Bitcoin halving what you need to know
                     Bitcoin Halving: what you need to 
 know
Blockchain, Bitcoin's underlying technology, generally comprises a selection of nodes, or  
computers, operating Bitcoin's software and containing a partial or full history of  
transactional history taking place on the network. Each complete node is accountable for  
affirming or rejecting a network transaction. To ensure the transaction's validity, the node  
conducts a series of tests. A transaction stands consummated once all operating parties within  
the block affirm the same. With increased nodes, there's been a corresponding increase in  
Bitcoin blockchain network stability. There are close to ten thousand nodes running Bitcoin's  
code. A bitcoin having event happens when the compensation for mining transactions is  
halved. This also cuts in half the inflation, besides halving the numbers of new bitcoins  
entering circulation.
Bitcoin (BTC) halving occurred in May 2020. When bitcoin has halved in the past, price  
fluctuations invariably follow. We consider what bitcoin halving is and how it can affect your  
cryptocurrency portfolio. We attempt a BTC halving analysis from a technical and  
fundamental perspective to render insightful events and how to trade in that context.
What is Bitcoin halving?
Bitcoin halving denotes an event where the block reward for mining new bitcoin is halved,  
the implication being that bitcoin miners get 50% less bitcoin for every transaction they  
verify. BTC halving takes place every 210,000 blocks, which is equal to a halving occurring  
close to every 4 years.
Despite this sounding confusing with concepts like 'block reward' and 'verifying transactions',  
bitcoin halving is a comparatively simple process.
When a block of bitcoin is successfully mined, the bitcoin miner obtains a block reward – in  
the main a BTC payment. Nonetheless, the bitcoin halving process follows cryptocurrency  
economic theory. As bitcoin has a limited amount and its supply diminishes over time, the  
price of bitcoin can be kept 'stable' and deflationary by cutting down the general supply – this  
explains why bitcoin halving exists.
Bitcoin-halving 2020
The next bitcoin-halving event we are considering took place on the week of 18 May 2020.  
However, take note that this date can vary since the time taken to generate new blocks is  
variable. However, bitcoin halving will undoubtedly happen when block 630,000 is mined.
Currently, 12.5 bitcoins are rewarded to miners for each block. However, this will plunge 
to
6.25 BTC per block post the bitcoin halving event.
Historical bitcoin halving dates
Bitcoin halving had happened twice before, first in 2012, where the reward per block  
plummeted from 50 to 25 bitcoins. After this, another halving occurred in 2016, where the  
reward per block plunged from 25 to 12.5 bitcoins.
The bitcoin mined and the block reward drop by half at every halving event. Thus, by 2032, 
 99%+ of bitcoin will have been mined, and it is estimated to take up until 2140. In time,  
100% of the total bitcoin will have been mined.
Bitcoin halving: technical analysis
Technical analysts can use an arsenal of tools to predict price movements in the bitcoin 
 market before and after the next bitcoin halving. For example, you can use our pattern  
recognition scanner to identify trading patterns that bitcoin traders prospect for, such as  
ascending triangles, head and shoulders and Fibonacci retracements.
Bitcoin halving: fundamental analysis
Bitcoin halving is a trading indicator for fundamental analysts since it's a direct force that  
affects the supply and demand of bitcoin. The halving process diminishes bitcoin's future  
supply by 50% for the subsequent 210,000 blocks, when this process will repeat. In case  
demand remains constant, and this factor is not yet priced into bitcoin market value, the value  
of bitcoin would appreciate. However, it is increasingly more complex to decide upon the  
intrinsic value of bitcoin owing to its sophistication.
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strategies  with virtual funds. Or, you could open a live account if you were ready to trade with real money.
 You chose between spread betting or CFDs. Both trading products permit you to access and bitcoin trade price movements. You can 
view  the differences between spread betting and CFDs.
 You Researched the bitcoin market. You determined if you would speculate that bitcoin's price will rise or decline. You Made use of  
broker platform features such as the proprietary pattern recognition scanner, enabling you to search the bitcoin market for trading 
chart  patterns.
 You Created a bitcoin deal ticket. You Choose to 'buy' or 'sell' bitcoin based upon your research. You Entered a position size, then 
added  stop loss and took profit orders to lessen any additional risk based on your trading plan.
 You Placed the bitcoin trade. You deposited just a percentage of the full trade value to open a position and control a much 
more  significant sum. Please note in this context that your profits and losses are magnified, corresponding to your leverage 
ratio.
 You Closed your position. Any profits from a spread bet are free from the capital gains tax. Conversely, profits from CFD trades may 
be  offset against losses for purposes of taxation.
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