Monthly Archives: February 2019

Markethive

What happens the moment after you die?

Leave a comment

Every day thousands of people will take their final breath and slip into eternity, either into heaven or into hell. Although we may never know their names, the reality of death happens every day.

What happens the moment after you die?

The moment after you die, your soul temporarily departs from your body to await the Resurrection.

https://youtu.be/YqHAio_Wf4E
Those who place their faith in Christ will be carried by the angels into the presence of the Lord. They are now comforted. Absent from the body and present with the Lord.

Meanwhile, unbelievers await in Hades for the final Judgment.

“And in hell he lift up his eyes, being in torments… And he cried and said, Father Abraham, have mercy on me, and send Lazarus, that he may dip the tip of his finger in water, and cool my tongue; for I am tormented in this flame.” ~ Luke 16:23a-24

“Then shall the dust return to the earth as it was: and the spirit shall return unto God who gave it.” ~ Ecclesiastes 12:7

Although, we grieve over the loss of our loved ones, we sorrow, but not as those who have no hope. “For if we believe that Jesus died and rose again, even so them also which sleep in Jesus will God bring with him. Then we which are alive and remain shall be caught up together with them in the clouds, to meet the Lord in the air: so shall we ever be with the Lord. Wherefore comfort one another with these words.” ~ 1 Thessalonians 4:14, 17-18

While the unbeliever’s body remains resting, who can fathom the torments he is experiencing?! His spirit screams! “Hell from beneath is moved for thee to meet thee at thy coming…” ~ Isaiah 14:9a

Unprepared is he to meet God!

 

Although he cries in his torment, his prayer offers no comfort whatsoever, for a great gulf is fixed where no one can pass to the other side. Alone he is left in his misery. Alone in his memories. The flame of hope forever extinguished of seeing his loved ones again.

On the contrary, precious in the sight of the Lord is the death of His saints. Escorted by the angels into the presence of the Lord, they are now comforted. Their trials and suffering are past. Although their presence will be deeply missed, they have hope of seeing their loved ones again.

***

Dear Soul,

Do you have the assurance that if you were to die today, you’ll be in the presence of the Lord in heaven? Death for a believer is but a doorway that opens into eternal life. Those who fall asleep in Jesus will be reunited with their loved ones in heaven.

Those you’ve laid in the grave in tears, you shall meet them again with joy! Oh, to see their smile and feel their touch… never to part again!

Yet, if you don’t believe in the Lord, you’re going to hell. There is no pleasant way to say it.

The Scripture says, “For all have sinned, and come short of the glory of God.” ~ Romans 3:23

Soul, that includes you and me.

Only when we realize the awfulness of our sin against God and feel its deep sorrow in our hearts can we turn from the sin we once loved and accept the Lord Jesus as our Savior. “That if thou shalt confess with thy mouth the Lord Jesus and shalt believe in thine heart that God hath raised him from the dead, thou shalt be saved.” ~ Romans 10:9

Don’t fall asleep without Jesus until you are assured of a place in heaven.

Tonight, if you would like to receive the gift of eternal life, first you must believe in the Lord. You have to ask for your sins to be forgiven and put your trust in the Lord. To be a believer in the Lord, ask for eternal life. There’s only one way to heaven, and that’s through the Lord Jesus. That’s God’s wonderful plan of salvation.

You can begin a personal relationship with Him by praying from your heart a prayer such as the following:

“Oh God, I’m a sinner. I’ve been a sinner all of my life. Forgive me, Lord. I receive Jesus as my Savior. I trust Him as my Lord. Thank you for saving me. In Jesus’ name, Amen.”

Alan Zibluk Markethive Founding Member

Markethive

Does Prayer Make a Difference?

Leave a comment

Prayer makes a difference, and it’s best if you use both channels: talking and listening.

Written by Colin Millar on 05/02/2019

Series: Weekly Devotional

Tags: Confidence, God, Prayer

Then the king said to me, “What are you requesting?” So I prayed to the God of heaven. …. And the king granted me what I asked, for the good hand of my God was upon me.

