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The Biggest Influencers of Bitcoin Price in 2016

Can the surge continue? A review of bitcoin’s 2016 performance indicates the cryptocurrency’s fundamentals are such that the party is far from over.

With incoming U.S. President Donald Trump promising a fiscal spending binge that could push the $20 trillion U.S. debt even higher, the fundamentals that have served to more than double bitcoin’s price this year could deliver even greater gains in 2017.

A combination of events, beginning with bitcoin’s popularity as a hedge against increasingly volatile markets, set the stage for a repeat performance in 2017, if not better.

The cryptocurrency began 2016 trading at $428 and hit $928 by the end of December, a 114% gain. Growth was not uniform, but momentum accelerated in the fourth quarter. Bitcoin gained 25% in value since the beginning of December alone.

It was also the best-performing currency this year, outpacing the U.S. dollar and the Israeli shekel.

A Weak Beginning

The year did not begin on a positive note when Mike Hearn, a bitcoin developer, announced he was leaving bitcoin, claiming its fundamentals were broken and the long-term price outlook was negative. He claimed the system was controlled by a handful of people and the network was on the brink of collapse.

The market did not react favorably to Hearn’s pronouncements, which yielded the most damning media coverage the cryptocurrency had ever experienced. The price tumbled around 15% after his departure.

But recovery was evident by February. Some observers postulated that Hearn’s real motivation for exiting bitcoin was the lack of support for his solution to bitcoin’s scalability challenge, BitcoinXT.

Financial adviser Martin Tillier observed that the very issue that drove Hearn’s departure – the need for a more scalable bitcoin network – was the result of a very positive underlying fundamental – its growth as a currency.

Signs of bitcoin’s ability to hedge against other markets were already evident in late 2015. The price rose to just below $500 after the U.S. Federal Reserve Bank raised its fund rate by 25 basis points in late 2015. Bitcoin’s price tracked the U.S. dollar rally against other fiat currencies.

It didn’t take long for Tillier’s predictions to materialize.

Pricing Surge Began Early

The weak start of the 2016 stock market demonstrated bitcoin’s use as a hedge against more volatile investment options. Bitcoin was one of the few winning investments in the worst first week of the year for U.S. stocks in early January. The Dow Jones Industrial Average and the S&P 500 had their worst first weeks in history. Bitcoin, gold, the yen and natural gas were in growth modes.

The price in January surged over $20 in a 10-hour period to scale beyond $450.

The climb did not occur in a straight line, however.

After hitting a low of $360 in January, the price rebounded past $400 in February.

In another article, Tillier observed that bitcoin’s price hikes in previous years were mysterious, but the current one can be traced to the devaluation of China’s currency.

Because there is a logical reason for the price surge, the market is acting as a forward discounting mechanism and some degree of appreciation is now built into the price, Tillier noted. In addition, the interest from traders combined with the ability to short the currency allows the market to check upward spikes naturally, simply by attracting sellers.

The Scalability Factor

The network scalability issue remained a background theme.

In February, Bitcoin Classic released code that could double the bitcoin block size, offering a solution to the scalability issue. Bitcoin Classic, however, drew controversy within the developer community, which investors naturally noticed.

Those seeking to increase the maximum block size from 1 MB to 2 MB claimed that it is necessary to keep transaction costs down and continue the growth of the system.

Those against the increase said questions surrounding a hard fork, which can occur when non-upgraded nodes cannot validate blocks created by updated nodes that follow updated consensus rules, had not properly been addressed.

The Classic camp, consisting of entrepreneurs, wanted a more immediate fix to expanding the network by increasing the block size. The Core camp, consisting of miners, didn’t want to increase the block size since some miners would be less likely to earn mining rewards.

Mining pools representing at least 70% of the total hashing power of the bitcoin network and some of the largest bitcoin exchanges said they would not support Bitcoin Classic or any “contentious hard-fork.”

The release of the code for Segregated Witness in April, an upgrade to the bitcoin protocol designed to enable more transactions within a single block of the blockchain, pushed bitcoin’s price past $460. Segregated Witness fundamentally removes signatures from the transaction, thereby compressing transactions within blocks to leave more space for transactional data. This would serve as a less drastic, soft fork.

Market Forces Converge

The scalability debate did not undermine investor confidence and had less bearing on bitcoin’s price than its growing reputation as a safe asset in a tumultuous global market. Pricing activity was stable during February, March and April.

