Bitcoinhalving
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What Bitcoiners Are Saying About the Upcoming Bitcoin Halving
On April 19, or whenever a bitcoin miner mines block number 840,000, the amount of bitcoin {{BTC}} entering into circulation will halve from about 900 a day to 450. This event, colloquially known as the halving (sometimes halvening), looms large in the Bitcoin mindshare, one of those things that makes Bitcoin Bitcoin. Perhaps because it only comes around on Leap Years (so far), bitcoiners tend to look forward to the halving more than most crypto holidays like Bitcoin Pizza Day or the anniversary of Satoshi Nakamoto publishing the white paper. But it won't be around forever.
This roundup is part of CoinDesk’s “Future of Bitcoin” package.
Once all 21 million bitcoins are mined, the halving will have served its purpose and cease (likely in 2140). Why did Nakamoto make it this way? No one knows. Just like there's no real insight into why he chose a 21 million cap or Jan. 9 as launch day. There are many, many guesstimates that try to make sense of these seemingly arbitrary elements of Bitcoin's design. Because if there's one thing certain about Bitcoin, it's that it tends to split opinions.
And so, with an event as anticipated as the halving there are certainly things to argue over. Is it "priced in" (meaning will the reduction in supply of bitcoins entering the market cause a rally)? Will the reduced revenues drive bitcoin miners bankrupt? Will this time be any different?
CoinDesk turned to the crypto community to get their say:
Priced in?
Haseeb Qureshi, managing partner at Dragonfly Capital:
I am a longtime halving nihilist. The halving is *what it means* for bitcoin to be deflationary. It's been priced in since the first time someone bought bitcoin because it has a fixed supply. The timing of the halving has been baked in since Bitcoin was first launched six years ago.
People drawing charts and rainbows and all this nonsense over an event that has deterministically happened four times (on an asset that already goes up almost every single year) is pseudoscientific nonsense. But whatever, it's a good story.
Austin Campbell, assistant professor at Columbia Business School:
As bitcoin gains more of a foothold in traditional finance, events that were drivers of past cycles like the halving will cease to have as much of an impact, if any. Portfolio allocators think in multi-year and multi-decade terms, and the impact of events like the halving will be muted as this market segment grows, just like any market growing from new to mainstream sees volatility due to small idiosyncratic events decrease as liquidity and scale increase.
Azeem Khan, co-founder of Morph:
My personal opinion is the halving is likely priced in. We’ve seen institutional capital inflows for months now since the bitcoin spot ETF was approved. And even before that we were seeing a lot of liquidity enter the market without seeing traditional signs that retail was buying with things like Coinbase being the number one app in the App Store. To me, that indicated it was already institutional money coming in. They’re not dumb and have likely been buying ahead of this. Larry Fink didn’t get to where he is by accident.
My personal philosophy in this space has tended to be that when everyone agrees something is going to happen, it generally doesn’t. Similar to when we had Elon being a clown on SNL pumping $DOGE in 2021 and everyone had agreed it was going to $1, it dumped.
The investing approach I abide by has always been to dollar cost average. Pick an amount you’re willing to lose, set an auto buy for that amount of whichever assets you’ve done your research on, continue to buy over the long term every X period, and never look at the price. If you’re investing with a long term approach in mind, this will help you beat out 99% of the noise you see from gambling addicts, some of which turned out to be the lottery winners of Crypto Twitter when zooming out through the years.
Not priced in
Edan Yago, founder of Sovryn:
Definitely not priced in. Not even close. This is the most important halving since the first. This halving will bring new assets to Bitcoin in the form of Runes and the coming cycle will see Bitcoin Rollups add scalability and programmability to Bitcoin. Bitcoin block space will go from cheap to the scarcest computing resource in the world.
Ogle, founder of Glue:
I think this halving is distinct from prior ones because of the significant increase in capital coming into the market because of the ETF approvals. So you have a reduction of supply because of the halving itself, combined with increased demand from the ETFs — basic economic principles say this should result in a higher price. My guess is the halving has partially been priced in, but I don't think people quite realize the magnitude of buy pressure that is coming in via the ETFs — and that buy pressure is in my view going to significantly impact the price of BTC upward.
Uncle Rockstar Developer, core contributor to BTCPay:
Given the historical data — 9,575% increase post-2012, 3,233% post-2016, and 667% post-2020 — it's not a question of if the BTC/USD price will rise after this halving, but rather by how much. Feel free to quote me on that.
This time it’s different
Ed Hindi, chief investment officer at Tyr Capital:
Bitcoin remains a viable doomsday asset in 2024, as its correlation to gold recently increased, and investors continue to diversify away from traditional financial assets. The ETF is currently spearheading this doomsday rally and we should expect $120,000 to be hit in the coming months as global geopolitics continues to deteriorate and the middle classes continue to find ways to protect their wealth.
We believe that price action ahead and post-halving is going to be different from past events as there are new variables affecting bitcoin. The combination of an uncertain geopolitical situation, choppy U.S. spot ETF flows, record leverage and recalibration of the U.S. Federal Reserve monetary policy is going to create an explosive combo and lead to extremely volatile market conditions. We would not be surprised to see BTC trade as low as $55,000 and as high as $75,000 in the coming couple of weeks. We remain very bullish into year-end though and consider $120,000 to be a realistic target.
Roger Ver, creator of Bitcoin Cash:
Nothing special happened for the last three halvings. I don’t expect this time to be any different.
See also: The Bitcoin Halving Really Is Different This Time
Kadan Stadelmann, chief technology officer of Komodo Platform:
The biggest difference between the 2020 halving and the 2024 halving is skyrocketing institutional demand. Prior to the previous halving, institutions were on the sidelines. The market was dominated by retail investors. Since then, the market dynamic has drastically shifted. As one example, MicroStrategy didn’t make its first BTC purchase until August 2020. As of April 2024, the company reportedly holds 214, 246 BTC (roughly $13.625 billion). Of the 21 million bitcoins that will ever exist, around 12.27% currently belong to publicly traded and private companies, ETFs and countries.
Adam Blumberg, co-founder of Interaxis:
The halving will have likely an impact on the price, as we have greater demand than ever from ETF investors, bitcoin hodlers and even corporations, and we're coupling that with decreasing new supply. We'll also see impact on miners who have tremendous capital and electricity outlays, and will get their production cut in half.
Impact on mining
Colin Harper, researcher and writer for Luxor Technology’s Hashrate Index:
This halving could be unprecedented with regards to how it affects Bitcoin's total network hashrate. It's plausible that we see no hashrate come offline after the halving, or that we will see the smallest decrease in network hashrate after any other halving event in Bitcoin's history. Mining margins won't be as good after the halving as they are now, obviously, but they won't be horrendous. And if the new Runes fungible token protocol makes a significant impact on transaction fees, then margins will be healthy enough to keep miners with higher costs online for longer than not.
For comparison, Bitcoin's hash rate declined 15% after the 2020 halving, 5% after 2016's halving, and 13% after 2012.
See also: Why Bitcoin Halving Calculators Are Out of Sync
Joe Downie, chief marketing officer at NiceHash:
This halving is different, we will likely see less volatility than previous ones, for a few reasons: one is that Bitcoin mining is far stronger than it has ever been before in terms of hashrate, another is the level of legitimacy Bitcoin has gotten recently due to institutional funds and ETFs, plus the fact that a lot of people are in “wait and see” mode. This makes for a far more stable basis for BTC to hold its current value and gradually increase over the course of this year. There may be some short term volatility during the following week or two after the halving, but I expect things to stabilize quickly after that.
Troy Cross, professor of philosophy at Reed College:
There are two sides of the halving story: price impact and mining impact. On the price side, I don't have anything to say. The "supply shock *should* be priced in, but every time I have thought that and every time I've been wrong. I won't pretend to read the collective psyche. With everyone anticipating that everyone else is irrational and *not* pricing it in, who knows what will happen?
I tweeted recently about the U.S. government’s holdings of bitcoin, over 200,000 bitcoins, and much of it Silk Road seizure. In terms of the impact on supply, that's at least as important as the halving event.
Trigger warning: FUD post.The US Government has 215k btc. Germany has 50k. MSTR has 214k and GBTC has 340k.So the USG has the same stack as MSTR.At post-halving issuance rates, the USG stack is 1.3 years’ worth of mining.So how is the halving a big deal while this…
— Troy Cross (@thetrocro) March 31, 2024
But on the mining side, the halving does get me excited.
The halving will force miners to seek out even cheaper power than they already have. Some miners will go under, selling off their equipment to those with more efficient operations.
The breakeven point for profitably running an ASIC will nearly drop in half. Miners will start curtailing more often, particularly their older machines.
What happens next depends on bitcoin's price action, but if prices do not rise dramatically, we will see a dip in hashrate while ASICs find cheaper homes, and then mining will settle into its "dung beetle" role, consuming only wasted, stranded energy.
The differences between a cost-sensitive consumer of energy like bitcoin and traditional data centers or AI data centers--or really any other electricity consumer--are already clear, but after the halving, bitcoin's flexibility — shutting down whenever electricity prices rise — and its opportunism, finding pockets of currently-stranded energy, bottlenecked by transmission constraints, will be even more dramatic.
Effects on adoption
Peter Todd, founder of OpenTimestamps and Bitcoin Core developer:
The halving is one of the dumbest parts of how Bitcoin was designed. If you're going to reduce subsidy over time, the right way to do it is gradually, rather than shocking the system every four years. Fortunately fees are getting higher, so the risk of havings is reducing. Hopefully this one goes alright.
Fortunately fees are getting higher, so the risk of havings is reducing. Hopefully this one goes alright.
Alex Thorn, head of research at Galaxy Digital:
The Bitcoin halving is the programmatic mechanism that creates and enforces bitcoin’s most famous quality: its scarcity. While this fourth halving reduction in new daily issuance from ~900 BTC to ~450 BTC is small in absolute terms and relative to BTC’s daily float of $10-$25 billion, nonetheless prices are set on the margin. But beyond any supply impact – which I believe is marginal – this is the first halving in which major U.S. asset managers are educating on Bitcoin, and there’s no better Bitcoin education than learning about the halving. It’s a narrative event first – a quadrennial market moment – and a supply event second, though I think both aspects will be impactful.
