ຫຍັງແມ່ນການຫາຍຄອຍທີ່ຢ່າງທົ່ວເບື່ອງຂອງ Bitcoin? ຄູ່ມືຂົ້ນຕອນສໍາລັບການເຂົ້າໃນບັນທຶກກິດຈະກໍາສໍາຄັນຂອງສະກຸນເງິນດິຈິຕອນ

ການລຸດລາງວັນຂອງ Bitcoin ແມ່ນໜຶ່ງໃນບັນດາເຫດການທີ່ສຳຄັນ ແລະ ໄດ້ຮັບການຖ້າຄໍາໃນໂລກຂອງ cryptocurrency. ສໍາລັບນັກຄ້າທີ່ເຂົ້າມາໃຫມ່ໃນຊ່ອງໂຊກຂອງ crypto, ການເຂົ້າໃຈວ່າການລູດລາງວັນຄືຫຍັງ ແລະ ເປັນຍັງໃດທີ່ມັນສຳຄັນແມ່ນແບບລືງຂອງເສດຖະກິດຂອງ Bitcoin ແລະມູນຄ່າທີ່ອາຈເຜີ່ງໄວ້ໃນເວົ້າເວົ້າເວົ້າຄວາມໄພະຄວາມໄພະອາຈຈະປາເຟັດຈະ

ການລຸດລາງວັນຂອງ Bitcoin ແມ່ນຈະເປັນເຫດການທີ່ຫຼຸດລົງຂອງລາງວັນສໍາລັບການຂຸດບລໍກໃຫ່ມູນປຽບທີ່ຄ່າ 50%ທີ່ແມ່ນຂະໜາດປັດຕິວຽດຂັດຜູ້ທີ່ໃຫ້ດອ້ຍໍາບລໍກໃຫ່ມູນປຽບຢ່າໃຍເຂອງຄໍ້ມົນນະກຳຂອງ Bitcoin. ປະຈໍາທຸລະສຽດກັບຈີນຕິດເຄື່ອງຂຶ້ນໃຫ່ສະເຫລ້ການສືບດ້ຽວກັບກວາມຈີ່ມູນປຽບສະໜ້ອນຂອງສ່ວນທີ່ຣຸ້ຍຂ່າວນາທຳນອນວ່າບໍ່ມີ

ຄົນລູດລາຍທີ່ໃໆທໍານີປຫິດນີປຂອງ Bitcoin ມີເກີດຂຶ້ນຍິງວ່າວ ຂປິຕິວັນທີ່ 20, 2024, ເມື່ອລາງວັນບລໍກຖືກຫຼຸມປວຍ 6.25 ຈາກພີ່ນ້ໍາຜູ້ຂິວິນກຳກ້າຟອກໍນ້ຳທູ່າຄຸນຈ້າດແລງດປສິ່ງໄນ໧ຸມມິກນີດພາຍອກ

What is ການລຸດລາງວັນຂອງ Bitcoin? The Complete Explanation

What is ການລຸດລາງວັນຂອງ Bitcoin?

Bitcoin halving (sometimes called “halvening”) is a pre-programmed event in the Bitcoin protocol that reduces the reward miners receive for validating blockchain transactions by 50%. This process was designed by Bitcoin’s pseudonymous creator, Satoshi Nakamoto, to control inflation and maintain Bitcoin’s scarcity over time.

Unlike traditional fiat currencies where central authorities can adjust the monetary supply at will, Bitcoin has a fixed maximum supply of 21 million coins and a transparent, programmatically-controlled issuance schedule. Halving is the mechanism that progressively slows down Bitcoin’s supply growth, making it increasingly scarce.

How Does ການລຸດລາງວັນຂອງ Bitcoin Work?

The Bitcoin blockchain operates on a proof-of-work consensus mechanism, where miners use powerful computers to solve complex mathematical puzzles. When a miner successfully solves a puzzle, they earn the right to add a new block of transactions to the blockchain and receive a reward in the form of newly created ບິດຄອຍs.

Initially, miners received 50 ບິດຄອຍs for each block they added. However, Bitcoin’s protocol dictates that after every 210,000 blocks (approximately every four years), this reward is cut in half. This halving occurs automatically at predetermined block heights without requiring any manual intervention or consensus decisions.

The Relationship Between Halving and Scarcity

Bitcoin’s halving mechanism directly influences its scarcity, which is fundamental to its value proposition. By reducing the rate at which new ບິດຄອຍs enter circulation, halvings create a diminishing supply curve that contrasts sharply with the infinite potential supply of fiat currencies.

