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“Halving”, which is firmly anchored in the program code of the cryptocurrency, is a kind of automatic protection against loss of value due to an excessive offer. For this purpose, the reward in the form of new bitcoins for executing certain computing processes (“mining”) is halved approximately every four years. The “halving” always takes place after 210,000 calculated blocks.
The next “Halving” event is scheduled for Monday evening. Bitcoin fans already bet in advance that the price will rise due to the slower growth in supply – and therefore invest in Bitcoin. It was similar in 2012 and 2016, the previous halving events. But there are also investors who use the hype around Bitcoin to take profits from the recent price rally. In mid-March 2020, bitcoin had dropped below the $ 5,000 threshold in the meantime and has grown rapidly since then.
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Strong exchange rate fluctuations are the rule rather than the exception for digital currencies. These fluctuations were particularly violent in 2017 and 2018, when Bitcoin first rose extremely and reached its record high of $ 20,000 – only to shrink rapidly at a later date.
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