Topic: What to know about Bitcoin Halving (Read 319 times)

Wouldnt an understanding of what exactly the halving is result in the realisation of
the affect on the price of Bitcoin when the supply is cut in half and demand increases...
without taking into consideration the speculative trading prior to and directly after the event.

The question posed by the person initially states "during the halving". Technically
the halving only lasts ~10 minutes during the mining of the first new block after that
we are in the new block reward territory.

I remember the popular question from the last halving just a few days beforehand and
just directly after the event...

"Is the halving priced in?"

"

The article is not about the current block reward or the next block reward, the article explains how Bitcoin increases in the market price when Bitcoin halving happens.  The article cited an example of how the cut in supply increases the Bitcoin price which I highly agree with since the market price is inversely proportional to the supply.  The lesser the supply, the higher the price of an item in the market.  I think it is more on the saturation of the Bitcoin market.

The only and easiest explanation needed is:

The current Bitcoin mining reward per block is BTC6.25
After the halving the reward per block is reduced to.... BTC3.125

That block reward will remain until the following halving.

There is no need for analogies or comparisons, if anyone doesnt understand well then there
is a problem.

Nothing new; several topics, like "what will happen after and before halving," have been discussed on the forum, and several ideas have been shared that newbies are already learning from. The link you provide only shows the guys post with some analogy. Say it as it is: Bitcoin halving is what it is—no big deal, nothing so hard to learn about. During halving, miners rewards are divided in half, and the halving period of Bitcoin is what gives rise to the bull market, so it's just to know that during the halving year of Bitcoin, the price doesn't go bearish like when there is a full bear season.

Halvings are significant events in cryptotrading, so its useful to understand the mechanism of halving... In general, there is a possibility of a bull run during halving, since the price of mining power reduces by half. Also, halving is the key factor in development of mining technologies, since more mining power is needed after it.

According to my opinion, what you want to say is to inform about the price movement of BTC during Bitcoin halving or after Bitcoin halving, so my position in this regard is that the first thing must be done during halving, which is on April 24, 2024, the miner's reward will be halved in the BTC block, which is received for processing the transaction. And that happens every 4 years. So these halving events must have had an impact on the price of BTC; the evidence is the past. Halving has happened 4 times in the history of Bitcoin, and every time we have seen a rise in the price of Bitcoin, and this time too, that will show a rise in the BTC price by breaking the ATH.

So I think only the Bitcoin halving process is necessary for newbies to learn from an educational perspective because price movement is based on speculation, and speculation should be everyone's own because BTC is a volatile thing. Further regarding Bitcoin halving, I will say that it is not mandatory for the BTC price to move like in the past during or after BTC halving. According to CZ about Bitcoin halving, "history's past doesn't predict the future in the cryptocurrency market" because there is no guarantee that there will be identical outcomes of the past pattern in the future.

But what is obligatory will happen in the Bitcoin halving; that is, the BTC block reward will be cut in half, and the obligations will not necessarily be the same as in the past in price movement.

One shouldn't DCA or invest just because there is a halving event coming up, but if one thinks that Bitcoin has potential for growth in the long term, one should do it whenever one can. Besides, there is actually no guarantee that there will be an immediate bull run after the halving, it's just that it used to happen in the past so people expect it to happen, but the market can always take its time and we as investors should always be ready for any outcome.

The biggest reason why the market goes up after or around the bull run is because people start to believe that it is about to go up and that makes them buy as much as they can aiming for higher profits and when there is high demand and high confidence among investors, the market tends to go up.

You could have listed the most interesting answers so that we do not have to navigate outside the forum.  You already stated that you are sharing those comment, but instead you put a link of the thread.

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It is already obvious to everyone that during the Bitcoin halving, the Bitcoin market become bull market because the halving is known to be the catalyst for the Bitcoin market bull run.  We are expecting and uptrend movement once the catalyst is activated and the history even told us that during the bull-run, there are series of ATH breaking events.

I think OP you know how to check charts right now, even if you just view it from the history.
Just check the price of Bitcoin on every block halving in the past, you will see how the price is reacting on every "before" of Bitcoin block halving.