The U.S. Federal Reserve Bank’s 2016 rate increase announcement in March had little impact on bitcoin. Half the market passively accumulated via limit orders placed just below price while the other half actively sold at market.

The U.S. dollar, by contrast, weakened while but gold jumped nearly $30.

The Fed cited a weak global economy as the reason for its decision and forecasted two more hikes, fueling a desire for safe assets.

Global political events, meanwhile, worked in bitcoin’s favor, beginning with the June U.K. Brexit referendum. The surprise referendum sent markets reeling. After the U.K. pound (GBP/USD) dropped to $1.32, the U.S. dollar and gold rallied while bitcoin achieved a $140 one-day gain.

Around this same time, rumors indicated Steam, the global online gaming store and distributor, was preparing a bitcoin implementation as a payment method to its base of some 125 million active users.

In June, the price soared beyond $570, reaching a near two-year high.

A Setback Strikes

The climb was not over, but it was not uniform.

The price crashed in August after the Bitfinex exchange suffered a security breach that led to the theft of an unconfirmed number of bitcoins. The exchange announced it was shutting down its website in ominous signs reminiscent of Mt. Gox. The attack led some to believe the industry had not come up with a way to ensure security.

But the naysayers would again be proven wrong.

Bitfinex got back online after advising users that they would lose 36 percent of their assets. The exchange levied a 36% price on all of its users, whether or not they were victimized individually by the hackers.

The Bitfinex theft quickly sent bitcoin price tumbling.

Bitfinex delivered a blow, but the market began a gradual recovery that gained momentum as fall approached. Some viewed the Bitfinex episode as proof that the bitcoin network is capable of withstanding negative events.

The price struck a new yearly high of $794.39 in mid-December as the currency’s fundamental strength became evident.

Bitcoin gained more value than all other currencies in 2016, driven by China’s crackdown on the yuan, isolationist rumblings in the U.S. and the U.K, and increasing acceptance by consumers and businesses.

By the time the price surged 79 percent since the start of 2016 to $778, it reached its highest level since early 2014, data compiled by Bloomberg. At that point, bitcoin quadrupled the gains posted by Russia’s ruble and Brazil’s real, the world’s top two hard currencies.

Mining Reward Halving: No Impact

When the halving of the bitcoin mining reward occurred in July, there were no price drops. Bitcoiners celebrated worldwide.

There was concern about miner profitability since miner rewards were cut in half from 25 to 12.5 bitcoins.

But the price resumed its upward trend. One factor noted at the time was the devaluation of the Chinese yuan, driving Chinese investors to bitcoin.

China’s role in bitcoin trading has emerged as a key factor in is price performance. The country accounts for more than 90% of the cryptocurrency’s trades, and has become a natural hedge against the devaluation of the yuan.

In January 2017, the foreign currency cap imposed by the Chinese government for the amount of foreign currency that a Chinese citizen can convert ($50,000) will be reset for the new year. Inevitably, the surge in capital outflows could weaken the yuan further, setting off a market reaction that could lead to further demand for safe value assets, which bitcoin is fulfilling a role as.

What’s Ahead?

Central banks may give up on qualitative easing and negative interest rates, but they are far from being finished with intervention and distorting the allocation of capital and the price of money, according to Steen Jakobsen, CIO at Denmark-based Saxo Bank. Hence, bitcoin’s role as a hedge against volatile currencies remains intact.

Meanwhile, the Trump-promised fiscal spending binge is expected to add to the approximate $20 trillion of U.S. national debt, tripling the current U.S. budget deficit from about $600 billion to $1.2 trillion to $1.8 trillion.

Could the Donald Trump presidency push bitcoin price higher?

The spending could cause U.S. growth and inflation to skyrocket, forcing the Fed to accelerate its hikes and the U.S. dollar to soar to new heights.

This could create a domino effect in emerging markets and China in particular, leading people globally to seek alternative currencies and payment systems that are not tied to central banks.

If the banking system, as well other nations such as Russia and China, moves to accept bitcoin as a partial alternative to the U.S. currency and the traditional banking and payment system, bitcoin’s price could hit $2,100 and beyond as the blockchain’s decentralized system, an inability to dilute the finite supply of bitcoins, and low to no transaction costs gains more traction and acceptance globally.

Images from Shutterstock.Chart from BitcoinChart.

