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Basic Rules for Beginners in bitcoin Trading

Basic Rules for Beginners in Bitcoin Trading

basic rules for trading

 

There has been a protracted debate on the actual identity of Bitcoin, whether it should be regarded as a currency or a commodity.

With reasonable support on each side of the debate based on its inherent characteristics, a huge segment of the ecosystem is of the opinion that Bitcoin can, and should be regarded as both a currency and a commodity.

Whatever definition attached to Bitcoin, the constant variation in price offers an opportunity for investors to make a profit by trading the cryptocurrency, either as a long term investment or in a speculative short term pattern.

What is Bitcoin trading?

Bashir Aminu, Bitcoin trader and convener of online crypto group Cryptogene, explains the basic Bitcoin trading process as follows:

“If you buy Bitcoins at one price and then sell them for a higher price, you make a profit of the difference between those two prices, less any commission that you paid. However, if the price goes down, you will be in the uncomfortable position of having to either sell them at a loss or hold and hope the price goes back up while risking higher and higher losses if the price continues to drop.”

There are two major types of traders in the Bitcoin market, they are ‘long term’ traders and ‘short term’ traders. Each of these group of traders are classified by how long they may wish to hold onto a given position of trade.

Long term traders are usually involved in studying price trends over long periods of time. This informs their decision to buy and hold Bitcoin also over long periods with the hope of taking profit at a price higher than their original entry point. With Bitcoin still in its developmental stages, a lot of users suggest that this is a good time to buy.

This suggestion is based on the assumption that with increasing use case scenario and more adoption, demand for Bitcoin and its associated technology will increase, thereby creating more demand for the cryptocurrency which will automatically cause an eventual increase in value. Glimpses of this have been observed with the surge in Bitcoin price which coincides with a boost in its market capitalization and volume of trade.

On the other hand, short-term traders analyze the intraday behavior of Bitcoin price and seek to take advantage of the swings in price. These traders thrive in market volatility, a factor that is presently characteristic of Bitcoin.

In its early stages, the swings in Bitcoin price was usually so huge as every little event within the crypto space had very serious impact on the price of the cryptocurrency. As adoption grows and Bitcoin becomes more stable, price volatility has reduced considerably and experts think it is a better time to trade the cryptocurrency, compared to an earlier time.

“Bitcoin is certainly safer to invest in now than it was a couple of years ago”, says Aminu.

 

Trading rules

Aminu describes Bitcoin trading as extremely profitable if you play your cards well. According to him, it all depends on the market movement pattern. He tells Cointelegraph that Bitcoin value rises and falls dramatically throughout each trading day, jumping in whole dollar amounts. A phenomenon which he identifies as very risky when misjudged.

Based on his trading experience, Aminu outlines a set of rules for newcomers who may wish to profit from the Bitcoin market as follows:

Never put all your eggs in one basket. Your capital should be broken into smaller lots for multiple positions at different price levels.

Do not invest your life savings or money that may change your life drastically in the event of a loss. This rule is important mainly due to the existing level of uncertainty that still exists within the Bitcoin market.

Take full advantage of available technology in order to gain maximum profit

Understanding the market is a continuous process and requires a lot of time, concentration and effort. It is very crucial to do research and be up to date with current trends.

Know when to cash in. It is important to stay focused, unemotional and professional.

Traders should keep in mind that losing, just as much as winning, is an integral part of trading. It is the cumulative gains that count.

If this sounds to complicated there is a proven way of automated trading in the top 10 Cryptocurrencies by joining Trade Coin Club who do the hard work for you allowing you to share in the profit at three levels of risk. This frees you from having to follow the markets, minute by minute or hour by hour.

David Ogden
Entrepreneur

 

By Iyke Aru

Alan Zibluk – Markethive Founding Member

The ways that blockchain will change your life

The ways that blockchain will change your life

  

Blockchain is an intriguing concept to explore

Starting to gain traction in the mainstream, this technology has a lot of far-reaching potentials. Blockchain is an intriguing concept to explore. It is a digital ledger that entails transactions, working with data arranged through a series of records called blocks. This uses a secure system and is essential for managing financial data as well as the development of the Bitcoin. With all the hype that it’s received over the past year with Santander and others announcing that they are setting up their own internal Blockchain systems, it begs the question as to why blockchain is all of a sudden so appealing.

For those who already own a few Bitcoins but keep them and want to exchange for the higher price, there are many options to calculate, how rich you are. Even if you haven’t mined or bought Bitcoin yet, there are ten good ways how the underlying technology of blockchain will impact your life. These entail points on security, simplicity, and how well it works with your budget in mind.

It makes things secure

Blockchain technology is very secure and effective. You can get all transactions validated when adding blocks. This is thanks to how the blockchain system reads more data and is very transparent. The data gathered can be read by multiple databases. Encryption is not included in the blockchain system. You can still add that if desired. Digital signatures may also be added to confirm one’s identity when using it. Such signatures can also regulate read/write access rights.

The identities of people who work with the system can also be secured if needed. Proper certificates can be used to allow people to log onto a setup and use it. This allows the certificate to be used in lieu of an actual person’s name. This may work with a setup that keeps individuals from being identified. In some cases, the business running it may be listed but the individual responsible for triggering a transaction will not be listed.

