RE: Steemit Crypto Academy Contest / S12W2 -: STEEM Vs Bitcoin halving
Thank you so much for publishing your article here and I am very happy that you have good understanding of the topic and you know that what is bitcoin halving and I agree that it is the half of rewards a minor receives on the mining of Bitcoin and you have given us and imaginary example that suppose if a person or a minor is receiving two bitcoins for mining of one block then after halving he will receive one bitcoin for mining of one block and in this way reward become reduce and half
If I talk about latest effect of Bitcoin halving which was occurred 3.5 years ago approximately and exact date of that event was 11th of May 2020 then that event have effect on the price of many cryptocurrencies and just like many cryptocurrency also have some effects on steem token but that effect was very minor and it also have many variations and fluctuations when we see it in a proper way and with a time difference
Your predictions about future of Bitcoin halving and its effect on steem rate are really appreciate able and really make me happy hahaha as well as you have also explain in a very good way about the advantages and disadvantages or pros and cons of Bitcoin halving so let's wait and watch that what happens actually in 2024 in April or March after BTC halving. I wish good luck and success to you in this engagement challenge
Thank you for your valuable comment. I appreciate