#Bitcoin HALVING 22 days kadi ⏰
-What is halving?
📌 Bitcoin halving is one of the most important and curious events in the cryptocurrency world. This event, which occurs every four years, can cause Bitcoin's supply to decrease sharply and have a significant impact on the price.
1.What is Bitcoin Halving?
Bitcoin halving is an event in which the number of new blocks for which Bitcoin miners will receive rewards is reduced by half. This causes the supply of Bitcoin to decrease and therefore the rate at which new Bitcoins are released to the market decreases. According to the Bitcoin protocol, a halving occurs every 210,000 blocks, which happens approximately every four years.
The most important impact of the Bitcoin halving is that since the Supply decreases, it means less Bitcoin can be earned by miners and therefore fewer new Bitcoins can be released to the market. However, if demand remains stable or increases, Bitcoin's price may tend to rise due to decreasing supply.
🧨 When we examine the impact of past halvings on the price, we see that the previous 3 halvings resulted in significant increases in the price of Bitcoin in the long term.
-When we look at the short term analysis;
—In 2016, right after the halving,#BTCdropped by 27%.
—In 2020, this rate is 8%.
—There is almost no decrease in 2012.
🚩 So, what we can understand from here is that it is difficult to predict the movement of BTC in the short term right after the halving.
🚩🧨 important point; To those who say they will take flight immediately after the halving, remind them of 2016, and to those who say there will be a correction immediately after the halving, remind them of 2012. So don't act based on rote words. It should be analyzed by looking at the conditions of that day. Trades should not be opened with previous short-term movements.
🚀But in the long run, the bull is definitely inevitable. I have been in the market since 2013 and we know what a bull is.