Tatiana Koffman, general partner at Moonwalker Capital and author of the Myth of Money newsletter:
The most significant impact of the Bitcoin halving is its influence on the energy input and mining difficulty of Bitcoin, which inherently supports a higher baseline price for the cryptocurrency.
This phenomenon can be closely likened to gold mining, where the principle of scarcity plays a crucial role. As more gold is extracted, the remaining reserves become increasingly scarce, making it more challenging and costly to find and extract new deposits. This requires more investment in exploration and advanced machinery for mining and processing the gold.
See also: Will the Next Bitcoin Halving Be Another Hype Cycle?
Similarly, Bitcoin's scarcity is engineered through a difficulty adjustment algorithm that halves the mining rewards roughly every four years. This not only reduces the rate at which new Bitcoins are introduced but also adjusts the mining difficulty to maintain a steady rate of block creation, regardless of the total computational power on the network. This mechanism ensures that as Bitcoin becomes scarcer, the effort and cost to mine it increase, supporting its price over time.
The halving mechanism is fundamental to preserving Bitcoin's integrity as a store of value. It underscores the cryptocurrency's deflationary nature, which is critical for its long-term valuation and the security of its network. By intentionally reducing the influx of new Bitcoins, the halving events reinforce Bitcoin's status as a digital equivalent of gold, making it a potentially attractive option for future generations looking for reliable value preservation in the face of inflationary fiat currencies.
Bradley Rettler, philosophy professor at the University of Wyoming:
The bitcoin halving has two purposes. The first is to attract attention, thereby drawing ever more people into the network. The second is to reassure people that the rules are still in charge.
Anil Lulla, co-founder of Delphi Digital:
I think the halving is always just a great marketing event built into Bitcoin every four years. It obviously has an impact on its supply, but more than that it gets everyone to pay attention to the asset and how it works. I think this halving is extra special because of two things (1) The ETF and (2) the Bitcoin Renaissance happening right now. The ETF is straightforward and widely covered, so I’ll focus on (2). Ordinals, Runes and BRC-20s. I don’t think the Bitcoin ecosystem has had this much excitement around it in years. It’s driving a lot of attention, experimentation and innovation to Bitcoin at a time when it’s much needed.
Burak Tamac, adjunct professor at Montclair State University:
The Bitcoin halving reduces barriers to adoption in three key ways:
1. The concept is not only easy to understand, but we need something to contrast when learning new concepts.
2. Comparing the halving to fiat money supply highlights the direct contrast between the two. However, these two factors alone won't drive rapid mass adoption. This is where the third point becomes crucial:
3. It is also very easy to explain. New bitcoiners can quickly understand and convincingly share the concept with others.
What distinguishes this halving is that not only bitcoiners but also major financial institutions have been educating their clients about its importance.
What critics say
Molly White, author the Citation Needed newsletter:
Although responsible investment advisers will often warn that "past performance is no guarantee of future results", that's largely the kind of thought process that goes into predictions for the halving. "Number went up last time, so number go up again". More sophisticated explainers might delve into supply and demand, suggesting that the gradual closing of the bitcoin faucet amid roughly steady demand is what drives prices higher. Either way, some people are piling into bitcoin in belief of guaranteed double-your-money returns, if not better.
These folks might do well to be a bit more cautious.
See also: How the Bitcoin Halving Could Affect Network Security
Gwern, polymath: Bitcoin has been boring for a long time. I can't think of a single thing about Bitcoin in the past four years I'd actually feel excited to write about. even stuff like Lightning slowly whimpering out should've been old news in 2020.
Bennett Tomlin, head of research at Protos:
The Bitcoin halving serves the important function of reducing the incentives to waste energy on Bitcoin and ensuring that many poorly run bitcoin miners will once again be forced to confront the challenging economics of their businesses.
Bitfinex'ed, Tether critic:
It’s not events that dictate price in crypto, prices in this market are determined by the heads of the market, notably Tether and their co-conspirators.
If you want a quote from an influential person, Giancarlo Devasini, the CFO of Tether.
“Illiquid markets such as bitcoin are easy prey for manipulation”, being as the primary trading pair is Tether and not the U.S. dollar, the prices are whatever he wants them to be.
This roundup is part of CoinDesk’s “Future of Bitcoin” package.
Once all 21 million bitcoins are mined, the halving will have served its purpose and cease (likely in 2140). Why did Nakamoto make it this way? No one knows. Just like there's no real insight into why he chose a 21 million cap or Jan. 9 as launch day. There are many, many guesstimates that try to make sense of these seemingly arbitrary elements of Bitcoin's design. Because if there's one thing certain about Bitcoin, it's that it tends to split opinions.
And so, with an event as anticipated as the halving there are certainly things to argue over. Is it "priced in" (meaning will the reduction in supply of bitcoins entering the market cause a rally)? Will the reduced revenues drive bitcoin miners bankrupt? Will this time be any different?
CoinDesk turned to the crypto community to get their say:
Priced in?
Haseeb Qureshi, managing partner at Dragonfly Capital:
I am a longtime halving nihilist. The halving is *what it means* for bitcoin to be deflationary. It's been priced in since the first time someone bought bitcoin because it has a fixed supply. The timing of the halving has been baked in since Bitcoin was first launched six years ago.
People drawing charts and rainbows and all this nonsense over an event that has deterministically happened four times (on an asset that already goes up almost every single year) is pseudoscientific nonsense. But whatever, it's a good story.
Austin Campbell, assistant professor at Columbia Business School:
As bitcoin gains more of a foothold in traditional finance, events that were drivers of past cycles like the halving will cease to have as much of an impact, if any. Portfolio allocators think in multi-year and multi-decade terms, and the impact of events like the halving will be muted as this market segment grows, just like any market growing from new to mainstream sees volatility due to small idiosyncratic events decrease as liquidity and scale increase.
Azeem Khan, co-founder of Morph:
My personal opinion is the halving is likely priced in. We’ve seen institutional capital inflows for months now since the bitcoin spot ETF was approved. And even before that we were seeing a lot of liquidity enter the market without seeing traditional signs that retail was buying with things like Coinbase being the number one app in the App Store. To me, that indicated it was already institutional money coming in. They’re not dumb and have likely been buying ahead of this. Larry Fink didn’t get to where he is by accident.
My personal philosophy in this space has tended to be that when everyone agrees something is going to happen, it generally doesn’t. Similar to when we had Elon being a clown on SNL pumping $DOGE in 2021 and everyone had agreed it was going to $1, it dumped.
The investing approach I abide by has always been to dollar cost average. Pick an amount you’re willing to lose, set an auto buy for that amount of whichever assets you’ve done your research on, continue to buy over the long term every X period, and never look at the price. If you’re investing with a long term approach in mind, this will help you beat out 99% of the noise you see from gambling addicts, some of which turned out to be the lottery winners of Crypto Twitter when zooming out through the years.
Not priced in
Edan Yago, founder of Sovryn:
Definitely not priced in. Not even close. This is the most important halving since the first. This halving will bring new assets to Bitcoin in the form of Runes and the coming cycle will see Bitcoin Rollups add scalability and programmability to Bitcoin. Bitcoin block space will go from cheap to the scarcest computing resource in the world.
Ogle, founder of Glue:
I think this halving is distinct from prior ones because of the significant increase in capital coming into the market because of the ETF approvals. So you have a reduction of supply because of the halving itself, combined with increased demand from the ETFs — basic economic principles say this should result in a higher price. My guess is the halving has partially been priced in, but I don't think people quite realize the magnitude of buy pressure that is coming in via the ETFs — and that buy pressure is in my view going to significantly impact the price of BTC upward.
Uncle Rockstar Developer, core contributor to BTCPay:
Given the historical data — 9,575% increase post-2012, 3,233% post-2016, and 667% post-2020 — it's not a question of if the BTC/USD price will rise after this halving, but rather by how much. Feel free to quote me on that.
This time it’s different
Ed Hindi, chief investment officer at Tyr Capital:
Bitcoin remains a viable doomsday asset in 2024, as its correlation to gold recently increased, and investors continue to diversify away from traditional financial assets. The ETF is currently spearheading this doomsday rally and we should expect $120,000 to be hit in the coming months as global geopolitics continues to deteriorate and the middle classes continue to find ways to protect their wealth.
We believe that price action ahead and post-halving is going to be different from past events as there are new variables affecting bitcoin. The combination of an uncertain geopolitical situation, choppy U.S. spot ETF flows, record leverage and recalibration of the U.S. Federal Reserve monetary policy is going to create an explosive combo and lead to extremely volatile market conditions. We would not be surprised to see BTC trade as low as $55,000 and as high as $75,000 in the coming couple of weeks. We remain very bullish into year-end though and consider $120,000 to be a realistic target.
Roger Ver, creator of Bitcoin Cash:
Nothing special happened for the last three halvings. I don’t expect this time to be any different.
See also: The Bitcoin Halving Really Is Different This Time
Kadan Stadelmann, chief technology officer of Komodo Platform:
The biggest difference between the 2020 halving and the 2024 halving is skyrocketing institutional demand. Prior to the previous halving, institutions were on the sidelines. The market was dominated by retail investors. Since then, the market dynamic has drastically shifted. As one example, MicroStrategy didn’t make its first BTC purchase until August 2020. As of April 2024, the company reportedly holds 214, 246 BTC (roughly $13.625 billion). Of the 21 million bitcoins that will ever exist, around 12.27% currently belong to publicly traded and private companies, ETFs and countries.
Adam Blumberg, co-founder of Interaxis:
The halving will have likely an impact on the price, as we have greater demand than ever from ETF investors, bitcoin hodlers and even corporations, and we're coupling that with decreasing new supply. We'll also see impact on miners who have tremendous capital and electricity outlays, and will get their production cut in half.
