbie at that time. Today, I now learn a lot on Bitcoin and what this reward halving is all about. Yes, it should be called as "bitcoin reward halving" and not just "Bitcoin halving" for the sake of new entrants to the marketplace.
Let's hope that the 2020 Bitcoin reward halving can be a good catalyst that can push the value of Bitcoin some more or maybe even be the reason a bull run can happen. This is aside from more adoption and use of Bitcoin both by consumers and merchants.
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