At this time, most people know what has happened. The continuous currency inflation rate of Bitcoin has been reduced by half, which will remain at a new level in the next year or so, and will be reduced by half again. We have introduced the technical aspects of halving in detail before, so we will not discuss it in depth this time, but the final effect is as follows: the completely predictable currency inflation will trend over time. Going to zero leads to the upper limit of bitcoin supply being slightly lower than 10,000 bitcoins and reaching it at some time around 2008. We have also discussed the non-technical aspects of this topic extensively during and after the last halving and for many years, but traditionally, we will update the answers for all newcomers. Some of the most common questions we see are halved. Does it affect the price? Is it included in the price? How will miners be affected? There is not enough time to introduce them in detail in an article. With these contents, we will answer the latter two questions very concisely, suggest some sources for those who want to go deeper, and focus on the first question. Anyway, this is the most interesting question. So, has the halving been priced? Isn't it impossible to make a thorough and necessary criticism of the efficient market hypothesis? We will guide interested readers to read the learned bitcoin written by Alan Farrington and Sasha meyers, which is the second chapter of Venice. As for the miners, they will be fine. It actually affects the price, but it may not affect the price in the most obvious way, at least not immediately. Our view is that halving the price will affect the price in two ways, one is slow and continuous, and the other is direct and temporary. This is an obvious way, and it will reduce the continuous supply rate by half, thus reducing the structural selling pressure of miners. It is only that this effect is not immediate, but it will affect over time, but the more direct fact is that halving is actually every time. A huge marketing campaign, which made people immediately pay attention to Bitcoin again, didn't you know that it didn't die this time? It injected adrenaline into the market, but it soon subsided. Let's look at the supply shock caused by halving them in more detail. The obvious impact of halving them is that the supply has decreased by half overnight, and the currency inflation rate of Bitcoin has decreased. However, this is not as influential as people think in the short term. Over time, most of its magic will play its role. Function as a thought experiment, let's consider the scale of bitcoin circulation relative to the current traffic from the United States. According to the current price, the bitcoin mining network produces about one coin every day, which means that even if miners sell all the tokens they mine every day, the traffic will still consume twice as much. Well, it will be twice as much after halving, but this will not change the fact that the only way to get so many tokens is to lead to the existing holders through upward repricing. Adding dormant tokens back to the market does not mean that it has no effect. Let's imagine that the price is several times higher than here. At this level, the same traffic will only consume one token every day, which completely balances the continuous supply. Assuming that there is no other business in the market, the impact of halving this price level will be even greater immediately. In the long run, halving the traffic can actually maintain the price level at a higher and higher level, or if the traffic drops at the same rate as the issuance, the price will be reduced. The level can be maintained at a similar level, which is definitely an important influence, but in the short term, it is completely overwhelmed by speculation. It is meaningless to look for any immediate impact. As a marketing activity, this is where the effect is immediately felt. Every time it is halved, the media will report it with immortal charm in the traditional media. At this point, those who heard about Bitcoin for the first time in the last bull market but thought it was dead will find that it is actually very good and often. The performance is much better than they expected. This time, the situation is indeed true. The price has approached an all-time high, even before it was halved. Even though the report is not always technically accurate, please see the screenshot above as an example. We think this new media attention is one of the key trigger points to rekindle the cyclical speculative fanaticism, which often attacks the Bitcoin year about once a year. At this time, the momentum becomes the driving force, and the classic bull market rises and starts every knot. If everything seems to be the same, the price will lead in a parabolic trend at a certain moment, and then there will be a cruel adjustment. We don't recommend trying to time these cycles. We think bitcoin is about the time of the market, not the timing of the market. The basic investment case is very clear, and a little bitcoin can help a lot. 比特币今日价格行情网_okx交易所app_永续合约_比特币怎么买卖交易_虚拟币交易所平台

注册有任何问题请添加 微信：MVIP619 拉你进入群

文章转载注明 网址：https://netpsp.com/?id=57217