Topic: What is Bitcoin Halving - page 2. (Read 374 times)

All your statements are correct, even this one is also correct, the first halving was in November 2012, while the second was in July 2016, the third was in May 2020 and definitely the next will happen some months before May in 2024 which means halving is not exactly happening in every 4 years but approximately in every 4 years after each 210,000 blocks are mined. Because halving happens approximately in every four years, it is said that bitcoin halves in every four years.

I am not saying what the thread starter posted is authentic though, in fact, he should follow your advice to learn before posting for not to mislead people.

I think most of our forum member know well about Bitcoin and its technology. Nowsdays it is very easy to get information about bitcoin because Bitcoin is with us more than 10 years. You can get so many articles about bitcoin, how it works and so on.

One's own mistakes can never be caught and corrected by others, but there is no place for mistakes in the forum.
Thank you very much.

I don't know where to start here... Your post is full of half-truths and contradictions...

For example:

• blocks aren't created every 10 minutes. The difficulty is adjusted every 2016 blocks so that the average time between two blocks is ~10 minutes if the hashrate would stay the same as the previous 2016 blocks (at least, under normal circumstances)
• the halving isn't every 4 years, but every 210.000 blocks
• you're saying the price goes up AND down after the halving in the same sentence
• there is no technical correlation between the halving and the price, only an economical one (and even this is debatable)
• halving something IS reducing it... So when you say "halved or even reduced" you're basically repeating yourself (albeit, the first time you're giving more info than the second time)

Want my advice? Read, learn, listen... Ask questions (sure), but don't write "tutorial"-style posts on a subject you don't have enough knowledge about...

But not on this forum, halving is like asking someone 'what is water' here.

You are wrong, bitcoin halving specifically is when bitcoin block reward halves, in the process, bitcoin supply is reduced. It happens approximately every four years after another 210,000 blocks are mined. This is the simple points you supposed to clearly explain.

This forum is not for making mistakes, your works must be excellent, your posts must be authentic.

                                       What is Bitcoin Halving
Many of those who work with Bitcoin have no idea about Bitcoin Halving.
Many people do not understand the subject of halving, they will get some idea if they read this post.
For example, halving means halving or halving means the price of bitcoin has dropped a lot
Bitcoin halving is a process by which the rewards that minuses receive per block during bitcoin mining are halved or even reduced. Bitcoin is halved every 4 years since the creation of Bitcoin. Many of us may not know about Bitcoin network but new blocks are created one by one after 10 minutes. After 10 minutes before bitcoin halving, new blocks would be made. If the miners verified it, they would get a good profit. Before and after bitcoin halving, it was speculated that the price of bitcoin started pumping from some time before halving to a positive one in the market. The reason for the price increase before Halving takes the run is when the market is in turmoil. After 10 minutes of halving, the bitcoin that is made is halved, so the price of bitcoin in the market is less than before, so the price of BTC increases after halving. However to get a clearer idea about bitcoin halving you need to take a good look at the countdowns and charts.
If there is any mistake in this discussion, you will see it with forgiveness.