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BitcoinHalvingMassiveEvent
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Empowering Bitcoin Transactions: Introducing ckBTC on the Internet Computer protocol šŸŒBitcoin's journey has been remarkable, but its usability has been hindered by high fees and sluggish transactions. Enter ckBTC, a beacon of hope in the realm of cryptocurrency. As a multi-chain twin on the Internet Computer, ckBTC harnesses the lightning-fast speed āš”, boundless scalability šŸ“ˆ, and minimal transaction fees šŸ’° inherent to the Internet Computer Protocol (ICP). Imagine a world where buying groceries šŸ›’ or grabbing a coffee ā˜• with Bitcoin is as seamless as using traditional currency. ckBTC brings this vision to life by implementing the ICRC-1 fungible token standard, ensuring effortless integration with Web3 services. This interoperability not only eases the strain on the Bitcoin network but also revitalizes Satoshi Nakamoto's original vision of a peer-to-peer electronic cash system. The Importance of ICP: At the heart of ckBTC lies the Internet Computer Protocol (ICP), a game-changer in the world of decentralized computing. The ICP's significance cannot be overstated. It provides a foundation of speed, scalability, and low transaction fees that are essential for unlocking Bitcoin's full potential as a medium of exchange. With the Internet Computer, transactions become lightning-fast, allowing users to complete purchases in mere seconds. Scalability ensures that the network can handle increasing transaction volumes without sacrificing performance or security. And perhaps most importantly, low transaction fees make everyday transactions feasible, enabling users to transact with Bitcoin without breaking the bank. In essence, the Internet Computer Protocol is the backbone of ckBTC, empowering Bitcoin to fulfill its promise of revolutionizing the way we transact in the digital age. Beyond solving immediate challenges, ckBTC sparks innovation in the decentralized landscape. Developers now have a canvas to create groundbreaking dApps and services that merge the security of Bitcoin with the agility of the Internet Computer. The possibilities are endless, from microtransactions to decentralized finance (DeFi) solutions. In essence, ckBTC is more than just a technical upgrade ā€“ it's a symbol of progress šŸš€, a bridge between two worlds, and a testament to the transformative power of decentralized innovation. As we journey towards a more accessible and inclusive financial future, ckBTC lights the way, empowering individuals to transact freely and securely in the digital age.

Empowering Bitcoin Transactions: Introducing ckBTC on the Internet Computer protocol šŸŒ

