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    Home » Opinion: the price of Bitcoin will show growth closer to the calving

    Opinion: the price of Bitcoin will show growth closer to the calving

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    By BlockchainJournal on November 30, 2018 News
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    The cost of the first cryptocurrency and hashrate will show growth closer to the date of the halving [halving the miners reward]. Infographic, which indicates the likelihood of such a development of events, was published by Twitter user under the nickname Plan B.

    #bitcoin halving: only 19 months to go … we are in the green zone! pic.twitter.com/5rxVEVhNjU

    – plan ฿ (@ 100trillionUSD) October 5, 2018

    Note that the next halving is to be held on May 25, 2020. Then the reward will be reduced from 12.5 BTC to 6.25 BTC.

    Plan B added that at the moment we are in the green zone, but as we approach the halving we will move to the blue one.

    If you ’re following the trendline, you can follow the trendline of the january … 2w1YO7gvvv

    – plan ฿ (@ 100trillionUSD) October 5, 2018

    According to this model, the lowest bitcoin figures show for 17-12 months before the halving, and over the course of the following year their gradual growth occurs, which increases after the event itself [in the red zone].

    Recall, November 30, the price of Bitcoin again dropped below $ 4,000.

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