#Halving is coming! What is it and why there is misleading?
I am sure that you’ve seen many posts, and lots of predictions about it, but did you try to search on Google? Because it’s free to find out if those posts old and repeat same predictions from years ago or not.
Halving in simple words: Bitcoin is a decentralised currency needs miners to authenticate transactions and secure Bitcoin network.
In return those miners get rewarded with #Bitcoin it self, which called “mining”.
In the beginning the rewards was 50 #BTC per block, and halving means reducing the rewards 50% every 4 years.
But what you didn’t know is that mining now controlled by huge companies that are officially listed in the market ( Bursa), since previous halving there is huge competition between companies and who will handle the mining 💪🏻 and accept reduced rewards per block.
That means, the miners who was selling before the halving to save their profits, this time they holding it to keep their position in the competition.
Which result in the end, almost all posts you read is old and repeated all over previous years.
This is my analysis, it’s not financial advice nor recommendation.
Feel free to use Google to do your research and find out what happening this halving 👌🏻 prepare your self because you are the only one responsible for your decisions.
