Bitcoin BTC halving explained simply.
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00:00 Intro
00:15 What Is The Halving
02:21 Halving History
05:02 Getting Ready
06:58 This Time Different
09:57 Why It Matters
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I’m not going to waste your time here’s a no BS explanation of the Bitcoin having with less than 90 days to go until the next Bitcoin having it’s time to discuss why this event is so incredibly important for the entire cryptocurrency space not just for Bitcoin so what’s Bitcoin having well
But simply every four years the amount of Bitcoin that miners are rewarded for running the network is cut in half so right now every 10 minutes approximately there’s a new block created that’s gets encoded into the network from April the block rewards that those guys get for
Doing that work gets cut in half now this mechanism was established to ensure the early rewards for the network were there while also slowly decreasing inflation over time to ensure longevity the network now this has been associated with broader Market Cycles in crypto essentially Bitcoin havingsex having again April this year
So get ready but interestingly one of the reasons why the Bitcoin having is such a mystery to many people is because no matter how many times you go and read over satoshi’s Visionary Bitcoin white paper you’re not actually going to find any mention of a Bitcoin having in there
In fact the only deflationary mechanism that you’re going to find in bitcoin’s proof of work section is actually just adjusting the mining difficulty for Bitcoin as stated increasing Hardware speed and varying interest in running nodes where if Bitcoin is mining too quickly the difficulty of obtaining it
Will increase okay but it wasn’t until a couple of months later after that that Satoshi Nakamoto turned the concept of Bitcoin into a reality using the cipher Punk mailing list to distribute Bitcoins source code out to a bunch of well you know hardcore computer nerds basically Bitcoins remaining def infation mechanisms were
Introduced thereafter a hard cap of exactly 21 million Bitcoins exists and having the amount distributed every four years is what the having does fun fact the last Bitcoin having will be in 2140 approximately it’s a long time from now our grandchildren will see it now let’s talk about the history of Bitcoin happen
Because this is very interesting since the introduction of Bitcoin we’ve had three having events take place the first occurred in 2012 cutting the ward of Bitcoin from 5050 per block down to 25 per block shortly afterward many miners who were overleveraged ended up throwing in the towel Bitcoin mining games a
Pretty brutal business this caused the difficulty of mining Bitcoin to adjust and become easier for miners that remained it’s a self-correcting mechanism a year later almost to the day we saw our first Bitcoin Bull Run Bitcoin saw its second having event in 2016 team dropping the reward again
Because that’s what the HS do per block from 25 Bitcoin down to 12.5 Bitcoin following in line with the previous having Bitcoin kicked off its second major bull run one year later then like beautiful Clockwork 2020 rolls around and the Bitcoin reward gets cut in half again but with bitcoin’s
Popularity greater than during any of the previous havingsex than it would have been because of the pandemic in 20120 but still Bitcoin kept Bitcoin it’s what it does giving us our third major bull run the following year and pushing the price higher than we’d ever seen it before up
To about 70k solidifying our current alltime High currently about 900 Bitcoin a day are given to miners as the reward for running the network that is going to drop to 450 in April when the Bitcoin having happens 225 in 2028 when the next Bitcoin having happens 112.5 in 2032
When miners will actually start receiving less than one BTC per block for the first time in history at some point the impact of Bitcoin happs I believe will diminish in the fouryear cycle that has dominated crypto for so many years will probably go away but until that happens the four-year cycle
Around the Bitcoin having remains a proven Theory so how do you get ready for this Bitcoin having thing do you need to do anything no you don’t need to do anything okay what you should do to prepare for the having just sit back relax and enjoy if you’re listening of
Course to the naysayers and haters out there they’re going to tell you it’s the end of Bitcoin completely not true Bitcoin Min is ad just everything will be fine maybe there’ll be a a price correction afterwards anticip ation reality buy the rumor sell the news all
That kind of stuff but history tells us that something very different is taking place here placing each having event side by side paints a beautiful picture for investors a beautifully bullish picture historically there’s no better time to invest in Bitcoin than before a Bitcoin having occurs although the six
