比特币减半对其他加密货币的影响：现金、莱特币、SV

除了比特币之外，其他加密货币也会每四年减半一次，这可能会对其价格产生重大影响。 2024 年 4 月，比特币现金 (BCH) 减半导致价格飙升 164%，而莱特币 (LTC) 减半则产生了好坏参半的影响。 2023 年 4 月，比特币 SV (BSV) 减半的影响较为温和，价格上涨了 46%。

Bitcoin Halvings: A Spotlight on the Other Digital Assets

比特币减半：其他数字资产的焦点

Bitcoin's halvings, where the number of new coins created with each block is cut in half every four years, have become widely known events in the cryptocurrency world. However, Bitcoin is not the only digital asset that undergoes this halving process. Here, we delve into the halvings of three other cryptocurrencies — Bitcoin Cash, Litecoin, and Bitcoin SV — and examine the impact these events have had on their prices.

比特币减半，即每个区块创建的新币数量每四年减少一半，已成为加密货币世界中众所周知的事件。然而，比特币并不是唯一经历减半过程的数字资产。在这里，我们深入研究了其他三种加密货币——比特币现金、莱特币和比特币 SV——的减半，并研究了这些事件对其价格的影响。

Bitcoin Cash: The Contentious Offspring

比特币现金：有争议的后代

Bitcoin Cash (BCH) emerged as a result of a contentious hard fork in 2017. The key difference between BCH and its parent blockchain, Bitcoin (BTC), lies in the maximum block size. BCH increased the block size from 1MB to 8MB, with the intention of increasing transaction capacity and reducing fees.

比特币现金 (BCH) 是 2017 年有争议的硬分叉的结果。BCH 与其母区块链比特币 (BTC) 之间的主要区别在于最大区块大小。 BCH将区块大小从1MB增加到8MB，目的是增加交易容量并降低费用。

Since its inception, BCH has undergone three halvings, with the most recent occurring in April 2024. While the halvings have reduced the block reward from 12.5 BCH to 3.125 BCH, their impact on BCH's price has been varied.

自诞生以来，BCH 经历了三次减半，最近一次发生在 2024 年 4 月。虽然减半将区块奖励从 12.5 BCH 减少到 3.125 BCH，但对 BCH 价格的影响却各不相同。

The first halving in April 2020 resulted in a 164% price increase over the following 12 months. However, the second halving in April 2022 yielded a modest 2.5% price change. Analysts speculate that this may be due to the fact that BCH is still trying to establish its own identity and value proposition in the cryptocurrency market.

2020 年 4 月的第一次减半导致接下来 12 个月内价格上涨 164%。然而，2022 年 4 月的第二次减半导致价格小幅变化 2.5%。分析师推测，这可能是由于BCH仍在尝试在加密货币市场建立自己的身份和价值主张。

Litecoin: The Cheaper, Faster Sibling

莱特币：更便宜、更快的兄弟

Litecoin (LTC) emerged in 2011 as an "altcoin" designed to resolve some of Bitcoin's shortcomings. Key improvements aimed to reduce transaction times and costs. Litecoin adopted a four-times faster block creation time than Bitcoin (every 2.5 minutes versus 10 minutes) and increased the maximum supply to 84 million coins.

莱特币 (LTC) 于 2011 年作为一种“山寨币”出现，旨在解决比特币的一些缺点。主要改进旨在减少交易时间和成本。莱特币的区块创建时间比比特币快四倍（每 2.5 分钟一次，而每 10 分钟一次），并将最大供应量增加到 8400 万枚。

LTC's halvings occur every 840,000 blocks, twice as often as Bitcoin's. The first halving in August 2015 resulted in a 30% price increase over the following 12 months. However, subsequent halvings in August 2019 and August 2023 yielded less favorable results, with a 39% and 7.5% price decrease, respectively.

LTC 每 840,000 个区块减半一次，是比特币减半的两倍。 2015 年 8 月第一次减半导致接下来 12 个月价格上涨 30%。然而，随后的 2019 年 8 月和 2023 年 8 月减半却产生了不太理想的结果，价格分别下跌了 39% 和 7.5%。

LTC's halvings have demonstrated a less consistent impact on its price than Bitcoin's. Factors such as its smaller market capitalization and increased competition in the altcoin space may have contributed to this variability.

LTC 减半对其价格的影响不如比特币那么一致。其较小的市值和山寨币领域的竞争加剧等因素可能导致了这种变化。

Bitcoin SV: The Controversial Fork of Bitcoin Cash

Bitcoin SV：有争议的比特币现金分叉

Bitcoin SV (BSV) emerged from another hard fork in 2018, this time from Bitcoin Cash. Proponents of BSV claim it represents the original vision of Bitcoin's creator, Satoshi Nakamoto. The key feature of BSV is its even larger block size, up to 4GB.

比特币 SV (BSV) 在 2018 年的另一次硬分叉中诞生，这次是比特币现金。 BSV 的支持者声称它代表了比特币创造者中本聪的最初愿景。 BSV 的主要特点是其更大的块大小，高达 4GB。

BSV has undergone only two halvings, with the most recent occurring in April 2024. The first halving in April 2020 resulted in a 46% price increase over the following 12 months. However, the cryptocurrency has faced controversy, including allegations of 51% attacks and delisting from major exchanges.

BSV 仅经历过两次减半，最近一次减半发生在 2024 年 4 月。2020 年 4 月的第一次减半导致接下来 12 个月内价格上涨 46%。然而，该加密货币面临着争议，包括 51% 攻击和从主要交易所下架的指控。

The long-term impact of BSV's halvings remains to be seen, given the sparse historical data and the challenges the cryptocurrency has faced.

鉴于历史数据稀疏以及加密货币面临的挑战，BSV 减半的长期影响仍有待观察。

Halvings: A Mixed Bag of Effects

减半：混合效应

The halvings of Bitcoin Cash, Litecoin, and Bitcoin SV have demonstrated diverse effects on their prices. While some halvings have led to substantial price increases, others have had minimal or even negative impacts. Factors such as market demand, competition, and technological developments have played a role in these variations.

比特币现金、莱特币和比特币 SV 的减半对其价格产生了不同的影响。虽然一些减半导致价格大幅上涨，但另一些减半的影响微乎其微，甚至产生负面影响。市场需求、竞争和技术发展等因素在这些变化中发挥了作用。

Unlike Bitcoin, which enjoys widespread recognition and adoption, these other digital assets face the challenge of establishing their own unique value propositions and building a loyal user base. As the cryptocurrency market evolves, it remains to be seen whether these halving events will continue to have a significant impact on their prices or whether other factors will overshadow their influence.

与得到广泛认可和采用的比特币不同，这些其他数字资产面临着建立自己独特的价值主张和建立忠实用户群的挑战。随着加密货币市场的发展，这些减半事件是否会继续对其价格产生重大影响，或者其他因素是否会掩盖其影响力，还有待观察。