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Topic
Board Beginners & Help
Re: The word "Bitcoin halving"
by
DoublerHunter
on 01/07/2016, 10:50:47 UTC
There is a price increase after halving because the supply of the coins are Low and The mining reward is halved!!!!!

Currently, the supply of bitcoins increases by 25 every 10 minutes. After the halving, the supply will increase by 12.5 every 10 minutes. Regardless, the supply is higher after the halving and it continues to increase.
Well I think that this is the most precise explanation of what is really happening to halving. The price also rises because of halving cause many believes that bitcoin go to the moon during this time. So many buy and the demand increases.

I don't think people are buying at a moment as if they would be buying then price would not be stable and it will continue to move up, but its not happening at a moment.
Yeah that is right there is no hype on buying and almost users are just holding their bitcoins until halving but let just see and wait if the big whales will move and make a big change like pumping the bitcoin price or dumping it for a lower price which good for the big whales because they can buy more bitcoin and get big profits in the future.