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Bitcoin Halving 2020 for newbies (price prediction + infographics) - YouTube
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as you may have heard the countdown for
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VidCon having 2020 has already started
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and with that everybody is asking what
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is Bitcoin having when does it happen
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and what happens to the value of Bitcoin
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when it does happen we're gonna answer
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all these questions today but if you
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stay with me until the end I'm going to
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give you some Easter eggs about this
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year's housing all of that coming up
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next
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[Music]
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my name is Arash and I'm watching
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experts from EXO tooshie company a place
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where blood chain isn't that hard to
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understand well let's get to that work
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if you want to know exactly what Bitcoin
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Halloween is you have to start with
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Bitcoin mining well in Bitcoin mining
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new coins are created as a reward for
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new miners who can verify the blocks
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from blockchain in the other days of
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Bitcoin the reward system for one
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Bitcoin was set out to be 50 blocks but
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Satoshi Nakamoto the creator of Bitcoin
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Silla a rule or principle that could cut
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the value of Bitcoin in every two
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hundred thousand blocks or roughly every
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four years so that it is called howling
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but you might ask why should we cut the
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value of Bitcoin in half why not keep it
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the same isn't that unfair to the miners
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well to answer that we should say
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Bitcoin was designed to be valuable so
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in that end if you were to have more and
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more Bitcoin every time the miners mind
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the Bitcoin the value of Bitcoin would
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reduce dramatically over time but then
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we have Bitcoin Halloween this value
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will gradually rise until it reaches a
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point where a Bitcoin is the most
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important and the most valuable coin a
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long time we mentioned that Bitcoin
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Halloween happens every four years right
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well what's interesting about this
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phenomenon that it coincides with u.s.
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presidential elections now a lot of
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people think that it's just a
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coincidence and nothing that big but
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majority of people believe that the
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comodo that did it on purpose because
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most of the crises and especially
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financial crises happens during an
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election year but why Bitcoin how mean
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coincides with u.s. presidential
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elections well the fact is that we don't
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know nobody knows I think the most
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important and maybe the most common
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question that forget about Bitcoin how
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main
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is that does the value of Bitcoin double
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down when Bitcoin howling happens well
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to answer that question let's go over to
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the history of two previous Bitcoin
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hallux Bitcoin was around eleven dollars
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when the first having happened in
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November 2012 then in 2013 an entire
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year later Bitcoin spiked to 1000 and
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100 dollars before dropping back at
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around 220 dollars
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and remaining under $1,000 for a few
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years in July 2016 during the second
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helping Bitcoin was around $600 and
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spiked to 20,000 near the end of 2017
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which was around 18 months after the
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hell Bank so in short we can say that
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the price of Bitcoin will rise
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dramatically between 12 to 18 months
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after the help if you remember we told
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you that this year's having is a little
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bit different from other hallux and
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there are two reasons for that number
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one people are more aware of Bitcoin
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Halleck according to Google the searches
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for Bitcoin having recently reached its
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peak meaning that more and more people
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are curious about this phenomenon and
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what happens to the value of Bitcoin
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when it does happen and the second
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reason for why this year's housing is
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different is that it coincides with the
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chrome iris pandemic people have
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contrasting ideas about what happens
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after this shows howling but the
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majority believed that because it is
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much harder to mined bitcoins during a
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pandemic discovery of Bitcoin will even
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rise meaning that the spike in the price
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is not that so far-fetched now I want to
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ask a question what do you think happens
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when this year's having happens does the
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price of Bitcoin will go up or down and
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what's the difference between this
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year's having and the ones happened
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before
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if you liked our video please don't
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