Hello peeps!
Currently we have reached 17.000.000 millions of Bitcoin mined. I feel that the end is near...
This took place 24 hours ago and now we have around 1.500 more Bitcoin on circulation. Not long ago there was produced 1.800 BTC per day so this means that difficulty is making its thing... There are 4.000.000 Million more to be mined which can take around 100 years more to happen.
Feeling for today:
Its said the reward for mining is split in half every year and the # rate will get higher and become more difficult to mine over the coming years and that it would take until 2025-2230 to mine all the Bitcoin available so we still kinda a have a long way to go and should enjoy the cheap bitcoin we getting now because once we get to the point where it becomes so rare to create its going to become really expensive but also provide more stablity in the market. Its wise to hold onto every little BTC that you can yes you can ride the waves and sell the highs and buy the dips but try to keep a position in BTC going forward and im sure you wont regret it
Well at least thats the way i see it
The closer we get, the more difficult and expensive to mine
Supply decrease = price increase
Great article, thanks for sharing. I've smashed the upvote button for you!
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