What is Bitcoin Halving? Explained by CoinGecko

Roughly every four years, the block reward given to Bitcoin miners for processing transactions is cut in half!
This event is referred to as halving because it cuts the rate at which new bitcoins are released into circulation. This is Bitcoin's way of enforcing synthetic price inflation until all bitcoins are released.
Links Mentioned:
Bitcoin Halving: www.coingecko.com/en/explain/...
Chapters
00:00 - Intro
00:31 - What is Bitcoin Halving?
02:05 - What does this mean for BTC?
02:32 - What happens next?
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#crypto #cryptocurrency #bitcoin #halving #network #mining

[@cecilechau7932]

Halving means decreases in mining rewards, thus decreases in supply, driving up price. The purpose was for security control.

[@cupofjoe808]

So do I buy before, during, or after the halvin?

[@stevenaugust8657]

@@cupofjoe808 before, having as much volume as possible because it means your volume will 2x in value when cycle is done.

[@ZennyKravitz]

@@cupofjoe808 NOW AND DOUBLE DOWN EVERY DIP SIR.

[@MoistDelta.]

​@@cupofjoe808 before

[@danieldieni3188]

@@cupofjoe808 before it will go higher after a split always does every 4 years it sky rockets after halfing then drops alot to next one

[@mickeydrago9401]

I just hope I can check the price of Bitcoin when I'm dead in heaven because 2140 will be an amazing year!

[@user-Ay4]

Да. Я тебе верю.

[@jayjay-bz3rr]

Very funny Mickey

[@mickeydrago9401]

@@jayjay-bz3rr Well maybe I can reincarnate in 2140, but will I come back with the knowledge of my seed phrase?🤔

[@berrex5152]

i mean you can be rich before that. just make smart plays

[@mickeydrago9401]

@@berrex5152 You remind me of a stand-up comedy routine by Steve Martin decades ago on one of his albums: "You can have 1 million $ and never pay taxes... And then he says really quick, "first get a million dollars", glossing over that detail like a quick step.

[@ahiduzzamanahir1338]

BTC is literally one of the greatest invention that a lot of people don't really know of

[@Mr._Ramos]

The more you know❤ That was a great explanation ✅

[@hernanphillip334]

Such a good video❤️

[@julioibarra4351]

Nice detailed video. Thanks

[@kristiankho9467]

This is a very well made video!

[@CoinGecko]

Thanks ser!

[@nusratamjad4848]

Excellent. Very well explained in a very short time❤

[@lanmiao8]

Thanks for the explanation. I learned a lot.

[@whyeff21]

Straight to the point. Its what I want.

[@statistics.2ndyear184]

Good explanation

[@ScentiaResearch]

Fascinating video about Bitcoin halving! The concept of a pre-programmed scarcity built into the very fabric of Bitcoin is mind-blowing. It's like watching a clock tick down to a financial revolution, and I can't help but feel a surge of excitement for the future of cryptocurrencies.

[@markpandelidis2079]

Fees of what?

[@bsuccessful]

Cool video. Be prepared, in a few months we will really see the echo of this Halving.❤

[@sureenwawa]

so should I keep or sell BTC before 20 April??

[@ukwuteyinorenemali2783]

I just thought about this, now.

[@djburna9628]

bitcoin is good for storing [like gold] ... not ment to be used as a day by currency...

[@shellshock10]

That’s the problem, that’s why XRP is better

[@alessandroelhamri110]

The lightning network will be used as a payment method, actually is already used. Is cheap, fast and built on bitcoin. Just a second layer

[@user-md4yy4ob9i]

So how does it affect the high fees

[@adsdasdsadasda3016]

Oké if I understand it corectly if the minners get less btc for mining would they notstop mining wich also have impact in the markt?

[@londontrada]

Why would they stop? They're already set up

[@jayjelaso5354]

I have been studying bitcoin but why was halving block rewards built into the bitcoin protocol... I dont understand why it makes it more secure as it deincentivizes miners from more aggressively trying to validate through concensus thereby not sure why there is a halving

[@smokenojoke8182]

The creator didn’t want a few people to have the majority of bitcoins. It sounds good in theory but now you have corporations and countries starting to buy it all up

[@benji9337]

Interesting

[@jusupp3801]

Yes what happens when nobody wants to mine bitcoin anymore because it is too expensive and gives too little reward?

[@Julian-gr9eg]

Rewatch the video, you missed the answer. Study it a bit more.

[@pedrofussell5402]

Quantum Blockchain Technologies can increase mining rates by 2.6 times

[@ninjazhu]

How can reward ever be 0 if halving? Mathematically it will always be above 0.

