Category Archives: Markethive

Business Building, Markethive

The Alleged $7.5 Billion Fraud in Online Advertising

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A 'Crisis' in Online Ads: One-Third of Traffic Is Bogus

As Digital Advertising Climbs Toward $50 Billion This Year, Marketers Battle Fraudulent Visitors

Billions of dollars are flowing into online advertising. But marketers also are confronting an uncomfortable reality: rampant fraud.

 

About 36% of all Web traffic is considered fake, the product of computers hijacked by viruses and programmed to visit sites, according to estimates cited recently by the Interactive Advertising Bureau trade group.

 

So-called bot traffic cheats advertisers because marketers typically pay for ads whenever they are loaded in response to users visiting Web pages—regardless of whether the users are actual people.

The fraudsters erect sites with phony traffic and collect payments from advertisers through the middlemen who aggregate space across many sites and resell the space for most Web publishers. The identities of the fraudsters are murky, and they often operate from far-flung places such as Eastern Europe, security experts say.

 

The widespread fraud isn't discouraging most marketers from increasing the portion of their ad budgets spent online. But it is prompting some to become more aggressive in monitoring how their money is spent. The Internet has become so central to consumers, that advertisers can't afford to stay away.

 

Digital "is too important," says Roxanne Barretto, assistant vice president for U.S. digital marketing at L'Oréal SA, which recently uncovered evidence that an online ad purchase was affected by fraud and other problems. "Slowing down spend represents a missed opportunity to connect with our core audience."

 

Spending on digital advertising—which includes social media and mobile devices—is expected to rise nearly 17% to $50 billion in the U.S. this year. That would be about 28% of total U.S. ad spending. Just five years ago, digital accounted for 16%.

 

The big question is whether attitudes will change if signs of fraud increase. Many people in the ad business are worried. Ziff Davis Inc. Chief Executive Vivek Shah, the chairman of the Interactive Advertising Bureau, said at the group's annual conference last month that Internet advertising was facing a "crisis."

 

Several big advertisers—including L'Oréal, General Motors Co. and Verizon Communications Inc. —have found that some of their online ad purchases were affected by fake traffic, people familiar with the situation say. Such examples threaten advertiser confidence in the effectiveness of digital compared with traditional media, such as television.

 

"When you bundle bots, clicks fraud, viewablity and the lack of transparency [in automated ad buying], the total digital-media value equation is being questioned and totally challenged," says Bob Liodice, chief executive of the Association of National Advertisers trade group. Advertisers are beginning to question if they should increase their digital ad budgets, he says.

 

By SUZANNE VRANICA

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Stephen Hodgkiss
Chief Engineer at MarketHive
markethive.com

Alan Zibluk – Markethive Founding Member

Business Building, Markethive

Markethive, The rise of the Entrepreneur

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Basic Orientation and the Legacy Alpha Founder special.

How are these two related? Well, they are and they are not.  In the orientation as I take you through a new Markethive account, we cannot avoid the Alpha default promotion and subsequent video and disruptions. So let me digress:

As we discover how the system works, how we set up our picture, our profile page, videos, blogging etc and how all that is centralized via our profile page, it becomes important to understand the current Alpha program and how that effects a major benefit the profile page has.

The Alpha program makes the profile page into a powerful advertising platform that connects all subscription registrants into your field of children.

The children: We are using the term “Children” and “Parent” to illustrate the relationships you will build advanced towards becoming an Alpha Voyager up to Alpha Founder.

You the “parent” sponsor a new subscriber “child” via your Alpha-powered profile page. This relationship never breaks. The “child” can de-friend you, go their own way, join different groups than you, basically become lost to ever connecting with you again, or they can remain your friend, become a strategic partner in your agendas, campaigns and strategies and belong to the same groups you do, join your coop programs. Either way, as your “child” and as long as you are an active Alpha Leader, every purchase they make in Markethive (ads, boosts, calendar displays, Blog promotions, Alpha upgrades) pays you up to 50% of their purchase as a direct commission.

Markethive is built upon the foundation of a free social network empowered by the culture adhesiveness of entrepreneurs and a powerful platform of inbound marketing technology and an advanced broadcasting platform not found anywhere else. The platform itself is priceless and would cost over $3000 per month to acquire anything like it.

The orientation part of this video is produced so you understand the basic nature of Markethive, it’s platforms of incredible marketing power, the culture, your engagement within that culture and how your Profile page becomes a serious tool to build a powerful  sphere of influence, a lifelong network and a source of a long term sustainable living income.

And this is at the core of the building of Markethive. Building a social network of entrepreneurs, in a social network system easy to navigate, with a clear to follow program to engage and indoctrinate entrepreneurs into becoming Alpha Entrepreneurs, alpha like the lead Dog in a pack.

Alpha Entrepreneur:
a) ability to protect oneself (rarely senselessly endangering oneself)
b) leading others
c) being a successful speaker that can persuade people with logic
d) not being afraid of confrontations such as arguments
e) high social intelligence
f) very high work ethic and drive to succeed; a strong desire to produce, earn, and excel 
g) a strong desire to shape one's environment rather than be shaped by it.
h) being the exact opposite of a loser (one who justifies quitting and rejects personal responsibility)
 i) promoting survival and inspiring others with good ethics.

