in essence the supply of bitcoins is halved . So in theory most people are expecting some sort of price rise due to a decreased supply of coin.
That's completely fucking wrong..
Not at all.
if you said that was wrong,then you should give us a right answer.
The only part he got correct was
Yes the block reward for mining is halving which means instead of the 25 bitcoins rewarded for every block solved it will be lowered by half down to 12.5
He's making it sound like the total # of BTC goes from 21 million to 10.5 million, which is absolutely not true. The only thing that will change is the block reward.
The second part he got wrong is the price of bitcoin rising, in 2012 when halving occurred, it had no noticeable impact on the price per coin
Don't spread false information. He shouldn't have even replied if he didn't know the correct answer.
