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Bitcoin Halving What to expect after the halving process

What is a Bitcoin halving?
When will be bitcoin halving
Frequently asked questions

Every Bitcoin enthusiast is anticipating for the upcoming event called bitcoin having. This event happens every 4 years and it is when the Bitcoin block reduces to 50%. Effectively this having process will result in the slashing of the rewards the miners receive from mining bitcoins

However, this is not all doom and gloom for miners, because historically the having phenomenon has led to all time highs in bitcoin prices and investors anticipate that this will also be the case after the upcoming halving.

Bitcoin halving price prediction

Bitcoin may be forced to jump from 8k to 10k prior to halving and then have a painful correction for the weak hands. The drop may go for a few days to months before bitcoin catapults into all-time highs.

DO NOT DAY TRADE!

Bitcoin halving dates history

First halving was November 28, 2012. Block reward dropped from 50 bitcoins to 25 bitcoins

Second having was July 9 2016. Block reward dropped from 25 bitcoins to 12.5 bitcoins

Next halving will be 12 May 2020. Block reward is expected to drop from 12.5 bitcoins to 6.25 bitcoins

Bitcoin Halving Countdown

Frequently Asked Questions (FAQ)

What is a Bitcoin halving?

From inception, the bitcoin network was issuing 50 Bitcoins every 10 mins. Four years on the network reduced to 25 bitcoins every 10mins and the most recent one 4 years ago saw bitcoin network reducing the issuing to 12.5. Therefore, we gather that the network is programmed to halve the rewards every four years. New bitcoins are issued by the Bitcoin network every 10 minutes. The upcoming halving will see a drop from 12.5 bitcoins to 6.25 bitcoins.

What will happen after Bitcoin halving?

Bitcoin having is when the number of bitcoins created per block reduces by 50 percent.
In a normal economic environment, any reduction in supply will result in the increase in price of the commodity. If the bitcoin markets response to the supply curve we are likely to see bitcoin price increase its value by at least the factor of 2.

What date is Bitcoin halving?

The Bitcoin halving is estimated to occur on the 12th May 2020. The experts have come up with the date from their calculations that bitcoin block will reach 630000 by this date. However, halving is not linked to any date it happens when the block size reaches 210,000 blocks

Does Bitcoin halving affect Altcoins?

Simple answer is Yes, this is because most altcoins respond heavily to any movement in bitcoin price and if bitcoin rockets upwards so will majority of altcoins.

What will bitcoin be worth in 2020?

Bitcoin is currently worth around 8,000usd. No one knows for sure how much it will be after the halving, but my best guess will be way higher than $8000. There may be a time after halving when the bitcoin will drop significantly, however, in my opinion the low prices will be short lived.

How many Bitcoins are left?

There are almost 2,6 million Bitcoins left to be mined into circulation. The maximum number of bitcoins in existence is only 21 million Bitcoins and the amount in current circulation is 18,4 Million that leaves only 2.6 million.

Is it a good time to buy Bitcoin?

It is never been a good time to buy bitcoin than now. However, I would advise you to seek your own financial advice because there is risk in any form of investing and bitcoin is not immune.

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Four Ways To Make Money During A Lockdown

Introduction: This article will explore four ways to make money during a lockdown. Most of the methods discussed you can do them in the comfort of your own home. No previous experience is needed and you can even use you transferable skills.

Online Trading
Freelancing
Affiliate Marketing
Creating Digital Info Products
Conclusion

FAQ

Four ways to make money during a lockdown

In light of the current and ongoing concerns around the Covid-19 also know as coronavirus. A lot of countries are struggling to control or reduce the spread and the ‘WHO’ has recently declared this situation a world pandemic. If you have been watching the news recently you should be well aware of what has been happening in Italy, Spain and many other nations, Lock-downs are being implemented and the police and military are being deployed to ensure everyone stays in their homes to reduce the spread of this disease.

These lock-downs have also brought about multiple layoffs “left right centre” even some of the industries that you would least expect to lay off their employees. As you are reading this article, there is 60 percent chance that you are one of the victims of losing your job due to the coronavirus pandemic. Anyway, not all hope is lost! There are ways to still make an income during these tough times and some people will even emerge ‘RICH’ out of this crisis.

We are going to discuss four ways to make money during a lockdown, which you can make a living and majority of the methods would not require huge investments and others you can start absolutely free.

