HODLing Bitcoin? Are you excited for the Bitcoin Halving?
By the time this post pays out, Bitcoin would have underwent it's third ever halving event. We here at @coingecko are very excited of this event as to what it would mean for the crypto space as a whole.
As you may know, a halving event is when the emission rate of a PoW coin gets reduced by 50%. In the case of bitcoin, this is to ease the bitcoin network into an eventual fully-fee based financial system.
What to expect?
Practically speaking, not much. Those who are directly affected would be the miners and mining pools, whom will see a direct reduction of bitcoin mined as the network reaches halving block. On the other hand, historically we have seen that halving events are followed by tumultuous price swings as the market readjusts to bitcoin's new inflation rate. Will this happen again in 7 days? This is where you may have been aware of the "Priced In" meme circulating around various crypto-circles.
What you think of Bitcoin Halving?
Come join us in our second ever virtual meetup as we talk with experts in the field about the ramifications of the Bitcoin halving.
Dear @coingecko,
This is definitely an exciting time 😄. Been following you and using you for a while now.
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You can read more below and be part of it now, we are waiting for you.
Launch of the HODL Tribe - A Crypto Social Community
Best,
@hodlcommunity
It will be interesting to see what it means for the price of transactions.
Join in and get insights from the experts we've invited if you want to ask them directly! That would be a top-notch question to ask.
Im joining! 🙋♂️
I'm excited ! it doesn't happen every year!
Exactly. Like the Olympics, it happens once every 4 years... or technically every 210,000 blocks mined.
Excellent example! Is the price of bitcoin likely to go down or up?
It’s like a solar eclipse, it’s not everyday. Still 4 days before the time comes!
I’m excited for the crazy price fluctuations! It’s been a while since I’ve done some swing trades, looking forward to there being some crazy stuff going on and possibly selling at a high and buying back at the bottom.
Heading off to your site now to check prices!
All the best! Considering bitcoin has done close to 20% increase in the last week, it would not be surprising to see some crazy swings ahead.
Another week of impatience!
Five days and 15h19 min.
I can't wait !!!
definitely join us in our virtual meetup as we discuss what's going to happen next together with the insider of the Bitcoin Mining Industry.
You can join the meetup for free here using this link