Re: Bitcoin Halving: What is it?

Quote from: Jawhead999 on February 10, 2020, 05:03:33 PM

I'm suprised you still don't know about bitcoin halving since you're 3 years in this forum
In short Bitcoin halving is a block halving is a process of reducing the rate at which new cryptocurrency units are generated. More explanation on this link :
https://cointelegraph.com/explained/bitcoin-halving-explained

Quote from: resty on February 10, 2020, 04:34:21 PM

Does the future of bitcoin be affected? Is this good or bad? Should we still invest in Bitcoin?

It's totaly a GOOD NEWS for bitcoin, because when bitcoin block is halving, the price of bitcoin will raise up. You should buy or hold bitcoin before bitcoin halving.

Quote

To date and until May 2020 we have 12.5 Btc for block and about 1800 Btc mined every day. Then we will have:

03/01/2009 ----- 28/11/2012 ------- 50 Btc for block ------- 7200 Btc every day
28/11/2012 ----- 04/07/2016 ------- 25 Btc for block ------- 3600 Btc every day
04/07/2016 ---- 25/05/2020 ------- 12.5 Btc for block ------- 1800 Btc every day
25/05/2020 ---- May 2024 ----- 6.25 Btc for block ------- 900 Btc every day
May 2024 --- May 2028 ---- 3.125 Btc for block ------ 450 Btc every day
May 2028 --- May 2032 ---- 1.5625 Btc for Block ---- 225 Btc every day
(the dates will probably change slightly, but it's right to have a reference)

More information : https://bitcointalk.org/index.php?topic=4849889.0

I myself have learned about what Bitcoin gbling really is, just recently. I was more into campaigns and gambling(sometimes) and was not aware of such things. So since I am one of those who are not familiar to it fully, I think it should not be a surprise to know that many other people are also not yet aware of this anticipated occurence in this industry.

Quote from: mauriek on February 13, 2020, 10:18:14 AM

Quote from: beerlover on February 13, 2020, 07:38:09 AM

Quote from: resty on February 10, 2020, 04:34:21 PM

Just found this on facebook. Maybe we can get something from this. What are your thoughts?
Does the future of bitcoin be affected? Is this good or bad? Should we still invest in Bitcoin?

Lol I dont see why you should be asking whether this is good or bad when you know already that it has happened twice in Bitcoin space. If it was bad then most of us would have dropped after the first or second one. Its not bad, its been happening, so theres nothing bad about it. After the last two halving we saw the price of Bitcoin started going up and those investors who were able to have patience for long benefited from it since they started making lots of profit as the price kept going up. I strongly believe that this one wouldnt be anything different but same as the other ones and the patience we have had for long would definitely pay off.

Maybe this time he was hesitant to invest before Halving whereas we have learned about Halving before where the price of Bitcoin increased dramatically after that. So I suggest to the OP if you have unemployed funds then you should buy some BTC now. After Halving you will become a rich man. Grin

Is it really assured that the market value will be that high? I mean, there is a tendency and it does sound to be more likely occuring upon the halving but can we count on it with certainty. The market value of Bitcoin is not something that could be predicted with assurance no matter what happen right? So i think it is quite questionable. I know it happened before but are we sure that same result would happen? That is my concern.