buy btc on stormgain

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How to Deposit at StormGain How can I deposit You can deposit funds to a trading account in several ways: By crypto wallet There are no fees for this dep...

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2020 is a special year for Bitcoin. On 12 May, the number of bitcoins (BTC) awarded to miners every 10 minutes (known as block rewards) will drop by half, from 12.5 to 6.25. This is all part of Bitcoin’s design. Every 210,000 blocks, or roughly every four years, the total number of bitcoins that miners can potentially earn is halved. Add to that the finite total number of bitcoins in existence (the last BTC is expected to be mined sometime in the 2040s), and you have an asset that resembles a precious resource such as oil or gold.

The next week will be a critical time for anyone interested in Bitcoin (BTC), as it presents an opportunity for profit that you shouldn’t miss. The scheduled Bitcoin halving event will happen on 12 May 2020. After this date, the number of bitcoins awarded to miners will be permanently and irreversibly halved. As a result, the bitcoin supply will go down relative to demand, which should make each unit of BTC more valuable. This halving is built into Bitcoin’s design and happens roughly every four years. We’ve been through two previous halving events before, and each time, the price of Bitcoin has significantly increased. It didn’t just happen immediately but spanned over the following years. Anyone who bought bitcoin before the previous halving events would have profited immensely from their investment. This May, we all get another chance to get in on the action, and StormGain will be the smartest place to buy your BTC.

Bitcoin is already predicted to increase in value this year, but this could be just the beginning of a long-term climb to dizzying heights. According to renowned price PlanB, there are “more one hundred-plus events” indicating that BTC price will rise past to $100,000 next year. PlanB’s projections are based on his stock-to-flow bitcoin price model, which the analyst says calls for a mid-term price tag of six figures. Furthermore, the bullish bitcoin pundit dismisses concerns about how quickly or slowly the bitcoin rise happens as “irrelevant.” Stock to flow ratio, basically a measure of abundance is the amount of a commodity held in inventories divided by the amount produced annually. Gold traditionally has the highest stock to flow ratio of all commodities, hence its high price and value as a safe haven asset. Bitcoin is designed to be similar to gold in many ways. As new coins are mined, rewards diminish over time to ensure a finite amount of bitcoin in existence.