https://www.newsbtc.com/2020/01/13/only-120-days-remain-until-bitcoins-halving-heres-what-to-expect/
This isnt like a stock split. It a miners earnings incentive split. (for those that didnt know)
This isnt like a stock split. It a miners earnings incentive split. (for those that didnt know)
Thanks for explaining raiders but I'm still a little confused by this.
So ppl will lose half of their bitcoin assets?
All it means is that miners will be compensated less for mining bitcoin. Doesn't affect anyone that owns BTC other than price fluctuation.
Seems like an overrated event TBH. Mining has become so sophisticated/efficient in the last few years that the small players have been slowing getting forced out anyway.
Seems like an overrated event TBH. Mining has become so sophisticated/efficient in the last few years that the small players have been slowing getting forced out anyway.
The mining has really become streamlined since the last halving in 2016, a lot of it is moving to cold weather areas in Russia where electricity is cheap so that it is mined at the cheapest costs possible. So I think those big operations just gonna fill the void when the smaller miners can no longer be profitable with the halving.
Might get a short-term bounce but obviously hard to tell if the bounce is from halving or other factors sometimes.
https://bitcoinist.com/newly-launched-siberian-bitcoin-mining-farm-russia-largest/
Man this stuff better be legit otherwise that's a fuck ton of power to waste.
Might get a short-term bounce but obviously hard to tell if the bounce is from halving or other factors sometimes.
https://bitcoinist.com/newly-launched-siberian-bitcoin-mining-farm-russia-largest/
Man this stuff better be legit otherwise that's a fuck ton of power to waste.
you sure about that. I read it as comensation will be halved not the quantity. So if you mine 1000 bitcoins a day, you profit 2 instead of 1 for doing the work. (all of those numbers are completely fictional)
By all definitions its already legit. I can buy/sell/trade with bitcoin right now, regularly. There are bitcoin ATMs in stores, there is an entire online marketplace / purchasing system, Hell I can get a VISA/Mastercard that is bitcoin based.
Perhaps by some definitions but a currency/asset/financial instrument having value for a brief period of time doesn't mean it has staying power.
Adoption is still extremely minimal and real world utility pretty marginal.
And I'm pretty agnostic on its long-term usage. Just saying I wouldn't spike the football yet.
scarcity ( the big one ) and security Brother Pat. If every millionaire in the world wanted 1 bitcoin .. they wouldnt be able to buy one .. in other words theres more millionaires in the world than their are actual whole bitcoins. security wise the bitcoin blockchain has never been hacked. real world everyday usage is silly noone that believes in bitcoin thinks that its to be used as a point of sale currency. as far as a digitial currency for point of sale it will be something tied into a social media platform for moving money like a venmo type thing .. i will say as big of a long shot as it is, if LiteCoins litening netwrok ever took off , (1) that would be the best everyday digitakl currency BUT it would make bitcoin massively valuable as every node has to be staked with bitcoin.. or rather its a digital ledger that is settled in bitcoin.
forget all that .. just buy a casacious series 2 .. series 1 is the original so everyone wants one BUT series 2 has far less mintage and far less still intact as many people with a casacious opened them to cash in the first run to 20k .. im forgetting the numbers but lets say mintage was 1,600 i think it was less .. i know a year ago or so more than half the mintage had already been redeemed on the blockchain .. get you a one of those less than 1,000 in the world unreedemmed casacious .. last i checked they were going for appx 1.25 - 1.3 per .. ironically when the price gets lower that premium rises to about 1.5 as people hold them tigher
