What is halving Which causes the Crypto market and chart to be affected? This is a common problem in the market that many investors wonder about. The halving cycle will usually take place every four years. They attract the attention of many investors in the Crypto market. At the time of the halving cycle, the Crypto market will have an impact on the supply and demand of Bitcoin. Learn more details about this event with Crypto Trading!
Overview of things you need to know about What is halving?
What is halving? How does the halving cycle affect the Crypto market? Join Crypto Trading to answer the question right now.
Concept of What is halving?
The halving cycle is an event that occurs every 4 years. Or Bitcoin will occur when about 210,000 BTC volumes are mined. This is a special event for Bitcoin. The halving process is important in the BTC system. They control the supply of BTC into the market.
This is also an event that attracts considerable attention and speculation from many investors in the Crypto market. BTC mining refers to the need for investors to validate transactions. And then record them into a block so they can be added to the Bitcoin blockchain platform. According to records, the last three halving cycles were in 2012, 2016, and finally 2020.
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What is the impact of the halving cycle on the Crypto chart?
The halving event is of interest to the investor community participating in the Crypto market because it directly affects the entire market. First, investors’ money when holding Bitcoin remains intact after the halving. However, if investors want to speculate more about BTC, they will encounter difficulties because the supply is no longer as abundant as before. This could create an imbalance between supply and demand, causing Bitcoin prices to rise.
The history of Bitcoin shows that the price of this coin always increases after the halving. On November 28, 2012, the Bitcoin price was around 12 USD before the halving cycle. A year later, BTC continued to increase to nearly 1,000 USD. The second halving occurred on July 9, 2016, with Bitcoin price falling to $670. However, it then increased sharply to $2,550 in July 2017. The erratic ups and downs of the BTC coin are shown directly on the Crypto chart. And affects investors trading BTC using the Scalping method due to unpredictable prices.
Hunt for Airdrops with Scroll Crypto and the halving cycle
Scroll Crypto ecosystem was launched to the market to solve the outstanding problem of Ethereum. Investors participating in Scroll can hunt for Airdrops through programs.
What is the concept of the Scroll Crypto project?
Scroll is an ecosystem through a layer 2 blockchain platform. This ecosystem is built through zkEVM integration technology. The purpose of that construction is to solve problems such as high costs or slow transaction speeds of the Ethereum platform. The zkRollup solutions on the market today are designed to focus on DApps. This makes DApps inconsistent between layers and makes it difficult to move between. To solve this problem, Scroll took full advantage of zkEVM. They provide a better experience for programmers.
Why should you hunt for Airdrops using halving and Scroll cycles?
When the halving cycle appears, it means investors will have more difficulty making profits. This time, instead of trading cryptocurrency pairs. Investors can earn additional income through Airdrop hunting of the Scroll ecosystem. The Scroll ecosystem has a project development team consisting of scientists with many years of experience in the blockchain market.
Scroll’s DApp development partners include Uniswap and Lens Protocol. This has proven that Scroll Crypto’s ecosystem project is extremely reputable and transparent. Investors who participate in Airdrop hunting do not need to worry about the security and reputation of this project. When participating in Airdrop hunting on Scroll, investors only need to participate in Scroll’s program events. If the project’s conditions are met, the token will automatically be transferred to the investor’s Web3 wallet.
Crypto chart trading strategies together What is halving?
Using Crypto technical analysis will help investors limit trading risks if the halving event occurs. Along with that, investors can combine more methods to earn more income during the Bitcoin period.
Bottom fishing strategy through Crypto charts
Usually, determining the bottom of each cryptocurrency pair is quite difficult. However, investors can identify based on market data analysis. Besides, observe the trading psychology of the community through the Crypto chart. Although many investors use this tactic to find investment opportunities. But applying this method requires investors to have understanding, experience as well as deep market awareness. ‘
In addition, investors should also monitor technical indicators to help decide when to buy. Bottom fishing occurs when investors believe that the price of a cryptocurrency will increase at a later time. Combined with technical analysis indicator tools, many investors have applied the strategy successfully.
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Trade Altcoins using Crypto charts
Follow the flow of events of the halving cycle every time it happens. At this time, the price of Bitcoin will increase first in the market, and large investors in Bitcoin will begin to sell them. At this time, the cash flow in the market will be very large and liquid. According to common psychology, after selling, investors will invest part of these profits in businesses with less capital to continue to seek profits.
This is the time when Altcoin and projects with good foundations attract huge investment cash flows. Therefore, the occurrence of the halving cycle will cause BTC to increase. And in the following stages, Altcoins also influence and increase prices in the market. The entire cryptocurrency market will experience significant growth. This is also the time when investors should consider potential Altcoins to invest in and reap profits later.
Conclude
Above is the information to help investors answer the question What is halving? Every season the cycle occurs. Investors can take advantage of this to earn a huge extra income for themselves. However, this also requires investors to have experience and experience in the Crypto market. To learn more about the upcoming cycle, don’t forget to follow Crypto Trading!
FAQs
Can the halving cycle be predicted in advance?
The Bitcoin halving event is predicted on the schedule established on the blockchain platform.
When was the last halving cycle?
May 11, 2020, is the latest day of the halving cycle in the Crypto market.
When the halving cycle occurs, will it impact transaction speed and transaction costs?
When the BTC halving event takes place on the market. They do not affect the transaction speed and transaction costs in the market.