Additional control is possible

You will get more control over any blockchain system you use. You can adjust your content in any way that you see fit. In particular:

● You can create limits as to what specific parties can do with a blockchain setup.
● The central owner of a block of data can be determined. You can adjust the identity of the owner to make whoever is in charge of a certain part more accountable.
● Limits can be created with regards to what people can or cannot do with a blockchain. This is especially for when you are trying to keep certain people from accessing specific spots.

You can use blockchain in cases where you need to get many parties to read the same data but while also maintaining some control. There is no limit to the amount of protection that you can add to it. This adds a setup that isn’t too hard to use without being complicated or far too technical.

It is a more durable solution

The blockchain setup uses a series of decentralized networks. This allows blockchains to be read by more parties. As a result, there are no central points of failure. It is easier for the blockchain system to handle any possible failures that may develop.

Transactions run faster

Transactions are easy to handle within the system. A universal system is used with the same kind of interface. This does not require any outside standards from separate providers. Confirmation times can vary on the system. It often takes less than half an hour of a transaction to be managed. It can take a few hours in some instances but such cases are rare.

Transaction costs are reduced

A great part of blockchain is that it uses no third parties for managing transactions. As a result, funds will be easy to move without spending too much money on each one. It often costs less than $10 USD to get a single transaction managed. The cost varies but it is typically around that total.

Only one ledger is required

You only need one ledger to get a blockchain transaction handled. This is another benefit of there being no third parties involved. Therefore, you can process a transaction quickly and effortlessly.

Transparency is possible

With a blockchain transaction, you can learn all about what happens. You will learn everything you need to know about an individual block by looking it up. You’ll find details on:

● How many transactions are involved in a single block
● Transaction fees
● The approximate volume of the block
● The size of the block
● Who is relaying that block
● How much time it takes to get some transactions reviewed

The information you will get is extremely detailed. It does require a bit of extra technical knowledge in some instances.

It is a direct solution

The blockchain system is made as a direct solution. All parties involved with a blockchain can alter the chains they find. Information on all prior blocks will also be made available online. With this, people can get a clear idea of how the system works. They won’t have to worry about any suspicious details in their chains.

Energy credits may be available

You may be able to get energy credits depending on where you are located. Blockchains may be generated for acquiring renewable energy credits. This helps you to get a business or other entity to work with solar or wind power or with other renewable energy options. This is useful if you are planning on generating renewable energy. This includes energy used for private purposes. This is useful but you must watch for the total credits you will earn versus what you might spend on energy. This includes looking at how much money it costs to generate energy used to produce a new blockchain.

Digital signatures may be required

The last improvement that blockchain uses comes from digital signatures. A digital signature is a setup that encrypts data with a digital code. This should entail a setup that is difficult to read without a proper encryption key. This helps to make it easier for you to get the most out of your security. You should look at how blockchain can be of benefit to you. This makes it easier for transactions to be made while also being fully transparency. The simplicity that comes with the setup is especially important. Be sure to consider it for your general use in the future.

Chuck Reynolds
Contributor

Alan Zibluk – Markethive Founding Member

How Blockchain Technology Will Dominate The Travel Sector

How Blockchain Technology Will Dominate The Travel Sector
 

Blockchain Technology can be a Valuable

CEO of CellPoint Mobile, which develops payment solutions & technologies that help airlines & travel companies. I am among those enthusiasts who believe that blockchain technology can be a valuable corporate finance tool outside of the banking sector. Airline industry CFOs and finance executives throughout the travel sector belong on the growing list of beneficiaries as well. As the backbone of digital currency, blockchain is already revealing its value in areas such as transparency, data security, logistics and process simplification, and even regulatory compliance. Recently, Walmart and IBM announced a pilot project to apply blockchain technology to Walmart's global supply chain management system.

Of course, not every company is a candidate for blockchain applications: A recent Wharton analysis concluded that a company must determine whether blockchain is suitable based on multiple factors. The rationale for embracing blockchain technology will make the most sense — and take on a degree of urgency — if the business structure involves any number of parties that need trust and inter-party data access and management. As a provider of mobile commerce and payment solutions for travel companies, this makes the travel sector an ideal candidate in my book.

More Business Equals More Revenue 

The travel business is complex and fragmented – ask any travel sector CFO or technology vendor. In addition to operational and financial challenges connected with protecting and growing their business, travel executives face distinctive challenges in their efforts to protect their customer base. Among the most pressing is identity management as security concerns persist and passenger numbers grow exponentially.

As the Walmart pilot suggests, there is growing evidence of blockchain's value on an operational level. But its potential benefits, including security features, extend to "soft" yet vital airline success factors, such as customer satisfaction and retention. For example, with blockchain processes serving as the underlying authentication layer for biometric-equipped mobile and wearable devices, a passenger's experience becomes easier, faster and more satisfying. They can verify their identities, purchase travel products, and ancillary services before, during and after their trips. They can communicate with airlines in a variety of new and engaging mobile formats without pulling out IDs and expose personal financial information every single time.

To extend the vision from a passenger's perspective, imagine going from home to the airport for a flight, then from the destination airport to your hotel and straight to your room without standing in a single line or sharing your personal data. Managing frequent flyer and loyalty programs and tracking baggage can also be a piece of cake, using blockchain technology as the information "connector." The beauty of this vision is that it serves as a genuine win-win for both the airline and its customers. And by contributing to customer satisfaction, an airline is much more likely to retain and grow that source of revenue, not to mention the range of ancillary purchases that become easier with blockchain technology.