Impact on mining
Colin Harper, researcher and writer for Luxor Technology’s Hashrate Index:
This halving could be unprecedented with regards to how it affects Bitcoin's total network hashrate. It's plausible that we see no hashrate come offline after the halving, or that we will see the smallest decrease in network hashrate after any other halving event in Bitcoin's history. Mining margins won't be as good after the halving as they are now, obviously, but they won't be horrendous. And if the new Runes fungible token protocol makes a significant impact on transaction fees, then margins will be healthy enough to keep miners with higher costs online for longer than not.
For comparison, Bitcoin's hash rate declined 15% after the 2020 halving, 5% after 2016's halving, and 13% after 2012.
See also: Why Bitcoin Halving Calculators Are Out of Sync
Joe Downie, chief marketing officer at NiceHash:
This halving is different, we will likely see less volatility than previous ones, for a few reasons: one is that Bitcoin mining is far stronger than it has ever been before in terms of hashrate, another is the level of legitimacy Bitcoin has gotten recently due to institutional funds and ETFs, plus the fact that a lot of people are in “wait and see” mode. This makes for a far more stable basis for BTC to hold its current value and gradually increase over the course of this year. There may be some short term volatility during the following week or two after the halving, but I expect things to stabilize quickly after that.
Troy Cross, professor of philosophy at Reed College:
There are two sides of the halving story: price impact and mining impact. On the price side, I don't have anything to say. The "supply shock *should* be priced in, but every time I have thought that and every time I've been wrong. I won't pretend to read the collective psyche. With everyone anticipating that everyone else is irrational and *not* pricing it in, who knows what will happen?
I tweeted recently about the U.S. government’s holdings of bitcoin, over 200,000 bitcoins, and much of it Silk Road seizure. In terms of the impact on supply, that's at least as important as the halving event.
Trigger warning: FUD post.The US Government has 215k btc. Germany has 50k. MSTR has 214k and GBTC has 340k.So the USG has the same stack as MSTR.At post-halving issuance rates, the USG stack is 1.3 years’ worth of mining.So how is the halving a big deal while this…
— Troy Cross (@thetrocro) March 31, 2024
But on the mining side, the halving does get me excited.
The halving will force miners to seek out even cheaper power than they already have. Some miners will go under, selling off their equipment to those with more efficient operations.
The breakeven point for profitably running an ASIC will nearly drop in half. Miners will start curtailing more often, particularly their older machines.
What happens next depends on bitcoin's price action, but if prices do not rise dramatically, we will see a dip in hashrate while ASICs find cheaper homes, and then mining will settle into its "dung beetle" role, consuming only wasted, stranded energy.
The differences between a cost-sensitive consumer of energy like bitcoin and traditional data centers or AI data centers--or really any other electricity consumer--are already clear, but after the halving, bitcoin's flexibility — shutting down whenever electricity prices rise — and its opportunism, finding pockets of currently-stranded energy, bottlenecked by transmission constraints, will be even more dramatic.
Effects on adoption
Peter Todd, founder of OpenTimestamps and Bitcoin Core developer:
The halving is one of the dumbest parts of how Bitcoin was designed. If you're going to reduce subsidy over time, the right way to do it is gradually, rather than shocking the system every four years. Fortunately fees are getting higher, so the risk of havings is reducing. Hopefully this one goes alright.
Fortunately fees are getting higher, so the risk of havings is reducing. Hopefully this one goes alright.
Alex Thorn, head of research at Galaxy Digital:
The Bitcoin halving is the programmatic mechanism that creates and enforces bitcoin’s most famous quality: its scarcity. While this fourth halving reduction in new daily issuance from ~900 BTC to ~450 BTC is small in absolute terms and relative to BTC’s daily float of $10-$25 billion, nonetheless prices are set on the margin. But beyond any supply impact – which I believe is marginal – this is the first halving in which major U.S. asset managers are educating on Bitcoin, and there’s no better Bitcoin education than learning about the halving. It’s a narrative event first – a quadrennial market moment – and a supply event second, though I think both aspects will be impactful.
Tatiana Koffman, general partner at Moonwalker Capital and author of the Myth of Money newsletter:
The most significant impact of the Bitcoin halving is its influence on the energy input and mining difficulty of Bitcoin, which inherently supports a higher baseline price for the cryptocurrency.
This phenomenon can be closely likened to gold mining, where the principle of scarcity plays a crucial role. As more gold is extracted, the remaining reserves become increasingly scarce, making it more challenging and costly to find and extract new deposits. This requires more investment in exploration and advanced machinery for mining and processing the gold.
See also: Will the Next Bitcoin Halving Be Another Hype Cycle?
Similarly, Bitcoin's scarcity is engineered through a difficulty adjustment algorithm that halves the mining rewards roughly every four years. This not only reduces the rate at which new Bitcoins are introduced but also adjusts the mining difficulty to maintain a steady rate of block creation, regardless of the total computational power on the network. This mechanism ensures that as Bitcoin becomes scarcer, the effort and cost to mine it increase, supporting its price over time.
The halving mechanism is fundamental to preserving Bitcoin's integrity as a store of value. It underscores the cryptocurrency's deflationary nature, which is critical for its long-term valuation and the security of its network. By intentionally reducing the influx of new Bitcoins, the halving events reinforce Bitcoin's status as a digital equivalent of gold, making it a potentially attractive option for future generations looking for reliable value preservation in the face of inflationary fiat currencies.
Bradley Rettler, philosophy professor at the University of Wyoming:
The bitcoin halving has two purposes. The first is to attract attention, thereby drawing ever more people into the network. The second is to reassure people that the rules are still in charge.
Anil Lulla, co-founder of Delphi Digital:
I think the halving is always just a great marketing event built into Bitcoin every four years. It obviously has an impact on its supply, but more than that it gets everyone to pay attention to the asset and how it works. I think this halving is extra special because of two things (1) The ETF and (2) the Bitcoin Renaissance happening right now. The ETF is straightforward and widely covered, so I’ll focus on (2). Ordinals, Runes and BRC-20s. I don’t think the Bitcoin ecosystem has had this much excitement around it in years. It’s driving a lot of attention, experimentation and innovation to Bitcoin at a time when it’s much needed.
Burak Tamac, adjunct professor at Montclair State University:
The Bitcoin halving reduces barriers to adoption in three key ways:
1. The concept is not only easy to understand, but we need something to contrast when learning new concepts.
2. Comparing the halving to fiat money supply highlights the direct contrast between the two. However, these two factors alone won't drive rapid mass adoption. This is where the third point becomes crucial:
3. It is also very easy to explain. New bitcoiners can quickly understand and convincingly share the concept with others.
What distinguishes this halving is that not only bitcoiners but also major financial institutions have been educating their clients about its importance.
What critics say
Molly White, author the Citation Needed newsletter:
Although responsible investment advisers will often warn that "past performance is no guarantee of future results", that's largely the kind of thought process that goes into predictions for the halving. "Number went up last time, so number go up again". More sophisticated explainers might delve into supply and demand, suggesting that the gradual closing of the bitcoin faucet amid roughly steady demand is what drives prices higher. Either way, some people are piling into bitcoin in belief of guaranteed double-your-money returns, if not better.
These folks might do well to be a bit more cautious.
See also: How the Bitcoin Halving Could Affect Network Security
Gwern, polymath: Bitcoin has been boring for a long time. I can't think of a single thing about Bitcoin in the past four years I'd actually feel excited to write about. even stuff like Lightning slowly whimpering out should've been old news in 2020.
Bennett Tomlin, head of research at Protos:
The Bitcoin halving serves the important function of reducing the incentives to waste energy on Bitcoin and ensuring that many poorly run bitcoin miners will once again be forced to confront the challenging economics of their businesses.
Bitfinex'ed, Tether critic:
It’s not events that dictate price in crypto, prices in this market are determined by the heads of the market, notably Tether and their co-conspirators.
If you want a quote from an influential person, Giancarlo Devasini, the CFO of Tether.
“Illiquid markets such as bitcoin are easy prey for manipulation”, being as the primary trading pair is Tether and not the U.S. dollar, the prices are whatever he wants them to be.
Friend: "Investing in crypto is too risky!"
Me: Pulls out phone, buys Memereum (MEME)
Me: "Hold my laughing beer."
#Meme #Bitcoinhalving #MEME #Defin #Blockchain
Me: Pulls out phone, buys Memereum (MEME)
Me: "Hold my laughing beer."
#Meme #Bitcoinhalving #MEME #Defin #Blockchain
The next #Bitcoinhalving is anticipated to occur in mid-April 2024, with April 20 being the most likely date. However, the exact date will depend on network factors that influence block generation speed. This event will reduce the block reward from 6.25 BTC to 3.125 BTC.
The effect of Bitcoin halving on its price is a subject of much speculation and analysis. Historically, Bitcoin has experienced significant price increases following past halving events. On average, the price returned gains of 3,230% within one year after each halving. As the upcoming halving approaches, there’s intense market speculation, with some predicting a potential surge in Bitcoin’s price.
The halving reduces the rate at which new bitcoins are created, which could create a scarcity effect if demand remains the same or increases. This scarcity could potentially drive the price upward. However, it’s important to note that the crypto markets are highly volatile and speculative, and many factors can influence Bitcoin’s price. Therefore, while the halving event is significant, it’s just one of many elements that could affect the price of Bitcoin
The concept of scarcity in economics refers to the fundamental fact that we have limited resources to satisfy unlimited wants and needs. It’s a situation where the demand for a good or service exceeds the available supply if it were free.
