The Bitcoin Halving Will Trigger a Fear of Missing Out
Very shortly, there will be an important scheduled change in the way bitcoin is generated. The rate at which new bitcoin is created will halve, an event popularly referred to as "the halving". At the time of this writing, 3,600 BTC ($2.4m) are generated every day. This will be slashed to 1,800 BTC per day ($1.2m), and the rate will never ever increase. Taking this into account, and some basic economics, we should be able to make predictions about how the perception of bitcoin may change, but since the perception of bitcoin is almost entirely irrational, save for the thinking of a....
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The day of the halving is here and the event is certain to influence the price of bitcoin at a time when the value of the cryptocurrency has spiked nearly 50% since the turn of the year. It is the day of the second halving event in bitcoin’s history, one which will see miners’ block rewards halve from 25 to 12.5 bitcoins. Industry executives weighed in to have their say on the halving event. Sheffield Clark, CEO of Bitcoin ATM network Coinsource is bullish on the immediate price effects induced by the halving. I believe it will definitely lead to some spurts of volatility with the....
UBS, Switzerland’s largest bank, says that clients are looking at different investment alternatives and there is a bit of a fear of missing out (FOMO) when it comes to cryptocurrency investments. UBS Says There Is a Bit of Fear of Missing Out The CEO of UBS Group AG, Ralph Hamers, talked about cryptocurrency in an interview with Bloomberg’s Manus Cranny, published Tuesday. Given that a growing number of investment banks are offering crypto services or investments with exposure to cryptocurrencies to their clients, he was asked what UBS is doing for its wealth management clients....
Bitcoin price action is just 20% from all-time highs, but the market has reentered "extreme fear" for the first time since $43,000. Bitcoin (BTC) has stabilized at around $55,000 after dropping by $6,000 in a single day — but crypto market sentiment is still in shock.According to the Crypto Fear & Greed Index, as of Nov. 27, emotions are now at the most fearful since late September.Crypto sentiment dives into "extreme fear"Fear & Greed, which takes a basket of factors to compute a standardized sentiment score for crypto markets from 1-100, currently sits at 21.Friday took its toll on the....
The stability in the price of bitcoin after the occurrence of bitcoin halving alarmed many investors and bitcoin buyers around the world. The stability in the price of bitcoin after the occurrence of bitcoin halving alarmed many investors and bitcoin buyers around the world, especially those that haven’t been following the bitcoin community and media. Some bitcoin investors expressed their concerns over the price of bitcoin which has remained at the US$660 margin over the past few weeks. The same investors that believed the halving of bitcoin block reward would trigger a massive surge in....
Following the much-anticipated Bitcoin halving, investors and analysts are now divided over its potential impact on the cryptocurrency market. With historical data serving as a guide, experts offer contrasting viewpoints on whether the event will trigger a surge in Bitcoin prices or lead to a sell-off. Related Reading: Stablecoins Get A Seat At The Table: […]