3. THE WORLD OF CRYPTO 101 – EMOTIONAL CYCLE, BITCOIN HALVING… AND THE PLANETS!

Recorded on 18-01-2022

Notes on Apr 13, 2022

1:02:12

Emotions

Mindset


Bitcoin was created on 3 January 2009 - called block 0; the first bitcoin mining - 50 bitcoin per day

They get rewarded in bitcoin

Every 4 years - bitcoin halving 28 Nov 2012 - the reward per transaction they earn half - now every time the rewarded bitcoin as they generating new bitcoin - 25 bitcoin per day

9 July 2016 - bitcoin halving - 12.5 bitcoin per day


* as we progress, less and less new bitcoin and being created but more and more people want bitcoin - supply and demand

Demand: desire for good or service

Supply: how much is available of that good or service