What is the Bitcoin Halving-The Bitcoin Halving 2020-MASSIVE SUPPLY SHOCK
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Add what is the Bitcoin Halving-The Bitcoin Halving 2020-MASSIVE SUPPLY SHOCKaption |
where the number of bitcoins that is
mined into existence are cut in half
because as you know there will only ever
be 21 million Bitcoin ever so
Bitcoin has a fixed supply and that
fixed supply is deflationary meaning
Bitcoin the first asset ever in human
history has a predictable monetary
supply so in about 15 days for the third
time ever once in 2012
once in 2016 and again coming up in 2020
the supply faucet the block reward the
amount of Bitcoin coming into existence
every block which is about every 10
minutes will be cut in half massive
supply shock the block reward is which
is now twelve point five coins per block
per ten minutes will decrease in half to
six point two five 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 Bitcoin will
continue to have these having soar over
the next hundred years really showing
how much of an infancy we are right now
in bitcoins lifespan so the 2020 Bitcoin
having by it by all accounts is a huge
event and just another way to think
about this what's gonna happen in 15
days is today around 1800 new bitcoins
are minted into existence each day worth
around 11 million dollars and most of
those 1800 bitcoins that are minted
daily are dumped daily the miners are
constantly dumping Bitcoin but this does
mean that it takes about eleven 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 900 BTC a day that's huge
that's a massive supply shock to the
ecosystem and 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
stays the same and the supply faucet
gets cut in half what's that gonna mean
for the price of Bitcoin what's that
gonna mean for you in today I
want to give you some realistic
perspective hit the like button if you
appreciate this content and let's jump
in first off just from an awareness
perspective this popped up in Bloomberg
the other day Bloomberg Businessweek get
set for Bitcoin having here's what that
means articles like this which we are
seeing from traditional finance more and
more means that the FOMO is clearly on
articles like this add to it and while
this educates a lot of people on what
bitcoin is a lot of people from this
massive blast out of awareness expect a
price pump like I said looking at the
last month of Bitcoin we've been seeing
a pretty steady healthy price pump now
despite this my expectation on what the
price that Bitcoin will do the day of
the halving and this should be your
expectation - just looking at history
the price of Bitcoin will probably do
nothing or possibly even dump if we look
at the first halving the price of
Bitcoin really did nothing if we look at
the second having in 2016 the price of
having did something before it before
the event and then dumped that day into
the weeks after and if we're being
realistic
it wasn't until 360 days after or even
525 days after and the months leading up
to it obviously that Bitcoin saw new
all-time highs while nothing while
people said it was a failure day of the
Bitcoin having the supposed 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 won't tell you that day of
expect possibly a buy the rumor sell the
news after the 2017-2018 bear market we
saw a little first accumulation we saw a
little expansion right now we are on our
second accumulation expectation wise for
me and I'm not a financial adviser do
your own research but we are about to
enter the next official bull market
obviously six to twelve months after the
third having and as a Bitcoin holder
these are the fundamental macro big
picture events that you should be able
to articulate
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 traditional markets do and
we have been seeing despite a record
unemployment record infected record
fatalities unfortunately because of the
trillions of dollars the global economy
is printing the u.s. is printing
traditional markets are turning around
we are seeing right now that the curve
is starting to flatten now the USA has
said that we're gonna slowly start
opening up the country again which is
good economically hopefully the only
thing that I can see that could
potentially slow the party or end the
party is if we open things back up and
maybe this spikes back up again like
we've seen before so you tell me what do
you think down below in the comment
section
but either way in about 15 days this
will be huge awareness a huge reminder
the third time in history that this 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 bitcoins today
bitcoins inflation rate is about to be
lower than gold for the first time ever
right here that speaks volumes
fundamentally you let me know what you
think but moving on first piece of news
before Cardno
before aetherium let's talk about tezo's
tezo's surpasses a OS for the first time
in crypto history now Tasos has
surpassed Yeo's and not only real volume
meaning more people are trading Tasos or
using tezo's but also where was it also
in the value locked in staking here is
an updated chart
Tasos is now the biggest staking network
I think this is such big news because
despite Tasos still being almost half of
a OSes market cap this could be a sign
of things to come of the value that
people are putting in tezo's / Yosh I
mean exchanges coinbase
exchanges all over saying hey if
stork tezo's on our exchange we'll stake
it for you you can earn some passive
tezo's in the process and we can all
help contribute to the network and the
currency Tasos has an annual staking
yield of nearly seven percent so you get
seven percent in passive income if you
stay yearly obviously this is a good
sign in the short term in the long term
staking has the tendency for the rich to
get richer these exchange the fear is
that these exchanges will end up
controlling these altcoins
if they're earning the most potatoes
passively than they can then there are
control of operating the network
essentially also another fear I would
say while Yosh was sort of the new
hotness in 2017-2018 a an optimization
came with tezo's for staking in 2019
2020 there will always be a new hotter
altcoin over the years maybe we'll see
an optimization of tezo's in 2021 2022
where the staking then goes to that new
old coin but we'll see exciting times
exciting experiments happening in the
space next piece of news for Cardno the
datalist 1.0 has officially shipped and
according to their CEO it is receiving
an overwhelmingly positive response
this is touted as a huge milestone for
the Carano ecosystem as unlike its
previous wallet this version of Daedalus
is a full node wallet meaning it can
download cardano's entire ledger of
transactions to the device so it's
faster and it can hold more storage and
in comparison a direct quote from
Charles comparing the old version to the
new version sync times for this new
version are around 50 minutes up to an
hour and a half wallet restoration is
happening in 20 to 30 minutes now to
benchmark this in comparison sync times
used to be between 9 to 14 hours in
terms of recovery time it previously
took 14 hours today it took 20 minutes
so obviously huge functionality
improvement for Carano as Cardano
marches towards complete
decentralization this step is crucial
simply
because it eliminates the need for a
third party to validate the transaction
in fact it is the wallet that can carry
out the Auto validation of every single
transaction so the data list 1.0 as has
shipped they've been working on this for
about 18 months obviously this is
leading to the release of Shelly
they say that'll happen sometime this
year I'll keep you updated next piece of
news new reports are coming in that
grayscale aetherium trust so they buy
aetherium and then you can invest in
chairs of their trust grayscale bought
48.4 almost 50% of all mined aetherium
in 2020 so what is aetherium x'
inflation rate how many are mined well
currently for aetherium when a block is
successfully mind on the etherion
blockchain a miner receives 3 eath as a
reward after Constantinople miners roll
will receive 2 etherion per block as a
reward because obviously aetherium
is switching to proof of stake they say
eventually just something to consider
about aetherium it's not necessarily
good it's not necessarily bad it just is
grayscales buying half of all coins
mined all right.
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