Bitcoin's journey has been remarkable, but its usability has been hindered by high fees and sluggish transactions. Enter ckBTC, a beacon of hope in the realm of cryptocurrency. As a multi-chain twin on the Internet Computer, ckBTC harnesses the lightning-fast speed āš”, boundless scalability šŸ“ˆ, and minimal transaction fees šŸ’° inherent to the Internet Computer Protocol (ICP).
Imagine a world where buying groceries šŸ›’ or grabbing a coffee ā˜• with Bitcoin is as seamless as using traditional currency. ckBTC brings this vision to life by implementing the ICRC-1 fungible token standard, ensuring effortless integration with Web3 services. This interoperability not only eases the strain on the Bitcoin network but also revitalizes Satoshi Nakamoto's original vision of a peer-to-peer electronic cash system.
The Importance of ICP:
At the heart of ckBTC lies the Internet Computer Protocol (ICP), a game-changer in the world of decentralized computing. The ICP's significance cannot be overstated. It provides a foundation of speed, scalability, and low transaction fees that are essential for unlocking Bitcoin's full potential as a medium of exchange. With the Internet Computer, transactions become lightning-fast, allowing users to complete purchases in mere seconds. Scalability ensures that the network can handle increasing transaction volumes without sacrificing performance or security. And perhaps most importantly, low transaction fees make everyday transactions feasible, enabling users to transact with Bitcoin without breaking the bank. In essence, the Internet Computer Protocol is the backbone of ckBTC, empowering Bitcoin to fulfill its promise of revolutionizing the way we transact in the digital age.
Beyond solving immediate challenges, ckBTC sparks innovation in the decentralized landscape. Developers now have a canvas to create groundbreaking dApps and services that merge the security of Bitcoin with the agility of the Internet Computer. The possibilities are endless, from microtransactions to decentralized finance (DeFi) solutions.
In essence, ckBTC is more than just a technical upgrade ā€“ it's a symbol of progress šŸš€, a bridge between two worlds, and a testament to the transformative power of decentralized innovation. As we journey towards a more accessible and inclusive financial future, ckBTC lights the way, empowering individuals to transact freely and securely in the digital age.
Read this message then you Start trading. 1.Trading is not a one day game. 2.Don't put your money all in one trade. 3.Use cross margin with stop loss. 4.use 5% funds like if you 100$ use 5$ per trade Daily open 3-5 trade. 5.Don't try to rice in one day.trading is like a business. Slowly slowly grow your account.. 6.Money management is more important rather then trading. 7.If you can save your money then you can trade.if you lost your money then you can't trade. 8.Always use low funds. Your loss can recover. 9.save your fund always. #Advice #tradingGuide #bitcoin #BitcoinHalvingDrama #BitcoinHalvingMassiveEvent $BTC $BNB $SOL
Read this message then you Start trading.
1.Trading is not a one day game.
2.Don't put your money all in one trade.
3.Use cross margin with stop loss.
4.use 5% funds like if you 100$ use 5$ per trade Daily open 3-5 trade.
5.Don't try to rice in one day.trading is like a business. Slowly slowly grow your account..
6.Money management is more important rather then trading.
7.If you can save your money then you can trade.if you lost your money then you can't trade.
8.Always use low funds. Your loss can recover.
9.save your fund always.
#Advice #tradingGuide #bitcoin #BitcoinHalvingDrama #BitcoinHalvingMassiveEvent $BTC $BNB $SOL
Have a BalancePart I: Fear and Hope Greetings, fellow binancers! I am a newbie here. I just like to say a few things about trading on the crypto platform. Entering the world of cryptocurrency can indeed feel intimidating, shrouded in uncertainty and volatility. It's far from the ideal starting point for a beginner. However, one could argue that similar sentiments apply to any traditional marketplace. While trading crypto introduces an extra layer of complexity due to its notorious volatility, it's not a reason to shy away completely. A healthy dose of fear can serve as a guiding force, keeping us focused and steering us away from reckless risks. However, succumbing to an overdose of fear can become a barrier to progress. Trading, even for seasoned veterans, is a challenging endeavor where both profit and loss are inevitable components. It's crucial to embrace both outcomes wholeheartedly, recognizing them as integral parts of the journey toward financial growth. Similarly, maintaining a sense of hope is essential. Trusting in oneself, the trading system and the timing of the market is what propels us forward, step by step. Yet, it's equally important to strike a balance and avoid the pitfalls of overconfidence. Blind optimism can be just as detrimental as hopelessness, leading us astray from sound decision-making. Therefore, cultivating a balanced mindset is paramount. Trade with confidence, but exercise caution and diligence every step of the way. By embracing a blend of fear and hope, and navigating with a balanced mindset, we can approach crypto trading with a greater sense of resilience and adaptability. Thank you. Have a safe trade. #write2earnā€¦. #Memecoins #buyandhold #BitcoinHalvingMassiveEvent $BTC $BNB

Have a Balance

Part I: Fear and Hope

Greetings, fellow binancers! I am a newbie here. I just like to say a few things about trading on the crypto platform.

Entering the world of cryptocurrency can indeed feel intimidating, shrouded in uncertainty and volatility. It's far from the ideal starting point for a beginner. However, one could argue that similar sentiments apply to any traditional marketplace. While trading crypto introduces an extra layer of complexity due to its notorious volatility, it's not a reason to shy away completely.

A healthy dose of fear can serve as a guiding force, keeping us focused and steering us away from reckless risks. However, succumbing to an overdose of fear can become a barrier to progress. Trading, even for seasoned veterans, is a challenging endeavor where both profit and loss are inevitable components. It's crucial to embrace both outcomes wholeheartedly, recognizing them as integral parts of the journey toward financial growth.