Nehemiah 2:4, 8

By Colin Milar

If you look at the verses above, one of the shortest prayers mentioned in the Bible made a huge difference, and Nehemiah received everything he needed to rebuild the walls of Jerusalem in just 53 days! In Nehemiah’s case, his short prayer for help in mid-sentence of answering King Artaxerxes’ question: “What is your request?” is a beautiful picture of what God calls us to do in 1 Thessalonians 5:17: “Pray without ceasing.” Nehemiah prayed in the midst of a conversation because he knew, by faith, that his heart cry would make a difference.

God talks to us!

We were visiting some dear friends a number of years ago who had twin daughters, and we were building a ropes course amongst some large trees. I was balancing on the first rope six feet up, twisting and tightening the rope above me with a screwdriver. Suddenly, it sprung out of my hand and spun through the air, landing somewhere buried in the thick leaves. At the same time, I lost my balance and fell on my back safely in the blanket of leaves. 

I stood up saying, “Children, let’s look for the screwdriver!” After 5 minutes of fruitless searching, 3-year-old Christopher tapped me on the knee saying: “Daddy we need to pray!” I responded: “Let’s just find the screwdriver, son!” Another 3 minutes, no screwdriver, and a much more insistent: “Daddy we need to pray!” 

The Holy Spirit zapped my heart. I dropped to my knees beside my son, saying: “I’m so sorry son! Yes, of course we need to pray! Come, children, let’s join hands.” 

Christopher simply said, “Jesus, You know where our screwdriver is. Please show us, in Jesus’ name we pray, amen.”
  
I stood up, stepped back, and under my foot was the screwdriver. 

Is there a project, a problem, or a promise you are working on without success? And without prayer? There is nothing too small nor too large about which our Father is longing for you to ask His help. God had to send my son twice in order for me to listen and then hear, but I assure you, He is ever standing at the door of your heart, knocking and waiting for you to hear and invite Him in. (Revelation 3:20)

Just sit back, be still, and bring that situation before Him right now and remember: “Daddy we need to pray!” 

Pray this week:

Oh Lord, will You make me obedient to your Great Commission?

One of God’s best ways through which He teaches us to pray is when we “go and make disciples.” (Matthew 28:19) God has used my growing friendship with Curtis Sergeant to thrust me into the high adventure of obediently living out the Great Commission. You could share this with your online friends with our Facebook sharing button below. God can take your little bit of obedience to His Word and bring life-transforming impact to hundreds of other people’s lives.

 If you, like me, have or do struggle with being obedient to God’s Great Commission, watch Curtis’s 30 minute message on immediate, radical and costly obedience. I confess that my obedience to making multiplying disciples only came after a six-year delay from when I first attended the Steve Smith Training for Trainers to make multiplying disciples.
 

Will you ask this question to someone every day this week?: "If there was one thing we could pray now for you personally, what would it be?"

Commit to ask this question of one person a day, then pray for them out loud right on the spot and you will see how prayer makes a difference!

Alan Zibluk Markethive Founding Member

Markethive

What’s Next For The Bitcoin Price? Crypto Analysts Weigh In

Leave a comment

What's Next For The Bitcoin Price? Crypto Analysts Weigh In

What’s Next For The Bitcoin Price? Crypto Analysts Weigh In

 

What’s Was Behind Friday’s Crypto Boom?

Your eyes aren’t kidding themselves. On Friday, the Bitcoin price truly did boom, with BTC moving higher than $3,700 for the first time in seemingly forever, seemingly on the back of zero catalysts. As normal, altcoins followed, with Litecoin (LTC) posting a 30% gain, as a majority of other cryptocurrencies posted daily returns that ranged between BTC’s 8% and LTC’s 30%.

This move, which was the first bout of notable crypto volatility in weeks, pushed the aggregate value of all cryptocurrencies beyond $121 billion, which comes after the figure traded in and around $110 billion, as the Bitcoin price stalled at $3,400 — inches above its ever-important yearly low price point.

But what caused the surge in the Bitcoin price?

