BTC was started in 2009, it was initially valued at 0 US dollars. And businesses started trading Bitcoin from the mid 2010s. Its value reached 32 US dollars in june 2011. Then 2013 was a decisive year for BTC when it shot up to 220 US dollars in April.
However, 2020 was the year when it saw an enormous rise in its value. Breaking all the records it reached just below the 30 thousand US dollar mark. After a strong ending to 2020, btc continued its rise in 2021 too. 3 months into the new decade and it has crossed the 60 thousand US dollars barrier breaking all previous records.
However, its fluctuating trend continues as is seen numerous times before. For now, its price is somewhere between 56 to 58 thousand USD. The amazing scene of its rise has attracted many investors including the likes of Elon Musk.
Recognized as the king of cryptocurrency, btc is expected to rise again and some analysts believe that it will cross one hundred thousand dollars milestone before the end of this year. Similarly, some analysts predict it to be higher than 200 thousand US dollars before the end of 2022. However, we have no evidence whatsoever to justify it truely.
How to buy and sell btc:
Compared to earlier days, buying or selling btc has become very easy. There is no shortage of mobile apps and local dealers offering these trading services. These services also include other cryptocurrencies like ethereum, Litecoin, Cardano, Binance Coin, etc. They also offer Forex trading services. The trading is mostly done in usd. Bitcoin is stored in a bitcoin wallet.
What is mining and can it be profitable?
One of the other ways to get your hands on bitcoin is to mine it. Mining is a process where a part of a user’s device is used to support the transactions of btc. In return, the person who is mining gets a share of bitcoin himself. There are a large number of ways to mine bitcoin. Some software allows people to mine bitcoin on their laptops and mobile phones. However it’s not worth it unless you have a large investment and a large system.
Power consumption and its high price is one of the biggest issues in this business especially for underdeveloped countries. However, one can make thousands of dollars worth bitcoin if investment is good enough. Right now China and the USA are the leading countries in mining this cryptocurrency.
Is bitcoin worth the investment and time?
Seeing the recent rise in the btc usd trading and price in it is worth the time. But the downside of this business is that nobody can predict its price and future accurately and it can be very risky to invest in such a volatile looking currency.
Even though some big names and companies like tesla have shown significant interest and invested in bitcoin, which gives it a considerable amount of support still it does not guarantee a consistent future price.
How to Reduce the Chances of Your Business Grinding to a Halt
Throughout your time running your own business, you’re constantly looking for ways to make it as productive as possible. You may have lots of time and money investing in the most time-efficient ways to complete processes to help maximize your products.
You may have worked hard to help shave some of the time and therefore the money it costs to produce certain items or provide certain services. The only problem is there are many incidents which could make your business suddenly stop production. Every hour your workforce isn’t working could cost you a lot of money. With that in mind, here are the ways you can reduce the chances of an unexpected incident from making your business grind to a halt.
Invest in reliable equipment
One of the most common disruptions to a workplace is equipment failure. Whether you’re in a factory and a piece of equipment stops working, you’re in a shop and the till can no longer process payments, or you’re a tradesperson and your tools can’t complete the job, all of these problems can prevent you from completing an important transaction. That’s why it’s important to invest in the best equipment, no matter how simple you may believe it is. For example, many people may simply think a conveyor system is a simple bit of equipment that moves a product from one part of the production line to another.
If you invest in a cheap system and it fails, you could end up losing a large amount of money due to the time your production line is out of action. To reduce the chances of this happening, make sure you invest in companies that offer innovative solutions, like those at Fluent Conveyors, who can create bespoke solutions to any problem. By investing in the best equipment, you’re reducing the chance of losing money due to technology failing on you.
Make sure your premises are secure
Another thing that can cause disruption to any business is a break-in. If they steal equipment or stock from your premises, it can prevent you from carrying out any work until it is replaced. Even if they break in and steal only minor things, you’ll likely have to shut the premises until it can be made secure again and the police can investigate the crime. To reduce the chance of any criminals breaking into your property, invest in security equipment like CCTV and alarms to deter anyone from trying to enter your premises without permission.
