Hi there my Hivean friends and followers!
Welcome to my Sunday post that traditionally includes a sunset photo and some thoughts on the current happenings.
I am really happy to finally share a fresh sunset photo with you. I captured this scenery here in Ponta Delgada, the capital city of the Sao Miguel Island, just yesterday.
In my last Sunday post, I was talking about the massive pump of Hive price that we were enjoying just until a couple of days ago. Just as expected after such a gigantic pump, a correction has arrived and it seems like Hive might settle somewhere between 30 and 40 cents for a while, which would be still great in my opinion as that would still be approximately 3 times higher than where we were before the pump.
It is certainly exciting to follow the evolution of our beloved coin and its price but there is another thing that the whole crypto world has been awaiting impatiently - the third Bitcoin halving that will take place in just 8 days.
To be honest with you, I didn´t really know much about this thing but as everyone is talking about it these days, I read some articles to find out what this buzz is about.
In layman´s terms, Bitcoin halving is a feature (hardcoded into the Bitcoin blockchain protocol) that cuts the rewards for Bitcoin mining in half. The event occurs every 210,000 blocks (that is approximately every 4 years) so it has already happened twice before - the first halving took place on November 28, 2012 and the second one happened on July 9, 2016.
What makes the third halving so hotly anticipated, however, is the fact that both of the previous halving events were followed by a massive increase in the coin price. After the first halving, the Bitcoin price skyrocketed from just $11 to more than $1,000 in one year. After the second halving, the price went up from $576 to more than $2,500 in one year.
Most studies and analyses suggest that the third halving will also result in a significant price increase but the individual estimates differ tremendously with some people even expecting the Bitcoin price to get as high as $250,000.
As far as I am concerned, I don´t even dare to guess but I am thinking about hosting a special tipping challenge for you on this occasion. I need to think the concept out a bit but I would like to roll it out on the very day of the halving. Stay tuned! :)
Enjoy the rest of your weekend everyone and have a great start to the new week tomorrow.
Don´t forget to submit your nominations to my latest upvote giveaway where I reward great but undervalued posts and if you like guessing challenges, stay tuned for the next round of my Monday tipping contest where you can win 5 Hive for guessing the price of our beloved crypto ;)
Let me also remind you that I am running a new weekly series where you can share your fresh natural photos and win upvotes for that.
This post was created by me for the Hive blockchain exclusively. All rights reserved.
Thank you for visiting my blog. If you like posts about Nature, Animals, Ecology, Crypto, Traveling, Photography and discovering secrets and beauties of the World, feel free to follow me as these are the topics I mostly write about. Have a wonderful day and keep on hiving! :)