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20391940 No.20391940 [Reply] [Original]

I dare you to explain to me wtf does "bitcoin halving" mean and what are the consequences of a "bitcoin halving". I fucking dare you.

>> No.20391990

>>20391940
Every Bitcoin is split in half and the other half is given to a miner.

>> No.20391999

>>20391940
it's when the bitcoin halves in price, there's a ceremony before where everybody changes their btc for eth and then they buy back and double their btc stack

>> No.20392016

Are you man enough to explain what staking is? Most people aren't!

>> No.20392017
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20392017

>>20391990
Lol. Really?
I'm so stupid I might actually believe you.
So is that like a stock-split or something?
Why?

>> No.20392050
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20392050

>>20392016
No.
>>20391999
I have the feeling you guys are trolling me.
Stop.

>> No.20392064

It’s a Smart contract that gives half your BTC to your ex wife and the other half to her son

>> No.20392090

>>20391940
It's what the term implies: every btc wallet is halved in value, thus triggering hyper deflation.

>> No.20392113

>>20392016
It is holding down the fort with your tokens. You keep your 100,000 tokens staked meaning you don't have the ability to use them for trades and then you earn money while other people use your tokens to buy and sell their respective percentages.

>> No.20392170
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20392170

>>20392090
Naaah. That one I won't bite. I've read here and there that the "bitcoin halving" thingy makes the price of bitcoin go up.

>> No.20392252

>>20392170
Deflation does increase the instrinsic value of btc. It is a simple matter of supply and demand.

>> No.20392296
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20392296

>>20392252
Fine. But I still don't understand what "bitcoin halvin" means.

>> No.20392308

every second bit of the coin is taken away

>> No.20392324

>>20392170
I’m not exactly sure but I think it’s like mining rewards are halved so bitcoin becomes more scarce and harder to mine, driving the price higher

>> No.20392348

>>20392324
You could be onto something

>> No.20392357
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20392357

>>20392324
This sounds credible.

>> No.20392456

>>20391940
half the reward per mined block
basically you get half the amount of bitcoin youre supposed to get when you are mining
makes it harder to "mine" for more bitcoins
so there will be "less" supply
less supply = rarer/scarce = price go up

>> No.20392561

>>20391940
>mining rewards halved
>supply -50%
>unprofitable miners capitulate and stop mining
>supply drops some more
>price: up

>> No.20392570
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20392570

>>20392456
Thank you.
Has the halving already occurred?
And is the price jump immediate or does it have a lag? I've been following the price of BTC for a couple of months since I heard about that halving thing and haven't noticed a big jump.

>> No.20392612

>>20392561
3rd time this explanation appears.
I'll take it.
Thank you very much.

>> No.20392763

>>20392170
It's the same as stocks bro. Exactly the same.

>> No.20392802

>>20392570
>Has the halving already occurred?
yes
theres always a lag but it should go up in the long run

>> No.20393002

>>20392570
Already occurred. You had to have an active wallet with BTC in it during the halving to benefit

>> No.20393152

>>20392802
>theres always a lag but it should go up in the long run
Thank you. How big is the lag?
Months?
Am I still on time to catch the train?
>>20393002
Oh.. shit.

>> No.20393405

>>20393152
stock to flow

>> No.20393436

>>20391940
Makes the pee pees go into the poo poos then the big poopoo comes out of the pee pee