Have A Look At The Do’s And Don’t’s Prior To The Bitcoin Halving Likely To Occur In May 2020

• The halving primarily happens to keep inflation under control.
• The next reduction, will result in the network incentives reaching 6.25 bitcoins per block.
• This halving, is not a significant event and does not represent a value driver in traditional investment terms.

The beginning of the new year and a new decade also marks beginning for all the businesses and works ongoing in the world. Various predictions and activities regarding Bitcoin have also emerged. One such thing is the halving of Bitcoin. 

The previous halving, which occurred, was a bull run, so it likely expected to be the same this time, too, because of the famous saying, “History repeats itself.”

However, it has still not come into effect as it is an uncertain and long narrative that doesn’t just enter in when wanted.

The halving primarily happens to keep inflation under control. According to various predictions, the next reduction, will result in the network incentives reaching 6.25 bitcoins per block. This expected to happen in May 2020.

This halving, however, is not a significant event and does not represent a value driver in traditional investment terms. The facts regarding all of it are not always open to interpretation, but its impact is not hard to predict. Everyone is affirmative of the halving to happen; however, the “how and when” of this halving is still vague.

As this halving, which is most likely to hit in May this year, various precautions are being suggested by people so that we all do not commit any mistakes. Some of these are:

• Everyone should be aware at the moment that Bitcoin is very volatile. Hence, before indulging in anything related to it, everyone should apply the maths and consider logic at the top level. 
• With this comes the danger of losing everything that you have. This means that Bitcoin is at a critical stage right now, and you investing in anything without any assurance can also lead to you losing all the money that you have. 
• Adding on to it, another advice suggested to the people is only to invest an amount which is okay to lose or would not cause any worry to you even if dropped.
• Another thing one should keep in mind is that the social platform Twitter is not an investment device.
• One should keep in mind that you do not buy BTC with credit cards, as it can cause damage to your finances.
• It would help if you also kept low time preference at this time
• Last but not least, you should not believe everything that you see online. Before accepting anything, do your research and make sure what you are reading is correct.

Steve Anderrson

Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.