Some have argued that this was single-handedly catalysed by the bump in Litecoin, as the hype regarding the project’s block reward reduction, coupled with its potential integration of Grin-esque MimbleWimble technology and/or more traditional confidential transactions in the near future. Yet, some say it has more to do with the broader fundamentals in the cryptosphere, especially regarding the flagship asset and its not-so walled garden ecosystem.

Some notable fundamental news, which has been deemed catalysts by some, include Abra’s launch of crypto-to-stock capabilities, rumors regarding the approval of a Bitcoin ETF application, the incessant stream of Wall Street-centric products, and funny enough, somewhat bearish comments from Fundstrat.

Bitcoin Price: Where To Next?

While this all is well and good, what’s next for the Bitcoin price?

Well, most notable analysts on Twitter, who sport tens of thousands of followers, claim that upside for cryptocurrencies, especially BTC, is inbound due to technical analysis. Benjamin Blunts, a markets analyst enamored with volatility, claimed that a declining diagonal that he’d been tracking for the past four weeks had concluded with this move.

Thus, he subsequently remarked that upside is inbound, drawing a somewhat nebulous arrow to the $4,300 price level.

Benjamin even noted that it is rest in pieces for all the $1,800 bears, likely referencing a comment from his peer, the Crypto Dog, in which the analyst stated that he wouldn’t be all too surprised to see $1,800 for BTC in the near future.

DonAlt was seemingly just as bullish. The pre eminent trader noted that BTC and Ethereum (ETH) are nearing the top of their short-term trading ranges, meaning profit-taking would be optimal. Yet, considering the “violence” that has occurred in these markets in recent weeks, Don remarked that he wouldn’t be surprised to see $4,000 for the Bitcoin price, which is around two levels of importance as depicted in the image below.

Galaxy, a leading crypto bull and self-proclaimed “accumulation machine,” drew an optimistic “Adam and Eve” chart outlining the Bitcoin price. In the analysis, which was optimistic first and foremost, Galaxy noted that BTC could trend slightly lower, for the time being, potentially retesting its yearly lows, before breaking above $4,000 (which would confirm a recovery) and moving back above $5,000, $6,000 and beyond by year’s end.

 

Nick Chong by Nick Chong February 9, 2019

Alan Zibluk Markethive Founding Member

Markethive

BITCOIN NOT GOLD REMAINS BEST BET AGAINST DEBT-BASED FIAT PONZI SCHEME

Leave a comment

 

BITCOIN (NOT GOLD) REMAINS BEST BET AGAINST DEBT-BASED FIAT PONZI SCHEME

The price of gold has been on a bit of a tear recently as investors begin scaling into precious metals amid stock-market uncertainty — but some investment professionals believe there’s a better hedge out there. Of course, that hedge is Bitcoin.

At the moment, Bitcoin (BTC) might not look like a more attractive investment option to the impartial eye. Gold appears to have bottomed at just above $1150 per ounce as stock markets begin to show signals of being overbought and signs on an impending financial recession have put smart money on alert.

f you really want to hedge against the debt-based Ponzi scheme central banks run with printed fiat currencies, however, there’s an alternative currency created for that very reason — Bitcoin (BTC).

‘BETTER THAN GOLD’

According to some investment professionals with skin in the game, the first and foremost cryptocurrency is more attractive than precious metals. Travis Kling, Ikigai Asset Management’s founder and Chief Investment Officer, reportedly stated at the Cayman Alternative Investment Summit in Grand Cayman:

There is a really good chance we have something better than gold. It’s like a CDS against fiscal and monetary policy irresponsibility.

As noted by CNN, Kling takes issue with the current global debt situation and the way central banks have propped up growth. The United State’s national debt is currently approaching 22 trillion USD and the Federal Reserve can no longer feasibly lower interest rates — a recipe many see as leading to another global financial recession.

‘BEYOND ANY OF OUR IMAGINATIONS’

With fiat inflation and a loss of trust in the government’s fiscal policies comes the mass adoption of viable alternatives. With this view, Morgan Creek founder and CEO Mark Yusko has gone on record to state:

We believe bitcoin will be one of, if not the, largest network on the planet. We are in the middle of the greatest wealth opportunity … It’s beyond any of our imaginations.

