Are you prepared for the upcoming Bitcoin (BTC) halvening? Learn more about how you can not only protect, but also boost your crypto portfolio with options. First things first, what is bitcoin halvening? Bitcoin halvening is an event which halves the rate in which new Bitcoins are produced once every four years. You don’t have to worry about BTC running out anytime soon though! To keep inflation under control, the bitcoin protocol was programmed with a limited supply of 21 million, with new bitcoins gradually entering the system as an incentive for network processors (aka miners). Similar to the increased difficulty of gold mining overtime, the rate at which bitcoins are created is reduced by half every four years. Bull or bear? Upcoming halvening in May 2020 The next BTC halvening is expected to happen in a few months time in May 2020. Just like in previous halvenings, this has led to differing opinions about the price direction with the potential massive price fluctuations and “supply shock” to be expected. As one of the most flexible derivative instruments, options will enable you to manage, boost or protect your crypto positions ahead of the halvening. Here are 3 ways you can do so: 1. Turn your halvening bets into profit 2. Protect your crypto portfolio from potential halvening REKT 3. Think the halvening will be a non-event? Make your crypto assets work for you anyway. Read about it in detail with graphs by clicking HERE
Very interesting, I make a small contribution Advantages of betting with Bitcoin Commissions Close to Zero Faster and safer deposits with Bitcoin Disadvantages of betting with Bitcoin Bitcoin price volatility Bitcoin has been one of the best investments of recent years, but it is prone to price fluctuations. That may be negative for some