Post
Topic
Board Bitcoin Discussion
Re: What to know about Bitcoin Halving
by
Sayeds56
on 09/10/2023, 10:18:36 UTC
How is everyone doing? So I stumbled upon a very interesting topic where the user was asking about halving in Bitcoin beginners. The response to that question was so interesting so I thought of sharing it here. Because I believe this answer would clear a lot of newbies and some that don't know about what would happen to Bitcoin during or after halving. I really hope this helps so many people


Traditionally Bitcoin halving events occur every four years, and as a result Bitcoin reward is reduced for its miners. The next Bitcoin halving event is likely to take place from six to seven months from now. It is important to note that, there are various factors those can influence the  exact timing of halving event including hash rate and difficulty of mining. The Bitcoin community is generally very optimistic anout the next halving, as historically these events have been historically associated with significant price hikes. Hopefully, Bitcoin will break its previous all time high (ATH) of around $69,000, and new ATH will be established.