Bitcoin Halving 2020: History & Price Prediction (A Simple Explanation)
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- Опубликовано: 1 июн 2024
- This is a simple explanation of the bitcoin halving event that will happen in May of 2020.
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======== TABLE OF CONTENTS ========
00:00 - Introduction
Three Important Concepts to Know About the Bitcoin Network:
00:39 - Bitcoin Blockchain
02:13 - Bitcoin Mining
04:15 - Bitcoin Supply
The Bitcoin Halving Event in May 2020 Explained:
05:41 - What is Halving?
07:37 - Why does Halving Occur?
08:47 - What Implications Halving has for Future of Bitcoin?
======== VIDEO SUMMARY ========
In this video we will be talking about the bitcoin halving, or "halvening," event that will take place in May 2020.
We go over what halving is, why halving takes place, and what implications halving has for the future of bitcoin.
First, there are three key concepts about the bitcoin network you need to know that will make bitcoin halving easier to understand.
The concepts are the bitcoin blockchain, bitcoin mining, and the bitcoin supply.
The bitcoin blockchain is basically a live, running record of all the bitcoin transactions.
Once a certain amount of transaction data has been collected, a block is formed and added to the ledger.
So, blockchain is simply groups of transaction data that are linked together.
The basic structure of the bitcoin blockchain consists of a network of computers around the world with bitcoin software installed on them.
The verification and posting of transactions on the blockchain is completed by miners via a process called mining.
The basic concept you need to know about bitcoin mining to better understand the bitcoin halving event, is that miners are rewarded with bitcoin each time they verify a new block of transactions.
Mining rewards are a combination of newly minted bitcoin units that were not previously circulating, and transaction fees of bitcoin that were already circulating.
These rewards are in place to incentivize miners to participate in the mining process to ensure the bitcoin network continues to be audited and essentially maintained.
Next, bitcoin was programmed with a maximum supply of 21 million BTC.
This 21 million unit maximum was established to mimic the stable inflation rate of the precious metal gold.
Halving, in terms of bitcoin, refers to the reduction in bitcoin block rewards issued to miners by half.
Currently, the block reward is for miners is 12.5 BTC of newly minted bitcoin that were not previously in circulation.
When the halving occurs in May 2020, the block reward will halve, or reduce by half, which will give miners 6.25 BTC of newly minted bitcoin per validated block.
Historically, the 12 to 18 months immediately following a halving event, bitcoin pricing didn’t show much movement.
Even then, as with previous halvings averaging 12 to 18 months before noticeable changes, the bottom line is this:
There is a lot of room for opposing theories, opinions, and predictions about the future of bitcoin’s pricing with regard to the halving in May 2020 and the years following.
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I can’t thank you enough for - 1)having a clean, calm video format with great acoustics 2)not mumbling 3)not screaming 4)not interjecting, “uh, uh, uhm, uh” 800 times per minute, and finally 5)creating a video that was the length needed, without 15 minutes of special effects and other nonsense added in for absolutely no reason.
You just described one of friends channels. Haha
The crypto market is like a roller coaster, what goes up comes down only to go back up again. many investments are the same way but i love to give the responsibility to an expert sec licensed broker, rather than make the losses the expert made while he/she was still a beginner or make mistakes myself as a beginner. A broker with the potential of generating constant positive returns of both rising and falling markets. I have made over $63k this past week amidst the BEAR and ready to dabble for more.
kevin kennedy, uhhhm. . . . Ok.
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I agree the video was well done
Here's my prediction: I predict that everyone that watches this video will conclude that you are one of the absolute best crypto currency educators on the internet. Thanks for helping crypto-rubes like me understand this subject better.
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Agreed
Yes, I thought the same thing!
@Craig anderton Nice to be a newbie.
@Craig anderton isn't that who this channel is geared towards?
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I have never commented on any RUclips videos but your presentation was amazing. Keep up the good work and keep sharing your knowledge 😊!
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looks like the increase started within 6 months of 2016 and kept going until 2017 according to the graph.Thankyou for all the great info!
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Your first video I ever watched and I'm already in love with you and your content. Thanks for this video.
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Wow, excellent video Casey! Thank you. You got a new subscriber!
Instantly subscribed! Thank you for the clear cut information and visuals! This video helped me understand more compared to the last 4 videos I watched.
This is the best video about Bitcoin halving I've come across! Its short and very easy to understand. Awesome work Casey! Keep posting more like these. I've subscribed. 👍
When people ask me what a blockchain is i simply answer: it's a new way of recording data. Great info. thank you
I'm just a comment in the dust, but you got me started about a year ago. Love your vids, keep doing you!
Thanks for the feedback! Glad to help
Excellent! The way all RUclips vids should be. Clear, full of great information, and staying on topic. Thank you very much.
Really happy to discover your channel, this video was extremely useful!
This is the first time I've watched one of your videos and I can see that you've got a high standard for your content. I love your communication style.
