Why halfving of Bitcoin happens?

[Crypto123 0]

10 hours ago, Cryptokiller said:

Halving of bitcoins happens when the traders can't make any huge pump and that's why bitcoin price ups and downs daily.

Sorry, my friend, but Halving bitcoin has nothing to do with the price, it is a law that Satoshi put in place so that mining rewards are cut in half every four years, and this halving will necessarily lead to a price rise, but it does not happen because of the low or high prices.

[Crypto123 0]

On 1/31/2020 at 9:02 AM, Hasan7197 said:

Great opportunity to earn money from cryptocurrency, Bitcoin is a very good project.  Satoshi created with the algorithm.  Which has been used for bitcoin mining.  This algorithm is very hard to break, maybe we can easily understand if you can elaborate more.

Satoshi was the genius of his time and thought about all the things that make Bitcoin highly valuable, he understood the laws of economics and the market well and knew that the less the quantity of materials offered, the greater the demand for it and the price of it increased so he decided to happen half every four years to reduce the quantity and increase the demand for it and the price rise.

[bentayebsalah 2280]

This division occurs every 4 years and the reason for its occurrence is the protection and development of bitcoin, and all this is done in order that bitcoin does not inflate nor lose its value.

[fatima123 320]

Bitcoin halving is happening due to decrease the mining rate of bitcoin. This decision is made due to inflation of economic. And halving event every four years happened. 

[Crypto123 0]

6 minutes ago, Kab72558 said:

At first Bitcoin represented an ideology and therefore it was adopted by the cyberpunk movement. Only a few people used this digital currency, but today it has evolved having thousands of businesses built based on the leading cryptocurrency. Each year represents a step forward, 2017 was the year of the ICOs, 2018 the year of the Bitcoin ETFs and 2019 the year of the Lightning Network and the creation of state cryptocurrency projects. 

It's nice of you that you gave us a brief overview of the history of Bitcoin and the most important events affecting the past few years, but the question about the difficulty of halving Why does it happen? Why did Satoshi place this important issue in the bitcoin algorithm every four years.

[babaji 1228]

Well because the supply of bitcoin is limited. 21 million, now if it keeps giving 25 bitcoin per mined block, then we will run out of bitcoin production in no time. It becomes half every 4 years, so its called halving, so the production keeps going, and the price keep increasing. Just think about it once, and you will understand the genius behind bitcoin. 

[zain5680 89]

this thing happen seriously i do not know enough about this so please inform me about thisss so that i can know the advantages of it thankssssssssssssssssssssss.....................................................

[Emran720 0]

As the coins split, prices could rise and we could make a lot of money from it. It has made a good impact on our lives.

[Cryptominded 704]

On 11/22/2019 at 5:51 AM, Sumayya said:

The benefits of halving is to make the price to be stable and not to keep falling. He designed the algorithm for mining so that supply will not be too much

I think halving was a measure built into Bitcoin to checkmate inflation as more and more coins get mined. Price is lightly to drop prior to this time as most  people would like to offload their hold  and start to climb all over again after halving.

[ArsalMajeed 178]

It doesn't have some solid reason its just done by the developer. As if bitcoin whitepaper  written by the satoshi nakamato the bitcoin's block reward will become half every four years. It was 50btc at initial but now after 12 Yeats its going to be 6.25 btc. This increases network difficulty.

[Ahmeddominik 126]

12 hours ago, Basel098 said:

Correction is a way to facilitate the rise of a currency, not monopolize it by whales, and prevents price control directly

You are a professional person, my friend, that these things are wonderful, and thank you for your participation and participation

[shafi123 187]

Yes it is necessary for the down of price after few years. By this it increase the price.

[Goody28 259]

On 11/20/2019 at 12:42 PM, Crypto123 said:

I want to ask members here why halving of bitcoin happens?
And how long will this happen? I mean the duration between each halving
Why did Satoshi make this division within the Bitcoin configuration algorithm? What's the point and what's the benefit from Halving?

