Trading Notes | Bitcoin’s Total Supply and Halvings
① When Bitcoin first launched, the reward for each block was 50 coins. It is then halved every 210,000 blocks, roughly once every four years.
② Bitcoin adjusts mining difficulty every 2,016 blocks to keep the average block time at around 10 minutes.
③ When you hear people cite the halving as a reason for prices to rise, think it through: there are very few historical examples, and many other factors affect the market.
$BTC 81696.93(-1.11%)
Just chatting—this is not advice.
① When Bitcoin first launched, the reward for each block was 50 coins. It is then halved every 210,000 blocks, roughly once every four years.
② Bitcoin adjusts mining difficulty every 2,016 blocks to keep the average block time at around 10 minutes.
③ When you hear people cite the halving as a reason for prices to rise, think it through: there are very few historical examples, and many other factors affect the market.
$BTC 81696.93(-1.11%)
Just chatting—this is not advice.