The Bitcoin and counterfeit coin markets have been on a roller coaster ride in the past few months, and investors hope to seize every opportunity to profit, especially in the current trend of creating emoticons such as PEPE, AIDOUGE, TURBO, etc.Now, with the approaching halving of Bitcoin, renowned cryptocurrency analyst Michael van de Poppe believes it is time to accumulate alternative coins
The Bitcoin and counterfeit coin markets have been on a roller coaster ride in the past few months, and investors hope to seize every opportunity to profit, especially in the current trend of creating emoticons such as PEPE, AIDOUGE, TURBO, etc.
Now, with the approaching halving of Bitcoin, renowned cryptocurrency analyst Michael van de Poppe believes it is time to accumulate alternative coins.
In a tweet released by analysts earlier today:
For counterfeit coins, the time has come to accumulate them. Half of the previous year -> It's time to buy these positions. An important level has been reached here, which is also approximately. One year before halving.
It's time to make Duoshanzhai coins
Counterfeit currency 2016 Counterfeit currency
Counterfeit currency
It is worth noting that the halving of Bitcoin is an event that occurs every 210000 blocks mined, approximately every four years. This is a mechanism to ensure the scarcity of Bitcoin and help maintain its value.
During the halving period, the block rewards were halved, which reduced the supply of new Bitcoin being produced. The last Bitcoin halving occurred on May 11, 2020, and the next halving is expected to occur between April 2024 and May 2024.
Counterfeit currency
Counterfeit currency
Expected response after halving Bitcoin
Counterfeit currency (ETH) (BNB) (DOGE) (ADA) Counterfeit currencySignificantly increased.
CoinMarketCap 40% Counterfeit currency 60% 70%Counterfeit currency
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After the halving event, the block reward for Bitcoin miners confirming transactions online will be reduced to 3.125BTC.
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