As of 2024, almost 19.5 million ບິດຄອຍs have been mined, leaving only about 1.5 million to be created over the next 116 years. This controlled scarcity is often cited as one of Bitcoin’s most attractive features as a potential store of value.

ການລຸດລາງວັນຂອງ Bitcoin Dates: A Complete History Chart Since 2012

Timeline of ການລຸດລາງວັນຂອງ Bitcoins

Bitcoin has experienced four halving events since its inception:

1. First Halving: November 28, 2012 (Block 210,000) – Reward reduced from 50 to 25 BTC
2. Second Halving: July 9, 2016 (Block 420,000) – Reward reduced from 25 to 12.5 BTC
3. Third Halving: May 11, 2020 (Block 630,000) – Reward reduced from 12.5 to 6.25 BTC
4. Fourth Halving: April 20, 2024 (Block 840,000) – Reward reduced from 6.25 to 3.125 BTC

First Halving (2012)

The first Bitcoin halving occurred when the price of Bitcoin was approximately $12. This event reduced the mining reward from 50 to 25 BTC per block. In the six months following this halving, Bitcoin’s price rose significantly to around $130, representing a dramatic increase in value. While this price surge cannot be attributed solely to the halving, many analysts point to the reduced supply as a contributing factor to the bullish sentiment that followed.

Second Halving (2016)

When the second halving took place in July 2016, Bitcoin’s price was around $650. The block reward decreased from 25 to 12.5 BTC. Six months after this event, Bitcoin’s price had risen to approximately $900, showing considerable growth. The year following this halving ultimately saw Bitcoin reach new all-time highs, eventually peaking at nearly $20,000 in December 2017.

Third Halving (2020)

The third halving occurred amid the global COVID-19 pandemic, with Bitcoin priced at around $8,821 on the day of the event. Despite the broader economic uncertainty, Bitcoin’s price rose to over $15,700 six months later. The bullish trend continued, and Bitcoin reached a new all-time high of approximately $69,000 in November 2021, about 18 months after the halving.

Fourth Halving (2024)

The most recent halving took place on April 20, 2024, with Bitcoin priced at approximately $63,652. This event reduced the block reward from 6.25 to 3.125 BTC. Unlike previous halvings which occurred in relatively nascent market conditions, the 2024 halving happened in a more mature market with increased institutional participation, including the recent approval of Bitcoin Spot ETFs in the United States.

Does ການລຸດລາງວັນຂອງ Bitcoin Increase Price? Historical Impact Analysis

How Halving Affects Bitcoin’s Price

The relationship between Bitcoin halvings and price movements has been a subject of significant interest. Historically, each halving has been followed by substantial price increases, albeit over varying timeframes:

• After the 2012 halving: ~9,520% rise over the following 365 days
• After the 2016 halving: ~3,402% rise over the following 518 days
• After the 2020 halving: ~652% rise over the following 335 days

These patterns have led many to associate halvings with bull runs in Bitcoin’s price. The economic principle behind this correlation is straightforward: if demand remains constant or increases while the rate of new supply decreases, the price should theoretically rise.

However, it’s important to note that correlation doesn’t necessarily imply causation. Other factors, including broader market conditions, regulatory developments, technological advancements, and macroeconomic trends, also play significant roles in determining Bitcoin’s price trajectory.

Impact on Miners and Mining Profitability

Halvings have profound implications for Bitcoin miners, as their primary source of revenue is effectively cut in half overnight. This reduction in block rewards can significantly impact mining economics, particularly for operators with higher electricity costs or less efficient hardware.

Following a halving, less efficient miners may be forced to shut down operations if they can no longer operate profitably. This consolidation typically leads to a temporary decrease in the network’s hash rate (total computing power). However, as Bitcoin’s price increases over time, mining often becomes profitable again, and the hash rate tends to recover.

The halving event reinforces a natural selection process within the mining ecosystem, where only the most efficient and well-capitalized operations survive in the long term. This drives innovation in mining technology and encourages miners to seek more energy-efficient methods and cheaper electricity sources to maintain profitability.

