Well as expected by many people the Bitcoin event did nothing to the price other than now the earning for miner slashed in half, so let see how long can miner hold on to their mining rig. However the famous cnn news wrote article here https://www.cnn.com/2020/05/12/investing/bitcoin-halving-price/index.html indicated “Bitcoin ‘halving’ could boost its price as more investors flock to cryptocurrencies”
According to fool.com
Arcturus Therapeutics (NASDAQ:ARCT) $249.1 million
BioNTech (NASDAQ:BNTX) $12.2 billion
CSL Behring (OTC:CSLLY) $89.8 billion
Dynavax (NASDAQ:DVAX) $293.9 million
GlaxoSmithKline (NYSE:GSK) $93.7 billion
Inovio Pharmaceuticals (NASDAQ:INO) $1.2 billion
Johnson & Johnson (NYSE:JNJ) $357.9 billion
Moderna (NASDAQ:MRNA) $11.4 billion
Novavax (NASDAQ:NVAX) $821.8 million
Pfizer (NYSE:PFE) $190.2 billion
Sanofi (NASDAQ:SNY) $112.9 billion
TranslateBio (NASDAQ:TBIO) $614.1 million
According to cnn.com “The 31 analysts offering 12-month price forecasts for Tesla Inc have a median target of 615.00, with a high estimate of 1,100.00 and a low estimate of 240.00. The median estimate represents a -24.91% decrease from the last price of 819.02.”
I guess he doesn’t have plan B for pandemic? an article talkabout Warent Buffet “Has Warren Buffett lost his magic touch?” afr.com “But after this weekend’s 55th Berkshire Hathaway annual general meeting — the first that investors could not attend — more shareholders are asking whether the 89-year-old Oracle of Omaha has finally peaked.”
How do Bitcoins work?
Each Bitcoin is basically a computer file which is stored in a ‘digital wallet’ app on a smartphone or computer. People can send Bitcoins (or part of one) to your digital wallet, and you can send Bitcoins to other people. Every single transaction is recorded in a public list called the blockchain.
What is the purpose of Bitcoin?
Bitcoins are blocks of ultra-secure data that are treated like money. Moving this data from one person or place to another and verifying the transaction, i.e. spending the money, requires computing power. Users called “miners” allow their computers to be used by the system to safely verify the individual transactions
Short answer is yes. Any big cap companies like Applied Materials Inc. is a good buy, it doesn’t go volatile easily, although slow growth but stable and safe. According to Yahoo finance wrote an article about this company “Applied Materials is a Zacks Rank #1 (Strong Buy) right now, based on its longer-term positive earnings revision activity. And investors looking for a semiconductor stock for 2020 might want to consider AMAT given its outlook, some of its other fundamentals, and its industry’s strength.” This was back in December 2019.
There has been report of Kim Jong-un not feeling so well, some even guess that he is in vegetative stage or even dead. So what will happen if he is no longer the supreme leader of North Korea? Who will be the next leader?
Vegetative stage basically mean the person is brain dead, not responding to what around him or her, no awareness what so ever, it’s like a human body without a soul. It’s sad for that to happen with any human being whether you’re a cruel person or not. This had happened to one person captured by North Korea, his name was “Otto Frederick Warmbier” somehow he was in vegetative stage during his prison sentence in North Korea, the North Korean didn’t know what to do, so he send Otto back to the USA and not so long after, maybe days or weeks he died. Some people might say “what goes around comes around”
According to some latest articles that talk about Ethereum (ETH) next coming event which is the switch from POW (proof of work) to POS (proof of stake), in other word from mining to staking, in other other word today you use a GPU to dig for Ethereum coins but soon will be investment like program that required you to have initial 32 ETH or so locked in to get profit out of it.
So when will this Ethereum 2.0 happening? Although there has been a lot of delay since the beginning of 2020, the most recently scheduled date is somewhere in June 2020.
For all those that are familiar with Bitcoin and this coming May 2020 halving “November 28, 2012: The first Bitcoin halving takes place to reduce mining rewards to 25 BTC. July 9, 2016: Second halving takes mining reward down to 12.5 BTC. 2020: The third halving will see the reward fall to 6.25 BTC.”
what is bitcoin halving? “What is Bitcoin halving? An event that halves the rate at which new Bitcoins are created. It occurs once every four years. As many know, Bitcoin’s (BTC) supply is finite. Once 21 million coins are generated, the network will stop producing more.”
The short answer is: None so far. According to the internet google search “No Major Auto Insurers Offer Bitcoin as Payment. While you might be able to save 15% on car insurance with Geico, you can’t use Bitcoin to pay for your policy. At the moment there are no major U.S insurers offering any digital currency for payment towards a policy, even though Bitcoin has been around for over 8 years.”
However don’t let that stop you being creative, you never know one of the website out there might be selling giftcard that be use as voucher for payment, or someone willing to pay the insurance for you with their money to your insurance bill payment and you just have to pay that person in Bitcoin cryptocurrencies with a premium of course. So do your math, is the premium worth it? and what is that percentage premium? how is it compare with you having to cash your Bitcoin and paying tax for it plus having the IRS coming after you asking how much Bitcoin you have.