As you can see, the countdown to Hawking Bitcoin 2020 has begun And that's why everyone asks: What is Hawking Bitcoin? When does it happen? And when it happens, what effect does it have on the value of Bitcoin? Today we are going to answer all these questions, but if you are with us until the end of the video Let me tell you something about Hawking Bitcoin that you didn't know before We will address all these issues now My name is Arks and I am a blockchain expert from Oksatoshi It's not as hard as we think to understand the Chinese blockchain! Well, let's get started If you want to know exactly what hawking is, you must first understand Bitcoin mining In Bitcoin mining, new coins are awarded to miners who were able to break China's blockchain blocks
In the early days of Bitcoin, the reward for extracting each block was 50 bitcoins But the creator of Bitcoin, Satoshi Nakamoto, made a law according to which That halved the value of Bitcoin after every 210,000 blocks (almost every 4 years) That's why we call it hawking (halving) bitcoin! But you may ask, why should the value of bitcoin be halved? Why don't we keep it the same? Isn't this to the detriment of miners? In response, I must say that Bitcoin is based on value So on that account, every time the miners extracted new bitcoins The value of bitcoin declined dramatically over time But despite Hawking, this value increases over time rather than decreases Bitcoin has become the most important and valuable coin in the world! We said that Hawking Bitcoin happens once every 4 years, right? It is interesting to know that Hawking Bitcoin happens at the same time as the US presidential election! And it's not a big deal, many people think it's just a coincidence But the majority believe that Nakamoto deliberately chose this date because Most of the crises, especially the economic crises, happened during the election But why did Hawking Bitcoin coincide with the US presidential election? The fact is that neither we nor anyone else knows! I think the most important and perhaps the most common question about Bitcoin hashing is that Will the value of bitcoin double in Hawing's time? To answer this question, we need to look at the history of the previous two Hawings: Bitcoin was priced at around $ 11 at Hawking's time in 2012 A year later, in 2013, Bitcoin strangely reached one thousand and one hundred dollars! And then it went back to $ 220 and remained below $ 1,000 for a few years Bitcoin was priced at $ 600 on July 2, 2016, in Hawking II And again, surprisingly, at the end of 2017, it reached $ 20,000! That was about 18 months after Hawking So in short, we can say that there is a possibility of an increase in the price of Bitcoin 12 to 18 months after Hawking If you remember, we told you that Hawking 2020 is a little different from previous Hawking There are two reasons for this difference: Number one: People are more aware of Hawking (compared to previous Hawings) According to Google data, the number of searches for the phrase "Hawking Bitcoin" has recently reached a record! That means people are more curious than Hawking And they want to know what effect Hawking has on the price and value of Bitcoin And the second reason Hawking is different this year is that Simultaneously with the coronavirus epidemic People have a lot of disagreement about Hawking this year But the majority believe that because of the difficulty of extracting bitcoins in the epidemic Bitcoin's scarcity is increasing This means that a sudden rise in price is not too far off the mark Now I want to ask you a few questions What do you think will happen after this Hawking this year? Is the price going up or down? And what is the difference between this year's Hawking and previous Hawings? If you liked our video, don't forget to like and comment and subscribe to our YouTube channel
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