What does Halving actually mean for Beginners? - page 2.

tranthidung

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Farewell o_e_l_e_o

Quote from: ImThour on May 12, 2020, 12:37:33 AM

I am really new into this world and there is something called Halving which has happened yesterday If i'm not wrong. I just want to know what exactly happens like does the price falls or increases?

If you pay attention on price movements of coins, not only bitcoin, but also some top altcoins. Their prices usually have big movements around halving days. Unfortunately, you can not say exactly when such movements will begin or end, that is speculation only. Such movements can happen 1 months before halving or months after halving. The only thing, and it is important that you know is halving attracts attention of investors. More news, more beginners will join, more merchants will consider to accept bitcoin, etc. that all combine in one to result in a better adoption on massive scale. This one will result in a real impacts many months after the halving day.

In a nutshell, halving day is only a start of a long interesting journey which certainly has good impacts on price in the long run.

Quote from: tranthidung on May 02, 2020, 02:12:56 AM

You did not give us enough details on your circumstances
- Which sort of capital you use to invest in bitcoin? Is it your own money? Is it a loan?
- How long your capital (that you invested in bitcoin) will be free from any kind of financial demand?
- How about your current economic status (you should not give us details because of privacy)? Nevertheless, if you have enough save money, just in case to have something to use, I woulld like to advice you hold your bitcoin at least next one year.

In a nutshell, there are lots of details you did not provide us. Your first priority now is moving the thread to the right board and improve your topic title as well as OP contents.

Yourhomeboy

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To beginners I think halving is a time bitcoin price will boom. And they will double their investment during this period. But to me, halving works in a way we cannot predict what price bitcoin will be after the event. And as a digital Gold the production of bitcoin is finite which occurs once in four years. It is a period for miners to work and gain rewards.

Maus0728

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Well bitcoin halving is one of the most important and celebrated event in bitcoin community

It simply says that the number of bitcoin created per block is set to decrease by half hence, it is called "halving". If you are going to look at bitcoin source code, in every 210,000 blocks being mined or approximately every 4 years, the incentives received by the miners is decreasing from 50 => 25 => 12.5 => 6.25 (current halving that occured)., so on and fourth until there is no bitcoin left unmined.

Investing in bitcoin is based on your point of view and no one can decide it for you. If I were to be asked, I'll invest in bitcoin because I am for a long term hold regardless of its' price however, since we are dealing with cryptocurrencty expect that is is always volatile whereas it can overshoot or undershoot in terms of its price.

Note: your question is google able!

mk4

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Paldo.io 🤖

Here's what happens. The block reward is cut from 12.5 BTC to 6.25 BTC per block(approximately every 9-10 minutes). So, the supply entering the markets slows down quite significantly. Now, does that guarantee a price increase? Heck no. Even if every single bitcoin has already been mined, it could still go down even if there was less bitcoin being sold than being bought. So, what will happen? We can only guess.

pooya87

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halving has nothing to do with bitcoin price. it is all about the bitcoin supply, it is a mechanism that ensures the supply of bitcoin is limited instead of being like fiat and be unlimited to be printed non-stop till eternity. and since the supply is generated as reward for the work that a miner does in form of a newly generated coins in first transaction of each block, it has to decrease over time to achieve that limited (or capped) supply. the bitcoin design is that rewards starts from 50 bitcoin per block and it is reduced by exactly 50% every 210000 blocks (it wold take roughly 4 years).

price is only changing during halving due to speculation. whether you should continue investing in bitcoin or not should always depend on your view of bitcoin's potential and what it actually offers as a decentralized payment system not based on some arbitrary hype on the internet.

UserU

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FREE passive income eBook @ tinyurl.com/PIA10

Quote from: ImThour on May 12, 2020, 12:37:33 AM

Hey,

I am really new into this world and there is something called Halving which has happened yesterday If i'm not wrong. I just want to know what exactly happens like does the price falls or increases? Also, what things should I consider - Should i continue investing in BTC even after this Halving?

Thanks. Sorry if this post is in wrong section, found Beginners in the title so i posted it here.

No one knows, but seeing the halving has already happened, things didn't go too bullish once the rewards were halved.

There's never a bad time to invest, but remember that bullish events tend to face corrections afterwards once investors realize their profits.

By the way, are you keeping your Bitcoins in a wallet or an exchange?

EDIT: That's some nice profile text you have there.

ImThour

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Bitcoin Bottom was at $15.4k

Hey,

I am really new into this world and there is something called Halving which has happened yesterday If i'm not wrong. I just want to know what exactly happens like does the price falls or increases? Also, what things should I consider - Should i continue investing in BTC even after this Halving?

Thanks. Sorry if this post is in wrong section, found Beginners in the title so i posted it here.

Topic: What does Halving actually mean for Beginners? - page 2. (Read 331 times)