People are becoming increasingly interested in one of the well-known currency in the world named Bitcoin. In the present time people’s interest in this currency is peaked and is now stronger than the search for “Bitcoin” itself.
The third halving of the Bitcoin mining reward is coming, estimated in less than a month, in May, and the currency is undoubtedly better known in the world than in 2016, before the second halving. on the other hand, according to the Google trend there are many people who are aware of bitcoin, but still want to know about the bitcoin halving.
If we believe that a value of 100 is the maximum popularity for the term, as Google Trends explains, which means that a value of 50 means that the term is half popular, we can compare the related terms and see how they are going in contrast. We find the first one that has risen very slowly since the end of 2018 when it had a value of 3, rising to 16 in June 2019, then seeing a strong increase in December 2019, reaching 50 in March and further increasing to 100 in April.
Information about Bitcoin halving
While the former fired up to 100, the latter remains around 2-3. Zooming to observe the last 12 months instead of a decade, we see “bitcoin halving” with a gradual increase starting from December 2019 and shooting in the last week of March. Additionally, interest in halving is now stronger than in bitcoin during the market rally in 2017, when BTC hit USD 20,000.
Last bitcoin halving was on July 9th of 2016. On the other hand, the difference between then and at the present is that the attention that led to these halves started months earlier than four years ago.
The cryptographic research firm Arcane Research also noted this increase in interest, while Arcane Crypto CEO Torbjørn Bull Jenssen tweeted (before this peak exceeded that of 2016): “The peak was highest in 2016, but it was short-lived. The current search volume is more constant. ”
In the meantime, trader and economist Alex Kruger has commented on the possibility of making predictions about what will come after this halving based on limited data, there have been only two halves of Bitcoin and, generally, very few others who would provide an idea. “Everyone does it,” he says.
Bitcoin – a currency of future
Bitcoin is the currency of the future, at least according to some, and their prices are increasingly a subject of interest and speculation.
Bitcoin is a virtual currency, which is the most famous in circulation. The cryptocurrency, which is just one of many present today, has as its strength a complex cross between privacy and technological innovation
Bitcoin does not exist concretely, there is nobody that controls their diffusion, but they are limited to being a currency present at the computer level.
The creation of Bitcoin is associated with the resolution of very complex calculation processes, a method that regulates their progress and growth according to predictable patterns. Bitcoin also follows some rules for making money.
The idea behind Bitcoin is to create a currency independent of any type of authority that allows you to make electronic payments globally without checks, instantly and anonymously.
Precisely for this reason, the currency has been banned in China and Japan and in many other countries the effects of this new means of payment are feared.
How Bitcoin Works
Bitcoin is a completely virtual coin designed to be autonomous in terms of its value, without the central banks influencing it. Bitcoin has value and is exchanged between the parties. You can use your Bitcoin to buy goods and services online or you can put them away and hope that its value will increase over the years. You can perform the bitcoin trading with bitcoin-profitapp.com to make maximum profit.
Bitcoin cannot be counterfeited. It is so intensive and computationally difficult to create a Bitcoin, which is not economically convenient for counterfeiters to manipulate the system. But if one follows proper guideline then it is also not difficult to create money with bitcoin currency.
Carolyn Coley is a blockchain reporter. She joined Smartereum after graduating from UC Berkeley in 2018.