Months after the Bitcoin having probably still a pretty good time to buy in most cases not because I or anyone else says so by the way but it’s just the laws of supply and demand they’re what prove it with every reduction of the bit Coin Block reward the price of Bitcoin has
Jumped significantly by the following year because theand keeps going up doesn’t it while not impacting the price immediately the long-term effects of each Bitcoin having should not be ignored of course of course of course guys this is Bitcoin and we do love to speculate on what the price could be no
One really knows we all like to have our guesses with having of course being the only bullish event we’ve always been able to count on going back to the beginning of time no back to the previous having we can see that as evidence in 20120 speculators believe that Bitcoin would Peak somewhere
Between 350 and $450,000 by the following year so this is a warning to remember price predictions are just that okay everyone’s got a price prediction like butts you know but some of them stink we’re tracing back to around $200,000 by 2024 around the having but that’s not
What happened right nice wish but of course never happened Bitcoin never does exactly what you think is going to do price-wise although it just does go up long in the wrong run right price action peaked around 70k November 2021 which is great I thought it was going to 100K
Didn’t happen s falling short of course reaching anything what was being speculated though again wild speculations coming out back at the time but by the time the 2021 Bitcoin having bull run finished bitcoin’s price had already increased by over 530 per. not bad at all for Bitcoin right that’s okay
As new factors like the bitco coin ETF are now coming into play Bitcoin become even more linked to the equity Market movements going forward and thus again as mentioned that long-term impact of Bitcoin having may start to diminish over time as a predictive tool for like
Okay this is when a new market cycle starts go but if the past Rhymes then the chance to buy reasonably priced Bitcoin and altcoins is running out you maybe have nine more months from the time you watch this video so is the 2024 having really going to be different well
With more interest in Bitcoin than any previous having of course it’s always different but it’s always kind of the same too experts like Kathy Woods believe that this time is indeed different but not for the reasons that you might think besides the obvious reasons of just less Bitcoin being
Released each year each month each week each day by the miners making the existing supply of course more valuable all while demand continues to rise so there’s that to factor in also Bitcoin is going to cross a pivotal moment when the block reward is actually reduced
This year because For the first time in history the amount of Bitcoin available to mine each year will be reduced to less than 1% of the total Supply not only that this year’s having event puts the supply growth rate of Bitcoin below that of gold for the first time ever
Making Bitcoin officially a store value than gold also thanks to the Bitcoin ETF owning Bitcoin is now easier than any previous having opening up a flood gate potential Capital to come into the market and the development of Bitcoin layer 2 technology like ordinals the lightning Network root stock all this
Stuff that’s all helped to reduce the amount of Bitcoin in circulation people are using Bitcoin on these different Layer Two networks now here’s an interesting thing to consider 2012’s having 10.5 million Bitcoin Supply 2016’s having we had 15.7 million Bitcoin out there 2020s having 18. 375
Million and then in 2024 is having we’re going to have around 19.7 million Bitcoin which represents almost 97% of the entire Supply in 2028 will’ll be at 20.3 million Bitcoin which represent around 98% of the total supply of Bitcoin that will ever exist it’s crazy it’s crazy how the having effects price
Can be Illustrated also if you look at something like the stock to flow model which has had its grisms in the past but still useful reference showing us how the scarcity of Bitcoin directly affects the price over time you can see at the dark purple areas have always indicated
The best buying opportunities for investors looking get reasonably price good value Bitcoin so why are Bitcoin having so important we know why it’s important for us it’s the kaching kaching baby the Bitcoin price of Bitcoin they’re actually pretty good for the overall health of the Bitcoin Network too keeping Miners And
Basically every participant bound to this strict set of rules that can never be manipulated remember bitcoin’s monetary Supply monetary policy is set the having remind us all why Bitcoin is the best damn store value in town that we can own helping reduce the supply of Bitcoin coming into markets new