Here’s a more detailed explanation: in the context of Bitcoin, the concept of scarcity is related to the limited supply of bitcoins that will ever be created – capped at 21 million. The halving event, which cuts the reward for mining new blocks in half, is an example of a mechanism that introduces scarcity to control inflation and potentially increase the value of the currency over time due to reduced supply. This scarcity can drive up the price if demand remains strong or increases, as there will be fewer new bitcoins entering circulation. However, it’s important to remember that market prices are influenced by a multitude of factors, and scarcity is just one of them
The effect of Bitcoin halving on its price is a subject of much speculation and analysis. Historically, Bitcoin has experienced significant price increases following past halving events. On average, the price returned gains of 3,230% within one year after each halving. As the upcoming halving approaches, there’s intense market speculation, with some predicting a potential surge in Bitcoin’s price.
The halving reduces the rate at which new bitcoins are created, which could create a scarcity effect if demand remains the same or increases. This scarcity could potentially drive the price upward. However, it’s important to note that the crypto markets are highly volatile and speculative, and many factors can influence Bitcoin’s price. Therefore, while the halving event is significant, it’s just one of many elements that could affect the price of Bitcoin
The concept of scarcity in economics refers to the fundamental fact that we have limited resources to satisfy unlimited wants and needs. It’s a situation where the demand for a good or service exceeds the available supply if it were free.
Here’s a more detailed explanation: in the context of Bitcoin, the concept of scarcity is related to the limited supply of bitcoins that will ever be created – capped at 21 million. The halving event, which cuts the reward for mining new blocks in half, is an example of a mechanism that introduces scarcity to control inflation and potentially increase the value of the currency over time due to reduced supply. This scarcity can drive up the price if demand remains strong or increases, as there will be fewer new bitcoins entering circulation. However, it’s important to remember that market prices are influenced by a multitude of factors, and scarcity is just one of them
--ShortPost--
#Bitcoinhalving will happen in ~13 Hours!
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#Bitcoinhalving will happen in ~13 Hours!
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#Bitcoin has made a clear upward move, as seen in the daily and 12-hour candlestick charts. Expecting a retracing back to a support area for a retest, with expectations of continuing upward.
However, it's currently trading below the Ichimoku cloud. To boost confidence among buyers, Bitcoin needs to climb above this cloud.
On the other hand, there's a lot of activity on the blockchain, showing that the market is handling the pressure well.
Stay tuned for more updates
DYOR, NFA
#Crypto #Bitcoinhalving #Bitcoin
However, it's currently trading below the Ichimoku cloud. To boost confidence among buyers, Bitcoin needs to climb above this cloud.
On the other hand, there's a lot of activity on the blockchain, showing that the market is handling the pressure well.
Stay tuned for more updates
DYOR, NFA
#Crypto #Bitcoinhalving #Bitcoin
JPMorgan Warns of Bitcoin Halving Stress Test for Miners
CryptosHeadlines.com - The Leading Crypto Research Network:
JPMorgan analysts say that, the #Bitcoinhalving could lead to a shakeout among miners, with those with higher costs being forced to exit the market.
The upcoming Bitcoin halving will be a test for miners, as it will reduce rewards and increase costs. Miners with lower electricity costs will be more likely to survive, while those with higher costs may struggle.
The Bitcoin halving is an event that happens about every four years, cutting the reward for mining new Bitcoin blocks in half. This helps regulate inflation and preserve Bitcoin’s scarcity.
Bitcoin’s halving is typically viewed as a positive factor for Bitcoin’s price, but it presents challenges for miners due to the cost of production serving as a price floor, as per JPMorgan analysts.
Electricity Cost Impact on Bitcoin Production Cost Doubles Post-Halving:
According to the analysts, a historical change of one cent per kWh in electricity cost has affected Bitcoin production cost by $4,300. However, after the halving event, this sensitivity doubles to $8,600, rendering higher-cost producers more susceptible, as per the analysts’ findings.
The analysts note that competition among #Bitcoin miners is growing as the Bitcoin hash rate, which represents the overall computational power for mining the cryptocurrency, continues to increase before the halving event.
However, they anticipate that after the halving, the hash rate may not rise as rapidly unless the Bitcoin price surpasses its production cost or transaction fees substantially increase to offset the reduced issuance rewards.
The analysts concluded that the decrease in hype surrounding #Bitcoin presents an additional challenge for miners’ revenues.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
$BTC $ETH $BNB
JPMorgan analysts say that, the #Bitcoinhalving could lead to a shakeout among miners, with those with higher costs being forced to exit the market.
The upcoming Bitcoin halving will be a test for miners, as it will reduce rewards and increase costs. Miners with lower electricity costs will be more likely to survive, while those with higher costs may struggle.
The Bitcoin halving is an event that happens about every four years, cutting the reward for mining new Bitcoin blocks in half. This helps regulate inflation and preserve Bitcoin’s scarcity.
Bitcoin’s halving is typically viewed as a positive factor for Bitcoin’s price, but it presents challenges for miners due to the cost of production serving as a price floor, as per JPMorgan analysts.
Electricity Cost Impact on Bitcoin Production Cost Doubles Post-Halving:
According to the analysts, a historical change of one cent per kWh in electricity cost has affected Bitcoin production cost by $4,300. However, after the halving event, this sensitivity doubles to $8,600, rendering higher-cost producers more susceptible, as per the analysts’ findings.
The analysts note that competition among #Bitcoin miners is growing as the Bitcoin hash rate, which represents the overall computational power for mining the cryptocurrency, continues to increase before the halving event.
However, they anticipate that after the halving, the hash rate may not rise as rapidly unless the Bitcoin price surpasses its production cost or transaction fees substantially increase to offset the reduced issuance rewards.
The analysts concluded that the decrease in hype surrounding #Bitcoin presents an additional challenge for miners’ revenues.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
$BTC $ETH $BNB
CZ Binance and other crypto experts begin Bitcoin halving countdown; here's what to know and how to prepare💥🚀
The crypto community is eagerly anticipating the upcoming Bitcoin halving, an event that occurs every four years and reduces the market supply of new #Bitcoin in half.
With the next halving scheduled for April 2024, the Bitcoin mining reward will be cut from 6.25 BTC per block to 3.125 $BTC per block.
Bitcoin halving has historically been linked to bullish momentum for the BTC price due to supply and demand dynamics. The halving of new supply amid growing demand typically pushes the BTC price to new highs in the months following the event.
During the last bull cycle, which started with the halving in May 2020, the BTC price traded under $10,000 almost two months before the halving.
However, pre-halving bullish momentum saw BTC's price surpass the previous cycle's all-time high of around $17,000. After the halving, the BTC price broke into parabolic momentum and touched a new all-time high of almost $69,000!
☑️Here's a breakdown of the different phases of a BTC bull cycle🔄 :
✅Pre-halving rally: Investors tend to "Buy the Hype" to "Sell the News," leading to a surge in BTC price.
✅Pre-halving retrace: A price correction typically occurs around the time of the actual halving.
✅Re-accumulation phase: BTC price starts to accumulate again, often accompanied by investor impatience and disappointment.
🚀Parabolic surge: Bitcoin breaks out from the re-accumulation area to touch new highs.
To prepare for the upcoming halving, consider the following:
1️⃣ Invest only what you can afford to lose.
2️⃣Employ a long-term investment horizon.
3️⃣Diversify your portfolio across multiple crypto assets or #altcoin
Remember, #Bitcoinhalving is a recurring event that has consistently been followed by bullish momentum for the BTC price. While past performance is not a guarantee of future results, understanding the halving cycle and preparing accordingly can help you navigate the market and make informed investment decisions.
The crypto community is eagerly anticipating the upcoming Bitcoin halving, an event that occurs every four years and reduces the market supply of new #Bitcoin in half.
With the next halving scheduled for April 2024, the Bitcoin mining reward will be cut from 6.25 BTC per block to 3.125 $BTC per block.
Bitcoin halving has historically been linked to bullish momentum for the BTC price due to supply and demand dynamics. The halving of new supply amid growing demand typically pushes the BTC price to new highs in the months following the event.
During the last bull cycle, which started with the halving in May 2020, the BTC price traded under $10,000 almost two months before the halving.
However, pre-halving bullish momentum saw BTC's price surpass the previous cycle's all-time high of around $17,000. After the halving, the BTC price broke into parabolic momentum and touched a new all-time high of almost $69,000!
☑️Here's a breakdown of the different phases of a BTC bull cycle🔄 :
✅Pre-halving rally: Investors tend to "Buy the Hype" to "Sell the News," leading to a surge in BTC price.
✅Pre-halving retrace: A price correction typically occurs around the time of the actual halving.
✅Re-accumulation phase: BTC price starts to accumulate again, often accompanied by investor impatience and disappointment.
🚀Parabolic surge: Bitcoin breaks out from the re-accumulation area to touch new highs.
To prepare for the upcoming halving, consider the following:
1️⃣ Invest only what you can afford to lose.
2️⃣Employ a long-term investment horizon.
3️⃣Diversify your portfolio across multiple crypto assets or #altcoin
Remember, #Bitcoinhalving is a recurring event that has consistently been followed by bullish momentum for the BTC price. While past performance is not a guarantee of future results, understanding the halving cycle and preparing accordingly can help you navigate the market and make informed investment decisions.
NEWS 🔥🔥
PARAGUAY BANS CRYPTO MINNING
Most crypto currencies depend on minning to confirm transactions and introduce new coins into circulation. BTC depends solely on minning for the creation of new Bitcoins. With Bitcoin halving around the corner, though not directly, it can affect energy imput indirectly. Other projects like LTC, BCH, and XMR also depend on minning.
Because crypto currency minning requires a lot of energy, there are environmental concerns. Concentrated in areas where electricity is not expensive, minning crypto currency, the sustainability depends heavily on innovation, energy efficient technologies, and the integration of renewable energy to reduce environmental impact.
With Paraguay's faces power struggle, law markers in the country have banned crypto minning due to illegal farms devastating effect on the nations electricity supply.
The ban prohibits the installation of crypto mining farms, storage, and the commercialization of crypto currencies for 180 days.
