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What Is Bitcoin Halving? by Embito(m): 2:17pm On Jan 09, 2020 |
Will, the price of Bitcoin, hit a new All-time High (ATH) after the Halving happening on May 20th, 2020? Bitcoin has always gained massive growth after Halving, taking us back to July 2016 Halving, which was the second Halving that saw Bitcoin Block reward reduced to 12.5 BTC and reached a massive ATH of 20,000 USD in 2017. The third Halving will be occurring this new year 2020, and the Block reward will get reduced to 6.25 BTC. What do you think the price of bitcoin will be after the third Halving? Do you believe the prediction of 100k USD by some industry experts will be? Let me help explain what Halving is for our new member to the Blockchain industry or can say, bitcoin family � �� We might have read that Bitcoin has a max mining output of 21 million BTC to be mined by the year 2140, and about 85% mined already. A protocol created within the network which tends to perform a cut in the block reward after a certain number of Block has been reached (210,000 Blocks), this tends to make the mining of coins more difficult by reducing the reward by Half. Miners receive 50% fewer BTC for verifying a transaction. that is what is called Bitcoin Halving. Block is a term used to define a new set of transactions added to the bitcoin blockchain network by miners and rewarded for it; that is what we call “block reward.” The miners use specialized equipment and load electricity to solve complex mathematical problems to be able to achieve this, which occurs every 10 minutes on the network. What will halving mean for the Bitcoin price? The simplest way to answer; look at low supply and more demand theories in our regular market. When a commodity is not readily available to meet increasing demand could help in boosting the price demand on the commodity. That theory does not mean any form of financial advice, but logic, you still need to study and make your decisions according to your capacity. Happy New Year Visit: Huobi Global https://www.huobi.br.com/topic/invited/?invite_code=u8s64 Join our social communities Telegram:https:///HuobiNGN Twitter: @HuobiAfrica Facebook: https://www.facebook.com/HuobiAfrica/ 1 Like 1 Share
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Re: What Is Bitcoin Halving? by rottennaija(m): 2:28pm On Jan 09, 2020 |
The price will actually sky rocket before the fork because people would expect and want to have 2 coins after the halving. |
Re: What Is Bitcoin Halving? by Embito(m): 2:38pm On Jan 09, 2020 |
rottennaija: Are you referring to more demand and less supply having an effect on price? |
Re: What Is Bitcoin Halving? by rottennaija(m): 3:17pm On Jan 09, 2020 |
Embito: Bitcoin doesn't follow the demand and supply rule. In economics, there are some goods and services that don't follow the demand and supply rule. Bitcoin is one of them. |
Re: What Is Bitcoin Halving? by Embito(m): 1:57am On Jan 13, 2020 |
rottennaija: Can you explain how the demand and supply rule don't add up to any commodity market |
Re: What Is Bitcoin Halving? by Embito(m): 3:27pm On Jan 17, 2020 |
Have You read about the Bitcoin Halving Coming up? Will love to hear what you think |
Re: What Is Bitcoin Halving? by Embito(m): 12:14pm On Jan 18, 2020 |
You still asking what is Bitcoin halving please hit me up |
Re: What Is Bitcoin Halving? by Embito(m): 2:01pm On Jan 19, 2020 |
Days are counting Bitcoin halving is getting closer |
Re: What Is Bitcoin Halving? by Embito(m): 4:02pm On Jan 20, 2020 |
Do you Hodl Bitcoin https://www.huobi.br.com/topic/invited/?invite_code=u8s64 |
Re: What Is Bitcoin Halving? by Embito(m): 5:34pm On Jan 20, 2020 |
Hodl some Bitcoin ( emerging asset) https://www.huobi.br.com/topic/invited/?invite_code=u8s64 |
Re: What Is Bitcoin Halving? by Embito(m): 6:35pm On Jan 23, 2020 |
Are you still trying to figure what bitcoin is Join us this Saturday for a conversation telegram: @HuobiNGN also, details are shared on the banner
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Re: What Is Bitcoin Halving? by Embito(m): 8:51am On Jan 24, 2020 |
Have you joined the telegram |
Re: What Is Bitcoin Halving? by Embito(m): 11:37pm On Jan 25, 2020 |
The AMA session was a success |
Re: What Is Bitcoin Halving? by Embito(m): 12:07pm On Jan 26, 2020 |
Re: What Is Bitcoin Halving? by Embito(m): 11:58am On Feb 10, 2020 |
The date draws closer |
Re: What Is Bitcoin Halving? by Chukatabra: 10:03pm On Nov 12, 2023 |
It simply refers to the cutting down of bitcoin mining rewards. It happens every few years. This article explains the stuff in detail - https://blog.bitmama.io/bitcoin-halving-what-it-is-how-it-works/ |
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