Chris Corey 

CMO Markethive Inc

 

Lester Coleman on 29/12/2016​

TP

Bitcoin Latency Solved!

Bitcoin’s Big Problem: Transaction Delays Renew Blockchain Debate

Bitcoin is facing a major problem as the time it takes transactions to be processed has increased dramatically leading businesses to stop accepting the cryptocurrency and others to issue warnings that the problems could be terminal.

The problem is not something that has come out of the blue with those within the bitcoin community as well as researchers pointing to this looming issue for some time. The problem relates to how transactions are processed on the blockchain, the decentralized, distributed ledger technology that underpins bitcoin.

The average time it takes for a bitcoin transaction to be verified is now 43 minutes, and some transactions remain unverified forever. Some of the problem stems from the fact that anyone can add a fee to every bitcoin transaction, which bumps that transaction up in the queue, meaning that those who didn’t pay such a fee — or didn’t pay a sufficiently big fee — may be waiting hours and sometimes even days for a transaction to complete.

This is how it works. When someone uses bitcoin to pay for an item in a shop, that transaction needs to be verified on the blockchain. This is done by what are known as miners, individuals or groups who use massive computing power to solve increasingly complex mathematical equations to mine new bitcoins, which come in “blocks” and are mined about every 10 minutes. These blocks are used to record all transactions made on the bitcoin network, and have a maximum size of 1 megabyte (MB), meaning they can record just seven transactions per second at most.

To put this in context, Visa says its payment system processes 2,000 transactions per second on average and can handle up to 56,000 transactions per second if needed.

The result of the slowdown in transaction clearance rates has led some businesses to give up on bitcoin completely while others are recommending users to switch from bitcoin to alternative cryptocurrencies like litecoin.

The problem grew so large this week that at one point there were 40,000 bitcoin transactions waiting to be cleared — though at the time of writing, that figure has dropped to under 10,000. This drop has mirrored a drop in bitcoin’s dollar value this week, going from over $917 on Friday to under $863 yesterday, according to Gemini's tracker.

The bitcoin community has split into two distinct groups over the past years. The first group is known as Bitcoin Core, the network’s volunteer developers who want to change the way the signatures are stored on the blockchain rather than increase the size of the blocks. The other is known as Bitcoin Classic, a group comprised of developers and enthusiasts who propose the adoption of an alternative blockchain (incompatible with the original) that would increase the block size to 2 MB, a move it believes would increase user adoption.

Bitcoin’s architecture worked well when it was not widely used, but with over 200,000 bitcoin transactions processed every day and a market capitalization of over $14,588,828,445, the system is beginning to creak.

The problem was flagged up earlier this year  by one of the main developers of bitcoin over the last five years, Gavin Andresen, who told MIT Technology Review at the time that the problem with bitcoin’s limited transaction rate "is urgent."

"Looking at the transaction volume on the bitcoin network, we need to address it within the next four or five months,” Andresen said.

Then last January, another core bitcoin developer Mike Hearn penned a widely read missive on Medium, which declared bitcoin a failure. “[Bitcoin] has failed because the community has failed,” Hearn said. “What was meant to be a new, decentralized form of money that lacked ‘systemically important institutions’ and ‘too big to fail’ has become something even worse: a system completely controlled by just a handful of people in China.”

These concerns were backed up last month with the release of a research paper from a large group of researchers mostly affiliated with Cornell University, titled “On Scaling Decentralized Blockchain.” The research suggests that bitcoin would need a complete redesign if it is to support a much larger network of users and transactions.

In a blog post this week, Andresen said that the block size limits are there to protect the network from attacks — and so far that method has been effective. He added that the current problems could be highlighting an underlying problem. “In my view, people are using the block size limit for something it was never meant to do — to influence how people use the bitcoin blockchain, forcing some users off the blockchain,” he said.

It is time for a new evolved enterprise solution.

Enter the impending launch of a new type blockchain that is a POS (Proof of Stake) in contrast to Bitcoins POW (Proof of Work).  A truly exponentially expanded distribution that has no latency and gets even faster as it grows.

The technology is in the phone apps, not big cumbersome Mining Computer systems.

And this prevents the density of miners in one area or country as Bitcoin is mostly mined in China. And there are many reasons to have concerns in that regard.

