Originally Posted by ZenForest
What does it say ?
What is "halving" ? (as it relates to a commodity or stock price ?)
Every 4 years the amount of btc earned by miners for creating the next block is halved.
It started out at 50 new btc roughly every 10 minutes, then 25, and a few months ago it went down to 12.5.
This means miners are essentially earning half of what they did before. They need to pay for equipment and electricity so it makes sense that upon halving the price of btc will increase.