The 2020 Bitcoin Halving And It Effect On The Price Of Bitcoin

The entire Bitcoin community is awaiting another Bitcoin halving next year. The anticipation of the May 2020 event, is now over the charts, given the previous history of this particular Bitcoin event. Bitcoin halving is an event that happens from time to time, which splits the Bitcoin reward by 50%. This means, after the Bitcoin halving, the reward for mining the biggest cryptocurrency will be divided into two.

The 2012 Bitcoin halving event, saw miners get a 25 BTC reward for mining, half of the 50 BTC, which was the reward before the halving event. The next Bitcoin halving event, which took place in 2016, saw the number slashed to 12.5 BTC as mining rewards. Going with this pattern, the next Bitcoin halving, which is set to happen next year, will see miners get half of the current BTC reward, which is 12.5.

Bitcoin halving takes place every four years and happens when 210,000 blocks are mined. In the Bitcoin or somewhat crypto market in general, technical analysis, based on the past or historical behavior, charts, and patterns, has proved to be very vital in price forecast.

Bitcoin halving has proven over the years to have a massive impact on the price of the biggest cryptocurrency. Bitcoin hit an all-time high price of $1000 in 2013, a memorable feat in the history of the coin, which happens to be just a few months after the first-ever bitcoin halving took place. Then came December 2017, when Bitcoin almost saw its price climb to $20,000, recording its current all-time high, and this again was after the second Bitcoin halving event the previous year.

Bitcoin halving has proven to be a catalyst that propels the price of Bitcoin on a massive price bull run. And the big questions you can't ignore right now are; 

• How much of Bitcoin do you have as a store of value? 
• What strategy is best for Bitcoin accumulation?
• Where can I get the best deal/offer to secure the future? 

How much of Bitcoin do you have as a store of value? 

If you haven't made up your mind about Bitcoin until now then you still have a chance, valuable assets like gold was available years ago until we are short of its supply. The scarcity of a digital asset like Bitcoin will only drive the price very high and the early birds who take action  will outsmart doubters. Click arkonix.eu to started now

What strategy is best for Bitcoin accumulation? 

Analysts has described cryptocurrencies as volatile in nature and its imprudence to gamble with your hard earned money. The only proven and trusted means of accumulating Bitcoin is Mining. This process as been made so easy that all you need to do is invest into a mining platform and watch your digital asset pile up. 

Where can I get the best deal/offer to secure the future? 

Cryptocurrency mining platforms are increasing by the day, and being on the wrong platform can be messy. Arkonix Mining recently launched S17 Series offer, with Mining packages that enables  you cart away $50/$100/$250/$500 approximately every month. 

Get stared with a minimum amount of $500 up to $10000, there is no limit to how many mining pools one can buy. 

The Bitcoin market continues to evolve day after day and whether or not you take advantage of this opportunity still doesn’t take away the fact that the market is in for an insane bull run after the next halving event.