A new type of Blockchain coin that delivers a wallet that transacts all fiat and crypto currency, comes with a VISA debit card and is part of the POS system, thereby earning you money on an ongoing basis.

MCC (My Crypto Coin)

Launches January 10th on to all the exchanges, it will be exciting to watch how this progresses.  MCC is in the final days of a Crowd Funding where you could fund at any level and find yourself holding a fortune as a result. Do not delay. Come to our meetings. There are only a few days left.

To get going join our group in Markethive
https://markethive.com/group/cryptocoin

Thomas Prendergast
Founder and CEO
Markethive Inc.

TP

Bitcoin has had quite a month, rising from $725 to a high of $911 today.

Bitcoin has had quite a month, rising from $725 to a high of $911 today.

Part of what is driving bitcoin's price movement is the financial turmoil in China. A weakening yuan in combination with increasingly strict capital controls in the country have driven investor's capital out of mainland china and into bitcoin.

Likewise, since the Chinese government considers bitcoin to be a commodity rather than a currency, it is impervious to foreign exchange regulators – meaning that it is nearly impossible for them to limit its upside.

But, in my opinion, China is only one of numerous reasons bitcoin has been rising.

The Trump effect as well and his embracement of the Blockchain apparent in his cabinet appointments as Kim Dotcom has also predicted Bitcoin to hit $2000 next year giving Trump much of the credit.

But, with it breaking out to all-time highs now, it begs the question, how high can it go?

Let's look at the total market cap compared to other money and sectors.

Bitcoin is currently near $14 billion of total market cap.  If you multiply the total amount of bitcoins available (currently just above 16 million) by its current price you get its market cap near $14 billion.

At $14 billion, bitcoin has nearly the same market cap as silver.

But, when compared to Bill Gates, with a worth of $75 billion, bitcoin is still worth much less than the world's richest man.

When comparing it to companies, like Apple, the world's highest market cap company at $620 billion, bitcoin is still only worth 2% of the value of Apple.

And, compared to the total value of all gold in the world of $7.8 trillion, bitcoin is only 0.17% of that value.

Gold is likely the most similar item to compare bitcoin to.  Like bitcoin, it is a store of wealth and considered by many to be money.

And given the ease of use of bitcoin and how digital the world is becoming, it is fair to posit that at some point bitcoin may be worth as much as gold.

If that were to happen the price of each bitcoin would have to be valued at $487,500.

Another item that could be compared to bitcoin is the value of all fiat money in the world.  It is estimated, by the CIA Fact book, that there is about $28.6 trillion of coins, bank notes and bank deposits in the world.

If bitcoin were to replace all fiat currencies, something in which we speculate is certainly a possibility, the value of each bitcoin would be worth $1,787,500.

Will that happen anytime soon?  Of course not.  Could it happen?  Absolutely.

So, if you think you have missed the boat on bitcoin by not buying it earlier… there are plenty of reasons to think that it hasn't even begun yet.

 

Will Latency Slow Bitcoin Rise

Yes bitcoin has doubled in value over the past year, however as more people turn to bitcoin then more miners are required to ensure transactions are completed quickly. China has a large share in mining pools, however in the past months some of them have been shut down for stealing electricity to power the computers required to solve the mathematics which builds blocks in the blockchain. the longer it takes to produce blocks the slower the transaction becomes.

There has been talk of fork to update the blockchain but there is no consences for this. Implimentation might also prove challenging due to its widespread distribution which perversly adds to it security.

Waiting in the wings is a new coin Mycryptocoin (MCC), which brings together the best of bitcoin and ether, but using Proof Of Stake(POS) to replace mining as all coins will be allocated at launch.

Smart contract and application can be run on the blockchain. Owners walletscan hold MCC and these can be bought and sold within the wallets with links to all other ccyptocurrencies, bank accounts, cards and other payments systems such as paypal. Truly a one stop wallet complete with its own Visa card.

Are you interested to join a brave new world, if so you are just in time to join an Initial Coin Offering (ICO) cloud funding project which is about to close.

MyCryptoWorld, has a lucrative offer at the moment which is going to be explained TODAY

Take the first step now by joining me at  https://markethive.com/group/cryptocoin

Then remember to come to our webinar today at 12 noon MT on Friday 23rd December (Use http://www.timeanddate.com/worldclock/meeting.html enter Denver as location 1 and your own location to check your local time)

Join our live Webinars Every Day: For times and Webinar logins on go to the Markethive calendar: https://markethive.com/calendar

Direct access to our webinar room is at: https://www.ivocalize.net/#room/TheHive

Thomas Prendergast
Founder and CEO
Markethive Inc.

