Boasting a community of over eight million people, eToro is one of the leading global trading and investment platform and it specialises in cryptocurrencies. Although there are more than 1,200 assets to trade on eToro, which was founded in 2007, it is in the crypto space that it is particularly popular. The innovative platform began offering Bitcoin in 2014, and at the time of writing mid 2018 eToro has 10 cryptos available to buy outright. These are as follows: Bitcoin; Bitcoin Cash; Ethereum; Ethereum Classic; Dash; Ripple; Litecoin; Stellar; NEO; and EOS. The motto at eToro is Cryptos Neednt Be Cryptic and the team are always trying to educate users about cryptocurrencies, through blogs, videos and other helpful resources. And to make trading even more straightforward eToro has two pioneering tools CopyTrader and CopyFund that are game-changers for crypto investors of all levels. The first, CopyTrader, allows users to match top traders automatically, and is perfect for those users who are unsure about what cryptos to invest in. Over time, and by monitoring the top traders strategies, eToro clients can build up their trading experience and confidence. The second allows users to diversify their portfolio

Boasting a community of over eight million people, eToro is one of the leading global trading and investment platform and it specialises in cryptocurrencies. Although there are more than 1,200 assets to trade on eToro, which was founded in 2007, it is in the crypto space that it is particularly popular. The innovative platform began offering Bitcoin in 2014, and at the time of writing mid 2018 eToro has 10 cryptos available to buy outright. These are as follows: Bitcoin; Bitcoin Cash; Ethereum; Ethereum Classic; Dash; Ripple; Litecoin; Stellar; NEO; and EOS. The motto at eToro is Cryptos Neednt Be Cryptic and the team are always trying to educate users about cryptocurrencies, through blogs, videos and other helpful resources. And to make trading even more straightforward eToro has two pioneering tools CopyTrader and CopyFund that are game-changers for crypto investors of all levels. The first, CopyTrader, allows users to match top traders automatically, and is perfect for those users who are unsure about what cryptos to invest in. Over time, and by monitoring the top traders strategies, eToro clients can build up their trading experience and confidence. The second allows users to diversify their portfolio

Reading:IOTA Outage Has Already Outlasted Several Celebrity Marriages

Julio Gil-Pulgar@gil_pulgarFeb 08, 202016:00

Julio Gil-Pulgar@gil_pulgarFeb 08, 202016:00

After the second halving in 2016, Bitcoins price skyrocketed. So, will the third halving, scheduled to occur in May 2020, repeat the same?

A Bitcoin halving occurs every four years. At each halving event, the BTC generation algorithm cuts the block reward by half. As a result, Bitcoin is inflation-resistant because only 21 million bitcoins will ever be mined. The last coin will be created around the year 2140.

Thus, the implications of Bitcoins next halving could be significant. History might repeat itself, or something unexpected might happen.

Some expertsestimatethat after the upcoming halving, miners will continue to profit, but only if Bitcoin maintains a price range of $12,000 $15,000. Others claim that a pre-halving BTC rally is already underway with billions of dollarspouringinto the crypto market.

Mike Co, writing forThe Coinbase Blog,arguesoptimistically about the cryptocurrencys future after the May 2020 halving, by describing Bitcoins superiority over gold and fiat currencies.

Since August 1971, when the dollar ceased to be pegged togold, Co says, the dollars value has declined, and gold has risen from a fixed $35 per ounce to over $1,500 today.

Thus, if scarcity makes gold superior to the dollar, then Bitcoin is far superior to gold. Co explains,

Golds scarcity has been the foundation for a total market cap that exceeds $7 trillion, with demand by global financial institutions, individuals, and central banks. Now, imagine for a moment that there was a base metal as scarce as gold with one special property:

[Bitcoin] can be transported over a communications channel.

Miners secure Bitcoin by validating and timestamping each transaction, which requires computing power. But afterMay 2020, new coin issuance will drop from 12.5 to 6.25 new bitcoins. Having fewer coins available to mine could certainly discourage miners from spending more computer power. However, Co explains,

The economics of Bitcoin tend to be resilient and self-balancing. After two halvings in the past that limited rewards to miners, mining power (aka hashrate) has recently reached all-time highs. Or, in other words, as bitcoins supply has edged toward its 21 million limit, network security has increased in parallel.

Moreover, halving helps Bitcoin to increase its superiority overgoldin many other ways. For example, Co ascertains that nobody knows precisely how much gold has been extracted. But anyone with a basic computer can at any time independently verify the entire Bitcoin supply in existence.

Moreover, it is difficult and expensive to verify golds purity. But the cryptocurrency can easily be verified by running a full node. Co underscores thisBTCadvantage,

Imagine if a gold purity machine could simultaneously verify a public record of all gold transactions ever made in history. Currently, there are over 52k nodes operating in 96 countries to verify Bitcoins network.

Next, Co details Bitcoins advantages overgoldin terms of accountability, low fees for cross-border transactions, privacy, portability, divisibility, and scarcity.

During the last decade, the cryptocurrencys value hasrisen significantly. And now, both assets are safe havens from fiat currency devaluation. Co concludes,

Armed with a myriad of technological advantages, accelerating development, and maturing global market, Bitcoin is a store of value to rival gold in the digital age.

How do you think the third halving will impact BTCs value? Let us know your comments below.

Images via The Coinbase Blog, CoinMetrics, TradingView

A Pre-Halving Bitcoin Price Rally Is Already Underway

Coinbase: After Two BTC Halvings, Hash Rate Is Reaching All-Time High

Bitcoin Is a Store of Value to Rival Gold in the Digital Age.

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