Category Archives: Markethive

Bitcoin breakout coming? The cryptocurrency is already up 220 this yea

Bitcoin breakout coming? The cryptocurrency is already up 220% this year

Bitcoin breakout coming? The cryptocurrency is already up 220% this year

  • Bitcoin’s followed a similar trend since mid-February and has breached yearly highs at least once every month

  • Bitcoin broke above its upper band limit for the first time this year in early February

Bitcoin bulls looking for a catalyst that could extend its colossal rally may want to turn to technical analysis favored by some traders for a dose of good news.
 

Following an increase in prices over the last two days, Bitcoin has surged above its upper Vera band limit, which identifies upward or downward trends. The move indicates a sharp rise could be on the horizon as the token continues to trade above that limit.
 

Bitcoin’s followed a similar trend since mid-February and has breached yearly highs at least once every month since then. The cryptocurrency broke above its upper band limit for the first time this year in early February, for instance, and reached a fresh yearly high shortly afterward. It happened again in mid-June, and Bitcoin hit its 2019 high of $13,851 just three days later. Overall, Bitcoin is up more than 220% this year.
 

“Bitcoin looks like it could be coiling for a big breakout as institutional interest for blockchain technology shows no signs of slowing down," said Edward Moya, chief market strategist at Oanda Corp. in New York. “The bubble-like gains this time are driven on solid institutional interest and while security is still a big risk, it appears Bitcoin has overcome many of its initial growing pains."
 

It’s a drastic turnaround from where it was just six months ago, when prices languished around $3,500 and many left the space for dead following its spectacular 2018 crash. But excitement over wider mainstream acceptance, among other things, has heightened the buzz around cryptocurrencies — and prices have skyrocketed since then.
 

“The revival has been a natural reaction to changing crypto-friendly atmosphere in mainstream finance and pro-market forces," said Christel Quek, chief commercial officer at Bolt Global, a mobile streaming platform and wallet, adding that the entry of companies including Facebook Inc. and JPMorgan Chase & Co. into the cryptosphere has contributed to that wider acceptance. “The support from mainstream entities will propel digital tokens forward."
 

Bitcoin rose 7.9% to $11,899 as of 11:53 a.m. in New York on Monday. Rival coins also gained, with Ethereum up nearly 8% and Monero rising more than 13%.

 

Source Livemint

 

Alan Zibluk Markethive Founding Member

Wounds are Better Than Kisses?

Worldly pleasures leave a bitter aftertaste

Written by GodLife on 20/09/2016

Series: Weekly Devotional

Tags: ComfortIdolIdolatrySatisfactionTrouble


Wounds from a sincere friend are better than many kisses from an enemy.

Proverbs 27:6

We all seek happiness in life, and we often look for the answer in worldly things like making lots of money, getting a great job, or even finding the perfect significant other. Can you relate? Though the world makes us believe these things will satisfy us, true comfort and happiness do not come from worldly things. Rather, happiness comes from God, and the Bible shows us this over and over again.

Let’s be reminded of Esau, the firstborn and favorite son of Abraham’s son, Isaac. In Genesis 25 and 27, it tells how he lost his birthright and blessing. Esau ignored what was important to his father. His life shows what can happen to “those who look to this world for their reward.” (Ps. 17:14) Expect trouble from the world (John 16:33), even persecution (John 15:20).

Friendship with the world is an offense to God (James 4:4). Instead, love the world the way Jesus did (John 3:16): Reject all its temptations (1 John 2:15-16), deny yourself, and embrace the cross (Luke 9:23). The only way to really win in life is to resist the satisfaction the world offers (Mark 8:35). Christians gain victory over the world by our faith (1 John 5:4)! How amazing is that?

Many of the Bible’s stories are warnings about looking for comfort from the world rather than from God to help us learn more about how we avoid making the same mistakes. Let’s learn from the stories of three men…

1. Samson: A Story Of Entitlement And Pride

Samson felt his chosen status (Judges 13:7) and great strength gave him the right to immorality. He once set eyes on an attractive pagan woman and told his parents, “I want to marry her. Get her for me” (Judges 14:2).

Can you relate to these lustful and entitled feelings? Many of us can. The world may make us believe that these feelings are okay, but what does the Bible tell us?

