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Found 11 results

  1. https://www.bitcoinblockhalf.com/ what could this website do ? I want to share this website with you guys ! to make newbies know when is the halving come ? This website will make you know when is the halving come ! so you can know now when can you buy or sell bitcoin ! Question for experienced member ! What do you recommend ? Buy or sell before halving ?
  2. This year a recurring theme is half, but how much is missing and when it will happen, you can see it in: https://www.bitcoinblockhalf.com/# You can also see important statistics such as inflation percentage, Bitcoin generated per day, Hash rate among others data .
  3. BITCOIN HALVING: The facts and the FAQs In less than 72 hours to the much anticipated bitcoin halving, there has been so much enthusiasm and questions popping up about it. So I intend to look at them... But firstly, we need to know 👇 What is bitcoin halving and how does it work?. In the simplest term, bitcoin halving is an occurrence whereby the rewards given to bitcoin miners for processing bitcoin transactions is cut by half. This happens approximately every four years after every 210000 blocks are mined. It is its unique way of reducing the inflation rate of the bitcoin until all of it is released to circulation which is expected to continue happening until 2140. When that happens, miners are rewarded with fees for processing transactions which network users will pay. In 2009, the rewards for for each block in the chain was 50btc, when the first halving occurs in 2012 it was reduced to 25btc, and 12.5btc in 2016 and come 12th of May, 2020, it will be reduced to 6.25. Now let's waste no more time and go to the FAQs. Will bitcoin halving sees the its price doubles, trippled or even halved in no time? : If we look back in history, the halving has contributed significantly to the price of bitcoin but the believe that the bitcoin price will increase immensely immediately need to be scraped. The principle of demand and supply still holds true but the halving won't see an immediate decrease in supply and increase in demand. In fact, if we take a look back to the previous bitcoin halving, the significant price changes occurs months after the halving. This is likely partly because of the decrease in the supply of new Bitcoins, and partly because of the increase in demand from the hype that surrounds it and those who perceive the ingenuity of the halving. So, what will the effect of halving this month have on the price, We don't know yet. Will you have half amount of your bitcoin after halving? : There has been an online social media scam going round about some frauds going around and making their victims believe the amount of bitcoin on hold will be halved thereby buying them at a very much cheaper price. This is a pure scam and there is absolutely nothing like this. Will the supply of bitcoin fall after halving? : I have seen many people talking about this even in this forum. The bitcoin halving will not see the bitcoin supply fall rather it will see the supply of new bitcoin fall. Until the total amount of bitcoin that can ever be created is reached, which is 21million bitcoins and is calculated to happen in year 2140, the supply continue to increase but at a slower rate at every halving (approximately interval of 4 years). So the halving is not really a decrease in supply of bitcoin. Will halving make miners lose? : Maybe this is the biggest fear most of people have in mind, but it is not so. It might make the smallest miners unable to catch up but the bitcoin network is still in place and active and the mining rigs have evolved rapidly over the years to increase the processing powers. Since mining event is known, there should have been in place for miners, technologies that can be efficient for it. Feel free to discuss, correct or drop any question.. Please do not qoute all the topic and leave it clean for I will report any form of spamming. Thank you.
  4. I was wondering if after the halving, bitcoin could go more than double and some other coins could triple and so, is that guaranteed enough for me to take a load and risk it by juts holding for the bull run after the halving?
  5. I have purchased some ETH in February and I have some BTC in my Yobit balance. As you all know, it is only a few days left until BTG halving. I don't have any USD to invest in BTG. So, I thought about converting all or some of my ETH and BTC to BTG in Yobit to prepare myself for the halving. But there is a problem. I have to sell my coins at low prices now. Is it reasonable to sell my bitcoin at $7400 (and my ETH at $170) to buy BTG or convert them directly to BTG? I'm not sure what will happen after BTG halving. What about forgetting about BTG and keep holding my ETH and BTC in Yobit? I can't decide which decision to make. What do you do in similar conditions?
  6. Hello guys. the halving is very close According to this site https://bitcoinblockhalf.com/ Bitcoin halving will be about 13-14 hours So what is you expectations guys? I think that nothing special will happen. as previous halvings have shown, btc price is going up and up so the companies who stopped mining btc loss a lot of money which they could earn by mining btc. And as statistics say btc price is going up 3-6 montth period after halving. but this year everything is going on very fast and that may change. there is a global economy crisis in lots of countries. Share your thoughts about it guys. and don't forget to Like my post if you found it interesting. .
