比特币历史减半时间表,矿工的狂欢：减半初现

在这个瞬息万变的数字时代，有一种资产以其神秘莫测的魅力与惊心动魄的价格波动，成功吸引了全球投资者的目光——那就是比特币。作为加密货币领域的“龙头老大”，比特币不仅以其革命性的区块链技术颠覆了人们对传统金融的认知，更有一项独特机制在每四年一次的轮回中引发市场热议，那就是“减半”。今天，就让我们一起穿越时光隧道，探秘比特币历史上的减半时间表，感受那一次次震撼市场的“矿工盛宴”！

In this rapidly changing digital age, an asset has successfully attracted the attention of global investors with its mysterious charisma and dramatic price fluctuations – that is, Bitcoin. As the “lead” in the area of crypto-currency, Bitcoin not only subverted the perception of traditional finance with its revolutionary block-chain technology, but also a unique mechanism triggered a boom in the market every four years: “50 by half.” Today, let's go through the time tunnel, explore the time-drawn schedule of Bitcoin’s history, and feel the “miner feast” that shook the market.

1. 2012年11月28日：比特币历史上的第一次减半如约而至，犹如一场突如其来的“矿工狂欢”。彼时，比特币尚处稚嫩期，价格仅约$12，但减半的到来犹如一剂强心针，瞬间点燃了市场热情。矿工们摩拳擦掌，期待着减半后每区块奖励由最初的50枚比特币降至25枚，这一变化无疑增加了比特币的稀缺性，为后续价格飙升埋下伏笔。

On 28 November 2012: For the first time in the history of Bitcoin, it was the first time that it had been halved, as was a sudden “miner's party.” At the same time, Bitcoin was still young, at a price of only about $12, but half of it came as a powerful needle, which suddenly ignited market enthusiasm. Miners rubbed their hands and looked forward to the reduction of each block of the prize from the original 50 bitcoins to 25, a change that undoubtedly increased Bitcoin's scarcity and stunned subsequent prices.

2. 市场反应：减半后的比特币并未立即展现出火箭般的上涨势头，而是经历了一段时间的盘整。然而，耐心的投资者很快收获了回报，自减半日起约一年后，比特币价格飙升至$1,100，涨幅高达近百倍，让无数人惊呼：“牛市，你可算来了！”

Market response: Bitcoin, after halving, did not immediately show rocket-like upswing, but went through a period of consolidation. However, patient investors quickly reaped returns, and after about a year from halving, Bitcoin prices jumped to $1,100, nearly 100 times, and many people shouted, "Cows, you can count!"

3. 深远影响：首次减半的成功实践，不仅验证了比特币设计者中本聪对经济模型的精准预判，更在加密货币世界树立起“减半即牛市”的信仰，为比特币后续的繁荣奠定了坚实基础。

Far-reaching implications: The first successful practice of halving by half has not only proven the precision of the economic model among bitcoin designers, but has also built up a belief in the world of crypto-currency “50 by half, or the city of cattle”, laying a solid foundation for the subsequent prosperity of bitcoin.

1. 2016年7月9日：时隔四年，比特币迎来了第二次减半。此时的比特币已非吴下阿蒙，价格稳定在$650左右，市场关注度与参与度大幅提升。随着减半钟声敲响，每区块奖励再次减半至12.5枚比特币，矿工们的挖矿成本显著提高，市场对供应减少的预期空前高涨。

1. On 9 July 2016: four years later, Bitcoin will be halved for the second time. At this time, Bitcoin has been stable at around $650 and market interest and participation has increased significantly. As the bells have been reduced by half, the incentive per block will be reduced again by half to 12.5 bitcoins, the mining costs for miners will increase significantly, and the market is expected to reduce supply at an unprecedented rate.

