All posts by Alan B. Zibluk

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Bitcoin Prices Still Firmly Above $7000, Without China

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Bitcoin Prices Still Firmly Above $7000, Without China

Bitcoin Prices Still Firmly Above $7000, Without China

Bitcoin is unstoppable these days, passing one “technical” test after another, crossing the $5000-mark, the $6000-mark, and the $7000-mark in a matter of weeks. The “people’s currency” has gained 27.33% in seven days, as market volume increased.

What’s behind the digital currency’s breathtaking run?

Certainly, it isn’t the lifting of regulations which halted trade of digital currency in China, as some expected (back in September, China banned Initial Coin Offerings (ICOs) and shut Bitcoin exchanges, sending the digital currency’s price tumbling from $5000 to close to $3000).

Instead, there have been a number of positive developments that helped build investor confidence and hype in the “people’s” currency. One of them was the stepping up of government regulations in US and Japan to protect the cryptocurrency markets from possible manipulation, while limiting the supply of new coin offerings.

*As of Saturday, November 4, 2017, at 10.30 am

Another development was the change in Wall Street’s attitudes towards Bitcoin, with hedge funds cozying up to the digital currency; and CME introducing Bitcoin futures.

Then there was the renewed investor interest in technology in Wall Street, following a string of strong earnings reports from Amazon, Google, Facebook, and Apple, sending NASDAQ to new highs, and re-igniting hype for technology investments.

Source: Finance.yahoo.com 11/4/17

Meanwhile money, the fuel behind the multiple asset rallies, continues to be cheap, as interest rates continue to be cheap. This means that investors do not have to sell one asset to buy another, as was the case back in the old days of “normal” interest rates.

Apparently, Bitcoin can survive and thrive without China, provided there are developments that keep the confidence and hype for the digital currency alive, and and provided that money remains cheap.

 

Author Panos Mourdoukoutas

 

Posted by David Ogden Entrepreneur
David Ogden Cryptocurrency Entrepreneur

Alan Zibluk – Markethive Founding Member

Markethive

Cryptocurrencies May Contribute to Financial Stability

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Cryptocurrencies May Contribute to Financial Stability

Cryptocurrencies May Contribute to Financial Stability

Bitcoin is trending in Turkey, and the country’s central bank officials are starting to notice. This week President Murat Cetinkaya of the Central Bank of Turkey (CBRT) said the financial institution is monitoring bitcoin closely, and spoke optimistically about digital currencies.

Central Bank of Turkey President Says Cryptocurrencies Could Contribute to Financial Stability

Turkish Central Bank President: "Cryptocurrencies May Contribute to Financial Stability"According to local news outlets in Istanbul, the president of the Turkish central bank, the CBRT, said officials from the region are researching cryptocurrencies. Murat Cetinkaya explains that the CBRT has formed a research group consisting of digital asset market participants, Turkish government officials, and regulators. The country’s banking regulator has explained current financial law does not apply to bitcoin, but has cautioned Turkish citizens against using the currency. Now in a more positive light, president Cetinkaya says cryptocurrencies like bitcoin could “contribute to financial stability.”
 

President Erdogan and Turkey’s Failing Economic Policy Sparked Bitcoin Interest Last Year

The bitcoin economy in Turkey is growing according to many different sources. For instance, the country has a Turkish Lira-Bitcoin exchange, BTCTurk, and other infrastructure providers such as Payza, and Bitwala. Residents living near the Istanbul Ataturk Airport can also utilize the country’s bitcoin ATM as well. Additionally, according to Google Trends statistics, Turkey’s interest in bitcoin continues to rise every month.

Bitcoin demand in Turkey started gathering steam back in 2016 when the Turkish Lira had lost considerable purchasing power that year. At the time, president Erdogan tried to convince citizens to convert their foreign currencies back into the Lira.

Turkish Economist: “There Is Serious Bitcoin Research Happening in Turkey”

Now bitcoin is seeing a lot more traction, as just last month the Miavita Beytepe apartment complex in Ankara, Turkey announced it will be selling luxury apartments for bitcoin. In addition to a few cryptocurrency exchange options, over-the-counter activity on Turkey’s Localbitcoins platform has grown exponentially. Following the statements from president Cetinkaya revealing information on the CBRT’s cryptocurrency researchers, the economist, and director of IS Investment International Markets, Shant Manukyan, confirmed the bank’s current investigation, stating:

There is serious bitcoin research happening in Turkey.

Like the many other central banks worldwide, the CBRT is admitting that policymakers are heavily examining cryptocurrencies. Cetinkaya’s statements, revealing the bank’s crypto-research group and saying the technology may be able to provide financial stability, is a good sign for bitcoin proponents located in Turkey.

