All posts by Alan B. Zibluk

BTCUSD Price Analysis – Fate of Nine Bitcoin ETFs to Be Decided After Today

BTC/USD Price Analysis – Fate of Nine Bitcoin ETFs to Be Decided After Today

Encouragingly, the market is bullish and Bitcoin is up printing a three-bar reversal pattern as participants reject lower lows. We expect the recovery to continue this week as the SEC is set to announce the fate of nine Bitcoin ETF as the commenting period concludes today. Should these proposals be compliant with SEC stringent requirements then BTC/USD price could erupt above $7,200 closing the year on a high.

Latest Bitcoin News

Endorsement by the US SEC is always a boost for any crypto asset. Any unfavorable assessment or comment in a bad light can quickly mean the asset is a security. That’s undesirable and extra work for investors who must file tax returns whenever they make crypto transactions. That is extra work that prevent direct investment. The question in everybody’s mind right now is news about Bitcoin ETF whose comment date ends today.

Up until now the SEC has been adamant, denying the roll out of nine Bitcoin ETF from Direxion, Proshares and GraniteShares. Apparently, we have come to learn that the rejection was because of the SEC commissioners delegating these tasks to their staff. They did recall and ordered comments from interest parties to be made by Nov 5-which is today. From there on, we expect the SEC to make their decision but the exact time remain tentative.

Earlier, it was widely reported that the SEC would qualify VanEx SolidX Bitcoin ETF after a “successful” meeting between representatives of the VanEx, CBoE and some SEC commissioners. Hopefully, they make a favorable decision and allow firms that meet their stringent listing requirements a go-ahead injecting the market with the much-needed momentum.

BTC/USD Price Analysis

The recovery of the BTC/USD is an indication of a bottoming crypto market. Considering the +75 percent drop this year, odds are we may see a recovery this quarter. Aside from technical factors, the simmering trade war between the US and China could trigger capital flights from the stock market to Bitcoin which is borderless. As such, last week’s 0.2 percent gain could increase as prices bounce off from the $6,000 support line and building on the bull pin bar of last week. In line with our last BTC/USD price analysis, it would be ideal if prices thrust past the resistance trend line connecting the last nine months highs and print above $7,000–$7,200 buy trigger line. Thereafter, first targets would be $8,500 and later $10,000.

Technically, BTC/USD pair is trading within a bear break out pattern following Oct 29 price action. But, after yesterday’s rapid gains, we now have a three-bar, bull reversal pattern. Besides, our last BTC/USD plan will most likely be null after today. Regardless of the greens, we recommend patience until we see gains above $7,000 resistance level. Then, the trend would be clear and price action would be trading above a key resistance level at the back of high reversal volume.

 

DALMAS NGETICH | NOVEMBER 5, 2018 | 2:00 AM

Alan Zibluk Markethive Founding Member

Currently Bitcoin is gaining strength Report by OneAlpha says

“Currently, Bitcoin is gaining strength,” Report by OneAlpha says

“Currently, Bitcoin is gaining strength,” Report by OneAlpha says

"The December 2017 and January 2018 boom and bust had a cleansing effect on the ecosystem"

A report published in October by OneAlpha revealed that Bitcoin’s market was gaining strength after the 2018 correction. The stability of the last weeks is a sign of maturity of the markets that seem to have passed the hype stages -both bullish and bearish- of the previous months.

OneAlpha is an Israeli firm part of First Digital Assets Group; a fintech that defines itself as “the leading digital assets group in Europe.”

OneAlpha Report: Bearish Trend Is A Good Thing For The Market

According to the report, the current bearish trend was necessary. This decline in the markets served as a “relief” and generated a “cleansing effect” on the ecosystem.

 

The facts seem to prove the OneAlpha team right. After the abnormal bullish streak of 2017, many people entered the market in an abrupt and immature way. The 2018 correction seems to have given Bitcoin back the stability needed to gain more credibility as a “market” instead of its previous “bubble” image:

“From our perspective, the prolonged bear market provided the sector with a much-needed relief, lowering valuations to a more sensible level. Despite the considerable correction, a large portion of the value represents the future potential of the network rather than its current one. The December 2017 and January 2018 boom and bust had a cleansing effect on the ecosystem, removing many of the speculators and leaving mainly real investors, operators, and builders in the market. This is what was necessary to move forward and build a successful ecosystem.”

