As with any new skill or interest, it’s important that you first learn how to walk before attempting to run. In fact, with crypto, it’s perhaps even more important than most, given this is still quite a volatile space, which means lots of opportunities but also lots of risks.
With that in mind, I’ve put together a comprehensive guide on all things cryptocurrency and today we’ll get started but do so at the ‘ground floor’. There’s a lot to get to grips with, and so in this section of our report we’ll be explaining how Bitcoin halving works.
As with all of our content, if there’s anything you’re unsure of or would like to explore further, you can drop us a line at hello@marketprospectors.com and one of our experts will be more than happy to help.
So, without further ado, let’s get stuck in.
Let’s start with Bitcoin
Let’s talk Bitcoin…
No doubt you’ll already know that it can be pretty volatile, with high highs and low lows, sometimes in periods as short as 24 hours, but I’ve got some advice for you…
Stop staring at the trees.
Because that’s exactly what’s worrying about Bitcoin’s day to day price movements is like… standing right up against a tree and worrying about a tiny patch of its bark.
Instead, you want to zoom out so you can see the woods.
And the woods look good…
The only bitcoin chart you ever need to look at
And the woods look good…
Take a look at this Bitcoin chart…
It’s the only one you ever need to look at if you’re interested in the long-term potential of this Big Daddy Crypto…
It looks like a rainbow having a heart attack, doesn’t it?
But the colours aren’t just for show…
It shows how the Bitcoin price is essentially “programmed” to keep going up.
See the main rainbow line?
That’s Bitcoin’s price.
Now, see the purple and blue lines behind it… going up like steps all the way to the top right hand corner of the chart?
Those lines represent the max supply of Bitcoins.
The higher those lines go the more the supply reduces… until one day all 21 million Bitcoins have been mined.
And then… there will be no more new bitcoins…
This process is known in the crypto world as the “the halvening”
It’s a bit of a silly name (actually inspired by the Mel Gibson film Highlander of all things!)…
But, so far, the halvening has predicted the long-term price movements of Bitcoin like a time-travelling Mystic Meg.
In fact, it almost looks like the Bitcoin price is chasing the halvening line on that chart.
But it’s not by chance… it’s more by design…
Every 4 years Bitcoin is programmed to halve the rate it can be mined at, instantly making it scarcer overnight.
And I’d say it’s pretty obvious that the rarer something is, the more it’s price has the potential to increase… especially if it’s already worth $50,000+ today.
So, that’s why I say take your eyes off the trees and look at the woods instead.
Bitcoin sure looks good from up here, doesn’t it?
That’s all for now but, if you click here you can get the rest of my crypto guide today.
Plus, it won’t cost you a penny!