Samson was deceived by Delilah, blinded and enslaved in the temple of an idol. This is a warning and a reminder to us to not live our lives in the same way.

2. Demas: A Lover Of The Present World

The Apostle Paul once considered Demas a fellow worker, naming him with Gospel writers Mark and Luke. But the last mention of him is: “Demas has deserted me because he loves the things of this life” (2 Timothy 4:10).

Demas proved to be “The seed that fell among the thorns” in Jesus’ Sower parable, which “represents those who hear God’s word, but all too quickly the message is crowded out by the worries of this life and the lure of wealth, so no fruit is produced” (Matthew 13:22).

3. Jonah: A Bitter Witness Of God’s Salvation Plan

The “overthrow” of Nineveh (Jonah 3:4) was a spiritual one. But this miraculous evangelistic call was preached by a hostile witness, Jonah. God provided him a shady shelter to observe the results, but then suddenly took it away. “And the sun’s heat came upon Jonah’s head so that he became weak and begged with all his heart to die” (Jonah 4:8). Instead of being overjoyed (the way God was — Luke 15:10), with the repentance of the city, Jonah ends with bitter opposition to God’s plan of salvation.

Christians often remind themselves of Romans 8:28-29 when trouble arises:
“…God causes everything to work together for the good of those who love God and are called according to his purpose for them. For God knew his people in advance, and he chose them to become like his Son…”

Any time you’re dissatisfied with what God allows, remember that the trouble and persecution of the world are symptoms of its hatred for Christ—and for His children. Discipline demonstrates you’re His child, as Hebrews 12:5-14 explains. The verses following these (15-17), show God’s perspective on the world’s children: “Make sure that no one is immoral or godless like Esau, who traded his birthright as the firstborn son for a single meal. You know that afterward, when he wanted his father’s blessing, he was rejected. It was too late for repentance, even though he begged with bitter tears.”


Pray this week:

Father, I confess to seeking comfort, satisfaction, security in things. I know only you can meet my deepest needs. I would not want to gain the whole world and lose my soul, as your Word tells me Esau did. Teach me to rid my life of divided loyalties.


Jesus asked how His hearers could have the nerve to call Him “Lord” if they did not do as He said. Are you aware of everything He said to do? Do you have questions about them? That’s why we’re here! Someone is waiting to help you follow Jesus.

Alan Zibluk Markethive Founding Member

Why is this Distressing News from Deutsche Bank a Good Signal for Bitcoin?

Why is this Distressing News from Deutsche Bank a Good Signal for Bitcoin?

Why is this Distressing News from Deutsche Bank a Good Signal for Bitcoin?

On Sunday, Deutsche Bank announced that it would soon make significant cutbacks to its investment bank unit. Reportedly, about 20000 employees could lose their jobs in their process. On Friday, 5th July, the head of Investment Banking, Garth Ritchie, also announced his departure from the firm.

New York and London offices of the largest Germany’s business Bank is expected to experience the majority of the cut-backs.

The current economic situation is upsetting. Europe is facing significant scale problems. Nevertheless, a distressing economy could be a good signal for unrelated assets like Bitcoin and Gold. Anthony Pompliano, the founder of Morgan Creek Digital and a popular crypto-influencer tweeted,

Deutsche Bank plans to fire almost 20,000 employees. Bitcoin has no employees to fire. DB is built for the old world. And Bitcoin is built for the new world.

In most cases, correlation does not mean causation. Nevertheless, the declining currencies of China, the US, the UK, and high inflation characteristics in countries like Turkey, Brazil, and Venezuela is perceived to have a positive effect on Bitcoin.

Moreover, the economic meltdown which could be dubbed as heresy spread by Bitcoin investors, even critics of Bitcoin like Nouriel Roubini has indicated about the adverse financial condition of the world. Mati Greenspan, Senior Market Analyst at eToro also tweeted about the Deutsche bank cutbacks,

The old financial system is dying a slow death. ???? Let’s hope the new one is brighter. ????????

The low-interest rates from the Central Banks are causing the investment banks reduced profitability. Mati cited that the return at investments is currently <2%. Moreover, while this hardy has a direct correlation with Bitcoin’s positive growth directly, the failure of this economic system could lead to a possibility where Bitcoin’s protocol and limited supply will limit the role of the banks.

