Why halfving of Bitcoin happens?

[BitcryptoHan 2557]

16 hours ago, Mohssine said:

Why halving happen , I think this because bitcoin is limited , just there is 21M bitcoin will create in world , so for that is bitcoin is programming to halving every in 210000 blocks , and this happens every 4 years , and now just we have 18M bitcoin . I think after 200 years , bitcoin will stopped to create other bitcoin .

The date that has been calculated all bitcoin will be mines is 2140 but over 98% would have been mine in 2030 in this decade. You are right but this as an additional info. 

[Crypto123 0]

21 hours ago, Mohssine said:

Why halving happen , I think this because bitcoin is limited , just there is 21M bitcoin will create in world , so for that is bitcoin is programming to halving every in 210000 blocks , and this happens every 4 years , and now just we have 18M bitcoin . I think after 200 years , bitcoin will stopped to create other bitcoin .

Yes, true, but not 200 years, it will be a little less than that means bitcoin mining will end in the year 2140, i.e. after about 120 of the day, and at that time we do not know what the fate of the bitcoin network is because the bitcoin network depends on mining and miners.

[Michael0606 861]

 

Technically it is done, with the purpose and logic of controlling inflation, reducing the production of Bitcoin, this happens with any asset, the more production the more inflation, therefore the prices go down, on the contrary when the production goes down, the price goes up thanks to the control  of inflation.

[Crypto123 0]

On 5/18/2020 at 2:33 PM, UT2001 said:

Halving of the bitcoin algorithm occurs approximately every four years but it of course depends on how fast the miners are chewing up the blocks. Why does it happen is a good question but many have pointed to political beliefs of Nakamoto as causes for this. 

Dear, Satoshi's political beliefs have nothing to do with halving. This is a purely economic process and is based on a well-known economic law, which is that the less the quantity supplied in the market, the more demand and thus more demand leads to higher prices.

[Crypto123 0]

On 6/9/2020 at 9:22 AM, mdmusa said:

The great collapse of bitcoin begins, it's like 2020 are going to be quite historic within the history of bitcoin, and that i suppose it'll be time to shop for it underneath the hold for many years. that has been use for mining bitcoin. This formula is simply too exhausting to interrupt. there's no halving during this formula. i will say that this can be time we must always invest or purchase coins for future if we've enough lazy cash for it.  bitcoin Halving are going to be recurrent once more once half the remaining offer of coins is in circulation. bitcoin Halving can occur each four years, the primary in 2020 and therefore the approaching 2020.  become stronger and increase its worth, that could be a correction by bitcoin so as to travel for the higher.

In short, Halving happens every four years, Halving happened this year 2020 and the next Halving will be in 2024, Halving reduces the mining rewards in half and this leads to reducing the amount of bitcoin produced and thus will increase the demand to buy bitcoin due to the decrease in quantity.

[Tatiana 540]

It's like 29th Februar which happens every 4th year. Everything was made to mining of bitcoin, the reward for miners, last many years. In other case all coins would be mined already and the interest for bitcoin could probably disappear. 

[Yomose 3704]

42 minutes ago, VIBI said:

This division occurs every 4 years and the reason for its occurrence is the protection and development of bitcoin, and this is done so as not to inflate bitcoin and not lose its value

The reason could be incredibly related to protection, but it is because bitcoin was created to be deflationary currency. If such did not happen, bitcoin will be an inflationary coin. 

[Rahul11 292]

On 11/20/2019 at 5:42 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 is a virtual currency. It's created on some algorithm. And there are some algorithm already setup from starting. To complete every transactions we need mining power. And people's do mining for profit. They got some reward. This reward come from the rest bitcoin. And every four years mining reward get half through halving event.

[Zalaks007 543]

The most common reason why bitcoin halving always occurs it to make the cryptocurrency more stable and it takes almost a month before bitcoin halving runs out. The benefit of halving is to make the coins pumps and get a stable grip on the cryptocurrency market.

Edited June 15, 2020 by Zalaks007

[Omar Ommeish 4872]

My friend, halfving happens about every four years and makes the reward miners receive decrease in half, so that "inflation" does not occur in the bitcoin currency.

[BrolySSJ 7899]

The duration between each halving event is set at every four years if i am not mistaken and the main reason that this halving event takes place is to reduce the new supply of bitcoin therefore with less bitcoin being introduced on a daily basis there is the opportunity for the coin to account for inflation that may occur over the time whilst limiting its supply and increasing its value. If the coin had to be created endlessly then it is bound to lose its value. This assures that it maintains its value and that it continues to grow in the future. This is my opinion.

[Mwangi 5611]

The reason why it happens is because most of the time it works perfect when its easy to get the bitcoin , so how about making it harder , because the demand is high and the supply is low so you make it hard to make a bitcoin

[DreamStage 2105]

Bitcoin's halving was created in a way to produce price fluctuations bigger than previous ones so that market would have a kind of price inflation over the course of time since there are a limited amount of blocks to be found.

 

So if all blocks would be found and price didn't moved nobody would be interested as price could potentialy be a flat line.

 

Therefore creating such halving will allow miners to rise fees since there will be lesser coins available to everyone.

[MrGox 880]

In every 4 years BTC halving happens, but as member said the answer is to hold something under controlled. It is answer of your question. But to tell the truth it was really so interesting question for me, earlier l didn't think about that. Through comments l have also learned. Thank you. 

[Upright 2688]

Bitcoin halvings is a system as of which the term was first used by the creation of the Bitcoin . As halvings takes on the procedures of making the mining reward is halved as this system of halvings the reward is based corresponding on the way in which the supply of bitcoin was actually created on, as the 21 million supply is what kind of a reason for the halving mechanism on the bitcoin ecosystem

[CryptoLover21 0]

Halving refers to the number of coins that miners receive for adding new transactions to the block chain being cut in halving event. This will now diminish from 12.5 bitcoin to 6.25 and will halve again every 210,000 blocks until the last bitcoin is mined in 2140 and the main reason of bitcoin halving is to change the difficulty of mining a transactions.