The Bitcoin halving is an event that occurs approximately every four years and halves the reward for miners who verify Bitcoin transactions. Here's how it works: •Bitcoin has a fixed amount of coins that can ever be created, 21 million. •To encourage miners to verify transactions and secure the network, they receive a reward in Bitcoin for each mined block. •Halving is written into the Bitcoin code and halves the reward offered to miners. •For example, the initial reward was 50 Bitcoins, and after the last halvings it reached 6.25 Bitcoins (until April 19, 2024). Currently, the reward is 3,125 Bitcoins. The reward reduction has two main effects: •Decreases the rate of creation of new Bitcoin coins. This limits the supply of Bitcoin, similar to gold which is a finite resource. •May affect the price of Bitcoin. As supply becomes more limited, and if demand remains constant or increases, the price of Bitcoin could increase due to increased rarity. It is important to note that the relationship between halving and price is complex and is not a guarantee of a price increase. It's already been a few days since the Halving and probably a lot of people were expecting a price explosion, that explosion will probably come when the market least expects it
#bitcoin remains bearish in the short term, for 1 hour on the chart it has a Bear Flag, if it is validated we can have another 4% correction to $62,150 in a very negative and very aggressive scenario. Macros are not bearish as long as Bitcoin does not drop below $59,900
Good morning, I follow the evolution of #bitcoin both on long time intervals and on the 4-hour chart, I am currently bearish with a potential death cross in formation for 4 hours, we have two resistances at $65,200 and. At $67,100 and a support that resisted yesterday in the area of $63,000. Today it is possible to go below $64,000 and I do not rule out even below $63,000 The daily S&P500 is also struggling with resistance but the macro looks poised for another climb.
#Bitcoin a little bearish and the market is shaking again, as long as $63,000 holds as a support it is not a big problem, there is a little stress on the altcoin, it is normal. Don't panic!
The facts speak for themselves, on many exchanges the demand for #Bitcoin is 5 times higher than the supply, whales buy as much as is available, the price will also adjust immediately. With altcoins, it's a different story, a story that will be very different after June 1. The stable coin storm is on the way!
This is not bear market! Even if #Bitcoin will drop below 58.000$ still not a bear market , red days are painful if you stare and refresh your phone every 5 min, take a break ! Do something you like
Emotions are difficult to control, time passes, if you have 10 coins and you are down, you still have 10 coins, time solves everything, patience! We may still have some suffering, possibly a restless night, I recommend you find something pleasant to do, let the market take its course. Good night, courage!
#Binance is launching a new project shortly namely #omninetwork a project that aims to solve the fragmentation caused by rollups is the biggest existential threat facing Ethereum (a popular blockchain platform).
Rollups are a scaling solution for Ethereum, but can create siled ecosystems for users and their funds. This fragmentation weakens Ethereum's overall network effect, which is a key advantage. Omni is presented as a solution that integrates all rollups into a single interoperable network. Details about the project:
shorturl.at/CLMQ1
Users will be able to stake BNB and FDUSD in separate hubs to produce OMNI tokens over a four-day period, with production starting on 04/13/2024 at 03:00 (UTC+3).
Listing: Binance will then list OMNI on 17/04/2024 at 15:00 (UTC+3) and open trading with the trading pairs OMNI/BTC, OMNI/USDT, OMNI/BNB, OMNI/FDUSD and OMNI/TRY. The Seed tag will be applied to OMNI. If you don't have a binance account you can use my affiliate link:
Parcă era o melodie a cărei versuri erau de genul “ dai timpului timp” așa și în cripto, uneori tot ce poți face este să aștepți. Mult asteptatul discount înainte de halving a venit, mai puțin la #bitcoin mai mult la altele dar a venit. Intr-o piața furibunda e nevoie de luciditate. Dacă #Bitcoin revine peste 65.000$ și închide ziua peste e un semnal pozitiv, dacă revine peste 67.800$ devin chiar optimist. Curaj 🍀
Good morning god forbid WW3! At the crypto market, I notice significant discounts, #Six - 65% #Dot -44% #Arb - 54% #Eth - 25% #Tia - 48% these are just a few examples, this time of discounts don't happen very often, I'm not saying that the market can't continue to fall, but I can't help but notice the opportunities.
Black Rock have now 270.000 Bitcoin almost 19 billion USD, in the last 30 days from exchanges 90.000 bitcoin have been withdrawn! This is not bear market, remember each time you panic sell there is a buyer
A serious life baggage is based on what we learn "knowledge" and who we know "networking" (Your net worth is your network), the money we have throughout life is directly influenced by what we know and who we know! No crash can erase them! Courage 🍀
Today is that kind of day when you don’t want to play with leverage ! Today is a perfect day for spot, market is red, no worries, it will be green soon
Don't panic! The market is going through an aggressive squeeze! Every bad day passes! Fear and emotions can generate more losses than the correction itself! It's hard to see a negative portfolio, but it's not the end of the world! Beware of Leverage! Courage!!! 🍀
Not all days are green, not all red days are bad. Next week we have the halving of #Bitcoin, the market is approaching 3 trillion $ capitalization, dozens of good projects are at a discount. Hong Kong opens the gates for Bitcoin ETF, which could bring another $25 billion in extra capitalization for Bitcoin!
It's not a bear market, it's just that inflation is a bit high in the US, #Bitcoin is not defective, it's a correction correlated with economic events! Many good projects are already at a discount! Panic does not help!
Dears, I would like to be ultra optimistic to tell you that there will be an incendiary summer in crypto and that we will all become millionaires, but I would be naive, there is a summer coming with major changes that will come as a shock to many!
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