#write2earn #Bitcoinhalving #BullorBear
PARAGUAY BANS CRYPTO MINNING
Most crypto currencies depend on minning to confirm transactions and introduce new coins into circulation. BTC depends solely on minning for the creation of new Bitcoins. With Bitcoin halving around the corner, though not directly, it can affect energy imput indirectly. Other projects like LTC, BCH, and XMR also depend on minning.
Because crypto currency minning requires a lot of energy, there are environmental concerns. Concentrated in areas where electricity is not expensive, minning crypto currency, the sustainability depends heavily on innovation, energy efficient technologies, and the integration of renewable energy to reduce environmental impact.
With Paraguay's faces power struggle, law markers in the country have banned crypto minning due to illegal farms devastating effect on the nations electricity supply.
The ban prohibits the installation of crypto mining farms, storage, and the commercialization of crypto currencies for 180 days.
#write2earn #Bitcoinhalving #BullorBear
Hello everyone
As we see #Bitcoin made new all time high, which means all the alt coins followed him. What I would consider is #Bitcoinhalving which will be a fuel to #Bitcoin to all time highs so I wouldnt sell my alts or my coins before Halving. Everybody will tell you to sell beacuse of their analysis in this world your are either a sheep or wolf so dont trust everything you see.
Good luck and may God bless you.
#write2earn
As we see #Bitcoin made new all time high, which means all the alt coins followed him. What I would consider is #Bitcoinhalving which will be a fuel to #Bitcoin to all time highs so I wouldnt sell my alts or my coins before Halving. Everybody will tell you to sell beacuse of their analysis in this world your are either a sheep or wolf so dont trust everything you see.
Good luck and may God bless you.
#write2earn
💸 Only 50 Days left until Bitcoin next halving.
#Bitcoin #Cryptohustle #halving #Write2Earn #Bitcoinhalving
#Bitcoin #Cryptohustle #halving #Write2Earn #Bitcoinhalving
After the #Bitcoinhalving event, the Bitcoin ecosystem has witnessed a significant boom, specifically in transaction fees and the launch of numerous new applications. Therefore, the need for a platform capable of supporting and optimizing user experience in this environment has become more urgent than ever.
In response to this need, Ord.io was launched with the goal of providing an effective solution for exploring and interacting with #ordinals inscriptions—a new form of digital asset on Bitcoin. This platform not only makes it easier for users to search and manage digital assets but also aims to reduce technical barriers, thereby maximizing the potential of the Bitcoin blockchain network.
Read more: https://vinablockchain.com/ord-io
In response to this need, Ord.io was launched with the goal of providing an effective solution for exploring and interacting with #ordinals inscriptions—a new form of digital asset on Bitcoin. This platform not only makes it easier for users to search and manage digital assets but also aims to reduce technical barriers, thereby maximizing the potential of the Bitcoin blockchain network.
Read more: https://vinablockchain.com/ord-io
"Decoding Bitcoin Halving: Insights and Investing Tips 📈💡
As Bitcoin experiences its latest halving, crypto enthusiasts are keenly observing the potential ramifications. Here are some key insights and investing tips to navigate this pivotal event:
1. **Historical Trends:** Analyze past halvings to understand how they influenced Bitcoin's price. Historical data can provide valuable insights into potential market movements.
2. **Supply and Demand Dynamics:** With a reduced supply of new bitcoins, there's a chance of increased scarcity. This scarcity could contribute to upward price pressure, but market dynamics are complex and multifaceted.
3. **Long-Term Perspective:** Bitcoin halving is a long-term event. Consider adopting a patient and strategic approach to investing, focusing on the overall trajectory rather than short-term fluctuations.
4. **Diversification:** While Bitcoin is a focal point, diversifying your crypto portfolio can help manage risk. Explore promising altcoins and blockchain projects to build a well-rounded investment strategy.
5. **Stay Informed:** Keep yourself updated on the latest developments in the crypto space. News, technological advancements, and regulatory changes can all impact the market.
Share your own insights and strategies for navigating the Bitcoin halving in the comments below. Let's foster a community discussion on the future of crypto investing!
#Bitcoinhalving
#CryptoInvesting
#HalvingInsights"
#Write2Earn
As Bitcoin experiences its latest halving, crypto enthusiasts are keenly observing the potential ramifications. Here are some key insights and investing tips to navigate this pivotal event:
1. **Historical Trends:** Analyze past halvings to understand how they influenced Bitcoin's price. Historical data can provide valuable insights into potential market movements.
2. **Supply and Demand Dynamics:** With a reduced supply of new bitcoins, there's a chance of increased scarcity. This scarcity could contribute to upward price pressure, but market dynamics are complex and multifaceted.
3. **Long-Term Perspective:** Bitcoin halving is a long-term event. Consider adopting a patient and strategic approach to investing, focusing on the overall trajectory rather than short-term fluctuations.
4. **Diversification:** While Bitcoin is a focal point, diversifying your crypto portfolio can help manage risk. Explore promising altcoins and blockchain projects to build a well-rounded investment strategy.
5. **Stay Informed:** Keep yourself updated on the latest developments in the crypto space. News, technological advancements, and regulatory changes can all impact the market.
Share your own insights and strategies for navigating the Bitcoin halving in the comments below. Let's foster a community discussion on the future of crypto investing!
#Bitcoinhalving
#CryptoInvesting
#HalvingInsights"
#Write2Earn
#Bitcoinhalving #Bitcoinclock
Bitcoin Halving 2024:How it's Different This Time, Myths and Bitcoin Bugs
$BTC
Bitcoin Halving 🔑 points
The next halving is projected on April 19th 2024 , in the evening US Eastern Time . Historically , halving events have been associated with increases in Bitcoin's price, attributed to its reduced supply growth rate and increased scarcity.
$ORDI
Market impact now and later
The halving isn't like an on-off switch that gets flipped at a specific time. Indeed , it's reasonable to think that the day will come and go without much action🎬 in the market . Of course, there certainly could be volatility driven by speculators who may be trading on the event.
One big thing investors need ro understand about the halving and its potential impact on the market is that miners sell a lot of bitcoin they get to paid in order to pay their everyday bills.
Diminishing returns from halving to halving
$USDC #
Bitcoin has always shot to the moon🌙 in the months following its halving -that's what makes it such a celebrated day among enthusiast. However , each time the mining reward and supply of bitcoin has shrunk , so have the returns from the halving day to the cycle top.
Does Bitcoin halving increase price?
Bitcoin Halving 2024:How it's Different This Time, Myths and Bitcoin Bugs
$BTC
Bitcoin Halving 🔑 points
The next halving is projected on April 19th 2024 , in the evening US Eastern Time . Historically , halving events have been associated with increases in Bitcoin's price, attributed to its reduced supply growth rate and increased scarcity.
$ORDI
Market impact now and later
The halving isn't like an on-off switch that gets flipped at a specific time. Indeed , it's reasonable to think that the day will come and go without much action🎬 in the market . Of course, there certainly could be volatility driven by speculators who may be trading on the event.
One big thing investors need ro understand about the halving and its potential impact on the market is that miners sell a lot of bitcoin they get to paid in order to pay their everyday bills.
Diminishing returns from halving to halving
$USDC #
Bitcoin has always shot to the moon🌙 in the months following its halving -that's what makes it such a celebrated day among enthusiast. However , each time the mining reward and supply of bitcoin has shrunk , so have the returns from the halving day to the cycle top.
Does Bitcoin halving increase price?
Yes
61%
No
39%
18 votes • Voting closed
Bitcoin Halving: Is a 10x Price Increase Possible?
The highly anticipated Bitcoin halving is just a few months away, and with it comes the potential for a significant increase in both demand and price for the world's most popular cryptocurrency. Michael Saylor, co-founder of MicroStrategy and a staunch Bitcoin bull, believes that demand for Bitcoin could skyrocket by as much as 10x by the end of 2024. This prediction is based on the belief that the halving will further reduce Bitcoin's supply, making it even more scarce and valuable.Bitcoin Halving's Historical ImpactBitcoin halvings have historically been bullish events for the cryptocurrency. Following the first halving in 2012, Bitcoin's price increased by over 1,000% within two years. Similarly, after the second halving in 2016, Bitcoin's price rose by over 1,700% within two years.There are a few reasons why Bitcoin halvings tend to have a positive impact on the cryptocurrency's price. First, halvings reduce Bitcoin's supply, which can lead to increased demand. Second, halvings can signal to investors that Bitcoin is a long-term and sustainable project. Finally, halvings can generate positive media coverage, which can further boost demand for Bitcoin.Expectations for the Upcoming HalvingWhile there is no guarantee that Bitcoin's price will increase by 10x by the end of 2024, there are a few factors that could support Saylor's prediction. First, the global economy is expected to continue to grow in the coming years, which could lead to increased investment in Bitcoin. Second, the adoption of Bitcoin by institutions is increasing, which could also lead to increased demand. Finally, the development of Bitcoin-based applications and services could further increase the cryptocurrency's utility and value.Investment Trends and Potential Market ShiftsIn addition to the potential for a 10x price increase, there are a few other investment trends and potential market shifts that could be worth watching in the coming year. First, there is a growing trend of institutional investors allocating a portion of their portfolios to Bitcoin. This trend is likely to continue as more institutions become comfortable with Bitcoin and its potential as a long-term investment.Second, there is a growing interest in Bitcoin-based decentralized applications (DApps). DApps are applications that run on the Bitcoin blockchain, and they have the potential to revolutionize many industries, including finance, healthcare, and supply chain management. If DApps are successful, they could further increase the demand for Bitcoin and its price.Finally, there is a potential for a major shift in the cryptocurrency market in the coming year. If Bitcoin's price continues to increase, it could attract more investors and further solidify its position as the world's leading cryptocurrency. However,if Bitcoin's price experiences a significant decline, it could lead to a shift in investor sentiment and a decline in the overall cryptocurrency market.My Opinion I believe that Bitcoin has the potential to increase in value significantly in the coming years. The halving is a major event that could further reduce Bitcoin's supply and increase its demand. Additionally, the growing adoption of Bitcoin by institutions and the development of Bitcoin-based DApps could further support its price.I am curious to hear your thoughts on Bitcoin's potential for a 10x price increase. Do you believe that this is achievable?What are your own expectations for the upcoming halving?#Bitcoinhalving #bitcoinhalving
Explaining Bitcoin Halving: A Chance for a New Market Bull Run
Bitcoin, the world's first decentralized digital currency, operates on a unique system that ensures its scarcity and stability. Bitcoin halving plays a crucial role in regulating the supply of new bitcoins and has significant implications for miners and the overall market. Let's dive in and demystify Bitcoin halving in an easy-to-understand manner, backed by real-life examples.
