Kuzokwenzekani uma i-Bitcoin ihlukana? Qonda indlela yokwehla kwe-Bitcoin kanye nomthelela wayo

I-Bitcoin ingenise umcimbi wesine "wokwehliswa" emlandweni.

数据表明，截至北京时间2024年4月20日8:09，比特币在区块高度840000处胜利完成了这一重大时刻，挖矿奖励从6.25BTC减半至3.125BTC，而上一次减半则发生在2020年5月11日。

Iyini indlela yokwehliswa kwe-Bitcoin?

Ukwehliswa kwe-Bitcoin kuyingxenye ebalulekile yomjikelezo endaweni ye-cryptocurrency, futhi isikhathi esiqondile sincike esivinini sokukhiqizwa kwebhulokhi kunethiwekhi ye-Bitcoin.

Lesi senzakalo senzeka cishe kanye njalo eminyakeni emi-4.Noma ngemva kokumbiwa kwamabhulokhi angu-21 ku-Blockchain ye-Bitcoin, abavukuzi be-Bitcoin abathola umvuzo kubhulokhi ngayinye entsha izokwehliswa ngohhafu.

Inhloso yokwehliswa kwesigamu ukunciphisa izinga okwakhiwa ngalo ama-Bitcoins amasha, ngaleyo ndlela kugcinwe ukushoda kanye nenani lawo.

• Ngenxa yokuthi i-cryptocurrency ishintshashintsha kakhulu futhi izingozi zokutshala izimali ezihambisana nazo zinkulu, uma ufuna ukuthatha i-dividend yohhafu wemivuzo yezimayini ze-Bitcoin, kunconywa kakhulu ukuthi utshalomali aludluli u-10% wediphozithi, ngaphandle kwalokho ngeke utshale imali.

Izehlakalo ezingokomlando zokuhlukanisa phakathi:

• 2009: Imiklomelo yezimayini ye-Bitcoin iqala ku-50 BTC ibhulokhi ngayinye.
• 2012: Ingxenye yokuqala, umvuzo wehla waya ku-25 BTC.
• I-2016: I-halfing yesibili, umvuzo wehla ku-12.5 BTC.
• 2020: Ingxenye yesithathu, umvuzo wehlela ku-6.25 BTC.
• 2024: Ingxenye yesine, umvuzo uzokwehla ube ngu-3.125 BTC.

Ngabe ukwehla kweBitcoin kuzoba namuphi umthelela?

Kuzokwenzekani ngemuva kokuncipha kwe-Bitcoin:

1. Kubasebenzi basezimayini, ukwehliswa ngohhafu kusho ukuthi imivuzo yabo yebhulokhi iyancishiswa, okungase kuthinte inzuzo yabo kanye nezinzuzo zezimayini.
2. Emakethe, izehlakalo zokwehliswa ngohhafu zivame ukuhlotshaniswa nokwenyuka kwamanani e-Bitcoin, njengoba ukunikezwa okuncishisiwe kungase kuholele ekwenyukeni okuhlobene kwesidingo, kuphushe inani lentengo.
3. Kubatshalizimali, ukwehliswa kwesigamu kuwumcimbi ophawulekayo njengoba kungase kuthinte amasu abo okutshala izimali kanye nembuyiselo.

Intengo ye-Bitcoin ikhuphuka kancane ngemuva 'kwehhafu'

Lokhu okubizwa “ngehhafu” kusho ukuthi imivuzo etholwa abavukuzi ihhafu. Njalo lapho i-Bitcoin blockchain ikhiqiza amabhulokhi angu-21, umvuzo we-Bitcoin block uhhafu. Kuhlanganisa nalesi sikhathi, i-Bitcoin ihlangabezane "nezingxenye" ​​ezine kusukela yazalwa ngo-2009.

Ngemuva kokuvela kwezindaba, intengo yeBitcoin yehle kancane futhi njengamanje iguquguquka cishe ngama- $ 63550 uhlamvu lwemali ngalunye.

Umphumela walokhu kuncipha ukuthi inani labavukuzi beBitcoins elitholwa ngokuqinisekisa ukuthengiselana ngosuku liyancipha lisuka ku-900 liya ku-450, futhi imivuzo etholwa abavukuzi nayo iyancipha isuka ku-6.25 Bitcoins iye ku-3.125 Bitcoins.

"Ukunciphisa" = isandulela semakethe entsha yezinkunzi?

Abasekeli be-Bitcoin ngaphambili babelindele ukuthi "ukwehliswa kwesigamu" kuzoba yimbangela yemakethe entsha yezinkunzi ngoba ngenkathi isidingo se-Bitcoin spot ETFs sanda, "ukwehliswa kwesigamu" kunciphise ngokwengeziwe ukunikezwa kwe-Bitcoin.

历史上，比特币减半事件前后的价格波动引起了广泛关注。在2012年、2016年和2020年的减半事件前30天，比特币价格分别上涨了5%、13%和27%。此外，减半事件还推动了比特币地址数量的增长，尤其是在减半后的150天内，新创建的比特币地址数量分别增长了83%、101%和11%。

Nakuba amanani entengo e-Bitcoin akhuphukele phezulu kakhulu ngemva kokwehliswa kwehhafu kwemicimbi edlule, izingqapheli zemakethe, kuhlanganise nabahlaziyi be-JPMorgan Chase kanye ne-Deutsche Bank, babebikezele ngaphambili ukuthi umthelela walokhu "kwehliswa kwesigamu" wawuyoba kakhulu Ugaywe yimakethe kusengaphambili. .

