What is bitcoin halving

It is very difficult and the people on top may want that! They want BTC to be a gold which can only be taken out with multi-hundred or even thousand dollar fees I believe.

I believe another coin with better technology less fees, quicker transaction like Bitcoin Cash will be the "best crypto method of exchange of the future". Thanks for the info. I have great hope that BTC will reach great value only if they cap it at 21 million.

It should have its place as the coin that leads them all for a long time. I do think the other more useful and faster coins will gain in value also but their numbers will keep market value much lower. Now I see why there are bitcoin forks. So this way people who hoard it will remain with some value for long time I guess. What do you think? But that isn't where it ends, Bitcoin's forks could even replace Bitcoin as they have not halved yet and therefore extremely profitable to mine if the forked coin like Bitcoin Cash reaches the value of Bitcoin.

I was unaware of the halving of the mining rewards. Thanks for the info! I wonder how it will affect the price? We'll find out for sure on June 12th I guess. I wonder if the next halving event will be multiplied by 5 if other Bitcoins will be halving too hehe. Oy, if only I had been around at the beginning.

It shall be interesting what happens when we reach the endpoint. With transaction fees already so high as to make it hard to spend BTC, I worry they will jump even higher. Yup, I think btc could have doubled or more in transaction fees by then to be able to pay the miners. That was very informative. I probably need to understand this concept more being a newbie. What Is Bitcoin Halving? This means for every 1 block "mined" the miners would receive 50 Bitcoins as a reward.

The last block to be rewarded 50 Bitcoins was Block at roughly 3PM global time. Going from 50, 25, It will keep halving until all 21 million bitcoins mined. Individuals must take the time to teach the masses about this amazing currency of the future. What will Bitcoin be worth at the next halving? What do you think of this wallpaper I made? I am currently working in association with samstonehill on the following projects: Thanks for the info.

I have great hope that BTC will reach great value only if they cap it at 21 million. It should have its place as the coin that leads them all for a long time.

I do think the other more useful and faster coins will gain in value also but their numbers will keep market value much lower. Now I see why there are bitcoin forks. So this way people who hoard it will remain with some value for long time I guess. What do you think? But that isn't where it ends, Bitcoin's forks could even replace Bitcoin as they have not halved yet and therefore extremely profitable to mine if the forked coin like Bitcoin Cash reaches the value of Bitcoin.

With transaction fees already so high as to make it hard to spend BTC, I worry they will jump even higher. Yup, I think btc could have doubled or more in transaction fees by then to be able to pay the miners. That was very informative. I probably need to understand this concept more being a newbie. What Is Bitcoin Halving? This means for every 1 block "mined" the miners would receive 50 Bitcoins as a reward. The last block to be rewarded 50 Bitcoins was Block at roughly 3PM global time.

Going from 50, 25, It will keep halving until all 21 million bitcoins mined. Individuals must take the time to teach the masses about this amazing currency of the future. What will Bitcoin be worth at the next halving? What do you think of this wallpaper I made? I am currently working in association with samstonehill on the following projects: Authors get paid when people like you upvote their post.

Not difficulty, it is to do with rewards. It may become harder to transfer money.