Bitcoin Prices Ahead and After Reducing Bitcoin May 11, 2020
By: Gilang Rama
Tags: Cryptocurrency, Bitcoin, Saving, Blockchain, Mining

Bitcoin Prices Ahead of and after Halving day bitcoin 2020, this is rarely learned by beginner bitcoin traders, and maybe this is the fact that beginners are average bitcoin traders. when they forget these histories, as a result they only understand from the writings of chat groups or chat rooms, this results in a half-half understanding of the history of bitcoin. What is Bitcoin Day Halving? Halving Bitcoin. actually not new because it has already happened and not only on Bitcoin, but also applied to a number of cryptocurrency assets that hold the Proof-of-Work (PoW) consensus algorithm. Following the historical pattern of the rise of Bitcoin in the past, indeed after or before Halving Day, the price of Bitcoin rose high. The third Halving Day is expected to fall on May 11, 2020. This Halving Days is scheduled to occur every four years, reducing the amount of new bitcoin generated until the reward reaches 0 in 2140, to produce a fixed money supply of 20,999,999,9769 BTC. These previously programmed inflation limits are the main drivers of currency economic controversy, value appreciation and speculation. History of the First Halving Day of Bitcoin Halving Day Bitcoin November 28 2012 Bitcoin Halving Day ever happened when the Bitcoin Selling Value was $ 12.25 After 10 days later the Bitcoin Selling Value was $ 13.43 In line with the original design, the rewards per block will be reduced by half every 4 years or every 210,000 blocks. for maturing Bitcoin. the number of coins made to reward miners experiences the first reduction, initiating a long and gradual process of reducing the number of new currencies entering the economy. History of the Second Halving Day of Bitcoin Halving Day Bitcoin July 09 2016

After the first bitcoin day halving took place on November 28, 2012, it is now time to have a second bitcoin day and now the price of Bitcoin is $ 652.14 Bitcoin value 10 days later: $ 674.03, Block Prize decreases for the second time in the history of Bitcoin, resulting in a prize only at 12.5 bitcoin per block being mined. The 50% reduction automatically continues the original design of Bitcoin to gradually reduce the number of newly created bitcoins until the block prize ends fully, which is expected to occur in 2140. History of Bitcoin Third Halving Day Halving Day Bitcoin is expected to fall further on 11 May 2020, for details we will make after having a bitcoin day, and you can visit the reformer in the following post HISTORY OF HALVING BITCOIN.

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