Author: Jamie Redman
 

Posted by David Ogden Entrepreneur
David Ogden Cryptocurrency Entrepreneur

Alan Zibluk – Markethive Founding Member

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Bitcoin Just Surged Past $7,000. Here’s Why

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Bitcoin Just Surged Past $7,000. Here's Why

Bitcoin Just Surged Past $7,000. Here's Why

Talk about a roller coaster.

As of late Thursday, the price of Bitcoin was about $7,000, having reached the threshold for the first time just hours earlier. The upswing continued a rally that started Wednesday, when the Chicago Merchantile Exchange announced plans to offer Bitcoin futures — a move that could add even more institutional investors to Bitcoin markets and theoretically push up prices.

While Bitcoin investors cheered the rally, dubbing the CME’s decision a step toward legitimizing the cryptocurrency, it was also a reminder that digital coins still have a ways to go before reaching widespread mainstream adoption.

After breaching $6,500 for the first time a day earlier, Bitcoin prices surged as high as $7,350 in trading Thursday likely thanks to traders in Asia noticing the CME’s announcement.
 

“This is Asia waking up and FOMO,” said Timothy Enneking, managing director at Crypto Asset Management, referring to the fear of missing out on a potentially lucrative rally.

But the euphoria didn’t last. Over the course of the following 20 minutes or so, bitcoin prices shed $550 to hit $6,800—a 7.5% swing. While the volatility of Bitcoin has lessened since its inception, the price swings have continued to worry regulators and institutional investors—deterring widespread use.

Bitcoin's Three-Day Ride

Earlier this year for example, the Securities and Exchange Commission denied a proposal that would allow for a Bitcoin exchange traded fund, or ETF. Some Bitcoin investors had hoped an ETF tied to the cryptocurrency would do what they now expect the CME’s decision to do: Bring in more institutional investors.

In the filing denying the proposal, the SEC noted that Bitcoin had “fundamental flaws” that made it a “dangerous asset class to force into an exchange traded structure.”

Those flaws included price volatility, low liquidity, shallow trading volumes, and oversized exposure to trading in countries with weak regulatory oversight.

Bitcoin on the Rise

The price of Bitcoin reached three milestones in the last 30 days.

Granted, Bitcoin investors are hoping that the CME’s decision, which is still pending regulatory review, will increase the number of players in the market, thereby solving some of those problems by lowering volatility and increasing liquidity.

But other issues, including building a regulatory frame for Bitcoin both in the U.S. and abroad will take time. On top of that, Bitcoin is still undergoing growing pains on the technological side. Bitcoin users are now preparing for a potential “2x hard fork” called “Segwit2x” coming later this month.

Since Bitcoin is decentralized, its users must agree to update to the same software and rules to keep the cryptocurrency running. If just some users decide not the abide by those changes, it creates a new cryptocurrency. So far, the 2x hard fork, which would in theory increase the speed of transactions by increasing the size of blocks to 2 megabytes from 1 megabyte, has been divisive. The lack of consensus has spurred worries that the Bitcoin community itself could fragment.
 

And despite news of the CME’s decision, Thomas Lee, who is bullish on the cryptocurrency, warned Thursday owners will have to clench their teeth as bitcoin prices may still have further to fall before rebounding.

“For those tactically minded, we would be buyers of bitcoin in the $5,500 range, but such a pullback does not need to happen,” Lee, a managing partner of Fundstrat Global Advisors wrote in a Thursday note. In the long-term, Lee expects Bitcoin prices to reach $25,000 by 2022.

Authors: Lucinda Shen and Grace Donnelly November 2, 2017
 

Posted by David Ogden Entrepreneur
David Ogden Cryptocurrency Entrepreneur

Alan Zibluk – Markethive Founding Member

Markethive

Bitcoin soared above $6,900 despite strong regulatory warning from Securities and Exchange Commission

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Bitcoin soared above $6,900 despite strong regulatory warning from Securities and Exchange Commission

Bitcoin soared above $6,900 despite strong regulatory warning from Securities and Exchange Commission

Bitcoin soared above $6,900 despite strong regulatory warning from Securities and Exchange Commission

  • The price of bitcoin, the red-hot digital coin up more than 550% this year, soared past $6,900 to $6,916 Wednesday evening, according to data by Markets Insider.

  • The rally comes ahead of a warning by the Securities and Exchange Commission on initial coin offerings, a cryptocurrency-based fundraising method.