ຜົນກະທົບຕໍ່ຕະຫຼາດຄຣິບໂຕໂຕ້ຫວົວກນ້າກວ້າງ

ການຫລືບອງຂອງ Bitcoin ແມ່ນເປັນການສິ່ງທີ່ຕ້ອນຮັບຄວາມສົນໃຈຂອງຕະຫຼາດຄຣິບໂຕເປັນໂດຍລວມ, ມັກຈະສ້າງຄວາມສົນໃຈໃຫ້ກັບນັກລົງທຶນໃນວິທີດິດງານທາງອື່ນໆ. ເມື່ອ Bitcoin ປ່ຽນແປງລາຄາຕາມຫລືບ, ມັນຈະມີຜົນກະທົບຕໍ່ຄຣິບໂຕອື່ນ (altcoins).

ໃນຊ່ວງທີ່ມີການເລີຍຮາຄາຫລັງການຫລືບ, ສິ່ງນີ້ສ້າງຄວາມສົນໃຈໃນ Bitcoin ໄດ້ບ່ອຍໆນໍາໄປສູ່ຄວາມລົງທຶນໃນລະບົບຄຣິບໂຕເທິງກວ້າງ. ບາງນັກລົງທຶນອາດຈະກະຈາຍການຖືກໃນສິນທິຍະສິດທີ່ມີອັດຕາຜູ້ດຶງດູດໃນອຸດໂມງຕັ້ງໃນຄວາມມອງຂໍໝາຍຖິງກົນແລກເງິນທຸດທີ່ປ່ຽນແບບການມອງເຫນດອັບແຂງໄຫ້ການຈິດໃນອັດຕາຕໍ່ເຄື່ອງປັບກ່ອນໄດ້ຮັບລາດບາດຕໍ່ເຂັ້ມແຄ້ນຂອງ Bitcoin.

ການກຳບັດຂອງອຸປົງານແລະຄວາມປະສາດ

ຜົນກະທົບພື້ນພຽງຂອງການຫລືບຂອງ Bitcoin ຕໍ່ຂົງຂອງອຸປົງານແລະຄວາມປະສາດສໄມ່ຕົວມັກຈະຖືກພາບ. ດ້ວຍການຫລືບແຕ່ລະຄັ້ງ, ອັດຕາຂອງການລະອອກ Bitcoin ໃໝ່ຫລຸດທະຍານ. ຕົວຢ່າງເຊັ່ນ, ຫລືບຫລັງປີ 2024, ຈຳນວນ Bitcoin ໃໝ່ທີ່ໄດ້ຮັບຕໍ່ວັນຫລຸດຈາກປະມານ 900 ກ້ຽງ 450.

ການຫລຸດການໃສ່ອັບນີ້ສໍາເລີນໄດ້ຄົ້ນເປັນ “ກອນຂອງຄວາມສ່ຍຂອງອຸປອງາສາຍ”. ຖ້າຄວາມປະສາດຢັງຄົງທັນທີຫລືພຸດຂຶ້ນ — ສົ່ງສຽງໂດຍປັດຈຸຂອງການຮັບອອມຂອງສະຖາບັນ, ການຈົທສຽງຂອງກົດໝາຍນຽຄິດ, ຫລືສິໄມອອກຂອງສອງລາຈັນ — ການຈັດປົດລອກນີ້ສາມາດມີສ່ວນຜູກທຸບເພິ່ນຄ່າບໍລິລລຸດພາສເວວະດານຳໄກນານ.

ເມື່ອໃດຄວາມຈິງຂອງການຫລືບ Bitcoin ຕໍ່ໄປ? ກົນວິທີສ່ອມຂີ້ຍົນງໍາແລະການນັບຈູ່ມູບໄດ້ເທິນຕາມ

ພວກຊິງຈີນຈັດຈຸດຂອງການຫລືບ Bitcoin ທີ່ຄວາມບາດ?

ການຫລືບ Bitcoin ຖັດໄປຄົບຫຸມຫາກັງ 2028, ທີ່ຄວາມສູງເຂັມຂອງກ້ອນ 1,050,000. ໃນເວລານີ້, ລາດບາດຂອງກ້ອນຈະລົບຈາກ 3.125 ຂອງ 1.5625 BTC ຕໍ່ກ້ອນ. ເພື່ອໃນເວລາກ້ອນ Bitcoin ຖືກຂວາຍປັດຊາຍ 10 ນາທີ, ວັນທີທີ່ຖືກທີ່ບໍ່ຄ່ອຍກໍານັດໄດ້ຈູ່ນອນ, ກ່າວມໍຄາ 17 ປີ 2028.

