Bitcoin halving sometimes plummets due to the following reasons: Miner selling pressure Market uncertainty Investors profit taking External effects What to do: Understand the halving impact Diversify your portfolio Stay patient and hold for the long term
Why did Bitcoin plummet when it halved?
Bitcoin halving is its unique mechanism that halves the block reward of Bitcoin to control its supply. This mechanism is designed to maintain Bitcoin scarcity, but can sometimes trigger price fluctuations during halvings.
Reasons:
- Selling pressure: Miners receive less Bitcoin rewards after halving, so may sell some Bitcoins to make up for the losses.
- Uncertainty: There is uncertainty in the market about the potential impact of the halving, causing investors to wait and see.
- Profit Taking: The rising Bitcoin price before the halving may cause investors to take profits after the halving.
- External Factors: Economic or regulatory events unrelated to Bitcoin may affect the price.
How to respond:
- Understand the impact of the halving: It is crucial to research the potential impact of the halving before investing important.
- Diversified Portfolio: Don’t put all your eggs in the Bitcoin basket.
- Patience: The impact of the Bitcoin halving may be gradual. Be patient and avoid making impulsive decisions when prices fluctuate.
- Long-Term Hold: The long-term trend for Bitcoin remains bullish. If you are a long-term investor, there is no need to panic about short-term fluctuations during the halving period.
Other Notes:
- Having does not always result in a crash.
- Price fluctuations depend on various factors, including market sentiment, regulatory policies and economic conditions.
- There are risks involved in investing in Bitcoin. Before investing, please carefully consider your risk tolerance.
The above is the detailed content of Bitcoin plunges on halving. For more information, please follow other related articles on the PHP Chinese website!

Ouyi OKX is the world's leading digital asset trading platform. 1) Its development history includes: it will be launched in 2017, the Chinese name "Ouyi" will be launched in 2021, and it will be renamed Ouyi OKX in 2022. 2) Core services include: trading services (coin, leverage, contracts, DEX, fiat currency trading) and financial services (Yubibao, DeFi mining, lending). 3) The platform's special functions include: market data services and risk control system. 4) Core advantages include: technical strength, security system, service support and market coverage.

APP software that can purchase mainstream coins includes: 1. Binance, the world's leading, large transaction volume and fast speed; 2. OKX, innovative products, low fees, high security; 3. Gate.io, a variety of assets and trading options, focusing on security; 4. Huobi (HTX), low fees, good user experience; 5. Coinbase, suitable for novices, high security; 6. Kraken, safe and compliant, providing a variety of services; 7. KuCoin, low fees, suitable for professional traders; 8. Gemini, emphasizes compliance, and provides custodial services; 9. Crypto.com, providing a variety of offers and services; 10. Bitstamp, an old exchange, strong liquidity,

Quantum Chain (Qtum) is an open source decentralized smart contract platform and value transmission protocol. 1. Technical features: BIP-compatible POS smart contract platform, combining the advantages of Bitcoin and Ethereum, introduces off-chain factors and enhances the flexibility of consensus mechanisms. 2. Design principle: realize on-chain and off-chain data interaction through main control contracts, be compatible with different blockchain technologies, flexible consensus mechanisms, and consider industry compliance. 3. Team and Development: An international team led by Shuai Chu, 80% of the quantum coins are used in the community, and 20% rewards the team and investors. Quantum chains are traded on Binance, Gate.io, OKX, Bithumb and Matcha exchanges.

Quantum chains can be traded on the following exchanges: 1. Binance: One of the world's largest exchanges, with large trading volume, rich currency and high security. 2. Sesame Open Door (Gate.io): a large exchange, providing a variety of digital currency transactions, with good trading depth. 3. Ouyi (OKX): operated by OK Group, with strong comprehensive strength, large transaction volume, and complete safety measures. 4. Bitget: Fast development, provides quantum chain transactions, and improves security. 5. Bithumb: operated in Japan, supports transactions of multiple mainstream virtual currencies, and is safe and reliable. 6. Matcha Exchange: a well-known exchange with a friendly interface and supports quantum chain trading. 7. Huobi: a large exchange that provides quantum chain trading,

Platforms that support Qtum trading are: 1. Binance, 2. OKX Ouyi, 3. Huobi, 4. Gate.io Sesame Open Door, 5. Siren, 6. Coinku, 7. Bit stamp, 8. Coinku, 9. Bybit, 10. Gemini, these platforms have their own characteristics and advantages.

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Exchanges that support cross-chain transactions: 1. Binance, 2. Uniswap, 3. SushiSwap, 4. Curve Finance, 5. Thorchain, 6. 1inch Exchange, 7. DLN Trade, these platforms support multi-chain asset transactions through various technologies.

Suggestions for choosing a cryptocurrency exchange: 1. For liquidity requirements, priority is Binance, Gate.io or OKX, because of its order depth and strong volatility resistance. 2. Compliance and security, Coinbase, Kraken and Gemini have strict regulatory endorsement. 3. Innovative functions, KuCoin's soft staking and Bybit's derivative design are suitable for advanced users.

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