Topic: Bitcoin Halving: Things you need to know | Crypto Publication (Read 125 times)
I would only add that each new halving has lower fundamental impact and higher speculative impact on price. Since the very first halving decreased inflation from 25% to 12%, second halving from 9% to 4,5%, third one decreased inflation from 3,8% to 1,9%. Fundamentals behind current halving were like 15 times lower comparing to first halving. Next halvings will stop to have any fundamental influence on price since decrease from 1% inflation to 0.5% inflation is like nothing. Both are close to dust.
What is bitcoin halving event?
Here you can know about what is bitcoin halving?
The Bitcoin Halving event marks where Bitcoin mining rewards will be cut precisely in half. Bitcoin halvings are scheduled to occur once every 210,000 blocks – roughly every four years – until the maximum supply of 21 million bitcoins has been generated by the network. Once the Bitcoin halving takes place, the amount of Bitcoin mined per day will decrease from 1,800 BTC to 900 BTC. last Bitcoin halving takes
https://imgur.com/6yBOloX
Source: coinmetrics
How can I trade in time of the Bitcoin Halving?
There are two ways to trade bitcoin’s halving in 2020. You can speculate on the price of the cryptocurrency using derivatives such as CFDs, or buy the coins outright via an exchange. Learn more about cryptocurrency trading and how it works. Read more on https://www.plus500.com/Trading/CryptoCurrencies
Our analysis on the bitcoin halving:
From a percentage-perspective, it certainly is lower than those other two occasions, with the 180% rise falling short of the 277% and 531% upside seen before. Nevertheless, the upside we are likely to see within each phase is expected to normalise as the price of bitcoin increases.
How do I manage the risks of trading Bitcoin?
There are various measures you can employ to manage your risk, including limiting the capital you put into each trade. That can be 10%, 5% or less depending on your trading strategy.
You can also use risk management tools like the Stop Loss and Take Profit orders that you will find on the Plus500 platform. Stop Loss stops out your trades when the value of the asset falls to, or past, a certain level. Take Profit allows you to close a position when it has accrued a certain level of profit in order to lock in the profits. There is also the Guaranteed Stop order, for which a fee is charged but it guarantees that your position will close at the exact rate you specify.
Bitcoin halving Stats:
2012 Halving:
The 2012 block halving was the first halving.
New BTC Per Block Before: 50 BTC per block
New BTC Per Block After: 25 BTC per block
Price on Halving Day (28.11.2012): $12.35
Price ATH for 2012 halving: ~1147$ on 04.12.2013 (after 371 days)
Lowest prices since ATH: 177$ on 14.01.2015 (after 406 days)
2016 Halving:
The 2016 was the second one ever.
New BTC Per Block Before: 25 BTC per block
New BTC Per Block After: 12.5 BTC per block
Price on Halving Day (09.07.2016): $650.63
Price ATH for 2016 halving: ~17$k on 17.12.2017 (after 526 days)
Lowest prices since ALH: 3200$ on 15.12.2018 (after 363 days) *speculation*
2020 Halving:
New BTC Per Block Before: 12.5 BTC per block
New BTC Per Block After: 6.25 BTC per block
Price on Halving Day (~24.05.2020): $XXXX
As based on history halving we shall add 155 days to get the approximate date of ATH for the third halving - 05.04.2022 (after 681 days)
NOTE: this is not going to be 100% sure because the speculation is based on history events, it does not repeat itself but it rhymes. It's a interesting point of view. Have fun
Upcoming Bitcoin Halving:
Historical bitcoin halving dates
Bitcoin halving has occurred twice before. First in 2012, where the reward per block dropped from 50 to 25 bitcoins. Following this, another halving occurred in 2016, where the reward per block dropped from 25 to 12.5 bitcoins. See below for a more detail explanation into the history of bitcoin halving and predictions for the future.
https://imgur.com/sK6dPe6
Source:https://www.cmcmarkets.com/
As you can see from the above table, the amount of bitcoin mined and the block reward drops by half at every halving event. By 2032, over 99% of bitcoin will have been mined and it is estimated to take up until 2140 until 100% of the total bitcoin is mined.
