#SPUD5: The Continuous Compounding

and yes!!!

BITVAVO’s withdrawal received at my wallet, 300 STEEM for 45 Euros!!!! Not bad at all, and the best of all with super tiny fee 12 cents!!!

Now I have fully certified my audit on BITVAVO exchange, they are reliable, fast and secure besides having unsurpassed fees. Next step will be to test them the other way around, so withdrawing CASH from them but it will be another story and not for the near future…first we all want to see STEEM at its best!!!

But this has not been the end of my #SPUD journey today.

Then, I have reviewed my earnings at Steem-Engine wallet, obtaining 40 STEEM more…

Converting some SBD to STEEM as well…

and finally powering up the whole STEEM liquid of my wallet today.

In total, a little more than 364 STEEM powered up which is a sudden increase of 5.2% of my STEEM POWER!!!

This is the power of compounding, trade, invest in some nice tribes tokens, work, engage and get rewards…

and, What better time to do it if it isn’t now at #newsteem?

Thanks to @streetstyle for this nice initiative!

Steem on!

@toofasteddie

Plastic, plastic everywhere but not for African recyclers

Plastic, plastic everywhere but not for African recyclers (Reuters)

  • As in many developing countries, Kenya’s recycling industry is underdeveloped and relies heavily on the private sector, which has slowed plastic recycling initiatives, as the plastic collection business generates low margins
  • As a result, multinational firms like Coca-Cola and Unilever are subsidizing the collection of their PET through the non-for-profit body called PETCO whose members reportedly account for 60% of the PET market.
  • Additionally, Coca-Cola, Nestlé, Unilever and Diageo have formed the African plastic recycling alliance last March to create recycling initiatives.

Analysis and Comments

  • The article showcases the two main issues the plastics recycling industries in most countries are faced with; 1) an underdeveloped collection and recycling infrastructure, and 2) the subsequent lack of recyclable materials to sustain their businesses.
  • While a growing number of governments has already begun to take action (e.g. in the form of bans), more incentives from governments are needed to boost participation in recycling schemes (or, for example, to set up deposit schemes which have shown to be very successful in the EU) and to hold companies legally responsible for the collection of their waste.

U.N. flags need to cut meat to curb land use impact on global warming

U.N. flags need to cut meat to curb land use impact on global warming (Reuters)

  • According to a recent report by the UN’s Intergovernmental Panel on Climate Change (IPCC), global meat consumption must be reduced to curb global warming and alleviate strains on stretched land and water resources.
  • As human use directly affects more than 70% of the global ice-free land surface, plant-based foods and sustainable animal-sourced foods could free up several million square kilometres of land by 2050 and cut harmful emissions.
  • Last year’s report called for rapid changes across society to keep the temperature rise to 1.5 degrees Celsius, while this year’s report states that “[t]he window for making these changes is closing fast. If there is further delay in reducing emissions, we will miss the opportunity to successfully manage the climate change transition in the land sector.”

Analysis and Comments

  • According to the report, agriculture, forestry and other land use activities accounted for 23% of total net man-made GHG emissions during 2007-2016 (excluding pre- and post-production activity in the food system).
  • While the IPCC stops short from actually telling people to go meat-free, it does advocate the benefits of a more plant-based alternative diet, which may be seen as a positive for players in this space (although this is not exactly news).
  • The Guardian published a highly critical response to the IPCC’s land and climate report (saying that it “irresponsibly understates the true carbon cost of our meat and dairy habits”), which includes a number of very interesting figures – well worth a read!  

Beyond Meat’s Share Price

Survey says consumers avoid electric cars due to three myths: range, price, charging (electrek)

Survey says consumers avoid electric cars due to three myths: range, price, charging (electrek)

  • According to a new survey by Autolist, the top reasons for not buying an EV were range, price, and charging, with c. 40% of respondents concerned about these issues.
  • The author makes the argument that these concerns are outdated, as EV prices are already below US$30k (after fuel cost advantage), provide a range of ~250miles, and the are thousands of charging points every where in the US.
  • One of the positive insights from the survey is that the majority of consumers (55%) now said they would use an EV as their primary vehicle rather than as a secondary vehicle (which was previously the top answer).

