#halving
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gidooupdates · 1 year ago
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Get Free Bitcoin
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minaritrading · 1 year ago
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difofinance · 1 year ago
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Happy bitcoin halving day!!
For the first time in history, humans have a form of money whose supply increases by less than 1% per year.
This is a big deal because the hardness of our money is a control knob for our time preference: the degree to which we discount the future. The harder the money, the less its supply increases, the better it holds value into the future, the more it allows you to plan and provide for the future, the more you are able to curb your base immediate impulses in favor of rational future orientation.
All human progress and civilization is intertwined with us finding harder moneys. From cattle to salt to seashells to metals to precious metals, we've constantly progressed by moving to the harder money, allowing us more reliable ways for providing for the future, making us more future-oriented. This culminated with gold becoming the whole world's only money by the end of the 19th century, with annual supply growth of ~2%. Everyone on Earth could save in gold without fear of inflation.
A century of human catastrophe followed when governments banned the monetary use of gold & replaced it with their fiat credit, whose supply increases at ~14% per year. Saving became unattainable and the future more uncertain. Time preference rose as people became more present-oriented, and governments had infinite spending power at the expense of their serfs. Wars became longer and more likely with governments able to rob their citizens effortlessly to finance them.
Bitcoin fixes this. Not only does bitcoin allow us a form of money outside government control, it's also the hardest money to ever exist, making it the most advanced form of money ever, better than even gold. No matter what happens, you can be sure your bitcoin will never be diluted by more than 1% per year.
www.difo.finance
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ngcgpt · 1 year ago
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Get free USDT every day
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phneep · 1 year ago
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tradingan · 27 days ago
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Investor Wajib Tahu Apa Itu Bitcoin Halving?
Tradingan – Mengapa investor wajib tahu tentang apa itu pentingnya Bitcoin (BTC) halving. Adapun BTC halving terjadi setiap 4 tahun sekali. Kami akan menjelaskan kepada Anda dengan cara yang sangat sederhana dan kemudian kita akan mempelajari lebih dalam dampak peristiwa yang sangat penting ini bagi Bitcoin. Penjelasan Singkat Bitcoin Jika Anda telah memutuskan untuk mulai berinvestasi…
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crypto28ro · 2 months ago
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MOON – Cel Mai Catchy Ticker Dintre Toate: De Ce Este Moneda Viitorului și De Ce, Dacă NU Cumperi la 7 Cenți, o Să Regreți Amarnic!
1. Introducere și Context General Trăim într-o lume în care criptomonedele s-au transformat dintr-o curiozitate tehnologică într-un fenomen financiar global. De la minarea în subsoluri obscure până la lansarea unor proiecte gigantice la bursă, piața cripto a cunoscut mai multe suișuri și coborâșuri decât orice alt sector. De altfel, există deja zeci de mii de monede și tokenuri care se luptă…
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metablog2023 · 6 months ago
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Abbiamo provato l’ATM (bancomat) in Bitcoin
Abbiamo provato l’ATM (bancomat) in Bitcoin Abbiamo provato il bancomat di Bitcoin di Corso Unione Sovietica 237 (sì a Torino c’è ancora un corso così intitolato). Si tratta di un locale a piano strada, un tipico negozio come tanti altri. Un’insegna e le vetrine oscurate, il che contribuisce ad un’aura di mistero. Si entra suonando un campanello, di fatto un apriporta. Il locale interno è…
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fynzon11 · 8 months ago
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Bitcoin Halving: Everything You Need to Know
Grasp the influence of Bitcoin Halving on the fluctuations of the cryptocurrency market, the implications for mining rewards, and the prospective trajectory of Bitcoin. An essential read for all crypto aficionados.
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In the world of cryptocurrencies, few events generate as much anticipation and speculation as the phenomenon known as Bitcoin Halving. This event, which occurs approximately every four years, is a core feature of Bitcoin’s economic policy and has profound implications for miners, investors, and the broader cryptocurrency market.
But what exactly is Bitcoin Halving? Why is it important? How does Bitcoin Halving work and will halving impact bitcoin prices? In this article, we will delve into these questions, demystifying the concept of Bitcoin halving and providing you with a comprehensive understanding of this pivotal event in the Bitcoin lifecycle.
Whether you’re a seasoned cryptocurrency enthusiast or a curious newcomer looking to understand the intricacies of Bitcoin, this article aims to shed light on the mechanics, history, and implications of Bitcoin halving. So, let’s embark on this journey into the heart of Bitcoin’s deflationary economic model.
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What Is Bitcoin Halving? A Bitcoin halving, also known as a ‘halvening’, is a significant event in which the reward for creating new blocks in the blockchain is reduced by 50%. This means that miners will receive half the number of Bitcoins they would normally get for verifying transactions. These halving events are pre-programmed to take place once every 210,000 blocks, which is approximately every four years, until the total number of Bitcoins reaches its maximum limit of 21 million.
For traders, Bitcoin halvings are crucial because they decrease the rate at which new coins are introduced into the market. This scarcity of new coins could potentially drive up prices if the demand for Bitcoin remains high.
It’s important to note that while Bitcoin’s price has historically surged in the months leading up to and following past halvings, the specific conditions surrounding each halving are unique and Bitcoin’s demand can vary greatly. Therefore, past trends are not guaranteed to repeat themselves.
Why Is Bitcoin Halving Important? The significance of Bitcoin halving lies in its ability to potentially increase Bitcoin’s value by reducing its supply over time, a stark contrast to fiat currencies that typically depreciate due to inflation. This is reminiscent of how a Coke could be bought for a dime in the 1960s.