 

ELSA SAIKKONEN | FEB 08, 2019 | 00:00

Alan Zibluk Markethive Founding Member

Markethive

Jesus Has Saved Me

Leave a comment

How can you be sure you are saved?

Series: Look to Jesus

If you have had feelings of doubt following your decision to receive Christ, you are not alone. How can you be sure you are saved? How do Christians find confidence they will remain in their relationship with Jesus?

What must I do to be saved?

First, look to see what God says you must do to be saved. The Bible says salvation is simple. “Believe on the Lord Jesus, and you will be saved.” (Acts 16:31) Salvation begins with “repentance” – turning from sin and depending only on Jesus, instead of yourself or someone else. When people asked Jesus what kind of human work God likes, He said, “This is the only work God wants from you: Believe in the one he has sent.” (John 6:29).

Second, what did God promise? “And this is what He promised us—eternal life” (1 John 2:25). It cost Jesus His own blood, giving up His life, to give you eternal life. But it was a free gift to you (Ephesians 2:8-9).

What the Bible says about being saved:

  • Jesus is the Good Shepherd, who has given His life for His sheep (John 10:11). No one can snatch them from His grip (John 10:28-29).
  • Those who come to Him will never be driven away (John 6:37).
  • Since God knows everything from the very beginning of time, His acceptance of you could not be a mistake. He does not take back His gifts. He does not take back His calling (Romans 11:29).
  • God's children are sealed with the Holy Spirit–God’s own Spirit, living inside you. God sees you as His own child, and you can look at Him as your Father (2 Corinthians 1:22, Ephesians 1:13, 4:30, Romans 8:15).
  • You are kept in His grace, not by your good works, but by God Himself: "You are being kept by the power of God because you put your trust in Him and you will be saved from the punishment of sin at the end of the world" (1 Peter 1:5).
  • God is able to keep you from leaving your faith. He will present you clean and blameless when you meet Him in a joyful celebration of His glory (Jude 24).

As I look to Jesus, God's power and promise make me sure of my salvation.

Feelings come and go. Our mistakes sometimes make us wonder whether we are even saved. Jesus is faithful, even when we are not. God knows our struggles and gently reminds us to look to Jesus. If you are trusting only in Jesus — His sinless life, His death for you, His return from the dead, and His faithful promises — you can know that you have eternal life (1 John 5:13).

Alan Zibluk Markethive Founding Member

Markethive

BETTER LATE THAN NEVER – COINBASE WALLET FINALLY ADDS SUPPORT FOR BITCOIN

Leave a comment

BETTER LATE THAN NEVER - COINBASE WALLET FINALLY ADDS SUPPORT FOR BITCOIN

BETTER LATE THAN NEVER – COINBASE WALLET FINALLY ADDS SUPPORT FOR BITCOIN

Coinbase has officially announced support for Bitcoin (BTC) on its Coinbase Wallet app.

Previously known as Toshi, the newly-rebranded Coinbase Wallet has long supported Ethereum (ETH), Ethereum Classic (ETC), more than 100,000 ERC20 tokens and ERC721 collectibles. Now, users can finally use the wallet app for Bitcoin storage and transactions. (Why it took so long for the first and foremost cryptocurrency to be added to the Wallet is over our head — but it probably has ‘something to do with SegWit.’)

Speaking of Segregated Witness, Coinbase Wallet supports both the soft-forked wallet formats (which you should probably use) and old-school Bitcoin wallets — meaning everything is backward compatible. As an added bonus, Coinbase Wallet also supports the Bitcoin Testnet.

NOT YOUR KEYS, NOT YOUR BITCOIN

Unlike the standard Coinbase web-based platform or mobile app, storing Bitcoin (BTC) in Coinbase Wallet is private — meaning the San Francisco-based company doesn’t have access to your private keys. In fact, users private keys are encrypted using Secure Enclave technology.