Summary:
Bitcoin halving is a fundamental event that changes how much bitcoin is supplied from mining. Although it should not be used in solitary as a trading indicator, it can be used alongside other fundamental or technical analysis factors to help determine bitcoin’s future price action.
Here you can know about what is bitcoin halving?
The Bitcoin Halving event marks where Bitcoin mining rewards will be cut precisely in half. Bitcoin halvings are scheduled to occur once every 210,000 blocks – roughly every four years – until the maximum supply of 21 million bitcoins has been generated by the network. Once the Bitcoin halving takes place, the amount of Bitcoin mined per day will decrease from 1,800 BTC to 900 BTC. last Bitcoin halving takes
https://imgur.com/6yBOloX
Source: coinmetrics
How can I trade in time of the Bitcoin Halving?
There are two ways to trade bitcoin’s halving in 2020. You can speculate on the price of the cryptocurrency using derivatives such as CFDs, or buy the coins outright via an exchange. Learn more about cryptocurrency trading and how it works. Read more on https://www.plus500.com/Trading/CryptoCurrencies
Our analysis on the bitcoin halving:
From a percentage-perspective, it certainly is lower than those other two occasions, with the 180% rise falling short of the 277% and 531% upside seen before. Nevertheless, the upside we are likely to see within each phase is expected to normalise as the price of bitcoin increases.
How do I manage the risks of trading Bitcoin?
There are various measures you can employ to manage your risk, including limiting the capital you put into each trade. That can be 10%, 5% or less depending on your trading strategy.
You can also use risk management tools like the Stop Loss and Take Profit orders that you will find on the Plus500 platform. Stop Loss stops out your trades when the value of the asset falls to, or past, a certain level. Take Profit allows you to close a position when it has accrued a certain level of profit in order to lock in the profits. There is also the Guaranteed Stop order, for which a fee is charged but it guarantees that your position will close at the exact rate you specify.
Bitcoin halving Stats:
2012 Halving:
The 2012 block halving was the first halving.
New BTC Per Block Before: 50 BTC per block
New BTC Per Block After: 25 BTC per block
Price on Halving Day (28.11.2012): $12.35
Price ATH for 2012 halving: ~1147$ on 04.12.2013 (after 371 days)
Lowest prices since ATH: 177$ on 14.01.2015 (after 406 days)
2016 Halving:
The 2016 was the second one ever.
New BTC Per Block Before: 25 BTC per block
New BTC Per Block After: 12.5 BTC per block
Price on Halving Day (09.07.2016): $650.63
Price ATH for 2016 halving: ~17$k on 17.12.2017 (after 526 days)
Lowest prices since ALH: 3200$ on 15.12.2018 (after 363 days) *speculation*
2020 Halving:
New BTC Per Block Before: 12.5 BTC per block
New BTC Per Block After: 6.25 BTC per block
Price on Halving Day (~24.05.2020): $XXXX
As based on history halving we shall add 155 days to get the approximate date of ATH for the third halving - 05.04.2022 (after 681 days)
NOTE: this is not going to be 100% sure because the speculation is based on history events, it does not repeat itself but it rhymes. It's a interesting point of view. Have fun
Upcoming Bitcoin Halving:
Historical bitcoin halving dates
Bitcoin halving has occurred twice before. First in 2012, where the reward per block dropped from 50 to 25 bitcoins. Following this, another halving occurred in 2016, where the reward per block dropped from 25 to 12.5 bitcoins. See below for a more detail explanation into the history of bitcoin halving and predictions for the future.
https://imgur.com/sK6dPe6
Source:https://www.cmcmarkets.com/
As you can see from the above table, the amount of bitcoin mined and the block reward drops by half at every halving event. By 2032, over 99% of bitcoin will have been mined and it is estimated to take up until 2140 until 100% of the total bitcoin is mined.
Summary:
Bitcoin halving is a fundamental event that changes how much bitcoin is supplied from mining. Although it should not be used in solitary as a trading indicator, it can be used alongside other fundamental or technical analysis factors to help determine bitcoin’s future price action.
Jump to: