Skip to main content

Bitcoin Remains Bullish Three Days After The most Anticipated Bitcoin Halving 2020





Since the inception of the bitcoin network,the community and space experiences an event where bitcoin supply and miners reward is cut in half.which is known as bitcoin halving and this happens every four years. The third halving which took place almost 3 days ago on 11/5/2020 at 3:21 p.m EST at 8:20pm Nigerian time. This event was highly anticipated with uncertainties that price could surge high or dip. But after the third day the price rallied around $8k .and now trades at $9,666.69 as the time of writing this article.

Will The Price Increase Above $20k?

From the 20212 bitcoin halving history we have witnessed massive bull-run almost one year after every bitcoin halving. After the 2012 halving, the price of BTC/USD rose briefly from $11 to $12 before catapulting to $1,038 in just one year. That's a 9,336.36% increase in price.
Then, 210,000 blocks.
Then the second halving took place in 2016, the bitcoin price soared from under $1,000 per bitcoin to around $20,000 almost one year later. And so with this history in mind the bitcoin community and enthusiast anticipate nothing less, with the fact the bitcoin has had more popularity and more players,investors and institutions coming one could believes that the price could go from the current $9,666 price to above $20,000 the last all time high in 2017.



The obvious fact now is, the price has rallied around $8,400 since the last halving and has broken to $9,666. the community remains uncertain what could be the next move, but anticipate bitcoin could see another bull-run leading to a new all time high.




Comments

Popular posts from this blog

  Pick a niche The Blockchain and Crypto space is large and full of opportunities. Most people limit the industry to just a place to trade and make quick cash little do they know that you can actually build a career and achieve much more. There's a lot of skills required in blockchain technology. Firstly, you can become a trader, a day time trader or night trade it all depends on your schedule. You can actually make 10 to 20% of your capital daily or even more depending on the volume of your capital and trading strategy. you can become an investor who spots good coins and invests in a project you believe will do well, you can hodl, meaning you can buy and hold for short or long term period.  OTC trading is actually underrated, you can become an over the counter trader by just buying and selling cryptocurrency through the P2P Platforms or escrow groups, there's a lot of money to be made here if you move volumes on a daily. You can become an expert in technical analysis and give
WHAT YOU NEED TO KNOW ABOUT  NON FUNGIBLE TOKENS NFTs (or "non-fungible tokens") are a kind of digital asset with a unique kind of token-unlike other assets like bitcoin and dollar bills which have a particular and fixed amount that is accepted by all, NTFS have a unique price for every token. Every NFT is Unique, they can be used to authenticate ownership of digital assets like musical records, artwork, virtual real estates and pets. NFTs could be likened to a kind of certificate of authenticity for digital artefacts. They're are actually been used to sell a huge range of collectables currently including: *A tweet by Dallas Mavericks owner and entrepreneur Mark Cuban. *Video art by Grimes *The Original "Nyan cat" meme *Virtual real Estate in a place called Decentraland  and others...   As other digital assets like Bitcoin and other cryptos has grown in popularity over the years, NFTs have also soared — growing to an estimated $338 million in 2020. Each NFT is s

Differentiating Scam Crypto Projects And Legit Projects

Since Bitcoin became mainstream, we have seen countless scam schemes that claim to be crypto projects but are just scam projects that seek to cart away with investors money. a whole lot of them have succeed and are still succeeding in doing this. the reason why they keep getting away with this schemes, is that a lot of crypto enthusiasts and investors don't have a proper knowledge of how the cryptocurrency space works. This is the reason why we have decided to put some contents together both on our YouTube channel and podcast to give investors and especially newbies the heads up to figure out when scam projects come knocking. The crypto space is in its early stage with peculiar opportunities as well as challenges. There are scammers in probably every walk of life, seeking and exploring new ways and opportunities to extort their victims. below we will discuss give key points to figure out a scam or ponzi project. Five ways to know scam or crypto projects Important to