Bitcoin: Best Currency / Ethereum: Best Platform

The report is clear in dividing the cryptocurrency market into different branches. The first one is composed of well-known cryptocurrencies. For OneAlpha, 2018 has been a year during which Bitcoin has strengthened, recovering part of the influence taken away by other altcoins:

“Currently, Bitcoin is gaining strength and captures more than half of the total crypto market cap. Ethereum captures 10% of the total market cap. There are currently more than 2,000 traded crypto assets and more than 1,000 unique tokens worth around $14 billion. 87% of the tokens are Ethereum based, with NEO and Waves capturing around 2.4% each …

Of this valuation, it is noticeable that Bitcoin captures about 71% of all currencies and Ether 54% of all platforms.”

An Optimistic View Of The Future

The Report also highlights the importance that ICOs have had in increasing interaction with the public (despite cases of fraud and constant failures). It also points out the increase in institutional investments and blockchain technology patents registered in China and the United States.

The report gives a fairly positive view of the situation considering the facts from a broad perspective. Market behavior in 2018 is, according to analysts, a natural and necessary reaction to the craziness of 2017:

“We are experiencing a phase of sobriety and maturation – a decline in retail investment and a more careful, responsible approach from institutional investors on one hand and regulators around the world on the other. A long bear market might be the ideal climate to let the dust settle and examine, both internally and externally, the true possibilities that lay within the cryptocurrency and blockchain ecosystem. Ultimately, the goal is to take a step further and bridge the gap between consumers, traditional investors, and blockchain technology.”

 

Jose Antonio Lanz by Jose Antonio Lanz November 4, 2018 in Bitcoin News 0

Alan Zibluk Markethive Founding Member

Bitcoin BTC Aiming for 7000 Next?

Bitcoin (BTC)  Aiming for $7,000 Next?

Bitcoin (BTC) Aiming for $7,000 Next?

Bitcoin Price Key Highlights

  • Bitcoin price is gaining traction on it bounce off the channel support on its 4-hour time frame.

  • A move to the next upside targets might be in the works and the Fibonacci extension tool marks these.

  • Technical indicators are hinting at weakening bullish momentum, though.

Bitcoin price looks ready to resume its climb and might aim for these upside targets marked by the Fib tool.
 

Technical Indicators Signals

The 100 SMA seems to be crossing below the longer-term 200 SMA to indicate that bearish pressure might return, but it could also be a delayed reaction to the latest slide. If the short-term MA is able to hold its head above the 200 SMA, it could reinforce the presence of bullish momentum.

Bitcoin price could aim for the 38.2% Fib extension from here as this lines up with the dynamic inflection points at the moving averages. The 50% level lines up with the mid-channel area of interest around $6,700 and the 78.6% level lines up with the top of the channel at $6,900. The $7,000 mark might also serve as psychological resistance just before the full extension at $7,075.

Stochastic is heading north so bitcoin price might follow suit while buyers are in control. However, the oscillator is nearing overbought levels to signal exhaustion and a possible return in bearish pressure. RSI has more room to go before hitting overdone levels, which means that buyers could stay in the game for a bit longer.

Bitcoin price seems to be rebounding from a rough start this week as a brand-new month is setting in. This typically brings more optimism and reopening of positions after booking profits at the end of the month, which also coincides with futures settlement.

Besides, the ICE Bakkt bitcoin futures are rumored to be in the works and might usher in stronger volumes and increased activity this November.

 

SARAH JENN | NOVEMBER 2, 2018 | 1:33 AM

Alan Zibluk Markethive Founding Member

How to Avoid Misusing the Bible

Go deeper in your walk with the Lord

Written by Dan Lee on 30/10/2018

Series: Weekly Devotional

Tags: BibleReadingVerseStudying


Do your best to present yourself to God as one approved, a worker who has no need to be ashamed, rightly handling the word of truth.

