All You should know about the Bitcoin Halving.

??What is the Bitcoin?Halving, and should you be buying right now?

This is one of the most important events in the entire Crypto Community. So if you're new to crypto or just want a refresher, Read the complete article below.

??Bitcoin miners, which are just computers, are competing against each other to solve a mathematical puzzle.

??????The miner that solves this puzzle first wins the opportunity to add the next block onto the blockchain, and as a reward, earns a set number of new Bitcoin.

?The Bitcoin halving is an event that is programmed into Bitcoin's code that reduces the reward for mining a new block by half.

??And this happens every 210,000 blocks, which takes approximately 4 years.

??When Bitcoin was first introduced in 2009, the reward for mining a new block was 50 Bitcoin. In 2012, it was reduced to 25.

In 2016, it reduced to 12.5 and to 6.25 in 2020.

The next halving is probably on April 19th in just 3 days where The #Bitcoin reward will decrease down to 3.125 BTC/block.

??Eventually, all 21,000,000 Bitcoin will be in circulation, and the miners will only earn transaction fees.

??So you're probably asking why was Bitcoin designed like this?

?The short answer is that Satoshi wanted Bitcoin to mimic natural resources.

??There is a finite amount of gold, silver, and oil on this planet, and the more we deplete these resources, the deeper in the ground and more expensive the operation is to mine them.

????There are many other reasons Bitcoin was created this way, and We encourage you to do some research & follow us because it's all super interesting.

?So what's happening to the #price of Bitcoin after the halving?

If you take a look at Bitcoin's chart from the first halving to the first all time high, there is a 50,000% gain.

?2nd halving-69,000% gain.

?3rd Halving in 2020- That was a 1000% gain.

????However, you probably also noticed that as Bitcoin becomes more expensive, there are diminishing returns.

?So don't expect another 10x from current prices this 4 year cycle.

??We expect around a 200% gain from current prices. If you made it this far, hit the like button, Repost with your fellows and good luck!!

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