BITCOIN HALVING EXPLAINED: WHAT IS CRYPTOCURRENCY EVENT AND WILL IT BOOST PRICE?

[Rasta99]

For the first time in nearly four years, and for only the third time in its 11-year history, bitcoin is about to undergo a seismic shift to its technological foundations. The halving event will not only affect how bitcoin is created, it will likely also have a significant impact on the entire cryptocurrency market.

Scheduled to take place next month, the event all stems from bitcoin's unique digital design. Unlike traditional currencies, the number of bitcoins that will ever exist is fixed. The mathematical code underpinning the cryptocurrency means that only 21 million bitcoins can ever be produced and no amount of quantitative easing can artificially inflate this.

More than 18 million bitcoins have already been produced through a process called mining, whereby new units of the cryptocurrency are generated by networks of computers programmed to solve complex mathematical puzzles.



The imminent halving of bitcoin, however, is about to make this process considerably more difficult.

What is halving and why is it necessary?
The halving event, sometimes referred to as “the halvening”, is essentially the opposite of quantitative easing – so much so that some crypto enthusiasts refer to it as quantitative hardening.

As the name indicates, the halving cuts the production of bitcoin in half in such a way that mining the cryptocurrency only generates 50 per cent of the yield it used to.

[lepbagong]

see from the experience that has happened so far that after every halving of bitoin occurs, there will be a bitcoin price a year later soaring. this is a matter that is awaited by investors hoping that such an event will be repeated again.

First halving:
November 2012 and finally the significant movement of bitcoin occurred in December 2013 with the current price of $ 1,221.

Second halving:
July 2016 and sure enough the same as in 2012 in December 2017 there was a price that happened to bitcoin $ 19,665.

third halving:
May 2020 ...

Will it happen again the same as in the previous two periods? If it happens correctly, it can be concluded that it will not be much different from the previous two periods, which is a year later, Bitcoin will get the highest price.
maybe the question is when is the month, if it happens the same as last halving, in December 2021.
we can be sure there will be a significant increase if at the end of this year bitcoin can touch $ 15K.

many hope and wish this can be realized at least will make the passion happen for altcoin also to increase.
we wait for the time will happen according to the halving last time, this we will know at the end of this year what bitcoin will be placed.

there is still quite a lot of time available for bitcoin to move in the direction of the target, so the possibility of bitcoin travel could decline. and no need to worry about the decline because bitcoin will quickly be able to adjust to bounce back soon.

[Senin]

The event that took place in May to halve the reward to miners for each new mined block of bitcoin always led to a very large increase in the price of bitcoin and the entire cryptocurrency market. This usually happens throughout the year, so similar events should happen this time. At the same time, this process will be influenced by other recent events. Moreover, the onset of the global economic crisis may even also affect the rise in prices in the cryptocurrency market. Time to stock up on cryptocurrency.

[syedrasool2011]

More than 18 million bitcoins have already been produced through a process called mining, whereby new units of the cryptocurrency are generated by networks of computers programmed to solve complex mathematical puzzles.

[Gurujebs]

This is not your article and you never gave credit or post the original link of the article. This is against the format of reposting information on the forum.

Scheduled to take place next month.

The imminent halving of bitcoin, however, is about to make this process considerably more difficult.

Now back to the topic, this was a pre-designed operation by Satoshi it self in other to reduce inflation of BTC which has been working on its fundamental.
 However, BTC halving doesn't really mean bitcoin price is bound  to increase in price as miners received their share  half  of BTC for contribution to bitcoin network.

As bitcoin price reduced in price, minor miners tend to remove their machines as what they earn cannot sustain the power generated to keep those machines working. Now, the main players recalculate the network and distributed among the remaining miners, this increase their pay for every contribution in securing the Network.

Miners don't just really on that alone, they also generate their revenue from transactions you carried out on bitcoin blockchain. The hype is the main reason for bull if you ask me.