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1  Economy / Speculation / What is the Bitcoin (BTC) Halving? Will Bitcoin Price Really Be $100K Next Year? on: April 03, 2023, 06:39:47 PM
No one knows for sure when the next halving will occur, but experts predict it will happen in April 2024. Bitcoin hit an all-time high or what we commonly know as the all-time Hay at $69,045. Many experts do not hesitate to share their predictions for the future of Bitcoin with halvings which will help reduce the speed of adding new Bitcoins and keep BTC circulating to avoid true inflation.

What is the effect of the Bitcoin halving on the price of Bitcoin, is the growth of Bitcoin also affected, then does our previous Bitcoin trading strategy have to change too? this time we will discuss one of the most important events in the world of crypto Bitcoin halving, there are many other factors that affect the price of Bitcoin, one of which is not the least of the many people who took part in analyzing the price of Bitcoin after the halving occurred. Talking about halving, what is the definition of Bitcoin halving according to investopedia [1] every 210,000 blocks in the mine or roughly every 4 years the block reward that will be given to Bitcoin miners for processing transactions will be cut in half. Well, this event is called a halving because it halves the new Bitcoin that is released into circulation. And This is Bitcoin (BTC)'s way of forcing synthetic price inflation until all the Bitcoins are released.

What about the impact, What is the impact of Bitcoin on the economy also there is the Bitcoin algorithm also indicates it will happen after a certain number of blocks are created, no one knows for sure when the next halving will happen. But experts predict the next halving will occur in April 2024. Richard Bikers of Information Technology advises investors to be careful with the next Bitcoin halving. With less mining, prices tend to stabilize. David burger CEO of the trading platform said that the most important thing investors should think about is the growth of the network as a whole. Is it true that business prices will increase during halvings What makes halvings happen What about Bitcoin investment safety. so according to the usual action, the price of Bitcoin always experiences a significant increase after a halving event. Judging from the 3 previous halving events, significant price increases usually start after 6 to 12 months prior to the event, Bitcoin prices tend to rise.

because investors expect self-esteem after the halving but in fact whether the price increase will always occur after the halving event. actually it's still not certain because seeing the conditions that occur after the halving are not necessarily the same. When talking about history, the history of Bitcoin halving Since it was first carried out in 2012 and then again in 2016 and 2020. The first Bitcoin halving occurred when the reward for mining 1 block was reduced from 50 to 25 bitcoins (BTC) and according to cointelegraph[2] coin of the year 2016 which has an incentive reduction event to 12.5 Bitcoin (BTC) on each block mined and on May 11, 2020. each new block mined only generates 6.25 BTC hence the next Bitcoin halving is expected in 2024. system expected will continue until around 2140. Bitcoin price BTC was trading around $12 when the first halving occurred on 28 November 2012 after that 1 year later Bitcoin increased to almost $1000, the second halving occurred on 9 July 2016 and Bitcoin price fell to $870 but managed to rise again until touch $2550 . in July 2017 Bitcoin hit an all-time high or what we commonly know as the all-time Hay at $19700 in December 2017.


cointelegraph.com

in May 2020, the Bitcoin price traded at $8,787 and exploded in the following months as the volatility of the Bitcoin halving continued to increase as it got closer and Investors could benefit from rising or falling prices by trading during the volatility. volatility measures the strength of daily price fluctuations and calculations usually use periods of 30 60 and 365 days to analyze historical data increased volatility occurs because there is significant uncertainty around halvings, apart from the positive impact, there is no constant demand to buy Bitcoins due to the reduction in supply caused by halvings does not immediately give visible results. So what about Bitcoin price predictions after the halving, Anthony Scaramucci [3] calls 2023 a year of recovery for Bitcoin and predicts that Bitcoin price is likely to trade between $50,000 to $100,000 in 2 to 3 years right after the halving event.

Sorry and please correct if there is inaccurate information and data, I just want to share what I know now. How much do you think Bitcoin Price Next Year Will Be $100K?