The move from Coinbase positions its Wallet as a direct competitor to the likes of BRD, a popular and user-friendly iOS and Android app that allows users to privately store their digital assets without submitting know-your-customer (KYC) requirements. Furthermore, the move is almost certainly a move to provide Coinbase users with something they have been lacking for years — a proper wallet that actually puts users in control of their cryptocurrencies and cryptoassets.

For those still interested in Bitcoin Cash (BCH) and Litecoin (LTC), Coinbase is looking to add support for both of the altcoins in the near future.

In other news, Coinbase also just added support for PayPal in European Union (EU) and European Free Trade Association (EFTA) countries.

What do you think about Coinbase Wallet and the better-late-than-never addition of Bitcoin (BTC)? Do you plan on using it? Let us know your thoughts in the comments below!

 

ELSA SAIKKONEN | FEB 07, 2019 | 00:00

Alan Zibluk Markethive Founding Member

Markethive

Bitcoin BTC Transaction Count Has Crypto Community Bullish

Leave a comment

Bitcoin (BTC) Transaction Count Has Crypto Community Bullish

Bitcoin (BTC) Transaction Count Has Crypto Community Bullish

Bitcoin Transaction Counts On The Up-And-Up

Although Bitcoin (BTC) has continued to struggle in recent weeks, posting harrowing losses day-in, day-out, there are some optimists that are adamant that investors shouldn’t be alarmed.

Case in point, Ramen Lee, a crypto designer, recently took to Twitter to note that the number of BTC transactions per day has risen to the same levels seen in November 2017, when the digital asset boom was posting new all-time highs day-over-day.

As put by Ramen, the “price may be ‘s*it’, but the activity is going upwards.” This only underscores the ever-swelling fundamentals of the Bitcoin network.

Per previous reports from Ethereum World News, data compiled by Jameson Lopp, the chief technology officer of Casa, accentuated that from a fundamental perspective, 2018 was Bitcoin’s best year yet. Hashrate doubled, while a cumulative $410 billion in value was transacted on the “world’s most secure transactional settlement layer.” Bitcoin’s scaling solutions also saw notable levels of adoption. SegWit, a short-term, ‘bandaid-esque’ solution that squeezes more transactions into blocks, saw use swell from 10% to 40% over 2018. The Lightning Network, a long-term scaling solution that takes advantage of off-chain ledgers to facilitate effectively free, low cost, scalable, immutable, and private transactions, swelled to 500+ BTC capacity.

The Other Side Of The Coin

Although the swelling transaction count is evidently a sign that should spark optimism, there are other indicators that accentuate that the crypto community should be concerned. Murad Mahmudov, a leading Bitcoin trader with hopes of launching a crypto hedge fund, recently took to Twitter to touch on social metrics, and how they show that interest in the flagship cryptocurrency just isn’t present.

Mahmudov, who is a long-term believer in the potency of this asset class, divulged that as per BitInfo, tweets regarding the flagship cryptocurrency have reached 2014 levels, lower than any point in 2016.

Explaining the importance of this statistic, Mahmudov remarked that it’s almost as if “nothing has changed,” adding that this is an “absolute disaster for the price in the medium-term.” He noted that this accentuates how there are “far fewer people who care about decentralized, sovereign, uninflatable currency” than it may seem from the surface, and how little effect 2017’s parabolic run-up had on this community’s size.

In fact, Mahmudov quipped that more than 99% of all humans on Earth, whether poor, rich or from any other socioeconomic background, don’t care about the values that Bitcoin’s raison d’etre exemplifies. And as such, Bitcoin’s popularity boils down to its potential as a speculative asset, rather than libertarian, anarcho-capitalist, or cypherpunk ideologies. And as such, he concluded that this bear market could last longer than many may expect, with BTC potentially even falling to $1,700 apiece.
 

Chris Burniske, a partner at the blockchain-focused Placeholder Ventures and the co-author of “Cryptoassets,” noted that the mainstream “has almost entirely forgotten about Bitcoin again.” Gone are the days that “Bitcoin” was a popular word at the dinner table, as mainstream media outlets, the CNBC Fast Money segment, in particular, have slowed their coverage to a near-halt. Burniske touched on this, noting that via “conversations with people from home,” the crypto boom is still tangible in their minds, but the subsequent bust wasn’t observed.

