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ETFvsBTC: Win up to 500 FDUSD by sharing your insights! Step into the #ETFvsBTC campaign and you could win up to 500 FDUSD! 🚀 Share your insights into the comparison between Bitcoin ETFs and direct Bitcoin purchases. Evaluate the pros and cons of each option, and provide valuable insights that could help guide new users! #ETFvsBTC #BinanceLaunchpool
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Bitcoin Halving in 11 Days, Here’s How It Will Impact BTC Mining Costs The Bitcoin (BTC) halving is a crucial milestone event after every 210,000 blocks or nearly four years. The halving event cuts the block reward earned by miners by half. Thus, apart from an indirect impact on BTC price, the event significantly impacts miners’ behavior as mining costs double, and it costs twice to earn the same amount of BTC reward. According to data from CryptoQuant CEO Ki Young Ju, the current cost of mining using Antminer S19 XPs will rise from $40,000 to $80,000. The rise in the price of BTC post-halving compensates for the increase in the cost of mining. CryptoQuant CEO on Bitcoin halving. Source: Ki Young on X After the May 2020 halving, the profitable price for miners to continue mining rose to above $30,000; however, the price of BTC rose to a new all-time high of $69,000 during the same cycle. The average Bitcoin mining cost is $49,902, and the current BTC price is above $70,000. After the halving on April 20, the average Bitcoin mining cost will rise above $80,000. Thus, for miners to continue their operations, the BTC price must trade higher than $80,000. Average Bitcoin mining cost. Source: MacroMicro Historically, BTC prices have seen a multifold jump in price post-halving. Following the 2012 halving, the price of Bitcoin increased by around 9,000% to $1,162. Following the 2016 halving, the price of Bitcoin increased by about 4,200% to $19,800. Following the 2020 halving, the price of Bitcoin increased by almost 683% to $69,000. Related: Bitcoin halving will have to battle with ‘weak time of year’ — Coinbase Thus, miners have remained profitable despite fears of going out of business post-halving. Halving events also makes several mining machines obsolete as they can’t compete with the high hash power demand. After each halving, there comes a period when the BTC price remains below the miner’s profitable price. This period is marred by uncertainty and an increased selling of mining rigs, while many small and lone miners often go out of business. $BTC
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Do you hold any of these MEME coins? Investment 1: $WIF Investment 2: $PEPE Investment 3: $MEME Investment 4: $DOGE Investment 5: $SHIB Investment 6: $BONK Too many MEME coins? Think again, A lot of new people are putting all their money into these MEME coins. Sure, MEME coins have potential They are hailed as the fast track from $100 to $1000 in crypto. But they are also the fast track from $100 to $3.8 in 2 hours! 📉 Diversify your portfolio MEME coins are wild and easy to manipulate. Just saw an influencer take a token from $186k to $1.5m in 12 hours! Then, it fell back to $389,000 in 24 hours. Influencers cashed out, leaving followers to take responsibility. Don’t be their exit liquidity! Build a smarter portfolio: 1. 20%-30% in MEME coins. 2. 30%-65% in low-cap ambush options. 3. The rest are in reliable projects like Solana, Ethereum, etc. Avoid the MEME trap! Invest wisely, diversify, and stay informed! #Meme #BTC #SHIB Click on the avatar to follow my homepage information, bull market strategy layout, free sharing, and be a free blogger, just to increase fans. give me tip i give you 2x #BinanceLaunchpoolV
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$BTC The final crypto bull run is officially about to start. Less than 2 weeks left. It’s going to be the largest cycle we’ve ever seen. But guess what? Most of you will still end up broke. It’s not going to play out how you expect it to. You are not going to make any money. Let me tell you why. During the bull run, most of you are going to feel rich. So it will be easy for you to spend a lot of money. But it’s all unrealised profit. It’s all fake. It’s only real when you hit the red sell button. So instead of being stupid and splashing out money you think you made, Act broke and stack it. All this shit is going to crash 80% once again. So don’t make the same mistake. Take your profits home. No one will tell you this because they don’t care. I genuinely do and want to help you win this bitcoin cycle. So take profits, Bcoz if you don’t, all your profits will be wiped out. You do not want to go from feeling on top of the world, With your portfolio at an all-time high, To flat 0 again. If you don’t want to miss the top, Follow me as I don’t just tell you when to buy, I will also tell you when to sell
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