2 Timothy 2:15

Today, we start a two-part devotional on how to avoid misusing the Bible. But first, let’s start with a story about some blind men who encountered an elephant. One of the blind men wrapped his arms around the elephant’s leg and said, “An elephant is like a tree!” Another touched the elephant’s trunk and declared, “No, it’s like a large snake.” They touched the ear or the tail and said, “a fan” or, “a rope” – and so on. Each one came up with a different and incomplete conclusion about how the elephant looked like. 

It’s the same when we interpret the Bible. When we quote Bible verses without considering what the rest of the Bible says, we are just as foolish as those blind men. If we don’t consider verses in their context – at least the surrounding paragraph or chapter, we risk coming to completely wrong conclusions about what God’s word says. 

1. Be careful of taking the Bible out of context

That’s why Paul warns Timothy – and all who believe in Jesus and study His word – to “rightly handle the word of truth.”

Here are a couple verses that are often taken misused.

“By his wounds, you have been healed.” (1 Peter 2:24

Some people believe that Christians can claim physical healing because of this verse. But, if you read 1 Peter 2:24 in full, it reads, “He himself bore our sins in his body on the tree, that we might die to sin and live to righteousness. By his wounds, you have been healed.” 

The first part of this verse tells us that it is our sins, our spiritual wounds, that have been healed by Jesus Christ. The verse refers to Isaiah 53:5:

“But he was pierced for our transgressions;
    he was crushed for our iniquities;
upon him was the chastisement that brought us peace,
    and with his wounds, we are healed.”

This verse refers to our “transgressions” and “iniquities” – in other words, our sins. There are seven other references in Isaiah 53 to sin, guilt, or transgression, but physical healing is never mentioned in the chapter. 

So the next time you read, “By his wounds you have been healed,” thank the Lord that your most deadly wound – your sin and resulting separation from God – HAS been healed, for all eternity. But don’t use it to claim physical healing for yourself or others.

2. Meditate on the Word and apply it to your life 

Now, let’s look at Matthew 7:1, where it says, “Judge not, that you be not judged.”

Even people who don’t believe in Jesus love to quote this verse! They, and sadly many Christians, think it means we should leave others alone and let them do whatever sinful act they want.

But if you continue reading, you find out that the problem is not with pointing out the faults of others. It is looking at their faults without acknowledging our own sin. 

Verse two says, “For with the judgment you pronounce you will be judged, and with the measure you use it will be measured to you.” and it continues to verse three by saying, “ Why do you see the speck that is in your brother's eye, but do not notice the log that is in your own eye?” (Matthew 7:2-3

Sadly, we tend to see the sins of others as huge, and our own as tiny (or not to see them at all). Jesus is saying, in effect, “Look in the mirror – look into your own heart and deal with the wickedness there, before you stand in judgment of someone else!”

Several Bible passages instruct us, to help our Christian brothers and sisters by gently pointing out where they are going wrong, especially in matters of serious sin. Take these verses as an example:

“But exhort one another every day, as long as it is called ‘today,’ that none of you may be hardened by the deceitfulness of sin.” (Hebrews 3:13)

“My brothers, if anyone among you wanders from the truth and someone brings him back, let him know that whoever brings back a sinner from his wandering will save his soul from death and will cover a multitude of sins.” (James 5:19-20)

In conclusion, don’t just look at fragments of God’s holy Word. Look at ALL of it. Commit yourself to read the Bible, one book at a time. Don’t build your whole Christian walk around one or two isolated verses. Strive to find the meaning of every verse in the context of the paragraph or chapter around it. If you do this in the power and enlightenment of the Holy Spirit, you’ll be well on the way to becoming “. . . a worker who has no need to be ashamed, rightly handling the word of truth.” (2 Timothy 2: 15


Pray this week:

Lord, I ask you to give me understanding and wisdom as I study your Word so that I follow your instruction and not mine. Amen. 


Is there anything in the Bible you have a difficult time understanding? Talk to a caring Christian friend! 

Alan Zibluk Markethive Founding Member

Blockchain revolution is on the way as Bitcoin slips back under 6300

Blockchain revolution is on the way as Bitcoin slips back under $6,300

Blockchain revolution is on the way as Bitcoin slips back under $6,300

  • Bitcoin dips under $6,300 after a short recovery.

  • Adam Jiwan from Spring Labs touts blockchain technology.