From Visionary To Commonplace

Airlines and governmental bodies are already investing in the idea of a universally accepted blockchain ID, to both simplify travel and make it safer. The International Air Transport Association (IATA) and the U.S. Department of Homeland Security are important players, yet airlines and other travel companies must wrestle with the fact that innovation is being driven outside of their industries by companies such as IBM, Google, and Apple. Venture capital continues to pour into the bitcoin and blockchain world, with an estimated $1 billion in VC funding since 2014.

As the blockchain universe evolves within the travel sector, it holds the potential to integrate new products and services without excessive investment costs or overly complicated implementation efforts. Granted, this will not happen overnight. It will likely take another three-to-five years before blockchain technology matures to the point of widespread adoption, and perhaps even longer before many airlines and travel-related businesses understand out how to embrace and monetize blockchain. Only then can they affect change throughout the enterprise.

Chuck Reynolds
Contributor

Alan Zibluk – Markethive Founding Member

Arizona Lawmakers Pass Blockchain Records Bill

Arizona Lawmakers Pass Blockchain Records Bill

  

Arizona's legislature has cleared a bill that would recognize blockchain signatures and smart contracts under state law, sending it to the governor's desk for final approval.The measure, as previously reported by CoinDesk, would make data tied to a blockchain "considered to be in an electronic format and to be an electronic record" in Arizona. It also notably featured language specifically related to smart contracts, signifying an effort to capture new kinds of delivering information – in this case, via blockchain – under existing rules.

The bill's authors wrote:

"'Smart contract' means an event-driven program, with state, that runs on a distributed, decentralized, shared and replicated ledger and that can take custody over and instruct transfer of assets on that ledger."

Public records show that the bill was sent to sent to Gov. Doug Ducey's office on 27th March after clearing the Senate by a 28-1 vote on the 23rd. While it's not immediately clear if or when the governor will sign the bill, the broad support the bill saw in the legislature – members of the legislature's lower chamber approved it unanimously late last month – suggests the measure could ultimately get the green light. The bill is akin to legislation passed and signed into law last year in Vermont. Lawmakers in the state proposed allowing data embedded on a blockchain to be used in a court of law.

IBM Unveils Blockchain Platform for Oil Trade Finance

A group of companies including IBM has spearheaded the development of a new blockchain-based crude oil trade finance platform.Along with IBM, commodities trading group Trafigura and corporate investment bank Natixis took part in the creation of the platform, built using code from the Linux Foundation-led Hyperledger project. IBM’s BlueMix cloud hosting service is also being utilized.

Within the system, parties can view transaction data as it is published on the blockchain. The platform also hosts documentation and updates on shipments, deliveries, and payments. Natixis, a member of the R3 distributed ledger consortium, is no stranger to trade finance applications of blockchain, having joined with the "Digital Trade Chain" project last year. According to Arnaud Stevens, Natixis’ head of global energy and commodities in New York, the bank sees the tech as potentially bringing down costs while also boosting procedural transparency.

Stevens said in a statement:

"We want to use blockchain to optimize the antiquated arena of commodity trade finance. The current process is paper and labor intensive, we have multiple friction points with high processing costs and limited automation. Distributed ledger technology brings some much-needed innovation into our industry."

The platform’s introduction marks the latest bridging of the blockchain and trade finance worlds. It’s an application that has attracted significant interest from a range of companies and governments worldwide, including Dubai. Many of the world’s banks also continue to push ahead with related projects focused on the commodities trade.

Chuck Reynolds
Contributor

Alan Zibluk – Markethive Founding Member

Ethereum style smart contracts for Bitcoin in June

Ethereum style smart contracts for Bitcoin in June

Ethereum style smart contracts for Bitcoin in June
 

Ethereum has gained a lot of attention over the past year or two as it became the second most valuable cryptocurrency by market cap. The platform enables the execution of smart contracts, a feature coming to Bitcoin in the form of RSK.

On a recent episode of Coin Interview, RSK’s co-founder, Gabriel Kurman, claimed that RSK’s private testnet will turn into a public testnet on May 22nd at the 2017 Consensus conference. RSK will then be launched on Bitcoin’s mainnet approximately a month later.

“RSK goal is to add value and functionality to the Bitcoin ecosystem by enabling smart-contracts, near instant payments and higher-scalability.”

A smart contract is simply a computerized transaction protocol that executes the terms of a contract. According to the Elements Project, smart contracting platforms with more expressive scripting systems, such as Ethereum and RSK, are attractive to developers as Bitcoin’s scripting system is limited by design for security reasons.

Ethereum is in essence a programmable blockchain. Rather than giving users a set of predefined operations, such as bitcoin transactions, the platform allows users to create their own operations, of any complexity. In this way, it serves as a platform for many different types of decentralized blockchain applications, including but not limited to cryptocurrencies. “Ethereum allows us to move much faster than building on Bitcoin due to its turing complete script,” explains Augur co-founder Joey Krug.

