February 2, 2023

Never lose hope. Storms make people stronger and never last forever.

Be thankful for everything that happens in your life; it’s all an experience.

Bitcoin halving is about to happen

The bitcoin halving happens every four years and it is not an event left to chance, it is a strategy organized by the creators of the cryptocurrency to extend the circulation time, if this tool did not exist and the maximum circulation of bitcoins had been reached, the programming It is considered so that every four years the reward for mining is reduced by half.

That reduction ensures that the cryptocurrency creation caps are not reached as soon and the currency can continue to circulate and be profitable, no one can guarantee the behavior of different actors and not even bitcoin in the face of bitcoin halving 2020, the experience with both Earlier it says that the price is most likely to rise due to cryptocurrency shortages.
But the possibility that many miners stop doing it due to the reduction in their reward is also an element to consider, the arguments of the programmers and creators of the cryptocurrency are very valid and have effectively worked in the two previous partitions, just enough to see the Price charts to see the effect.
Currently, the circumstances are different and some other elements come into play that was not present in 2012 and 2016, but since it is an automatic process of the bitcoin platform, we will have to wait to see the results, the measure has those who support it and they consider positive and those who see it as unnecessary or negative.
The different authors are in the process of evaluating the measures they will take for the event that is already approaching because it is scheduled for May 2020, the proximity and uncertainty push the market upward, but doubts have the opposite effect while maintaining a balance of forces that will not break until the day the bitcoin halving 2020 is effectively produced.
Miners will have to decide if it is profitable to continue practicing mining once their rewards are reduced, this can only be seen and evaluated in the months following the event.