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The impact of bitcoin halving to bitcoin mining.
by
Honyek
on 08/04/2024, 21:49:42 UTC
Contrary to popular belief, this halving will likely not cause a major decrease in the network's hashrate. After Bitcoin’s first three halvings, the hashrate plummeted by 25%, 11%, and 25%, and it appears many analysts and miners are expecting (or hoping for?) a similar hashrate reduction this time.

The forthcoming Bitcoin halving is expected to result in a modest decrease in the hashrate, ranging from 5 to 10%. This stems from the present high profitability of Bitcoin mining, driven by its high price, and the observation that approximately 70% of Bitcoin's hashrate was introduced since January 2022, operating under mining economics that at times were less favorable than those now anticipated post-halving.

Additionally, the hashrate is expected to quickly bounce back from this slight dip. In the past three halvings, the network recovered its pre-halving hashrate levels within an average of 57 days. This trend highlights an important perspective: halvings should not be viewed as events that lower the hashrate, but rather as brief pauses in the hashrate's relentless upward trajectory.

The hashrate's robustness is further enhanced by the continuous efforts of miners to update their equipment with the newest and most efficient models. This strategy is anticipated not just to offset any short-term reductions in hashrate, but is also likely to lead to a significant uptick in hashrate in the forthcoming months.

In essence, the upcoming Bitcoin halving is likely to be a brief hiccup in the network's hashrate trajectory, rather than a significant setback.







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Bitcoin history.
by
Honyek
on 06/04/2024, 15:15:24 UTC
Based on a free market ideology, bitcoin was invented in 2008 by Satoshi Nakamoto, an unknown person. Use of bitcoin as a currency began in 2009, with the release of its open-source implementation.

Bitcoin had a price of zero when it was introduced in 2009. Its price jumped from its long-held level of $0.10 to $0.20 on Oct. 26, 2010. Before the year had closed out, it had reached $0.30. In 2011, it started growing past $1, reaching a peak of $29.60 on June 8, 2011; however, a sharp recession in cryptocurrency markets followed, and Bitcoin's price dropped, closing out the year at about $5.

The year 2012 proved to be a generally uneventful year for Bitcoin, though it did increase by a few dollars; however, 2013 witnessed strong gains in price. Bitcoin began the year trading at $13, crossed $100 by April, then $200 by October.

The remainder of the year witnessed historic gains for Bitcoin. It crossed $1,000 in November and closed out the year at $732.

Prices slowly climbed through 2016 to over $900 by the end of the year. In 2017, Bitcoin's price hovered around $1,000 until it broke $2,000 in mid-May and then skyrocketed to close at $19,188 on Dec. 16.

Mainstream investors, governments, economists, and scientists took notice, and other entities began developing cryptocurrencies to compete with Bitcoin.

Bitcoin's price moved sideways in 2018 and 2019, with small bursts of activity. For example, there was a resurgence in price and trading volume in June 2019, with the price surpassing $10,000. However, it fell to a closing price of $6,612 by mid-December.

In 2020, the economy shut down due to the COVID-19 pandemic. Bitcoin's price burst into action once again. The cryptocurrency opened the year at $7,161. The pandemic shutdown and subsequent government policies fed investors' fears about the global economy and accelerated Bitcoin's rise.

At the close on Nov. 23, Bitcoin was trading for $18,383. Bitcoin's price closed at $28,993 on Dec. 31, 2020, increasing 416% from the start of that year.

Bitcoin took less than a month in 2021 to smash its 2020 price record, surpassing $40,000 by Jan. 7, 2021. By mid-April, Bitcoin prices reached new all-time highs of over $60,000 as Coinbase, a cryptocurrency exchange, went public. Institutional interest propelled its price further upward, and Bitcoin reached a peak of $64,895 on April 14, 2021.

By the summer of 2021, prices were down by 50%, closing at $30,829 on July 19. September saw another bull run, with prices scraping $52,956, but a large drawdown took it to a closing price of $40,597 about two weeks later.