Bitcoin blew past $6,900 Wednesday even after the Securities and Exchange Commission warned investors about celebrity endorsements for certain cryptocurrency-based fundraising efforts.

The red-hot digital currency traded at an all-time high of $6,916 per coin, according to Markets Insider data, on Wednesday. The rally followed a price spike triggered by the announcement of the potential launch of a bitcoin-linked financial product by exchange giant CME on Tuesday. The coin is up more than 550% this year.

The upward march continued Wednesday evening despite a warning by the SEC about initial coin offerings, a red-hot fundraising method.

ICOs, according to fintech analytics firm Autonomous NEXT, have raised more $2 billion this year. A number of celebrities from champion boxer Floyd Mayweather to Paris Hilton have supported ICO projects in recent months. But the SEC said Wednesday that such endorsements do not mean that such investments are sound. Here's the agency (emphasis theirs):

"Celebrities, from movie stars to professional athletes, can be found on TV, radio, and social media endorsing a wide variety of products and services – sometimes even including investment opportunities. But a celebrity endorsement does not mean that an investment is legitimate or that it is appropriate for all investors. It is never a good idea to make an investment decision just because someone famous says a product or service is a good investment."

The SEC added that some celebrity endorsers may not be educated on the investment opportunities they promote. Here's the SEC:

"Investors should note that celebrity endorsements may appear unbiased, but instead may be part of a paid promotion. Investment decisions should not be based solely on an endorsement by a promoter or other individual. Celebrities who endorse an investment often do not have sufficient expertise to ensure that the investment is appropriate and in compliance with federal securities laws."

A number of countries, including China, have deemed ICOs illegal because startups have used the method to raise quick money without disclosing substantive information to investors.

The SEC provided its first guidance on ICOs in July. The financial watchdog said ICOs can sometimes be considered securities — and as such are subject to strict laws and regulations.

 

Author: Frank Chaparro

 

Posted by David Ogden Entrepreneur
David Ogden Cryptocurrency Entrepreneur

 

Alan Zibluk – Markethive Founding Member

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Bitcoin Price Boom Sees Students Flocking to Take Cryptocurrency Courses

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Bitcoin Price Boom Sees Students Flocking to Take Cryptocurrency Courses

Bitcoin Price Boom Sees Students Flocking to Take Cryptocurrency Courses

The rise of bitcoin is seeing an increasing number of students signing up for cryptocurrency classes at top computer science schools such as Stanford.

According to Dan Boneh, co-director of the Stanford Computer Security Lab and professor of cryptography, he is attracting a large number of people to his cryptocurrency courses. As a cryptography researcher for almost 30 years, Boneh began teaching a bitcoin and cryptocurrency class in 2015, attracting more than 100 students. His online cryptography course has seen over one million signing up, reports CNBC.

As a result of bitcoin’s increase in value more students are turning their attention to learning more about them. To date, the digital currency has hit a new all-time high near $6,500 pushing its market value above $100 billion. It’s no surprise then that a rising interest is being experienced. Aside from the huge attraction in the valuation of cryptocurrencies, Boneh believes that they have another benefit too.

He said:

Cryptocurrencies are a wonderful way to teach cryptography. There are a whole bunch of new applications for cryptography that didn’t exist before.

Boneh’s online textbook is also being employed across the state. In Pittsburgh, at the Carnegie Mellon School of Computer Science, Vipul Goyal, faculty member in the Computer Science Department at CMU, is heading a class called Special Topics in Cryptography. Offered for the first time this year, around 20 students, mostly PhD candidates, are taking the class, focusing on digital currencies such as bitcoin and the blockchain.

Last year, the University of California at Berkeley launched a class called the Cryptocurrency Decal. In 2015, the MIT’s Media Lab created the Digital Currency Initiative.

Just as there has been an increase in the number of students taking cryptocurrency courses, so too has there been a rise in the number of bitcoin-related jobs.

According to employment marketplace Freelancer, there has been an 82 percent increase in jobs related to bitcoin. Speaking to CNBC, Matt Barrie, CEO of Freelancer, said earlier this week that one of the main skills that employers are looking for is a candidate’s ability to manage initial coin offerings (ICOs).
 

He said:

People are getting freelancers to design new types of cryptocurrencies.

The marketplace adds that employers want people to create new digital currencies and to create proposal plans for technologies utilizing blockchain.

In the third quarter of the year, Freelancer listed 480,000 new jobs. To date it has more than 12 million and 25 million active users on its site.