Umhlaziyi we-JPMorgan u-Nicholas Panigirzoglu uthe ngoLwesine ulindele ukuthi i-Bitcoin ibe ngaphansi kwengcindezi ethile esikhathini esifushane njengoba imakethe ithengiwe ngokweqile futhi amanani ahlala ephakeme uma eqhathaniswa negolide. Ubuye waveza ukuthi ukuxhaswa ngezimali kwephrojekthi ye-crypto kunobuvila.

Abahlaziyi beDeutsche Bank babe nombono ofanayo. UMarion Labour, umhlaziyi ebhange, uthe embikweni ngoLwesine: "Imakethe isivele igaye umthelela 'wokwehliswa kwesigamu' kwe-Bitcoin ngezinga elithile. Uma kucatshangelwa izici ze-algorithm ye-Bitcoin, lokhu kuncipha kuyizinga elikhulu It ilindelwe yimakethe Asilindele ukuthi intengo yeBitcoin inyuke kakhulu ngemva kokwehla ngohhafu.

UGuo Qicong, oyi-CEO ye-AsiaNext yezimpahla zedijithali ezisekelwe eSingapore, uthe: “Njengoba bekulindelekile, 'ukwehliswa kwesigamu' kubonakale ngokugcwele enanini, ngakho izinguquko zentengo zinomkhawulo Manje, imboni izolinda futhi ibone ukuthi ikusasa liyini ibambe phakathi kwentshisekelo eqhubekayo yesikhungo Ngabe kuzoba nokuphindaphinda emasontweni ambalwa?"

Ngomshini, "ukwehliswa kwesigamu" ngokwayo akufanele kuthinte amanani e-Bitcoin esikhathini esifushane, kodwa abatshalizimali abaningi balindele ukukhuphuka okubukhali ezinyangeni ezizayo ngokusekelwe ekusebenzeni kwe-Bitcoin ngemva kokunciphisa okuningana kwangaphambilini. Ngemuva kokuncipha ngo-2012, 2016 kanye no-2020, inani le-Bitcoin lenyuke cishe izikhathi ezingama-93, izikhathi ezingama-30 nezingu-8 ngokulandelana ukusuka enanini ngosuku lokwehliswa kwesigamu kuya esiqongweni somjikelezo.

Kuyaphawuleka ukuthi isikhathi ngasinye i-Bitcoin idlula “uhhafu,” umthelela (okungukuthi, umphumela wokuhlanjululwa) wenani lama-Bitcoins asanda kumbiwa kuwo wonke ukunikezwa kwe-Bitcoin kuncipha. Isibonelo, ngemuva "kokuhlukaniswa" kokuqala, inani lama-Bitcoins asanda kumbiwa lalilingana nama-50% awo wonke ama-Bitcoins asakazwa ngesikhathi sokwehliswa, okube nomthelela omkhulu ekuhlinzekeni okuphelele. Kodwa-ke, ngemuva "kokwehliswa" kwesine, inani lama-Bitcoins asanda kumbiwa lizobala kuphela u-3.3% wesamba esiphelele samanje, futhi umthelela wokunikezwa okuphelele kuzoncipha kakhulu.

Imali engenayo yehla kakhulu? Isisulu esikhulu "sokwehliswa" sivela?

Uma kuqhathaniswa neBitcoin ngokwayo, lokhu "kwehliswa" kunomthelela obaluleke kakhulu kubavukuzi.

Ngobusuku bangaphambi kokwehliswa kwesigamu, amanani entengo yesitoko sezimayini zeBitcoin aguquguquka kakhulu. Isibonelo, iRiot Platforms ivalwe cishe ngama-41% ngoLwesihlanu olwedlule, kodwa yenyuka ngo-2023% ngo-356. Iningi lamanani amasheya e-Bitcoin abavukuzi lehle ngamadijithi aphindwe kabili kuze kube manje kulo nyaka, ngokuphambene kakhulu nenzuzo yama-2023% kuya ku-300% ngo-600.

Umhlaziyi we-JPMorgan uReginald Smith muva nje uphawule ephuzwini labatshalizimali:

"Ngezinye izimo ezisele zingashintshile, 'ukwehliswa' kuzonciphisa kakhulu imali etholwa yimboni futhi kuqalise umzuliswano omusha

Ukuhlanganiswa kwemboni nokuvalwa kwezinkampani zezimayini. Kodwa ngesikhathi esifanayo, 'ukwehliswa ngohhafu' kulindeleke ukuthi kulinganise amandla ekhompiyutha yenethiwekhi kanye nezindleko zemali yemboni, okuzogcina kuzuzise izinkampani ezisele zezimayini. "

Umhlaziyi kaBernstein uGautam Chogani uthe:

“Uma ingekho i-Bitcoin ETFs, imakethe kuze kube manje ibheke amasheya ezimayini njengezinye izindlela esikhundleni se-Bitcoin Ukwehlukaniswa kwesigamu kuzophinde kuhlukanise abavukuzi: abawinile abangabizi kakhulu, abangaba, abadidiyelwe bazovela ebuningini babavukuzi abancane nabaphakathi. ingase ibe sesimweni esibucayi ngemva kokuhlukaniswa.”

Imali engenayo yabavukuzi be-Bitcoin ngokuyinhloko ivela ezicini ezimbili: imivuzo yezimayini kanye nezimali zokuthengiselana. Nakuba "ukwehliswa kwesigamu" kuthinta ngokuqondile imiklomelo yezimayini, izindleko zokusebenza zabavukuzi, njengezikweletu zikagesi, izimali zemishini, njll., ngeke zehliswe "ngokwehliswa".

Lokhu kusho ukuthi uma amanani entengo ye-Bitcoin kanye nezimali zokuthengiselana zingakhuphuki kakhulu ukuze kuncishiswe umthelela womvuzo "wokwehliswa kwesigamu", abavukuzi abaningi bangase babhekane nobunzima benzuzo.