The team behind RSK has done everything they can to make it easy for Ethereum developers to move to their platform. According to the original RSK white paper, the platforms virtual machine is backwards compatible with the Ethereum virtual machine (EVM), which “gives the opportunity to developers working on Ethereum to benefit from the robustness of the BItcoin blockchain.” The EVM allows developers to create applications using programming languages modelled on existing languages like JavaScript and Python.

Ethereum co-founder Charles Hoskinson has hypothesized that the smart contracts written on top of these kinds of systems will be released on multiple platforms. The process would look similar to releasing mobile applications for both iOS and Android, developers may decide to release their applications on Ethereum, RSK, and Ethereum Classic.

In addition to RSK’s advanced smart contract capabilities, the sidechain also has the potential to decrease the transaction burden on the main Bitcoin blockchain. “We have the Lumino Transaction Compression Protocol (LTCP), which allows 2,000 transactions per second on chain and the Lumino Network which will allow up to 20,000 transactions per second off chain,” said Kurman. “Every single developer is going to be able to plug in, and run their contracts. It’s going to operate against the Bitcoin testnet for a month approximately, and then we’re going to apply [it] to the Bitcoin mainnet.”
 

“We expect RSK to be multiple times more secure than other platforms because it has Bitcoin’s hashing power behind it, and it's fuel should cost 1/10th of that of Ethereum. RSK is subsidized by Bitcoin, plus its virtual machine is six times faster than Ethereum’s given Sergio Lerner's improvements.” – Gabriel Kurman RSK co-founder

The initial version of the RSK sidechain will not require any changes to the underlying Bitcoin protocol to implement the necessary 2-way peg (2WP) to work with Bitcoin. The 2WP allows the transfer of bitcoins from the Bitcoin blockchain to a secondary blockchain and vice-versa. The “transfer” is in fact an illusion: bitcoins are not transferred, but temporarily locked on the Bitcoin blockchain while the same amount of equivalent tokens are unlocked in a secondary blockchain. The original bitcoins can be unlocked when the equivalent amount of tokens on the second blockchain are locked again in the secondary blockchain.

 

In the short term a federation will manage the multisign keys to release the bitcoin on the way back from the peg, Kurman explains. According to the RSK website, well-known Bitcoin companies, such as Xapo and Bitpay, have signed up to be notaries for the sidechain. According to Kurman, these notaries will participate in the governance of the federation, and provide more services to RSK. “The federation will provide multiple services in the future on top of the peg such as security checkpoints in each block, oracle services, and providing liquidity,” he said.

 

According to Kurman, miners already have the ability to merge mine the private RSK testnet. “Bitcoin India is already merge-mining with 100% of it's hashing power. Most other major pools are testing the plugin,” said Kurman. “Once a separate soft fork is implemented in Bitcoin, the release [of bitcoins on the sidechain] will be done by a combination of miners and federation — hence a hybrid 2-way peg.”

RSK currently has 30 partners building on the platform from multiple different industries. “Once the source code becomes public and the platform open on May 22, we expect a lot of use cases being ported to RSK given its full compatibility with Ethereum,” Kurman stated.
 

David Ogden
Entrepeneur

 

Kyle Torpey, – Author

Alan Zibluk – Markethive Founding Member

How to Use Social Media for Your Lead Generation Marketing

How to Use Social Media for Your Lead Generation Marketing

  

Alan Zibluk – Markethive Founding Member

Elements of a Strong Inbound Marketing Strategy

Elements of a Strong Inbound Marketing Strategy

Are you a huge fan of cold calls? What about the marketing emails – that you never signed up for – invading your inbox? TV commercials in the middle of your favorite show? Unless it’s the Super Bowl, these marketing messages tend to be frowned upon or ignored rather than delightfully consumed.

 Most people that I know record TV programs solely so they can fast forward through the commercials. My TV capabilities are less sophisticated, but I typically use commercials to brush my teeth or clean the kitchen. I’m already on a “do not cold call list” with Verizon, and marketing emails are unsubscribed from more often than read. Non-remarketing display ads (i.e. the banner or sidebar ads we see when scanning websites) are clicked on an average of only 0.2%, according to Double Click. All of these methods fall under the family of “outbound marketing.” Shockingly enough, these disruptive outbound techniques convert at a much lower rate than inbound marketing strategies, where someone chooses to engage with your brand and actively seeks you out.

 

Inbound Marketing Strategies

Inbound strategies are all about being found naturally rather than aggressively pursuing leads through in-your-face tactics. Which person do you think would be more likely to buy a house? A. The person who received a message saying “Buy this house!” or B. The person who searched for and found the perfect house on their own? We both know the clear winner, which is inbound.

“Imagine a popup ad (outbound) vs. a funny infographic you chose to look at (inbound),” says Marketo’s Johnny Cheng. “Data clearly shows that people who choose to interact with your brand naturally convert higher.” Take a look at this conversion rate data by acquisition channel – inbound strategies have one of the highest rates, at almost 4%. Convinced that inbound marketing strategies kick ass for driving targeted leads and sales? Here are the 5 elements of a strong inbound marketing strategy, which you should be using!

SEO

SEO (search engine optimization) is a hard-to-control, waste-of-time tactic, right? Wrong: SEO is the process of optimizing your website’s content and structure for search in order to receive organic placements on the search engine results pages or SERPS. Having a quality website and content optimized for SEO ensures that Google’s web-crawling technology is able to identify and index your site’s content to have it appear for free to people searching. SEO is a critical part of your inbound strategy because if you can’t be found, then you’re not going to get business.