On Nov. 10, 2021, Bitcoin again reached an all-time high of $69,000 before closing at $64,921. In mid-December 2021, Bitcoin fell to a close of $46,211. The price started fluctuating more as uncertainty about inflation and the emergence of a new variant of COVID-19, Omicron, continued to spook investors.


Between January and May 2022, Bitcoin's price continued to gradually decline, with closing prices only reaching $47,459 by the end of March before falling further to $29,000 on May 11. This was the first time since July 2021 that Bitcoin closed under $30,000. On June 13, crypto prices plunged. Bitcoin dropped below $23,000 for the first time since Dec. 2020. Bitcoin then dropped below $20,000 by the end of 2022.

Fortunes changed for Bitcoin in 2023, which saw a stellar rise in the price of the cryptocurrency. Bitcoin opened 2023 at a price of $16,530. It rose consistently throughout 2023, ending the year at $42,258.


In January 2024, the long fight for Bitcoin Spot ETFs came to a close after the SEC was forced by courts to review its denial of certain Bitcoin-related products. Some brokerages swarmed the market and increased their holdings, while others, like Grayscale's Bitcoin Trust (GBTC), experienced significant outflows at the onset.

The outflows from certain funds slowed into March, settling the market somewhat. The marketwide rebalancing was likely because there were suddenly more options for investors to choose from.

Bitcoin's price climbed quickly after the fund approvals—in late February and early March, it once again breached $60,000, setting a high of $69,210 on March 6 and another of $70,184 on March 8. On March 14, Bitcoin continued setting records, reaching all time high of $73,835.57 by mid-day.

What do you think about this?












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Re: Are you ready for the Bitcoin bull market? What's your plan? Some ideas for you
by
Honyek
on 29/01/2024, 13:29:14 UTC
l planned to invest some of my money in bitcoin and live the investment for a long time. l may or may not wait till the end of the bull run before l sell almost all or all my investment, depending on the outcome of things along the path. My target is to make reasonable and good profit at the end of it all.
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Re: Best time to buy BTC NOW?
by
Honyek
on 28/01/2024, 21:32:52 UTC
l think now is the right time to buy bitcoin, although anything can happen, and the price will decrease, it will not decrease all that much, and  it will eventually go up much higher than this, considering the past record. However anyone who wants to  make a purchase or an investment, needs to make proper research before doing such.
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Latest News on HSBC Golf Women's World Championship.
by
Honyek
on 23/12/2023, 16:50:06 UTC
World No. 6 Jin Young Ko has confirmed she will defend her title at the HSBC Women’s World Championship, taking place at Sentosa Golf Club, Singapore, February 29 – March 3, 2024.

Ko, a two-time major champion, won the 2023 edition by two shots over America’s Nelly Korda in a thrilling finale. Despite challenging weather conditions, the 27-year-old maintained her composure, carding a final-round 69 to clinch her 14th LPGA victory and become the first player in the tournament’s history to successfully defend her title. The victory marked a return to the winner’s circle for the 27-year-old, who had struggled with a persistent wrist injury since the second half of 2022.

Tickets for next year’s 16th edition of the HSBC Women’s World Championship will go on sale Thursday, December 14th, at 12pm SGT. There’s a special early bird offer with a 20% discount on weekend and seasonal tickets only. In addition, the first 100 tickets to be purchased will receive an exclusive HWWC Goodie Bag to be redeemed on-site. For detailed information on ticket sales, please visit www.hsbcgolf.com/womens/tickets. As we celebrate the 16th edition, it’s remarkable that of the 14 previous winners, 12 are Major champions, testament to the golfers’ claim that this is ‘Asia’s Major’.

