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Mining Difficulty of Bitcoin Rises All Time High Days Before Halving

microunit

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Following Bitcoin's halving that will take place in a few days from now which will reduce mining rewards in a block from 1800 BTC to 900 BTC, Mining difficulty of the #1 cryptocurrency rises all time high to 16.1 trillion, This is following the last days were the bitcoin price Jumped from 7000$ to 9000$ in course of a few days
 

Mbwolf

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yes bakc in the days I saw this halving happened but I didin't invest on it but I will do this time for sure
I just want to know when the halving happen where the other bitcoins goes ?
 

microunit

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yes bakc in the days I saw this halving happened but I didin't invest on it but I will do this time for sure
I just want to know when the halving happen where the other bitcoins goes ?
which other bitcoin? if you're talking about the supply bitcoin it's just still right there in the system it will just wait for its turn to be rewarded to miners and it will rotate around every supply
 

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which other bitcoin? if you're talking about the supply bitcoin it's just still right there in the system it will just wait for its turn to be rewarded to miners and it will rotate around every supply
I thought that halving is gonna make the half of bitcoin dissapear from the internet to just let the price high, I read it somewhere 2 years ago
 

microunit

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I thought that halving is gonna make the half of bitcoin dissapear from the internet to just let the price high, I read it somewhere 2 years ago
nope that's a false article, clearly the writer never understood fully the blockchain network, but there are chances that a bitcoin will disappear or become obsolete this is if a user have bitcoin in his/her wallet , then he never used it again , those bitcoin in his wallet will forever be their and will not ever circulate the market thus lowering the total circulating supply of the bitcoin chain
 

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nope that's a false article, clearly the writer never understood fully the blockchain network, but there are chances that a bitcoin will disappear or become obsolete this is if a user have bitcoin in his/her wallet , then he never used it again , those bitcoin in his wallet will forever be their and will not ever circulate the market thus lowering the total circulating supply of the bitcoin chain
thank you for the information and yes you are right but there is alot of bitcoin and other currnecies wallet take your credit if you are not active
 

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Following Bitcoin's halving that will take place in a few days from now which will reduce mining rewards in a block from 1800 BTC to 900 BTC, Mining difficulty of the #1 cryptocurrency rises all time high to 16.1 trillion, This is following the last days were the bitcoin price Jumped from 7000$ to 9000$ in course of a few days
Very likely the price of Bitcoin may not drop this time as the number of bitcoin to be mined will likely get reduced, with this your write up, investing now will be a good idea.
 

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Very likely the price of Bitcoin may not drop this time as the number of bitcoin to be mined will likely get reduced, with this your write up, investing now will be a good idea.
Yep.. it might drop for a low price margin then will keep increasing as time passes by if you based it on past bitcoin price statistics with respect to halving . I myself am already hodling an ample amount
 

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nope that's a false article, clearly the writer never understood fully the blockchain network, but there are chances that a bitcoin will disappear or become obsolete this is if a user have bitcoin in his/her wallet , then he never used it again , those bitcoin in his wallet will forever be their and will not ever circulate the market thus lowering the total circulating supply of the bitcoin chain
I always wondered what would happen to bitcoin earned by someone who died. I have a friend who never uses their bitcoin even at times of need, even during this pandemic, and I jokingly asked him how would your bitcoin matter if you were dead!
 

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I always wondered what would happen to bitcoin earned by someone who died. I have a friend who never uses their bitcoin even at times of need, even during this pandemic, and I jokingly asked him how would your bitcoin matter if you were dead!
That's a big question, the bitcoin can only be useful if their is any of his close relative that has access to his bitcoin wallet and knows how bitcoin is used for transactions and also conversion to their local currency.
 

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That's a big question, the bitcoin can only be useful if their is any of his close relative that has access to his bitcoin wallet and knows how bitcoin is used for transactions and also conversion to their local currency.
Without passwords and such, I don't know. Could the family contact the owners of say like Coinbase or something like that. I mean I know Facebook detects a user's death through posts of condolences and such but how about this one
 

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Without passwords and such, I don't know. Could the family contact the owners of say like Coinbase or something like that. I mean I know Facebook detects a user's death through posts of condolences and such but how about this one
I don't know if in the process KYV verification, there is a column for next of kin in which coinbase or any wallet could grant access to in such cases.
 

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It
Very likely the price of Bitcoin may not drop this time as the number of bitcoin to be mined will likely get reduced, with this your write up, investing now will be a good idea.
I envisage the price of Bitcoin still going on even after the halving in free days.i thini the market forces will play a major role here.
 

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I envisage the price of Bitcoin still going on even after the halving in free days.i thini the market forces will play a major role here.
Let see as things unfold in coming days though through out today the price has not risen rathe it dropping infinitesimally. I have been watching it closely.
 

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Let see as things unfold in coming days though through out today the price has not risen rathe it dropping infinitesimally. I have been watching it closely.
Yeah, even today it has been peg at 8767k which there's isn't a rise. Could we predict more fall as it moving along that line. I think so
 

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This is a new business week , let see how it goes but honestly this is not good period to buy bitcoin, if it cross to $11,000 then the hope of $15000 benchmark will be higher but for fallen trend could set though I don't wish that.
 

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Yeah that's why even now the bitcoin fees while sending the transaction is so high in almost all the wallets , the effect of bitcoin halving is still visible now also.
 

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I have not make bitcoin transactions for over a month now , I can't say if the transaction fee is lower now or not but hopefully I hope it has reduced because it has much effect on people willing to invest like $1 or $5 on hyipm
 

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I have not make bitcoin transactions for over a month now , I can't say if the transaction fee is lower now or not but hopefully I hope it has reduced because it has much effect on people willing to invest like $1 or $5 on hyipm

Based on several screenshots Mr. B posted around beer money forum, I think the fee is rising sharply currently. Maybe this was caused by the halving.
 

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That rise was cool I remember. But it did not last long. Again bitcoin is in stable motion. $15000 selling targer traders and little frustrated. This mining impact can take place again shortly.
 
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