When SEO comes to mind I think keywords, code, website structure, link-building, and then my head starts spinning. SEO can actually get very complicated, quickly, so what should you be focusing on to get started? Start by identifying and utilizing the most important keywords to your leads. Of course, you want to ensure these keywords have high enough search volume and user intent to attract the most relevant audience. “There are many aspects of SEO, from the words on your page to the way other sites link to you on the web. Sometimes SEO is simply the matter of making sure your site is structured in a way that search engines understand,” explains Moz. I’m not an SEO guru by any means. Luckily, there is a plethora of free resources online so I’d recommend hopping over to Moz and our own SEO basics guide to get started.

PPC

Now we’re speaking my language! You might be thinking, wait – PPC is a paid tactic and aren’t paid strategies against the inbound methodology? Wrong! Paid search is technically still part of the inbound marketing family since search ads appear when a user is actively searching for something, therefore PPC ads are not interrupting another activity. Not all aspects of PPC will quality as inbound (like display ads), but ads on the search network are certainly one of the strongest elements of a strong inbound strategy, because search queries show so much intent.  So, how is PPC different then SEO? With paid ads, you’re paying for the placements on the SERPs rather than appearing organically. Why pay when you can appear organically? For multiple reasons…

With SEO:

  • You have far less control over when and how you appear on the search results page
  • A tweak in the algorithms can ruin your organic visibility
  • Seeing results often takes a long time (and isn’t guaranteed!)

With paid search, you’re able to pay for the top placements where people are more likely to see your ads and bid on specific keywords to attract qualified visitors. You have the control to adjust your budget, pause your ads during irrelevant times, target mobile searchers, easily measure your ROI, and the list goes on. Moral of the story is that you should be doing both SEO and PPC to get the highest volume and quality of leads.

Content Marketing

You wouldn’t have guests over and not serve a cocktail, right? The same goes for leads! Now that you’ve warmly welcomed them in the door through PPC and/or SEO you need to provide them something to drink, aka content. Oftentimes marketers think of content as the sole component to inbound marketing strategy, and while it’s certainly not the only aspect, it is a very critical one. Without fresh and useful content there is no chance of keeping and converting your leads. Your content should come in multiple forms with the goal of helping your audience answer a question or solve a problem.

The key to content marketing is that your content needs to stand out. “Your content must be remarkable enough to break through the clutter. It’s not enough to just produce content,” says Entrepreneur’s Murray Newlands. “Your content must educate, inspire or entertain your audience.”

So, where to start?

  • Create a blog:
    You should already know this, but a quality blog is one of the most effective ways to market a business. Blogging will help you attract new visitors, gain returning visitors, and convince warmer leads. A blog is a hub to keep your audience informed and prove that you’re a thought-leader in your industry. Here at WordStream, our blog accounts for more than half our total traffic!
  • Create guides, e-books, and other downloadable content:
    This will help your nurture your leads with longer-form content where you can sell how your products or services will help them.
  • Gather customer testimonials and create case studies:
    Case studies and customer testimonials will help convince leads that are further down the funnel. Hearing from someone like them will instill trust and up the chances of conversion.

     
  • Create a content :
    To ensure you stay on top of publishing fresh content regularly.
    calendar

Social Media

So you’ve created phenomenal content, published it on your site, and now you’re lounging on your beach chair enjoying a glass of wine? Well, you’re certainly not going to get profitable results with that attitude. You NEED to be attracting new and returning readers by sharing and promoting your content on social media. Creating the content is only a small piece of the puzzle. Ensuring the content reaches relevant people is where social comes in. This is inbound marketing because only people who want to see your content will follow your brand, and it's a great way to "subsidize" your organic traffic if you don't have great rankings yet.

Nowadays, anyone who’s anyone is on social media, whether it be Facebook, Twitter, LinkedIn, Vine, Instagram, or Periscope; your audience is likely on multiple of these channels. Determining which platforms are most relevant to your buyer personas in a task in itself, but I can guarantee that several of your leads are spending a significant chunk of their time-consuming content through their personal social channels. 

Spend time creating a social media promotion plan to distribute your content to the right people, analyzing your top performing content, and paying to promote and gain even more traffic to the content that’s resonating with your audience.

Landing Pages

Your landing page is where your leads land after clicking on your call-to-action (another important element of your inbound marketing strategy). Whether it be a product page, a form fill-out to download a whitepaper, or a subscription service page, you need to ensure your landing page is top-notch unless you’d like to jeopardize potential conversions from coming in. Some important elements to keep in mind…

  • Relevancy:
    You need to make sure that the landing page is relevant to the call-to-action. For example, if your visitor lands on your page from a paid search ad advertising birthday cakes, you wouldn’t send them to a landing page selling Christmas cookies, right?
  • Focus:
    What is the goal of your landing page? Is it to “Sign Up for this E-Newsletter!” or “Download this Guide Today”? Make your landing page’s purpose singular. Ensure the CTA is big, prevalent, and above the fold. Also, make sure to restrict the navigation to other pages and keep forms short.
  • Design:
    This is a major component of keeping visitors engaged. Using videos or images, testimonials, and trust signals are all design elements that can help improve the conversion rates of your landing pages. Run A/B tests to decide on the best designs for your landing pages.

