Merchants No Llonger Pay Merchant Fees. So Stop Paying Them.

Zero Fee Solutions Now has the absolute best program for merchants in the entire United States

We are a Michigan  based merchant  services company
changing the way  that merchants do  business.  

Our  program is saving merchants thousands  one swipe at a time.

Merchants can now pass on their merchant processing
fees to the consumer. Sit down with one of our reps to
hear about our ZERO FEE SOLUTIONS. We are powered
by one of the largest processing companies in the United States.
They process over $100 billion dollars in card volume per year.

 

With over 30 years of experience and
offices throughout the U.S., we offer a
simple solution to age old processing
experience 
Built on cutting-edge technology,
security, and always putting our
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Chris Corey

Zero Fee Solutions

(810)308-0872

ccorey@zerofeesolutions.com

 

TP

Trade Coin Club Reviews – Is It A Scam Or A Legitimate Opportunity?

Trade Coin Club Reviews – Is It A Scam Or A Legitimate Opportunity?

 

Trade Coin Club

I found out about this company called Trade Coin Club as I was surfing the web. This company is a fresh new company and as always, I have decided to have a detailed look at their business.

I am sure if you are like me, many of you would also like to know more about this new venture. Even more so, those of you, who are looking to invest in this web MLM business.

To help you guys, I have spent some time researching and prepared this Trade Coin Club Review. I have divided this into company profile, products, compensation plan and finally my thoughts.

Let’s check what I dug up about them!

What Is Trade Coin Club? 

Trade Coin Club may very well be the newest of the online bitCoin based MLM business. As for the domain registration, this company just started its operation in November 2016. I am not scared of being involved in a company in its infancy because if it is a good company I can get a head start. 

Like most of the online businesses similar to this one, this company does not have any information about the company owners, stakeholders or management teams., however, they are licensed as a legitimate trading platform. Another point to note they offer all trades to be logged and viewed in the back office. 

They have registered their domain name for 10 years. 

Products Trade Coin Club Offers

Trade Coin Club does not have any physical or digital products to sell or rent.

After becoming an affiliate member, members can sell or promote memberships of Trade Coin Club. Each member is set up with a trading platform that allows them to have their cryptocurrency ie "Bitcoin" traded against the top ten cryptocurrencies. I like this because of the aligator tooth (the up and down price of Bitcoin) this allows members to not really be concerned about the lack of knowledge of trading because it trades on auto-pilot and they choose the level of risk. High, medium, low. More on this later in the study.

The Trade Coin Club Compensation Plan

You can join Trade Coin Club by signing on for one of 3 available investment plans.

  • Apprentice – Invest 0.25 to 0.99 BTC and receive a 0.35% daily ROI for 8 months
  • Trader – Invest 1 to 4.99 BTC and receive a 0.4% daily ROI for 12 months
  • Senior Trader – Invest 5 BTC or more and receive a 0.45% daily ROI for 12 months

However, you have to pay a 25% fee on your earned ROI every four months. So basically, you are actually earning 75% of their promised ROI.

Affiliate members can also earn referral commission on unilevel structure up to level eight. Your unilevel positions can be filled by both your directly sponsored members and their own sponsored members.

  • Apprentice – 10% on level 1, 3% on level 2, 2% on level 3 and 1% on level 4
  • Trader – 10% on level 1, 3% on level 2, 2% on level 3 and 1% on levels 4 to 6
  • Senior Trader – 10% on level 1, 3% on level 2, 2% on level 3 and 1% on levels 4 to 8

When you advance in affiliate ranks you receive rank advancement bonus.

  • Trader Level 3 – Earn 10 BTC or more in monthly binary commissions and receive a Montblanc pen
  • Trader Level 4 – Earn 50 BTC or more in monthly binary commissions and receive a cruise
  • Trader Level 5 – Earn 100 BTC or more in monthly binary commissions and receive an “international Caribbean travel” cruise
  • Trader Level 6 – Earn 200 BTC or more in monthly binary commissions and receive a Rolex watch
  • Trader Level 7 – Earn 500 BTC or more in monthly binary commissions and receive a Toyota Corolla car
  • Trader Level 8 – Earn 750 BTC or more in monthly binary commissions and receive a BMW 320 car
  • Trader Level 9 – Earn 1500 BTC or more in monthly binary commissions and receive a BMW Z4 car
  • Trader Level 10 – Earn 5000 BTC or more in monthly binary commissions and receive a BMW 18 car
  • Trader Level 11 – Earn 10,000 BTC or more in monthly binary commissions and receive a Lamborghini Huracan car

They also provide residual commissions on binary compensation structure.

Your downline investment volume will be counted every day on both sides of the binary team and you will be paid commissions on the weaker side of your leg. The amount will be dependent on your rank.