TP

Trump Picks Cryptocurrency and Blockchain Advocate as Budget Chief

Trump Picks Cryptocurrency and Blockchain
Advocate as Budget Chief

Bitcoin Caucus co-founder Mick Mulvaney is the US'
next Director of Office of Management and Budget.

It seems the election of Donald Trump could spell great news for American blockchain startups and cryptocurrency users. President-elect Trump has added to his cabinet an active and vocal supporter of cryptocurrencies and blockchain which means that there will be at least one powerful voice in the US government that will resist further efforts to legislate the technology into oblivion.

Trump picked Congressman Mick Mulvaney, Tea Party Republican, as his administration’s Director of Office of Management and Budget. He is considered a staunch fiscal conservative that wishes to drastically limit the federal government’s spending on social programs.

Just this September he was among the founders of the bipartisan Blockchain Caucus. Commonly called the Bitcoin Caucus by American media, it is meant to help congressmen stay up to speed on cryptocurrency and blockchain technologies, and develop policies that advance them.

Mick Mulvaney

“Blockchain technology has the potential to revolutionize the financial services industry, the U.S. economy and the delivery of government services, and I am proud to be involved with this initiative,” Mulvaney said in a statement back then.

Mulvaney is also a supporter of Coin Center, a non-profit research and advocacy center focused on public policy issues facing cryptocurrency technologies, which raised over $1 million earlier this year.

“For the past two years we have worked with Representatives Mulvaney and Polis to educate their colleagues through briefings and other events, and the new Congressional Blockchain Caucus will be a wonderful new platform to continue these efforts,” Jerry Brito, executive director of Coin Center said at the time. “Their forward-thinking leadership on blockchain technology in Congress is unmatched.”

 

Thomas Prendergast
CEO
Markethive Inc.

Join our Bitcoin Group. Time is running out.

https://markethive.com/group/cryptocoin

TP

Bitcoin Will Rise to $2000 in January 2017

Bitcoin Can Rise to $2000 in January 2017

The Confirming Trends

Trump’s ascendancy will be confirmed in January – a time in which Kim Dotcom hopes to launch his Megaupload 2.0.

Saxo’s projected three-fold increase in the current price of the digital currency – currently at $760 – is similar to Dotcom’s prediction that Megaupload and its potential Bitcoin wallet Bitcache system could take the price of Bitcoin to $2000, based on the claim that the file sharing product would overcome Bitcoin’s scaling problems.

The anonymous cloud sharing, anti-surveillance, video hosting, Bitcoin-caching online service, that will serve the equivalent to the population of the Philippines (approximately 103 mln), is slated for a release in late January. Let’s hope he can pull it off.        

China to exceed growth expectations

On Dec. 1, China restricted the importation of gold in order to prevent capital leaving the country. The country still plans to regulate the importation of gold to avoid the Chinese yuan from leaving the country.

As a huge determinant of the eventual quasi-synchronization in price between Bitcoin and the yuan, the Chinese trading volume will correlate with the price of Bitcoin in the coming weeks even as the Chinese central bank and authorities struggle to recover the value of the yuan which has fallen 5.8 percent against the dollar already this year.

Saxo Bank notes that China is expected to exceed growth expectations in the coming years, adding that the country’s current slowdown has been predictable due to elevated investment levels of around 50 percent of GDP while total debt has swollen to an unsustainable 237 percent of GDP.

Through massive stimulus from fiscal and monetary policies, and by opening up capital markets even more, the country successfully steers a transition to consumption-intensive growth surpassing current expectations and reaching eight percent growth in 2017.

India is ready for Bitcoin

Bitcoin’s price increased following the recent demonetization of the Indian rupee. Following this, there were suggestions that the government could be planning a ban on the importation of gold as the precious metal reached two-year highs in November. This, coupled with the growing awareness of Bitcoin in the world’s second most populated country and the Indian government's resolve to work on Bitcoin and the Blockchain framework before 2018, could push it to a tipping point.