Bitcoin is changing hands at $6,299, marginally higher since this time on Wednesday. However, the shrinking volatility and low trading activity make further upside unlikely.

On the intraday chart, BTC/USD returned to the area under $6,300 after Wednesday's recovery attempt. The stopped short of the lower line of the previous consolidation channel and SMA50 (4-hour). The support lies with $6,200. Once it is broken, the sell-off may gain traction with the next bullish aim at $6,100 and the recent low of $6,060.

The Relative Strength Index (RSI) recovered from oversold territory and settled at a neutral level, which means that more consolidation might be in store for us in the short-term.

Meanwhile, experts believe that the technology behind the cryptocurrency is likely to attract financial and intellectual capital, creating a technological revolution.“Regpic

ardless of how one feels about cryptocurrencies, bitcoin has ushered in a technological revolution that will have profound implications for how information is shared, consumed, and protected,” Adam Jiwan, CEO and co-founder of Spring Labs, explains.

Spring Labs is creating a blockchain-based ecosystem that will allow exchanging credit and identity information in a secure way

“I’m a big believer in the unstoppable nature of technological revolutions, and we’re only ten years into the development of distributed ledger technology. Blockchain will be ubiquitous, and the world will have to adjust. The only question is, “How soon?”

 

 

Tanya Abrosimova Tanya Abrosimova

FXStreet 23 minutes ago

Alan Zibluk Markethive Founding Member

Bitcoin BTC Daily Price Forecast October 30

Bitcoin (BTC) Daily Price Forecast – October 30

Bitcoin (BTC) Daily Price Forecast – October 30

BTC/USD Medium-term Trend: Bearish

Resistance Levels: $6,800, $7,000, $7,200

Support levels: $6,200, $6,000, $5,900

Yesterday, October 29, the price of Bitcoin was in a bearish trend. The digital currency had been range bound above the $6,500 price level in the last three weeks. The cryptocurrency fell to the low of $6,300 and commenced a range bound movement. Previously, the BTC price was range bound between the levels of $6,200 and $6,600.

The crypto's price is likely to revisit the previous low of $ 6,200. This was the lower price range which is likely to be tested. If the price falls again and holds at the $6,200 price level traders should initiate long trades. Then stop-loss orders should be placed below the $6,200 price level. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The price of Bitcoin is below the 12-day EMA and the 26-day EMA which indicates that price is in a bearish trend zone.

BTC/USD Short-term Trend: Bearish

On the 1-hour chart, the BTC price is in a bearish trend. The digital currency is below the 12-day EMA and the 26-day EMA which indicates that price is falling. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal.
 

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

 

By Azeez M – October 30, 2018

Alan Zibluk Markethive Founding Member

Bitcoin Price – BTCUSD Approaching Area of Interest

Bitcoin Price - BTC/USD Approaching Area of Interest

Bitcoin Price – BTC/USD Approaching Area of Interest

Bitcoin is still trending lower inside its short-term descending channel but might be due for a bounce to the top. Support held and a correction to the Fibonacci retracement levels is underway.

Price is testing the 38.2% Fib currently, and this happens to line up with the mid-channel area of interest. Holding as resistance could send Bitcoin back to the swing low around $6,450 or the channel support closer to $6,425. A larger correction could test the 50% Fib that lines up with a former support area that might now hold as resistance, as well as the 100 SMA dynamic inflection point.

The 61.8% Fib is just below the 200 SMA dynamic inflection point and close to the channel resistance, which might be the line in the sand for a correction. The 100 SMA is below the longer-term 200 SMA to indicate that the path of least resistance is to the downside. In other words, the downtrend is more likely to resume than to reverse. The gap between the moving averages has been widening to signal strengthening bearish momentum.

Stochastic is heading higher to signal that bulls still have some energy left, and the oscillator has some room to climb before hitting overbought conditions. RSI also has some ground to cover before bulls are exhausted, which suggests that the correction could go on for a bit longer before sellers return.

Pic

Bitcoin might even have enough momentum to break past the channel top, provided market updates also turn out positive. As it is, investors still seem to be holding out for more directional clues and hoping to get confirmation that the earlier rallies might be sustained.