[@nunobartolo2908]

I’ve never met anyone who paid for anything with Bitcoin exactly which transactions are these miners hashing in the block ??

[@RightNowReviews]

Good video, but why does the halving reduce the amount of new Bitcoin entering the market? Do miners stop mining just because the reward decreases?

[@londontrada]

No, their reward is half as much

[@smokenojoke8182]

Question is what will the transaction fees be paid in? By 2150 crypto could possibly be the preferred currency in business.

[@ourmine2349]

That's what xrp is pushing towards

[@lukasbrauneruv]

so if bitcoin price drops significaly and you you cannot mine more BTC because its already at 21million coins and electricity is worth more in the future. Than bitcoin can die or be very volatile to security breaches as less and less prople will be participating in the payment/transfer confirmation system

[@fact_tech_verse]

Bitcoin Halving is like a cosmic event where scarcity meets innovation, sending shockwaves through both the financial world and the digital universe. It's like witnessing a celestial body eclipse itself, a moment where scarcity becomes not just a concept, but a tangible force shaping the future of finance.

[@foxmulder4308]

Bitcoin to sky rocket, don't be late to the show this time !

[@punk702]

Folks who aren't in are already late right?

[@robertcollins7236]

Never too late mate

[@theteamxxx3142]

@@punk702 Never too late now btc is 65 k AGAIN then it will pump new high and retrace like to 35-40 k and everyone will say oh btc is dead cause it went from 130k to 40 k then guess what ? 2 years later it will got again to 130k and make new highs . You just need to use smart loss stops and be a little let greedy but getting insane profits

[@MoistDelta.]

​@@punk702 time in the market beats timing the market so as long as you get in and stay in for the long run you win

[@haithem_abed]

In which month exactly !?

[@kristiankho9467]

it depends on the blocktime. "roughly every 4 years" is actually 210,000 Bitcoin Blocks and since not all blocks will be mined at exactly 10 minutes, there will be deviations.

[@mrmustangman]

i heard april but that is just speculation....

[@viacheslav1]

17 april

[@marlowops]

This makes no sense. So you half the incentive for mining every 4 years. Theoretically speaking what happens if bitcoin price falls to 10k and stays around that price for a year then drops to 8k stays there then drops to 3k? The energy that it takes to mine bitcoin would only give hope that bitcoin goes up but what if it doesnt? That would be the end to bitcoin because miners would not mine and the entire system of bitcoin would stop. This is possible.

[@winniesnetwork1717]

😂😂😂 bruhhhh what planet at thou frm

[@marlowops]

@@winniesnetwork1717 I know it's above your little head. Bitcoin will be dead in 5 years. It's a ponzi scheme.

[@znothingfacez5681]

It's possible if Bitcoin doesn't get adopted as an actual usable currency for goods.

[@rockztah911]

Yes but it is still cheaper than to buy bitcoin. If we refer to the video it says 3.125 reward for miners that's a big amount right now. Regarding the price variable just think of cryptocurrency as a company you practically own its share if you have even just 3.125 bitcoin since all cryptocurrency economy revolves around bitcoin

[@dustyishere2472]

Bitcoin is like 69,000 right now

[@nahurirabenjaminenos3576]

Let's hope soo

[@asmrpro3995]

I will still be here as i am AI entity. It wont be an amazing event. Trust me.

[@kevinlee6672]

A limited number of anything makes the value go up, but i have a bad feeling that this won't be true for Bitcoin 🤔

[@Kingmaybach1]

You predicted correct about the halving happening in 2024 Bitcoin will hit $100k😊

[@m.-9615]

I missed the 2024 one, so when I should I get in?

[@ourmine2349]

What do you mean you missed it? It's only just happened, price usually rises for 1-1.5 years after the halving. Nows the best time to get in

[@m.-9615]

@ourmine2349 I hear everyone say you should've have gotten in way before the actual halving, so I thought I missed out on the opportunity to profit from it.

[@albondeb]

how are the rewards even a thing after all 21 million are claimed?

[@londontrada]

There will still be rewards from fees processing transactions

[@Userru.3]

Soooo what is bitcoin halving ?

[@Kenny-Ross]

You might want to watch again.

[@klondt]

I get it, but I don't fully understand it because I feel incapable of explaining all the details to a 15-year-old :-(

[@computerdaniel]

There is a max of 21 million bitcoin that will ever be on the market. This is to prevent the currency having no value as more and more of it comes in (like inflation). Too slow the time for it to reach this 21 million bitcoin within the market, the source code of bitcoin makes it so every 210,000 bitcoin mined, the amount given back to miners as rewards is HALVED. As less each approx 4 years has now entered the bitcoin market, it has more demand (supply & demand) so the price goes up.