Author: Rebecca Campbell on 31/10/2017

 

Posted by David Ogden Entrepreneur
David Ogden Cryptocurrency Entrepreneur

Alan Zibluk – Markethive Founding Member

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Vietnam Becomes the Latest to Ban Bitcoin, but in China, the Rules May Be Changing

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Vietnam Becomes the Latest to Ban Bitcoin, but in China, the Rules May Be Changing

Vietnam Becomes the Latest to Ban Bitcoin, but in China, the Rules May Be Changing

Vietnam became the latest nation state to launch an attack on cryptocurrency, as regulators sided with the alarmists without providing much of a rationale.

Vietnam Issues Ban

The ban, which applies to all cryptocurrencies not deemed legal tender, was issued via formal statement by the State Bank of Vietnam. The punishment for accepting or offering payments in bitcoin can run more than $8,000 USD.

Vietnam’s central bank says only traditional forms of payment are accepted within its borders. This includes cash, checks, credit cards and other electronic payments.

The state-run bank has issued the following statement, according to Mirror:

“Bitcoin virtual currency and other similar is not lawful means of payment in Vietnam; The issuance, supply, use of bitcoin and other similar virtual currency as a means of payment is prohibited in Vietnam.”

The announcement, whenever it was made, had very little impact on cryptocurrency trading. At press time, bitcoin (BTC/USD) was trading at $6,162 for a gain of $57.

The bulls blew the door wide open this weekend, sending bitcoin north of $6,300 for the first time ever.
 

Chinese Ban? Let’s Move to Hong Kong

Now that China’s Communist Party gathering has come and gone, sanity appears to be returning to public discourse. That is, according to a recent report from CNLedger, which our pals at CCN.com recently covered. The trusted news sources have revealed that OKEX is expected to launch its peer-to-peer OTC bitcoin trading platform shortly.

As it turns out, OKEX and several other leading blockchain companies like BTCC and Huobi-Pro are located in Hong Kong. Theoretically, their presence in the Special Administrative Region allows them to circumnavigate the mainland’s recent ban on everything crypto-related.

It should be noted that OKEX is offering a bitcoin-to-crypto trading platform. Regardless of what Beijing thinks, it might not be a good idea to launch this platform on the mainland. That’s because the Chinese government recently blocked a major port for MetaTrader4, which is the engine of the online forex community.

Regulators have apparently shut down port ‘443’, which is used for secure web browser communications. The port also happens to be the one MT4 brokers use to connect to their trading server.

The port probably inhibits the government’s ability to spy on traders, or at least monitor their data flows (like that’s different?). There’s reason to believe this ban could extend to other trading platforms that utilize a similar standard.

Last month, China broadened its online censorship by blocking WhatsApp, the popular messaging platform acquired by Facebook for way too much. The ban was another blow to the social networking giant, as it too is banned on the mainland.

 

Author: Sam Bourgi

 

Posted by David Ogden Entrepreneur
David Ogden Cryptocurrency Entrepreneur

Alan Zibluk – Markethive Founding Member

Markethive

Bitcoin Price Going From $4,000 to $400,000 is Easy – Hedge Fund Manager Mark Yusko

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Bitcoin Price Going From $4,000 to $400,000 is Easy - Hedge Fund Manager Mark Yusko

Bitcoin Price Going From $4,000 to $400,000 is Easy – Hedge Fund Manager Mark Yusko

Mark Yusko, the founder & CEO of Morgan Creek Capital Management, the $3.7 billion North Carolina-based investment firm, has stated that the bitcoin price is expected to reach $400,000 in the long-term.

Over the past 12 months, the price of bitcoin has increased from less than $900 to over $5,900. In a relatively short-term, the bitcoin price has demonstrated an exponential rate of growth, almost immediately recovering from China’s ban on cryptocurrency trading and increasing from $3,300 to $5,900 within two months.

According to Yusko, the highly regarded hedge fund manager, the challenge for bitcoin at its early stage was to surpass the $100 mark. Today, the price of bitcoin is closing on the $6,000 region, and Yusko emphasized that the long-term target of $400,000 should be “easy” to achieve.

“Only gamble was whether bItcoin would make if from $0 to $100, that was the real miracle. Going from $4,000 to $40,000 or $400,000 is easy,” said Yusko.

Confidence Behind the Statement of Yusko

High profile hedge fund managers such as Yusko, billionaire investor Mike Novogratz, and executives at Fidelity, a financial services company with over $2 trillion assets under management, have publicly expressed their certainty over bitcoin’s long-term performance.

Novogratz, who recently established a cryptocurrency focused hedge fund, revealed that an increasing number of institutional investors and large-scale retail traders are preparing to engage in bitcoin and cryptocurrency trades. He stated:

“I can hear the herd coming. I was just in San Francisco, met with a few big institutional investors and their still a ways away but they’re coming. Lots of funds are being raised and so I’m pretty confident to say that it [Bitcoin price] is going higher.”