Kee Joo Wong, CEO HSBC Singapore said, “HSBC is committed to opening up a world of opportunity for women in sport and to bringing the best of the world to Singapore. We’re delighted to welcome back our defending champion, Jin Young Ko, whose thrilling final-round performance was a highlight of this year’s event. Against the backdrop of Singapore, recognised as one of the world’s most dynamic cities, this world-class tournament finds the perfect stage at Sentosa Golf Club, and we couldn’t be more excited for the 2024 edition.”

The 72-hole stroke play tournament will once again be played on the renowned Tanjong Course at Sentosa Golf Club, which hosts its 11th edition of the tournament. Celebrated for its commitment to sustainability initiatives in golf globally, Sentosa Golf Club proudly holds the titles for ‘World’s Best Golf Course,’ ‘Asia’s Best Golf Course,’ and ‘Singapore’s Best Golf Course’ as awarded at the 2023 World Golf Awards.

Prediction. Who will win the HSBC  golf women championship 2024?





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Latest News On Golf Sports Betting.
by
Honyek
on 22/12/2023, 13:33:34 UTC
Get ready to tee off on an incredible range of golf betting markets at William Hill: there are tournaments held every week around the world, and here you'll find a great selection of odds on all of them.

From the PGA and DP World Tour to the four majors, you'll find odds on the best players, the rising stars, and the biggest tournaments the game of golf has to offer.

Throughout the year you'll see the likes of Rory McIlroy, Jon Rahm, Brooks Koepka, Tiger Woods and Jordan Spieth take to some of the most famous courses on the planet. At William Hill, you'll find betting markets on every golf tournament going.

The Majors

The majors are golf's most-prestigious events: the ones that every professional golfer dreams of winning at some point in their career. There are four golf majors: the Masters, the PGA Championship, the U.S. Open and the Open Championship, and you can find a massive range of odds and betting market on each one here at William Hill.

Betting on the Masters

The Masters is one of golf's four majors, and the only one always held at the same venue each year. Augusta National in Georgia is home to the Masters, with the prestigious green jacket awarded to the champion.

The Masters turns 90 years old in 2024 and becoming part of that rich history is one of the main reasons that every player strives so hard to finish top of the leaderboard at Augusta. You'll find all the latest odds on the Masters here, including the outright winner and markets for first round leaders, who will make the cut, the winning margin and even whether a player will make a hole in one.

The 2023 Masters was won by Spain's Jon Rahm. He finished four strokes ahead of the American pair of Brooks Koepka and Phil Mickelson.

The next edition of golf's Masters tournament will be held at Augusta National from Thursday, 11th to Sunday, 14th April 2024.

Betting on the PGA Championship

You can find all the latest odds on the PGA Championship at William Hill, with a big range of markets available for one of golf's flagship events. The PGA Championship is one of golf's majors and is held every year at a different venue around the United States.

The PGA Championship used to be the final major on the calendar but has been moved to mid-May since 2019. It's the only one of golf's four majors that this is exclusively for professional players. You'll be able to bet on the winner of the next PGA Championship, as well as in-play odds and new markets for each day of the tournament.

America's Brooks Koepka was the winner of the 2023 PGA Championship, with the tournament held at Oak Hill in Rochester, New York. It was Koepka's third PGA Championship title in the last six years, finishing two strokes ahead of compatriot Scottie Scheffler and Norway's Viktor Hovland.

The 2024 PGA Championship will be held in May 2024, with Valhalla Golf Club in Louisville, Kentucky hosting the tournament for the fourth time in its history.

Betting on the U.S. Open

The U.S. Open is the third of golf's four major events, and one of the oldest having been established all the way back in 1895. The U.S. Open is held at a different venue every year, and in 2023 it had the biggest prize pot of any major.

You can bet on a range of golf markets on the U.S. Open, including the outright winner, who will lead after the first round, the margin of victory of the champion, and lots more.

The 2023 U.S. Open was won by Wyndham Clark, who finished one stroke ahead of Rory McIlroy to clinch his first major. Los Angeles Country Club was the venue, and it was the first time Clark had even finished in the top-70 of a major.

