Bitcoin Halving Day And Things To Prepare For Making Profit
Bitcoin halving day, commonly known as halving, is the event when the reward for Bitcoin miners is cut in half from the previous reward. This event is estimated to occur every four years. This policy mechanism is written into the Bitcoin mining algorithm to address inflation while maintaining scarcity. Historically, the reduction in the Bitcoin emission rate has led to an increase in BTC price after halving. Bitcoin Halving Day is a period awaited by Bitcoin investors every 4 years. During this time, the reward for crypto mining will be halved. This limits the supply of Bitcoin - which will only be 21 million coins. The scarcity of supply and high demand often become the factors behind new rallies. Bitcoin Halving Periods Referring to its historical trend, since Bitcoin was first created in 2009, Bitcoin has undergone three halvings: The first halving occurred on November 28, 2012, when the miner's reward, initially 50 BTC, dropped to 25 BTC. The second halving occurred on July 9,