Bitcoin halving will take place tonight. Everyone believes that this event will positively affect the Bitcoin (BTC) price. However, there is no guarantee of such a thing!
Today is a very important day for the cryptocurrency community. Because Bitcoin (BTC), the largest cryptocurrency by volume, halving will happen. So miners’ earnings will drop by half. Considering the events in the past, cryptocurrency investors are worried about this situation. expectations high.
Bitcoin halving has also occurred in 2012, 2016 and 2020 so far. This incident occurs every 210 thousand blocks. According to Binance’s counter tonight around 02:15 It will happen. Thus, for the Bitcoin network a brand new era will have started.
What happened in previous halvings?
Bitcoin (BTC) price before the first halving on November 28, 2012 12 dollars was trading at levels. About 6 months after the first halving, levels of $130 were seen. The second halving, which occurred on July 9, 2016, caused the price of $660 to rise above $900. The last halving, which occurred on May 11, 2020, increased the BTC price. in 6 months He increased it from $8,600 to $15,700.
But these are not the only ones. For example, the Bitcoin halving in May 2020, after a very big bull season made it happen. In this context; BTC price rose to 69 thousand dollars. This being the case, crypto money investors will also take part in this halving. They believe they will make a lot of money.
But nothing is guaranteed!
Past halving events affected the BTC price reflected positively. However, this does not mean that every halving will be reflected in the price in the same way. The only thing that the price of TC and other crypto assets depends on is halving not.
To give a simple example; Middle EastThere is serious confusion in . In particular, the tension between Israel and Iran has caused serious blood loss in the cryptocurrency markets. caused. Ultimately, the value of something depends on how much money is invested in it, and in extreme events such as war, investors do not prefer to keep their money in the stock market.
If you are a cryptocurrency investor, do not pin your hopes only on the halving. Manage risk well and Don’t invest with money you can’t risk.. Otherwise you may lose all your money.
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*This content cannot be considered investment advice.