Bitcoin Halving: things to know about and be prepared for!

By alberdioni8406 | S.O.S | 4 Apr 2020


Bitcoin is the main asset of the Crypto space and with halvening it will reduce the miners block from the actual 12.5 BTC to 6.25 BTC turning the asset a rarity and becoming it scarce! First of all we need to understand what is bitcoin Halving!

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What is BTC halvening and what impact will bring to Crypto market?!

This event is the one that will reduce the number of generated bitcoins rewards per block turning 12.5 registered now to 6.25. The next halving will happen around May 24th on the block #630,000 and will bring some changes into market, and also this will ensure that the total Bitcoin supply reach the 21million. 

It's important to note that if you are, events such as volatily will occur in this period and to Miners the rewards will be lower than produced until now (reducing from the actual 12.5 to 6.25), so all must be aware of what will happen when this event is getting more closer!

It's necessary to understand that with reduced block rewards Bitcoin may be more scarce, and who deal with trading may enter to the market to speculate on, and causing high volatile during this period! We also have the factor "Miners" will reduce their hability to earn more revenue and many of them could leave the mining field, selling their operational machines to other Miners of just leaving the crypto sphere.

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The hash power rate can be impacted also leaving the network with delays when the BTC is transacted but the positive can happen on the Mining market share that may see some consolidation.

*During this time the market can register higher speculations and also a great and positive gains in the asset, let's see what this reserve to us!

**Images from pixabay.com with free rights for commercial purposes.

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alberdioni8406
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Creator and Crypto Fan. Find me also on Bastyon here: https://bastyon.com/alberdioni8406


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