The 2024 US Open will be held at Pinehurst in North Carolina; the first time the course has hosted the tournament in a decade. It will begin on Thursday, 13th June 2024, wrapping up on 16th June. Will there be another first-time champion following Wyndham Clark's fantastic success?









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Latest News On Golf Sports.
by
Honyek
on 07/12/2023, 17:37:55 UTC
Latest leaderboards from the world of golf, including the PGA Tour, DP World Tour, LPGA Tour, Ladies European Tour, LIV Series and major championships - Tiger Woods returns to action live on Sky Sports this week as he competes at Hero World Challenge.

The Grant Thornton Invitational sees 16 of the best LPGA Tour players pair up with a PGA Tour player for a three-day team event, with a different format used each day at Tiburón Golf Club in Florida.

The DP World Tour remains in South Africa for the Alfred Dunhill Championship, where Dean Burmester chases a third victory in as many weeks, while LIV Golf has its LIV Golf Promotions event to see which three players will secure spots in the league in 2024.

Dean Burmester has already won the Joburg Open and the SA Open this season.

A new team event takes place on the PGA Tour Champions, with Europe, USA and an International Team - all containing ex-Ryder Cup and former major champions - involved in the World Champions Cup.


Brian Harman claimed victory at The Open, following on from Jon Rahm's success at The Masters, Brooks Koepka adding to his PGA Championship tally and Wyndham Clark claiming a maiden major win at the US Open.

Four of the five women's majors produced maiden major champions, with Lilia Vu coming out on top at the Chevron Championship, Ruoning Yin securing the KPMG Women's PGA Championship and Allisen Corpuz winning the US Women's Open.

Celine Boutier stormed to an impressive breakthrough success at the Evian Championship, before Vu registered a second major title after beating Englishwoman Hull to AIG Women's Open glory at Walton Heath.

Prediction. How productive will the coming Golf competitions be, compared to the previous ones?














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Latest News on Golf Hero World Challenge.
by
Honyek
on 04/12/2023, 12:57:40 UTC
Update from day four of the Hero World Challenge at the Albany Golf Club in the Bahamas Tiger Woods had a mixed final round on his return to professional golf at the Hero World Challenge, finishing even par for the tournament with a level-par 72 on Sunday, as Scottie Scheffler took home a three-shot victory.

Woods sunk five birdies in his final round but a double bogey, plus three more bogeys, put a dent in any attempt at moving up the leaderboard.

After starting the day on even par, Woods got off to a difficult start to his final round with a double bogey at the par-three second and dropped down to 18th.

Tiger Woods drains the birdie putt from 34 feet out on the par-three fifth at the Hero World Challenge.

However, he recovered well on his opening nine, a sensational 34-foot birdie at par-three fifth plus three more birdies taking him to one-under.

A bogey on the eighth set him back but he entered the back nine on even par, hitting four out of six fairways on the way.

Woods had struggled on the back nine throughout the week and again his highlights were rendered redundant as birdies on the 14th and 15th were matched by bogeys on the 11th and 16th to see him finish the day where he started it on even par.

Tiger Woods said it was great to be competing again and is looking to play one tournament a month in 2024.

Scheffler entered the final round as the clear favourite and never took a backwards step, four birdies and a bogey-free round helping him seal the win.

Finishing on 20 under, the world No 1's closest rival ended up being Sepp Straka who also carded a bogey-free round, eight birdies taking him to 17 under for the day.

Scottie Scheffler gives his thoughts after winning the Hero World Challenge in the Bahamas.

Justin Thomas found some form to finish third a shot behind, with Tony Finau and Matt Fitzpatrick finishing 15 under in fourth.

Jordan Speith rounded out the top five, two late bogeys denting his challenge.

Prediction. Who will win the  next coming up Golf Hero World Challenge?

































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Latest News About World Olympic Games.
by
Honyek
on 01/12/2023, 14:13:48 UTC
After one hundred years, Paris will once again host  the world Olympic games as the  next world Olympic games will be held in summer from 26th July to 11th August, 2024 in Paris, France.