  • Apprentice – 8% (capped at 2 BTC a day)
  • Trader – 9% (capped at 10 BTC a day)
  • Senior Trader – 10% (capped at 15 BTC a day)

Additionally, members can earn recruitment commissions through a 3×12 matrix. When an affiliate fills a matrix position they are paid 0.003 BTC a month, as long as each member continues to pay their monthly fee.

So I have researched results from other existing members. A member that I had talked with has earned a documented 174 Bitcoin since December 24, 2016. They were nice enough to show me in their back office and that they have received full withdrawal after the trade period was over. So I do know at this point this is a real trading platform.

To see the company presentation and to make your own decision Click Here

Chris Corey CMO MarketHive Inc

 

TP

Bitcoin vs Onecoin

A lot of people seem to think Onecoin is a far better investment compared to bitcoin. While nothing could be further from the truth, it is not hard to see why people would invest in Onecoin rather than bitcoin. To the average consumer, bitcoin makes little sense. However, it is evident bitcoin will always be the superior currency.

2. ONECOIN

Over the past few years, Onecoin has made quite a name for itself. The people responsible for this project advertise Onecoin as a digital currency that will not only make investors rich over time but also provides a gateway to product and services as part of the Onelife ecosystem. However, there are quite a few caveats regarding Onecoin that most less tech-savvy people tend to overlook. After all, the concept looks appealing, but can its creators back up any of their initial claims?

That is where the Onecoin project falls apart almost immediately. While it is true investors will see their account balance update over time, that does not necessarily mean they own said funds. In fact, until they request  a payout from Onecoin, they will never control their profits or original investment ever again. Moreover, the account balances one sees update every so often is nothing more than a number in the Onecoin site database being changed, even though it has no value whatsoever.

Moreover, the Onecoin team claims they have made a digital currency, which is issued over a blockchain. So far, there has been no proof of a Onecoin blockchain, simply because it doesn’t exist. Nor will it ever come to fruition either, as the project team has no idea on how they would create such a technological marvel in the first place. It is evident Onecoin is not even a currency with proper use cases, other than the ones provided by the Onelife network. No one has ever been able to buy food or pay a bill with Onecoin directly, that much is certain.

1. BITCOIN

Which brings us to bitcoin, the so-called “inferior currency to Onecoin”, according to some of the platform’s investors. In fact, one can argue bitcoin is everything Onecoin is not and vice versa. Unlike the scammy counterpart above, bitcoin is an actual currency that can be used around the world without requiring approval from a centralized company that has no honest intentions whatsoever. It is rather interesting the OneLife network does not accept bitcoin payments, nor does any other merchant around the world accept Onecoin payments.

Moreover, bitcoin is a digital currency, as it does not merely exist in one website’s database. The entire world can see bitcoin transactions take place in real-time without having to install special software to do so. Onecoin transactions, on the other hand, have never been publicly documented. This begs the question whether or not there is any value to the Onecoin “currency” in the first place, considering it has no use cases.

Speaking of use cases, thousands of merchants and retailers around the world are accepted bitcoin payments as of right now. Both online and offline purchases can be completed with bitcoin. Additionally, there are also bitcoin debit cards, whereas Onecoin has no debit card whatsoever. That is quite surprising, considering the value of Onecoin seems to increase every so often. Striking a deal with a credit card issuer would not be all that hard in this regard. Then again, bitcoin has a value, and Onecoin does not, which explains why no card issuer wants to deal with Onecoin right now.

Chris Corey MarketHive Chief Marketing Officer

 

author: Jdebunt

JP Buntinx is a FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers, and he aims to achieve the same level of respect in the FinTech sector.

 

 

TP

German Finance Watchdog Shutters OneCoin Payment Processor

German Finance Watchdog Shutters OneCoin Payment Processor

Germany's top finance regulator has moved to shut down a payment processor tied to the OneCoin cryptocurrency scheme, a digital currency service that has faced widespread allegations of fraud.

The Federal Financial Supervisory Authority (BaFin) said on 10th April that it was freezing the accounts of IMS International Marketing Services GmbH, which is registered in Germany.

According to BaFin, the firm accepted €360m on behalf of OneCoin between December 2015 and December 2016. Of that amount, €29m is being held in the accounts frozen by the regulator.

The agency went on to threaten financial penalties in excess of €1m, going on to say:

 

"In case IMS should not abide by the order to cease business, BaFin threatened to impose a coercive fine of €1.5m; for non-compliance with the winding-down order, it would impose a coercive fine of €150,000. By law, the administrative acts, including the threats of coercive fines, are immediately enforceable."

With the move, BaFin becomes the latest regulator in Europe to take action against elements of the OneCoin scheme.

OneCoin is a multi-level marketing scheme that pitches an eponymous digital currency as an investment opportunity. Prospective buyers purchase batches of tokens which can then be redeemed online, though those involved are strongly encouraged to find buyers of their own – a characteristic that lends itself to accusations that OneCoin is a pyramid scheme.

In the past year, regulators in several African countries have warned consumers about local efforts by OneCoin to solicit investors. In the UK, London police have been investigating OneCoin since as early as September, while in Italy, regulators moved last month to prohibit promotional efforts for OneCoin by local proponents.