Institutional investment could be a strong factor, but that might have to wait until early next year. The near-term catalyst would likely be the bitcoin futures on ICE Bakkt and it appears that traders are waiting to see how this might impact prices first.

 

SARA JENN · OCTOBER 29, 2018 · 1:30 AM

Alan Zibluk Markethive Founding Member

Bitcoin will do more good to civilization than governments and NGOs says Jimmy Song

Bitcoin will do more good to civilization than governments and NGOs, says Jimmy Song

Bitcoin will do more good to civilization than governments and NGOs, says Jimmy Song

 

Jimmy Song, one of the most well-known Bitcoin Core developers, explained the reason why Bitcoin would do more good to the civilization in comparison to the governments, NGOs, and charity, during an interview with Cheddar.

Song started off by speaking about the fiat system, claiming that a lot of money goes to big government and businesses. This, according to him, was because these bigwigs have early access to the inflated money. On the contrary, Bitcoin gives people a sense of ownership over “their own stuff” as it allows people to be self-sovereign over their own money. In addition, Bitcoin cannot be confiscated by anyone including governments. He said:

“… And they [people] start planning on a long termlevel. And the playing field is much more level than the system we have today, which is made mostly to benefit large institutions, banks, governments, large companies that can get really low interest rates and so on.”

However, with Bitcoin, there are a lot of common people who have access to it on a long-term wealth which is not feasible and inflated. According to Song, this leads to entrepreneurship production which builds civilization and this is why he thinks Bitcoin would do more good for civilization than government programs, NGOs, charity, and other programs.

Szmon Baranowski, a Twitterati said:

“He is right. We see first signs of another stock market bubble crash and monetarists, bankers are already attacking BTC like it would be a dangerous for them alternative for people now.”

Additionally, Song recently spoke about Bitcoin’s proof-of-work and why it was important. He said:

“… in order to have real scarcity, real money, transactions that is very difficult to roll back and screw people over on, to not double spend, you need something that is very difficult to reverse. Now, the difficulty of that reversal is directly proportional to how much proof-of-work went into it or how much energy was extended to create it.”

He went on to the say that the idea of proof-of-work is securing the entire ledger and all the transactions which have happened on Bitcoin. Song further added that reducing the proof-of-work would also reduce the security of the ledger.

 

Published 43 mins ago on October 28, 2018 By Priya

Alan Zibluk Markethive Founding Member

Amazon will become an Advertising Giant

Michael K. Spencer

Blockchain Mark Consultant, tech Futurist, prolific writer. WeChat: mikekevinspencer.

Move over Google and Facebook, Amazon will dethrone you.

Just as Alibaba and Tencent compete for supremacy in the veritable tech dynasty that is emerging in China, in the U.S. Amazon and Google are increasingly becoming direct competitors.

Nowhere is this going to be more fun to watch than in advertising, smart speakers and the future of how tech companies become implicated in Health Care.

As Amazon ramps up expensive physical store expansion and logistics fulfillment with rising postal costs and higher minimum wages, it needs another “cash-cow” to fund its growth. The low-hanging fruit here is definitely digital Advertising.

Amazon is on track to generate $10 billion a year from its advertising business

Amazon’s trajectory in Advertising is also based on the growth of its Prime subscribers?—?well over 100 million at this point. With more consumers in the funnel comes more traffic and higher value for brands to advertise with Amazon, instead of outdated banner Ads with Google.

  • Amazon is quickly becoming the 3rd horseman of Western digital advertising.
  • Amazon’s growth in advertising and Alexa becoming ubiquitous is a major threat to Google and, to a lesser extent, Facebook.
  • Google has made progress with Google Home devices in 2018, but it’s hard to catch up to Alexa or AWS in the cloud.

Amazon reported $2.5 billion in sales in its “Other” category in Q3, guess what that means? It means brands are moving from Google to Amazon to do their ads. Some advertisers have already opted to move over half of their budgets from Google search to Amazon ads, according to CNBC.

Like Netflix or Tesla, Amazon is a favorite of Wall Street. Its aggressive pursuit of health care, grocery, AI and advertising means Amazon can scale over the next two decades in ways that will make Facebook and perhaps even Google look obsolete. This essentially means as an advertising platform Amazon can only go up.