Similarly, maintaining a sense of hope is essential. Trusting in oneself, the trading system and the timing of the market is what propels us forward, step by step. Yet, it's equally important to strike a balance and avoid the pitfalls of overconfidence. Blind optimism can be just as detrimental as hopelessness, leading us astray from sound decision-making.
Therefore, cultivating a balanced mindset is paramount. Trade with confidence, but exercise caution and diligence every step of the way. By embracing a blend of fear and hope, and navigating with a balanced mindset, we can approach crypto trading with a greater sense of resilience and adaptability. Thank you. Have a safe trade.
#write2earnā€¦. #Memecoins #buyandhold #BitcoinHalvingMassiveEvent $BTC $BNB
Huge hit on Bitcoin On Apr 02, 2024, 18:51 PM(UTC). According to Binance Market Data, Bitcoin has crossed the 66,000 USDT benchmark and is now trading at 66,000.117188 USDT, with a 4.19% decrease in 24 hours. $BTC #Trend #TrendingAssets #BitcoinHalvingMassiveEvent
Huge hit on Bitcoin

On Apr 02, 2024, 18:51 PM(UTC). According to Binance Market Data, Bitcoin has crossed the 66,000 USDT benchmark and is now trading at 66,000.117188 USDT, with a 4.19% decrease in 24 hours.

$BTC #Trend #TrendingAssets #BitcoinHalvingMassiveEvent
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Bullish
Signal no 2 LDO USDT Long opportunity. If the price reaches 2.897, you can open a position. Targets: 2.905691, 2.92597, 2.95494, 2.98391, 3.1867+ Deposit: 5 āˆ’ 10% Leverage: 5 āˆ’ 10x cross ā—Add more at these levels: ā†’ 1. 2.853216798 - 2.82425013 ā†’ 2. 2.766316794 - 2.722866792 ā†’ 3. 2.46216678 - 2.31733344 Once TP 2 āˆ’ 3 hit, you can move the remainder of the position to breakeven or slightly lower than the entry point and take profit as it grows. $LDO $BTC $ETH #BullorBear #Write2Earrn #BinanceLaunchpool #BitcoinHalvingMassiveEvent
Signal no 2

LDO USDT
Long opportunity.
If the price reaches 2.897, you can open a position.
Targets: 2.905691, 2.92597, 2.95494, 2.98391, 3.1867+
Deposit: 5 āˆ’ 10%
Leverage: 5 āˆ’ 10x cross

ā—Add more at these levels:
ā†’ 1. 2.853216798 - 2.82425013
ā†’ 2. 2.766316794 - 2.722866792
ā†’ 3. 2.46216678 - 2.31733344

Once TP 2 āˆ’ 3 hit, you can move the remainder of the position to breakeven or slightly lower than the entry point and take profit as it grows.

$LDO $BTC $ETH
#BullorBear #Write2Earrn #BinanceLaunchpool #BitcoinHalvingMassiveEvent
Bitcoin Miner's Earnings Hit Record $2 Billion in March Ahead of Halving Event In March, bitcoin miners amassed an unprecedented level of revenue not seen in the previous 12 months, hitting a high of $2.01 billion from rewards and transfer fees. Of this total, $85.81 million was earned from transaction fees over the past month. Historic Month for Bitcoin Miners ā€” Income Peaks at $2 Billion:- As we edge closer to the halving event, bitcoin (BTC) miners have seen a significant increase in their earnings, both from collected rewards and transfer fees. March set a new benchmark as the month with the highest revenue in the last year. Moreover, the milestone was also marked as the highest record month for minor income in the networkā€™s lifetime. According to the latest figures, miners raked in $2.01 billion, with $85.81 million of this total coming from transaction fees. Throughout the past month, the hashprice consistently exceeded the $100 per PH/s daily mark. The term hashprice denotes the anticipated daily value of 1 PH/s of hashing capacity. Throughout March, bitcoin mining pools successfully mined 4,412 blocks, with Foundry USA leading the charge by uncovering 1,312 of those blocks. This achievement indicates that Foundry was responsible for approximately 29.74% of the networkā€™s total during the month. Antpool came in second, discovering 989 blocks, which equates to 22.42% of the total blocks mined in March. Hot on the heels of Foundry and Antpool were Viabtc, F2pool, and Binance Pool respectively. As the month draws to a close, data reveals that 54 mining entities actively contribute hashrate to the network. Currently, the Bitcoin networkā€™s hashrate is maintaining a steady pace at 606 exahash per second (EH/s), with a noticeable increase of 20 EH/s over the last month. Bitcoinā€™s hashprice, which estimates the daily value of one petahash per second (PH/s) of mining power, consistently stays above the $100 mark throughout the month. #BTCšŸ”„šŸ”„šŸ”„šŸ”„ #BitcoinHalvingMassiveEvent #BinanceLaunchpool #BullorBear #BinanceLaunchpool
Bitcoin Miner's Earnings Hit Record $2 Billion in March Ahead of Halving Event

