比特币减半：投资者和买家需要了解什么

比特币减半是加密世界中最重要的事件之一。它对比特币的价值及其内部运作产生深远的影响

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.

比特币减半是加密货币世界的一个关键事件。它深刻影响着比特币的价值、其内部运作以及整个市场。然而，该活动也是经过精心策划的，旨在成为比特币运作方式的一部分。

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，我们将介绍比特币减半及其重要性，以及投资者和买家需要了解哪些信息才能做好准备。今年我们刚刚经历了比特币减半，所以有足够的时间来分析。

What is Bitcoin Halving?

什么是比特币减半？

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.

比特币减半是大约每四年或在开采 210,000 个区块后发生的事件，以先发生者为准。它将比特币的总供应量限制在 2100 万枚，从而防止通货膨胀。该过程内置于比特币协议中，并在满足标准时自行发生。

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.

随着越来越多的用户研究加密投资，该活动成为媒体关注的焦点，因此被广泛使用。这引发了人们对它将如何影响价格以及减半时最佳交易策略是什么的猜测。

When is the Next Bitcoin Halving?

下一次比特币减半是什么时候？

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.

下一次比特币减半计划于 2028 年进行，上一次减半发生在 2024 年 4 月。对于想知道如何投资比特币的新手来说，明智的做法是考虑提前进入市场，以便从减半后的价格上涨中受益。在此之前的减半发生在 2012 年、2016 年和 2020 年。在所有这些情况下，预定的四年期满后，网络生产了 210,000 个区块。

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.

下一次减半是否会在 2028 年发生还有待观察，因为人们对加密货币的兴趣更大，比特币用户也更多，而且在时间用完之前有可能创建 210,000 个区块。

What Happened After the Last Halving?

上次减半后发生了什么？

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.

减半是经常发生的事情，也是防止通货膨胀过程的一部分，因此其影响也是可以预见的。减半通过引起稀缺来防止通货膨胀，这意味着它也会影响价格。通常会导致价格上涨，而且距离上次减半还不到六个月，这种情况还会再次发生。

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.

对价格的影响通常在减半后 6 到 12 个月（即 2024 年 10 月即将到来）显而易见。但值得注意的是，减半并不是影响比特币价值和价格的唯一外部力量。

Market Sentiment

市场情绪

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.

减半还会带来意想不到的后果，即增加人们对比特币的兴趣，从而改变市场情绪。减半前后，媒体开始猜测其重要性和影响，并试图解释其技术和财务方面。

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.

兴趣的增加通常会导致更多投资者购买比特币，从而进一步推高价格。这就是之前所有减半发生的情况，但现在预测 2028 年会发生什么还为时过早，因为公众对加密货币的情绪在过去几年中发生了巨大变化。它现在显然已成为主流金融的一部分。

Increased Transaction Fees

交易费用增加

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.

比特币减半还会立即导致交易费用增加。这发生在2024年，也可能发生在2028年。随着比特币减半减少区块奖励，矿工收到的用于验证交易的新比特币也减少了。矿工提高交易费用以维持盈利能力。

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.

在拥堵期间，费用也可能会增加。由于减半本身会带来流量和对加密货币的兴趣，因此这两种效应通常会得到遵守并成倍增加。交易费用的增加对于小额转账的用户来说尤其具有挑战性，因为这会更多地占用他们的资产。

Bitcoin-related Stocks

比特币相关股票

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.

比特币减半将影响一些采矿业股票和公司的价值。上次就是这样，这次经历可以帮助投资者预测下一次减半的影响。在大多数情况下，股票在短短几天内就暴跌。

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.

一些分析师认为，比特币价格的上涨或许能够抵消比特币奖励减少的影响。与此同时，矿商可能需要在下一个减半周期之前寻找长期弥补缺口的方法。

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

与比特币相关的 ETF 将像比特币一样增值，因为这就是它们的目的。

To Sum Up

总结

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.

总之，比特币减半是影响比特币供应、价格和市场动态的重大事件。下一次减半预计在 2028 年左右，虽然过去的事件表明比特币的价值会上涨，但这并不能保证。

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

市场情绪和交易费用增加等因素也发挥了作用。投资者应密切关注不断变化的市场，尤其是当人们对