In may 2020 will be the reward for the miners for the third time in a half. So, a little more than half a year. In the last halveringen did you see the bitcoin price during the six-month period prior to the halving, by a factor of 1.7 to 2.3, more worth it as it was.
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Bitcoin is becoming more and more scarce
A lot of individuals in the bitcoinwereld be expected that as the bitcoin block halving can be a catalyst for a rising bitcoin price. Because each of the four years, the number of new bitcoins by half, the increased demand to make sure that bitcoin soon be worth a lot more that can be used.
Bitcoin is designed so that the coin is in the course of time is becoming increasingly scarce. When bitcoin was launched in 2009, was awarded each miner has a 50 bitcoin, as belonging to, provided they have the correct block, were allowed to add them to the blockchain. For about four years (in fact, it is not going to take the time, but every 210,000 blocks), at half the pay for you automatically.
The price increases for the half
Up to now, there are two halveringen have been from 50 to 25 then down to 12.5 for bitcoin to go to. In all likelihood, the next halving, on or about may 17, 2020 and will limit the reward to, and 6.25 bitcoin.
According to the Dutch crypto-analyst, and twitterberoemdheid (ok, cryptokringen) Plan, lwa (@ 100trillionUSD) rise in the bitcoin price, not only after the reduction. A lot of investors will want to capitalize on that increase in the price and to buy bitcoin prior to the scheduled halveringsdatum. At the very least, investors who are aware of the halving.
We are at about 6 months, before the May 2020 #bitcoin halving.
In 2012, btc jumped from $5 to $12 (2.3 x), as in those of 6 months before the halving. In 2016, btc jumped from $350 to $650 (1.7 x). pic.twitter.com/DKSQBOO2TD
— Plan for the lwa (@100trillionUSD) as of October 16, 2019
Plan for lwa puts it out in the tweet above, where he points out that the third block halving is still a bit longer than the six months off. In the six months prior to the first halveringsevenement in 2012, the increase of the price of a bitcoin from about $ 5 to $ 12 (2.3 x). This is also true for the second half of 2016, when the price went up from about $ 350 to $ 650. This represents an increase of 1.7 x.
But what will happen after the halving?
It is a very good analysis of what’s in it for the last halveringen has been done. It is for a lot of analysts will be especially interesting to see what happens after half the course is done.
Valdrin Tahiri of BeInCrypto’s, wrote that the 400,000 us dollars per bitcoin possible. Crime analyst Does in Capital, it seems to agree with that. He focuses his prediction on the potential upper limits on the rate after the reduction:
If #Bitcoin is rally just like it did in its previous two Halvings…
Bitcoin’s price will be $385,000 – $425,000
A $385,000 $BTC would mean that BTC’s Market Cap (i.e $189 billion), will have eclipsed the Market Cap of Gold (i)e of $7.8 trillion)https://t.co/4StGrayYMg#Crypto
— Does Capital@rektcapital) on September 10, 2019
In his article on Medium, he writes that the half marks the beginning of a new bitcoin bull market. The halving is in accordance with Does have a warranty for the scarcity of resources, not only in the direction of the halving, but also in the many months that followed.
Another great discovery coming from the Rhytm. The halvings are to ensure that the goal remains to be done.
Before the first halvening,
the goal was for 1,000 bitcoin.
Before the second halvening,
the goal was to have 10 bitcoin.
Before the third halvening,
the goal is to 1 bitcoin.
Before the fourth halvening, the goal will be 0.1 of a bitcoin.
— R (@Rhythmtrader) As Of October 16, 2019
We are looking for a pre-halving bitcoindoel been achieved. Note that the halving has already been over half a year and it is getting closer and closer.
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