Make Money With Online Trading

Online trading can be confronting if you have never done it before, however, with so much training courses and free videos on YouTube. Anyone can fast-track their learning of trading. The 4 most popular trading techniques are scalping, day trading, swing trading and position trading. The video below provides a snapshot of trading.

3 popular trading strategies : source – YouTube
  • Day trading – this is a practise of buying and selling within same trading day. The trader makes sure that all his/her positions are closed before the close of trading hours.
  • Position trading – This is when a trader buys and hold the security for days or for months. This strategy requires more advance traders to be effective.
  • Swing trading – the trader usually predicts a trend using fundamentals or technical analysis techniques and place a trade to capitalise on the change in the direction of the trend. Usually positions are held longer than a day.
  • Scalping trading – this is a very active form of trading where the trader seeks to exploit the price differences or gaps and these types of trades can be executed withing minutes. Some traders use trading apps or bots to capitalise on these gaps and the trading bot can execute these trades in a split of a second.

Choosing the method of trading will depend on the style that you feel comfortable with. Note that trading can be very risky, and you may lose all your initial capital in some cases. So, trade wisely or seek professional help.

This article ‘Four Ways To Make Money During A Lockdown’ should not be taken as financial advice. as I have alluded, trading is very risky and you can lose your shirt!!

Freelancing

Freelancing has been growing in popularity in recent years and if you have not head about this, means you have been living under a rock (no offense). Anyway, this is basically a form of self-employment where you are not committed to any employer or project. There are several website platforms that host a lot of freelancers where organisations and individuals go to outsource freelancer services. The popular platforms include but not limited to Freelancer.com, Fiverr, Upwork and many more.

I personally have been using Fiverr for more than 10 years now, I find this platform very easy to use. They even provide you with simple to follow training to get you started in this freelancing world. Because people differ in their preferences and tastes, you may find that you prefer another platform, so its worth giving yourself time to learn a few of them until you find your match.

As a freelancer, you can offer any services, anything that you think you have better skills than the next person e.g. translations services, voice over services, the list is endless.

The video explains freelancing a little bit more.

Affiliate Marketing

Affiliate marketing is a very interesting concept, where you get paid a commission for referring others to buy products from a merchant. For example, Amazon will give you a unique link that you can send to your friends or promote on Facebook and if anyone who visit Amazon website through your unique link you will get paid 3%+ commission by Amazon.

There are several affiliate networks which you can join for free and start promoting offers to get commissions. Some full-time affiliate marketers are making six figure income just through promoting other people’s products. Affiliate marketing is very easy; however, it takes a lot of time to learn the useful methods. There is a lot of information online and some of the information is now obsolete and the methods no longer work. For up to date information I personally use AffLift (has both free and paid membership… the choice is yours 😉)

During this pandemic, the most popular products to promote are gaming products, online casinos, online surveys and online business opportunities

Common affiliate networks:

  • Maxbounty
  • Clickbank
  • Shareasale
  • &many others.

Creating Digital Info Products

Creating a digital product: Of the four ways to make money during a lockdown, Information products can be a lucrative business model given that you only invest once if you know what you are doing.  I have read a lot of articles online with people giving testimonies of full time income from selling short eBooks and some were even outsourcing the whole process (which means, getting someone with better writing skills to write you a book) and you can then publish the eBook on amazon.

Four Ways To Make Money During A Lockdown. creating digital info-products

There is an old training course I came across years ago and this time it may be more relevant than ever if you would like to dive into creating these digital eBooks and start earning from them. This will ensure you learn the tricks of the trade faster and the right way.  

Please note that there is no guarantee that you will be making any dime when you follow whatever I am saying in this article. Use the information here as your foundation to do your own thorough research, mainly because there are a lot of crooks out there who can promise you amazing results just for you to part with your hard-earned money. During the lock-down, you have to be wise with how you spend your money because you never know when the lock-down may end.

Conclusion

The lockdown is not a death sentence, there is light at the end of the lockdown and the most important thing is to stay safe!! Ultimately it is your responsibility to research on four ways to make money during a lockdown, that works for you or your personality

If you are going through a financial problem and mental health problem due to the lock-down please contact the relevant authorities

For the latest advice, information and resources, go to www.health.gov.au Call the National Coronavirus Health Information Line on 1800 020 080. It operates 24 hours a day, seven days a week.

If you require translating or interpreting services, call 131 450. The phone number of your state or territory public health agency is available at www.health.gov.au/state-territory-contacts

If you have concerns about your health, speak to your doctor

Australian Government

Make Money Online FAQ

How do I make an extra $1000 a month?