Bonus Inbound Marketing Tip: Remarketing

Once a lead has visited your site, expressed interest in your content, products or offerings, you need a strategy in place to keep them engaged. One of the most effective tactics? Remarketing. These tactic cookies your site visitors and follows them around the web with ads reminding them to come back. Remarketing can be set in a variety of ways. For instance, you can remarket to anyone who visited your site, show a specific ad to visitors who went to a certain page (or a set of pages), or even an ad to someone who has placed items in a shopping cart but hasn’t converted.

My older sister called me the other day blown away when she saw an ad on Facebook of the exact dress she was just looking at on Nordstrom’s website. Yes, she is a stay-at-home mom who’s a bit disconnected from the marketing world, but it just proves that this tactic resonates with shoppers. Remarketing says “Hey there, remember us? Are you still interested? ” which is why the tactic is considered a member of the inbound family since the shopper has already expressed interest. Covering these elements will provide a solid infrastructure for a killer inbound marketing strategy.

Chuck Reynolds
Contributor

Alan Zibluk – Markethive Founding Member

How to Develop a Business Growth Strategy

 

How to Develop a Business Growth Strategy
There are many ways to guide a business through a period of expansion.

  

Turning a small business into a big one is never easy.
The statistics are grim. Research suggests that only one-tenth of 1 percent of companies will ever reach $250 million in annual revenue. An even more microscopic group, just 0.036 percent, will reach $1 billion in annual sales.

In other words, most businesses start small and stay there.

But if that's not good enough for you—or if you recognize that staying small doesn't necessarily guarantee your business's survival— there are examples of companies out there that have successfully made the transition from start-up to small business to fully thriving large business.

That's the premise behind the search Keith McFarland, an entrepreneur and former Inc. 500 CEO, undertook in writing his book, The Breakthrough Company. "There have always been lots of books out there on how to run a big company," says McFarland, who now runs his own consulting business, McFarland Partners based in Salt Lake City. "But I couldn't find one about how to maintain fast growth over the long-term. So I studied the companies who had done it to learn their lessons." What follows are some of the lessons McFarland learned from his study of the breakthrough companies and how they can help you create a growth strategy of your own.

Developing a Growth Strategy: Intensive Growth

Part of getting from A to B, then, is to put together a growth strategy that, McFarland says, "brings you the most results from the least amount of risk and effort." Growth strategies resemble a kind of ladder, where lower-level rungs present less risk but maybe less quick-growth impact. The bottom line for small businesses, especially start-ups, is to focus on those strategies that are at the lowest rungs of the ladder and then gradually move your way up as needed. As you go about developing your growth strategy, you should first consider the lower rungs of what are known as Intensive Growth Strategies. Each new rung brings more opportunities for fast growth, but also more risk. They are:

Market Penetration.
The least risky growth strategy for any business is to simply sell more of its current product to its current customers—a strategy perfected by large consumer goods companies, says McFarland. Think of how you might buy a six-pack of beverages, then a 12-pack, and then a case. "You can't even buy toilet paper in anything less that a 24-roll pack these days," McFarland jokes. Finding new ways for your customers to use your product—like turning baking soda into a deodorizer for your refrigerator—is another form of market penetration.

Market Development.
The next rung up the ladder is to devise a way to sell more of your current product to an adjacent market—offering your product or service to customers in another city or state, for example. McFarland points out that many of the great fast-growing companies of the past few decades relied on Market Development as their main growth strategy. For example, Express Personnel (now called Express Employment Professionals), a staffing business that began in Oklahoma City quickly opened offices around the country via a franchising model. Eventually, the company offered employment staffing services in some 588 different locations, and the company became the fifth-largest staffing business in the U.S.

Alternative Channels.
This growth strategy involves pursuing customers in a different way such as, for example, selling your products online. When Apple added its retail division, it was also adopting an Alternative Channel strategy. Using the Internet as a means for your customers to access your products or services in a new way, such as by adopting a rental model or software as a service, is another Alternative Channel strategy.

Product Development.
A classic strategy, it involves developing new products to sell to your existing customers as well as to new ones. If you have a choice, you would ideally like to sell your new products to existing customers. That's because selling products to your existing customers is far less risky than "having to learn a new product and market at the same time," McFarland says.

New Products for New Customers. 
Sometimes, market conditions dictate that you must create new products for new customers, as Polaris, the recreational vehicle manufacturer in Minneapolis found out. For years, the company produced only snowmobiles. Then, after several mild winters, the company was in dire straits. Fortunately, it developed a wildly successful series of four-wheel all-terrain vehicles, opening up an entirely new market. Similarly, Apple pulled off this strategy when it introduced the iPod. What made the iPod such a breakthrough product was that it could be sold alone, independent of an Apple computer, but, at the same time, it also helped expose more new customers to the computers Apple offered. McFarland says the iPhone has had a similar impact; once customers began to enjoy the look and feel of the product's interface, they opened themselves up to buying other Apple products.

If you choose to follow one of the Intensive Growth Strategies, you should ideally take only one step up the ladder at a time, since each step brings risk, uncertainty, and effort. The rub is that sometimes, the market forces you to take action as a means of self-preservation, as it did with Polaris. Sometimes, you have no choice but to take more risk, says McFarland.