In March, bitcoin miners amassed an unprecedented level of revenue not seen in the previous 12 months, hitting a high of $2.01 billion from rewards and transfer fees. Of this total, $85.81 million was earned from transaction fees over the past month.

Historic Month for Bitcoin Miners ā€” Income Peaks at $2 Billion:-
As we edge closer to the halving event, bitcoin (BTC) miners have seen a significant increase in their earnings, both from collected rewards and transfer fees. March set a new benchmark as the month with the highest revenue in the last year.

Moreover, the milestone was also marked as the highest record month for minor income in the networkā€™s lifetime. According to the latest figures, miners raked in $2.01 billion, with $85.81 million of this total coming from transaction fees.

Throughout the past month, the hashprice consistently exceeded the $100 per PH/s daily mark. The term hashprice denotes the anticipated daily value of 1 PH/s of hashing capacity.
Throughout March, bitcoin mining pools successfully mined 4,412 blocks, with Foundry USA leading the charge by uncovering 1,312 of those blocks. This achievement indicates that Foundry was responsible for approximately 29.74% of the networkā€™s total during the month.

Antpool came in second, discovering 989 blocks, which equates to 22.42% of the total blocks mined in March. Hot on the heels of Foundry and Antpool were Viabtc, F2pool, and Binance Pool respectively. As the month draws to a close, data reveals that 54 mining entities actively contribute hashrate to the network.

Currently, the Bitcoin networkā€™s hashrate is maintaining a steady pace at 606 exahash per second (EH/s), with a noticeable increase of 20 EH/s over the last month. Bitcoinā€™s hashprice, which estimates the daily value of one petahash per second (PH/s) of mining power, consistently stays above the $100 mark throughout the month.
#BTCšŸ”„šŸ”„šŸ”„šŸ”„ #BitcoinHalvingMassiveEvent #BinanceLaunchpool #BullorBear #BinanceLaunchpool
Filecoin (FIL) Price Signals Fresh Bull Run, Aims for Multi-Year HigH Chika Moji New Memecoin, Get 100,000 Chika Tokens $100 Free, Join Airdrop Now On WWW.CHIKAMOJI. LOL - Ā Ā ChikaMoji.lol Filecoin (FIL), the utility-based altcoin, is signaling the onset of a fresh bull run. After establishing a robust bear market support level around $3 last year, FIL has gained more than 200 percent since October, trading at approximately $9.32 on Friday during the early London session. With a fully diluted valuation of about $18.4 billion and a daily average trading volume of approximately $253 million, Filecoin has attracted significant investment and integrations in recent months. This growing interest in the decentralized storage platform has led many analysts and investors to believe that FILā€™s price will reach a new multi-year high in the coming months. #BitcoinHalvingMassiveEvent Ā #Ethereum Ā #Cryptocurrency Ā #FILECOIN Ā #FIL Ā $FIL
Filecoin (FIL) Price Signals Fresh Bull Run, Aims for Multi-Year HigH
Chika Moji New Memecoin, Get 100,000 Chika Tokens $100 Free, Join Airdrop Now On WWW.CHIKAMOJI. LOL - Ā Ā ChikaMoji.lol

Filecoin (FIL), the utility-based altcoin, is signaling the onset of a fresh bull run. After establishing a robust bear market support level around $3 last year, FIL has gained more than 200 percent since October, trading at approximately $9.32 on Friday during the early London session.

