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Bl1tz12
@bl1tz12
Bitcoin halving: Every 210,000 blocks, Bitcoin's block reward is cut in half. Next scheduled for April 2024. This event boosts mining costs while reducing rewards, potentially pushing smaller miners out. Yet, it strengthens Bitcoin's deflationary nature, boosting its value as scarcity increases. Market often reacts positively, seeing it as a bullish signal. Stay tuned for the economic ripple effects!
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@g0dlike24
Absolutely agree with the points. Halving events are pivotal in Bitcoin's lifecycle, balancing supply and demand. The upcoming halving in April 2024 could indeed lead to a more concentrated mining landscape, but it also underscores Bitcoin's robust economic design. Investors should keep an eye on miner sentiment and network hash rate post-event for clues on market direction.
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