In its Payment and Settlement Systems in India: Vision-2018, the Reserve Bank of India notes that it will be monitoring framework for new technologies/innovations in order to “ensure that regulations keep pace with the developments in technology impacting the payment space, the global level developments in technology such as distributed ledgers, Blockchain etc. will be monitored and regulatory framework, as required, will be put in place.”

This will improve the country’s payments ecosystem, it says, which has been evolving dynamically with the advancements and innovations taking place, particularly in the area of FinTech.

In a chat with Cointelegraph, a spokesperson for Zebpay agrees that there's been no talk of Bitcoin without the mention of India lately and this will continue for a little longer because Bitcoins are the new game changers in the era of cashless economy offering billions of Indians the ability to go cashless using digital currencies.

The spokesperson says: “We skipped the landline generation and have a modern mobile phone infrastructure. Similarly, India has the potential to skip the plastic money generation and build a modern financial infrastructure on this revolutionary technology.”

For Coinsecure CEO Mohit Kalra, India is rising to Bitcoin and 2017 seems promising for its adoption and usage.

"In terms of use, we are hoping to see more merchants start accepting Bitcoin in India. Demonetization and going cashless can definitely help boost adoption rates across merchants, businesses and individuals alike!"

Read more at: The CoinTelegraph

Join our live Webinars and special guests: Events and Webinar logins on the Markethive calendar: https://markethive.com/calendar

Direct access to our webinar room is at: https://www.TheHiveRoom

Thomas Prendergast
CEO
Markethive Inc.

P.S. At least move some of your money into Bitcoin. Here is a comprehensive list of Bitcoin exchanges. This is a new shift, much like the Internet. Do not reject this move, rather embrace it. The List:
https://99bitcoins.com/best-bitcoin-exchanges-comparison-review/

TP

Intro Bitcoin Crypto Currency by James Wilfong founder MCC dao

Intro Bitcoin Crypto Currency by James Wilfong
founder MCC dao

The crypto currency revolution is here. Bitcoin, the blockchain, ethereum, and the accelerating trend breakthroughs in new technology destined to change the world and empower the little guy and gals. Are you prepared for the future of decentralized global finance and blockchain governance? If not, well, it is advisable that you get that way quickly, because this global revolution will top anything we have ever seen, including the Internet itself.

If you position yourself ahead of this massive movement, you are in for the ride of your lifetime, and your finances could be where your dreams actually are, and then some. If you wait for the wave to pass, you could find yourself paddling harder than ever just to get to shore.

In the coming weeks, we will be educating you in everything you need to know about this coming wave in order to position yourself just right. As many of you already know, bitcoin began its rise to worldwide disruption in 2008 and rose from just a fraction of a penny to now around $750 each and steadily rising.

Of course, had you invested $5K to $10K in 2009, your investment would have made you worth hundreds of millions of dollars today. Do you think that would have changed your life some?

You may think you have already missed the boat, that the massive wave of higher than high earnings and the opportunity to invest at the forefront of this wave has already passed you by. Fortunately, nothing could be further from the truth. You are exactly where you need to be.

As with the Internet, it has taken some time for the world to grasp the scope and power of cryptocurrency, and for the technology to develop to the point where mainstream use and practical applications are both imminent and far reaching.

Our global financial world is about to take a whole new look and exist on a completely different platform. User friendliness and blockchain apps are now in a position like never before. Cryptocurrency is ready to go mainstream. Are you ready for the ride?

To get you ready, we will begin with an overview of bitcoin, the blockchain, how this all got started and most importantly, for you, where it’s all going. So be diligent and take the time to get educated now so you will be ready for tomorrow. And not only ready conceptually, but ready also to reach your financial dreams on top of the financial tidal wave of your life.

We will begin with some enlightening education about bitcoin itself, which of course, has made many multi-millionaires during its dramatic and turbulent rise to global awareness.

For those who didn’t invest when the time was right, it is almost too painful to think about missing out on opportunities of this magnitude. But like I said at the beginning of this article, the first wave in the set is not the biggest, an even bigger wave is coming in fast.

So take the time and get yourself ready. You will be so happy when your wave comes in and you are on top of it, riding all the way to financial freedom while the worldwide transformation unfolds under your feet. The best wave in cryptocurrency is still yet to come.

Enjoy this first step video and we’ll see you tomorrow as we build up to the big event.

James Wilfong
DAO Admin
MyCryptoWorld DAO

 

TP

Digital Alchemy: The greatest opportunity is upon us.