Increase the skillset of your employees
Whilst it’s important to have the technology to help you reduce problems within your operation, it’s also important that you have a number of employees trained to use that equipment. For example, if only one person knows how to use a certain bit of equipment and they suddenly call in sick, it could have a big impact on your productivity. If that person either leaves the business or is away from the business for a long time with sickness, it could seriously hamper your ability to meet deadlines.
With this in mind, it’s important that you train as many of your employees as possible to use all the equipment on your site. That way, if somebody is away from the business, you can find another member of staff trained to step into their shoes at short notice.
Top Three US Mobile Network Carriers Bid $78 Billion on 5G Airwave Licensing
Top US carriers Verizon, AT&T and T-Mobile were the winners of an $81 billion auction for highly coveted 5G airwaves.
According to the research data analyzed and published by Sijoitusrahastot, the three mobile carrier network companies spent a cumulative $78.2 billion on bids and accounted for 90% of auctioned licenses.
Based on data from Evercore, Verizon’s total mid-band spectrum following the auction would be 192 MHz. Comparatively, T-Mobile’s spectrum is 301 MHz and AT&T’s, 167 MHz.
US Big Three Carriers’ Capex was 55% of Expenditure on Mid-Band Spectrum
Verizon placed the top bid of $45.45 billion through its Cellco subsidiary. AT&T was second with $23.42 billion while T-Mobile was third with $9.34 billion. Other top bidders were US Cellular with $1.282 billion and New Level II with $1.277 billion.
Verizon took a total of 3,511 licenses, representing 56% of the total 5,684. AT&T took 1,621 licenses or 29% of the total while US Cellular took 254 licenses and T-Mobile got 142 licenses. All bidders spent a total of $80.9 billion on the auction against an expected $20 billion to $30 billion.
Verizon secured two loans worth a total of $25 billion in order to place its winning bid. AT&T borrowed a total of $14 billion from a group of banks. T-Mobile already had licenses acquired during its $26 billion purchase of Sprint in April 2020. According to Evercore analysts, if Verizon had purchased all the available spectrum, it would only have surpassed T-Mobile’s holdings by 16%.
Overall, the three carriers’ collective capital expenditure (capex) for 2020 was 55% of the amount they spent on the auction. AT&T had a $15.6 billion capex, reporting $171.8 billion in revenue. Verizon’s capex was $18.2 billion and its revenue for the year was $109.9 billion. T-Mobile had an $11 billion capex and it reported $68.4 billion in revenue.
Twilio Projects 47% Revenue Growth to $536 Million in Q1 2021
During the fourth quarter of 2020, Communications-Platform-as-a-Service (CPaaS) leader Twilio outperformed expectations amid rising demand for communication software.
According to the research data analyzed and published by ComprarAcciones.com, Among the contributors to its strong performance was an increase of 13,000 users to its active customer base in Q4. During the previous quarter, its active users had increased by 8,000. At the end of 2020, the total number stood at 221,000, up from 179,000 at the end of 2019.
As of March 11, 2021, one share was trading at $377 according to Marketwatch. Over the trailing 12-month period, the share price has surged by 367.87%.
Twilio Revenue Surged by 55% in 2020 to $1.76 Billion, 10 Times the 2015 Total
The company also added $23 million to its Q4 2020 revenue from political activity. It projects an increase of 47% in Q1 2021 revenue to $536 million. Refinitiv analysts estimate a significantly lower figure, at $492.1 million.
Twilio’s revenue has been growing by double digits over the past few years. It rose by 44% in fiscal 2017, 68% in 2018 and 75% in 2019. In the first nine months of 2020, it grew by 51% to $1.21 billion. Full-year 2020 revenue surged by 55% to $1.76 billion, more than 10 times the $167 million recorded five years prior.
However, the company remains unprofitable, with its net loss for fiscal 2020 hitting $491 million, up from $307 million in 2019. Stock-based compensations (SBC) are to blame for a huge part of the loss. In 2020, SBC expenses and related taxes soared by 47% YoY to $389.3 million or 22% of Twilio’s top line. The company is also heavily dependent on stock bonuses. This pushed outstanding shares to 146.7 million by the end of 2020 from 86.1 million in 2016.
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