Bitcoin Halving 2020
What is Bitcoin halving 2020?
Bitcoin halving on May 12, 2020 is a big thing. Bitcoin was created in 2009 as a decentralized currency so there is no third party to basically tell you what to do with your money, or stacking up fees and costs. It is run off a blockchain.
“You want to get your coins now no later then tomorrow so you not to late”
To understand better read about blockchain here, there is a lot of information that is broken down. What is even worse is when you go to the bank to take out $10,000 and they make you wait or charge you a fortune to send it overseas. Satoshi Nakamoto is the founder although no one knows who he really is. This is on purpose to show how private your transactions are.
Ethereum came out after bitcoin and is an open-source, public, blockchain-based distributed computing platform and operating system featuring smart contract functionality.
Ethereum has its own coins that work with its system. You can look up the information you need to know by the links I have presented to you. Let’s understand the coins and we will get into halving.
I will be giving you informational links to research information yourself but you out of time for that. I want to be able to get this out to tell you the coins I think are going to skyrocket.
It could be the day after halving or it could take months, but it will happen when the prices will climb. Some coins you simply can not get now. I am here to tell you the coins I think through my research and watching the market for 2 1/2 years. Finding the right small ones can mint you a millionaire.
Like all investing companies and information you get out there, I urge you to invest wisely, use about 10% of your savings, although you can do what you want. It is your decision on investing and what you choose I am not held responsible for your investing decisions.
I am not saying this because this is not true information, but I also can not predict the future. This is based on my own knowledge so it is up to you what you do with it.
Decentralized currency has so many altcoins besides Ethereum and Bitcoin. Some will not stay around, but the ones that when you own bitcoin BTC, there are other altcoins to bitcoin. They all have their own function like being able to use credit cards with bitcoin.,
BAT Wallet (Basic Attention token) is for internet users who use Braves free web browser available at Braves.com can replace adds they want to see and get paid for it. This is an Ethereum coin which is faster and less expensive to use compared to bitcoin. You use the amount of internet you want to and this helps companies get advertised.
OXT is a coin that includes a VPN and other figures that gives the internet users control, like sending documents securely. Many things can happen in the cryptocurrency world like signing and paying for house titles, shopping, insurance.
The banks already have been using electronic money. It is nothing new. You take your money in, it is login into there computer system. Now, you are saved from fines and costs. You can send $10,000 now if you want to another country that accepts cryptocurrency.
There becomes a time that the blockchain is set up every four years to halve. This works with inflation and taking out the cons that really are not needed. Investopedia explains real well, “Every 210,000 blocks mined, or about every four years, the reward given to Bitcoin miners for processing transactions is cut in half. This cuts in half the rate at which new Bitcoin is released into circulation. This is Bitcoin’s way of using a synthetic form of inflation that halves every four years until all Bitcoin is released and is In circulation,” Investopedia, (2020).
Why this is the last time for anyone who does not have money to get in on striking it rich is because over time, each halving Bitcoin increases. The first time Bitcoin halved in 2012 it went from $10to $1150. The second was July 2016 when it halved taking it back down to $650 a coin. By December 2017 Bitcoin rose to $20,000 per coin, along with altcoins that were pennies on the dollar that soared. XRP was under a penny as it climbed to $7,000 per coin. Ethererum drove to around $13,000 depending on the platform you used. Reasons why bitcoin halves.
Read White Paper On New Companies
Be sure to read the white paper on any new coins you do not know about. Now the investors and research if you do not. There are regulations that new companies need to register with the government to keep CEO s from running off with peoples money. This is also why you keep you coins in a wallet.
Coins I Choose
These coins I choose because they have to do with the way the world is innovating and depending on electronics for much of anything. The go in the direction of Economics and time. Prices are as of the evening of May 7, 2020.
TOP 3 COINS
BTC Bitcoin – $9,963.26
ETH Ethereum – $213.16
XRP Ripple- $$0.22
BAT-Basic Attention Token $0.1907 As explained above.
Small Coins with Potential Huge Gains
This is small coins I think have the potential to mint money
EOS-EOS $2.77 Designed to support large scale transactions.
MONERO- Monero $64.72 Monero is for transactions that can not be traced or traced
TEZOS-TEZOS $ 2.80 ONE OF THE TOP RISING COINS. Token holders can earn rewards for creating and verifying blocks. Similar to Bitcoin mining, with less energy and more green.
LINK- Chainlink $3.83 Ethereum token to connect external data sources as API’S, and payment systems
NEO- NEO $9.90 Designed to support applications on a large scale with different languages.
UNUS SED LEO – $1.06 Used on Bitfinex crypto exchange as a way of reducing trading, lending, & other exchange fees.
Synthetic Network Token – $0.87 The network that runs Tron, Cosmos
Algorand – $0.20 Frictionless financing through the blockchain.
DX Chain token is at $0.0018. This has a market cap of 90.10 million and had 49.10 billion circulating out there so this should be a great halving opportunity.
You can research more coins on Coinbase. Coinbase will give you the rundown. I hope this gives you all a little help on purchasing coins. There may be some it is too late to purchase. Coinbase and Voyager are the simplest to use for newcomers. You can get all the coins on Voyager and not on Coinbase.
Good luck to everyone and happy investing!
I put a lot of time and effort into this so when you do great off of my recommendations, and this information usually cost $1,000 or more to get, I will be posting a place you can contribute to me out of the kindness of your heart. This is for all my friends.
First, download Coinbase or Voyager. You will have to give your information so it is your account. Once approved, it could take up to 24 hours, depending on how you fund your account. Once that is done start buying. Let me know if you need any help. Just click on the coin you want to purchase, there is a little circle on your phone app, click it and it will ask your permission to deposit money into Coinbase for that coin.
Transfer everything over to USDA Coin to cash out so the fees are not as high.
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