The second Bitcoin block reward halving is going to happen in a bit less than 3 days from now with a little over 400 blocks remaining. The amount of Bitcoins rewarded for each block decreases over time, getting halved once every 210000 blocks (approximately every four years). When Bitcoin was created in 2009, the initial block reward was 50 BTC, then in November 2012, it dropped to 25 BTC after the first halving. As a result of the block reward getting reduced once more in a few days finding a new Bitcoin block will start rewarding the miner that found it with just 12.5 BTC instead of 25 BTC like it is still at the moment. Following this development in 4 more years or sometime in 2020 the next Bitcoin block reward halving is expected to take place further reducing the block reward in half to just 6.25 BTC and so on. This will continue until the total limit of 21 million Bictoins are mined, though this will take quite a lot of years. The total number of BTC after the halving of the block reward should be about 15 Million and 750 Thousands out of the 21 Million total and with the continuing reduction of the reward over time the remaining over 5 Million of coins will take years and years and more halvings to be mined (estimated time is around 2140).
http://cryptomining-blog.com/8062-the-second-bitcoin-block-reward-halving-is-upon-us/
Will the price of BTC go up after halving? I think the price is already baked in and it will be in $60 0to $700 range
It's hard to calculate how much the halving could send up the price. So how would people be able to accurately take into account something they can't calculate? It's likely people have over estimated or underestimated. Furthermore, the lack of selling pressure caused by the halving ... how long has it been taken into account for? 1 month? 1 year? 2 years?
The price of BTC 1yr ago was around $200 and today its $660. The anticipation that BTC price will double is already accounted in current price i.e. is 2*$200=$400. The extra $260 is based on new investment pouring in BTC. If these investor take profit and exit price will come down to $400 range (which I believe is unlikely) . So I think the price of BTC will remain in $600-$700 range.
In the short term perhaps.... there will be more events on the BTC horizon.
Let's hope the price will be stable and profitable for miners.
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