What is Bitcoin Halving and why it matters ?

[Janechan]

What is Bitcoin's Halving and why is it important? Many people wondering if Bitcoin Halving will make the price rise higher due to the natural higher or not. This article we have the answer… here we go !

What is Bitcoin Halving, or what is halved (divided by 2) ?
Simply explained; that halving is an event that occurs every 210,000 blocks, or roughly every four years. New bitcoins enter circulation as block rewards, produced by “miners” who use expensive electronic equipment to earn or “mine” them.. The system will reduce Block Reward (a number of new Bitcoin emerging in the system) in half, which the previous Halving will show a new all Time High, always.
The reason that creator of bitcoin make this event because he want to create a sustainable system. Therefore, in order to control the supply, Satoshi devised a way to reduce Bitcoin by half.

Halving makes the bitcoin price rise?
According to economics, the decline in Bitcoin's birth rate will lead to a decrease in supply, which will make bitcoin more rare. And affect the price of Bitcoin. But if the Demand of Bitcoin is the same or higher, the price of Bitcoin after this should increase as the market demand.

How does Bitcoin Halving work?
Normally, miners can create new blocks in about 10 minutes.
For every block, there will be a Bitcoin reward for miners, reduced by 50 percent.

This is just an event or a way for us to make a profit from Bitcoin, but don’t forget that there are still many ways that we can use Bitcoin in dairy life, such as on Pooldax, are another interesting way to take advantage of Bitcoin and Cryptocurrency.

[EliteKF]

It is an intrinsic event of the design of the supply and demand of bitcoin that makes that supply decrease. Since there are fewer bitcoins produced in the same unit of time, each bitcoin is worth more. That's the theory at least, and that coupled with the FOMO ('Fear Of Missing Out') effect has led to further growth in the value of each bitcoin. The same thing happened in 2012 and 2016. The bitcoin miners are competing to validate the next block of transactions on the bitcoin network. To do this, they must solve a complex mathematical problem that is computed on powerful mining machines specifically designed for this purpose, which, by the way, consume quite a bit of energy. these events have led to similar situations in recent years: the bitcoin value has risen sharply in the following months and then fallen (not as much as it had risen) before that bitcoin halving is produced again.