Hello guys another post from your humble boy
lol ....
My post today is based on future possibilities of BTC, no one can predict the future though but....
let's all have a look from this angle ,I have some few topics (not really a topic ) and I will want us to discuss with my opinion already added
Main:
halving valueToday some thoughts came to my mind that if btc is going to be halved every year will it be in accordance to the magnitude of the halving comparing the digits because I believe at some point the value will be a minute valueat some point
The current halving
6.25 =>3.125
Next
3.125 => 1.5625
Till ............ it will get to a point of 0.0.....
DISCUSSION:
at this point (0.0..) what happens to the value of BTCmy opinion: I believe at this point it's either it come closer to a stable coin or it gains a lower volatility. At that particular point I believe the halving value could be negligible compare to the value of the BTCand also, it should maintain a low margin range between the support and resistance level
Question:
will the price value gain pump in accordanceto the halving valueOP you're misunderstanding the entire halving process.
Firstly, Bitcoin halving does not occur every year. How does the Bitcoin halving cycle operate? Initially, miners received 50 BTC for each block they mined when Bitcoin was first created. This attracted early users to participate in mining, even before the success of Bitcoin became clear. The process involves reducing the rate at which new Bitcoin is produced by half every 210,000 blocks, which happens approximately every four years.
However instead of Bitcoin to gain a lower volatility, it will have a massive increase in the price which most person expect to be the next bull run. It has happened repeatedly and its likely to repeat again. In the past, roughly November 2012, when the price of BTC was about $12, the first halving happened. A year later, Bitcoin's price went up to almost $1,000. The second halving occurred in July 2016, and at that time, Bitcoin's price dropped to $670 but then went up to $2,550 by July 2017. Bitcoin also reached its highest price of about $19,700 in December 2017. During the most recent halving in May 2020, Bitcoin's price was $8,787, and it reached its highest ever, nearly $69,000, by November 2021. We are expecting to see what the next halving would be next year during April.