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Author Topic: bitcoin circle with simple words ?  (Read 257 times)
mia_houston
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January 29, 2022, 04:44:50 AM
 #21

Around every four years, there is a halving event where the block reward is halved. This reward is the only way new bitcoins are generated and it's paid to miners.

Thus every 4 years, the rate new coins are created also reduces and it can lead to speculators pushing the price of bitcoin upwards because of the reduced supply of new coins.

If so, may I know what kind of gift sir is celebrated every 4 years and can all users get the gift?
But I see now that there are also many new coins, some are cheap some are expensive but have not been able to push the price of bitcoin to go up.

I see you have been joining the forum for a long time, but I don't know why you don't understand the term 4 year reward?
What the OP means here is a gift (halving day) which occurs every 4 years, and it is a form of cutting the amount of reward (reward) for miners to half of the previous amount, when we (miners) perform digital validity in each transaction then they will get a reward (bitcoin) according to a predetermined amount, so if you want to get the prize, of course you have to do bitcoin mining now.
Block reduction that occurs every 4 years will certainly trigger the availability of the total number of bitcoins, and this has an impact on demand which may be greater than supply so that it will eventually trigger an increase in bitcoin prices.
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jamkesmas
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January 29, 2022, 08:37:31 AM
 #22

Around every four years, there is a halving event where the block reward is halved. This reward is the only way new bitcoins are generated and it's paid to miners.

Thus every 4 years, the rate new coins are created also reduces and it can lead to speculators pushing the price of bitcoin upwards because of the reduced supply of new coins.

If so, may I know what kind of gift sir is celebrated every 4 years and can all users get the gift?
But I see now that there are also many new coins, some are cheap some are expensive but have not been able to push the price of bitcoin to go up.

I think the prizes that will be obtained every 4 years are for those who dare to invest but when the value drops and will get big profits. and of course all will get it.

at this time people are competing to make new coins because the regulation to make coins is very easy, there are no tight regulations to avoid fraud for new people in the crypto world.
 
I don't understand what the main factors are that cause the price of bitcoin to go up and down, but it's definitely not because of the new coins.

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February 04, 2022, 06:09:38 PM
 #23

i dont want to lose money from profits not from my capital.
you think it will go more down the price from it is now ?
You should sell your bitcoins and get out because of a couple of reasons.
First is that you apparently invested more than you could afford to lose, which is the worst thing you can do when it comes to investment specially in something as volatile and new as bitcoin.
Second is that you invested in bitcoin without doing proper research and trying to come up with some sort of understanding on your own so that you don't have to ask such basic question as wanting others predict the unpredictable. In other words you don't invest in bitcoin because you think tomorrow price isn't going to drop, you buy bitcoin because you see the long term potential of it or see the usefulness of the utilities it provides.
This is very common among newbies, they read there is this asset called bitcoin which can produce huge profits and then they invest in it, however they do so without understanding what are the ideals behind bitcoin, why it exists, why it moves the way it does and why it has so many political opponents around the world, then only once they begin to see that things were not as easy as they believed they begin their research, but by that time it s too late and they have already lost money that most likely they have no chance to recover.

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