Notably, BaFin made it clear in a statement that it was moving against the firm due to unlicensed money activities rather than the legality of sales of OneCoin tokens.

"BaFin does not have the right to decide as to the validity under the civil law of the 'OneCoins' sales contracts. It may therefore not answer questions of this nature," the agency said.

Chris Corey CMO MarketHive Inc

 (@mpmcsweeney) | Published on April 18, 2017 at 14:00 BST

Closed sign image via Shutterstock

TP

Bitcoin is roaring back

Bitcoin is roaring back

Bitcoin is higher for a second straight day on Tuesday, trading up 5% at $1,093 a coin as of 10:33 a.m. ET. The tw0-day win streak has tacked on about 13%, rebounding from a slump over the weekend that followed a Wall Street Journal report that the cryptocurrency's developers were threatening to set up a "hard fork," or alternative marketplace for bitcoin.

The new platform would be incompatible with the current platform, thus creating a split and two versions of the currency. That news sent bitcoin crashing 20% over the weekend to about $950 a coin, its weakest since January.

2017 has been a volatile year for the cryptocurrency.

It gained 20% in the first week of the year after soaring 120% in 2016 to become the top-performing currency for the second year in a row.

Bitcoin then crashed 35% on news that China was going to consider clamping down on trading.

But it managed to rip higher by more than 50% even in the face of several pieces of bad news.

First, China's biggest bitcoin exchanges said they were going to start charging a 0.2% fee on all transactions (previously there was no fee). Then, China's biggest exchanges said they were going to block withdrawals from trading accounts.

Still, bitcoin put in a record high of $1,327 a coin on March 10 as traders piled in ahead of the US Securities and Exchange Commission's ruling on the Winklevoss twins' bitcoin exchange-traded fund. The SEC denied the ETF, sending the price crashing by 16%. Bitcoin, however, managed to quickly recover those losses.

Two more SEC rulings are on the way, the next being March 30. Neither one is expected to pass.

Thomas Prendergast
Founder and CEO
Markethive Inc.

 

 

TP

Bitcoin Price Can Climb Far Above $13,000

Bitcoin Price Can Climb Far Above $13,000: Factors & Trends

Clif High’s estimation that three ounces of gold would be equal to a Bitcoin in price by this time next year remains a bizarre proposition that is not impossible to achieve.

In a way, a predicted Bitcoin price rise from a meager $1180 to more than $13,000 seems attractive and the technicality of how that would be the case defies common understanding of the law of demand and supply. It could be a repeat of the 1979/1980 scenario.

This link to a historical event particularly fits in with the fact that High’s data sets have been proven accurate in other instances and his latest estimate show that Bitcoin price would be hinged on the rising price of gold – from $1206 today to about $4,800 by March next year, about a 300 percent increase.

Working it out

Between 1978 and 1979, the price of gold recorded more than 120 percent growth from $207 to $455, the highest in its history, due to high inflation because of strong oil prices, Soviet intervention in Afghanistan and the impact of the Iranian revolution, which prompted investors to move into the metal.

By January 1980, gold hits record high at $850 per ounce though for a while as investors seek safe haven – that’s a 310 percent increase between 1978 and January 1980.

Figuring out the total amount of gold that has ever been produced is hard. However, going by rough estimates, there are approximately six bln ounces of gold available – that is 375 ounces of gold to one Bitcoin in terms of production if we are to go by the fact that about 16 mln Bitcoins have been mined so far.

Its production rate does not necessarily translate to a higher price for either even though the number of ounces to be extracted later are unknown and it is certain that there could only be a finite 4.8 mln Bitcoins more to be mined in the next 123 years according to its whitepaper.

Other strengthening factors

One Bitcoin would be harder to get than an ounce of gold even as interest in the pricing arrangement of both commodities is increasing. Though they both show the potential to become more valuable with time, the catch-up Bitcoin played recently has cast doubt on the outlook for gold as the future’s main store of value. More so, until last year, the price of gold slide for the previous three years.

Somehow, the argument that either gold is overpriced or Bitcoin is undervalued is already adding a twist to the discussion. Different opinions are being formed as the common knowledge that Bitcoin’s value has been growing as well as the understanding of its usefulness has been improving among more people from various sectors.

Coupled with its thinning supply which has been influencing its price and the fact that it could be considered advantageous over gold in several ways including cutting out shady bank practices – though its reliance on electricity and the Internet is still a key argument that has been made against it, a sudden surge could not be overruled.

More of the growing millennials who choose to look in its direction are finding Bitcoin handy and easier to relate with more than gold despite its intrinsic value, its tangibility and its record centuries of existence.

Bitcoin is decentralized, easily moved, harder to counterfeit and gets increasingly difficult to mine over time. These basic features which have been spreading more, stand to favor Bitcoin even to make its price climb far above High’s estimate of $13,000 and its market cap correlatively increase to as much as $40 bln or more in a 12-month period.

