Home Blockchain101 Bitcoin It’s the final countdown for Bitcoin Halving!

It’s the final countdown for Bitcoin Halving!

2 min read

*Illustration purposes only. Visit this link to see the live countdown.

Hello IcoUser_5169,

As you might have noticed, Bitcoin Halving is just around the corner and we are here to give you all the necessary info so you can make the best of it.

What is Bitcoin Halving?

This is only the third Halving in the history of Bitcoin and it only happens every few years. Bitcoin Halving is basically the event when the mining reward is reduced by 50% (hence the halving reference). Basically, miners (powerful computers that process and validate all BTC transactions while keeping the network secure) are rewarded with a small fraction of BTC for every transaction they complete. That reward will now be halved and so will the overall amount of Bitcoins generated.

Why do traders care about the Bitcoin halving event?

In the two previous Halving events Bitcoin has risen substantially, following the shift in BTC’s supply and demand ratio. It is uncertain how the markets will react to this Bitcoin Halving, but traders who are interested in crypto and have analysed the charts can always speculate.

With NAGA’s CFD offering, there’s the option to either open a short or a long position for BTC. Alternatively, NAGA Exchange offers the possibility to invest in real BTC!

Source: Naga

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