What is Bitcoin Halving?
Bitcoin halving refers to the pre-programmed event that occurs approximately every four years, reducing the rate at which new bitcoins are created and introduced into circulation. The halving event cuts the block reward in half, meaning miners receive half the amount of bitcoins they used for validating transactions and adding blocks to the blockchain.
Bitcoin Halving Scenario
Understanding the Bitcoin Mining
Before delving deeper into Bitcoin halving, it's essential to grasp the concept of Bitcoin mining. Bitcoin mining is the process by which new bitcoins are created and transactions are verified and added to the blockchain. Miners compete to solve complex mathematical puzzles, and the first miner to find a valid solution earns the block reward, consisting of newly minted bitcoins.
How Does Bitcoin Halving Work?
Bitcoin halving is a built-in mechanism programmed into the Bitcoin protocol, ensuring a controlled and predictable supply of new bitcoins. The system is based on a fixed supply of 21 million bitcoins, with each bitcoin divisible into 100 million satoshis. Initially, the block reward was set at 50 bitcoins. However, after every 210,000 blocks, which is roughly four years, the block reward is halved.
The Purpose of Bitcoin Halving
Bitcoin halving serves two primary purposes. First, it ensures that the supply of new bitcoins entering the market slows down over time, promoting scarcity and preventing inflation. Second, it gradually reduces the block reward, incentivizing miners to continue securing the network by validating transactions, even after all bitcoins have been mined.
To understand how it works, let's imagine you have a fruit tree that produces 10 fruits every day, and you get a reward of $1 for each fruit you pick. However, there's a rule that after every four days, the tree magically reduces its fruit production by half. So, on the fifth day, instead of getting 10 fruits, you only get 5 fruits, but you still receive $1 for each fruit you pick.
In the Bitcoin network, the reward for miners is cut in half during the halving event. Initially, when Bitcoin was created, the block reward was 50 bitcoins per block. In the first halving event, it became 25 bitcoins, then 12.5 bitcoins in the second halving, and so on. The most recent halving occurred in May 2020, reducing the block reward to 6.25 bitcoins.
The halving is designed to control the supply of new bitcoins entering the market and ensure that the total supply remains limited. Reducing the block reward slows down the rate at which new bitcoins are created. This scarcity factor can potentially lead to an increase in demand, as Bitcoin becomes harder to obtain.
Bitcoin Halving and the Market Bull Run
Bitcoin halving often generates anticipation in the cryptocurrency community due to its historical correlation with market bull runs. A bull run refers to a prolonged period of price appreciation and market optimism. The reduction in the block reward limits the selling pressure from miners, potentially leading to a supply-demand imbalance and driving the price upwards.
Previous Bitcoin Halvings and Their Effects
To understand the impact of Bitcoin halving on the market, let's examine the two previous halvings. In November 2012, the block reward decreased from 50 to 25 bitcoins. The event was followed by a substantial increase in Bitcoin's value, with the price surging from around $12 to over $1,000 within a year.
Similarly, in July 2016, the block reward was reduced from 25 to 12.5 bitcoins. The second halving triggered another significant bull run, propelling Bitcoin's price to new all-time highs in late 2017, reaching nearly $20,000 per bitcoin.
Impact on Total Supply and Circulating Bitcoins
As a result of the halving events, the rate of new bitcoin supply is reduced, ultimately leading to a scarcity of bitcoins. This scarcity increases the value proposition of Bitcoin, as the supply-demand dynamics come into play. With a limited supply and growing demand, the price of Bitcoin has historically shown an upward trend following halvings.
Furthermore, the reduction in the block reward affects the circulating supply of bitcoins. Miners receive fewer bitcoins for their mining efforts, leading to a decrease in the number of newly minted coins entering the market. This reduced supply, combined with the growing adoption of Bitcoin, has the potential to drive prices higher over time.
Profitability of Miners After Halving
Bitcoin halving significantly impacts the profitability of miners. Since miners receive half the number of bitcoins for validating transactions and securing the network, their revenue is reduced. However, the success and profitability of miners also depend on several factors, such as mining efficiency, electricity costs, and overall market conditions.
After each halving, miners face the challenge of maintaining profitability with lower block rewards. Miners with outdated hardware or high operational costs may find it more difficult to generate profits. However, miners who can optimize their operations and adapt to the new reward structure can still remain profitable, especially if the price of Bitcoin experiences a substantial increase during a market bull run.
Potential Scenarios for the Next Halving
Looking ahead to the next halving, scheduled to occur in 2024, several potential scenarios can be considered. While past performance is not indicative of future results, historical patterns suggest the possibility of another market bull run following the halving.
One scenario is that the reduced block rewards may lead to increased holding behavior among miners and investors, further driving the price of Bitcoin upwards. Additionally, the increased media attention and general awareness surrounding halvings could attract new participants to the market, contributing to a surge in demand.
However, it is important to note that the cryptocurrency market is highly volatile and influenced by numerous factors beyond halving events alone. Market sentiment, regulatory developments, and technological advancements all play a role in shaping the future of Bitcoin and its potential for a bull run.
Conclusion
Bitcoin halving is a fundamental aspect of the Bitcoin network that ensures controlled supply and scarcity. The halving events, occurring approximately every four years, have historically been associated with market bull runs and increased Bitcoin prices. The reduction in block rewards affects miners' profitability and contributes to the overall scarcity of bitcoins.
While the previous halvings have generated optimism and excitement within the cryptocurrency community, it is important to approach future halvings with a realistic perspective. The market dynamics are influenced by a wide range of factors, and the outcomes of halving events can vary.
Nonetheless, Bitcoin halving remains an essential mechanism in maintaining the integrity and value of the cryptocurrency. By understanding its significance and potential implications, investors and enthusiasts can better navigate the evolving landscape of the cryptocurrency market.
FAQS
What is Bitcoin halving? Bitcoin halving refers to the event in which the block reward for miners is reduced by half approximately every four years. This mechanism helps control the supply of new bitcoins entering the market.
How does Bitcoin halving impact the market? Bitcoin halving has historically been associated with market bull runs, as the reduced block rewards limit selling pressure from miners and potentially create a supply-demand imbalance.
What were the effects of previous Bitcoin halvings? Previous Bitcoin halvings, in 2012 and 2016, led to significant price increases and market optimism. Bitcoin's value surged after both events, driving the cryptocurrency to new all-time highs.
Does Bitcoin halving affect the total supply of bitcoins? Yes, Bitcoin halving affects the total supply of bitcoins. With each halving, the rate of new bitcoin creation decreases, ultimately leading to a limited and finite supply of 21 million bitcoins.
How does Bitcoin halving impact miners? Bitcoin halving significantly impacts miners' profitability. As the block reward is halved, miners receive fewer bitcoins for their mining efforts. Miners must adapt their operations and optimize efficiency to remain profitable in the face of reduced rewards.
Will miners be in profit or loss after the halving? The profitability of miners after the halving depends on various factors, including mining efficiency, electricity costs, and market conditions. Miners who can adapt and optimize their operations may still be profitable, especially if the price of Bitcoin experiences significant growth.
When is the next Bitcoin halving? The next Bitcoin halving is scheduled to occur in 2024. The exact date is not predetermined but is estimated based on the average block time of 10 minutes.
How can I participate in Bitcoin halving? As an individual, you cannot directly participate in Bitcoin halving as it is a programmed event within the Bitcoin network. However, you can monitor its effects on the market and adjust your investment strategies accordingly.
What are the potential risks associated with Bitcoin halving? Bitcoin halving, like any other market event, carries risks. Price volatility, market speculation, and regulatory developments can all impact the outcome of a halving. It is important to approach investments in Bitcoin with caution and conduct thorough research.
Where can I find more information about Bitcoin halving? To learn more about Bitcoin halving and its implications, you can refer to reputable cryptocurrency websites, whitepapers, and research publications. Staying updated with the latest news and analysis from reliable sources can help you understand the dynamics of Bitcoin halving.
#BinanceTournament #Bitcoinhalving #BTC #Binance #googleai
What is Bitcoin Halving?
Bitcoin halving refers to the pre-programmed event that occurs approximately every four years, reducing the rate at which new bitcoins are created and introduced into circulation. The halving event cuts the block reward in half, meaning miners receive half the amount of bitcoins they used for validating transactions and adding blocks to the blockchain.
Bitcoin Halving Scenario
Understanding the Bitcoin Mining
Before delving deeper into Bitcoin halving, it's essential to grasp the concept of Bitcoin mining. Bitcoin mining is the process by which new bitcoins are created and transactions are verified and added to the blockchain. Miners compete to solve complex mathematical puzzles, and the first miner to find a valid solution earns the block reward, consisting of newly minted bitcoins.
How Does Bitcoin Halving Work?
Bitcoin halving is a built-in mechanism programmed into the Bitcoin protocol, ensuring a controlled and predictable supply of new bitcoins. The system is based on a fixed supply of 21 million bitcoins, with each bitcoin divisible into 100 million satoshis. Initially, the block reward was set at 50 bitcoins. However, after every 210,000 blocks, which is roughly four years, the block reward is halved.
The Purpose of Bitcoin Halving
Bitcoin halving serves two primary purposes. First, it ensures that the supply of new bitcoins entering the market slows down over time, promoting scarcity and preventing inflation. Second, it gradually reduces the block reward, incentivizing miners to continue securing the network by validating transactions, even after all bitcoins have been mined.