Emissions every four years seems like a pretty straightforward thing to do and a pretty cool idea I mean Satoshi dude this dude thought it out didn’t he what a genius but it affects more than the amount of Bitcoin just being produced it also affects the amount of Bitcoin available for purchase because Bitcoin
Miners are some of the biggest sellers in the market and they are about to have their ability to sell Bitcoin reduced by half the first two having events the amount of Bitcoin available for purchase actually increased because miners were getting so much Bitcoin it was outstripping demand it’s changed
Recently starting with the 2020 having the amount of Bitcoin available started getting smaller and smaller and smaller that’s the available purchase to purchase on exchanges with more than 19.5 million Bitcoin M already only less than two million are available for purchase on exchanges imagine that that’s crazy man with each having this
Amount decreases by the way following the 2020 having we actually saw the amount of Bitcoin available for purchase drop by more than 20 freaking per. and while this is happening the amount of addresses holding one Bitcoin or more keeps Rising so if the having was a selling event wouldn’t the amount of
Addresses holding one Bitcoin shrink food for thought people are holding 75% of Bitcoin has not moved on chain over year people are holding long term this may be the last chance event here last chance to get Bitcoin at the lowest price if not for the next year
Possibly forever grain of salt it’s also a chance for us all to stop and think about the alltime highs and start looking at the all-time lows and thinking about where is Bitcoin going that’s because within the first six months of every having Bitcoin posts its lowest price available post having
Forever we’re never seeing a $100 Bitcoin again a $1,000 Bitcoin or even a $10,000 Bitcoin again don’t pay attention to the Bears okay each having is without a doubt The Best Time Ever to buy Bitcoin historically speaking anyway thanks for watching
27 Comments
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Can anyone explain AMZPKK? I am curious and wanna know
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With AMZPKK around the question is how much to obtain? This is one of those where ppl regret if they did not run with the lowest entry ever
Just few days in 2024 seems like AMZPKK did everything right to make sure we will have a very green and strong year and who knows how far that road will go, finding a good one has never been that easy and yet there will be 80-90% or more not having the knowledge at the right time. Maybe my words will help some to understand what is going on
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Those who like me were too afraid to step into let me tell ya something, 2024 is gonna be our year because AMZPKK is having all the utility and power an asset should have. this is the first major improvement to go into a direction that even casuals will love it and I am more than enlightened to witness this one
You dont learn anything from this video but you would with AMZPKK . How about just stopping to waste time for a second and understand why everyone and their mums talk about this thing now? I didnt believe it myself but now I write a similar comment lol
If AMZPKK is everywhere you should probably ask yourself why that is the case? Obviously the move we have here is beyond what we had in the last 10 years or so. This comes with a plan, a plan which will make us survive when we can finally make own decisions and start to become independent. I know it sounds a bit odd that THIS company out of all of them is endorsing this living style but if you follow the lead you might understand why and how that works. Im just leaving this here, might be useful to some
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I can't stress enough that AMZPKK is making it 2024. Do you really want to put all trust into random alts and memes which will never work for you because at the moment you heard about them it is already too late and the ones who told ya are laughing about you? The way to change that is understanding how AMZPKK works and what that does
Good video, Lark. Congrats!
Can't wait π
Wow
π
This is one of my favorite channel Thanks for breaking it down!! I'm glad I can still smile, l'm really happy for today βΊοΈ. I finally got my profit of $70,000 on this crypto investment after feeling so escatic and heavy minded that nothing good can come out of it
I'm really interested in your take on new tech in the crypto space, Lark. Tectum's Softnote and $TET seem to be under the radar but could impact Bitcoin scalability post-halving. Could you share your insights in a video?
NEO pays GASβ½dividendsπ₯
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I hear Bitcoin like 1000x π
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