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What do you expect from this next Bitcoin halving?
163 sats \ 7 comments \ @rafaelasprilla334 25 Nov 2023 bitcoin
   ¿What is a bitcoin halving?
  • A bitcoin halving (sometimes called a halvening) occurs when the profit from mining new blocks is halved, meaning miners receive 50% fewer bitcoins for verifying transactions. Bitcoin halvings occur every 210,000 blocks (approximately every four years), and will occur until the network has generated a maximum supply of 21 million bitcoins.
  • Bitcoin halvings are important events for investors because they reduce the number of new bitcoins generated by the network. This limits the supply of new coins, so prices could rise if demand remains high. Although this has happened during the months before and after the halvings that have previously taken place (which has precipitated the rapid appreciation of the price of bitcoin), the circumstances in which each halving takes place are different and the demand for bitcoin can fluctuate significantly
  • The next Bitcoin halving is scheduled for April 2024. It is difficult to predict the exact date as it depends on the block height. Because the halving occurs every 210,000 blocks, it is scheduled to occur in April 2024, when the block height reaches 840,000.
Bitcoin reaches highest level of greed since its all-time highs
The latest rally for the cryptocurrency, which is trading above $37,000, has generated a moment of euphoria unknown since November 2021.
Everyone wants bitcoin. The stars have aligned for the most popular cryptocurrency to shine, which is already trading for more than $37,000 after gaining more than 125% so far this year and which is experiencing tailwinds that could lead it to prolong its gains.
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0 sats \ 0 replies \ @ElectronicsQuestions 25 Nov 2023
I think we're at/approaching a kind of crossroads, where BTC price and adoption can either skyrocket or fall off sharply. This because we simultaneously have many potential good things and many potential bad things for it, in rapid succession. It will depend on which ones comes first and has most impact.
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0 sats \ 0 replies \ @cryotosensei 25 Nov 2023
Honestly I expect the approval of the first spot BTC ETF to create a greater stir to the market than the BTC Halving
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0 sats \ 0 replies \ @endothermicdev 25 Nov 2023
I expect half as much impact as the last one.
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0 sats \ 0 replies \ @fred 25 Nov 2023
Mass Adoption that can bring merchants using Bitcoin
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0 sats \ 2 replies \ @elysia 25 Nov 2023
The halving events and price fluctuations are secondary to the fundamental principle of decentralization, which offers independence from centralized systems and financial freedom.
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0 sats \ 1 reply \ @quark 25 Nov 2023
If price doesn't go up, some miners can't continue with half the revenue they were used to, and capitulate after the halving. This means less miners left with more power, so more centralization in mining which is a bad thing.
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0 sats \ 0 replies \ @elysia 25 Nov 2023
Perhaps edge cases like ordinal pumps and fat finger transactions will help for a bit. To elaborate, I do think it will cause the price to increase dramatically, but the timing will be unpredictable.
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