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Just starting out. Walk with me on this journey, hopefully to plenty. A little scary and cryptic. Hope we can milk it, and grab more than a few bits!!! #BinanceAcademy is a good place to start. Set the foundation and get up fast.

Just starting out. Walk with me on this journey, hopefully to plenty. A little scary and cryptic. Hope we can milk it, and grab more than a few bits!!! #BinanceAcademy is a good place to start. Set the foundation and get up fast.

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Bitcoin Halving 101. let me just explain as briefly as possible what bitcoin halving is instead of assuming we all know. if there is one place where the language is just so extra and not so easy to understand its here in the crypto space. and the is just so much going on all at once. 1. Bitcoin halving is a fundamental event in the world of crypto. 2. Bitcoin halving when the reward given to miners is reduced by half. Miners are people who verify transactions on the block chain these Miners are rewarded in bitcoin. so this reward is going to be cut in half. 3. Halving reduces the rate at which new coins are introduced into circulation. 4. we will typically have scarcity. mining difficulty increases. the resources (Internet data/ electricity/software/ hardware etc) now yield less btc to miners. 5. what is important to note is the behaviour and trends before & following the halving. 6. it's important to note that this halving event will affect the whole crypto space including new projects in the crypto space. 7. whilst looking at the previous cycles of btc halving, take into consideration global politics, global economics, environmental factors, institutional and retail uptake, trends, functionality of currnet and new crypto, market sentiment and such other things. 8. look into how other coins/ tokens projects react/ adjust/ behave as a reaction to the btc halving. its like baking pies. the same amount of flour and energy will now yield less pie. it may be that the price of pies may go up over time due to increased scarcity, or increased cost of production. it.may be other players may start offering other baked goods and the market may move torwards those instead. is it that pies and other confectionary will both thrive in this market? Will people shun pies? Will they ignore other baked goods? what is the use of these things? do more individuals and institutions want pies and baked goods? What else is going on the world? How do people feel about these?And so many other questions. #Write2Earn
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