getback Posted February 29 Posted February 29 On 2/28/2024 at 12:55 PM, charot said: I'm tempted to sell but halving is close. what is halving?
Goaty Posted February 29 Posted February 29 1 minute ago, getback said: what is halving? People “mine” bitcoin with computers. The act of mining maintains the network and rewards X amount of bitcoin after so many minutes. That mining reward is cut in half every 4 years and will continue to do so for many decades. Basically it means the rate at which new bitcoin is issued is cut in half, which has historically lead to positive price movement.
getback Posted February 29 Posted February 29 7 minutes ago, Goaty said: People “mine” bitcoin with computers. The act of mining maintains the network and rewards X amount of bitcoin after so many minutes. That mining reward is cut in half every 4 years and will continue to do so for many decades. Basically it means the rate at which new bitcoin is issued is cut in half, which has historically lead to positive price movement. ooohhhh thank u for the information guess I will hold off on selling then
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