To understand how it works, let's imagine you have a fruit tree that produces 10 fruits every day, and you get a reward of $1 for each fruit you pick. However, there's a rule that after every four days, the tree magically reduces its fruit production by half. So, on the fifth day, instead of getting 10 fruits, you only get 5 fruits, but you still receive $1 for each fruit you pick.
In the Bitcoin network, the reward for miners is cut in half during the halving event. Initially, when Bitcoin was created, the block reward was 50 bitcoins per block. In the first halving event, it became 25 bitcoins, then 12.5 bitcoins in the second halving, and so on. The most recent halving occurred in May 2020, reducing the block reward to 6.25 bitcoins.
The halving is designed to control the supply of new bitcoins entering the market and ensure that the total supply remains limited. Reducing the block reward slows down the rate at which new bitcoins are created. This scarcity factor can potentially lead to an increase in demand, as Bitcoin becomes harder to obtain.
Bitcoin Halving and the Market Bull Run
Bitcoin halving often generates anticipation in the cryptocurrency community due to its historical correlation with market bull runs. A bull run refers to a prolonged period of price appreciation and market optimism. The reduction in the block reward limits the selling pressure from miners, potentially leading to a supply-demand imbalance and driving the price upwards.
Previous Bitcoin Halvings and Their Effects
To understand the impact of Bitcoin halving on the market, let's examine the two previous halvings. In November 2012, the block reward decreased from 50 to 25 bitcoins. The event was followed by a substantial increase in Bitcoin's value, with the price surging from around $12 to over $1,000 within a year.
Similarly, in July 2016, the block reward was reduced from 25 to 12.5 bitcoins. The second halving triggered another significant bull run, propelling Bitcoin's price to new all-time highs in late 2017, reaching nearly $20,000 per bitcoin.
Impact on Total Supply and Circulating Bitcoins
As a result of the halving events, the rate of new bitcoin supply is reduced, ultimately leading to a scarcity of bitcoins. This scarcity increases the value proposition of Bitcoin, as the supply-demand dynamics come into play. With a limited supply and growing demand, the price of Bitcoin has historically shown an upward trend following halvings.
Furthermore, the reduction in the block reward affects the circulating supply of bitcoins. Miners receive fewer bitcoins for their mining efforts, leading to a decrease in the number of newly minted coins entering the market. This reduced supply, combined with the growing adoption of Bitcoin, has the potential to drive prices higher over time.
Profitability of Miners After Halving
Bitcoin halving significantly impacts the profitability of miners. Since miners receive half the number of bitcoins for validating transactions and securing the network, their revenue is reduced. However, the success and profitability of miners also depend on several factors, such as mining efficiency, electricity costs, and overall market conditions.
After each halving, miners face the challenge of maintaining profitability with lower block rewards. Miners with outdated hardware or high operational costs may find it more difficult to generate profits. However, miners who can optimize their operations and adapt to the new reward structure can still remain profitable, especially if the price of Bitcoin experiences a substantial increase during a market bull run.
Potential Scenarios for the Next Halving
Looking ahead to the next halving, scheduled to occur in 2024, several potential scenarios can be considered. While past performance is not indicative of future results, historical patterns suggest the possibility of another market bull run following the halving.
One scenario is that the reduced block rewards may lead to increased holding behavior among miners and investors, further driving the price of Bitcoin upwards. Additionally, the increased media attention and general awareness surrounding halvings could attract new participants to the market, contributing to a surge in demand.
However, it is important to note that the cryptocurrency market is highly volatile and influenced by numerous factors beyond halving events alone. Market sentiment, regulatory developments, and technological advancements all play a role in shaping the future of Bitcoin and its potential for a bull run.
Conclusion
Bitcoin halving is a fundamental aspect of the Bitcoin network that ensures controlled supply and scarcity. The halving events, occurring approximately every four years, have historically been associated with market bull runs and increased Bitcoin prices. The reduction in block rewards affects miners' profitability and contributes to the overall scarcity of bitcoins.
While the previous halvings have generated optimism and excitement within the cryptocurrency community, it is important to approach future halvings with a realistic perspective. The market dynamics are influenced by a wide range of factors, and the outcomes of halving events can vary.
Nonetheless, Bitcoin halving remains an essential mechanism in maintaining the integrity and value of the cryptocurrency. By understanding its significance and potential implications, investors and enthusiasts can better navigate the evolving landscape of the cryptocurrency market.
FAQS
What is Bitcoin halving? Bitcoin halving refers to the event in which the block reward for miners is reduced by half approximately every four years. This mechanism helps control the supply of new bitcoins entering the market.
How does Bitcoin halving impact the market? Bitcoin halving has historically been associated with market bull runs, as the reduced block rewards limit selling pressure from miners and potentially create a supply-demand imbalance.
What were the effects of previous Bitcoin halvings? Previous Bitcoin halvings, in 2012 and 2016, led to significant price increases and market optimism. Bitcoin's value surged after both events, driving the cryptocurrency to new all-time highs.
Does Bitcoin halving affect the total supply of bitcoins? Yes, Bitcoin halving affects the total supply of bitcoins. With each halving, the rate of new bitcoin creation decreases, ultimately leading to a limited and finite supply of 21 million bitcoins.
How does Bitcoin halving impact miners? Bitcoin halving significantly impacts miners' profitability. As the block reward is halved, miners receive fewer bitcoins for their mining efforts. Miners must adapt their operations and optimize efficiency to remain profitable in the face of reduced rewards.
Will miners be in profit or loss after the halving? The profitability of miners after the halving depends on various factors, including mining efficiency, electricity costs, and market conditions. Miners who can adapt and optimize their operations may still be profitable, especially if the price of Bitcoin experiences significant growth.
When is the next Bitcoin halving? The next Bitcoin halving is scheduled to occur in 2024. The exact date is not predetermined but is estimated based on the average block time of 10 minutes.
How can I participate in Bitcoin halving? As an individual, you cannot directly participate in Bitcoin halving as it is a programmed event within the Bitcoin network. However, you can monitor its effects on the market and adjust your investment strategies accordingly.
What are the potential risks associated with Bitcoin halving? Bitcoin halving, like any other market event, carries risks. Price volatility, market speculation, and regulatory developments can all impact the outcome of a halving. It is important to approach investments in Bitcoin with caution and conduct thorough research.
Where can I find more information about Bitcoin halving? To learn more about Bitcoin halving and its implications, you can refer to reputable cryptocurrency websites, whitepapers, and research publications. Staying updated with the latest news and analysis from reliable sources can help you understand the dynamics of Bitcoin halving.
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BITCOIN HALVING - 199 DAYS LEFT!
Bitcoin Halving will happen in 2024!
Bitcoin halving is a significant event in the Bitcoin ecosystem that occurs every 210,000 blocks, or approximately every four years. During a halving, the block reward, which is the amount of Bitcoin paid to miners for verifying transactions, is reduced by half. The next Bitcoin halving is expected to occur on May 10, 2024, and the block reward will be reduced from 6.25 BTC to 3.125 BTC.
Bitcoin halvings are important because they help to control the supply of Bitcoin and maintain its value. By reducing the block reward, halvings make it more difficult and expensive to mine Bitcoin, which can lead to an increase in its price.
The next Bitcoin halving is expected to have a number of implications for the Bitcoin ecosystem, including:
Increased demand for Bitcoin: As the supply of Bitcoin decreases, demand for the asset is expected to increase. This could lead to a rise in the price of Bitcoin.Increased competition among miners: As the block reward is reduced, miners will need to find other ways to generate revenue. This could lead to increased competition among miners, which could have a negative impact on the profitability of mining.Increased investment in Bitcoin mining: The next Bitcoin halving is also expected to attract new investors to Bitcoin mining. This could lead to an increase in the hashrate, which could make the Bitcoin network more secure.
Overall, the next Bitcoin halving is a significant event that is expected to have a number of implications for the Bitcoin ecosystem. It is important for investors and users to be aware of these implications and to prepare for the halving accordingly.
Here are some additional things to consider about the next Bitcoin halving:
The halving is a fixed event that is programmed into the Bitcoin protocol. It will happen regardless of the state of the market or the economy.The halving is expected to have a positive impact on the long-term price of Bitcoin. However, it is important to note that the market can be unpredictable in the short term.Investors should carefully consider their own risk tolerance and investment goals before making any investment decisions.
If you are interested in learning more about Bitcoin halving, there are a number of resources available online. You can also consult with a financial advisor to get personalized advice.
Here are some additional professional insights on the next Bitcoin halving:
Impact on institutional investors: The next Bitcoin halving is expected to attract more institutional investors to Bitcoin. This is because institutional investors are increasingly interested in Bitcoin as a long-term investment.Impact on Bitcoin ETFs: The approval of a Bitcoin ETF in the United States is expected to further boost institutional investment in Bitcoin. This could lead to a significant increase in the price of Bitcoin in the lead-up to the halving.Impact on Bitcoin mining: The profitability of Bitcoin mining is expected to decline after the halving. However, the halving is also expected to attract new miners to the network, which could help to increase the hashrate and make the Bitcoin network more secure.
Overall, the next Bitcoin halving is a significant event that is expected to have a number of positive implications for the Bitcoin ecosystem. Investors should carefully consider their own risk tolerance and investment goals before making any investment decisions.
How will the industry change after the halving
DEFI will explode!
The DeFi sector is also expected to change in a number of ways after the next Bitcoin halving.
Increased demand for DeFi applications: As the price of Bitcoin increases, more people will be able to afford to use DeFi applications. This could lead to an increase in the demand for DeFi applications, such as decentralized exchanges, lending protocols, and yield aggregators.Increased innovation in the DeFi sector: As the DeFi sector grows, so too will the development of new DeFi applications and services. This could include new ways to use DeFi, new ways to secure DeFi, and new ways to make DeFi more accessible to a wider range of users.Increased institutional investment in DeFi: The next Bitcoin halving is expected to attract more institutional investors to Bitcoin. This could also lead to increased institutional investment in DeFi, as institutional investors look for new ways to generate yield on their Bitcoin holdings.
