Countdown to the BTC HALVING 2020
The expectation is in the environment, everyone synchronizes their clocks to see what will happen after May 2020. The most anticipated event for crypto lovers is coming, no matter if you are a large or small investor, if you have thousands of dollars invested or Only a few, even if you have not been able to invest but have heard about this event, you are probably wondering what will happen after the BTC HALVING 2020.
At this moment there is a lot of speculation regarding the issue and very high expectations that the price of Bitcoin will be triggered and reach in the future from $ 100,000, up to $ 400,000 according to some predictions, this surely makes the one who has BTC in his portfolio not If you want to get rid of this digital asset so easily, you just have to wait to see what impact this event has on the price of the BTC and consequently the rest of the cryptocurrencies.
What is the BTC HALVING?
To understand a little more about what we are talking about, it is necessary to explain briefly what this event is about.
Halving is an event in which the block reward of a cryptocurrency is divided in half in order to reduce its emission level, it is an automated process of halving the bitcoins that miners receive as a reward for block creation
Currently, the miners receive for each mine block the amount of 12.5 BTC, after this event the reward will be reduced to 6.25 for each block
Due to this event there is a deflationary effect, and he expects that it will result in the increase in the price of Bitcoin, as a result of a maximum in economy that says an increasingly scarce asset with an increasingly growing demand is destined to rise of value, that raises expectations for BTC holders and makes them hopeful that the price will rise very high.
Background of the event.
Many of the bitcoin holders take as a basis to be optimistic, what happened in the previous halving, since they influenced in a positive way, starting an upward trend in prices.
According to the records in the first halving recorded in 2012, that same year began with the price of bitcoin around $ 5, reaching $ 12 at the end of the year, to close 2013 above $ 700, exceeding $ 1,000 at times, according to data from Buy Bitcoin Worldwide.
For the second halving something similar happened, the price of bitcoin started in 2016 above $ 400, when the event (halving) took place in July 2016 the value was about $ 650. Then it approached $ 1,000 again At the end of the year and in July 2017, it was around $ 2,500. At the end of that year came the biggest bullish career in the cryptocurrency market, with bitcoin approaching USD 20,000.
What to expect?
The clock of some websites specialized in cryptocurrencies, have already set the approximate time in which the HALVING 2020 can occur, according to their calculations we are less than 80 days for the most expected cryptographic event of the year to take place.
To be honest I don't know what to expect, I remain optimistic that BTC has an important rebound in its price and positively affects the rest of the cryptocurrencies including our appreciated STEEM.
Thank you friends, I will be happy to read your opinion on this topic, and answer all your comments.
PROJECT #hope An Initiative to give hope!