Digital Alchemy: The greatest opportunity is upon us.

I turned 39 when I entered the Internet with my Mosaic browser, Macintosh  and experienced html 1.0 for the first time in 1992.

As it was with the Internet, (I was there at the birth) the pundits and critics claimed it was too complicated and would never succeed. It surged forward and changed the world, made many wealthy and laid the foundation for millions of new inventions. It certainly changed my life. I made a few million myself, but was quick to squander it in those early days.

It was at this frontier I built the first self-replicated website, the first online interactive application, the first self-replicating PDF and by 1996 had built the first automated marketing system, which had the first email auto responder, the first of what was called Traffic Portals and the first massive broadcaster (The Hammer) all of which was the foundation of what is known today as Inbound Marketing. I custom built (private labeled) these Automated Marketing “Social Networks” for over 70 MLM companies in the 90s.

Then came Google.

Like Search Engines and “nobody ever envisioned Google would crush Yahoo” and surge forward delivering more technologies and again changed the landscape of business.

I know I was there.

Next was the emerging Social Networks. Pundits claimed they would represent Web 2.0 and change the industry and become a trillion dollar industry and it did. First to claim notoriety was “MySpace” soon to be crushed by heavy weight Facebook. Imagine buying a piece of Facebook back then like Peter Theil did. He dropped $500k into FB and is now worth Billions. LinkedIn, Twitter, Pinterest, Instagram, Youtube all and mush more turned snot nosed visionaries into billionaires.

I know I was there.

My Bitcoin perspective goes way back to the beginning of the Internet. I remember folks saying the Internet was too complicated and would never really amount to anything. Perhaps many of you do as well.

Fast forward to 2009 and the birth of Bitcoin occurred. It had many ups and downs but it surge forward. If you or I had purchased $1000 worth of bitcoin in 2012 at.008 cents per coin, today that purchase would be worth $93 million today, cash, based on the USD.

It is now being projected Bitcoin will reach $1 million, PER COIN! Many experts agree: Raoul Pal (former GLG Global Macro Fund and Goldman Sachs funds manager) thinks Bitcoin could be worth $1,000,000 USD sooner than later.

Raoul Pal

raoul pal

The bitcoin future may be the greatest door to wealth ever.

Only education will direct us in the right direction.

So let us get educated!

Check the calendar for coming events.

Thomas Prendergast
Founder and CEO
Markethive Inc.

TP

Blockchain opens 10 millionth bitcoin wallet after Brexit and Trump boost

fb thumbBlockchain opens 10 millionth bitcoin wallet after Brexit and Trump boost

London-based bitcoin wallet provider Blockchain has opened its 10 millionth digital wallet.

It comes almost two weeks after the company's cofounder and CEO Peter Smith told Business Insider the company would "pretty easily" have its biggest ever month for activity in November, following a surge in use after Donald Trump's shock election victory in the US.

He told BI shortly after the election: "People are basically hedging against economic instability. It's a worrying time to be holding a lot of British pound or if you're America — people flee to safe haven assets. Bitcoin is one of those."

Smith says in an emailed statement on Wednesday: "Hitting this milestone at this particular moment isn’t a coincidence. In the wake of the Brexit vote, the US Presidential election and a weakening Yuan, we have seen unprecedented levels of activity and transaction on our platform, which further suggests that people are embracing the need for a more globally accessible currency system, and one that does not exclude over one-third of the world’s population.

"We are excited to play such an important role in powering the world’s shift to a more open, fair and accessible financial system."

Blockchain lets people download software onto their computer that lets them open a digital wallet to store cryptocurrency bitcoin. The wallet, which lets people store their own bitcoin rather than hold it with Blockchain, can also be used to pay for things using bitcoin.

Blockchain employs around 25 people in London but also has offices in Luxembourg and New York. The company is the world's biggest provider of digital wallets for bitcoin, with over 50% market share, and processes over 150,000 transactions a day on average. It has raised over $30 million (£23.9 million) to date.

Original article found here:

businessinsider.com

BY

TP

How to Write an eBook (Blog) Quickly

tbnlHow to Write an eBook (Blog) Quickly

Entrepreneurs are busy people. Many of us do realize the importance of business of writing and publishing an ebook, but we simply feel we don’t have the time to write a book, especially if you are already producing a lot of content with our blog(s).