Leading Bitcoin proponents, VanEck CEO, Gabour Gurbacs and Whalepanda also commented on the news.

tweet

 

 

Nivesh Rustgi Bitcoin News

 

Alan Zibluk Markethive Founding Member

God Is Always In Control

Five Reasons Not to Worry About Tomorrow

Written by Janet Perez Eckles on 17/01/2017

Series: Weekly Devotional

Tags: WorryControlGodJesus


Before I even speak a word, you know what I will say.

Psalm 139:4

My husband and I took off for our routine evening walk the other day. And as we rounded the walking trail, he repeatedly had to duck to avoid smashing his head against the branches that hung low. He endured this annoyance for a while.

However, that all changed when God showed him not to worry or be anxious…

The next day, before we headed out, he grabbed the trimming clippers from the garage. Armed with this weapon that he carried rifle style, we set off for our walk. As we drew closer, he gave a gasp of surprise. The maintenance folks had taken care of the trimming.

I couldn’t suppress my laughter as he carried the clippers back home.

We all do that, don’t we? When the branches of life annoy us, we get fed up. Sometimes we become anxious because the problem persists. Maybe we lost our job and spend night and day looking for another, or maybe we make poor decisions in our finances because we’re so upset about being without enough money. Then anger flares up, wondering if God is watching. And frustrated, we ask ourselves if He’s planning to do anything about it.

But through David’s words In Psalm 139, God reminds us the he is in full control!

  1. He’s aware of our every move. “You know when I am resting or when I am working… (Psalm 139:2)
  2. He reads our mind. “From heaven you discover my thoughts..” (Psalm 139:2)
  3. He follows us wherever we go. “…You notice everywhere I go.” (Psalm 139:3)
  4. God knows our habits, quirks and flaws. “You notice everything I do…” (Psalm 139:3)
  5. God is ahead of the game. “Before I even speak a word, you know what I will say,” (Psalm 139:4)

Remember, that God is always in full control regardless of what we allow our insecurities to let us believe.


Pray this week:

Lord, help me let go of my worries and trust You to take care of me and all of my needs. Thank you for being a gracious God who knows my thoughts from afar.


If God is working on taking care of the glitches ahead, why do we carry the clippers of worry?

Alan Zibluk Markethive Founding Member

Bitcoin Approaches 11500 as Top Cryptos See Gains

Bitcoin Approaches $11,500 as Top Cryptos See Gains

Bitcoin Approaches $11,500 as Top Cryptos See Gains

Saturday, July 6 — most of the top 20 cryptocurrencies are reporting moderate gains on the day by press time, as Bitcoin (BTC) hovers just under the $11,500 mark.

Bitcoin is currently up by about three percent on the day, trading around $11,486 at press time, according to Coin360. Looking at its weekly chart, the coin is down by over 7.68%.

Bitcoin 7-day price chart. Source: Coin360

According to a recent report released by major cryptocurrency exchange Binance, bitcoin has become less correlated with other cryptos in Q2 2019 due to a potential “flight-to-quality” in the recent bull run.

Ether (ETH) is holding onto its position as the largest altcoin by market cap, which currently stands at $31.1 billion. The second-largest altcoin, Ripple’s XRP, has a market cap of $16.8 billion at press time.

Coin360 data shows that ETH has seen its value increase by over .67% over the last 24 hours. At press time, ETH is trading around $292. On the week, the coin has also lost about 5.82% of its value.

Ether 7-day price chart. Source: Coin360

As Cointelegraph reported yesterday, ETH might decrease issuance ten-fold by 2021, said Justin Drake, an Ethereum 2.0 researcher at the Ethereum Foundation,

XRP is up by nearly 4% over the last 24 hours and is currently trading at around $0.399. On the week, the coin is down about 5.75%.

XRP 7-day price chart. Source: Coin360

Among the top 20 cryptocurrencies, the only coins reporting losses are Chainlink (LINK), which is nearly 4% down, LEO, nearly 2.3% down, and ATOM, over 1% down.

At press time, the total market capitalization of all cryptocurrencies is $327 billion, over 4.92% lower than the value it reported a week ago.