Millionaires will be made.

Come join us as we build to make millionaires in this revolution. Check the calendar for weekly webinars. Join me in The Coin Club. It cost you nothing. You are only depositing your Bitcoin, (to withdraw later), watching the system grow your coin and the commissions you also receive when others deposit into the system below you. Pretty cool.

https://office.tradecoinclub.com/register/infinitycoin

Thomas Prendergast
Founder and CEO
Markethive Inc.

TP

Why Bitcoin Didn’t Need an ETF to Begin With

Why Bitcoin Didn't Need an ETF to Begin With

The Bitcoin community doesn’t seem to be bothered by the US Security Exchange Commission’s decision to disapprove the Winklevoss twins’ Bitcoin ETF COIN like many analysts expected. The market’s stability after the denial of the COIN ETF led to discussions on why Bitcoin didn’t need an ETF to begin with.

<video>

Why SEC disapproved the ETF and why Bitcoin didn’t need it

Bitcoin is one of the only currencies or networks in existence which facilitates payments between two users with the absence of a mediator or a network administrator. Within Bitcoin, regulations are non-existent and manipulation-free transactions can be made, regardless of the amount or the size of the transaction.

While Bitcoin wasn’t necessarily designed to replace fiat money, it was introduced in 2009 to serve as an alternative to the global financial structure and ecosystem. Satoshi Nakamoto, the creator of Bitcoin, wanted to present a cash-like settlement network in which users aren’t required to undergo impractical and inefficient settlement processes in order to send and receive money from one another.

Over time, Bitcoin as a decentralized technology evolved, with the work of the Bitcoin Core development team as well as Bitcoin’s global and open source development team of contributors. The Bitcoin network’s hash power began to secure the network from external attacks and welcome tens of millions of new users into the network.

As Bitcoin and security expert Andreas Antonopoulos notes, the truly decentralized, transparent and secure financial network of Bitcoin is beginning to replace the financial industry and provide the general public with a low-fee and faster financial network.

Before considering the fact that hundreds of millions of dollars and potentially billions of dollars could have been poured into Bitcoin as a result of the approval of the COIN ETF, it is important to ponder the purpose of Bitcoin as a financial network. Its real purpose within the global financial frame is to allow people to make peer-to-peer payments amongst each other, not to gather large investments within a highly and tightly regulated market.

Antonopoulos stated:

“If you measure Bitcoin's success by the approval of the incumbent and obsolete industry it replaces, you're doing it wrong.”

SEC’s disapproval is confirmation that Bitcoin is a decentralized network

Two main arguments presented by the SEC in their disapproval of the COIN ETF were that the SEC can’t protect investors from losses made while trading Bitcoin and that the Bitcoin network can’t be surveilled as easily as others.

Since the Bitcoin network completely eliminates the possibility of recovering transactions or refunding payments, it forces users to be more responsible. On PayPal for instance, a centralized financial network, users can ask network moderators if they mistakenly sent incorrect transactions or processed payments to the wrong receiver. Within the Bitcoin network, no such administrative team exists and users are solely responsible for their money and transactions.

If the SEC needs to guarantee investors and traders with an insurance policy, which basically means that when Bitcoins are lost or stolen or mistraded, the SEC should be responsible for protecting investors from any losses, it is highly unlikely that a Bitcoin ETF will never be approved by the SEC.

The official document of the SEC read:

"As discussed further below, the Commission is disapproving this proposed rule change because it does not find the proposal to be consistent with Section 6(b)(5) of the Exchange Act, which requires, among other things, that the rules of a national securities exchange be designed to prevent fraudulent and manipulative acts and practices and to protect investors and the public interest."

The SEC nor any other government organizations shouldn’t be responsible for protecting investors from making independent financial decisions. Also, it is almost impractical to introduce a highly regulated market to Bitcoin if Bitcoin was designed from the start to replace regulated markets and inefficient financial systems.

Millionaires will be made. Come join us as we build to make millionaires in this revolution. Check the calendar for weekly webinars. Join me in The Coin Club. It cost you nothing. You are only depositing your Bitcoin, (to withdraw later), watching the system grow your coin and the commissions you also receive when others deposit into the system below you. Pretty cool.

https://office.tradecoinclub.com/register/infinitycoin

Thomas Prendergast
Founder and CEO
Markethive Inc.

TP

Yale Lecturer: Bitcoin is No Bubble, Long-Term Outlook is Bright

Yale Lecturer: Bitcoin is No Bubble, Long-Term Outlook is Bright

Is bitcoin’s historic rise headed for a major fall? Vikram Mansharamani, author of “Boombustology: Spotting Financial Bubbles Before They Burst” and a lecturer at the Harvard John A. Paulson School of Engineering and Applied Sciences at Yale University, analyzed the likelihood of a new bitcoin bubble in his LinkedIn post. Using five “lenses” he has developed, he concluded that bitcoin’s long-term outlook is positive.