I think I know the reason why halving of bitcoins happens well halving of bitcoins happen because the demand for bitcoins is actually increasing daily I also think that Satoshi put halving of bitcoins in place so that bitcoins can get to the poor who can't afford it

[Jahangiralam75 3]

Over the years, the Boolean will become travel specific and will continue to be used more widely by people around the world. General Chat Chat Therefore a suggestion of magnificent gas plummet type can be reduced to take care of the common value of virtually every dot featuring spectacular 

[Sumayya 493]

12 hours ago, Emon01 said:

I think it will be time to hold it for several years.  I think that would be very promising.  In general, in relation to the decline of Bitcoin, it is quite surprising, it is probably the emergence of new currency and other things in the crypto market from the same China

It happens due to the price of bitcoin to be able to set a new price actually and be something great.

[Amirul Islam 382]

I think it's happen every year. It make make the mining profit half. When all bitcoin will be mine I think that time mining reward will be zero. That's how Satoshi Nakamato build it.

[Hendy1 370]

On 11/20/2019 at 6:42 PM, Crypto123 said:

I want to ask members here why halving of bitcoin happens?
And how long will this happen? I mean the duration between each halving
Why did Satoshi make this division within the Bitcoin configuration algorithm? What's the point and what's the benefit from Halving?

Bitcoin has limited supply and bitcoin supply cannot be controlled or added anymore. Unlike the Fiat currency that can be made by the bank at any time. A simple example of bitcoin is made from protocol technology and the Fiat currency is made through paper. So the wider the use of bitcoin the less supply of bitcoin and of course the price becomes more expensive. Half bitcoin reduction ends May 12, 2020.

[Hanan951 841]

On 11/20/2019 at 1:42 PM, Crypto123 said:

I want to ask members here why halving of bitcoin happens?
And how long will this happen? I mean the duration between each halving
Why did Satoshi make this division within the Bitcoin configuration algorithm? What's the point and what's the benefit from Halving?

There will less code than before so the price will go up because the bitcoin will be less mining after every halve...

[Hanuman 253]

I think after every 210000 blocks the bitcoin is goes through a process is called halving.

Here this process was involved by satoshi nakamoto.

Halving is a minor block production reward.

[Beromnia 733]

Welcome with me

Minerals When they succeed in prospecting or producing a new block on the Bitcoin blockchain chain, they get a value of 12.5 Bitcoin as a “Block Reward” at the present time, the specific date of the “Bitcoin Halving” event, March 14, 2020, which everyone talks about, will decrease Block reward to half the previous amount, meaning that miners will get 6.25 bitcoins in exchange for mining each new block
The benefit of Halving is controlling inflation

[Crypto123 0]

12 hours ago, chadex said:

The main reason is because to keep the price inflation under control and this halving always happens 1 times in 4 years. Am hoping this year's halving will make the price of bitcoin high.

This is the goal completely. Halving happens once every four years and the main goal of it is to reduce the amount of new bitcoins entering the market, and it is known that when the supply decreases, the demand increases and this will necessarily lead to an increase in price.

[tienda 8776]

I think the halving of Bitcoin happens when they reach or found 210000 Blocks, the last halving occurred on 2016, so I think every 4 years they do the halving, is as an economy need to be revised to avoid the inflation.

 

[Sumayya 493]

On 2/19/2020 at 10:13 PM, ex00ex said:

When half of the remaining supply of coins is in circulation, Bitcoin Halving will be redone.Bitcoin Halving - An event where the reward block is reduced in half, to 210,000 blocks each.

If it happens a lot will happen that gonna boost the cryptocurrencies market Into a large scale.

[suzuya 945]

I also really don't have any idea about why bitcoin halving happens every 4 years, I'm just looking forward about it because it can give bitcoin users to gain a huge amount of profit. I really don't know the reason behind it, I just know that this event happen every 4 years and it is beneficial for many people.

[Crypto123 0]

17 hours ago, tienda said:

I think the halving of Bitcoin happens when they reach or found 210000 Blocks, the last halving occurred on 2016, so I think every 4 years they do the halving, is as an economy need to be revised to avoid the inflation.

 

Yes well done, this is the correct answer. It seems that you are familiar with the topic well. I love these constructive and useful comments that benefit the topic unlike some other meaningless comments outside the topic. Thank you.