With a fully diluted valuation of about $18.4 billion and a daily average trading volume of approximately $253 million, Filecoin has attracted significant investment and integrations in recent months. This growing interest in the decentralized storage platform has led many analysts and investors to believe that FILā€™s price will reach a new multi-year high in the coming months.

#BitcoinHalvingMassiveEvent Ā #Ethereum Ā #Cryptocurrency Ā #FILECOIN Ā #FIL Ā $FIL
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Bullish
"Bitcoin will never work. Bitcoin is going to fail" It's the same FUD every time. Except Bitcoin can't fail because it didn't promise us anything to begin with. The threat is always to people, and the threat is to people themselves. Bitcoin is just a measuring stick for value. The same way we measure distance in kilometers and miles. But how do we measure money and value? There is no way. People think we can measure in fiat terms but that's an illusion because everything is always fluctuating against everything else in the fiat world. So you can't tell if something is worth its true value at any given point in time. It's like hundreds of rubber rulers all stretching at different points trying to measure each other. We can only measure money in Bitcoin because it's this absolute finite instrument, this 21-million-unit ruler that can measure everything. It's just a ruler that doesn't move. And it happens to be digital. And then we can have bearer parts of this ruler and therefore we can use it as money. But all it is a ruler. So it can't fail. You can ban the ruler, but then someone will just have to use a rubber ruler in whatever country they're in. Because BTC is digital, you can't shut off access to that without shutting off access to the internet since it is just information. So Bitcoin is an immutable ruler that is in your head. And when it comes to cracking down on it, you can only really crack down on the people. Ban them, throw them in jail for thinking about the ruler. But dystopia is always gonna be dystopian, so that can always happen. We've seen country-level attacks (China) on banning Bitcoin mining, but that only hurts the miners in that country, but not the Bitcoin Network. It benefits the other people that are not getting cracked down on. Bitcoin is unstoppable. Buy as much of this ruler while the price is still cheap. #BitcoinHalvingDrama #BitcoinTrends" #BullorBear #BitcoinHalvingMassiveEvent #bitcoin
"Bitcoin will never work. Bitcoin is going to fail"

It's the same FUD every time.

Except Bitcoin can't fail because it didn't promise us anything to begin with.

The threat is always to people, and the threat is to people themselves.

Bitcoin is just a measuring stick for value.

The same way we measure distance in kilometers and miles. But how do we measure money and value?

There is no way.

People think we can measure in fiat terms but that's an illusion because everything is always fluctuating against everything else in the fiat world.

So you can't tell if something is worth its true value at any given point in time.

It's like hundreds of rubber rulers all stretching at different points trying to measure each other.

We can only measure money in Bitcoin because it's this absolute finite instrument, this 21-million-unit ruler that can measure everything.

It's just a ruler that doesn't move. And it happens to be digital. And then we can have bearer parts of this ruler and therefore we can use it as money.

But all it is a ruler. So it can't fail. You can ban the ruler, but then someone will just have to use a rubber ruler in whatever country they're in.

Because BTC is digital, you can't shut off access to that without shutting off access to the internet since it is just information.

So Bitcoin is an immutable ruler that is in your head. And when it comes to cracking down on it, you can only really crack down on the people.

Ban them, throw them in jail for thinking about the ruler. But dystopia is always gonna be dystopian, so that can always happen.

We've seen country-level attacks (China) on banning Bitcoin mining, but that only hurts the miners in that country, but not the Bitcoin Network.

It benefits the other people that are not getting cracked down on.

Bitcoin is unstoppable. Buy as much of this ruler while the price is still cheap.