Mansharamani noted behavioral and informational issues distort price at any point in time, but such distortions tend to disappear since supply and demand markets are basically efficient.

This might not always be the case, he observed. Higher prices could actually increase demand, according to George Soros’ Theory of Reflexivity. Soros holds that prices can trend away from equilibrium, creating booms and busts.

Higher Price Raising Demand?

At present it is not clear if a higher bitcoin price has brought more demand, Mansharamani observed. On one hand, rising interest tends to drive up prices. At the same time, bitcoin trade volume has not increased with prices. While trade volume is not a good demand indicator, it does reflect activity. Lense 1: half a point.

Another bubble sign is the presence of leverage pushing higher prices. It is not clear if bitcoin prices are bubbly. There is no sign of leverage driving prices. There are no futures contracts enabling large exposure with little collateral or options providing de factor leverage.

The amount of debt supporting fiat currencies is an indicator. Traditional currencies are getting debased worldwide. Cryptocurrency offers a non-printable currency like gold. Lense 2: zero.

Psychological Factors

Psychology is another factor. When people assume the belief that “it’s different this time,” it’s time for buyers to beware. Asset prices never increase indefinitely. Bitcoin is no different in this regard.

Agreement exists that cryptocurrencies are in vogue and offer freedom from authoritarian manipulation. Mansharamani noted Peter Thiel has acknowledged that PayPal did not create a new currency, but a new payment system, whereas bitcoin has provided a new currency.

Bitcoin has its dedicated advocates. Internet analyst Henry Blodget and CNBC commentator Brian Kelly have delivered highly optimistic forecasts for bitcoin’s value. Lense 3: check.

Political Considerations

Politics is yet another consideration, including both moral hazards and regulations. Regulations can distort prices of any asset by artificially raising or undermining supply or demand.

As an example, political considerations delivered regulations that encouraged people in the U.S. to buy houses. Buyers had Fannie Mae or Freddie Mac to fall back on.

Bu there are no artificial government interventions supporting bitcoin prices. Regulators, for their part, are trying to discourage bitcoin. Governments, however, can’t do much more than temporarily impact the price of bitcoin, as was the case when China recently tried to control bitcoin trading.

There are no signs of moral hazards surrounding bitcoin. The people who lost millions when Mt. Gox filed for bankruptcy did not get bailed out. Bitcoin market players are buying with open eyes and are aware of the risks. Lense 4: zero.

Bitcoin Not Yet Widely Held

In comparing investment hysteria to a spreading fever, the variables of concern include the infection rate, the removal rate and importantly, the portion of the population not yet affected. The last metric can be seen as the fuel available to keep the fever spreading. Once it runs out of victims, the fever’s over. New demand disappears and prices fall.

The number of potential bitcoin buyers is big. The market capitalization at $20 billion is minuscule compared to its potential. A recent Twitter poll found that 49% plan to buy bitcoin while 22% said they were “max long” on bitcoin or “curious.” Bitcoin is not as widely held as it could be. Lense 5: zero.

In reviewing all five factors above, Mansharamani said the likelihood of bitcoin being a certain bubble only registers 1.5 out of 5 possible points. The stage could be set for it to become a bubble, but it is not yet there.

Short-term price corrections are always possible, but the long-term outlook for blockchain enabled currencies is positive.

Millionaires will be made. Come join us as we build to make millionaires in this revolution. Check the calendar for weekly webinars. Join me in The Coin Club. It cost you nothing. You are only depositing Bitcoin, watching the system grow your coin and the commissions you also receive when others deposit into the system below you. Pretty cool.

https://office.tradecoinclub.com/register/infinitycoin

 

Thomas Prendergast
Founder and CEO
Markethive Inc.

TP

HOW YOU CAN SUCCEED WITHOUT RECRUITING!

Now You can Succeed Without Recruiting

 

Customer Centric will be the huge disrupter this year in the MLM marketplace. We all experience "The Hopes and Dreams" in the pitch. A new stunning product, backed up by anecdotal testimony, a patented new comp plan, etc. (hype) Designed to excite (swindle) you on how many distributors you can recruit.

The best of us and the struggling, all know too well, that a distributor based organization never lasts. Because those on your leading edge, are distributors not making money. If the product is truly wholesale and can be sold at a profit in the retail markets, then many just buy and sell, but that is another facet of being "Customer Centric" and rarely happens in the current state of affairs in MLM.

I know this. I have been there. But I have also experienced Customer oriented opportunity and that was and is going to again be Trivita.

When you can join a company and make money without recruiting more distributors, then that is a company the average human can embrace and experience success. And that is exactly what Trivita did and is preparing to do again, in a way bigger way.

Customer Acquisition is not just a term I toss around lightly. I am serious about the implications it will have on the MLM industry. Once a company really launches true customer centricity, it will be a total game changer. It will drive many MLMs into bankruptcy or at least obscurity. It will be the biggest phenomena and totally change the playing field.

