Bitcoin Halving is happening in 17 days

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As you may know, the bitcoin halving is happening in 17 days! What that means?

In just a few words:

As part of Bitcoin’s coin issuance, miners are rewarded a certain amount of bitcoins whenever a block is produced (approximately every 10 minutes). When Bitcoin first started, 50 Bitcoins per block were given as a reward to miners. After every 210,000 blocks are mined (approximately every 4 years), the block reward halves and will keep on halving until the block reward per block becomes 0 (approximately by the year 2140). As of now, the block reward is 12.5 coins per block and will decrease to 6.25 coins per block post halving.

As a trader, you have to be careful with these types of events because once the event happens, it may be a buy the rumor sell the news.
What this means?  It means that the price can be inflated before the event and once the event happens, people sell or go short, and the price decline for a short period.

As an investor, this may be the best thing that happens. Investors don’t look at short period price fluctuation; they care about what happens in months/years. The supply will get cut by half, which means BTC is a deflationary asset.

In other words, expect high volatility in the next period.

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Happy trading.

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