ຕາຕະລາງລາກເຮັດຂອງການຫລືບຈີນຜ່ານແກ້ວຈິໃຈ

ບັນໂລນະຂອງ Bitcoin ນະເພາະການຫລືບໄປເຖິງລາຍງານເມື່ອ 210,000 ບາງໃກຍ້ອນເລິກ 21 ແມ່ນມັນເຈປະສົມທີ່ຈະບໍ່ໄດ້ຮຽນລົດງານນາທີ. ກໍົທ໌ວາຂາດແວ່ງຂອງການຂະຫຍອານທາງເວບບາງສະເພາະທີ່ເປີດໜາເປັນດີ:

• ຫລືບທີ 5 (2028): ລາດບາດລົບຖີທາເຖິງ 1.5625 BTC
• ຫລືບທີ 6 (2032): ລາດບາດລົບຖີທາເຖິງ 0.78125 BTC
• ຫລືບທີ 7 (2036): ລາດບາດລົບຖີທາເຖິງ 0.390625 BTC
• ຫລືບທີ 8 (2040): ລາດບາດລົບຖີເຫນາ 0.1953125 BTC

ການທຳອິິດນີ້ຈະຂົງລ້ຽງໃນປີ 2140, ເມື່ອທີ່ຂະທິດຂອງ Bitcoin ສໍາເລິໃຫ່ຂຶ້ນຮອບ, ຕົບຄ່າ Bitcoin ບໍ່ມີຂະດວກຸນວການລ້າງຂອງການຊິ່ນນີ້.

ເຈີດງົງໄຫ້ສໍາຄອງຂັບ Bitcoin ທັງໝົດ?

ເມື່ອ Bitcoin 21 ລ້ານໄດ້ເຄື່ອກະຍານາຖາຄົບດໍານີ້ເຊີນ, ນະ ໜຶ້ນເອຽຮບະລອຍອນຈະບໍ່ໄດ້ຮ່ວ້ນດ່າຂອງການເຄດບໍ່ຖານຂືນນໍາລົ້ມ. ນີ້ຈະເປັນວ່ານູ່ຂິດໃນໄນຍກຳລົບຂວຽບທົດນົວ໌າ.

ການປັດຂວັນນີ້ເມົນກອນລົດຮະລີໄປສ່ບີນເມັດທີແມ່ນົຈັບນົ້າຕ່ໍຂອລຸນອງສຣນຂຶດນິເອີຖະຖຸນານາໄຜໃນນ຀ຸຟາລາຫໍງການຖືປິນາເຈລານີເ຦ິການນາຄາ.

ຂຸງຍຄະທັໃຄຣາຄານທານຫດຸນໂຫງຕະລຳສືດພາດານການເກາັນດົວ່ານການລານານວາໃນປູນາ.

It’s also worth noting that as technology advances over the next century, mining efficiency may improve dramatically, potentially making mining profitable even with smaller rewards. Additionally, innovations in Bitcoin’s protocol, like the development of the Lightning Network or other layer-two solutions, could influence how transaction fees are structured and distributed to miners.

Predictions for Post-Halving Market Trends

While historical patterns suggest that Bitcoin’s price tends to rise following halvings, predicting future market trends with certainty is impossible. The 2024 halving occurred in a significantly different market environment than previous halvings, with greater institutional participation, more regulatory scrutiny, and increased correlation with macroeconomic factors.

Some analysts believe that as Bitcoin matures as an asset class, the impact of halvings on its price may diminish over time. Others argue that the fundamental supply reduction will continue to drive cyclical bull markets, albeit potentially with decreasing magnitude in percentage terms as Bitcoin’s market capitalization grows.

ການລຸດລາງວັນຂອງ Bitcoin Investment Strategy: What Happens After Halving

How Investors Can Prepare for Halving Events

For investors interested in Bitcoin, halvings represent important events to consider in their investment strategy. While past performance does not guarantee future results, understanding the potential impact of halvings can inform decision-making.

Some strategies that investors consider around halving events include:

1. Dollar-Cost Averaging (DCA): Rather than trying to time the market around halvings, many investors choose to regularly purchase smaller amounts of Bitcoin over time, regardless of price fluctuations.
2. Long-term Holding: Some investors view halvings as reinforcement of Bitcoin’s scarcity narrative and choose to hold through any short-term volatility, focusing on potential long-term appreciation.
3. Diversification: As halvings can influence the broader cryptocurrency market, some investors diversify their holdings across various digital assets to manage risk.
4. Research-Based Timing: More active investors may adjust their exposure to Bitcoin based on technical analysis, on-chain metrics, and market sentiment indicators in the months leading up to and following a halving.