But, while there seem to be few active industry participants quipping about Bitcoin on Twitter, some would argue that the cryptocurrency has reached mainstream adoption. Alistair Milne, the chief investment officer of the Digital Currency Fund, recently explained that millions, if not billions across the globe has heard the word “Bitcoin” in some context. And as such, when FOMO kicks in, for both institutions and retail investors alike, buying pressure is likely going to be stronger than ever.

 

Nick Chong February 5, 2019 in Bitcoin News, Crypto Analysis

Alan Zibluk Markethive Founding Member

Markethive

The Son of God

Leave a comment

Who is Jesus?

Series: Jesus Booklet
Who is Jesus Christ?
He is the founder of the largest religion — Christianity — with over two billion followers. Those two billion believe that Jesus Christ is the Savior of the world and the Son of God. He is completely unique. The Bible says, "God so loved the world that He gave His one and only Son, that whoever believes in Him shall not perish but have eternal life." (John 3:16). The most important decision you will make in your entire life is whether to believe in Jesus Christ or not — on that rests your eternal destiny.

Are you willing to learn about Jesus Christ today?
What makes it possible to study Jesus is that His life was one of the most well documented of any in ancient times. Three of His followers, Peter, Matthew, and John, wrote books about Jesus in the New Testament. The apostle Paul wrote extensively about Jesus within the first thirty years after His death. Two other Gospels, Luke and Mark, were written by people who traveled and spoke extensively with Peter and Paul.

Jesus can change your life today, even as He has changed others’ lives throughout history.
Come on a journey as we learn about Jesus Christ — who He really was and is today. You will find out why He is the most important Person in the world — and what He can mean to your life today.

Who did you think Jesus is? Do you believe that Jesus really was the Son of God? If you're not sure, talk to a caring Christian about it!

Alan Zibluk Markethive Founding Member

Markethive

Bitcoin could rise by 84 per cent’ in 2019

Leave a comment

Bitcoin ‘could rise by 84 per cent' in 2019

Bitcoin ‘could rise by 84 per cent’ in 2019

After a horror 2018, these experts are tipping a bitcoin bounce that could see the cryptocurrency end the year at nearly double its current price.

After peaking at $US20,000 in December 2017 off the back of a global cryptocurrency mania, bitcoin lost 71 per cent of its value and spent most of last year hovering around the $US4000 mark. At the time of writing, bitcoin was trading at just under $US3500.

Of the six fintech experts who offered their predictions, Digital Capital Management chief operating officer Ben Ritchie was the most bullish, tipping a year-end price of $US9500. The average price prediction was just under $US7000.

“Two things to look out for in 2019 will be whether we will see decoupling of the cryptocurrencies, as to date they have trended in a relatively similar manner,” Mr Richie said in the report, forecasting a “slow and steady rise in 2019”.

“The second is the impact of the traditional markets on cryptocurrencies. Will bitcoin rise if the S&P drops? On-ramp and off-ramps to purchasing cryptocurrencies will improve in 2019 with Bakkt and Fidelity Group entering the market. However, I do not believe we will see many institutional investors enter for some time yet.”

It comes as a poll by the comparison website found millennials have been the biggest adopters, with 12 per cent of respondents aged 24 to 38 saying they invest in cryptocurrency, which would equate to 661,000 young Australians.

Bitcoin, the original digital currency, was the most in-demand, followed by ethereum and ripple. Overall some 6 per cent of adults, or an estimated 1.1 million Australians, said they invest in cryptocurrency, up from 5 per cent a year ago.

“Millennials are particularly open to embracing crypto in order to accumulate wealth for themselves,” said Finder.com.au and HiveEx.com co-founder Fred Schebesta. “They’ve grown up with digital technology, so it’s little wonder they want to get involved in digital currency. They are looking at investing very differently to their parents.”

Mr Schebesta said lack understanding was one of the bigger barriers to entry, with 11 per cent of respondents saying it was too complicated to trade in cryptocurrency. Older Australians were particularly sceptical, with only 1 per cent of Baby Boomers getting involved.