 

 

By Adrian Zmudzinski Coin Telegraph

Alan Zibluk Markethive Founding Member

The Idolatry of Control

There’s only one God — and it’s not you!

Written by Dan Lee on 27/09/2016
Series: Weekly Devotional
Tags: Control, God, Sovereignty
We can make our plans, but the Lord determines our steps.

Proverbs 16:9
We might not think of Control as an idol. Yet anything that we come to value more than God, is an idol. And as humans, we love to feel like we are in control of our own life, our destiny.

We believe we have control over our health, our job, our finances, and our relationships. However, that’s not the case. There is only one Sovereign, one Master of the Universe, and it is God, not us.

Here are just three important things that we cannot control ourselves, but God does:

1. How long we will live
We can take care of our bodies with proper diet and exercise. We’re told that this will allow us a long, healthy and full life.

But how long will we really live? That’s up to God. There are no guarantees no matter how hard we try.

Psalm 139:16 puts it plainly: “You saw me before I was born. Every day of my life was recorded in your book. Every moment was laid out before a single day had passed.”

An accident or attack can end our life at any moment regardless of how careful and healthy we are.

Because of this, we can’t trust ourselves with our lives. Rather, we must put our trust in God, for He has each moment planned.

2. Our Success
There are countless articles here on the internet that explain how to gain success from business, schooling, and changing your mindset. But, does that mean that success is guaranteed if only we just work hard? Not necessarily.

“Look here, you who say, ‘Today or tomorrow we are going to a certain town and will stay there a year. We will do business there and make a profit.’ How do you know what your life will be like tomorrow? Your life is like the morning fog—it’s here a little while, then it’s gone.” James 4:13-14

Just think… sometimes a business opportunity promises success. Though you might make a lot of money, you could also lose all of it. Or as this verse says, you might not even be alive tomorrow! (Also see Luke 12:16-21.)

3. Other People’s Decisions
Just as we believe we can control our own success, we believe we can control other people’s decisions and opinions. But, can we really?

“As for my companion, he betrayed his friends; he broke his promises” (Psalm 55:20).

Even if we are loving and kind, those closest to us can disappoint or even betray us. Marriages, can result in infidelity, friends can break promise, and children often go astray, even when we parent them the best we know how. Other people are simply not under our control.

So, what does this all mean? Should we stop trying to care for our bodies, stop trying to make plans, or to stop building good relationships? No, the Bible tells us that these are all important (1 Corinthians 6:19; Luke 14:29).

It does mean that we seek God’s will above our own, and remember every day that His plans are the ones that will never fail! The more we submit to His will and His plans, the more we will experience His peace and joy — even when things don’t turn out the way we planned.

Pray this week:
Lord, forgive me for thinking I am in control of my destiny. Thank You that my life is in your entirely capable hands. Help me seek first Your Kingdom (Matthew 6:33) and trust you with my life.

Does this make sense? Want to discuss it with someone? 

Alan Zibluk Markethive Founding Member

Bitcoin Consumes As Much Power As Switzerland But Impact Remains Negligible

 

Bitcoin Consumes As Much Power As Switzerland, But Impact Remains Negligible

Much of the conversation surrounding Bitcoin and Switzerland in recent days is focused on the cryptocurrency showing price correlation between it and the country’s native fiat currency, the Swiss franc, which is often viewed as a “safe haven” asset for investors alongside gold and the Japanese yen.

However, a new study conducted by researchers at the University of Cambridge, has revealed that each year Bitcoin could consume as much electricity as the entire European country. The same study also revealed that despite powering the cryptocurrency’s network requiring such a massive amount of power by comparison, evidence shows that the impact it has on global climate change is “negligible.”

The Cambridge Centre for Alternative Finance, an academic research centre at the University of Cambridge, launched a new index called the Cambridge Bitcoin Electricity Consumption Index, that measures variables and metrics related to Bitcoin’s energy consumption.

The index website features a variety of interesting factoids and comparisons on Bitcoin consumption, ranging from how many years worth of all the tea kettles in the United Kingdom running would it take to power Bitcoin for one year, to the fact it would take the University itself would nee 365 years of operation just to use as much energy as just one year of the Bitcoin network.

The comparative study also claims that the Bitcoin network now consumes more energy in one year than the entire country of Switzerland.

