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Baqee

Bitcoin Halving in 6 days!

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New Bitcoins are issued by the Bitcoin network every 10 minutes. For the first four years of BTCs existence, the amount of new Bitcoins issued every 10 minutes was 50. Every four years, this number is cut in half. The day the amount halves is called a "halving".

In 2012, the amount of new bitcoins issued every 10 minutes dropped from 50 BTCs to 25 BTCs. In 2016, it dropped from 25 to 12.5. Now, in the 2020 halving, it will drop from 12.5 to 6.25.

What are your expectations after this?

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Uhhh... it will turn into  bitconnect ¯\_(ツ)_/¯, but jokes aside, as I can see on your statistics, it will probably continue to halve until it will go to 0 or it will go back again every year. But who knows, its bitcoin, its decentralized and no one can predict it unless if you're a time traveler spectating some bitcoin prices.😂

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35 minutes ago, Baqee said:

ヽ(°◇° )ノpray it doesn't affect the value negatively. Hopefully we would have amassed enough profit before then cause that would be about a decade or so from now.

@skrieeee 

like that guy from 2010 who bought 2 papa john's pizzas in exchange for 10k bitcoins and cried and realized a decade later when each bitcoin reached 20k on its max price?

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6 minutes ago, skrieeee said:

like that guy from 2010 who bought 2 papa john's pizzas in exchange for 10k bitcoins and cried and realized a decade later when each bitcoin reached 20k on its max price?

Wow! that would be about $90million now, And much more if it where in 2017. I would probably kill myself if i were him, lol. This is why we need time machines. 

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I think maybe on future bitcoin developer work on this issue and increase this number because if not developer increase then I think bitcoin value affect in future.i hope bitcoin management work on this issue.

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I think the demand for Bitcoin goes down and the investors go down when the price of Bitcoin goes down by half, but the price of Bitcoin goes up and down, Bitcoin is the best currency in the world, the price of Bitcoin goes up a lot after Halving, Bitcoin pumps, and when Bitcoin  Pumping then benefits all investors, because then they become profitable, are you waiting for bitcoin halving, I think bitcoin halving in 6 days  Age does not,

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On 5/5/2020 at 5:48 PM, skrieeee said:

Uhhh... it will turn into  bitconnect ¯\_(ツ)_/¯, but jokes aside, as I can see on your statistics, it will probably continue to halve until it will go to 0 or it will go back again every year. But who knows, its bitcoin, its decentralized and no one can predict it unless if you're a time traveler spectating some bitcoin prices.😂

You are completely right. It's bitcoin, it's decentralized and nobody can predict the price of bitcoin except if you're a time traveller.

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The clock is already ticking and we cant wait for it to start. About 8hours is left now. We do really hope that the price of bitcoin will boost after the halving although i have seen a lot of people saying that it there will be a massive fall.

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Posted (edited)

There have been a lot of speculations around the effect of BTC halving to the crypto market, both positive and negative. But after the two previous halving, BTC experienced a rise in value, although not immediately but in the long run, so we should hope and be positive that same will happen after this halving.

@Babacomputing

Edited by Baqee

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I still think nothing too drastic will happen. Or rather, that was it. It already happened. 

Hopefully time for some selloffs and a correction, then organic price growth can resume?

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I think after halving is done than we would see a movement from a bitcoin because after halving the block reward will reduce to 12.5 btc so whales will start to move bitcoin into a new direction

 

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In this market, many expect that its price will always be in turmoil, as it is either high or low, but I see that it is heading for a good path, although we cannot expect that to happen.

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I think maybe on future bitcoin developer work on this issue and increase this number because if not developer increase then I think bitcoin value affect in future.i hope bitcoin management work on this issue.

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