What is Halving in Bitcoin, Cryptocurrency
Halving is a Code written into Bitcoin’s DNA that halves the amount of NEW Bitcoin entering circulation after a certain number of blocks are mined.in other word, halving reduces the rate at Wich new coins are created and reduces the available amount of new supply and demand increase in the market [cryptocurrency market]. bitcoin halving is a part of system designed to cap the total number of bitcoin supply.
How does Halving Work on Bitcoin Cryptocurrency
in order for cryptocurrency investor to understand how halving in bitcoin works, they need to learn the basic of how cryptocurrency was created, meaning bitcoin was created by the way of decentralized system for miners that use high powered computer systems to solve cryptographic issue, verify and validate transaction on the bitcoin ledger known as the blockchain and receive payment in the form of newly created bitcoins.
What are Bitcoin Miners
The bitcoin miners are a computer of sorts, essentially racing to add new blocks to the blockchain, for each block added, the investor receive a certain number of new bitcoins as a reward and cut in half the originator of bitcoin programmed at regulars’ intervals.
What is the reward for Mining a bitcoin
The reward of mining a bitcoin is to reduce by half for every 210.000 blocks added, it currently takes sometimes to add that many blocks for bitcoin halving. Meaning, when the reward of mining bitcoin transaction id cut in half.
When does bitcoin Halving occurred
The bitcoin halving happening or occur approximately every four years [4 years], what is that mean, it means new bitcoins enter circulation as blocks Rewards, produced by the efforts of bitcoin miners who dedicated to use expensive Eletronic computer to mine.
Does bitcoin Halving Increase Crypto Prices in the market
to our understanding of bitcoin halving, we think bitcoin halving affects its market value as more bitcoin block or tokens are releases to the network, by increasing the demand with fewer coins remaining and potential miners decrease, the value of bitcoin will go to the moon.
When was the Last Bitcoin Halving
According to our research, the first bitcoin halving was occurred in November 2012, for mining started out with 50 BTC per block, and the second one was in July 2016 the most recent Bitcoin Halving was occurred in November 2020, the next one will be 2024-2025.
What Happen to Bitcoin after Halving
What happen after bitcoin halving is, historically speaking, the price of bitcoin will rise to the moon after the halving Event, a Close check after the past 3 bitcoin Halving, shows us that bitcoin always go to the moon significaly and it is happening after 6 or 12 months after the event.
Can you Make Money from bitcoin Halving
The answer to that question is Yes, you can make money from the bitcoin halving cycle or Event by speculating on bitcoin prices movement in the weeks, days, using chart. It will show you if you need to go short or long.but always remember investing what you can afford to lose in cryptocurrency market. don’t FOMO in.
Bitcoin Cycle Chart
what is a bitcoin cycle chart??? the bitcoin cycle Chart are a way of interpreting BTC Short- or long-term Chart, for prices predictions and forecasting the moving average in order to help cryptocurrency investor.
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