Alphabet should be terrified even as they are in the smart home and some hardware initiatives, but nothing that can compare with Amazon’s dynamic approach. Alexa’s penetration of the smart home, robotics and consumer products is elevating the game, and few other companies will be able to keep up (outside of China).

EMarketer predicts Amazon will become the third largest digital ad seller in the U.S. by 2020, behind Google and Facebook. This is not news, but it may be the first time you are reading this. Even as Amazon’s stock had one of the worst weeks in recent memory, the bullish Amazon stock is the epitome of Wall Street’s recent tech bubble.

While Alphabet’s Waymo is going to be a big winner, Amazon will likely have several big winners in the decade ahead. The safest bet is digital advertising as formative companies such as Google and Facebook completely warped the internet due to their emphasis on Ads, and this led to a decline of innovation and startups in the U.S. Amazon is the last U.S. company that, in some sense, can compete on a global scale with China.

Amazon, not Google or Walmart, is the perennial “American Company”. I think the 2020s will demonstrate this.

Amazon has just a small sliver of the digital ads market in 2018, but fast forward to 2028, and just look at that chart.

Eventually Amazon Prime Video will be a massive place for digital Ads. And with Netflix’s level of debt and cash burn, it’s doubtful it will even be around in 2030. Facebook and Google have made some poor decisions that have impacted their reputations in 2018. Amazon here has the most to gain. There’s an important catch here: Amazon has demonstrated it is forconsumers, so an Amazon gain is generally a gain for consumers who value convenience, discounts and bundled services that finally have given subscriptions a good rep.

Facebook and Google were never truly on the side of consumers (nor was Microsoft), and that’s a sign of more evolved business models. Amazon’s trust levels are high and increasing the minimum wage and opening new stores should only augment it. The future of advertising is intimately connected with consumer and brand trust, and this is why Amazon as an underdog in advertising can truly disrupt the Ad-duopoly and change the face of advertising as we know it over the course of the next ten years.  https://medium.com/futuresin/amazon-will-become-an-advertising-giant-83809ac3e858

Amazon’s U.S. advertising business will generate $4.6 billion in revenues this year, giving it a 4.1% share of the market. For Amazon, its A-Z game plan?—?to dominate groceries, AI, the smart home, and ultimately advertising?—?is just beginning. Bottom line, if Amazon wins the consumer wins, and that’s the best equation for the global economy.

Jeff Bezos has googly eyes for taking on Google, and the tech wars have gotten quite serious for the future of artificial intelligence.

Alan Zibluk Markethive Founding Member

What is a Cult? How to tell the false from the true

 

How to tell the false from the true

 

Written by Dan Lee on 11/07/2017

Series: Weekly Devotional

Tags: Church, Cults, Discernment

For the time is coming when people will not endure sound teaching, but having itching ears they will accumulate for themselves teachers to suit their own passions, and will turn away from listening to the truth and wander off into myths.

 

2 Timothy 4:3-4

Do you remember the “People’s Temple”? Started in Indianapolis in 1955 by the Reverend Jim Jones, it moved to San Francisco in 1971. The headquarters was just a few miles from my house, and mere blocks from the hospital where I was born. As a teenager I often rode the bus right past it.

 

In 1974, the People’s Temple established a settlement in Guyana, South America. It promised a tropical paradise, free from the wickedness of the outside world.

 

By 1978, the population of Jonestown, as it was called, had grown to over 900. And in November of that year, the residents of Jonestown were forced at gunpoint to drink poison. Nine-hundred and eighteen people died that day, the largest deliberate taking of American lives before September 11, 2001.

 

The people tasked with cleaning up found a shocking discovery: Not a single Bible was found in Jonestown. This “church” turned out to be one of history’s most dangerous cults.

