HOT GOSSIP – BTC HALVING EVENT DUE TO COME EARLIER THAN EXPECTED
The Bitcoin (BTC) halving date my come earlier than the expected May 2020 date previously proposed. Due to the recent major increase in the hash rate of BTC, traders globally are now speculating that the halving will now come early than expected. For this halving however, the change of the date is not affecting the BTC price action in any way. When does the Bitcoin halving occur? Bitcoin halving occurs when a total of 210,000 blocks are successfully mined, once this number has been reached, the award on each individual block is reduced to half. A Blockchain halving event has …
BITCOIN BULL RUN IS COMING, ITS TIME TO ACCUMULATE
The beginning of the month of May 2019 saw the price of Bitcoin (BTC) surge past the $6,000 USD barrier since November 2018. Currently at time of writing the price of BTC is sitting at $6,167.80 +2.30 per cent. The upward trend is continuing, with the bullish period beginning in April 2019, with BTC sustaining its price above the $5,000 USD mark since that time. This latest surge in BTC market price highlights current conditions as an example of an occurrence which has previously been seen before in BTC history. Suggestions from cryptocurrency analysts such as Plan B recommend that …
Bitcoin History Repeats Itself: Block Halving To Kick Start The Next Bull Run
BTC (Bitcoin) is set to halve in the year 2020 and for the serious investor who considers crypto currencies as a lasting asset, this block reward halving that is set to happen could not come at a better time. This event will fuel the upward spiral of the price of BTC making it a positive financial catalyst for all investors involved. Historically if we look at when BTC has been halved in the past we can see the same positive upward trend repeat itself. Halving’s are the most bullish events in BTC history. In November 2011 BTC was worth $2 …
Recent Comments