When 💩 hits the fan, it hits it really HARD!

Never seen before such high levels of fear, uncertainties and doubts across all financial markets:

1. Upcoming recession
2. Unprecedented inflation not seen in 40 years
3. Massive interest hikes (talks about 75 bps rate hike)
4. Crypto market crash (Luna, Celsius Network, Stablecoin depegging events, etc.)
5. Upcoming crippling crypto regulations
6. Equity / Stock / Bonds markets crash
7. Potential housing market crash
8. Energy markets in turmoil
9. Plagues and Diseases outbreaks and pandemics
10. Wars and conflicts (eg. Russo-Ukrainian war) leading to global scale supply chain disruptions.
11. Fortune 500 companies layoffs (Coinbase Lays Off 1,100 Employees—Billionaire CEO Warns Recession Could Worsen Impact Of $1 Trillion Crypto Crash)

My fear and I could be wrong of course, that we might not see history repeating itself like in the last 2 BTC / crypto cycles.

https://www.forbes.com/sites/j...illion-crypto-crash/

What’s your take on all what’s going on folks?

Here's the most recent fintech, crypto and blockchain news from all around the globe:

Cryptocurrency Hub online community appreciates and cherishes the time and effort its members invest communicating, interacting and contributing on its platform and as a token of appreciation and giving back to the community we came up with a a prize points system based on members activities in the community! Yaaaaayyyyyy 😎

So that's how it will work:

Registered members earn points based on certain activities. Each activity has a number of points for each action taken. These points will be added for each member automatically.

Points will be calculated according to the below formula (subject to change upon the discretion of the admins):

Don't forget that you can invite new members to our community and help it grow while collecting points for each invited member! 🤪

The regular crypto giveaway will be in the form of weekly Cardano (ADA) and monthly Ripple (XRP) prizes! 🎁😁

Weekly Cardano (ADA) prizes (2 winners):

Every end of the week a First Prize will be given to 1 winner (1st highest number of activity points collected for the corresponding week): 30 ADA

Every end of the week a Second Prize will be given to 1 winner (2nd highest number of activity points collected for the corresponding week): 20 ADA

Monthly Ripple (XRP) prizes (1 winner):

Every end of month one Prize will be given to 1 winner (with the highest number of activity points collected for the corresponding month): 50 XRP

Members usernames will be of course announced in due dates and contacted to have their crypto prizes transferred to their wallets addresses.

Remember the more you are active and contributing to the growth of our online community the more points you earn and the more chances you get to win BIG with us! 😛🤗

Good luck to everyone! 👏

This board exclusively covers Bitcoin (BTC) Discussions. This includes but not limited to the below topics:

1. General BTC Discussions

2. BTC Trading and Technical Analysis

3. BTC Mining

4. BTC Wallets

5. BTC Exchanges

6. BTC Halving

7. BTC Encryption

8. BTC Legislation

This section is open to all members to create their own topics and foster healthy crypto discussions among other members of the community.

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Freewallet org is not a crypto wallet. It’s not “a safe and secure crypto app”. It’s a scam!

The application administration does not help clients. She blocks them and steals their coins. And all technical support answers usually boil down to endless promises to sort it out and stalling for time! Don't believe me? Here are some screenshots from the victims!

Ticket #510112

The Freewallet's administration has debited 840 DOGE from a client’s wallet, and this deduction is not related to a transaction fee. It was an unjustified withdrawal of funds, allegedly due to "inactivity on the wallet." Notably, such terms were not stated when the wallet was created. A secure crypto wallet is designed to ensure that no money can be withdrawn without the user’s knowledge or consent. The fundamental principle of cryptocurrency lies in its decentralization. Neither governments, banks, nor wallet administrators should have the authority to block or seize your assets. Cryptocurrencies gained popularity precisely because of this independence. However, in this instance, the client faced a series of violations: first, they were prohibited from withdrawing their assets, then their requests for assistance were ignored by tech support, and ultimately, the administration outright took their funds!

Ticket #500999

This user has been unable to access their coins since July! The victim went through extensive verification processes, providing scans and photographs of documents, filling out forms, and even recording multiple videos to prove ownership of the wallet. Despite these efforts, as shown in the screenshot, countless messages were sent, yet the administration nitpicked every detail, stalling the process further. Even after all this, the client still couldn't retrieve their funds.Freewallet.org has persistently refused to allow this client to withdraw their coins!

We can show you hundreds of similar cases!

In all these cases, clients are faced with the theft of their coins and the inability to withdraw assets. Freewallet support ignores requests. This is a typical scam!

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The Bitcoin Halving 2024 has come and gone, leaving the cryptocurrency community with plenty to analyze and discuss. This highly anticipated event, often referred to as a Bitcoin Halving Event, occurs approximately every four years and has historically been a pivotal moment for the Bitcoin ecosystem. Let’s dive into what happened during the 2024 halving, explore its implications, and discuss insights for future halvings.

What Is Bitcoin Halving?

