The Halving just happened, We’re all still alive, and so is Bitcoin! The first 12.5 BTC block was mined by F2Pool (the largest mining operation in the world) at 17:46 (GMT). Bitcoin price and hashrate seem to be stable after a 5% price drop just half an hour before the Halving.
The speculation is over and any dramatic changes regarding the value of Bitcoin will probably happen within the coming months if they occur at all.
Bitcoin saw some volatility in the last few months, which was overall positive considering BTC rose from $420 to $630 in a period of 3 months, reaching the $789.78 (Data via Bitfinex) mark on the 16th of June.
So what does the future hold for the 12,5 block reward Bitcoin? Some worry the block reward reduction will cause a big portion of miners to abandon the industry, thus slowing the Bitcoin blockchain, which would in turn cause the price to drop and drive even more miners out of the business, in a downward avalanche that could end Bitcoin (a Death Spiral).
This would be the worst case scenario
Read more ... source: NewsBTC USA
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