  7. It was amazing to see the bitcoin price rising since yesterday, this shows us that bitcoin is recovering and getting ready for the big event that will happen by May. So what are you still waiting for? Bitcoin is heading to $10000 again, see from the chart below
  8. We all (or at least some of us) know that Bitcoin's 2020 halving is drawing closer. This has prompted most investors to hodl Bitcoins now for the expected bullrun and reap huge profits. After reading this article and seeing the figures, I am now fully convinced that a bullrun is indeed inevitable. Here are the articles and the links. source: https://bitcoinnews.com/over-10-million-bitcoins-are-being-hodled/ source: https://www.coindesk.com/10m-bitcoins-havent-moved-in-more-than-a-year-highest-since-2017 Maybe it would be easier now to predict how high the Bitcoin to Dollar exchange rate would be 😉 . And not to mention that the whales are definitely waiting in anticipation. And how about the altcoins? Will their prices be affected significantly by Bitcoin? What are your thoughts on the matter? And have you prepared yourselves for the charging bull? Please share your thoughts.
  9. Satoshi Nakamoto wanted Bitcoin to have scarcity. He decided, for his own reasons, that all Bitcoins in existence should reach a maximum of 21 million. He also wanted Bitcoin to be decentralized so he figured out that computers around the world can run the software and using PoW (burning electricity through their CPU's while solving SHA-256 algorithm) they can compete each other into creating Bitcoins. What he also did was to place a set of rules, that all computers (nodes) that are running the software, must follow. These rules are called consensus rules as they demand consensus between all participants of the Bitcoin ecosystem. One of these rules that was hard-coded into the software from version 1.0 is the halving of miners rewards every 210,000 blocks. Miners get rewarded for their electricity spent, with the creation of new Bitcoins and fees. Basically they profit way more from new Bitcoins and right now fees are just something extra for them. Every miner that finds a block is rewarded from a coinbase transaction 12,5 new Bitcoins. These Bitcoins are new, never existed and constitute Bitcoin's inflation The 3rd Bitcoin halving will occur on block 630,000, which is expected in 12th May 2020. It will halve these rewards and miners from this block will be rewarded 6,25 new Bitcoins for every block the find that gets validated through the network. Why this matters to price? Miners have huge cost to run their operations. In order to sustain them, they have to sell. Their plans are to hold when prices are low and sell when prices are going high again. Still what will happen, and what has happened during the last two halvings, is that the selling pressure gets reduced. Less new Bitcoin rewards for miners means that they will be selling less as well. For many miners, in order to sustain their profitability and keep running their operations, there would be need for either Bitcoin's price to rise, or for fees to rise. Although concerning fees it is probably not much probable and it would require for fees to rise almost five to six times on average to fill the gap from the halving of rewards. There are many smaller miners still using old ASIC's as the Bitmain Antminer S9. In order for this hardware to be profitable after the halving, a price of $10,000-$15000 would be required. These miners probably plan to shut down if price does not rise a lot before the halving. A business can't run on loss, so unless major price change happens, all of these miners will shut down. The gap will be filled by new mining operations in China and other places where electricity can be negotiated at really cheap rates. So there probably won't be a problem with hashrate, it will keep advancing at least for a few years, but there might be some short of more centralization of mining. Back in 2018 Bitmain along with it's affiliate pools was collectively holding almost 50% of the mining hashrate. This is a danger to the decentralized nature of Bitcoin and should be avoided. Taking everything into consideration, it looks that the halvening event can once again become the catalyst for a potential bull run in Bitcoin's price. The positives outweigh the negatives and I think that the risk/reward ratio justifies investing in Bitcoin. Always with caution though as it is a very volatile market. Only invest as much as you are willing to lose.
  10. People are optimistic about the bitcoin halving that is gonna happen by next Month. Some said that the halving will have effect immediately while other said it will take more months before bull run commence Whether its happened immediately or late, are you ready to hold for along time or you gonna sell your holdings like that? Your contribution is highly appreciated
  11. Today is The day guys. According to this website : https://bitcoinblockhalf.com/ Bitcoin halving will be in about 13 hours AS you already know. this idea of reward halving is against bitcoin inflation. There is also this Grapic which shows us the possibilty of the inflation of bitcoin price and time. As history has shown some miners leave mining bitcoins after halving cause they won't get as much profit as they did, unless the pric eof bitcoin increase so what do you think will happen now? i Dont see any other coin that can replace the profit for miner companies that they get from mining bitcoin. ETH? ETC? i dont know, i don't think so. So i think lots of miners will continue mining bitcoin for that reason. And i think the Price will go much higher. which happens, according to statistics and history, several month after halving event(aprx. 3-6 month). So share your views guys, what will happen and don't forget to like this topic/post if you find it interesting.
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