In essence, halving is a mechanism within Bitcoin’s protocol that ensures scarcity, a key factor that attracts millions to Bitcoin. However, the importance of Bitcoin halving extends beyond scarcity. It’s an event that garners significant attention.
For instance, Bitcoin halving tends to draw increased media coverage for cryptocurrencies and Bitcoin itself. As the event makes headlines, it sparks curiosity among potential investors who may not have previously contemplated investing in Bitcoin or delving into cryptocurrencies. This heightened interest can trigger a surge in Bitcoin demand as both new and seasoned investors seek to profit from potential price fluctuations triggered by the halving.
How Does Bitcoin Halving Work? To comprehend the concept of Bitcoin halving, it’s crucial to first grasp the fundamentals of Bitcoin mining.
Bitcoin employs a proof-of-work (PoW) system to authenticate transaction data. This system is named as such because the resolution of the encrypted hash requires time and energy, serving as evidence that work has been performed. In this setup, individuals utilize computers or specialized mining rigs to participate in the Bitcoin network, functioning as both transaction processors and validators.
When a block is populated with transactions, it is sealed and dispatched to a mining queue. Here, miners compete to be the first to crack the block’s cryptographic puzzle. Upon verifying the validity of the transactions within a block, they initiate a new one and receive a reward for their efforts. This procedure generates a sequence of blocks filled with information, forming what we recognize as the blockchain.
Every halving occurrence diminishes the incentive for participants in the network by 50%, slowing down the pace at which new bitcoins enter circulation. To give you a sense of scale, as of March 2024, more than 19 million bitcoins have been extracted, suggesting that approximately 2 million bitcoins are yet to be digitally ‘mined’.
How Will Halving Impact Bitcoin Prices? In the past, Bitcoin halvings have been linked to substantial increases in the cryptocurrency’s price. The reasoning behind this is straightforward: as the influx of new bitcoins into the market diminishes, demand could potentially outstrip supply.
Currently, about 19.65 million bitcoins are in circulation, with roughly 1.35 million remaining to be mined. As the availability of bitcoins decreases, their value rises, making them more appealing to investors.
It’s important to note that the surge in price doesn’t occur in isolation. Factors such as halvings often attract significant media coverage, leading to heightened public interest. This, in turn, fuels speculation and market activity, potentially enhancing Bitcoin’s value. Additionally, regulatory shifts like the recent sanctioning of spot bitcoin ETFs, an expansion in practical applications, and the state of the global economy can also influence its price.
Conclusion In the world of cryptocurrencies, Bitcoin halving is a significant event that has far-reaching implications. It’s a process designed to control the supply of Bitcoin and combat inflation, reinforcing Bitcoin’s position as a deflationary asset. Understanding Bitcoin halving is crucial because it directly impacts the reward that miners receive, which can influence their willingness to continue mining. This, in turn, can affect the security of the Bitcoin network.
The anticipation and aftermath of halving also often create substantial market volatility. While it’s challenging to predict the exact impact on Bitcoin’s price due to numerous external factors, historical trends suggest a general price increase following the event. However, it’s important to remember that investing in Bitcoin, like any other investment, carries risk. The impact of Bitcoin halving is just one of many factors to consider. As always, potential investors should do their own research and consider their risk tolerance before diving into the world of Bitcoin.
Bitcoin halving serves as a reminder of the ingenious design of cryptocurrency and its potential to challenge traditional financial systems. As we anticipate the next halving event, it will be fascinating to see how the landscape evolves.
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coin360br · 1 year ago
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hakobert · 1 year ago
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Was ist eigentlich #BitcoinMining? Einfach erklärt mit Untertitel auf #YoutubeDE. Freue mich auf euch und natürlich neue Zuschauer. Klickt www.youtube.com/hakobert
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todaynftnews · 1 year ago
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Donald Trump has revealed that his 2024 re-election campaign will be accepting donations in cryptocurrencies. This move aims to create a “Bitcoin army” to boost his campaign and stands in stark contrast to President Joe Biden’s cautious stance on digital assets. This decision marks the first time a major party nominee has integrated cryptocurrencies into their fundraising efforts.
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phantomcheck · 1 year ago
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Claim your BTC soon
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cryptooooo · 1 year ago
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Here’s a summary based on the link you provided:
Vitalik Buterin, co-founder of Ethereum, has introduced Ethereum Improvement Proposal (EIP) 7706, aiming to refine Ethereum's fee structure by proposing a new gas class specifically for calldata. This proposal seeks to address transaction costs by introducing distinct fees for data transmission, separate from execution and storage expenses.
If approved, EIP-7706 could lead to reduced fees for data-heavy transactions on the Ethereum network, promoting efficiency and affordability for users. This change aligns with Ethereum's ongoing efforts to enhance scalability and optimize its blockchain's functionality.
The blog likely explores the details of EIP-7706, including its potential impact on transaction fees, user experience, and Ethereum's broader ecosystem. It may also delve into the significance of this proposal in the context of Ethereum's evolution and competition with other blockchain platforms.
Overall, Vitalik Buterin's introduction of EIP-7706 highlights Ethereum's commitment to continuous improvement and innovation, particularly in addressing key challenges such as transaction costs and scalability, to ensure the network remains competitive and user-friendly in the rapidly evolving blockchain landscape.
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phneep · 1 year ago
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cryptohunterlive · 1 year ago
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