Analysis and Comments

  • This article fits in well with the investor’s view as to the process by which EV uptake will occur
  • The short version is that, as the article highlights, the key issue around EV adoption will be familiarity. For most consumers, current EVs are perfectly suitable for day to day use. Most of us just don’t drive far enough to need to recharge more than once a day (as with the person in this story). So the key is getting people to try one.
  • This does not understate the charging infrastructure challenge; yes, there is a lot more that needs to be done to roll out charging stations, especially fast chargers. But this is a solvable problem.
  • As with similar innovations, the adoption curve starts slowly and then rapidly accelerates – we expect to hit this inflection sometime in the mid 2020s. Tailwinds to this include tougher emission standards & city centre driving restrictions & potential headwinds include cutting of subsidies and a lack of affordable model choice.

The article also makes an important point:

  • Auto makers don’t need to keep making the range further & further, if the cost is more expensive batteries & hence a very expensive EV. The alternative is cheaper shorter range EVs, possibly with a lease package that includes the occasional use of a petrol car for longer trips

BITCOIN: Double combo Correction (WXY)

Back form holidays but still not working since we are on the weekend but, finally I have time to analyze the Daily BITCOIN chart in a more accurate manner. I have redone my EW-count and I think I found an structure that will fit with the current situation.

The structure is a Bouble Combo Correction (WXY) which is composed by the combination of three main Legs:

W Leg: Can be any Zig-zag or Flat correction

X Leg: Can be any Zig-zag, Flat , triangle or combo as well

Y Leg: Can be a Zig-zag, Flat or a Triangle

Only one triangle is allowed and it can be formed either on X or in Y but not in both. If it was the case that two triangles were formed at X and Y, the pattern would be different (Double Zig-Zag) with different results, so since the X leg is a ZIG-ZAG, a triangle may be formed on the Y Leg…or not :-)..

So, in my opinion there are two main scenarios in order to end the correction:

  • Y leg ending in a pure Flat Correction: Level of price would be similar or slightly below “W” , i.e. around 9000 USD as the main known support
  • Y leg is a triangle which will push the price lower, in search of the inclined blue line, i.e. 7600 USD

Looks like September is going to be an excellent month for the whole Crypto Market.

@toofasteddie


Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently. Neither this post nor myself is responsible of any of your profit/losses obtained as a result of this information.

Baby boomers are keeping booze Britain afloat – but the young are drinking less

Baby
boomers are keeping booze Britain afloat – but the young are drinking less (The
Conversation)

  • While drinking rates are declining globally, particularly among young people, in the UK, baby boomers (aged 55-64) remain the most likely to drink heavily and are the least likely to abstain from drinking alcohol.
  • The universal decline may therefore be more of a polarisation around drinking, with the decline of overall consumption levels potentially masking on-going heavy drinking among some young people and particularly older ones.
  • In the UK, the 4% of the population who drink the most heavily are responsible for c. 30% of all alcohol purchases, and alcohol-related deaths as well as hospital admissions are growing significantly in recent years.

Analysis and Comments

  • It is estimated that over 20% of the population does not drink at all, and its c. 30% for people under 24 (the data is not very precise). It is also estimated that c. 4% of the population drink around 30% of the alcohol consumed and that these consumers make up c.25% of industry profits. In addition, and perhaps more worryingly, deaths related to alcohol misuse are the highest in a decade, with related hospital admissions up 67%.
  • The implications are fairly stark for Beverages companies – in Western markets we should expect a continuing shift away from consumption of mass market beer, toward premium beer, wine & spirits. This is not necessarily bad news for drinks companies, they have been repositioning themselves for this shift for some time. Plus emerging markets consumption is still rising and the trend toward premium (i.e. more profitable) drinks continues.

