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Posted byH2019Posted inUncategorized

Hey Everyone,

It has been awhile since my last post. How have you been?! hope your doing well. Spring has finally sprung upon us and I am excited to get away from the cold weather. Nothing better than a fresh coffee in the morning and hearing the morning doves chirp with the still silence of the air.

Halving

Bitcoin officially has gone through it halving. What does this even mean? Well Bitcoin was created to mimic a gold like standard. There is a limited supply of coins twenty-one million coins that is in existence. Bitcoin is mined by a computer, a process where a computer trys to solve an algorithm. The computer that finds the correct answer will be rewarded Bitcoin as compensation for the work it has performed. Bitcoin can only be extracted by using the computer software computer such as a Bitman. At first bitcoin was gave a reward of 50 Bitcoin for algorithm solved then following for each halving, 25, 12, 6. As of last night Bitcoin will has moved from 6.25 BTC per reward to 3.15 Btc rewarded. This is important note to understand the supply and demand of BTC and cost to extract and mining of process. This means the computers that are working to solve the algorithm for mining Bitcoin will still mine at the same rate however, they will now be half the reward for the same work given. So, if you half the supply given for the same rate of work this may affect the current price of Bitcoin due to the simple law of demand. As Bitcoin is halved it becomes more and more of scarce asset and the demand may increase exponentially as time goes on.

For example well examine the price of Bitcoin over the last Three halvings to see the prices of bitcoin at each halving point.

Bitcoin Halving Prices (CoinGecko, 2024)

  • “First halving: November 28, 2012, from 50 BTC to 25 BTC. Within 12 months (to November 28, 2013),  BTC price rose from ~$12 to $1,075, leading to an 8,858% valuation increase. Bitcoin’s inflation rate went from 25.75% to 12% by January 2022
  • Second halving: July 9, 2016, from 25 BTC to 12.5 BTC. Within 12 months (to July 9, 2017), BTC price rose from ~$650 to $2,560, leading to a 294% valuation increase. Bitcoin inflation rate went from 8.7% to 4.1% by August 2016.
  • Third halving: May 11, 2020, from 12.5 BTC to 6.25 BTC. Within 12 months (to May 11, 2021), BTC price rose from ~$8,727 to $55,847, leading to a 540% valuation increase. Bitcoin inflation rate went from 3.7% to 1.8% by June 2020 (CoinGecko, 2024). ”

Last post we touched on companies being able to start investing into crypto currency through electronic trading funds ETF’s. Bringing some of the top investment firms into crypto by Bitcoin ETF’s. This past week China launched it first BTC ETF trading fund into the market. With many more countries to come, mass adoption of crypto paired with a halving event that just took place could be massive move for all crypto currencies in the coming years.

I also talked about some meme coin currencies Walter Inu and Volt inu with both still charging hard as they are expanding and building more. There are a tremendous amount of cryptocurrencies out there and ready to take off with Bitcoin and the rest. Use the tools given to help navigate the such as BSCSCAN, BSCCHECK , ETHSCAN, TokenSniffer-BubbleMap and many more tools to help research a token.

Conclusion

This post I touched on the Bitcoin Halving and how it could affect the supply and demand of Bitcoin. Talked about China jumping in the crypto game as they open their first ETF’s. Remember to always do your own research before taking any action.

Nobody should have to suffer in life financially, you’re the master of your life and control the actions you take to set yourself up for success. Take Action and Own everything you do or fail to do.

Wish you the best of luck moving forward. Thanks for reading

Helse

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