 

As a follower of Jesus, you need to be regularly involved in a church, or local fellowship of believers — “not neglecting to meet together, as is the habit of some, but encouraging one another, and all the more, as you see the Day drawing near.” (Hebrews 10:25)

 

But you must choose your church carefully, avoiding false teachers, and making sure you don’t end up in a cult. Here are some characteristics of a cult, or a church or group that has gone the wrong path:

 

Authority Other than the Bible

Sometimes it is writings, such as Mormonism’s The Book of Mormon, Doctrine and Covenants and The Pearl of Great Price. Often it is the teaching of an individual, such as Charles Taze Russell, founder of the Jehovah’s Witnesses, who claimed that historic beliefs of the church were wrong (the Trinity and the deity of Christ).

 

The Jehovah’s Witnesses took this a step farther with their New World translation of the Bible, which is “the first intentional, systematic effort at producing a complete version of the Bible that is edited and revised for the specific purpose of agreeing with a group's doctrine.” (gotquestions.org)

 

Additional Revelation

Many cults are based on new discoveries or so-called revelations. For example, Joseph Smith’s founding of the Mormon church was based, he claimed, on his discovery of golden tablets. Other cult leaders simply declare that they have received direct revelations from God, which cannot be proven or disproven.

 

Paul warned in his very first epistle about those who departed from the established truth of the gospel: “But even if we or an angel from heaven should preach to you a gospel contrary to the one we preached to you, let him be accursed.” (Galatians 1:8)

 

The Mormons make their stand very clear: “We do not believe the Bible to be inerrant, complete or the final word of God.” (From an address to the Harvard Divinity School in March 2001 by Robert L. Millet, former dean of religious education at Brigham Young University.)

 

Incorrect view of Jesus

Both the Jehovah’s Witnesses and Mormons deny the full divinity of Jesus. They cite isolated passages to prove their point, rather than looking at the totality of teaching about the Lord. They ignore passages that show the eternal nature of Christ, such as John 10:30, “I and the Father are one” or John 17:5: “And now, Father, glorify me in your own presence with the glory that I had with you before the world existed.” Also, Hebrews 1:3 says of Jesus, “He is the radiance of the glory of God and the exact imprint of his nature, and he upholds the universe by the word of his power.”

 

Salvation by Works

Most cults do not teach that one is saved by faith alone in the finished work of Christ, but by following the rules and teachings of that particular group.

 

For instance, the Mormons add “obedience to the laws and ordinances of the gospel” to the requirements for salvation. But the Bible makes abundantly clear that works cannot save us: “For by grace you have been saved through faith. And this is not your own doing; it is the gift of God, not a result of works, so that no one may boast.” (Ephesians 2:8-9) Romans 4:5 says, “And to the one who does not work but believes in him who justifies the ungodly, his faith is counted as righteousness.” Also see Titus 3:5, Galatians 5:4.

 

Authoritarian Leadership and Excessive Control

If a church, or even a fellowship group, is led by someone who has complete rule, whose authority is never to be questioned, watch out! Pastors and elders are to lead gently and lovingly, “not domineering over those in your charge, but being examples to the flock.” (1 Peter 5:3)

 

Another warning sign is when group members are required to submit their daily lives to group control – to quit their jobs, or give all their money to the group. This was definitely true at the People’s Temple.

 

Other possible reasons for caution include:

 

Exclusivity / Denunciation of other groups – “Everyone else is wrong”

Secret rituals or doctrines

Bondage – you cannot leave, and if you do you are shunned.

 

Jeremiah 23:1-2 gives a dire warning to pastors who lead their people astray: “‘Woe to the shepherds who destroy and scatter the sheep of my pasture!’ declares the Lord. Therefore thus says the Lord, the God of Israel, concerning the shepherds who care for my people: ‘You have scattered my flock and have driven them away, and you have not attended to them. Behold, I will attend to you for your evil deeds, declares the Lord.’”

 

One of life’s most important decisions is choosing your church family. Ask Jesus, the Great Shepherd of the Sheep (Hebrews 13:20), to help you find a church and a shepherd who will be true to God’s word and lead you and help you “grow in the grace and knowledge of our Lord and Savior Jesus Christ” (2 Peter 3:18).

 

Pray this week:

Lord, guide me by Your Holy Spirit to know when a church or group is one that I should participate in, or avoid as a cult. Lead me to a true Christian fellowship that honors and glorifies You, and where I will grow in my faith and witness for you.

 

Do you have doubts about the group you’re involved in? 

Alan Zibluk Markethive Founding Member