#BitcoinHalvingDrama #BitcoinTrends" #BullorBear #BitcoinHalvingMassiveEvent #bitcoin
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Bullish
What is Bitcoin halving? Bitcoin halving is a process in the Bitcoin ecosystem that occurs approximately every four years, or more specifically, every 210,000 blocks. When a halving event happens, the reward that miners receive for verifying transactions and adding new blocks to the Bitcoin blockchain is cut in half. This mechanism was implemented by Bitcoin's creator, Satoshi Nakamoto, to counter inflation. Since the total number of Bitcoins that can ever be mined is capped at 21 million, halving reduces the rate at which new Bitcoins are created, thus slowing down inflation over time. As a result, Bitcoin becomes more scarce, and if demand remains the same or increases, this could potentially increase its value. The last Bitcoin halving occurred in 2020, and the next one is in April 2024, following the pattern of roughly every four years. #BitcoinHalvingDrama #BitcoinHalvingMassiveEvent #bitcoinhalving $BTC
What is Bitcoin halving?
Bitcoin halving is a process in the Bitcoin ecosystem that occurs approximately every four years, or more specifically, every 210,000 blocks. When a halving event happens, the reward that miners receive for verifying transactions and adding new blocks to the Bitcoin blockchain is cut in half. This mechanism was implemented by Bitcoin's creator, Satoshi Nakamoto, to counter inflation. Since the total number of Bitcoins that can ever be mined is capped at 21 million, halving reduces the rate at which new Bitcoins are created, thus slowing down inflation over time. As a result, Bitcoin becomes more scarce, and if demand remains the same or increases, this could potentially increase its value. The last Bitcoin halving occurred in 2020, and the next one is in April 2024, following the pattern of roughly every four years.

