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[SCAMEXPOSER]

It is very important to know or get aquatinted with every terms or words used in the crypto currency world in order to stay updated and guilded.

Bitcoin Halving refers to the period in which new bitcoins are released by Bitcoin network in every 10 minutes. This period occurs in the first quarter of every four years.
The number of Bitcoins released is usually decreased by 50% in the subsequent years. In the year 2012 the number of Bitcoin released during Halving was 25 Bitcoin while in the year 2016 it was reduced to 12.5 Bitcoin, 6.25 Bitcoins is expected to be released for the year 2020.

The date for this year Halving is 11th May 2020.

 

[KarthikP]

Yeah and soon the Bitcoin supply will be stopped once the 21 million bitcoins are mined. After every halving , probably the Bitcoin value rises for a limited period of time , right?

 

[SCAMEXPOSER]

I can see serious hike in Bitcoin price cos the moment the total estimated Bitcoin to be mined is finish, the rest is just trading and exchanged amongst few individuals there by making it scarce and high in value.

 

[Bilalgul]

I am dialler waiting for the event to occur and then the price of Bitcoin will shoot and I will be able to get my interest format finally because I have many of the mind requirements which I have put on pending for this event

 

[SCAMEXPOSER]

The number of bitcoin to be released during Halving this year is just 6.25 bitcoin so very likely people may rush to aquire them there by making the price to shoot up during and immediately after Halving.

 

[microunit]

Yeah and soon the Bitcoin supply will be stopped once the 21 million bitcoins are mined. After every halving , probably the Bitcoin value rises for a limited period of time , right?

let us not forget the satoshis/btc that are left out in someones wallets and not being used, let's think about that as bills that got damage or shredded and cannot be use again, by those thinking we can think that btc price will continue to rise until they are too expensive to buy until people will actually lost interest in them, but those time is still really far

 

[microunit]

Bitcoin Halving seems quite complicated to understand and the way it affects the price of bitcoin is also something that I do not understand.

bitcoin halving is as simple as the rewards in the bitcoin blocks are just halved, like if the previous reward for completing a block is 13 btc the new one would be 6.5 btc, it affects the price as the speed as which new supplies are being supplied in the market gets halved also, and the demand for bitcoin is still same so there would be more demand than supply so the price would spike up

 

[SCAMEXPOSER]

@microunit, you are right, the Halving is the more reason why some bitcoin Investors and holders are very optimistic for a big rise in the value in years to come if it remain the top coin.

 

[microunit]

@microunit, you are right, the Halving is the more reason why some bitcoin Investors and holders are very optimistic for a big rise in the value in years to come if it remain the top coin.

I think bitcoin will remain the top coin for a long time, as it is still the most popular cryptocurrency , though I wonder how eth will catch up to bitcoin if eth 2.0 comes out

 

[SCAMEXPOSER]

I think bitcoin will remain the top coin for a long time, as it is still the most popular cryptocurrency , though I wonder how eth will catch up to bitcoin if eth 2.0 comes out

That's another challenge for ethereum 2.0 except it gonna start with high price however the only bitcoin can be out of trend is if the value becomes to high and not affordable.

 

[microunit]

That's another challenge for ethereum 2.0 except it gonna start with high price however the only bitcoin can be out of trend is if the value becomes to high and not affordable.

I think bitcoin could still be affordable for a long time , I guess it can't be that affordable if the price of 1 satoshi would be near 1 dollar and 1 bitcoin would amount to around $10m which is kinda absurd to think it would even reach that much

 

[microunit]

Bitcoin halving has always been a chance for new investors to earn profits. But halving of 2020 has dissappointed many of the investors out there.

it's just that most of these investors don't really know the effects of halving so they just keep jumping to invest hence major spikes, halving 2020 is different because the bitcoin reward is already small so the reward reduced from halving is also small compared to last 2016 halving, last 2016 halving the amount reduced from the reward was 12.5 btc as pre halving that time reward was 25 btc so 12.5 less btc reward , this 2020 halving only reduced 6.25 so that's why it did not make much an impact unlike previous halvings, and also to mention that this time most of the supply was already circulating in the market unlike before supply was still scarce

 

[Josemendez]

I believe the present bullish run of bitcoin is because of the halving that happened 3 months ago .
And we will continue to see this rise for a long time .

 

[Yugocean]

Pre Halving results

Today Bitcoincash is going to halving, in one week BSV will be halved as well. These two Hardforks of Bitcoin will inform Post Halving possibility for Bitcoin before halving, because in 2 weeks Bitcoin will also get halved

 

[Riberet19]

I didn't know that Bitcoin Cash had done its halving a few days ago, this is interesting, it almost coincides with the Bitcoin halving date, well I guess it's because it's a Bitcoin fork and they are almost synchronized on that.