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Bitcoin Halving - Unstoppable Monetary Policy by geekgirl

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· @geekgirl ·
$77.86
Bitcoin Halving - Unstoppable Monetary Policy
![bitcoin.png](https://images.hive.blog/DQmVFQvGLRdWQL9QCLdoVQ11W35d8U619GxCuNurJZwasJJ/bitcoin.png)

Long anticipated bitcoin block 840,000 has arrived triggering the unstoppable monetary policy - bitcoin halving. This is by far the most significant event in bitcoin and crypto world. Institutional adoption, government legal tenders, ETFs, corporate interests in bitcoin are great and important events as well. But nothing really comes close to what bitcoin halving means. Every 210,000 blocks bitcoin halving event happens reducing the block production rewards for miners by half. It happens every four years and this is the forth time. This is great milestone and show of a superior monetary policy compared to traditional monetary policies.

Unlike Federal Reserve or any other central banks, bitcoin doesn't need to have monthly meetings to evaluate the economic conditions, inflations, and other financial agenda to re-tweak monetary policy. Participants of economies do not need to wait for what Fed Chair Jerome Powell is planning to do regarding the interest rate cuts. There is no need to hope for fiscal responsibility from government and wondering and guessing how much money supply will be increased by. Monetary policy is simple, transparent, and predictable in bitcoin. Nobody can manipulate it, nobody can stop it.

It has been repeated that this time bitcoin's price appreciation is different many times by many people. I am not sure about everything else, but one thing truly has been different this time. Bitcoin managed to make another all-time high before halving event. Anything more after halving is now just a bonus. It wouldn't bother me if now bitcoin takes plunge and triggers another bear market. This year has already be awesome for bitcoin. Taking a break and getting to lower prices for a change may even be better to build up a momentum for another all time high attempt. $100k is so close, it seems this year it can easily be achieved. Other like Plan B have much higher price predictions and suggest bitcoin may reach half a million dollar before we get to 2025.

What really matters is the fundamentals. The importance of halving event is the demonstration of certainty and power of decentralized monetary policy where no individuals or groups can manipulate the system. Definitely a better example of how money should work, if not the best money ever imagined. 

It looks like Satoshi was obsessed with number 21. I am not sure the significance of this number and why Satoshi chose 21,000,000 for cap of bitcoin supply and 210,000 for halving events. If you know let me know in the comments.

It is time for a new cycle, it is time new beginning for bitcoin and crypto. While the history doesn't necessarily needs to repeat, in the past we have seen positive price action after halving event. Not right away, but not too long after either. If we look at the last bitcoin halving which happened in May 2020, bitcoin's price was at $8,600 and many alt coins were had much lower prices as well. In fact, if we blindly picked few decent coins within a year would have made good returns on our investment. Bitcoin already had great price action this year, and I am sure we will see more. What we really want to see is an alt season. It is about time! Halving events are great for entire crypto world. 

Numbers don't lie. Now that miners will be earning less for the same work and effort put in, the economics of mining business will see significant changes and they will need to adapt to the new reality. I am sure they have already been preparing for this event. No matter how much we prepare, we are not always ready until numbers starts impacting the balance sheet. As miners reevaluate their business strategies, this will have an affect to the supply of the bitcoin. Basic economics of supply and demand is in favor of bitcoin continuing becoming more valuable over time. Things may take some time but markets do rely on supply and demand. Things look even better if we consider the demand for bitcoin in ETFs, companies contemplating and planning in utilizing MicroStrategy's blueprint of treasury policy, sovereign funds realizing the potential of preserving the wealth, etc.

<center>**Happy Bitcoin Halving Everybody!**</center>

Posted Using [InLeo Alpha](https://inleo.io/@geekgirl/bitcoin-halving-unstoppable-monetary-policy)
πŸ‘  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 464 others
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@alorstar ·
$0.17
I For one think the miners will be fine. Those that have been in business for a while know that it’s a mater of time before the doubling of prices covers up for there reduced emission and the chase the the all time high gets them above break even. The halving dynamics seem to factor in everyone.
πŸ‘  
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@christybliss ·
I wish every of our economic monetary policies were like that of Bitcoin. There wouldn't be allowance for corruption in the system as it is killing our nation now.
The much talked about Bitcoin halving is here! I don't have much on Bitcoin but I'll love to know how things play out.
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@daniasi ·
$0.19
Wonderful achievement by bitcoin. It keeps adding years to it's existence and strengthening the cryptoverse at large. Let's see what the next 365 holds. Thanks for this update.
πŸ‘  
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@djbravo ·
This event is the most important event for Bitcoin and we will see a huge price increase in the next few days if it closes its daily candles above 6500 now. Will see that within the next few days it will see us going to 70 thousand. 
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@forgrace ·
$0.17
What an awsome event. Now we wait and see the laws of Demand and supply play there part. Even at current demand the price will still be pushed higher
πŸ‘  
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@india-leo ·
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@itcouldbecloud ·
$0.18
I’ve been checking the price of crypto today anticipating an upward trend with the bitcoin halving. We are seeing price movement in a positive direction. I’m a bit deflated by the event as I thought bitcoins price would be up more?
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@itwithsm ·
$0.18
Bitcoin is showing good signs and this halving event will have impact 4, 5 month later. till then we can only wait and hope no negative news comes around. 
πŸ‘  
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@geekgirl ·
Agreed.
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@jane911x ·
$0.09
everyone's anticipating the halving as it becomes nearer. Ofc we are all hoping for an ATH, but the current price right now is nowhere near that. 
πŸ‘  
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@jfang003 ·
Nothing can stop BTC from going up. The supply has dropped and it will take time for the market to realize it. However, I don't think we can expect large increases in price. It's probably more of a more gradual price increase.
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@mfontom ·
$0.19
With this halving event, what is the fate of new investors in Bitcoin. Can one still invest?
Decentralization is what we need for all the monetary policies. Things should be moving without interference.
πŸ‘  
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@mintfinch ·
$0.17
You know the Halving is a significant event when JP diamon is slandering crypto. To deter people from researching on the talk of the town.
πŸ‘  
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@mirroredspork ·
$0.18
I still DCA into BTC at a rate of 25 USD weekly. This week, I bought a few more USD worth, because hey, why not?

