hey bro is halving bitcoin will touch bitcoin price .i mean after halving will price go up or investors will leave bitcoin .please explain in basic words i am new in crypto world please help
Every 10 minutes, the bitcoin network produces new bitcoins to reward the people (miners) who run expensive computers that secure the network and confirm transactions. Every ~4 years, that amount that is produced every 10 minutes is cut in half. When bitcoin launched in 2009, the reward was 50 bitcoin. Then 25. Then 12.5, and now with the 3rd halving, the reward is now 6.25. So every 4 years, the amount that is produced every day is cut in half. This makes bitcoin become more rare every 4 years. Hope this helps.
I'm glad I know that I don't know nearly enough and don't have time to learn how to even attempt any of this. I'll just keep slowing stacking sats and building my Hive by writing and putting out videos.
hey bro is halving bitcoin will touch bitcoin price .i mean after halving will price go up or investors will leave bitcoin .please explain in basic words i am new in crypto world please help
Every 10 minutes, the bitcoin network produces new bitcoins to reward the people (miners) who run expensive computers that secure the network and confirm transactions. Every ~4 years, that amount that is produced every 10 minutes is cut in half. When bitcoin launched in 2009, the reward was 50 bitcoin. Then 25. Then 12.5, and now with the 3rd halving, the reward is now 6.25. So every 4 years, the amount that is produced every day is cut in half. This makes bitcoin become more rare every 4 years. Hope this helps.
I'm glad I know that I don't know nearly enough and don't have time to learn how to even attempt any of this. I'll just keep slowing stacking sats and building my Hive by writing and putting out videos.
I think we've all been there at some point of our early trading days. It's a good lesson to go through.