If you are involved in building an income via an MLM company, are you at risk? Chances are you are.  Ask yourself a few simple questions. Are you buying the product to be able to engage the opportunity? Do you have less than 50% (real) customers outside the opportunity? Are you on auto ship to receive commissions? If you answered yes to any of these questions, you are at risk.

Let me digress a bit here. The FTC has rules on the books and is getting serious about enforcing the customer distributor rule.

IE
Not all multilevel marketing plans are legitimate. If the money you make is based on your sales to the public, it may be a legitimate multilevel marketing plan. If the money you make is based on the number of people you recruit and your sales to them, it’s probably not. It could be a pyramid scheme. Pyramid schemes are illegal, and the vast majority of participants lose money.

https://www.ftc.gov/tips-advice/business-center/guidance/multilevel-marketing

Kevin Thompson assesses the Herbalife FTC settlement.

Therefore if you cannot easily build a customer base, automated sample fulfillment from the back office, ability to just buy the customers the company produces with their own infomercial, based on a product retail customers want, producing at least an equal balance of customers to distributors, then that company is not only doomed, but is getting in line for the FTC to shut them down and throw the owners and leaders in jail.

Imagine how easy it will be to build a long term business that produces as much income as you want, by just buying customers. Imagine the reaction other potential distributors will display with a HUGE sigh of relief. Imagine health products that are “patented”, exclusive, double blind tested and compliant with the FDA. Imagine a leads program on top of the customer acquisition program that have been interviewed for health products, that respond positively to you were as you can easily send them samples, marketing material and follow ups via Trivita’s back office sample program.

This is the way it should be done and Trivita is going to turn the entire MLM industry UPSIDE DOWN.

I have been a “Distributor” with Trivita since 2001 and have earned over $1 million in commissions. Several years ago Trivita shut down the MAPS program (Where we used to buy customers for the B12 and Nopalea Juice). Trivita went about retooling and are now about to relaunch with state of the art marketing, customer acquisition, lead production and automated sample fulfillment. Many distributors are already preparing to invest several millions into the customer acquisition.

Do not miss this launch. This time around I will build a massive organization and we will all be able to have 6 figure incomes next year. PAY ATTENTION!

Get pre enrolled here: https://www.trivita.biz/default.aspx?tref=11214445

Look for our Webinars. Get ready to build a legacy business that will be your last business and last the rest of your life.

 

Thomas Prendergast
CEO and Founder
Markethive, Inc.

 

 

 

TP

Is the boom of bitcoin a bubble that’s about to burst?

Is the boom of bitcoin a bubble that’s about to burst?

The rapidly rising price of bitcoin is leading many to question if the digital currency’s boom is about to bust. Strategist Peter Schiff, for instance, recently warned “today’s bitcoin could be tomorrow’s beanie babies.” As of this writing, bitcoin is up almost 30 percent in the past month and over 100 percent in the past year. It has been hitting new highs on an almost daily basis and recently crossed the $1,200 mark. So is there a bitcoin bubble about to burst?

As of this writing, bitcoin is up almost 30 percent in the past month and over 100 percent in the past year … So is there a bitcoin bubble about to burst?

To try to answer this question, let’s apply the framework for spotting bubbles that I articulated in my 2011 book, “Boombustology: Spotting Financial Bubbles Before They Burst.” The approach is based on the application of five lenses and generates a probabilistic assessment of a forthcoming bust.

Most mainstream economic theories utilize a supply and demand driven price determination model that generally results in prices tending toward equilibrium. I say “tending” because most serious scholars admit that behavioral and informational issues can distort the price at any one point in time, but there exists an overarching belief that such distortions are rapidly ironed out. Markets are, according to this view, basically efficient. Higher prices dampen demand, and lower prices disincentivize supply.

But what if that’s not true? What if higher prices increase demand? Such a dynamic might arise for many reasons, but one eloquent explanation is the “Theory of Reflexivity,” as proposed by George Soros. Although it has many subtleties beyond the “self-fulfilling” logic that many ascribe to it, the underlying implication is that prices can and do tend away from equilibrium. The result: booms and busts.

So has the higher bitcoin price been accompanied by higher demand? It’s unclear. The evidence is mixed. On the one hand, it sure seems that as news about and interest in bitcoin rises, so does its price. It’s been seen as a safe-haven asset during times of elevated geopolitical, financial or regulatory risk and may even attract price-insensitive buyers at those times. But on the other hand, the volume of trading has not gone up as prices have. And while volume is at best a crude proxy for demand, it tells us about the general activity level. Lens one: half-check.

Another telltale sign of a bubble is the presence of significant leverage supporting lofty prices. And while it’s unclear if bitcoin prices are bubbly or not, I don’t see any evidence that leverage is fueling the potentially elevated prices. There are no futures contracts that enable large exposures with minimal collateral. There are no options that provide de facto leverage. Sure, some investors may be utilizing other collateral to secure credit that is in turn used to buy bitcoin, but this is impossible to track.

