As your Broker of Choice we want to keep you informed about significant events in all the markets with offer, including the cryptocurrency market, that may impact your trading activities.
An important event, known as the Bitcoin Halving, is scheduled to occur in approximately 10 hours from when you received this email, this estimation takes in consideration the remaining 76 blocks still remaining before we reach the 210.000 blocks mined that triggers the halving, but it could be not extremely accurate.
What is the Bitcoin Halving? The Bitcoin Halving is an event that happens approximately every four years (or every 210,000 blocks mined), where the reward for mining new blocks is halved, meaning miners receive 50% fewer bitcoins for verifying transactions. This halving process is a key feature of Bitcoin’s economic model to control inflation and extend the distribution of new Bitcoins over time.
What to Expect:
- Volatility: Historically, the Bitcoin halving has led to increased price volatility. Traders should be prepared for potential price fluctuations during this period.
- Market Impact: The reduction in block rewards tends to constrict the supply of new bitcoins. This scarcity can lead to price appreciation over the long term, although immediate effects can vary and can show an uprising of short position due to people taking profits.
- Trading Opportunities: Such events often present unique trading opportunities. We encourage you to review your trading strategies and consider how the halving might influence your positions and monitoring them closely in order to take advantage but also protect yourself.
What You Need to Do:
- Stay Informed: Keep an eye on market developments as the halving approaches.
- Risk Management: Given the expected volatility, it is crucial to consider appropriate risk management strategies, such as setting stop-loss orders to protect your investments.
Please note, these changes won’t affect OQtima’s operational hours. Our team will still be on hand to provide our stellar support if you need us.