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Recent reports from a confidential gathering of major cryptocurrency investors suggest a possible downturn for Bitcoin, with predictions pointing towards a value of $35,000. Despite warnings I issued at the $71,000 mark, many BTC holders remain hesitant to sell, even as the current value hovers around $64,000. It's crucial to consider the influence of influential investors, who may be driving the narrative to hold on for a $150,000 BTC. However, it's prudent to heed caution and consider the potential consequences of holding on too long, as the market dynamics may shift rapidly. #HotTrands #viralmypost

Recent reports from a confidential gathering of major cryptocurrency investors suggest a possible downturn for Bitcoin, with predictions pointing towards a value of $35,000. Despite warnings I issued at the $71,000 mark, many BTC holders remain hesitant to sell, even as the current value hovers around $64,000. It's crucial to consider the influence of influential investors, who may be driving the narrative to hold on for a $150,000 BTC. However, it's prudent to heed caution and consider the potential consequences of holding on too long, as the market dynamics may shift rapidly.

#HotTrands #viralmypost

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Why BTC and all other cryptocurrencies has fallen? Well, you may think this was a usual fall as same happened recently when BTC failed to break its resistance point. You are completely wrong! The reason behind the fall market is Pre BTC Halving Effect… Let’s look at some data: 1st Bitcoin Halving: Date: November 28, 2012 Reward reduction: 50 BTC to 25 BTC Total Bitcoin supply: About 10.5 million Price 1 day before: Around $11 per BTC 2nd Bitcoin Halving: Date: July 9, 2016 Reward reduction: 25 BTC to 12.5 BTC Total Bitcoin supply: About 15.75 million Price 1 day before: Around $657 per BTC 3rd Bitcoin Halving: Date: May 11, 2020 Reward reduction: 12.5 BTC to 6.25 BTC Total Bitcoin supply: About 18.375 million Price 1 day before: Around $8,600 per BTC 4th Bitcoin Halving (Estimated): Date: April 19, 2024 Reward reduction: Expected from 6.25 BTC to 3.125 BTC Total Bitcoin supply (Estimated): About 19.6875 million Price 1 day before: Cannot be accurately predicted. I know it’s confusing. Let me explain.. How Bitcoin actually works? Well, Bitcoin haven’t started like current ETH based coins where the developers mint as many coin they want and start airdropping. BTC was programmed in a way, that if you need BTC you must mine it. Even the founder of Bitcoin, he also mined Bitcoin and stored in his wallet. The more the number of blocks in the network, the more complicated the mining process gets. Basically miners are behind all the transactions confirmation. If you haven’t read my post on Halving, I would suggest you to go and read all my post. I use most simple words to explain. The issue is, the founder knew, as technology will evolve, mining will be easier. So more and more people will start mining Bitcoin, so market supply will be increasing dramatically. So he decided to write a function that eventually reduces the rewards by half. So in feature, a point will came when the total supply will decrease instead of increasing. And the point is 21 million Bitcoin which will be the max supply of Bitcoin in lifetime.
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