#BitcoinHalvingDrama #BitcoinHalvingMassiveEvent #bitcoinhalving $BTC
LIVE
Binance Announcement
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Join the #HalvingWithBinance Daily Learning Challenge and Win Community Rewards!
Fellow Binancians,
Binance is thrilled to present the #HalvingwithBinance Community Daily Learning Challenge to mark the upcoming Bitcoin halving. Users can read daily learning materials, engage in community discussions, and stand a chance to share community rewards as we celebrate this key event together!
Activity Period: 2024-04-08 13:00 (UTC) to 2024-04-19 23:59 (UTC)
How to Participate:
Join any of these 10 communities: Binance Discord, Binance English, Binance MENA English, Binance Arabic, Binance Spanish, Binance Argentina, Binance Portuguese, Binance Russian, Binance Kyrgyzstan, and Binance Kazakhstan.Solve the daily quiz and submit your answers through the form shared daily in the community group(s) during the Activity Period.Discuss the daily learning topic in the community group(s) using the #HalvingwithBinance hashtag.
Please note that the daily quizzes and respective forms will only be released in the community groups on weekdays during the Activity Period. For each community, one winner will be chosen per day during the Activity Period to receive a prize of $10 in FDUSD token voucher.
Terms & Conditions:
Only users who complete KYC during the Activity Period will be eligible for any rewards.
To be considered an eligible participant, users must meet all the following requirements during the Activity Period:
Join any of these 10 communities: Binance Discord, Binance English, Binance MENA English, Binance Arabic, Binance Spanish, Binance Argentina, Binance Portuguese, Binance Russian, Binance Kyrgyzstan, and Binance Kazakhstan.Users who solve the daily quiz must submit their answers through the form shared daily in the community group(s) during the Activity Period.Discuss the daily learning topic in the community group(s) using the #HalvingwithBinance hashtag.
Winners are selected based on certain criteria, including but not limited to the accuracy of their quiz answers, time of submission, quality of their community discussions, and more.Users may submit inquiries in the Binance Discord, Binance English, Binance MENA English, Binance Arabic, Binance Spanish, Binance Argentina, Binance Portuguese, Binance Russian, Binance Kyrgyzstan, and Binance Kazakhstan community group(s). Binance reserves the right to revoke the eligibility of a participant if they violate the guideline, such as spam, copy and paste, plagiarism, inappropriate content, or anything that is listed under the respective community guidelines. Violation of community rules may also result in being banned from the community group(s).Rewards DistributionWinners will be announced daily in each participating community group during the Activity Period.Token voucher rewards will be distributed within 28 business days after the Activity ends. Users may claim their voucher rewards via Profile > Rewards Hub. All token voucher rewards will expire within two weeks after distribution. Eligible users should claim their vouchers before the expiration date. Learn how to redeem a voucher.Binance reserves the right to disqualify any participants showing any signs of fraudulent behavior immediately.Binance reserves the right to cancel any reward(s) if it determines in its sole and absolute discretion that such user or winner has breached any applicable terms and conditions.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating or suspending these Activities, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all participants shall be bound by these amendments.Additional promotion terms and conditions can be accessed here.There may be discrepancies in the translated version of this original article in English. Please reference this original version for the latest or most accurate information where any discrepancies may arise.
Thank you for your support!
Binance Team
2024-04-08
All you need to know about Bitcoin halvingBitcoin halving refers to an event in which Bitcoin's block rewards are halved. By design, Bitcoin's block rewards automatically shrink by half around every four years. This means that the Bitcoin rewards that miners receive are halved, thus slowing down the supply. This mechanism aims to curb Bitcoin's inflation and drive up its value. Introduction Historical Bitcoin halvings The halving mechanism was coined by Satoshi Nakamoto in the Bitcoin whitepaper titled "A Peer-to-Peer Electronic Cash System". He stipulated that Bitcoin would undergo a process known as "halving" approximately every 210,000 blocks. This process continues until the maximum supply of 21 million Bitcoin is reached, which is projected to occur around 2140. Bitcoin was launched in 2009. Since then, it has gone through three halvings, meaning the block reward has been reduced three times. The first Bitcoin halving took place in November 2012, bringing down the reward from 50 BTC to 25 BTC. The second Bitcoin halving in July 2016 reduced the block reward further to 12.5 BTC. The most recent Bitcoin halving in May 2020 reduced the block reward even further to 6.25 BTC. The halving mechanism is critical to Bitcoin's scarcity and inflation, ensuring that its total supply never exceeds 21 million, in line with its deflationary principle. The next Bitcoin halving is expected to take place in April 2024, at a block height of 840,000. By then, Bitcoin's block reward will drop to 3.125 BTC. Ā How does the halving affect the price of Bitcoin? The implications of Bitcoin halving are usually seen as positive. The basic economic principle of supply and demand explains such implications. Bitcoin halvings reduce the block reward and slow down the supply of new Bitcoin, while demand usually remains constant or even increases. If supply decreases while demand remains constant or increases, then the price increases. The prior three Bitcoin halvings have historically been associated with significant price increases. Bitcoin's price surged by 8450% in 2012 after the first halving, increased by 2900% in 2016 after the second halving, and rose by 560% in 2020 after the third halving. Halvings may boost market confidence as they add to Bitcoin's scarcity. Investors may pour more assets into the Bitcoin market to snap up more Bitcoin, which will drive up the price. Additionally, halvings are likely to attract more media and public attention, further increasing the demand for Bitcoin. #HalvingHistory $BTC #BitcoinHalvingMassiveEvent

