Bearish conditions have prevailed in the crypto market for a long time. When the crypto market will touch the bottom and the market will start pumping again is the question in our minds. It's like we're suffocating.
Currently, the Russia-Ukraine war has caused a global economic recession. This has also had an impact on cryptocurrencies. So I think crypto market will take more time to pump.

What is your opinion on this?

Yeah, there is still no end to the bear run and there is currently a war between Russia and Ukraine,the worst case scenario is the bitcoin bottoming effects on the market. Now the bitcoin bottom will go gradually, unfortunately the war has no ending date yet. I think that the crypto bottoming is more crucial to the crypto community, at least to energize the current market conditions. In my opinion, I think  we gradually getting closer to the bottom level at the price range of $14k to 16k as many crypto analysts has predicted.

There are actually many crypto platforms that are competing with the ethereum platform, example , Solana, and the Binance  smart chain. Yes, Binance network look stronger on this competitive blockchain race because they are more popular, but on the crypto ecosystems any thing can happen. Cardano is also very strong network that is doing great. I think Solana is another good blockchain network that is determined to be dominant network.
However, Ethereum May continue to gain more popularity because is the first network among these three networks and has more investors, like I said, any can happen, Binance smart chain may pull a surprise in the future. Let watch how this competition goes.

Hello, Bitcoin fans!

Despite its rise and fall in value over the last few years, Bitcoin is still one of the most in-demand cryptocurrencies in the market. With the increasing number of people diving into Bitcoin, more and more BTCs are being mined every single day, which poses the question: Will Bitcoin ever run out? If you’re interested in more about what’s in store for the future of Bitcoin, then read on.

What is Bitcoin mining and how long will it take?

Currently, there are roughly 18,000,000 BTC tokens in existence. When the limit is reached, there will be no more tokens created. According to Decrypt.com, the last Bitcoin will be mined in 2140.

Often referred to as the ‘digital gold’, Bitcoin is obtained through a process called ‘mining’ where ‘miners’ can produce Bitcoin tokens by solving a complex mathematical problem in the blockchain. Bitcoin has a hard cap of 21 million. Meaning, there is a finite number of Bitcoin tokens that can be mined.

What happens when the last Bitcoin is mined?

A Bitcoin token is produced every 10 minutes when a miner adds a new block to the chain. Each time a miner successfully processes a transaction, they are rewarded in BTC.

Once the last Bitcoin transaction is made, all the miners in the chain will still be a part of the network, but they will no longer receive BTCs as incentives for maintaining the blockchain.

As the price of Bitcoin continues to rise, it encourages a lot of people to become miners. Through the use of high-end devices, miners are able to participate and add more blocks to the chain. However, if this process goes unchecked, the supply can run out immediately.

18.5 million Bitcoin tokens have already been mined. With roughly 3 million tokens left, it’s easy to imagine that Bitcoin’s mining stage could be coming to an end soon.

To slow down the production of tokens, Bitcoin halving happens when the 210,000 blocks are added to the blockchain. During this event, the miners’ rewards are halved to ensure that the value of Bitcoin becomes scarce, which in turn pushes up its price in the market.

When the first Bitcoin was mined, miners would receive a reward of 50 BTC. It was cut by 50% in 2012, which decreased their incentives by half. Then in 2016, miners received 12.5 BTC, and then it was again cut in half so it became 6.25 BTC in 2020. When the 740,001st block is added to the chain, the reward will be 3.125 BTC. This halving process will continue every four years until all the tokens are mined. In the Bitcoin timeline, BTC tokens won’t run out for the next hundred years.

The importance of Bitcoin’s finite supply and Bitcoin halving

The idea of an unceasing production of Bitcoin is enticing, but just like everything else in the economy, it must follow the law of supply and demand. If new Bitcoins are steadily added to the blockchain, it would result in overproduction. When this happens, the value of Bitcoin will decrease.

Contrary to the traditional banking system, minted Bitcoin tokens cannot be reprinted by the government. Because of its hard capped supply, the 21 million will stay fixed and keep its circulation in the market in check.

Is it time to mine or buy Bitcoin?

There’s no better time than now to join the crypto fray. As cryptocurrency gains traction by the day, people can see the undeniable rewards of investing and mining. If you’re a tech-savvy person, mining is an option.

On the other hand, if you’re keener to trade or just simply keep your tokens, then buying Bitcoins is better for you. Just look for a Bitcoin Exchange that features trading, buying and selling, as well as a reliable crypto wallet.

Bitcoin’s supply will not run out in the next hundred years or so and it still has time to change the financial sector as we know it. With its significant growth in the past few months, Bitcoin is on its way to ushering in the revolutionary promise of blockchain technology and decentralisation.

Which is better for you, to mine Bitcoin or buy Bitcoin?


Thanks for reading and waiting for your thoughts.
Cheers,
Karl from Bitcasino

When you consider the bitcoin total supply, it is very clear the total supply of bitcoin will be fully mined
in near future, and this could be partially a run out of bitcoin in the short term. Again, bitcoin may be consider to have run out when the supply of bitcoin has been owned by individuals in their wallets. I think bitcoin will extremely be scarce that it will look to be in a run out scenarios in the future. In a nutshell, bitcoin may run out if all bitcoin total supply is fully mined and is being owned by individuals.

Dogecoim mostly pump when there are news from Elon Musk tweetsr, and I think dogecoim has a long way to go, and hitting $100 is not foreseeable. Currently, there is no new big buy(that is, institutional investors buying). Dogecoin, with the conditions on the crypto market, will at times pump when bitcoin make some good moves on the entire crypto market, it follows bitcoin price movement too. I don’t see dogecoim touching the $100 mark now or in near future.

I don’t think Solana is competing with ethereum network, and etheruem remain the first altcoin on smart contract and the second biggest crypto ecosystem. Though Solana is much faster in terms of the number of transactions it can process and has significantly lower transaction fees than rival blockchains like ethereum but I think ethereum remains the most popular platform and most prefer network on some good features like smart contract.

Yes Tron can go higher in price, it a solid project and has great potential to be at the top 10 at the coinmarketcap ranking. Trx network is an old project with huge potential for investments opportunity. The Tron network system is an ecosystem which which any one can create decentralised applications, and share media content. It was launch in 2017 but was originally a ERC-20-based tokens,  the Ethereum blockchain but in 2018 they separated to become their own token with its own blockchain.

Micro Strategy has been a great lover of crypto and will do everything every thing possible with in his reach to boost crypto (bitcoin) prices. I think this step taken is good gesture and should be commended.

In common terms, a bank’s fundamental business is borrowing and lending money. Their earnings comprise of the interest that they earn from independent customers.