Nearly 1 in 4 millennials hasn’t had a physical in 5 years

Nearly
1 in 4 millennials hasn’t had a physical in 5 years, survey says (Mobi Health
News)

  • According to a new survey by Harmony Healthcare IT, millennials prefer getting medical advice online to going to their doctor; 76% of the respondents said they used specialized websites like WebMD or news articles.
  • It highlights the current transformation of the healthcare sector. Millennials, who will outnumber baby boomers by 20m in 2030, are favouring retail clinics and telehealth for healthcare treatment. The online presence of traditional providers is also important: 65% said they only see doctors who can be found online, with 48% saying they would prefer to have a virtual visit with a doctor than an in-person appointment.
  • One of the main argument is cost: WebMD for instance, the first choice website for those surveyed, is free, which makes it the economically more sensible option, as only 35% of those surveyed set aside savings for medical emergencies, with 51% of those saving less than US$100 per month.

Analysis and Comments

  • The first thing that is probably important to note about this survey is that the respondents are American (which explains the emphasis on cost advantages).
  • However, a much larger study conducted by Accenture in February looked at four times as many consumers from all around the world and came to similar conclusions: there is a shift away from traditional care offerings, towards online alternatives.
  • Importantly, this shift was not only found among members of the youngest generations (Millennials and Gen Z), but also Generation X (the one after the Boomers).

US patients struggle to obtain Eli Lilly’s half-price insulin

US
patients struggle to obtain Eli Lilly’s half-price insulin (FT)

  • According to recent data from GoodRX, an app tracking drug prices, only 3% of insurance claims for Eli Lilly’s insulin were for the half-price version that the company revealed shortly before being questioned by Congress on soaring insulin prices.
  • According to the article, many pharmacists do not know that a cheaper version is available or it cannot be accessed because it wasn’t added to individual patient’s list of drugs that are covered.
  • The company said it was aggressively working to increase awareness as well as access to the cheaper diabetes drug.

Analysis and Comments

  • Best Healthcare analysts expect a strong downward pricing pressure and slowing volume growth for the previous classes of drugs such as DPP4 and basal insulins.
  • This will likely result in a slowdown in the sales growth for the global pharmaceutical market. We project the global diabetes pharma market to grow at only 3% CAGR to reach $46bn by 2025.
  • While the overall diabetes pharma market is set to slow, GLP1 and SGLT4 are likely to experience rapid growth.

Eli Lilly’s Share Price (USD)

Electric Unicorn: Bus Maker Proterra May Hit $1 Billion Valuation With New Funding Round

Electric
Unicorn: Bus Maker Proterra May Hit $1 Billion Valuation With New Funding Round
(Forbes)

  • US-based electric bus maker Proterra, which may be looking to go public, is planning another fundraising round that is likely to push the company to a unicorn-class valuation of US$1bn.
  • The company supplies transit buses to cities across the US and employs a number of former Tesla engineers and executives.
  • The private equity sale (which the company registered on August 2nd) could raise up to US$75m in support of the company’s planned expansion beyond transit buses and into a new business unit aimed at selling EV components such as its batteries and motors.

Analysis and Comments

  • The bus sector is the easiest to electrify because of the predetermined nature of the driving routes which makes it easier and less costly to set up charging points. This explains why 60% of the bus fleet in Chinese cities is already electric.  
  • The bus sector contributes 10% to road related emissions despite being less than 1% in terms of the vehicle fleet. Electrification of bus fleets in Europe and the US will likely speed up over the next 5 years.
  • Chinese companies such as BYD will likely capture the bulk of the international electric bus market, especially short range city buses (also called transit buses). This will be because of their clear cost advantage versus western OEMs. Companies like Proterra are hence focussing on higher value longer range electric buses.      

Bitcoin: Waiting For Resolution

In today’s video we discuss bitcoin’s micro and macro trend. We’ll talk about potential next moves, key areas to watch and so much more. I hope you find it helpful.

Video Analysis:

If you don’t see the above video, navigate to TIMM (https://mentormarket.io/profile/?workin2005/) or Steemit in order to watch.

I hope this has been helpful. I’d be happy to answer any questions in the comment section below. Until next time, wishing you safe and profitable trading.

Workin

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