Switzerland is known for being a hub for business and finance, with large data centers – yet doesn’t burn through as much energy as the first ever cryptocurrency. While powering a country may seem like a lot, the researchers behind the study claim that the impact of Bitcoin is “negligible” in terms of its contributions to climate change.

They say lightning never strikes twice, but Bitcoin drawing comparisons to Switzerland has now happened twice in as many days. Not only is Bitcoin’s energy consumption being compared to Bitcoin, it’s also being compared to the nation’s fiat currency – the Swiss franc – due to its potential as a safe haven asset.

As concerns over a looming economic crash fueled by the Trump administration’s trade war mount, safe haven assets have started to show signs that investors are once again preparing for the worst and hedging their capital against the perceived risk ahead.

But as investors sell of stocks and other higher risk assets into safe haven assets like gold, the Japanese yen, or the Swiss franc, they also appear to be buying up Bitcoin, too. The four assets have shown tightly correlated price charts that suggest all four of them are being considered as a flight to safety amidst any economic downturn that we may face in the coming days, weeks, months, or years.

 

by NewsBTC 

Alan Zibluk Markethive Founding Member

Crypto Analyst – Bitcoin Market Cap Due to Surpass 1 Trillion this Cycle 8 Trillion Nex

Crypto Analyst - Bitcoin Market Cap Due to Surpass $1 Trillion this Cycle, $8 Trillion Nex

Crypto Analyst – Bitcoin Market Cap Due to Surpass $1 Trillion this Cycle, $8 Trillion Next

Crypto asset market analyst and partner at Adaptive Capital, Willy Woo, believes that the market capitalisation of Bitcoin alone will surpass $1 trillion dollars in the coming years. After letting off steam, he believes the next cycle will take Bitcoin’s market capitalisation to levels that rival that of gold today in terms of value.

The analyst also takes a rather unique, hyper extended view of Bitcoin. He consider the asset in the wider context of money and sees crypto as the beginning of “the digital age”.

Could Bitcoin Hit $50,000 by 2022?

Appearing on the Coinist Podcast earlier today, trader and Bitcoin optimist Willy Woo spoke about his current outlook on the crypto asset industry.

After discussion relating to his work with Adaptive Capital and his research into on-chain trading signals, Woo speculated on the future of Bitcoin. In response to a question about whether his much earlier call in which he stated that Bitcoin’s market capitalisation would reach that of gold by 2024, the analyst stated that he now felt it to be a little soon. Woo first made the call in 2012 when he was very new to the very new Bitcoin industry,

He stated that Bitcoin currently has another two to three years left of upside during the ongoing market cycle and that it will be during the bullish phase following a another lull that BTC surpasses gold as the planet’s primary store of value asset.

However, that’s not to say that this bullish cycle will not be impressive. The Adaptive partner believes that the price of Bitcoin will approach $50,000 at some point in the next few years. This will put its market capitalisation at around $1 trillion.

The 10,000 Year View of Money

Perhaps the most interesting portion of the interview comes during Woo’s closing thoughts. Taking a much longer view of Bitcoin, set in the context of the technology of money itself, Woo claims that Bitcoin represents the dawning of a new age in civilisation.

As we moved from hunter-gatherer societies, into agrarianism, industrialism, and beyond, the forms of money new technology makes possible and the requirements of money in ever-expanding communities slowly shift. Seashells were replaced by gold because it was a harder money, and gold was replaced by bank notes (backed by gold) because they were more useful in wider commerce.

Woo believes that the first digitally scarce asset, Bitcoin, is a crucial step forward for humans:

“If we’re in a digital age, we really want a digital currency and this is our first native digital currency… Bankers call [Bitcoin] a bubble, technologists call it a disruption, but students of history would call it the dawn of the digital age.”

 

 

 

 

Rick D News BTC

 

Alan Zibluk Markethive Founding Member

Understanding the Humble Nature of Jesus

Surrendering our own power and becoming more like Jesus

Written by Dan Lee on 04/10/2016

Series: Weekly Devotional

Tags: GodHumilityPower


You must have the same attitude that Christ Jesus had. Though he was God, he did not think of equality with God as something to cling to. Instead, he gave up his divine privileges; he took the humble position of a slave and was born as a human being.