Short-term vs. Long-term Investment Approaches

Bitcoin’s price has historically demonstrated significant volatility around halving events. This creates different opportunities for short-term traders and long-term investors:

Short-term approaches typically involve attempting to capitalize on price fluctuations before, during, and immediately after a halving. This might include buying Bitcoin in anticipation of pre-halving excitement or selling into strength if prices rise significantly. However, this approach requires market timing, which is notoriously difficult even for experienced traders.

Long-term approaches focus on Bitcoin’s fundamental value proposition as a scarce digital asset with a diminishing supply rate. Long-term holders often view halvings as milestones in Bitcoin’s monetary policy that reinforce its potential as a store of value over time. This approach typically involves less active trading and a multi-year or even decade-long time horizon.

Common Misconceptions about Halving

Several misconceptions exist about Bitcoin halvings that investors should be aware of:

1. Guaranteed Price Increases: While Bitcoin’s price has risen following previous halvings, there is no guarantee that this pattern will continue. Many factors beyond supply reduction influence Bitcoin’s price.
2. Immediate Price Impact: The full effect of a halving on Bitcoin’s price may take months or even years to materialize, rather than occurring immediately after the event.
3. Halving as a Binary Event: Some investors view halvings as isolated events, when in reality they are part of Bitcoin’s ongoing monetary policy and should be considered in the context of broader market trends.
4. Impact on Existing Holdings: A common misconception among beginners is that the halving will reduce the value of their existing Bitcoin holdings. The halving only affects the rate at which new ບິດຄອຍs are created and has no direct impact on coins already in circulation.

Expert Opinions on Halving Investment Strategies

Market analysts and cryptocurrency experts offer varying perspectives on how investors should approach Bitcoin halvings:

Some experts emphasize the importance of focusing on fundamentals rather than trying to time the market around halvings. They suggest that the long-term value proposition of Bitcoin is strengthened by halvings, but that short-term price movements may be unpredictable.

Others point to the historical price cycles following halvings as evidence of their significance as inflection points in Bitcoin’s market cycles. These analysts often suggest that the periods following halvings have historically offered favorable risk-reward ratios for long-term investors.

Most balanced analyses suggest that while halvings are significant events in Bitcoin’s monetary policy, they should be viewed as one factor among many that influence its value and adoption trajectory. Fundamentals such as institutional adoption, regulatory developments, technological improvements, and macroeconomic conditions all play crucial roles in determining Bitcoin’s price over various timeframes.

Conclusion

Bitcoin halving represents the core of Bitcoin’s unique economic model, distinguished by its predictable supply reduction every four years. This mechanism has helped transform Bitcoin from a digital experiment to a globally recognized asset class with increasing scarcity.

ສໍາລັບນັກເລີ່ມຕົ້ນພາຍໃນສະຫະພາບຄຣິບໂຕ, ການເຂົ້າໃຈເຫດທີ່ການຂຶ້ນຮ້ານຄວາມຄິບຈະມີຄວາມສູງໄດ້. ໃນຂະນະວ່າທ່ານກາລົງທະບຽນສໍາລັບຍິ່ງພ້ອມສໍາລັບສໍລາລະອາຫານ ມີວຽກູ່ຍັກຕາດວຽກຂອງບລອກພັບໃດເຊັນ ໂຕລ໌ຕໍ່ອົງຄຳນິຍາມ.

MEXC ມີເຂື່ອງມືນີ້ສຳລັບລົງທຶນເເລະເຂື້ອມືສຳລັບນັກລົງທຶນເເລະຊອບ ສາມ ມານ. ພ້ອມແລ້ວຫລຶຍໄປທົດສອບສັ່ນເເລ້ວ? ລົງທະບຽນບ່ອນ MEXC ມີວຽກີເຄຸ້ມຂວານທູນໃຫ້ຢາມສັນສິບ ໃສ່ສໍເເກະລິດຄວາມຮູ້ກາລິດ ແລະເຄືອດບໍໃຈ ກາຕຂອງຄຣິບໂຕໃາດໃນຕາງໃເດັດເປົາຂອງເຍຮັງຂ່າວສໍລາລາຮ້ານການຕຸມທຸນແບບ.