Another telltale sign of a bubble is the presence of significant leverage supporting lofty prices.

But more importantly, perhaps, we can look at the amount of debt that has been holding up many of the countries that back traditional fiat currencies. (Hint: it’s not a small number!) In addition, the fact that printing presses around the world continue to print more and more money implies that traditional currencies are being debased at an alarming rate. With a fixed algorithmic release of additional bitcoins into the market and a cap on the total number that will ultimately be issued, the cryptocurrency represents a non-printable currency (similar in this respect to gold). Lens two: blank.

Overconfidence and new-era thinking are the hallmarks of my third lens, psychology. Whenever individuals develop a devout belief that “it’s different this time,” buyers beware. It is rarely different, and asset prices have never risen indefinitely. Rather, they generally go up and down, and in this regard, bitcoin prices are no different.

It’s also clear that there is increasing agreement that cryptocurrencies are the “new new thing” and offer the promise of freedom from authoritarian manipulation of monetary instruments. Even investor Peter Thiel noted the promise of bitcoin by highlighting his own failure: “Paypal had these goals of starting a new currency. We failed at that, and we just created a new payment system. I think bitcoin has succeeded on the level of new currency.”

And like gold bugs, bitcoin believers tend to exhibit religious conviction in the cryptocurrency’s ability to store value. They often go further, suggesting the amazing upside potential they exhibit. Internet analyst Henry Blodget has even suggested bitcoins could be worth $1 million per coin. In fact, CNBC’s Brian Kelly described bitcoin as “not just digital gold … it is a once-in-a-generation investment opportunity, similar to the internet, growing just as fast, if not faster … it’s the internet of money.” Lens three: check.

My fourth lens is politics, broadly defined to include both regulations and moral hazards. As with any asset, regulations can distort prices by either artificially increasing or dampening supply or demand.

Just think of what happened when political motivations to increase home ownership in the United States nudged more and more people into houses. Without the political incentives, prices may not have risen as handsomely as they did during the housing bubble. Further, the moral hazard endemic in the use of government sponsored mortgage finance enabled lenders to play a game of “heads I win, tails you lose.” If loans worked out, the lender profited. If it didn’t, Fannie Mae or Freddie Mac bore the losses.

When it comes to bitcoin, are there any artificial government interventions that are supporting bitcoin prices? No. On the contrary, regulators are trying to discourage interest in bitcoin. Just look to China, where its major bitcoin exchanges were effectively shut down last month by government officials. But as noted by Elaine Ou in Bloomberg View, “even China can’t kill bitcoin.” Bitcoin prices briefly fell upon the news, but quickly recovered and marched higher. They’re up more than 25 percent in the three weeks since China tried to control trading.

And when it comes to moral hazard, there are no signs of it in bitcoin land. No one bailed out those who lost millions when bitcoin exchange Mt. Gox filed for bankruptcy. No regulator prevented or intervened to manage the governance disputes that arose on the bitcoin algorithm. Many bitcoin market participants are transacting with open eyes, fully aware of the risks of doing so. There is no FDIC protection, no Federal Reserve put. Lens four: blank.

Kolin Burges, a self-styled cryptocurrency trader and former software engineer who came from London, holds a placard to protest against Mt. Gox. Tokyo-based Mt. Gox was a founding member and one of the three elected industry representatives on the board of the Bitcoin Foundation. Photo by Toru Hanai/Reuters

An application of epidemic logic to the study of financial bubbles can help gauge the relative maturity of manias. If we analogize an investment hysteria to a fever or flu spreading through a population, the variables of concern to us would include the infection rate, the removal rate, and perhaps most importantly, the percentage of the population not (yet) affected. The last metric can be thought of as the fuel available to keep the fire burning. Once we run out of people to infect, so to say, the party’s over. New demand will disappear. Prices will fall.

When it comes to bitcoin, the number of potential buyers (that is, those still vulnerable to infection) is very large indeed. To begin, it’s not particularly easy to buy bitcoin, and that’s deterred institutional investors. Specialized exchanges, online wallets and the need to protect private keys create huge friction in transactions, keeping many potential bitcoin buyers away. There isn’t an ETF, at least not yet. Stay tuned, however, as an ETF is in the works. And if approved (we’ll know more later this month), the Wall Street Journal notes it might generate a buying frenzy with up to $300 million of inflows during the first week alone, a volume that dwarfs the currently traded daily value of any bitcoin exchange.

And with a current market capitalization of around $20 billion, the bitcoin market is miniscule relative to its potential. Consider that the value of privately held gold is in the trillions of dollars or that the global remittances (a potential use for cryptocurrencies like bitcoin) currently tally into the hundreds of billions of dollars. The bottom line is that bitcoin just isn’t as widely held or used as it could be. There is still an enormous population of potential buyers waiting on the sidelines. And in a recent Twitter poll conducted by investor Mark Hart, only 22 percent of respondents indicated that they were “Max Long” bitcoin, with 49 percent “Planning to buy/add” or “Curious.” Lens 5: blank.