Start freelance business, selling your services on Fiverr.
Write an eBook on your favourite topic & sell on Kindle.
Complete online paid surveys on platforms such as InboxDollars…
Start tutoring others, language or any subject.
Start affiliate marketing…

How can I make money right now?

Start selling used books online
Offer data entry services on fiverr
join survey junkie, inbox dollar etc…
Start a drop-shipping business using shopify.
Start a coaching business…

How can I make money while unemployed?

Dog walking. …
Ubereats delivery …
Ride-sharing services eg Ola, Uber etc…
And, sell stuff online ebay, gumtree, amazon, etc

How can u get free money?

Centre-link
Online paid survey
basking
paid to click services

Quiztok (QTCON) – A messenger chat-bot for quiz

What is QTCON

Where to buy QTCON

Who created QTCON

What is Quiztok (QTCON)?

  • Quiztok is a service based on a social media instant message chatbot. It generates quiz on messengers such as telegram when you use quiztok to add them as your friends.
  • You can easily create and customize your quiz using a clean interactive user interface

Quiztok is designed to disrupt the mobile marketing industry with its inbuilt function for users to create quiz with sponsoring options, donations and more.

Where to buy Quiztok?

The token is available for purchase on Coinone and the current price is shown below

Who created Quiztok?

The token was developed by a Japanese team at Quiztok Co Ltd and below is the list of founders:

  • Jeon Changsub – CEO
  • Hwang Sehoon – Head of Japanese Business
  • Lee Keunwoo – Vice President
  • Yang Jongil, Jang Wonjun, Kim Dogwoo, Kim Seonwoong, Han Kyunghyun (developer team)
What is Quiztok?

Quiztok is chatbot system that create quizes for messenger services such as telegram etc.

Where to buy Quiztok

You can buy this token on an exchange called COINONE

Who created Quiztok

The token was created by Japanese developers at Quiztok Co. Ltd

SPICE Token, A BCH Simple Ledger Protocol Appreciation Token

Spice is a token created on the simple ledger protocol (SLP). It is dubbed an appreciation token. Spice is popular within the Bitcoin Cash (BCH) blockchain community.

Spice is named an appreciation token because of its primary function being for tipping others on social media. It is part of the larger Social Tipping Platform and it utilises a bot called spicebot. All the content that has been tipped using Spice is aggregated through a Spicefeed that distributes across major social networks.

How to accumulate and distribute SPICE token?

Spice is distributed through a Proof Of Fen (pof). When you tip someone with spice and put pof on the suffix of your tip, and they tip someone more than you tip, the person you tip receives the highest score on the pof scale. The image below illustrates how it works:

screenshot from SPICE official site
screenshot from SPICE official site

To withdraw spice tokens, you only need to type “Withdraw (put amount you wish to withdraw) [put you Bitcoin Cash Simple Ledger Protocol address]”
eg: withdraw 200 simpleledger:qzxxxxxxxxxxxx
This process will convert SPICE social media points to SPICE simple ledger Tokens.

FAQ

What is SPICE token?

SPICE is an appreciation token build on a single ledger protocol. This token is famous within the BCH community.

What do you use SPICE for?

SPICE can be used to pay tip to someone you like or enjoy their content and works on major social media platforms. To learn more about SPICE, visit the BCH community.

How cool is the BCH community?

BCH community can be considered a very cool community of like-minded people who are strong believers in the power of cryptocurrencies.

Who created SPICE?

SPICE was created by Spicetoshi. We are still investigating who this Spicetoshi is, but if we hang around the BCH community long enough we will soon know who this person or group of people are.

More Recent Articles

How Cryptocurrency have been impacted by Coronavirus COVID-19

Cryptocurrency & COVID-19


As you know the most important thing to do in times of crisis is not to panic. But fear has a strange way to slip past common sense, particularly when there are large sums of money to be lost. The trading industry suffered a big hit, with no one willing to take the risk. Now we have huge volatility rates for pretty much any resource you may like to trade in or invest in. However, even with a situation like that, there are still ways to make money when dealing with crypto because if you know what to do and how to act, there are ways to benefit from high volatility. In this article we will address what is COVID-19, and how is it going to affect Cryptocurrency?

What is COVID-19?

COVID-19 known as Novel Coronavirus-19 is a new type of coronavirus belong to a large family of viruses that had previously not been identified in human beings.