Four new sports will be included in the Paris 2024 Olympic games which include breaking, sport climbing,  skateboarding, and surfing.

Paris 2024 will see a new vision of Olympism in action, delivered in a unique spirit of international celebration.

They will offer one of the world’s most inspirational cities as a memorable stage for the athletes – and a truly global platform to promote them.

They will partner with the entire Olympic family to demonstrate that, more than ever after an extremely challenging period, sport has a unique power to help create  a better world.

Their arrangement features 95 percent existing venues, and every single one has a clear, defined legacy aligned with the city’s long-term development plans.

The sporting celebration will flow along the Seine, from the new Olympic Village, just 15 minutes from Paris city centre, to such city centre landmarks as the Eiffel Tower and the Grand Palais.

Paris has welcomed people from all over the world – including the founding fathers of the Olympic Movement – for hundreds of years, to collaborate and inspire each other; to shape ideas and forge the future.

It will be another exciting moment in the world of Olympic games.

Prediction. Who will be the world fastest man and woman in the upcoming Olympic games, in summer, in Paris, France?













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Latest news on FIFA men's football world cup 2026 qualifiers, and prediction.
by
Honyek
on 28/11/2023, 14:19:23 UTC
Argentina defeated Brazil in their men's world  cup qualifying match held on Tuesday, the 21th November 2023 at Maracana stadium Brazil. This ended one of the longest unbeaten records in the history of world football as Brazil had never been defeated on such match on their home  land. This was made possible by a solidary goal from the head of Argentina striker Nicolas Otamendi. Brazil ended the game with ten men as one of their strikers, Joelinton was sent out on a red card for a push.

In Rio De Janeiro Brazil, the kick-off was delayed for approximately thirty minutes as a result of the clashes between the police and the fans in the stadium during the national anthems. The tensions were calmed after the Argentina captain and striker Lionel Messi led his team back to the changing rooms.

However, Argentina team remains on top of the standings of the south American qualifying group for the  FIFA men's world cup 2026.

Five times men's world cup champion Brazil is now the sixth in the group after a  third straight defeat.

The top six will qualify for the FIFA men's world cup 2026 finals that will be held in USA, Canada, and Mexico.

The country in the seventh position will go on to participate in the FIFA play-off tournament  along with five teams from other countries, in a bid for the two remaining places in the world cup finals.

What do you think about the FIFA  men's world cup qualifiers? Predict whether the five times world champion of the tournament, Brazil will qualify for the FIFA men's world cup 2026?
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Where to post sport news in this platform.
by
Honyek
on 27/11/2023, 13:12:52 UTC
l have been in this platform for sometime now and l have seen many posts including bitcoin, altcoin, beginner's help, marketplace and news about different sports, but when l wanted to post some sport news, l could not find where to do that. Can anyone tell me where l can post sport news to avoid post deleting?
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Latest news update on men's football world cup 2026 qualifiers.
by
Honyek
on 25/11/2023, 20:17:29 UTC
Argentina defeated Brazil in their men's world  cup qualifying match held on Tuesday, the 21th November 2023 at Maracana stadium Brazil. This ended one of the longest unbeaten runs in the history of world football as Brazil had never been defeated on such match on their home  land. This was made possible by a solidary goal from the head of Argentina striker Nicolas Otamendi. Brazil ended the game with ten men as one of their strikers, Joelinton was sent out on a red card for a push.

In Rio De Janeiro Brazil, the kick-off was delayed for approximately thirty minutes as a result of the clashes between the police and the fans in the stadium dung the national anthems. The tensions were calmed after the Argentina captain and striker Lionel Messi led his team back to the changing rooms.

However, Argentina team remains on top of the standings of the south American qualifying group for the  FIFA men's world cup 2026.

Five times men's world cup champion Brazil is now the sixth in the group after a  third straight defeat.