So on my five-point scale, with five being a “virtually certain bubble likely to burst imminently,” bitcoin only registers one and half points. On the margin, this means that the stage may be set for it to become a bubble, but it doesn’t appear to be one yet. It may one day become a full-blown bubble with high bursting risk, but the evidence doesn’t suggest we’re there yet. Recall that government attempts to contain bitcoin have failed, anointing the cryptocurrency with a “forbidden fruit” status and driving new demand.  Or that the possibility of an ETF or other investment instrument may emerge to ease the frictions of purchasing bitcoin.

While short-term price corrections are always possible, there are compelling reasons to believe the long-term outlook for blockchain-enabled currencies like bitcoin is bright.

And the promise of smart contracts inspires visions of unprecedented demand for digital currencies. In fact, just yesterday, a collection of large companies including Microsoft and JP Morgan announced they would be forming the Enterprise Ethereum Alliance. Ethereum is a distributed computing platform based on blockchain technologies that features the ability to design smart contracts. The cryptocurrency native to Ethereum is ether, and it’s been called “the hottest new thing in digital currency.” As the standard-bearer for cryptocurrencies, bitcoin will benefit from any attention ether generates. (Full disclosure: I own both bitcoin and ether.)

While short-term price corrections are always possible, there are compelling reasons to believe the long-term outlook for blockchain-enabled currencies like bitcoin is bright. If you’re looking for beanie babies, you best look elsewhere.

And the promise of smart contracts inspires visions of unprecedented demand for digital currencies. In fact, just yesterday, a collection of large companies including Microsoft and JP Morgan announced they would be forming the Enterprise Ethereum Alliance. Ethereum is a distributed computing platform based on blockchain technologies that features the ability to design smart contracts. The cryptocurrency native to Ethereum is ether, and it’s been called “the hottest new thing in digital currency.” As the standard-bearer for cryptocurrencies, bitcoin will benefit from any attention ether generates. (Full disclosure: I own both bitcoin and ether.)

While short-term price corrections are always possible, there are compelling reasons to believe the long-term outlook for blockchain-enabled currencies like bitcoin is bright. If you’re looking for beanie babies, you best look elsewhere.

BY Vikram Mansharamani  March 3, 2017


From Thomas Prendergast

I have become a serious advocate of the Blockchain. Bitcoin is the leading edge and as it rises it will create a vacuum behind it. Look at Ethereum.  It has risen exponentially right behind Bitcoin as well as almost all the crypto coins in the exchanges. This is why I promoted MCW (Now known as Infinity) because their technology is leaps and bounds above all other blockchains (and coins). It is only a matter of time for Infinity Coin (XIN) to start listing in the exchanges. As the Crypto blockchain advances and breaks into mainstream, huge fortunes will be made.

I am now invested in another tech op called "The Coin Club" where your Bitcoin deposits will easily receive greater growth by at least a factor of 10 than in traditional bank accounts (as well as the increased value on the open markets). And the system also rewards you with promoting the Coin Club with commissions from other new members that deposit Bitcoin into there.

I am promoting “The Coin Club” for many reasons. Awareness of Bitcoin has broken out of the exclusive club of engineers and Bitcoin culture and has recently entered into Main Stream awareness. Bitcoin is in another rally and with the potential assignment of the ETF to Gemini (Winklevoss twins) offers a solid speculation of Millions of massive investment into Bitcoin potentially doubling tripling or more the current value of Bitcoin.

Therefor I highly recommend setting up a Gemini account ASAP. Go to http://gemini.com. There are limits to territories they cover and other alternatives are the following:

  1. Kraken:https://www.kraken.com/
  2. Genesis: https://genesistrading.com/
  3. Coinbase: https://www.coinbase.com/join
  4. Bitstamp: https://www.bitstamp.net/
  5. List of exchanges: http://www.toptenreviews.com/money/investing/best-bitcoin-exchanges/

Once you have Bitcoin or already have Bitcoin, then join “The Coin Club” were automated trading will increase your coin investment, where you will find your coin nest grow. Promote the system and receive additional Bitcoin commissions from your downline. Many people in The Coin Club are making 10-5- Bitcoins per mo9nth in commissions. Do not discount this system. There are many people I know who are moving millions of Bitcoins into the Coin Club because the trades represent substantial growth that5 eclipses traditional banks and investments.

Especially as Bitcoin climbs to numbers into the $10’s of 1000s, do not doubt it. 1000s of experts and pundits are convinced Bitcoin will reach 1 million dollars a coin within years.

Please do not hesitate. It sucks to not pay attention and regret not taking this serious.

The Coin Club
https://office.tradecoinclub.com/register/infinitycoin

Thomas Prendergast
CEO and Founder
Markethive Inc.

 

TP