Some Simple Bitcoin Sum

Hi guys,

The next Bitcoin halving is expected at block 840,000. Given the current block height is 839,377, there are (840,000 - 839,377 = 623) blocks remaining.

Bitcoin aims to produce a block every 10 minutes, so:

623 blocks×10 minutes/block=6230 minutes

Converting this to days:

6230minutes / 1440minutes/day ≈ 4.32days

So, there are approximately 4.32 days until the next Bitcoin halving.

Interesting math isn’t it? It’s also pretty easy, all you need to know is the current bitcoin block height and you can calculate the next halving from it. So whenever your pleb friends ask you what the halving is, be sure to show them this calculation just to confuse them more 😂 evil laugh 😹

4.3 days to go

Speaking of the halving, the air is pretty quiet, especially since the price of Bitcoin dipped below $65k a couple of days ago and alts have been bleeding out.

There were even rumors of large Chinese Asset funds managers also getting approval to offer Bitcoin etfs but it didn’t have much effect maybe until they start loading up like BlackRock and the rest of the American Asset management companies that have been buying up bitcoin.

I’m not a huge fan of May in Bitcoin, I wrote a post last bull run “May-Hem”, it was spot on, The May in the following year wasn’t any better, even now I’m getting to understand that the things I don’t like about May start brewing in April.

Under normal circumstances, we should be cruising $50k range and hoping that months after the halving, the market will create a new all time high, but as we will have it new all time high was created before the halving, and then dumping when the halving is just few days away.

We are either at the precipice of something huge or at the edge of disaster. But as always I will take my chances. Either I go back to the village or make it out of the trenches I’ll know I gave everything to something I believed in and that’s okay.

Conclusion

So what's my take moving forward as we inch closer to this pivotal event? I'm tightening my seatbelt. Post-halving periods have historically been catalytic, setting off massive bull runs that have shattered previous price ceilings.

Despite the current gloom, the fundamental principles driving Bitcoin's scarcity and demand aren't going anywhere. If anything, they're becoming more pronounced as the global economic landscape evolves.

Moreover, as the institutional players continue to dip their toes with ETF approvals and large-scale acquisitions, we might just see a delayed reaction in price movements. Remember, the big money doesn't always move fast, but it does move big.

Stay tuned, stay skeptical but optimistic, and most importantly, stay prepared. And hopefully this news about a war and stuff dies off. We are here hustling memes that will take us out of the trenches but some people think a war is the best thing.

Posted Using InLeo Alpha