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Cryptocurrency Ecosystem => Bitcoin Forum => Bitcoin News & Updates => Topic started by: sirty143 on April 03, 2024, 03:15:40 PM

Title: Bitcoin Halving Inches Closer With Fewer Than 2,900 Blocks Remaining
Post by: sirty143 on April 03, 2024, 03:15:40 PM
Bitcoin Halving Inches Closer With Fewer Than 2,900 Blocks Remaining

The next Bitcoin halving is on the horizon, drawing closer with each passing block and anticipated to take place anywhere between April 18 to April 22, 2024, at the milestone of block 840,000. Following this event, the reward for mining a block will halve from 6.25 bitcoins to 3.125 bitcoins... See more for yourself here (https://news.bitcoin.com/bitcoin-halving-inches-closer-with-fewer-than-2900-blocks-remaining/).

Your opinion is greatly appreciated.
Title: Re: Bitcoin Halving Inches Closer With Fewer Than 2,900 Blocks Remaining
Post by: Tribalchief on April 03, 2024, 05:24:43 PM
Halving date is getting closer by the day with little expectations from me and perhaps high expectations from others. The recent uptrend in price has altered what history has established regarding every activity that ought to happen before halving, and may also affect the aftermath. Our major concern as holders should be to prepare our minds for the aftermath of halving because it seems the price is somewhat on an uptrend. If the price continues like this, that's great, but if not, then I guess our portfolio might decrease in value.

Regarding the slash in miners' reward, we will see more competition in the mining industry after the halving. Solo miners might consider joining a mining pool in order to reduce the excessive cost of maintenance due to increased competition in the field. Mining in the next four years will become more difficult, leading to limited supply, thereby increasing demand and triggering price hikes.
Title: Re: Bitcoin Halving Inches Closer With Fewer Than 2,900 Blocks Remaining
Post by: Don Pedro Dinero on April 06, 2024, 10:36:58 AM
Quote from: Tribalchief on April 03, 2024, 05:24:43 PM
Halving date is getting closer by the day with little expectations from me and perhaps high expectations from others.

Well, I as I have said in other threads is not that I have high expectations of what the halving event itself is, more on what it can produce in the long run. The reduction in the supply of new bitcoins is irreversible, and it is that along with a maintenance, or foreseeable increase in demand, that is going to drive the price up.