To understand the significance of the Bitcoin Halving 2024, it’s essential to grasp the Bitcoin Halving meaning. In simple terms, Bitcoin halving is a process where the reward miners receive for validating transactions and adding blocks to the blockchain is reduced by half. This event is hard-coded into Bitcoin’s protocol and occurs every 210,000 blocks, roughly every four years. The purpose of halving is to control Bitcoin’s inflation and ensure a finite supply of 21 million coins.

When Does Bitcoin Half?

Bitcoin halvings are predictable due to their block-based schedule. The 2024 Bitcoin Halving Date was estimated based on block generation time and occurred on April 20, 2024, when the blockchain reached block 840,000. The exact date of a halving can vary slightly due to fluctuations in mining activity, but historical Bitcoin Halving charts provide a reliable guide for future events.

Reviewing the Bitcoin Halving 2024

The 2024 Bitcoin Halving Event was monumental. As anticipated, the mining reward was reduced from 6.25 BTC to 3.125 BTC per block. This halving marked the fourth such event in Bitcoin’s history, following the previous ones in 2012, 2016, and 2020. Each halving has had profound implications for the network’s security, miner profitability, and market dynamics.

1. Impact on Miners Miners faced a significant reduction in block rewards. For some, particularly those with older or less efficient equipment, the halving rendered mining less profitable. However, advancements in mining technology and shifts in energy sourcing helped many large-scale miners adapt.
2. Market Reaction Leading up to the Bitcoin Halving Date, the price of Bitcoin saw significant volatility. Historically, halvings have been associated with bull markets, though not immediately. After the 2024 halving, Bitcoin’s price exhibited a steady climb, driven by increasing scarcity and renewed interest from institutional investors.
3. Network Security The reduced block reward raises questions about long-term network security. Transaction fees, which also incentivize miners, will need to play a more substantial role as rewards continue to decrease with each halving.

Lessons from Previous Halvings

Looking back at when Bitcoin halved in the past provides valuable context for understanding the implications of the 2024 event.

• 2012 Halving: The first halving reduced the reward from 50 BTC to 25 BTC. It set the stage for Bitcoin’s first major bull run, culminating in a price peak of over $1,000 in late 2013.
• 2016 Halving: The reward was further reduced to 12.5 BTC. This halving preceded the 2017 bull run, which saw Bitcoin reach nearly $20,000.
• 2020 Halving: With rewards dropping to 6.25 BTC, the event was a precursor to the historic 2021 bull market, where Bitcoin’s price exceeded $60,000.

Each halving has brought increased awareness and adoption of Bitcoin, despite initial challenges for miners and temporary market adjustments.

Insights for Future Halvings

Analyzing the Bitcoin Halving 2024 and its predecessors reveals patterns and insights that can help predict and prepare for future events:

1. Long-Term Price Trends Bitcoin halvings have consistently influenced long-term price trends. While the immediate aftermath of a halving often includes volatility, the reduction in supply typically results in upward price pressure over the following 12-18 months. Investors and traders should monitor the Bitcoin Halving Chart closely to anticipate potential market movements.
2. Miner Adaptation Each halving challenges miners to adapt to reduced rewards. Innovations in mining hardware, energy efficiency, and operational strategies will remain crucial. Miners are likely to consolidate further, favoring larger operations with access to cheap and sustainable energy.
3. Role of Transaction Fees As block rewards diminish, transaction fees must compensate miners to maintain network security. This shift underscores the importance of scalability solutions, such as the Lightning Network, to keep transaction costs manageable while ensuring the network’s robustness.
4. Market Maturity The cryptocurrency market has matured significantly since Bitcoin’s inception. Institutional participation, regulatory clarity, and the development of derivative markets have added new dimensions to halving’s impact. The 2024 halving demonstrated that these factors can amplify Bitcoin’s response to reduced supply.

Preparing for the Next Halving

The next Bitcoin halving is expected in 2028, around block 1,050,000. To answer the question, “When is Bitcoin halving next?” investors can use current block generation rates to estimate the approximate date.

Here are some steps the crypto community can take to prepare:

1. Understand Bitcoin Halving Meaning Educating newcomers about the significance of halvings is crucial. Clear communication about the mechanics and implications of halving can foster informed participation in the market.
2. Develop Resilience Strategies Miners should focus on efficiency and sustainability. Diversifying revenue streams, such as selling excess computational power, can help mitigate reduced rewards.
3. Embrace Scalability Solutions Developers and users must prioritize scalability solutions to ensure Bitcoin remains an efficient and secure payment network, especially as fees take on a larger role.
4. Monitor Bitcoin Halving Charts Tracking historical and projected Bitcoin halving data can help investors, miners, and developers anticipate changes and plan accordingly.

Conclusion

The Bitcoin Halving 2024 was a significant milestone that reinforced Bitcoin’s deflationary nature and its role as “digital gold.” By examining the effects of this halving and learning from past events, the crypto community can better navigate the opportunities and challenges presented by future halvings.

Understanding the Bitcoin Halving meaning and its implications is essential for anyone involved in the cryptocurrency space. Whether you’re a miner, investor, or enthusiast, the halving’s predictable schedule and profound market impact make it one of the most critical events in Bitcoin’s lifecycle. As we look ahead to the next halving, staying informed and adaptable will be key to thriving in this ever-evolving ecosystem.

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