Yesterday marked the 7th anniversary of the second bitcoin halving
Hello friends, on a day like yesterday, July 9, but in 2016, the second bitcoin halving took place, where the reward that is given to miners per day for validating transactions in the block chain went from 25 bitcoin to 12.5 btc. At that time this caused a great impact on the price of bitcoin.
I don't know why the bitcoin price tends to rise in value at each halving since the operation of bitcoin codes is independent of the market and events such as the halving of the miner's reward should not be good news.
It must be noted without a doubt that in the previous halvings the impact on the price was not immediate, it took a few months for bitcoin to explode from 500 dollars to almost 20k dollars, which at that time was its all-time high and if we take out the calculator bitcoin had an increase of almost 4000% but it took more than a year for these to happen.
When bitcoin managed to reach 20k I clearly remember my friends studying investing in bitcoin in fact a couple of friends lost everything because they bought when bitcoin was above 19k and when it reached 20k the price began to collapse and if I remember correctly bitcoin fell back to 3k, we just have to wait for cause and effect to cause this new halving to the market.
But without a doubt, many analysts take it for granted that the price will once again exceed its all-time high and I have no doubt about that because that is how the previous halvings relate it, what positive aspect could this new halving bring?.
If everything goes as planned and bitcoin overcomes the barrier of its historical maximum, a large company and developers will revolve around bitcoin to the development and improvement of the network, new functions, applications and a possible fork, how did it happen in the second halving where the disagreements of the developers bitcoin sparked the advent of bitcoin cash and bitcoin core.
We are only a few months away from the next halving, many are already excited and are taking advantage of buying their bitcoin at a free price and accumulating enough bitcoin to sell at the next all-time high. I hope to join too and accumulate fractions of bitcoin before the halving occurs. next halving.
Good friends to finish what do you think. Will Bitcoin break its next all-time high after the halving? Or this time the same will not happen? What do you think? leave me your comment.
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You have written a nice post on the 7th anniversary of bitcoin second halving, but you could have written more.
I expected you to relate it to bitcoin next halving and how many blocks it remains for the next bitcoin halving to occur.
Please endeavor to give more details in your work
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If you are right, I had to investigate more about the second halving and what is to come, but it did not occur to me to attach it. As I saw many twitters saying that it was the 7th anniversary of the second halving and many memories flashed through my mind and I wanted to write about it but I didn't exactly go into depth.