Developing a Growth Strategy: Integrative Growth Strategies

If you've exhausted all steps along the Intensive Growth Strategy path, you can then consider growth through acquisition or Integrative Growth Strategies. The problem is that some 75 percent of all acquisitions fail to deliver on the value or efficiencies that were predicted for them. In some cases, a merger can end in total disaster, as in the case of the AOL-Time Warner deal. Nevertheless, there are three viable alternatives when it comes to an implementing an Integrative Growth Strategy. They are:

Horizontal.
This growth strategy would involve buying a competing business or businesses. Employing such a strategy not only adds to your company's growth, it also eliminates another barrier standing in your way of future growth—namely, a real or potential competitor. McFarland says that many of breakthrough companies such as Paychex, the payroll processing company, and Intuit, the maker of personal and small business tax and accounting software, acquired key competitors over the years as both a shortcut to product development and as a way to increase their share of the market.

Backward.
A backward integrative growth strategy would involve buying one of your suppliers as a way to better control your supply chain. Doing so could help you to develop new products faster and potentially more cheaply. For instance, Fastenal, a company based in Winona, Minnesota that sells nuts and bolts (among other things), made the decision to acquire several tools and die makers as a way to introduce custom part manufacturing capabilities to its larger clients.

 Forward.
Acquisitions can also be focused on buying component companies that are part of your distribution chain. For instance, if you were a garment manufacturer like Chicos, which is based in Fort Myers, Florida, you could begin buying up retail stores as a means to pushing your product at the expense of your competition.

Developing a Growth Strategy: Diversification

Another category of growth strategies that was popular in the 1950s and 1960s and is used far less often today is something called diversification where you grow your company by buying another company that is completely unrelated to your business. Massive conglomerates such as General Electric are essentially holding companies for a diverse range of businesses based solely on their financial performance. That's how GE could have a nuclear power division, a railcar manufacturing division and a financial services division all under the letterhead of a single company. This kind of growth strategy tends to be fraught with risk and problems, says McFarland, and is rarely considered viable these days.

Developing a Growth Strategy: How Will You Grow?

Growth strategies are never pursued in a vacuum, and being willing to change course in response to feedback from the market is as important as implementing a strategy in a single-minded way. Too often, companies take a year to develop a strategy and, by the time they're ready to implement it, the market has changed on them, says McFarland. That's why, when putting together a growth strategy, he advises companies to think in just 90 chunks, a process he calls Rapid Enterprise Design. Sometimes the best approach is to take it one rung at a time.

Chuck Reynolds
Contributor

Alan Zibluk – Markethive Founding Member

Bitcoin wobbles as traders turn to other cryptocurrencies

bitcoin wobbles as traders turn to other cryptocurrencies

Bitcoin wobbles as traders turn to other cryptocurrencies

Bitcoin wobbles as traders turn to other cryptocurrencies

It's been a volatile period for Bitcoin investors, as holders of the cryptocurrency prepare for a potential 'fork' in the blockchain.

From Friday morning until Monday afternoon, Bitcoin was trading under the $1,000 level, and even fell beneath $900 on Saturday. This is significant as, barring the weekend of March 18 and 19, Bitcoin has traded above $1,000 since early February and hit a fresh all-time high of around $1,325 on March 10.

Bitcoin is currently back above the $1,000 handle, but is well off these recent highs, wiping billions off of its market cap value.

There are several causes for the recent volatility: Chinese regulators cracked down on Bitcoin exchanges, while U.S. authorities rejected a proposal for a Bitcoin-backed exchange-traded fund (ETF). The current concern is over the future of the Bitcoin technology.

Bitcoin faces a scaling issue, where the number of Bitcoin transactions that can happen on the blockchain at any one time is limited. This is creating a backlog of transactions that are needed to be processed and slowing down the system.

A group called Bitcoin Unlimited advocates for increasing the size of the blocks on the blockchain in order to process more transactions, but this has split the community. To increase the block size would involve splitting the blockchain, causing a fork and creating two major blockchains. This would effectively create two different coins and it's not clear which would become dominant.

As a result, investors are hedging their bets or selling out of Bitcoin, waiting to see whether or not the fork will happen, and if so, which blockchain will be favored by the market.

Data from Bitfinex indicates around 49 million more coins have been sold than bought, or roughly 5 percent of total coins traded, in the last 30 days. Through March, the number of long Bitcoin positions held by investors has decreased from 26,858 to above 23,142, while the number of short positions has increased from 9,820 to 14,731.

Meanwhile, the market cap of blockchain assets other than Bitcoin, such as ether, dash and monero, has more than doubled since March 10 from $3.5 billion to more than $7 billion, according to Chris Burniske, blockchain products lead analyst at ARK Invest.

"At the same time, Bitcoin's market cap has gone from $19 billion to $16 billion. Hence, Bitcoin's market cap has lost $3 billion in value while the combined market cap of all other blockchain assets has added more than $3 billion," he told CNBC via email.

"Given these market indicators, it would appear investors are diversifying their blockchain asset holdings, positioning themselves for a generally rising tide in this emerging asset class."

Whether or not the fork happens is hard to tell, but it may harm Bitcoin's brand, according to Jani Valjavec, co-founder of ICONOMI, a digital asset management platform for cryptocurrencies. Valjavec argues the brand is the main thing behind Bitcoin's value.