Overall, the next Bitcoin halving is expected to have a number of positive implications for the DeFi sector. It is expected to increase demand for DeFi applications, boost innovation in the DeFi sector, and attract more institutional investment to DeFi.
Here are some specific examples of how the DeFi sector could change after the next Bitcoin halving:
New DeFi applications: New DeFi applications could be developed to meet the needs of institutional investors, such as decentralized exchanges with larger trading volumes and lending protocols with higher interest rates.New DeFi bridges: New DeFi bridges could be developed to make it easier for people to transfer their assets between different blockchains. This could help to increase the liquidity of the DeFi ecosystem.New DeFi insurance products: New DeFi insurance products could be developed to protect users from losses due to smart contract hacks or other risks. This could help to make DeFi more secure and attractive to a wider range of users.
The next Bitcoin halving is a significant event that is expected to have a positive impact on the DeFi sector. It is important for investors and users to be aware of the potential changes and to prepare for the halving accordingly.
HUGE SCAMS AHEAD
Ofcourse with big power come big electicity bill !!! 😆 Same is with Bitcoin, huge demand in the field, huge volumes, insane FOMO among all investors. But this comes with big scam schemes and we're talking about big BIG! With the help of AI, scammers are getting better and better and can scam people with ease! They know your weak spots, they can track your activity, they can find your needs! It's not very hard if you have all the time in the world and learning how to scam people and take their money. Most of the scammers are students or young guys around 20-30 years old with no job, no motivation or huge demand for stealing other people's money.
That's why stay alert, do not connect your main wallet full of cash on some unknown web3 sites or dapps. Take care!
Thanks for following and reading! Wish you the best! #crypto2023 #BTC #Bitcoinhalving #airdropking
Bitcoin halving is a significant event in the Bitcoin ecosystem that occurs every 210,000 blocks, or approximately every four years. During a halving, the block reward, which is the amount of Bitcoin paid to miners for verifying transactions, is reduced by half. The next Bitcoin halving is expected to occur on May 10, 2024, and the block reward will be reduced from 6.25 BTC to 3.125 BTC.
Bitcoin halvings are important because they help to control the supply of Bitcoin and maintain its value. By reducing the block reward, halvings make it more difficult and expensive to mine Bitcoin, which can lead to an increase in its price.
The next Bitcoin halving is expected to have a number of implications for the Bitcoin ecosystem, including:
Increased demand for Bitcoin: As the supply of Bitcoin decreases, demand for the asset is expected to increase. This could lead to a rise in the price of Bitcoin.Increased competition among miners: As the block reward is reduced, miners will need to find other ways to generate revenue. This could lead to increased competition among miners, which could have a negative impact on the profitability of mining.Increased investment in Bitcoin mining: The next Bitcoin halving is also expected to attract new investors to Bitcoin mining. This could lead to an increase in the hashrate, which could make the Bitcoin network more secure.
Overall, the next Bitcoin halving is a significant event that is expected to have a number of implications for the Bitcoin ecosystem. It is important for investors and users to be aware of these implications and to prepare for the halving accordingly.
Here are some additional things to consider about the next Bitcoin halving:
The halving is a fixed event that is programmed into the Bitcoin protocol. It will happen regardless of the state of the market or the economy.The halving is expected to have a positive impact on the long-term price of Bitcoin. However, it is important to note that the market can be unpredictable in the short term.Investors should carefully consider their own risk tolerance and investment goals before making any investment decisions.
If you are interested in learning more about Bitcoin halving, there are a number of resources available online. You can also consult with a financial advisor to get personalized advice.
Here are some additional professional insights on the next Bitcoin halving:
Impact on institutional investors: The next Bitcoin halving is expected to attract more institutional investors to Bitcoin. This is because institutional investors are increasingly interested in Bitcoin as a long-term investment.Impact on Bitcoin ETFs: The approval of a Bitcoin ETF in the United States is expected to further boost institutional investment in Bitcoin. This could lead to a significant increase in the price of Bitcoin in the lead-up to the halving.Impact on Bitcoin mining: The profitability of Bitcoin mining is expected to decline after the halving. However, the halving is also expected to attract new miners to the network, which could help to increase the hashrate and make the Bitcoin network more secure.
Overall, the next Bitcoin halving is a significant event that is expected to have a number of positive implications for the Bitcoin ecosystem. Investors should carefully consider their own risk tolerance and investment goals before making any investment decisions.
How will the industry change after the halving
DEFI will explode!
The DeFi sector is also expected to change in a number of ways after the next Bitcoin halving.
Increased demand for DeFi applications: As the price of Bitcoin increases, more people will be able to afford to use DeFi applications. This could lead to an increase in the demand for DeFi applications, such as decentralized exchanges, lending protocols, and yield aggregators.Increased innovation in the DeFi sector: As the DeFi sector grows, so too will the development of new DeFi applications and services. This could include new ways to use DeFi, new ways to secure DeFi, and new ways to make DeFi more accessible to a wider range of users.Increased institutional investment in DeFi: The next Bitcoin halving is expected to attract more institutional investors to Bitcoin. This could also lead to increased institutional investment in DeFi, as institutional investors look for new ways to generate yield on their Bitcoin holdings.
Overall, the next Bitcoin halving is expected to have a number of positive implications for the DeFi sector. It is expected to increase demand for DeFi applications, boost innovation in the DeFi sector, and attract more institutional investment to DeFi.
Here are some specific examples of how the DeFi sector could change after the next Bitcoin halving:
New DeFi applications: New DeFi applications could be developed to meet the needs of institutional investors, such as decentralized exchanges with larger trading volumes and lending protocols with higher interest rates.New DeFi bridges: New DeFi bridges could be developed to make it easier for people to transfer their assets between different blockchains. This could help to increase the liquidity of the DeFi ecosystem.New DeFi insurance products: New DeFi insurance products could be developed to protect users from losses due to smart contract hacks or other risks. This could help to make DeFi more secure and attractive to a wider range of users.
The next Bitcoin halving is a significant event that is expected to have a positive impact on the DeFi sector. It is important for investors and users to be aware of the potential changes and to prepare for the halving accordingly.
HUGE SCAMS AHEAD
Ofcourse with big power come big electicity bill !!! 😆 Same is with Bitcoin, huge demand in the field, huge volumes, insane FOMO among all investors. But this comes with big scam schemes and we're talking about big BIG! With the help of AI, scammers are getting better and better and can scam people with ease! They know your weak spots, they can track your activity, they can find your needs! It's not very hard if you have all the time in the world and learning how to scam people and take their money. Most of the scammers are students or young guys around 20-30 years old with no job, no motivation or huge demand for stealing other people's money.
That's why stay alert, do not connect your main wallet full of cash on some unknown web3 sites or dapps. Take care!
Thanks for following and reading! Wish you the best! #crypto2023 #BTC #Bitcoinhalving #airdropking
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#TrendingTopic:
#BREAKING : 💦 JUST in✅ MicroStrategy To Raise 💲500 Million To Buy More #Bitcoin
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LIVEBLORDx
--
Bullish
#TrendingTopic 🌝THE "15" BEST SOLID WAYS TO LIVE A PEACEFUL LIFE⚡💦
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1. Never cry for the person that hurts you. Just smile and say,
"Thank you for giving me the chance to have someone better than you.
2. Don't hate jealous people. They are jealous because they thinks you are better than them.
3. Don't waste your time on revenge. Those who hurt you will eventually face their own karma.
4. Don't tell anyone about your plans, show them the result instead.
5. There is no market for your emotions, so don't advertise your feelings. Show only your attitude.
6. Don't give up. Your day will come. It's just a matter of time.
7. If you help someone and expect anything in return. of you foes, you're doing a business not kindness.
8. Trust means everything, but once it's broken, sorry means nothing.
9. Always remember that your present situation is not your final destination. The best is yet to come.
10. Never leave a true relationship for few faults. Nobody is perfect and no one is always correct. At the end, you will discover that affection is greater than perfection.
11. Don't attend a funeral just to let people know how you cared for a person. Show them how much you cared about them when they are alive.
12. Don't make a promise out of joy. And don't take a decision out of sadness.
13. Don't expect loyalty from people that can not give you honesty.
14. Don't give up. The beginning is always the hardest.
15. You will not know the value of a moment until you lose it. Value the moments you have before they become a memory.
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$RONIN $BTC $SOL
1. Never cry for the person that hurts you. Just smile and say,
"Thank you for giving me the chance to have someone better than you.
2. Don't hate jealous people. They are jealous because they thinks you are better than them.
3. Don't waste your time on revenge. Those who hurt you will eventually face their own karma.
4. Don't tell anyone about your plans, show them the result instead.
5. There is no market for your emotions, so don't advertise your feelings. Show only your attitude.
6. Don't give up. Your day will come. It's just a matter of time.
7. If you help someone and expect anything in return. of you foes, you're doing a business not kindness.
8. Trust means everything, but once it's broken, sorry means nothing.
9. Always remember that your present situation is not your final destination. The best is yet to come.
10. Never leave a true relationship for few faults. Nobody is perfect and no one is always correct. At the end, you will discover that affection is greater than perfection.
11. Don't attend a funeral just to let people know how you cared for a person. Show them how much you cared about them when they are alive.
12. Don't make a promise out of joy. And don't take a decision out of sadness.
13. Don't expect loyalty from people that can not give you honesty.
14. Don't give up. The beginning is always the hardest.
15. You will not know the value of a moment until you lose it. Value the moments you have before they become a memory.
#BTC #TradeNTell #Write2Earn #Jonesvirgin
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Almost time to go to the next level⏳️
Only 500 Blocks Remaining #Bitcoinhalving
#Crypto #cryptohustle
Only 500 Blocks Remaining #Bitcoinhalving
#Crypto #cryptohustle