I can think of many types of books you can write fast—especially by blogging them—and turn them into short ebooks. I am an active blogger as you probably know by the volume I produce in Markethive.

Case in point (and feel free to swipe them and make your own Ebook. An eBook on Inbound marketing.

  1. Inbound Marketing Explained and Compared link: https://markethive.com/group/marketingdept/blog/inbound-marketing-explained-and-compared
  2. Get Found using Inbound Marketing link: https://markethive.com/group/marketingdept/blog/get-found-using-inbound-marketing
  3. Inbound Marketing For Dummies link: https://markethive.com/group/marketingdept/blog/inbound-marketing-for-dummies
  4. How Inbound Marketing and Social Media complement each other.Link: https://markethive.com/group/linksomatic/blog/how-inbound-marketing-and-social-media-compliment-each-other
  5. MarketHive has launched the first fully outfitted advanced Inbound Marketing systemlink: https://markethive.com/group/marketingdept/blog/markethive-has-launched-the-first-fully-outfitted-advanced-inbound-marketing-system

The same can be done for email, social marketing, SEO, etc. utilizing my and others who allow swiping in Markethive. You see, you have no excuse.

Short ebooks can be anywhere from 15 to 100 manuscript pages in length. The completed book might be between 4,000-35,000 words long. This is, indeed a short book you write fast.

Create a content plan for you short ebook, and then don’t make more work for yourself than necessary. Keep your chapters short. Don’t write more than necessary. Blog your book, or write it as if you were blogging it; sit down each day and write 500 words. Then make each chapter 1,500-2,500 words long, for example. Each chapter will consist of 3-5 blog posts (each averaging 500 words). If you have 10 chapters, you’ll end up with a 15,000-25,000 word book.

Even use a transcription service. The one I use requires Chrome to work. Link: https://transcribe.wreally.com/app

Perhaps you have a Youtube video you want to transcribe, or you can easily narrate with a microphone like I do. Even transcribe live events.

Whatever word processing program you use, keep an eye on your word count so you don’t overwrite. Remember: You are writing a short ebook fast.

Let’s take a look at the seven types of short books you might consider writing or blogging.

The point is the options are endless.

Need an eBook cover design? Here are plenty of topics just on the ebook cover design:

  1. 15 Ebook Covers: Success and Failure in the Kindle Store link: https://www.thebookdesigner.com/2010/12/15-ebook-covers-success-and-failure-in-the-kindle-store/
  2. WE MAKE BOOKS AWESOME link: https://damonza.com/
  3. SELL MORE BOOKS WITH A STUNNING COVERlink: https://ebooklaunch.com/ebook-cover-design/

 

Here are a few Ebook software programs

  1. Book Cover Maker – Create Your Own 3D eBook Cover Online link: https://www.myecovermaker.com/
  2. Free Online Book Cover Maker by Canva link: https://www.canva.com/create/book-covers/
  3. Free Ebook Cover Creator – Adazing link: http://www.adazing.com/cover-mocks/

By employing one of these seven short-book structures, you’ll write or blog your book fast. You’ll then be ready to get it edited, have a cover designed, and convert it into an ebook format. Before you know it, you’ll be using your short ebook (and maybe even a printed book, too) to promote yourself and your business.

Video support:

How To Publish A Kindle eBook Today On Amazon

Fast and Easy eBook Template in Word

Create Stunning eBooks & Lead Magnets In 30 Seconds

link: https://go.designrr.io/homepage9790970?utm_campaign=ebook&utm_medium=video&utm_source=youtube

Many ebook publishers (and this could easily be you) make $200 or more per day selling their story, their knowledge, etc. in a ebook format. Combined with the viral and marketing power of Markethive many of you will learn how to produce a yearly income in excess of $70,000 a year.

What would that mean for you? It would give you the needed revenue to build additional businesses, right? After all we are entrepreneurs!

 

Thomas Prendergast
CEO
Markethive inc.

TP

The Quest for Greatness

I (we) are pursuing funding for Markethive. It is a long and winding road. In this quest, we have met very innovative amazing people. Case in point James Wilfong a partner owner of an upcoming crypto coin company called MyCryptoWorld has an amazing system that is to the Crypto Coin market as Markethive is to the Inbound Marketing world.

The friendships between MyCryptoWorld, Markethive and Greenfire is growing and is opening up some amazing possibilities. This is what we are talking about this Sunday.

TP