2. 市场反应：这次减半后的行情走势更为曲折，比特币经历了短期回调后，在2017年初启动史诗级牛市，一路狂飙至近$20,000的历史高位，演绎了一场“一币一别墅”的造富神话。尽管随后遭遇深度调整，但人们已深信：减半，就是牛市的华丽前奏！

Market response: After this halved movement, Bitcoin, after a short-term turn-back, launched an epic cattle market in early 2017, rushing all the way to a historic height of nearly $20,000, and playing the myth of “one-dollar-one-house” wealth. Despite subsequent deep adjustments, people are convinced that halving is the golden prelude to the cow market.

3. 行业变革：第二次减半期间，以太坊等竞争币崛起，DeFi、NFT等创新应用崭露头角，标志着区块链行业从单一的比特币生态向多元化发展迈出了关键一步。减半效应的显现，进一步推动了公众对比特币乃至整个加密货币行业的认知与接受度提升。

3. Industry change: During the second halved period, the rise of competitive currencies such as Taiwan and the emergence of innovative applications such as DeFi, NFT, etc., marked a crucial step in the development of the sector from a single bitcoin ecosystem to diversification. The impact of halving has further boosted public awareness and acceptance of the bitcoin and, indeed, of the crypto-currency sector as a whole.

1. 2020年5月11日：在万众瞩目中，比特币完成了第三次减半，每区块奖励调整为6.25枚。此时，比特币已稳坐加密货币市值榜首，价格徘徊在$8,000附近。尽管全球正遭受COVID-19疫情冲击，但市场对减半的期待之情并未消退，反而视其为“乱世中的避风港”。

11 May 2020: In the public eye, Bitcoin completed its third reduction by half, with an incentive adjustment of 6.25 units per block. At this point, Bitcoin is at the top of the list of encoded currencies, with prices hovering around $8,000. While the world is suffering from the COVID-19 epidemic, market expectations of halving have not subsided, but rather viewed it as a “safe haven in a troubled world”.

2. 市场反应：与前两次减半相似，第三次减半后并未立即触发大幅上涨，比特币价格在接下来数月中维持震荡。然而，进入2021年后，比特币再度爆发，一度突破$60,000大关，尽管之后有所回落，但“减半效应”似乎仍在持续发酵。投资者不禁感慨：“历史总是惊人地相似，减半牛市，诚不我欺！”

Market response: Similar to the first two halvings, the third reduction did not trigger a sharp rise, and bitcoin prices sustained a shock in the following months. However, after 2021, Bitcoin once again broke out at $60,000, and, despite subsequent setbacks, the “half-percent effect” seems to continue to ferment.

3. 未来展望：随着第四次减半（预计于2024年发生）的临近，市场对于比特币乃至整个加密货币行业的未来发展充满期待。减半不仅将继续强化比特币的稀缺属性，也可能催生新一轮的技术创新与应用拓展。面对未知的市场变局，投资者心中或许只有一个信念：“减半将至，牛市可期！”

Outlook for the future: As the fourth reduction in half (expected in 2024) approaches, the market is looking forward to the future development of the bitcoin and, indeed, of the crypto-currency sector as a whole. Halving will not only continue to strengthen the scarce properties of bitcoin, but may also lead to a new round of technological innovation and application expansion. In the face of unknown market changes, investors may have only one conviction in their minds: “The half will come, and the cattle will be ready!”

比特币历史上的三次减半，如同一部跌宕起伏的交响曲，每一次都以其独特的方式震撼市场，激发投资者的热情与想象。尽管减半并非决定比特币价格的唯一因素，但其对市场情绪的影响不容忽视。未来，让我们共同见证比特币减半时间表上续写的辉煌篇章，期待这场“矿工盛宴”带给我们的更多惊喜与可能！

While halving is not the only factor that determines Bitcoin’s price, its impact on market sentiment cannot be ignored. In the future, let us all witness the glorious chapter that has been written on the Bitco’s half-time schedule, and look forward to more surprises and possibilities that this “miners feast” brings us.