"It has wide acceptance now, real world use cases, it can be a great store of value, and it is currently trusted by the community. Our understanding is that a hard fork, instigated by two parties with very competing interests, will primarily weaken the brand," he told CNBC via email.

"The next biggest brand in the distributed economy is Ethereum, and that's why we believe it will benefit the most."

However, Fran Strajnar, co-founder & CEO of data and research company Brave New Coin, says the market is still within the parameters of a Bitcoin bull cycle.

"The proposed contentious fork is unlikely but better to happen now than in the distant future. We would end up with the original Bitcoin and remaining miners activating segwit (a well-designed package of system upgrades) and a new, much smaller, privatized alternative version of Bitcoin," he told CNBC via email.

"The sum result of all the network fork (fear, uncertainty and doubt) is we are seeing investors hedge by buying into ether. We expect a price drop if there is a fork but a similar outcome to Ethereum, where the long term market capitalization increases for both assets."

David Ogden
Entrepreneur

 

Luke Graham

 

 

Alan Zibluk – Markethive Founding Member

What is The Future of Cryptocurrency?

What is The Future of Cryptocurrency?

  

Bitcoin is experiencing high volatility

Currently, Bitcoin is experiencing high volatility that it maybe caused by the recent SEC impediment to create the first bitcoin ETF, or exchange traded fund.Some people in the crypto community were confident about the U.S. Securities and exchange commission positive decision that this hope drove the price, allowing bitcoin to reach its new all time highs.

Then, the SEC announcement about its decision to reject the Winklevoss’ proposal affected the bitcoin and other digital currencies market, but – after a first drop – the greatest part of the digital currencies are currently experiencing new highs.Right now, Ether, or the cryptocurrency that fuels the Ethereum blockchain, reached its new all time high with a price of $40 at present time.

That said, leaving aside the price-related matters, the SEC decision opened another important question: can bitcoin and other digital currencies survive without any approval by institutions? Is it true – as said by Bank of Canada – that it cannot reach a massive diffusion without any formal regulation?

Where will crypto be in the future?

Of course, I don’t have a crystal ball, but for me Bitcoin – with capital B, or the technology behind it: the blockchain – will have a prosperous future.Its importance goes far beyond bitcoin and payment transactions as this is just one – and the most banal – of its application.

Davide Menegaldo, COO at Helperbit, said:

I would imagine this scenario: in the future financial instruments linked to bitcoin will be finally approved. High finance will invest into the cryptocurrency (more than the 300M expected for the bitcoin ETF approval). I’m thinking about 5-10 times the current price. Bitcoin will not necessarily be used as a method of payment (it depends also on how the size block / Segregated witness / LN matter will proceed or will not), but primarily it will be used as a store of value. However, there will be much more competition as a payment method because some banks could issue their own crypto currency, while the current ones will remain a handful. Ethereum will consolidate as the second most important infrastructure, and 99% of ICO tokens will have any value”

Ethereum future

The same thing happens with the Ethereum blockchain. Ether is only one of its possible applications, so people could not use ether as a method of direct payment, but the main important revolution brought by Ethereum are the so-called smart contracts and we will hear a lot about them in the next future.Smart contracts, in fact, allow a huge possibility of applications. They are computer protocols that have the main purpose of executing the terms of a contract in order to satisfy common contractual conditions without the need of trusted intermediaries.

This way, smart contracts can be used as the deepest layer of any kind of application development and not just to set payment-related transactions.According to Leonardo Pedretti (Ethereum Italia and Etherevolution), in five years from now, Ethereum will be the undiscussed leader as the main platform to be used for development and smart contract execution:

Users will use Ethereum even without knowing it. The same thing happens today when you download an app, without knowing deeply the technology used behind it,” explained us Pedretti.

Dash and Zcash

Everyday we experience the birth of a new digital currency, but only a few will survive in the next future, as said by our friends above.Two of those crypto might be Dash and Zcash (ZEC) that recently experienced new higher prices.At present time, Dash and Zcash have respectively a value of $100 and $70. Of course, their monetary values mean nothing in terms of what will happen in future, but we can say that they are showing a high interest.

Also, Zcash provides a revolutionary cryptocurrency that is fully anonymous, so the data showed on the blockchain doesn’t provide any info about the amount or the people involved in the transaction. This feature may could be vital for Zcash future because no other digital currency – together with Monero (XMR) – allows this kind of complete anonymity and privacy.

Today Monero ($123) reached the fourth place according to its market capitalization ($255.773.115), right after bitcoin, ether and dash. Created back in 2014, it soon doubled – and then quadrupled – its price. This renewed interested in the Monero currency might be caused by the low bitcoin scalability. In fact, it is faster and with lower fees than bitcoin.

This means that if the scalability-related issue of bitcoin won’t be solved soon (Hard-fork scenario), altcoins will increase their value, popularity and market cap, so they will be more used to as a payment gateway, while bitcoin will be more and more exploited as a store of value. But this only if the block size debate won’t be solved soon…Of course, as I said, we can only do speculations and predictions as we don’t really know what can happen next, but according to me Bitcoin and blockchains will be never forgotten and will be more and more used in the next five years.

Chuck Reynolds
Contributor

Alan Zibluk – Markethive Founding Member