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What is bitcoin Halving and how it can impact Crypto Market?
- Thread starter rackz
- Start date
Miners receive reward from each new block. The initial Bitcoin block reward was 50 BTC.
Now, it is 6.25 BTC and after the next halving the block reward will be 3.125 BTC.
Less reward, potentially less coins for sell on the market (because miners usually sell some part to cover there running costs)
And this may lead to price increases...
But this is in theory, in reality BTC is highly manipulative asset ruled by cartel. Because of this price and impact on crypto market is unpredictable.
Now, it is 6.25 BTC and after the next halving the block reward will be 3.125 BTC.
Less reward, potentially less coins for sell on the market (because miners usually sell some part to cover there running costs)
And this may lead to price increases...
But this is in theory, in reality BTC is highly manipulative asset ruled by cartel. Because of this price and impact on crypto market is unpredictable.
KimNoSubstitute
New member
That's a good summary.
KimNoSubstitute
New member
It happened already, and not a complete crash.
KimNoSubstitute
New member
What are people's guess on which way the value will go?
kirtishere
New member
The price of btc is still steady remaining on the 60k marks tho it went its ath of 70k and also good explanation @BitcoinCandy,