As many of you are already aware from the upcoming Bitcoin halving which will take place in may , let talk about how it can be affected on the Bitcoin prices and how how it will impact on the crypto currency is long term investors here is the complete detail.

Bitcoin is one of the most secure decentralized currency which enables people payments all around the world without any Central authorities, the Bitcoin network is dependent on the minors which make it very secure and the miners runs on a special computers having a certain amount of GPU.

This verification of blocks of Bitcoin transactions is called the proof of work ,because for every transaction there is a verify blocks Which is used the miners.

The miners reward are the newly created bitcoins , each verify blocks are rewarded with the newly bitcoin come to the systems on daily bases. When the new Bitcoins released into the system so the minor get some block rewards for their work and this process can be done every 10 minutes.

Reward Distribution

According to the current system and distribution the rewards for block is 12.5 Bitcoin,According to the details 1008 block are mined every week which is approximately 12600 new Bitcoins are generated every week.

The new Bitcoin generation reduce by half every four years which are created via blocks rewards ,There is reduction in the generation of Bitcoins every 4 years is known as halving of Bitcoin, after the creation of the Bitcoin this next halving will be the third halving and the current block reward is 12.5 bitcoin per block which will be reduced to the 6.5 Bitcoins per block.

About miners:

As much as I know most of the minor stop working when the Bitcoin price Falls below 5000 USD distort working again when the price is reduced to 6500 USD.

In my opinion upcoming halving will not affect the Bitcoin price as much it has been affected from the last Bitcoin halving,As in the recent time Bitcoin price has badly affected by the Corona virus in the last couple of weeks hopefully the Bitcoin price has bounced back in the last few days and finally catching up a good price.