!ALIVE
πŸ‘  
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@youarealive ·
<center><p>@geekgirl! <b>You Are Alive</b> so I just staked 0.1 <b>$ALIVE</b> to your account on behalf of @ mirroredspork. <sub>(5/10)</sub></p>
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@mule-farms ·
$0.19
Given the number of halvings that have happened. Can someone still invest in BTC or its now just a currency for the ultra rich?
πŸ‘  
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@geekgirl ·
We can alwas buy Satoshis.
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@oasiskp2 ·
$0.17
>Monetary policy is simple, transparent, and predictable in bitcoin. Nobody can manipulate it, nobody can stop it.

This is the interesting part that surprises everyone.
Happy bitcoin halving!
πŸ‘  
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@pocketrocket ·
$0.20
The question is if the halving is already priced in? The EFT already is as it looks.

Also, when is the eth flippening?
πŸ‘  ,
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@geekgirl ·
Probably not, since usually there isn’t muchnof action right after halving. 

I am not in eth club. Probably never.
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@pocketrocket ·
That could be smart based on its price movement.
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@rafzat ·
$0.19
Happy Bitcoin halving
I hope a great pump comes after the halving!
πŸ‘  
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@rai-humair ·
$0.18
your discussed and explained recent bitcoin halving event thoroughly. you explain the potential impact of the Bitcoin halving event on the mining industry and also the overall supply and demand of bitcoin.
πŸ‘  
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@rcm ·
$0.19
Insightful right up. Many gems given on the king of Crypto. Thank you for the beautifully written post.
πŸ‘  
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@renny187 ·
$0.19
This is a nice summary of the whole bitcoin halving thing that is being said everywhere for me.

I really appreciate the fact that I have come to know that what really matters is not the Bitcoin itself but the fundamentals, that is The importance of halving event which is the demonstration of certainty and power of decentralized monetary policy where no individuals or groups can manipulate the system.

Thank you @geekgirl for this intriguing Summary, I really appreciate.
πŸ‘  
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@reuben90 ·
$0.19
Cheers!!!! To new beginnings indeed.we can now start talking about the bull run.
πŸ‘  
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@rok-sivante ·
$0.18
*Maxi’s idealism: β€œthe halving is going to send BTC to the moon, owning 0.001 BTC will make multimillionaires!!”*

*Reality: price moves 0.86%.* 😹


![54467BF2-7439-448D-B735-6DF8FCAEC24D.jpeg](https://images.hive.blog/DQmVxbq6QhXkFr3BfjHjEo8zRpV8v19FZ6XxGBo8mGEw6ne/54467BF2-7439-448D-B735-6DF8FCAEC24D.jpeg)
πŸ‘  
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@rzc24-nftbbg ·
$0.17
> . . . in the past we have seen positive price action after halving event. Not right away, but not too long after either. If we look at the last bitcoin halving which happened in May 2020, bitcoin's price was at $8,600 and many alt coins were had much lower prices as well. In fact, if we blindly picked few decent coins within a year would have made good returns on our investment. . . What we really want to see is an alt season. 

I hope to see HIVE also make a new ATH! 
πŸ‘  
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@geekgirl ·
$0.02
That is what all hope to see.
πŸ‘  ,
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vote details (2)
@sirfx ·
$0.18
There halving was really successful, I was with my phone watching the time countdown.
![1000006122.jpg](https://images.hive.blog/DQmZaKq78wcbScxjJSFSAX1akMeASHqFrUww8wo1n7k5sWX/1000006122.jpg)
πŸ‘  
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@typebox ·
Considering the broader demand from ETFs, corporate treasuries, and sovereign funds, the future of Bitcoin seems promising in the long run.
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@uyoho ·
$0.17
Yes, the power of decentralization where nobody manages the outcome. Let's wait and see the outcome of the halving event as it will affect the pricing of Bitcoin
πŸ‘  
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@videoaddiction ·
$0.19
There is no way back for Bitcoin. It will obviously be a part of our economic life.
πŸ‘  
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@wolfplayzor ·
$0.17
I wonder, when rewards Will be so low After more halvings, no One Will mine more Bitcoin i guess?
πŸ‘  
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@geekgirl ·
There will always be miners. There are transaction fees they earn.
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@wrestlingdesires ·
$0.19
Happy Bitcoin Halving πŸ₯³

>It looks like Satoshi was obsessed with number 21. I am not sure the significance of this number and why Satoshi chose 21,000,000 for cap of bitcoin supply and 210,000 for halving events. If you know let me know in the comments.

 Maybe he was a teenager or young man in the US? 21 is a big milestone :)


This post has been manually curated by the VYB curation project
πŸ‘  
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