Important events in the currency circle in 2024｜$BTC Bitcoin halving = bull market signal?
【What is "#比特幣減半 "? 】
It means that during the mining process, the Bitcoin rewards that miners receive for mining new blocks will be reduced by 50% compared to before the halving.
【Importance】
Mining rewards will be reduced by half, which means "the supply of new Bitcoins is slowing down." If the market still has strong demand for Bitcoins, the price may rise according to the law of supply and demand.
【Half-halving Mechanism】
Every time 210,000 blocks are generated, there will be a halving event, which will last until all 21 million Bitcoins have been mined.
- Halving cycle: about 4 years
- Estimated supply launch time: AD 2140
【Learn from the past and know the future】
In the 14-year life cycle of Bitcoin, it has experienced three halvings (2012, 2016 and 2020). Within 1–1.5 years after each halving, Bitcoin experienced a big bull market.
[The impact of “Bitcoin Halving”]
- Miners: The Bitcoin reward for each block mined is halved, which means the mining income decreases.
- Cryptocurrency market: The positive impact of halving on the price of Bitcoin will stimulate positive sentiment and confidence in the market.
-Technological development: In order to improve mining efficiency, miners have to develop more advanced equipment and increase the scale of mining.
- #牛市布局 : Turn on the signal?
【Author's conclusion】
The Bitcoin halving is a unique rule of the cryptocurrency ecosystem. Before and after the Bitcoin halving event, we will see turmoil and changes in the cryptocurrency market. The halving event will not only affect Bitcoin itself, but will also have a significant impact on the entire cryptocurrency ecosystem. During this period, the market will definitely experience violent fluctuations, which is not only a challenge for investors, but also an opportunity to learn. The author encourages everyone to pay close attention to market dynamics and be prepared to respond.