[@klondt]

@@computerdaniel Thank you. I appreciate this.

[@computerdaniel]

@@klondtNo worries

[@Shaan_Angel]

​@@computerdanielwhen do u think people should sell and buy to get best profit this year? Ive been super curious about bitcoin 😮

[@87Clippers]

We're here waiting...

[@jeffryferdian9556]

When mining bitcoin become zero rewards, does that mean no more selling or buying?

[@BrazyUK]

It means fixed circulating supply. Many other coins already have this though, with better technology. Like Nano for example.

[@mickeydrago9401]

@@BrazyUK 🙄

[@BrazyUK]

Facts@@mickeydrago9401

[@Cherry-pu4mx]

Depends on the miners. The miners allow transactions to take place by processing the transactions on a ledger. They're rewarded bitcoins for this service. However, when no more bitcoins can be rewarded anymore...the miners will cease and the system will breakdown unless they charge a fee for their service. The idea is tht by the time bitcoin is maxed out, people will have put faith and use in the system as a means of payment. May it be because of its store of value or because its encryption, cutting off financial intermediaries. So, the system at large has been a failure because transactions just take too long to process and prices are volatile due to buyers/sellers buying and selling into the hype which has created several bubbles tht eventually pop.

[@mickeydrago9401]

@@Cherry-pu4mx You've got more homework to do. Learn the difference between Bitcoin Miners and nodes...

[@CHICVOYAGE]

smart looks ai generated

[@jxia86]

Count down for the BTC halving

[@oto-obongpeter306]

2040! Wow,,,,hope this Bitcoin halving will help other NFTs grow. $ECLD will also reach the sky.

[@ccchristyy3983]

Beware scammers in comment section. Consider all comments posted here with several liberal heaps of salt, and always cross check any information you may read. Individuals who post there gains and trade information may be highly misleading, and could be an attempt to manipulate people new to crypto for their own profit. BEWARE of such practices and exercise utmost caution before acting on any trade tip mentioned here.

[@nottheone831]

So in 2024, bitcoin is going to drop significantly in value?

[@cyberbid]

No, it will increase. Mass adoption is beginning and we have the halving very close now.

[@nottheone831]

@@cyberbid no it won't. It will be cut in half lol

[@hondacbx1975]

@@nottheone831🤡

[@OptoThemes]

That's a highly debated question 🔥To find out more, our crypto expert explains the 2024 Bitcoin halving here >>> kzbin.info/www/bejne/aIqwppZsoN6IerM

[@adivaknin1342]

Watch the video again lol

[@MAJORPAIN88]

So fucking confused, is tue the halving a good thing orna bad thing? I watched this video 5 times and still im so confused.... Can somebody explain it in terms where a 3 year old can understand

[@user-rb4cf5dy4p]

It's a good thing it makes bitcoin more valuable

[@vsyndicate9]

Its good and causes a massive bull run every time it happens

[@jamescollins6927]

i must be an fn dill i still dont get it

[@MJ-ms6fd]

Holy shit. What's with this music??? Why is it louder than the speech?

[@daveflexbail]

the bitcoin is halv then moon

[@alexmenjivar8509]

The biggest global markets are money and real estate. Not art or financial services or tech platforms. I happily leave those to others. Analysts that are unfamiliar with digital assets; specifically the bitcoin network, are probably missing out. It's a huge space. I'm bullish with a 5-10 year view. To be consistently profitable, algomodels will have to be re-trained periodically and constantly to find new patterns. That becomes an impossible task for old-school traders who are still trying to find patterns manually. Algorithm is the only way to go ! Prior to meeting Gary Flex, I've suffered a series of trading losses. His AlgoSignal strategies have been extremely profitable for my crypto trading as I've watched my portfolio grow by six figures under his guide...

[@loonyTunes86]

How do i reach him ?

[@gibbsleighton8116]

I used to be a hodler, But the panic of a market crash made me go into trading, And now i make my profits steadily with his daily signals.

[@ganzes88]

@@gibbsleighton8116 I got a chance to benefit from his services a few months ago and it has been a very smooth experience..

[@connorprickett6831]

Legendary update! I can see that this is the start of something special

[@sromeksylwia85]

I don't have much to say.. Gary daily trade signal is 80% accurate from what have experience and highly recommended

[@thereisnogod6240]

is not having. it is haLving. it is not like salmon where the L is silent.

[@stories.store0]

Grandson if your watching this hope you make it big 🙏🏽🤍