比特幣減半：投資者和買家需要了解什麼

比特幣減半是加密世界中最重要的事件之一。它對比特幣的價值及其內部運作產生深遠的影響

Bitcoin halving is a critical event in the cryptocurrency world. It profoundly affects the value of Bitcoin, its internal workings, and the overall market. However, the event is also meticulously planned to be a part of how Bitcoin operates.

比特幣減半是加密貨幣世界的關鍵事件。它深刻影響比特幣的價值、其內部運作以及整個市場。然而，該活動也是經過精心策劃的，旨在成為比特幣運作方式的一部分。

In this article, we’ll cover Bitcoin halving and its importance, as well as what investors and buyers need to know about it in order to prepare. We just had a Bitcoin halving this year, so there’s plenty of time to analyze.

在本文中，我們將介紹比特幣減半及其重要性，以及投資者和買家需要了解哪些資訊才能做好準備。今年我們剛剛經歷了比特幣減半，所以有足夠的時間來分析。

What is Bitcoin Halving?

什麼是比特幣減半？

Bitcoin halving is an event that occurs approximately every four years or after 210,000 blocks are mined, whichever happens first. It limits the total supply of Bitcoin to 21 million coins and, therefore, prevents inflation. The process is built into the Bitcoin protocol and happens on its own when the criteria are met.

比特幣減半是大約每四年或在開採 210,000 個區塊後發生的事件，以先發生者為準。它將比特幣的總供應量限制在 2,100 萬枚，從而防止通貨膨脹。該過程內建於比特幣協議中，並在滿足標準時自行發生。

The event became a focus of media attention as more users studied crypto investments, hence it became widely used. This led to speculation about how it would affect the price and what the best trading strategies would be at the time of the halving.

隨著越來越多的用戶研究加密投資，該活動成為媒體的焦點，因此被廣泛使用。這引發了人們對它將如何影響價格以及減半時最佳交易策略是什麼的猜測。

When is the Next Bitcoin Halving?

下一次比特幣減半是什麼時候？

The next Bitcoin halving is scheduled for 2028, and the last one took place in April of 2024. For newbies wondering how to invest in Bitcoin, it’s wise to consider entering the market ahead of time to potentially benefit from post-halving price increases. The halving before that took place in 2012, 2016, and 2020. In all of those cases, the scheduled four years expired before the network produced 210,000 blocks.

下一次比特幣減半計畫於2028 年進行，上一次減半發生在2024 年4 月。價格上漲中受益。在此之前的減半發生在 2012 年、2016 年和 2020 年。

It remains to be seen if the next halving will take place in 2028, as it should have, since there is much more interest in crypto and more Bitcoin users, and there’s a chance 210,000 blocks are created before the time runs out.

下一次減半是否會在 2028 年發生還有待觀察，因為人們對加密貨幣的興趣更大，比特幣用戶也更多，而且在時間用完之前有可能創建 210,000 個區塊。

What Happened After the Last Halving?

上次減半後發生了什麼事？

Halving is a regular occurrence and a part of the process made to prevent inflation, so its effects are predictable as well. Halving prevents inflation by causing scarcity, which means that it will affect the price as well. It usually increases the price, and it will happen again since it hasn’t yet been six months since the last halving.

減半是經常發生的事情，也是防止通貨膨脹過程的一部分，因此其影響也是可以預見的。減半透過引起稀缺來防止通貨膨脹，這意味著它也會影響價格。通常會導致價格上漲，而且距離上次減半不到六個月，這種情況還會再次發生。

The effect on prices is usually noticeable 6 to 12 months after the halving, which is approaching in October of 2024. It’s important to note, however, that the halving isn’t the only external force that affects the value and price of Bitcoin.

對價格的影響通常在減半後 6 到 12 個月（即 2024 年 10 月即將到來）顯而易見。

Market Sentiment

市場情緒

Halving also has the unintended consequence of increasing the interest in Bitcoin and, therefore, changing the market sentiment. Around the halving, the media started speculating on its importance and effects and tried to explain its technical and financial side.

減半也會帶來意想不到的後果，即增加人們對比特幣的興趣，進而改變市場情緒。減半前後，媒體開始猜測其重要性和影響，並試圖解釋其技術和財務方面。

The heightened interest usually leads more investors to buy Bitcoin, which further boosts the price. This is what has happened with all the previous halving, but it’s too early to predict what will happen in 2028, as the public sentiment towards crypto has changed drastically in the last couple of years. It’s now clearly a part of mainstream finance.

興趣的增加通常會導致更多投資者購買比特幣，進一步推高價格。這就是之前所有減半發生的情況，但現在預測 2028 年會發生什麼還為時過早，因為公眾對加密貨幣的情緒在過去幾年中發生了巨大變化。它現在顯然已成為主流金融的一部分。

Increased Transaction Fees

交易費用增加

Bitcoin halving also leads to increased transaction fees as an immediate effect. This happened in 2024, and it will probably happen in 2028 as well. As Bitcoin halvings reduce block rewards, miners receive fewer new Bitcoins for validating transactions. Miners increase transaction fees to maintain profitability.

比特幣減半也會立即導致交易費用增加。這發生在2024年，也可能發生在2028年。隨著比特幣減半減少區塊獎勵，礦工收到的用於驗證交易的新比特幣也減少了。礦工提高交易費用以維持獲利能力。

The fees can be increased during times of congestion as well. Since halving itself drives traffic and interest in crypto, the two effects are often complied with and multiplied. An increase in transaction fees is especially challenging for users who transfer small amounts since it bites into their assets more.

在擁堵期間，費用也可能會增加。由於減半本身會帶來流量和對加密貨幣的興趣，因此這兩種效應通常會被遵守並倍增。交易費用的增加對於小額轉帳的用戶來說尤其具有挑戰性，因為這會更多地佔用他們的資產。

Bitcoin-related Stocks

比特幣相關股票

Bitcoin halving will affect the value of several stocks and companies working in mining. That’s what happened last time, and that experience can help investors predict the effects of the next halving. In most cases, the stocks have plummeted in just a couple of days.

比特幣減半將影響一些礦業股票和公司的價值。上次就是這樣，這次經驗可以幫助投資人預測下一次減半的影響。在大多數情況下，股票在短短幾天內就會暴跌。

Some analysts think that the increase in the price of Bitcoin may be able to offset the impact of fewer Bitcoin rewards. At the same time, miners may need to look for ways to make up for the gap over the long term ahead of the next halving cycle.

一些分析師認為，比特幣價格的上漲或許能夠抵銷比特幣獎勵減少的影響。同時，礦商可能需要在下一個減半週期之前尋找長期彌補缺口的方法。

The ETFs tied to Bitcoin will grow in value as Bitcoin does since that’s their purpose.

與比特幣相關的 ETF 將像比特幣一樣增值，因為這就是它們的目的。

To Sum Up

總結

In conclusion, Bitcoin halving is a significant event that impacts Bitcoin’s supply, price, and market dynamics. The next halving is expected around 2028, and while past events suggest a rise in Bitcoin’s value, it’s not guaranteed.

總之，比特幣減半是影響比特幣供應、價格和市場動態的重大事件。下一次減半預計在 2028 年左右，雖然過去的事件顯示比特幣的價值會上漲，但這並不能保證。

Factors like market sentiment and increased transaction fees also play a role. Investors should keep an eye on the evolving market, especially as the interest in

市場情緒和交易費用增加等因素也發揮了作用。投資者應密切關注不斷變化的市場，尤其是當人們對