Bitcoin Halving is going to happen in a few days!

[Allura]

If you guys didn't know halving is happening in... https://coinmarketcap.com/halving/bitcoin/

[xHubaBubax]

This gonna be good bois!

[ggallin]

thank you for this!

[SupremeTeam]

To the moon

[xGanter]

Im still so out of the loop on what bitcoin halving is. I feel like I've looked it up and it makes some sense, but I don't truly understand it.

[Fivio]

If yall think this halving will be the same as the other ones you're lying yourself.

[OnlineMarket]

we saw 12k before so

[bkedup]

hopefully getting some profit when this happen

[Poph1gh]

Sorry if this looks dumb, but the halve means if I were to exchange my bitcoin for EUR or USD, I'll be able to get more out of both these currencies for the same amount of BTC I have now?

[Aragornpl0012]

@Poph1gh No no. Halving means that basically the miners get half the reward for every mined block (for example 4BTC was distributed for every mined block, now the reward will be 2BTC split among all miners), BUT this means that there will be less and less BTC mined, which in theory SHOULD increase its price (prior to this, every single halving resulted in increase of price), so I'd say if you were to exchange your btc to euro or usd, wait AT LEAST until the end of May to see what happens with the price.

For example, right now before halving the prices is dropping at a high pace, because tons of people got excited and are mass buying btc, thus the price drops hard.

[iScopeXx]

Agreed, just buy up BTC at the moment. The good shit comes in June.

[Poph1gh]

@Poph1gh No no. Halving means that basically the miners get half the reward for every mined block (for example 4BTC was distributed for every mined block, now the reward will be 2BTC split among all miners), BUT this means that there will be less and less BTC mined, which in theory SHOULD increase its price (prior to this, every single halving resulted in increase of price), so I'd say if you were to exchange your btc to euro or usd, wait AT LEAST until the end of May to see what happens with the price.

For example, right now before halving the prices is dropping at a high pace, because tons of people got excited and are mass buying btc, thus the price drops hard.

Gotcha, thank you!
You said at least end of MAY, so you guys would say the peak of price would be something like June/July?

[Allura]

Gotcha, thank you!
You said at least end of MAY, so you guys would say the peak of price would be something like June/July?

Look at the chart on the first post. Its about 6-12 months from the halving.