Thanks for the video, clear, to the point, well presented and well spoken. Cheers from AUS.
One of the best videos I've seen on youtube.
Solid performance.
Thanks a million for the info
THANKS . CryptoCasey , your informative videos hold great value, you're the Best.
This is my first ever comment in RUclips. To me, this has been the most sensible take on the halving event. Everything other video i have watched seems to have a vested interest in building up the hype. Great job Casey. Best wishes for more such contributions.
Michael Daniel Buy and hold
I couldn't agree more, she is simply the best. I wondered why others can't just be as objective and neutral
Casey! Thank you! I'm binge-watching you trying to do a crash course and am so impressed. You're so clear, I wish you had more videos!
Thanks for the feedback. More in the works!
You explain this subject better than anyone I have found so far, thank you so much!
Thank you Casey!!! I learn a lot from yours videos. We need more channels like yours!!!!
You are so young to know all of this :) Thank you so much for your very knowlegeable and easy to watch videos! Subscribed!!
You are beautiful. 😋🤗
Thank you.
Thorough, clear and concise.
Always happy to see a quality production!
Thank you so much! You are so good at explaining this topic. I just liked and subscribed to your channel. So excited to watch more of your videos.
amazing! First time i do research and i have already a few pages with helpfull information! thankyou for this! Wish you the best and a lot of money haha
Absolutely brilliant. You explain things so concisely and clearly.
You earned a like and subscriber! Very intellectual, informative and backed by logic and facts. Loved it! Keep it up and coming 👏
I was never so happy and thrilled to subscribe someone on RUclips , I never understood bitcoin and all related terms so well! I am actually amazed! Thank you so much! Subscribed ❤️
He explains just like Anderson Jade.
You make the BEST videos about Bitcoin for beginners! Your videos really helped me a lot! Thank You!
Thank you for the time and work that you put on your videos.
Janko Giordano Thanks for watching!
Great to see you back Casey and creating content again. You were one of my first intros to crypto. Still one of the best teachers and communicators.
Brilliant video ! Lots of good info presented in easy to comprehend way. Thank you CryptoCasey👏
Great video 👍
Like before.
I went into Bitcoins because of Casey's videos.
U are simply the Best, thank you
Best BTC explanation video I've seen so far. And I've seen quite a few. Thanks Casey.
You have one of the best bitcoin RUclips channels. This is very informative. Thank you.
Great format, just the information I was looking for!
Nice vid, great production, you must be a bitcoin millionaire to afford this kind of production! 😎 new sub
That was one hell of a presentation..now understood something about Cryptocurrency and Bitcoin in particular! 😄 Can't thank you enough!!
Finally 🙏🏼🙏🏼🙏🏼 so glad o found your channel!
Thanks again Casey for your simple, no nonsense explanations of cryptocurrencies and bitcoin in specific. I watch a few others who are into hype, promotions and having an 'attitude' about cryptos. This is what makes your no hype approach to refreshing and grounded. I've watched many of your other videos and they all make great sense and are very educational.
This is information.
The others are hype-generators.
You got me into crypto with your first videos Casey, all your how to's and all. I'm very appreciative.
Goodluck this cycle.
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Fantastic commentary and educational content. Well organized and well articulated. I love that you take a sober and measured approach to Bitcoin, Crypto, and especially the halving event. I look forward to watching all your other content.
you got a perfect accent to be understood from every foreigners
Right after halving: $12k then back down to $6/$5k
6months after: back up to $9/$10k
12months: $15-$20k
18months: $35- $45k
Never in such a short time
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there is a lot of effort involved in making this video... thank you casey for sharing
Bitcoin Halving Simplified by Casey! Thank you! Im subscribed!!! 😃👍
Thank you Casey, very clear. The only prediction is that the price may go down (even though you chose an animation of numbers going up when you say that) right after the halving and that it just did happen to fall. Maybe now it'll get bullish earlier than thought? What are you doing with your coins right now? Thanks
Probably the simplest and cleanest rational explanation out there. Thank you!
The stock/cryptocurrency market is like a roller coaster, what goes up comes down only to go back up again. many investments are the same way but i love to give the responsibility to an expert sec licensed broker, rather than make the losses the expert made while he/she was still a beginner or make mistakes myself as a beginner. A broker with the potential of generating constant positive returns of both rising and falling markets. I have made over $63k this past week amidst the BEAR and ready to dabble for more.
This has to be the clearest video out there. Nice, thank you!
You are simply the best. Best youtube video on Bitcoin halving and price prediction so far. Thanks for the good work
Appreciated ❤😘
YASSSSSSSS!!!!!!!!!!!!!! We need more representative advocates like Casey into the Crypto community please! :D Excellent work Casey!!! Keep up the momentum till we reach the moon :D!!!