Legacy Alpha Founder (Alpha Legacy)

Originally launched as the first version of the affiliate program, the “Legacy” Alpha Founders was designed to raise money to fund the “pending” marketing campaign as 2015 came into play. However, events being as they were, the system was not ready to promote or capable of broadcasting and as of July 2015, new engineering was required and major changes have occurred.  I am pleased to announce Markethive has a brand new Chief Engineer, Stephen Hodgkiss. We have also moved to Amazon servers, have rebuilt 90% of the previous code, have all brand new mail servers which are 100% approved through Amazon which means email delivers over 90% of the recipients.

Which leads us to a whole new level of an affiliate plan called the BeTheAlpha affiliate program. This program has replaced and added a whole new level of titles, rewards and achievements, through single level multi rank; step by step process with a progressive path to achieve top ranks. Those titles and ranks are as follows:

  1. “Free Member” (this is the new signup that has just discovered MarketHive) and will be consistently navigated to the Alpha presentation page until action to join a level occurs
     
  2. “Trail Blazer” is the first step of a series of growing your “business”, getting orientated with “Markethive” and customizing and configuring your “profile” page.  It is this step that prepares you to become a “parent” as well as understand the concept.
     
  3. “Voyager” activates the “profile” page to start gathering the “children” It is at this option another tool appears (Invite Contacts) allowing the member to invite everyone from their Gmail, Yahoo, Hotmail, AOL, and Lycos accounts to the profile page. The system also begins orientation into advanced functions like the Blog Widgets, Plugins and Leads capture page widgets and broadcasting.
     
  4. “Navigator” orientates and motivates to take leadership in organizing teams with Groups, Skype screen sharing and Web conference rooms. Also continues with tips and techniques using Markethive. This is the first level that also pays commissions from all the “children” the “parent” has gathered to date.
     
  5. “Commander” almost doubles commissions and comes with greater advertising benefits. Also includes weekly seminars with CEO and other company “Founders” regarding the power of and vision of Markethive.
     
  6. “Odyssey” like Commander gives a greater leverage in advertising advantages and greater commissions.
     
  7. “Founder” is the top of the chain of command, advertising credits and commissions plus a profit pool.

Thus being the coming Alpha Affiliate Program in 2016

The new Alpha Founder position @ $5000.00 in the new affiliate program will offer the following:

  1. One time deposit of $10,000 in ad credits
  2. $200 per month ad credits for life
  3. 50% commissions on all financial transactions by your children
  4. 1 share of 5% of the company’s revenue pool shared with unlimited Founder members.

The current 2015 Alpha Founder, now referred as Alpha Legacy @ $1200.00 offers the following:

  1. One time deposit of $3000 in ad credits
  2. $200 per month ad credits for life
  3. 50% commissions on all financial transactions by your children
  4. 1 share of 5% of the company’s pool (limited to 250 shares; members)
  5. Share of new children (customers) from corporate marketing and advertising campaigns
     

Alpha Legacy Year End 50% off sale. There are a limited number left and we are selling the contracts for $600 each. You can use these contracts to apply the terms to any number of Markethive Accounts, yours or someone you transfer the contract to or sell it to.

Our goal is to raise $100,000 to further fund engineering, and empower you to become serious entrepreneurs.  We all own this thing together.

See you at the meetings

Chuck Reynolds
Contributor

 

Alan Zibluk – Markethive Founding Member

Business Building, Markethive

Get at least 10,000 Pageviews and High PR dofollow backlink from Reddit

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Get at least 10,000 Pageviews and High PR dofollow backlink from Reddit

 

Do you know Reddit is one of the largest and most diverse online community. Reddit is filled with millions of people who have separated themselves into various subreddits based on their interest. As I know there is a subreddit that applies to apply to every kind of business. Now a days most social media marketing is a grind. With Facebook, you always have to spend some bucks to get likes, and this likes are of no value as Facebook is killing organic reach of business pages.

It’s very tough for a small business, blog, marketer to Log on to Facebook, Twitter and drive 10,000+ page views a month from beginning until you have huge cash to spend.

What is Reddit, and Why should you use it ?

Reddit is very different among all other social media, it is quite simple. Reddit is a platform where people share interesting things they find on internet. When something is submitted it will get  “Upvoted” or “Downvoted” As any submission get some upvotes, it will be over the “Hot” Page.

It depends on number of upvotes you get, whether your submission will go to the Hot page of subreddit or across the Hot page of whole site.

NB : In short more upvotes your submission get, more visibility it gets.

Difference between Reddit and other social platforms, is with very few submissions you get insane traffic, immediate access to users. Suppose you have a post and you think it will go viral, when you shared that post on Facebook only few people your friends, fans will have access at first or You can buy ads on Facebook and still a fraction amount of people will have access to it for whom you will pay.

No one else is going to have access to it until, your post get likes, comments and shares. Sames goes with twitter, when you tweet something it will be visible to your followers and out of them only few will see it.

