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Johnny

@nowcyberpunk

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6 Followers


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99% of people don't know the fact that Bitcoin has halved 1. What is halving? For every 210,000 blocks produced, the miner's reward is halved. This phenomenon, which occurs roughly every four years, is intended to slow down the issuance of bitcoins until the total number reaches 21 million. More than 19 million have been dug up so far, with less than 2 million left to dig. This mechanism was set up by Bitcoin founder Satoshi Nakamoto in order to make bitcoin more rare and avoid the proliferation of traditional currencies. In 2140, the last bitcoin will be mined and no more will be issued after that. That could lead to some deflation, which could push up prices. Miners will then earn only on transaction fees. 2. Why is halving so popular? Every time there has been a halving in history, there has been a huge increase in demand for Bitcoin, which has directly driven up the price. The halving is also closely related to the bull cycle of the digital currency market.
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In the early morning of August 19, the Federal Reserve unexpectedly released an easing signal! Fed Official Daley Voices: The Current Interest Rate Range of 5.25% to 5.5% May Need to Be Reviewed Cryptocurrency market moderate recovery, generally up! Daley, a central member of the Fed, made clear that given the current economic situation, it is time to reassess and possibly adjust the current range of interest rates of 5.25% to 5.5%. She noted that although the labour market was experiencing a slowdown, "its performance did not appear weak". Daley further stressed that the Fed was unwilling to "unduly tighten monetary policy at a time of economic slowdown" to avoid unnecessary pressure on the economy. She added that failure to adjust policy flexibly to the dynamics of inflation and the reality of slowing economic growth "could lead to the consequences that we are trying to avoid-that is, price stability is achieved. But the labour market is in a state of instability and volatility".
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How many black swans have you experienced? 1. Mentougou event in February 2014: BTC fell by 80% BTC suffered a sharp fall in the Mentougou incident in February 2014, falling by 80%. 9.4 events in 2017: The market value plummeted by 80% On September 4, 2017, the entire crypto market lost 80% of its value due to Chinese regulatory measures. 3.12, 2020 event: ETH falls to $80 On March 12, 2020, the global market plunged, and the price of ETH plunged to $80, with heavy losses. 4. May 19, 2021:600,000 contracts liquidated On May 19, 2021, the market crash led to the forced liquidation of 600,000 contracts, resulting in huge losses. Luna Event 2022: Crisis in the DeFi sector In 2022, Luna's collapse triggered a major crisis in the decentralized finance (DeFi) space. 6. FTX Explosion in 2022: Market trust is frustrated In 2022, the FTX mine incident caused the market's trust in cryptocurrencies to be seriously damaged.
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