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Author Topic: Bitcoin halving only 100 days away:  (Read 143 times)
Chilwell (OP)
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January 22, 2024, 11:45:56 AM
Last edit: January 26, 2024, 06:22:00 PM by Chilwell
Merited by 1miau (5), Huppercase (5)
 #1

Bitcoin halving only 1 year away:
DISCLAIMER: This is not a 1:1 translation but 1miau gave me permission to present it here.

Bitcoin Halving only 1 year away

Yes, you hear am well!
Na only 100 days (87 days and a few hours, make we dey accurate) remain before Bitcoin next halving go start  


https://buybitcoinworldwide.com/halving/


Weytin be halving?

Miners dey collect reward because say Dem find new Bitcoin blocks, miners wey dey do Proof-of-Work  dey create new blocks every~ 10 minutes.
To dey find blocks for miners e mean say you go dey get blockreward wey dey valuable BTC, too.
And these block rewards wey Dem attach to each Bitcoin blocks go dey reduce as time goes on halved.
E dey part of Bitcoin as asset wey scarce because all of us know say, Bitcoin dey limited to 21M coins.
Each 210.00 mined Bitcoin blocks, rewards go dey halved (= Halving).
210.000 Bitcoin blocks go dey roughly around 4years but e depend on Dem take mine all the 210.000 blocks.
When Satoshi launch Bitcoin,block rewards been dey for 50 BTC per block.
Here na overview:


We still dey early

After dey halve Bitcoin blocks rewards for May 2020 from 12.5BTC to 6.25BTC per block, we go see need halving for this 2024(wey fit be this April 2024), E go reduce Bitcoin block from 6.25BTC (wey actually dey valid) to 3.125 BTC per block.

And true true, we go need agree say 3.125BTC per block dey very low:
Bitcoin halving dey remind everybody  make them know how scarce Bitcoin takes be.Smiley
This one dey important make una remember how we take de close to Bitcoin halving.
Na only 87 days remain to go.Wink

R


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January 22, 2024, 12:00:40 PM
 #2

I don't know how accurate and true this is but am sure that it's happening before we get to the half of the year 2024, it is also an important thing to first consider the circumstances that surrounds this halving, there will be bullrun, but that doesn't mean it may occur immediately after the halving, also, we should take note that during the bullrun, the bitcoin market price becomes more volatile than it has been before then, we have to be careful on how we place our priority in buying and selling during this time because things are primarily unpredictable about the market and what may come thereafter at anytime.
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January 22, 2024, 09:35:14 PM
 #3

Hello, very nice from you to present my topic here.  Smiley
I believe getting some impression on Bitcoin's scarcity fundamentals can really help us to understand, that Bitcoin is suited very well to be a store of value.
Quite a few people know already, BlackRock knows and much more will notice how Bitcoin is an amazing store of value.  Smiley


Bitcoin halving only 1 year away:
DISCLAIMER: This is not a 1:1 translation but 1mau gave me permission to present it here
It's 1miau.  Wink
And maybe add a link on top to my original topic:

Bitcoin halving only 1 year away:
DISCLAIMER: This is not a 1:1 translation but 1mau gave me permission to present it here

Bitcoin Halving only 1 year away



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January 23, 2024, 04:32:16 PM
 #4

Bitcoin halving is expected to take place in April, with no estimated date. From bitcoin history, it always takes bitcoin six months after bitcoin halving to set a new all-time high. Bitcoin is an asset that should not be overlooked because it has a total supply of 21 million and will be very scarce because the world population is 8 billion people.

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January 23, 2024, 06:15:28 PM
 #5

This is going to be one of the Most anticipated halving in history of bitcoin. From the previous halving till now lot's of events has happened which I believe will make this halving a lot different from the previous ones. ETF bitcoin spot approval is going to tell so much on Bitcoin price this time. Moreover this is going to be the last halving before miners begin to determine what they will be charging. The most important thing is don't be left out. It's best to buy bitcoin and wait for what's coming, than wait to regret your inability to acquire bitcoin.
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January 26, 2024, 12:35:34 AM
 #6

Hello, dear Chilwell  Smiley

I have seen you have updated your OP and added a reference link.  Smiley
+1

But you still need to make a correction here:

Bitcoin halving only 1 year away:
DISCLAIMER: This is not a 1:1 translation but 1mau gave me permission to present it here
It's 1miauWink
It's 1miauSmiley



And when we are at it, I've also shared my table here, where no red marks are included, if someone wants to copy and store my picture:



 Smiley

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January 26, 2024, 04:19:24 PM
 #7

DISCLAIMER: This is not a 1:1 translation but 1mau gave me permission to present it here.

You still need to change the 1mau to 1miau
Your edit seem recent but you haven't edited that part

Chilwell (OP)
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January 26, 2024, 06:23:32 PM
 #8

Hello, dear Chilwell  Smiley

I have seen you have updated your OP and added a reference link.  Smiley
+1

But you still need to make a correction here:

Bitcoin halving only 1 year away:
DISCLAIMER: This is not a 1:1 translation but 1mau gave me permission to present it here
It's 1miau.  Wink
It's 1miau.  Smiley



I have change it, sorry for spelling errors. Am very excited because this topics create more awareness for so many people in this our local board.

R


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January 26, 2024, 06:49:59 PM
 #9

This halving would be something very interesting because this time we have so many people who are aware of Bitcoin and halving because I remember even till last bull run people were not discussing much on halving as they were not much aware that bull run starts post halving but this year they are all discussing about halving and the possible bull run post halving and people wants to make most of this bull run. We should be buying Bitcoin for bull run and also utilize every dip to buy in bulk as we may see further temporary dips. Lets make the most of out of this bull run as expectations are high and let's not lag behind to earn profits this time.









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