Ethereum and Bitcoin Price Decline Again – Major Factors For Mid-Term Recovery

Ethereum and Bitcoin Price Decline Again - Major Factors For Mid-Term Recovery

Ethereum and Bitcoin Price Decline Again – Major Factors For Mid-Term Recovery

The price of Ethereum and bitcoin have declined in the past two days, with the bitcoin price struggling to rebound beyond the $5,700 mark and the price of Ether dipping below the $300 region again.

Although the price of bitcoin has increased since plunging to $5,300 prior to the Bitcoin Gold hard fork, over the past 24 hours, the price of bitcoin declined from $5,767 to $5,680.

Like bitcoin after the disappointing release of Bitcoin Gold, Ethereum was expected to sustain its upward momentum in the mid-term subsequent to the Byzantium hard fork. But, primarily affected by a series of minor corrections of the cryptocurrency market, the price of Ether has struggled to surpass the $300 mark in the past week.


Factors For Recovery: BItcoin

It has been evident over the past week by the trend of the bitcoin price that the Bitcoin Gold hard fork has had a direct impact on the short-term price trend of bitcoin. Experts including highly regarded bitcoin developer Jimmy Song noted that prior to the Bitcoin Gold hard fork, a relatively large portion of users migrated their funds from bitcoin wallets and exchanges to alternative cryptocurrencies (altcoins) to avoid the Bitcoin Gold hard fork.

The majority of investors and traders were seeking to avoid the Bitcoin Gold hard fork because it had lacked strong replay protection before the fork, which is necessary for bitcoin wallets and exchanges to credit users with Bitcoin Gold on a 1:1 ratio with bitcoin. But, even after the fork, the Bitcoin Gold development team has failed to deliver on their promise and have not implemented any sort of replay protection.

Consequently, wallets like Trezor and Blockchain have not been able to provide support for Bitcoin Gold deposits, withdrawals,and trading.

More to that, at this phase of development, it is difficult to justify whether Bitcoin Gold is an actual cryptocurrency, because it lacks hash power, wallets, miners, and a client.

Analysts such as Bitfinexed, a popular cryptocurrency blogger, stated:

As the bitcoin market recovers and restructures from the controversial Bitcoin Gold hard fork, it is likely that the price of bitcoin will be able to rebound in the upcoming days, at least until the SegWit2x hard fork scheduled for November 16. Several investors like Tuur Demeester emphasized that a similar trend as Bitcoin Gold is expected around mid-November, as bitcoin investors could potentially migrate to other altcoins to avoid the fork.
 

Ethereum Price Remains Below $300

Since early September, prior to the initial coin offering (ICO) and cryptocurrency trading ban by the Chinese government, the price of Ether has struggled to remain in the $300 region, despite significant optimism surrounding developer activity and solutions on Ethereum such as the Byzantium hard fork and Ethereum co-founder Vitalik Buterin’s scalability solution Plasma.

As demonstrated in the two price charts above, the price trend of Ether is often correlated with the short-term performance of bitcoin. Hence, during certain periods in which the price of bitcoin corrects itself, the price of Ether is likely to fall by a similar margin.

But, adoption of Ethereum is an important indicator for the mid and long-term price trend of Ether. Earlier this week, Blockchain, the second most popular bitcoin wallet behind Coinbase, announced the integration of Ethereum into its mobile wallet, the most widely utilized bitcoin mobile wallet in the market.

 

Author: Joseph Young on 28/10/2017

 

Posted by David Ogden Entrepreneur
David Ogden Cryptocurrency Entrepreneur

Alan Zibluk – Markethive Founding Member

Low Cost Website Promotion…Why Not?

lowcost website promotionLow Cost Website Promotion…Why Not?

Can you ever avail of   low cost promotion? Is that even feasible? Of course yes! Nowadays, your baby website can amass huge traffic in no time thanks to   low cost promotion. How does low cost website promotion go anyway? What are things to be done?

1. Enlist your website.
Look for the hottest Internet directories and enlist your site there. This is the easiest and most effective low cost promotion tactic. Start with this step and the rest of the good things will follow. Just don't forget to prep your website and make it all spruced up for a higher chance to get accepted in your directory of choice.

2. Know your forums.
One reason why forums are created is for low cost promotion for everyone. Log in, post actively, let the Forum know about your site in every post and you will attract instant visitors right there. Forums use the power of business to create a better world through various Forum Platforms, while trying to improve their membership engagement, their employee recognition and helping the communities serviced by a very active Forum.

3. Write a press release.
Release your writing prowess and start up a press release that advertises your site! This is a   low cost promotion tactic that you can do anytime. Type a brief paragraph or two and email it to your friends, colleagues, internet e-zines, newspapers and other media and massive traffic will come to you pronto! See also companies that specialize in press club writing and submission services

4. Be friendly online.
  Low cost promotion means you need to be friendly to other webmasters. Why, you ask? So they can link you immediately! Establish contacts and never tire of link requests and exchanges.

5. Write an article.
Say, your website is about your travel agency. Write an article about the perks of traveling or the hottest travel spots in the world. On the concluding paragraph, mention your website in passing. This article works as an advertorial and doubles as a   low cost promotion approach. Content is king. You can say that again. That is why writing articles is one of the most utilized Internet marketing media today. Internet surfers just can't get enough of information on various fields. Providing information through these articles is a surefire way to drive hot traffic to your web site.

6. Just let the whole world know about your site.
What is low cost promotion without the word of mouth? Insert your website, its URL and features in daily conversations and let the good news spread from one mouth to another! Improving your reputation as an Internet marketer you plainly display your products on your website, you will not gain much conversion rate. Conversion is when your traffic converts to sales. You have to show that you are knowledgeable on your field. And what better way to show that than by writing articles that will allow you some bragging rights, right?

7. Make a banner ad.
Banners are probably the most common form of advertising on the Internet today. The reason behind this has to do with their randomness and prevalence throughout the cyber highway. Banners are not intended for target audiences; instead, these flashing, animated, sound-generating eye-catchers are intended to simply throw the message out there in an endless array of locations for everyone—professionals and public—to see. In this way, the company that is advertising becomes known instantaneously, which is the purpose.

Make a banner ad for your site and ask another webmaster to do the same for his site. Then swap!

8. Take up a low cost promotion course online.
Yes, there are low cost promotion tutorials. But don't you know that you can actually take a low cost promotion course that can help you out further? Part of the low cost promotion program is signing up for newsletters. Sending out newsletters to your subscribers (those who signed up for your newsletters) will help greatly in establishing a good working relationship with your customers or prospective customers. It has to be short, sweet, consistent and written for a general audience.

In Summary — when you make a website, you do not need not pay large amounts of money to promote it. You just apply the methods listed above!  —-  there is such a thing as low cost promotion and by applying internet marketing strategies that won't hurt your savings is a great way not only to get started but also in the long game.

Your new business will benefit a lot from various Internet marketing methods. But you don't have to spend millions of dollars just to get some decent exposure for your company. There are ways to make your business be seen and felt without doing overkill with your advertisement expenses.

Make use of your online power – through Internet marketing. Here are simple methods that you may employ to boost the visibility of your business without shelling out more than what you can afford. However, these techniques need patience and some footwork to produce agreeable results.

Firstly, you need a website before you can make use of these low cost Internet marketing strategies. So go create one or hire a web developer. It will display your products and services. This will be used in employing the following Internet marketing techniques.

Tuneup

 

Alan Zibluk – Markethive Founding Member