Philippians 2:5-7a

Power, like control, can become an idol in our lives. The world tells us to be powerful, to be fast, to be strong, and to be in control. Even just recently in the Olympics, we watched the worlds most physically powerful people come together to compete against each other and admired and envied the power they had. Though there is a time and a place for power in acts like sport, we so often desire power and lean on our own power which moves our focus away from God.

One of the best ways to resist the unhealthy desire for power in our lives is to model our lives after the humble nature of Jesus. His surrender of power, described by the Apostle Paul in Philippians, was one of the most amazing things he ever did!

How do we stay humble like Jesus? First, we have to understand in what ways he was humble…

1. Remember that He was God, yet still humble

Jesus was not just a good man or even a great man. In Matthew 28:18, he said, “All power has been given to Me in heaven and on earth.” He was God in the flesh – the One who had existed for all eternity, the great “I AM” (John 8:58). He created the world and maintains it (Hebrews 1:2-3).

2. He humbled himself to become a human

Yet all that greatness, the immortal and eternal, was somehow squeezed into a human body.

In his time on earth, Jesus chose to limit his power. He healed some sick people and performed many miracles. He had all the power and yet He lived His life under submission to the Father. Jesus gave them this answer: “Very truly I tell you, the Son can do nothing by himself; he can do only what he sees his Father doing, because whatever the Father does the Son also does” (John 5:19).

3. Know that He gave up his life

“When he appeared in human form, he humbled himself in obedience to God and died a criminal’s death on a cross” (Philippians 2:7b-8). Jesus’ captors beat him, taunted him, brutally whipped him, and then nailed his hands and feet to a cross. He resisted the temptation to reveal himself the as Almighty God. His plan from the beginning was to give his life for us, because “There is no greater love than to lay down one’s life for one’s friends” (John 15:13).

4. He was exalted

“Therefore, God elevated him to the place of highest honor and gave him the name above all other names, that at the name of Jesus every knee should bow, in heaven and on earth and under the earth, and every tongue declare that Jesus Christ is Lord, to the glory of God the Father” (Philippians 2:9-11). What a great day that will be, when every human being honors Jesus as Lord. And to extent we imitate Jesus‘ humility, we will be exalted: “So humble yourselves under the mighty power of God, and at the right time he will lift you up in honor” (1 Peter 5:6).


Pray this week:

Father, the desire for power is so strong. Help me to marvel at how Jesus humbled himself, and through your Holy Spirit’s power, to humble myself just as he did.


Want to learn more about power and humility?

Alan Zibluk Markethive Founding Member

Bitcoin Rallies Its Way To Independence Day

Bitcoin Rallies Its Way To Independence Day

Bitcoin Rallies Its Way To Independence Day

Whilst volatility is generally expected to be lower on US Independence Day today, Bitcoin clearly has other plans after rallying 10% just after US markets closed. Let’s take a close look at this volatility.

On the face of it, the daily chart appears constructively bullish. It continues to print higher highs and lows, a 3-wave (corrective) move is apparent on the four-hour chart and a spinning top Doji and bullish appeared near its corrective lows. Furthermore, the bullish hammer respected a 78.6% Fibonacci extension, before rallying higher. If prices can build a level of support above 10, then we could indeed see this breaking higher. However, the levels of volatility seen near its record highs are a concern, so we’re on guard for another, volatile dip lower if it fails to break above its cycle highs.

As previously mentioned, volatility on Bitcoin is a different beast, but even by its own standards it appears erratic after hitting new highs.

Bitcoin gave back nearly 30% after hitting its new high over 6 sessions, making it the largest correction during this uptrend. This compares with an 18% decline over 7 sessions in its previous correction.

27% of this fall was the day after the high.

8 sessions of the last 7 has seen daily ranges above 10% (the 1-year rolling average is 5.2%).

Flicking back through the chart, these levels of volatility have generally been associated with, downtrends, deep corrections or periods ahead of a crash. Therefore, whilst we shouldn’t necessarily ‘fight the trend’ if it breaks higher,having an appreciation for price action characteristics could at least provide a reality check for our expectations.

 

 

By Matt Simpson,

Alan Zibluk Markethive Founding Member