Bitcoin Halving : New bitcoins are issued by the Bitcoin network every 10 minutes. For the first four years of Bitcoin's existence, the amount of new bitcoins issued every 10 minutes was 50. Every four years, this number is cut in half. The day the reward halves is called a "halving".
In 2012, the amount of new bitcoins issued every 10 minutes dropped from 50 bitcoins to 25. In 2016, it dropped from 25 to 12.5. Now, in the 2020 halving, it will drop from 12.5 to 6.25. *1
This pattern will continue from now until the 64th halving (if (halvings >= 64) return 0;) but in practical terms it means that by 2140 there will be no block subsidy at all that's gives us from 2024 to 2140 mining less than 1 million bitcoin price will sky rocket. *2
Total Bitcoin Right now 17,174,788 Next Halving mid 2020 and percentage will be 93.75% Mined leaving us with 1,312,500 BTC So Join The New World Order Happy Trading
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100 Likes to get updated quarterly
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Best suggested time to buy is a year before halving that around Q2 2019
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First period 2009 to 2012(pre halving) Available: 10,500,000 BTC (50% mined) Price increased from : 0.1 to 31 $ (319 % growth)
Second Period 2012 to 2015 (1st halving was 11/2012) Best Buy was a year before Halving Available :15,750,000 (75% mined) Price increased from : 1.85 to 1135 S (575% Growth)
Third period 2015 to 2018 (2nd Halving was 6/2016) Best Buy was a year before Halving Available :18,375,000 (87.5% mined) Price increased from : 165 to 19k S (115% Growth)
Forth period 2019 to 2022 (3nd Halving around 6/2020) Best Buy: ??? Available :19,687,000 (93.75% mined) less than i million and half left to be mined till 2140
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Q3 CLOSED Still inside triangle closing below 6k will lead us to these potential target
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First day inside the Red channel (Buying channel)
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Q4 Closed Happy new Year
we are now inside the buying zone see u next quarter
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Q1 closed
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Q2 Closed
Looking good, crossed the buying zone see u next quarter
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Q3 closed
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q4 closed we are on our way to halving, expected rise up in next 3 months
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Q1 closed now we are in a crossroad actually not just Bitcoin but also the manhood , within the ongoing pandemic covid -19 , just stay safe. PS avoid touching cash,use Bitcoin.
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Q2 Closed
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Happy New year 2021 will be a golden year for holders
Even without 100 likes you should go deeper in this TA. This is fundmental economic research in cryptocurrencies. If you don't become lambo, you will maybe become a professor before the next halving
fayyad
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@bionicol, See the tags above u will find "Beyond Technical analysis"
Have a nice day!