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Mining reward halved. Here's Bitcoin reduced Reason to buy now
Written by Dominique Ba Solto - April 27, 2024
the main points
1_ In three previous halvings, Bitcoin rose to its highest levels ever
2_ The halving enhances Bitcoin’s attractiveness as a long-term store of value and a hedge against inflation.
3_While there is a reason for the rise, Bitcoin may not rise to the highest level as it was in the previous halving cycles.
Another way to think about this is that Bitcoin is the only asset in the world that has its own monetary policy. The halving mechanism largely controls how much new Bitcoin can be created at any given time. It also places a hard limit on the amount of Bitcoin that can ever be created, which is 21 million coins. All of this is done to make Bitcoin as inflation-resistant as possible. It is a feat that even the most talented central bankers have not yet fully mastered. According to coinbase Global, Bitcoin is now a “programmatically anti-inflationary asset.” In other words, Bitcoin is literally programmed to resist inflation. So, if you are looking for a long-term store of value, it is Bitcoin. For the rest of the post #تابع If you benefited from the post, please support and comment so that I can continue #bitcoin
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#continued The decline in the digital currency market coincided with the release of higher-than-expected inflation data, raising investor concerns about the outlook for the global economy. According to CNBC, the core personal consumption expenditures (PCE) price index, excluding food and energy, grew 2.8% year-on-year in March, which is in line with February and slightly above expectations. This is according to the government but real inflation is 7%. The Fed is targeting an inflation rate of 2%, which the core personal consumption expenditures index has exceeded over the past three years. The Fed focuses on personal consumption expenditures in particular because it compensates for changes in consumer behavior. This report comes on the heels of bad inflation news from Thursday, and the Fed will likely keep interest rates unchanged until at least the summer, unless data changes significantly. With inflation continuing to rise after two years It reached a high of over 40 Years. #BTC
Bitcoin: What caused its price to drop by $157 million? The entire cryptocurrency market saw selling pressure as the price of Bitcoin fell to its lowest level in over a week. Bitcoin, the first and largest cryptocurrency by market cap, continued its declines from its highs of $65,287 on April 25 into the second day, reaching intraday lows of $62,389. The Bitcoin sell-off sparked a wave of selling in the cryptocurrency market, exacerbating downward pressure on alternative cryptocurrencies known as “altcoins.” At the time of writing, Bitcoin is down 2.28% over the past 24 hours to $62,839. Many cryptocurrencies were also trading in the red, with losses ranging from 2% to 15%. Solana (SOL) and Shiba Inu coins are down about 6% in the past 24 hours, while Solana meme Dogwifhat and Bonk coins suffered worse losses, falling by 11.80% and 13.45%, respectively. The price drop caught some investors by surprise, leading to a series of liquidations across various cryptocurrency exchanges. According to CoinGlass data, over $157.29 million in crypto assets were liquidated in the past 24 hours, with Bitcoin accounting for 42.22. #يتبع
I was just looking at the chart this morning and saw my entire wallet turn from green to red. I became afraid for a moment, but when I understood exactly what was happening, the situation became clear. This is completely normal, especially since halving this year. Big players want to get positions at a cheaper price, and in return they scare 90% of ordinary people. Remember, in hard times hard wealth is achieved. If everyone was confident that Bitcoin would reach 100,000, 150,000, or even 200,000, each one of us would win. But this is impossible. The solution is very simple, buy at the time of decline and do not see your balance. There are people who say, “This is stupid, I will lose my money.” No, you don't lose anything unless you sell. So you can be in a “technical loss” for five years with a currency, and when you come back up and win, you withdraw your money with a sweet profit. There are no losses, no crying, and no worry. This is what I do and it works nicely for me. Every time I have money to invest, I wait for a small decrease and buy. You can sit at the chart for 10 hours trying to anticipate the exact moment like 10 million other people, but you will lose all your money and blame crypto for everything. Invest without worry and profit without worry. This is the only evidence for this wave. You can now ask: “Okay, but when will I get out of the bull market and get my profits?” We can expect this well, because it happened in almost the same way in the previous two sessions. But this topic is for another day. If you want a separate article on the topic, leave a comment or follow." #crypto
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