Source
1. https://www.investopedia.com/bitcoin-halving-4843769
2. https://cointelegraph.com/learn/bitcoin-halving-how-does-the-halving-cycle-work-and-why-does-it-matter
2. https://www.cnbc.com/2023/01/16/bitcoin-price-prediction-2023-investors-see-12000-to-30000.html
2  Local / Altcoins (Bahasa Indonesia) / Kolektor NFT CryptoPunk Tak Sengaja Musnahkan NFT Miliknya Bernilai $135K on: March 26, 2023, 11:51:28 PM
Kisah ini sangat disayangkan dan menunjukkan betapa pentingnya memahami cara menggunakan aset digital dan platform terkait sebelum melakukan transaksi yang signifikan.

Dalam kasus ini, kolektor NFT yang benama Brandon Riley ingin menggunakan CryptoPunk sebagai jaminan untuk meminjam uang di platform DeFi untuk membeli NFT lagi, namun secara tidak sengaja membakar atau menghapus CryptoPunk tersebut, seperti yang ditunjukkan di bawah ini.


Riwayat perdagangan CryptoPunk $#685 : Sumber Gambar

“Saya disuruh mengikuti petunjuk dengan tepat, jadi saya melakukannya,” jelas Riley, tetapi dalam prosesnya, dia akhirnya kehilangan 77 ETH, yang bernilai US$135.372,16.

Hal ini menunjukkan betapa pentingnya mempelajari dengan cermat cara menggunakan platform DeFi dan memahami risiko dan tindakan pencegahan yang harus dilakukan sebelum melakukan transaksi. Beberapa tindakan pencegahan yang dapat dilakukan antara lain memeriksa instruksi dengan cermat, memahami risiko yang terkait dengan menggunakan aset digital sebagai jaminan, dan mengikuti praktik keamanan yang tepat untuk melindungi aset digital.

Dalam kondisi seperti ini, kita hanya dapat mencoba menghubungi tim dukungan platform DeFi terkait untuk melihat apakah ada cara untuk memulihkan CryptoPunk atau mencari bantuan dari ahli keamanan siber. Akn tetapi, tidak ada jaminan bahwa CryptoPunk tersebut dapat dikembalikan atau di-recover sepenuhnya.

Pelajaran yang bisa diambil dari kasus seperti ini adalah pentingnya untuk selalu berhati-hati dan teliti dalam melakukan transaksi dengan aset digital seperti crypto, khususnya ketika melibatkan transaksi yang signifikan.

Sumber


3  Bitcoin / Bitcoin Discussion / Bitcoin Taught Me To Dare to Dream on: March 24, 2023, 09:48:03 PM
It's not a matter of being grateful, but it's a matter of self-development and dreams in my life's journey to achieve my dreams.

Initially I worked as an employee with sober results. The consequence is that I am able to make ends meet but it is difficult to fulfill "wants".

Then I went to sell services, the result was not bad. The consequence is always dealing with a problem and having to solve that problem, which is not my problem.

Then I turned to the world of MLM. The results are mediocre, because so far the distribution of "profits" in the MLM world has not been fair. The consequence is that I have to maintain my prestige, no matter what the conditions are, prestige is number 1, to the point where I don't even realize that I can't even afford to buy milk for my child.

Then I turned to real business, the results were also not bad, but this is where my debts accumulated and the debt figures were fantastic in my opinion. The consequence is that when you fail to pay interest on debt, your existing assets are confiscated. Not to mention being exposed to member fraud and corruption, as a result I went bankrupt due to a lack of experience in managing a real business.

Then I switched to the world of HYIP and BO. The results were extraordinary, but that's where I felt the extraordinary and endless ups and downs, Just being rich for a while, being scammed.
Just prospered for a while, had to restart. The consequence is that when friends, colleagues or relatives come who initially worship us like gods because of smooth profits, when a scam occurs, everyone curses it out.

It feels like I'm about to give up. Now I am very grateful to know this community, because now I can generate bitcoin coffers and certainly a lot of knowledge and insight that I get here with the right trading knowledge. I really enjoy being in this community because with this community I can collect bitcoins and with bitcoins my life has completely changed from before because bitcoin also taught me to dare to dream.
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