No human being, without resources, can think of survival. From food to education and anything without currency one can’t get it. The World Health Organization pushed back on a report Friday that people should look out for currency notes as coronavirus could spread via currency. In addition, WHO stated that banknotes are spreading the coronavirus most, therefore, people must wash their hands after handling cash. Concerns have mounted over whether or not currency could play a part in spreading the virus.

How Cryptocurrency and COVID-19 Related?

When COVID-19 drives hospitals to break point in the worst-affected countries, nonprofits mobilize in crypto-currency for donations.

The COVID-19 had changed everything just from last week. It’s about everything from everyday life to global transactions. Where it adversely affects local business, it affects the Cryptocurrency. COVID-19 soon stunned cryptocurrency markets, with the price of Bitcoin plummeting below $4,000 in early March in the midst of the largest exchange inflows ever.

Do you think of a payment or transaction in which you don’t have to touch cash, even if the credit or debit card is used? Why can’t we speak of digital currency in that digital era?
” I should let you know, now is the ideal opportunity for us to dream about utilizing cryptographic forms of money.

No need to pass currency or cards to buy products. Easy, secure, borderless transactions, where your digital wallets are being used. You don’t have the fear of spreading COVID-19 by currency.

As the global economy struggles to remain alive, several countries are desperately trying to work out strategies for how the virus can be controlled. The demand for cryptocurrencies has also been greatly affected by the inexperienced virus that hit the planet at the end of last year.

Cryptocurrency and COVID-19 Effects on Market

Three months deep into 2020, more than 700,000 are affected, as are more than 33,000 deaths worldwide and further are expected to be effected by this virus in coming days the reports suggest . Coronavirus has impacted the daily lives of citizens – schools, colleges, and universities have been closed and a national lockout has also been enforced in some countries.

The cryptocurrencies declined along with the stocks until mid-March, and the correlation between the BTC exchange rates and the S&P 500 index set a new all-time high. The S&P 500 dropped by about 30 percent from 20 February to 15 March, while the price of BTC dropped by nearly half, from above USD10000 to USD5000. However, after the Federal Reserve declared emergency steps from 16-17 March The markets are not associated with each other anymore. The connection between S&P and BTC dropped dramatically, and the exchange rates for cryptocurrency started to rise following more falls in the indices.

With its rapid spread and the terror it inspires, COVID-19 has essentially halted the global economy, invading all areas of financial activity, including the realm of crypto-currency.

Firstly, the damage to Chinese imports has directly impacted countries across the world’s export economy. This affected numerous significant areas, for example, oil, agrarian merchandise, and metals. This affected numerous significant areas, for example, oil, agrarian merchandise, and metals.
Approximately 30 percent of crude oil prices plunged after Russia agreed not to help the rest of the oil producers in reducing production. This was followed by a significant decline in U.S. indexes by more than 6 percent along with the entire U.S. Treasury yield dipping for the first time in history below 1 percent.

At the same time, many market sectors that are officially deemed “non-essential” face the imminent threat of bankruptcy due to quarantine staff, logistical restrictions, diminishing assets, inadequate cash flows and ultimately – barriers to lending and debt restructuring helped.

This involves mining companies that are unable to continue to finance their company in part due to, in addition to the above-mentioned reasons, restricted ability to procure mining equipment from suppliers based in China, as well as the price fallout from the Bitcoin network over the past few weeks. Some bigger mining rigs are configured to shut down once Bitcoin’s price goes through, set lower limits, and return to full functionality once Bitcoin’s price recovers to some stage.

Future Prediction of COVID-19 effects on Cryptocurrency

Vincent Poon, Bathtub Global’s vice president, a digital asset trading company, said the “hash rate drop is due to global uncertainty similar to other assets.” He said the crypto market still has a “handful” of Ponzi schemes where people are invited to invest in a certain amount of coin and guaranteed high returns. Poon said there was also a cash-out of these Ponzi schemes which also influenced a coin’s price.

“It’s (the effect) isn’t totally different,” said Raghu Mohan, fellow benefactor of IBC Media, an advertising arrangements organization that works with square chain firms. He said the requirement for liquidity has dropped because of the pandemic.
He said that most retail investors who prognosticated a freeze have liquidated. COVID-19 doesn’t simply influence the cost of bitcoin or different monetary standards. Cryptocurrency mining is a big offline operation in which mining farms are close to data centers, requiring a ton of electricity and cooling system’s for the machines.