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Johnny
@nowcyberpunk
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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Johnny
@nowcyberpunk
3. Is halving always every four years? Although it is usually four years, in practice this time can vary due to fluctuations in the computing power of the Bitcoin network. The Internet is strong, it could delay halving the time. 4. Historical halving and its impact After halving in 2012, 2016 and 2020, the price of Bitcoin has ushered in a sharp rise to a new high. But every time the situation is different, market sentiment, macroeconomic conditions and other factors will affect the price 5. Is Bitcoin halving risky? Sure am. Halving is generally seen as positive, but in the short term it can cause wild market swings. If market expectations are not met, Bitcoin prices may adjust briefly
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Johnny
@nowcyberpunk
3. Is halving always every four years? Although it is usually four years, in practice this time can vary due to fluctuations in the computing power of the Bitcoin network. The Internet is strong, it could delay halving the time. 4. Historical halving and its impact After halving in 2012, 2016 and 2020, the price of Bitcoin has ushered in a sharp rise to a new high. But every time the situation is different, market sentiment, macroeconomic conditions and other factors will affect the price 5. Is Bitcoin halving risky? Sure am. Halving is generally seen as positive, but in the short term it can cause wild market swings. If market expectations are not met, Bitcoin prices may adjust briefly
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Johnny
@nowcyberpunk
6. Do Bitcoin holders need to worry about halving? Don't worry too much. It's a predictable event. But holders should be mindful of possible market volatility around halving and make decisions based on their risk tolerance and investment goals 7. How will halving affect miners? Halving incentives means less money for miners, some of whom may have to quit because of costs. This may result in a decrease in the computing power of the Bitcoin network, but it does not affect the rate of block generation and the allocation of bitcoins, as the system automatically adjusts the difficulty Bitcoin halving is to control inflation, although in the short term it only seems to reduce the income of miners, but in the long term, it is an important means to maintain the value of bitcoin
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