All you need to know about Bitcoin halving

Bitcoin halving refers to an event in which Bitcoin's block rewards are halved. By design, Bitcoin's block rewards automatically shrink by half around every four years. This means that the Bitcoin rewards that miners receive are halved, thus slowing down the supply. This mechanism aims to curb Bitcoin's inflation and drive up its value.
Introduction
Historical Bitcoin halvings
The halving mechanism was coined by Satoshi Nakamoto in the Bitcoin whitepaper titled "A Peer-to-Peer Electronic Cash System".
He stipulated that Bitcoin would undergo a process known as "halving" approximately every 210,000 blocks. This process continues until the maximum supply of 21 million Bitcoin is reached, which is projected to occur around 2140.
Bitcoin was launched in 2009. Since then, it has gone through three halvings, meaning the block reward has been reduced three times. The first Bitcoin halving took place in November 2012, bringing down the reward from 50 BTC to 25 BTC. The second Bitcoin halving in July 2016 reduced the block reward further to 12.5 BTC. The most recent Bitcoin halving in May 2020 reduced the block reward even further to 6.25 BTC. The halving mechanism is critical to Bitcoin's scarcity and inflation, ensuring that its total supply never exceeds 21 million, in line with its deflationary principle.
The next Bitcoin halving is expected to take place in April 2024, at a block height of 840,000. By then, Bitcoin's block reward will drop to 3.125 BTC.
Ā How does the halving affect the price of Bitcoin?
The implications of Bitcoin halving are usually seen as positive. The basic economic principle of supply and demand explains such implications. Bitcoin halvings reduce the block reward and slow down the supply of new Bitcoin, while demand usually remains constant or even increases. If supply decreases while demand remains constant or increases, then the price increases. The prior three Bitcoin halvings have historically been associated with significant price increases. Bitcoin's price surged by 8450% in 2012 after the first halving, increased by 2900% in 2016 after the second halving, and rose by 560% in 2020 after the third halving. Halvings may boost market confidence as they add to Bitcoin's scarcity. Investors may pour more assets into the Bitcoin market to snap up more Bitcoin, which will drive up the price. Additionally, halvings are likely to attract more media and public attention, further increasing the demand for Bitcoin.
#HalvingHistory $BTC #BitcoinHalvingMassiveEvent
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Bearish
#BitcoinHalvingMassiveEvent LESS THAN 5 HOURS LEFT OF THE MASSIVE EVENT! I'm pretty sure everyone is aware of the BTC halving event that's taking place today. We have talked a lot about this event in this channel. Block halving events happen everyĀ 4 yearsĀ orĀ 210,000 blocksĀ on Bitcoin blockchain. Bitcoin's initial block reward wasĀ 50 BTC. The current block reward isĀ 6.25 BTC, the next block reward will beĀ 3.125 BTC. This lowers the rate at which Bitcoins are generated. The halving is periodical and is programmed into Bitcoin's code. Let's hope this has a positive impact on the market :D
#BitcoinHalvingMassiveEvent

LESS THAN 5 HOURS LEFT OF THE MASSIVE EVENT!

I'm pretty sure everyone is aware of the BTC halving event that's taking place today. We have talked a lot about this event in this channel.

Block halving events happen everyĀ 4 yearsĀ orĀ 210,000 blocksĀ on Bitcoin blockchain. Bitcoin's initial block reward wasĀ 50 BTC. The current block reward isĀ 6.25 BTC, the next block reward will beĀ 3.125 BTC. This lowers the rate at which Bitcoins are generated. The halving is periodical and is programmed into Bitcoin's code.

Let's hope this has a positive impact on the market :D
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Bearish
News $BTC āš ļøāš ļø Bitcoin fell to the $65,500 mark as strong US data supported the view that the Federal Reserve will be slow to cut rates in June," said Edul Patel, CEO of Mudrex. On a similar line, Shivam Thakral, CEO of BuyUcoin, said, "Bitcoin made a pullback of more than 5% and plunged to $66,000. BTC reacted to US manufacturing sector data for March, which rose more than expected. The Bitcoin spot ETF volumes have also dried up compared to the volumes in March. Bitcoin and the crypto market is usually expected to be significantly volatile a few days before the Bitcoin halving. #Write2Earrn #BitcoinHalvingDrama #BitcoinHalvingMassiveEvent
News $BTC āš ļøāš ļø

Bitcoin fell to the $65,500 mark as strong US data supported the view that the Federal Reserve will be slow to cut rates in June," said Edul Patel, CEO of Mudrex. On a similar line, Shivam Thakral, CEO of BuyUcoin, said, "Bitcoin made a pullback of more than 5% and plunged to $66,000. BTC reacted to US manufacturing sector data for March, which rose more than expected. The Bitcoin spot ETF volumes have also dried up compared to the volumes in March. Bitcoin and the crypto market is usually expected to be significantly volatile a few days before the Bitcoin halving.

#Write2Earrn #BitcoinHalvingDrama
#BitcoinHalvingMassiveEvent
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