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RE: Steemit Crypto Academy Contest / S12W2 -: STEEM Vs Bitcoin halving

Bitcoin halving is one of the most important and interesting event that happens after every 4 year automatically because it is already stated in the white paper and if I talk about this event then really in this event supply of Bitcoin decreases but demand of Bitcoin increases which cause a significant increase in its price and due to significant increase in its price its effects on other cryptocurrency also increases


Your technical analysis for the answer of 2nd question are really appreciate able because you have clearly shown last time event of Bitcoin halving which was held in 2020 and exact date was 11th of May 2020 in which many cryptocurrencies affected positively as well as including steem also have a positive effect but there was not too much effect at that time but for now if we see predictions than Bitcoin seems to go at peak and steem is also seems to be break resistance and also seems to reach on its peak


You have also explain advantages and disadvantages of this event and overall your post it's presentation and its content is really highly appreciatable and there is nothing in it by which I did. Aayushi a lot of success in this engagement challenge and wish you good luck for your future and for all of your efforts that you made while your participation

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 11 months ago 

Sure halving is a significant event that controls price of the leading digital assets bitcoin which increases demand be making bitcoin more scarce. We are all optimistic about the price of steem during the next halving event hope this will boost it price.

Thanks for your time.

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