Check more info about bitcoin block halving here: https://www.bitcoinblockhalf.com/

Definitely! Already down with dual investment just like the DCA, it gets the low automatically. Let's keep hoping to see where price will lead by next year

The only thing we're sure that will happen to BTC during the halving s that the BTC block reward is going to be halved, therefore reducing the supply of BTC's, every other thing like the price pumping and BTC going to 100k and more is just speculation, we are not sure of it happening, though when supply is reduced and with the chances of demand increasing around the halving period, it is very possible that the price of BTC is going to pump very high.

Don't swallow every prediction you see of BTC online, so many people are just pulling numbers out of a hat, we cannot know for sure how high it is going to go or how low it can go too, we can only wait and find out for ourselves.

Halving becomes a big deal for people in this industry due to expectations. It’ll all boil down to assumptions of new ATH possibility and there’s nothing really wrong with that. More investors are expected as well to enter this market by that time but those who won’t know what is really happening, are more likely ones who would suffer. Not because halving occurs, it will already mean instant market price increase in a dramatic way. Eveything needs time and if we would base on the charts from previous halvings, then we can draw conclusion that ATHs were reached after a year since its occurence.There were also halving which dis not make that much of impact in this industry so better be careful still with your assumptions.Would be better to invest early as long as you can endure sudden market price changes.

Charles' explanation is more precise than of that you've shared OP because that reddit post is about the economical effect of halving.

And if you're going to get that much information about Bitcoin halving, there are plenty of it from this forum than of many sub reddits because info there are like scattered and can be found everywhere.

About the topics of halving, you can freely search it on the top right box of it to see them.

Bitcoin halving is a very popular event in this industry, and personally, I do not see any need of sharing this here since its already of the most discussed topic, both in and outside this forum, its an event and a season crypto investor looks forward to.

Charles-Tim already touched on the number aspects of the event, so there really no need going into that aspect of it, but the long and short of it is that, Bitcoin halving is an event and a season every crypto believer does and should always look forward to .

This is not the first time that there have been discussions on bitcoin halving, alot have already said, bitcoin Halving is believed to occur every four years interval, we are expecting next year to be the next time for another occasions of such experience which always follow by bullrun and then the market go more favourable on bitcoin investors, part of the excitement is the provision for that awaited avenue to be profitable over one's bitcoin investment, there's alot that had already been talked about on halving which have been to every investors advantage and benefits.

I tend to agree with the comment there, it's a wrong comparison of an apple.

We've also an interesting topic here regarding Bitcoin halving not only on Reddit.
Besides, there are too many articles now that you can read regarding halving and it's explained well. (example)

The price was expected to grow after halving but still, there's no accurate time frame when it will happen.
Based on previous results, it occurs 6 months to one year because the all-time high will come.

When many people first heard about bitcoin and the principles of bitcoin, it is highly probable that the person telling you about it or where you went to explore it talked about bitcoin halving. Because of the consequence that occurs with the event of halving, bitcoin halving has become a household name in the bitcoin community.

That is when miner’s payouts are halved and bitcoin holder’s portfolios are boosted by the latter action of bitcoin halving, which normally results in a bull run. One unique aspect of the halving is that it causes not only bitcoin but also alt coins to rise in price at the same time. This is not a recommendation to invest in altcoins, not all of them will survive the market volatility when the time comes.

When I discovered that the Bitcoin halving was appropriate for what I was doing at the time, I had already started building up the potential cryptocurrency I had seen when it coincided with a rise in Bitcoin's market price. So, a few months back, I was completing the DCA.

As a result, it is certain that the altcoins will follow Bitcoin's movement during the future halving, knowing that Bitcoin's value price has increased on its own day. Additionally, I believe that this time it would be very difficult for the holders to increase their funds.

I appreciate that you thought about the forum people and wanted to help them by sharing the knowledge you found on other platforms. But what I can tell you is that this forum already has better information than Reddit threads. Some knowledgeable users can answer better than others. The problem for Reddit users is we don't know if they have any reputation or not. I do not understand the reputation system of Reddit. In comparison, I know which users' answers I can trust and which users' answers cannot. Anyways, it's basic information that the block reward will be divided into after the halving event.

Exactly! This is what I had in mind. The way we understand Bitcoin might not be the same way others particularly those newly into crypto would understand it.

Let's talk about trading for instance. When someone new wants to trade we tend to tell them to start with Spot trading to understand the basics of trading. All of them still consist of buy and sell or we either tell them to use Copy trading. Major exchanges do have good traders for that. Little things like this would help those eager to learn to understand the foundation before diving into it