May 8, 2020
Bitcoin Halving explained — expect a spike?
What, why …and the key concepts you should know.
⏰ The “halving” is almost here … only 3️⃣, 2️⃣, 1️⃣, 0️⃣ …left! Join the countdown ⌛ and speculate with us on how it will impact the crypto industry.
Live counters:
♨️ Past 2–3 months the amount of information ℹ️ on this topic was and still is flooding 🔥
Also we have been posting a lot of news 📊 🗞️ in our 📱 application ACE.Trade, to keep you informed 📚 🕵️ and of course ready for the big day 🏁.
Basic definitions
We checked Google search — what are most common questions about it? 📝🔎
What does halving of Bitcoin mean?
After every 210,000 blocks, Bitcoin goes through a process called “halving.” This mechanism was integrated into the protocol by Satoshi Nakamoto himself. After a protocol goes through “halving,” it cuts the supply of new Bitcoins in half, halving the miner’s block production rewards, as well. (Bitcoin Halving: The Most Important Date In Bitcoin — Blockgeeks)
What will happen when Bitcoin halves?
An event that halves the rate at which new Bitcoins are created. It occurs once every four years. As many know, Bitcoin’s (BTC) supply is finite. … So, every time a Bitcoin halving occurs, miners begin receiving 50% fewer BTC for verifying transactions. (Bitcoin Halving, Explained | Cointelegraph)
Is the Bitcoin halving priced in?
Currently, the reward is 12.5 bitcoins per block. The next halving will occur, soon, in May 2020. … After the first halving, which occurred in November 2012, bitcoin’s price increased from $12 to more than $650. After the second halving in July 2016, the price accelerated to almost $20,000 in late-2017.1. apr. 2020 (How Financial Models Could Move Bitcoin’s Price After Halving)
How many Bitcoins are left?
There are currently close to 4.3 million Bitcoins left that aren’t in circulation yet. With only 21 million Bitcoins that will ever exist, this means that there are about 16.7 million Bitcoins currently available.3. jan. 2018 (How many Bitcoins are left? — CoinCentral)
Here are some basic definitions and gathered links if you would like to learn more: https://www.coindesk.com/bitcoin-halving-explainer
In case you have additional questions ❓— you are welcome to start the communication with us in-app ACE.Trade or post a comment bellow this blog post 🙋.
We are also interested what are you plans and further estimations on the crypto market it-self after the Halving? What’s next? 🔮
Additional sources & speculators
- Messari prepared a series of reports & podcasts exploring the past, present and future of Bitcoin.
Report #1: https://bit.ly/3fA2pO2
- Trends around cryptocurrency markets, Will Bitcoin halving bring back alt-season?
- Social media & tweets
- Podcasts & opinions
“Why is the upcoming bitcoin halving unlike the previous ones?” — Here Head of Research Dr Lewin Boehnke discusses the topics and considers past halving events.
More on trends — check our previous blog post “Trend reports 2019–20 / before and after Corona”
