The last Bitcoin Halving in our lifetime !!!
All right guys, in about 15 days Bitcoin is about to go through possibly the biggest fundamental events that we have in our ecosystem t
oday.
oday.
The Bitcoin block reward halving of 2020 where the amount of Bitcoins that are mined into existence are cut in half, because as you know there will only ever be twenty one million Bitcoin ever, EVER !!!
So Bitcoin has a fixed supply. And that fixed supply is deflationary, meaning Bitcoin is the first asset ever in human history that has a predictable monetary supply.
So in about fifteen days for the third time ever once in 2012 once in 2016 and again coming up in 2020. t
he supply faucet, the block reward the amount of Bitcoin coming into existence every block which is about every ten minutes will be cut in half.
he supply faucet, the block reward the amount of Bitcoin coming into existence every block which is about every ten minutes will be cut in half.
Massive supply shock the block reward is which is now 12,5 points per block per 10 minutes will decrease in half to 6,25 coins per block.
Now it should be noted that the last Bitcoin will not be mined into the year 2140 so we will long be dead but Bitcoin will continue to have these halvings over the next hundred years !!!
Really showing how much of an infancy we are right now in Bitcoins lifespan.
So the 2020 Bitcoin halving by all accounts is a huge event.
In just another way to think about this what's going to happen in fifteen days is...today around 18 hundred new Bitcoins are minted into existence each day worth around 11 million dollars and most of those 18 hundred Bitcoins that are minted daily are dumped daily. The miners are constantly dumping Bitcoin which is how they secure the network but this doesn't mean that it takes about 11 million dollars daily coming into the ecosystem people buying bitcoin for the price just to stay the same. But in about 15 days the next having this will drop down to just about 9 hundred BTC a day.
That's huge, that's a massive supply shock to the ecosystem.
Even if the demand of Bitcoin just stays the same. Because we've been seeing healthy increasing growth demand In Bitcoin over the last month, if the demand it just stays the same and supply faucet gets cut in half what's that going to mean for the price of Bitcoin ??? What's that going to mean for you ???
FOMO is here !!! Everybody is expecting price pump!!!
This
my expectation on what the price of Bitcoin will do the day of the having, and
this should be your expectation to !!!
Just
looking at history the price of Bitcoin will probably do nothing !!! Or
possibly even dump !!!
If
we look at the first having the price of Bitcoin really did nothing.
If
we look at the second having 2016 the price of having did something before it,
before the event, and then dumped that day into the weeks after.
If
we're being realistic it wasn't until 360 days after or even 525 days after.
In
the months leading up to it obviously the Bitcoin saw new all time highs while
nothing while people said it was a failure the day of the Bitcoin having. The
suppose of supply shock the effects price wise don't happen until after !!!
This
is what the common retail investor does not know, yet !!!
This
is what most other crypto Youtube channels want tell you "buy the rumor
sell the news" !!!
I'm
not a financial adviser, do your own research, but we are about to enter the
next official bull market obviously 6 to 12 months after the halving if you ask
me !!!
As
a Bitcoin holder these are the fundamental macro big picture events, that you
should be able to articulate to a friend to a family member.
Now
taking into account all sides looking at all factors for bitcoin the only thing
that I could see, that might be a little bit of a speed bump in Bitcoins
inevitable rise is what's traditional markets do.
But
either way in about 15 days it will be huge awareness a huge reminder the third
time in history that has ever happened a reminder that Bitcoin has a
predictable monetary supply unlike gold, unlike any other asset in history. It
is a harder form of money than gold and yet despite gold's market cap being
trillions and trillions and trillions dollars more than Bitcoin today Bitcoins
inflation rate is about to be lower than gold for the first time ever !!!
