Bitcoin Halving is less than 50 days, the world economy collapses
On or about 13. May will see the BTC network, a reduction of the block reward, the Miner will be reduced to the halving of 12.5 coins per Block to 6.25 coins. The last halving of the block reward of the Protocol took place on may 9. July 2016, and the world economy looked quite different. This Time, the BTC miners see a reduction in the reward, but the global financial system is collapsing, and the value of the digital Assets is much lower than four weeks ago.
It is kind of hard to believe that BTC was traded in last month for much more than it is today, on 14. February 10.371 USD per coin. On the other hand, believe it is always easier to be that nowadays everything is possible, because the whole world is shattered by the economic Hardship of the Covid-19 pandemic. Bitcoin is now traded for 6.900 USD, and the network will see it within 50 days, a reduction of the block reward of 12.5 BTC per Block to only 6.25 BTC. The last halving took place in 2016, and April is expected to halve is for the 13. May provided.
Apart from the current Price lows, the ongoing has thrown economic uncertainty worldwide, a shadow on the crypto markets in General, and no one is quite sure what happens next. For the first Time since the birth of Bitcoin, the crypto currency is caught in the midst of a global financial crisis, and many people believe that the technology for this event was created. In the midst of economic disaster, and regardless of the price, the on 13. May will be cut in half the revenue of the Miner immediately.
#Bitcoin leveraged longs are liquidated, the system cleared. Traditional system did not clear because of circuit breakers, bail outs, non 24/7: who knows how many blow ups are out there?! Markets show current $5trillionUSD promised QE is not enough. Bitcoin halving in May. #DoTheMath pic.twitter.com/tdtvLBtwNV
— PlanB (@100trillionUSD) March 19, 2020
The Miner will also encounter other obstacles, because Satoshi Nakamoto has probably never accounted for two other SHA256-networks. In the year 2020, there will be three Blockchchains that share the same SHA256 algorithm, and some of the process blocks for the Miner in all three networks. In the case of a larger number of Mining Pools can be observed, such as the Hashrate of the Chain switches to the Chain, in the hope of achieving better profits. Approximately one month prior to the halving of BTC will also be reduced in the case of Bitcoin Cash (BCH) and Bitcoinsv (BSV) block rewards. Bitcoin Miner make this for quite some time, and there were several occasions when it was profitable, BCH reduce as BTC, or Vice versa. Since the Miner can take advantage of this opportunity to jump from Blockchain Blockchain, believe speculators that profit fluctuations with each network half be a drastic fail.
In addition, many BTC advocates are optimistic about the halving of the Bitcoin, but there are also some who think that this could be no big deal. The long-time Analyst and trader Peter Brandt, who has 334K Followers on Twitter, recently said that the bisection may be overrated. Brandt tweeted that the Bitcoin is semi-overrated control “coarse”. “The daily trading volume of BTC = the REAL delivery of BTC,” said Brandt. “The daily reduction of the mined Bitcoin is equivalent to about 2/100 of 1% of the REAL delivery”.
Bitcoin halving & bull market are approaching as the fundamentals are very much in place
Bitcoin is a ticking time-bomb 💣
Crypto Capital Venture ⚡ (@cryptorecruitr) March 24, 2020
As you said, the crypto-expert and trader Tone Vays, that the economic conditions would be likely to strengthen the BTC, rail Vays to think the opposite.
Actually, the halving, the before is so short is a bad thing, if this Zombie lasts for Apocalypse up in the summer,
Vays replied.
The BTC is the ground return could still crash, because the halving of the mountain people.
Also the popular crypto-traders Donalt seemed to see the situation is bleak.
The Miner will get half of the Bitcoin amount and you can sell in a couple of weeks ago at half the price. The halving sounds like a Fucking Deal, I’m not going to lie,
tweeted Donalt. Whether Bitcoin can be the reputation as a digital Gold will show in the next days, weeks and probably months.
Featured Image: Wit Olszweski | Shutterstock