Frank Chung

Alan Zibluk Markethive Founding Member

Markethive

Digital Gold Thesis Shows Bitcoin BTC Is Undervalued Should Be At 10000

Leave a comment

Digital Gold Thesis Shows Bitcoin (BTC) Is Undervalued, Should Be At $10,000

Digital Gold Thesis Shows Bitcoin (BTC) Is Undervalued, Should Be At $10,000

Bitcoin Likely “Massively Undervalued,” Claims Analyst

PlanB, a leading cryptocurrency-friendly researcher on Twitter that has the handle “100trillionUSD” a (likely reference to his/her long-term prediction for the market capitalization of Bitcoin), recently took to his feed to claim that at the moment, BTC could be “MASSIVELY undervalued.”

Citing a comment regarding Bitcoin’s underlying status/value proposition from Satoshi Nakamoto, the crypto godfather, himself, PlanB noted that BTC is similar to a metal “as scarce as gold,” yet unlike physical precious metals, it can be transferred/transported over a digital communications channel in a secure, decentralized, immutable, censorship-resistant, and efficient manner.

Considering traditional valuation models of scarce metals (gold, silver, palladium, platinum), like stock-to-flow ratios, PlanB noted that BTC is currently valued at one-third of its fair value, meaning that it should currently be priced at around $10,400 apiece. And, after the 2020 halving, an overtly auspicious event in the eyes of most crypto traders, BTC will be undervalued by ten to one hundred times.

Backing his prediction, the researcher went on to outline stock-to-flow ratios for those who aren’t in the know, explaining that stock is above ground reserves, while flow is the yearly production of the commodity in question. As it stands, gold, which Bitcoin is most aptly compared to out of the four aforementioned metals, has a stock flow of 57, meaning that it would take 57 years for producers at current rates to replicate the current supply of all gold above ground.

As BTC’s stock-to-flow ratio is slated to swell from 25 to approximately 55 (double of 25 plus ever-increasing supply) after the next halving, PlanB seemed adamant that if traditional metrics hold true to this paradigm-shifting asset, the cryptocurrency would be dramatically undervalued at its current valuation of $3,400. In fact, the researcher remarked that if Bitcoin was fairly valued following its halving, it would be valued somewhere between $34,000 and $340,000.

The $333,000 BTC Price Point

Interestingly, the upper-end of that prediction is a price point that a number of leading investors have mentioned previously. Per previous reports from Ethereum World News, Bobby Lee, the co-founder of BTCC and the brother of Charlie Lee, remarked on Twitter that if history repeats itself, BTC will bottom at $2,500, before entering a lull that will last until late-2020. By that time, mere months after the next Bitcoin block halving, Lee noted that the cryptocurrency market would begin its next rally. He elaborated:

[The next rally] would peak out in Dec 2021 at $333,000, and then crash back down to $41,000 in Jan 2023. Something like that?

While Lee didn’t explicitly mention the halving in the aforementioned tweet, he has overtly lauded the event (and Bitcoin’s status as digital gold) previously.

Filb Filb, another leading industry insider, echoed Lee’s analysis, noting that BTC could bottom between $2,500 and $3,100, then subsequently breaking out of its quintuple digit cell to eventually reach $333,000 apiece. In a tweet storm, Filb compiling the Internet’s historical growth cycles, Bitcoin’s adoption curve, among other factors, then outlined why this call makes sense from a fundamental point of view.

Digital Gold Argument

PlanB’s call relating BTC to precious metals comes as cryptocurrency enthusiasts en-masse have begun to realize Bitcoin’s potential as a digital store of value. Anti-establishment figures Max Keiser, for instance, recently stated that after a personal review of Bitcoin’s whitepaper and discussion with cypherpunks, he was sure that BTC is more “peer-to-peer gold” than digital cash. He added that the flagship cryptocurrency is inherently a decentralized store of value that doesn’t require third parties for transactions nor verification, even quipping that those who think otherwise should fight him.

Nick Chong by Nick Chong February 4, 2019

Alan Zibluk Markethive Founding Member