Investors such as Novogratz and Yusko are confident in the mid and long-term performance of bitcoin because of the increasing interest and demand for bitcoin and the cryptocurrency market from the traditional financial industry.

Already, exchanges like LedgerX, an institutional trading and clearing platform approved by the U.S. Commodity Futures Trading Commission (CFTC) to trade and clear swaps and options on digital currencies, has started to facilitate the settlement of options, futures, and derivatives trades around bitcoin. According to the LedgerX team, during its first week of operation, it has settled over $1 million worth of trades, which was an unexpected volume for the company.

“We ended up completing swaps and options trades worth over $1,000,000 USD. Crucially, these trades were cleared through LedgerX, which is the only institutional grade, US federally regulated exchange and clearing house for digital currencies. And we are literally just getting started,” said LedgerX.

Some of the largest financial institutions and exchanges in the US including CBOE, the largest options exchange in the country, are preparing to address the growing demand for bitcoin from institutional investors, which is a positive indicator for bitcoin’s long-term growth

 

Author Joseph Young

 

Posted by David Ogden Entrepreneur
David Ogden Cryptocurrency Entrepreneur

Alan Zibluk – Markethive Founding Member

Markethive

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

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

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

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

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

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


Factors For Recovery: BItcoin

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

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

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

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

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

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

Ethereum Price Remains Below $300

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

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

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

 

Author: Joseph Young on 28/10/2017

 

Posted by David Ogden Entrepreneur
David Ogden Cryptocurrency Entrepreneur

Alan Zibluk – Markethive Founding Member

Markethive

Low Cost Website Promotion…Why Not?

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lowcost website promotionLow Cost Website Promotion…Why Not?

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Tuneup

 

Alan Zibluk – Markethive Founding Member

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There are now more than 120 hedge funds focused solely on bitcoin, digital currencies

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There are now more than 120 hedge funds focused solely on bitcoin, digital currencies

  • Data shared exclusively with CNBC from financial research firm Autonomous Next shows the number of funds investing in digital assets like bitcoin has grown rapidly to 124.

  • Autonomous Next also estimates that the "crypto-funds" have about $2.3 billion in total assets under management.

  • While several leading Wall Street banking executives remain skeptical about bitcoin, more seasoned money managers are moving into digital assets management.

More than 90 funds focused on digital assets like bitcoin have launched this year, bringing the total number of such "crypto-funds" to 124, according to financial research firm Autonomous Next.

Data shared exclusively with CNBC Friday showed that the largest share of the funds, 37 percent, used venture capitalist-type strategies and had about $1.1 billion in assets under management. Funds focused on trading digital assets came second at 32 percent, with about $700 million in assets under management.

Funds specifically using machine learning, data science or statistical arbitrage on digital currencies came in third at 10 percent and $100 million in assets under management, the data showed.

Total assets under management by crypto-funds now stands at $2.3 billion, according to Autonomous Next's estimates.

Source: Autonomous Next

This year's surge in the price of bitcoin and another digital currency, ethereum, have drawn attention to the cryptocurrencies and the potential of their blockchain technology. Proponents say blockchain could transform the world as much as the internet did, and several major banks are researching or developing blockchain projects.

Digital currency enthusiasts also attribute much of the latest surge in bitcoin to record highs above $6,100 to increased interest from institutional investors. While several leading Wall Street banking executives remain skeptical about bitcoin, more seasoned money managers are moving into digital assets management.

Notably, former Fortress hedge fund manager Michael Novogratz is launching a $500 million digital assets fund through his new firm, Galaxy Investment Partners. The fund is expected to be the largest of its kind.

 

Besides investing in digital currencies like bitcoin and ethereum, enthusiasts are betting on a slew of new digital coins for projects built on the same blockchain technology. The tokens are launched through a process called an initial coin offering and have raised just over $3 billion, according to Autonomous Next.

That said, many of the digital coin projects are still in very early stages. China has banned initial coin offerings, while the U.S. Securities and Exchange Commission has warned investors about the risks of investing in them.

The overall number of crypto-funds and their assets under management is also still minuscule compared to the record $3.15 trillion held by the hedge fund industry in the third quarter, according to HFRI.

WATCH: What is an ICO?

 

 

Author: Evelyn Cheng

 

 

Posted by David Ogden Entrepreneur
David Ogden Cryptocurrency Entrepreneur

Alan Zibluk – Markethive Founding Member