The top six will qualify for the FIFA men's world cup 2026 finals that will be held in USA, Canada, and Mexico.

The country in the seventh position will go on to participate in the FIFA play-off tournament  along with five teams from other countries, in a bid for the two remaining places in the world cup finals.
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Board Bitcoin Discussion
Re: An easy approach to Bitcoin
by
Honyek
on 17/11/2023, 18:34:41 UTC
l think that is a nice video and introduction of bitcoin, especially for the newbies. Although the knowledge of bitcoin is very vital to everyone, children of very low age may  not require to know everything pertaining to bitcoin.  we actually have to know what exactly that we are teaching them and their age to avoid corruption or malpractices at such tender age. .
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Board Bitcoin Discussion
Re: Bitcoin and misinformation
by
Honyek
on 16/11/2023, 16:28:14 UTC
Some people think that bitcoin is a scam as a result of their encounters with fraudulent activities using bitcoin, and sometimes, bitcoin platforms.  No matter how genuine bitcoin as a currency is, frequent encounter of scam with it or its platform changed those people's mind to consider it as a total scam without distinguishing bitcoin and scam.  For example,  for the fact that pound or dollar is a genuine currency, does not mean that scammers can not use them for scam, likewise bitcoin.
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Board Bitcoin Discussion
Re: People are too focused on history repeating itself
by
Honyek
on 05/11/2023, 20:52:10 UTC
History repeating itself is possible but not all the time. The idea of black swan reverting the price of bitcoin and possibly heading back to the expected bottom price is not possible at this time. Considering what is happening, bitcoin price will continue to go up, drop a little, and move up again, even till halving, and afterwards, until the end of the bull run.
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Re: Bitcoin, when to buy
by
Honyek
on 03/11/2023, 18:18:47 UTC
The right time to buy bitcoin is now if you have the money, or later if you don't. However, whenever you are ready and want to make a purchase, it is very important to know the current situation of bitcoin and its record, so that you can be able to make proper decision. Concerning investment, you will be able to know exactly which one to go for.
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Board Bitcoin Discussion
Re: Is It Late To Invest In Bitcoin?
by
Honyek
on 02/11/2023, 21:04:23 UTC
It is not too late to invest in bitcoin. Even in this year 2023, we are still in the early adopters stage, and anyone who has the money to invest can easily invest, being very careful and watchful of the bitcoin situation, in order not to loose your investment. However, if you don't have the money now, you can wait for a later date when you have and still follow up with the rewards and advantages, as the case may be.
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Re: Bitcoin about to close at the highest price in 78 weeks! Looking strong!💪
by
Honyek
on 30/10/2023, 15:56:53 UTC
Bitcoin might reach its all time high in 78 weeks, but it might be as well later than that. The most important thing is the sign of the bull run that has just came up, and that will be very helpful for bitcoin investors, especially, the long-term investors. This is the right time to make such investment, and expect to gain a reasonable profit in the end.
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Board Bitcoin Discussion
Re: Have we seen the lowest low of this bear market?
by
Honyek
on 29/10/2023, 12:33:33 UTC
l think that we have seen the lowest price of bitcoin for now, except unexpected happened. Bitcoin price will continue to go up after a little fluctuation. l think the price will get up to $40, 000 before the end of the year considering  the bitcoin situation. All in all, l think it is right time for anyone who wants to make reasonable profit during the bull run, to make an investment, especially, long-term investment.
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Re: Do not invest in Bitcoin with a borrowed money
by
Honyek
on 27/10/2023, 21:03:33 UTC
Bitcoin investment is not always good to borrow money for its investment, but one can choose to borrow sometimes depending on the situation of things at that particular time. Business is full of risk, likewise investment, and bitcoin investment is just like any other investments which are open to risk. So, if one can borrow money for other investments, there is nothing wrong with making such trial.  l think the most important thing is being very careful, knowing a lot about bitcoin and its record, and then know exactly the right time to make such investment.