Nice and educating, you also need to learn the best way to amass cryptocurrency during this halving year known a to be the boom profit season in crypto
Cool video! I'm reading Mastering Bitcoin right now. You did a great job explaining the technology
You deserve everything . Liked and subscribed immediately. Thanks !
Hey Crypto Casey. Thank you for this video. This is one of the best videos I’ve seen explaining Bitcoin and the Bitcoin Halving. If it’s okay with you I will share this video on my Facebook page, and I will also subscribe to your channel.
Thanks for the feedback! Of course, feel free to share the video wherever you’d like.
I learn alot from you - thanks👍🏾
This video was bloody awesome! You know your stuff. I learnt heaps! Cheers from NZ
I just watched this video, you are very capable and it is good to see you talk. Thanks
Hello, I'm new to Bitcoin trade and I have been making few losses but recently I see a lot of people earning from it, can someone please tell me what I'm doing wrong?
Bitcoin is the future, investing in it now will be the wisest thing to do especially with the current rise
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Damn, she made it sound so simple
This is a really good video, which explains everything clearly without bias. And you're a good speaker too.
one of the best explanation vids ive seen thus far
I belive in new ATH. Think about stock to flow model or Metcalfe's law. We will see in 2021. Great video.
The precise balance you maintain in warranting bitcoin price rise and risks involved is fascinating, and my prediction for post halving after 6 months would be a price drop from the present levels and gradually the rise after 12 months but the peak would happen around 24 months, thought the halving makes bitcoin much more rare commodity, yet the world economic scenario is fragile and another recession would have adverse effects on post halving 12 month period and hopefully by 24 month post halving we might come through the peak. your sharpened agile conveying still amazes me, Love from India.
Amazing explanation, love it.... subscribing right away.
Great video Casey love your content and clear explanations- thank you, you rock! 😎🚀👍🏻😀💰
Great EXPLANATION
I think that the halving, economy crash, and a pandemic is the perfect storm for Bitcoin
Agreed
Surely, that is short term... If you mean these events will cause a drop in price... The response to the COVID19 epidemic, particularly the printing, as well as super low and many negative interest rates and the resulting 'war on cash' has got to be bullish for BTC and other Cryptos... Buying opportunity?
You are undoubtedly the best explainer of complex crypto elements - thank you.
Awesome way to explain blockchain, minning and halving i finally get it, love the video, already suscribed. Thank you
16k is my prediction... end of the year...
I'm surprised you haven't been featured on Max Keiser!
Very informative and helpful as always. Thank you.
just subscribed love your plain english way of explaining things
Crypto Casey is back!!! She taught me how to use ledger nano! Xoxo CC!!
I agree if it wasn't for her professional videos I never would have gotten set up properly.
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Holy cow!! I just stumbled upon your video and you very well explained everything!!!
Could you please make a video on Cardano? what are some use cases for the Cardano Cryptocurrency in the future? Great vids!!!
Casey I think I'm hearing you use a form of the word "titration" at 8:37. It is a term more commonly employed in the fields of chemistry and medicine. With bitcoin its use strikes me as innovative. Did I hear you correctly?
I did indeed use the word "titration" to describe the slow, steady addition of new bitcoin into circulation.
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Gotta do more videos Crypto Casey! You provide very good content.
Keep up
Fast, clear, smart... simply stunning! Thanks Great Girl
I'm going long. After the halving if it drops I'm buying more. Thing is with the halving taking place amidst the coronavirus, that may be the event that makes it skyrocket
Satoshi is a genius!
Satoshi is not a person but an agency
You and the 99 Bitcoins guy are my go to's when I'm having trouble understanding all things cryptocurrency
SUBSCRIBED!!! I love your content
I'm a new investor in bitcoin. I acknowledge that you're not a financial advisor and you're not supposed to tell me what to do but I'm at a point of choosing to invest this week in bitcoin or after the halving ? how can i stack probability in my favor ? any advice will help .i enjoyed your video ...thanks for all you do CryptoCasey :)
i have the same dilemma? buy now or after halving?
"That's why her hair is so big. It's full of secrets."
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lol come on man she just used a hair dryer
@@chiagozieiokeke7313 What site sir 😂
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Thanx for this beautiful explanation...Perhaps this is the only video on you tube that has explained the concept in a very simple way. I like your presentation skill & no doubt you are smart & intelligent.
excellent video Casey keep up the great work
I think it'll jump. Especially considering the high supply of the us dollar in circulation dispensed for COVID relief
and it did
Damn girl, you smart!!!
I wish i had someone like you around me
sad life bro?
@@2much4skin right.....
She is in the video
Glad your back. Need more from you
First video watched. Liked,subbed , belled. Speechless.
Casey, I always recommend your videos to all newbies in crypto. Your videos make learning how to trade crypto soooooooo idiot-proof that even boomers can buy bitcoin! Keep the vids coming!
I want to use this opportunity to thank Mr Carlos Rodriguez for helping me make huge profits. Profits that are double my investments. He's also training me on how to be an expert trader.