What Is Bitcoin Halving? - IAAC Day 37

Another beautiful day in Spain, and we are in another lockdown day... lol... Okay, we can go out in a certain period of a day, but no whenever we want... Anyways, it was a great day and I'm happy that I'm still on the Earth alive and probably pissing off some people with my vlogs... lol... #IAmAliveChallenge, day 37 and counting!

Probably the most important days in a Bitcoin history are the halving days... What is it exactly?

A bitcoin halving (sometimes 'halvening') is an event where the reward for mining new blocks is halved, meaning miners receive 50% fewer bitcoins for verifying transactions.

As you probably know, in these moments, all governments around the world are printing money as crazy... They are "helping" people by giving them money for locking them in their homes... Actually, those are just breadcrumbs that they are giving to ordinary people, the majority is, of course, reserved for big companies and future bailouts...

Doing that, they are "fixing" the problem in the short-term (as they have done in the past), but doing huge damage in the long-run... Ordinary people are searching for "secure places" to protect their wealth, and besides gold and silver, Bitcoin and cryptocurrencies are new solutions for that...

In the past, Bitcoin halving was always a trigger of big price bumps, not just in BTC value, but also moving other cryptocurrencies with itself... Will that be the case after this one? We will probably see that in the next few months, and almost sure the next year...

Check out #IAmAliveChallenge, created by @flaxz! You can find more details about this challenge here: https://peakd.com/hive-100421/@flaxz/glmrrjya

Thank you for your valuable time,

~ph~

Music in video:
Growing Up by Scott Buckley https://soundcloud.com/scottbuckley
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