Reddit is different anyone can submit anything from anywhere. There are some rules and regulations which are there but are not applicable until you post something stupid. Every post have to be submitted in subreddits (Sub-Communities), and the front page of reddit gathers the best post among the whole submission from the most popular subreddits. So it means, whenever you post something, you have immediate access to all the users of subreddits, although you need upvotes to have more visibility. This is the reason I say “Reddit is the Best Viral Engine in existence”.

Chuck Reynolds
Contributor

Get at least 10,000 Pageviews and High PR dofollow backlink from Reddit

 

Do you know Reddit is one of the largest and most diverse online community. Reddit is filled with millions of people who have separated themselves into various subreddits based on their interest. As I know there is a subreddit that applies to apply to every kind of business. Now a days most social media marketing is a grind. With Facebook, you always have to spend some bucks to get likes, and this likes are of no value as Facebook is killing organic reach of business pages.

It’s very tough for a small business, blog, marketer to Log on to Facebook, Twitter and drive 10,000+ page views a month from beginning until you have huge cash to spend.

What is Reddit, and Why should you use it ?

Reddit is very different among all other social media, it is quite simple. Reddit is a platform where people share interesting things they find on internet. When something is submitted it will get  “Upvoted” or “Downvoted” As any submission get some upvotes, it will be over the “Hot” Page.

It depends on number of upvotes you get, whether your submission will go to the Hot page of subreddit or across the Hot page of whole site.

NB : In short more upvotes your submission get, more visibility it gets.

Difference between Reddit and other social platforms, is with very few submissions you get insane traffic, immediate access to users. Suppose you have a post and you think it will go viral, when you shared that post on Facebook only few people your friends, fans will have access at first or You can buy ads on Facebook and still a fraction amount of people will have access to it for whom you will pay.

No one else is going to have access to it until, your post get likes, comments and shares. Sames goes with twitter, when you tweet something it will be visible to your followers and out of them only few will see it.

Reddit is different anyone can submit anything from anywhere. There are some rules and regulations which are there but are not applicable until you post something stupid. Every post have to be submitted in subreddits (Sub-Communities), and the front page of reddit gathers the best post among the whole submission from the most popular subreddits. So it means, whenever you post something, you have immediate access to all the users of subreddits, although you need upvotes to have more visibility. This is the reason I say “Reddit is the Best Viral Engine in existence”.

Chuck Reynolds
Contributor

Get at least 10,000 Pageviews and High PR dofollow backlink from Reddit

 

Do you know Reddit is one of the largest and most diverse online community. Reddit is filled with millions of people who have separated themselves into various subreddits based on their interest. As I know there is a subreddit that applies to apply to every kind of business. Now a days most social media marketing is a grind. With Facebook, you always have to spend some bucks to get likes, and this likes are of no value as Facebook is killing organic reach of business pages.

It’s very tough for a small business, blog, marketer to Log on to Facebook, Twitter and drive 10,000+ page views a month from beginning until you have huge cash to spend.

What is Reddit, and Why should you use it ?

Reddit is very different among all other social media, it is quite simple. Reddit is a platform where people share interesting things they find on internet. When something is submitted it will get  “Upvoted” or “Downvoted” As any submission get some upvotes, it will be over the “Hot” Page.

It depends on number of upvotes you get, whether your submission will go to the Hot page of subreddit or across the Hot page of whole site.

NB : In short more upvotes your submission get, more visibility it gets.

Difference between Reddit and other social platforms, is with very few submissions you get insane traffic, immediate access to users. Suppose you have a post and you think it will go viral, when you shared that post on Facebook only few people your friends, fans will have access at first or You can buy ads on Facebook and still a fraction amount of people will have access to it for whom you will pay.

No one else is going to have access to it until, your post get likes, comments and shares. Sames goes with twitter, when you tweet something it will be visible to your followers and out of them only few will see it.

Reddit is different anyone can submit anything from anywhere. There are some rules and regulations which are there but are not applicable until you post something stupid. Every post have to be submitted in subreddits (Sub-Communities), and the front page of reddit gathers the best post among the whole submission from the most popular subreddits. So it means, whenever you post something, you have immediate access to all the users of subreddits, although you need upvotes to have more visibility. This is the reason I say “Reddit is the Best Viral Engine in existence”.

Chuck Reynolds
Contributor

Alan Zibluk – Markethive Founding Member

Markethive

Bitcoin BTC Daily Price Forecast November 12

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Bitcoin (BTC) Daily Price Forecast – November 12

Bitcoin (BTC) Daily Price Forecast – November 12

BTC/USD Medium-term Trend: Bearish

Resistance Levels: $6,800, $6,900, $7,000

Support levels: $6,300, $6,100, $8,900

Last week the price of Bitcoin was in a bullish trend. The digital currency reached a high of $6,606.42 but the bulls failed to take price to the $7,400 price level. On November 7, the crypto faced resistance at $6,600 price level and it fell. It was suggested that if price broke the $6,400 price level in a downward trend, the crypto would find support at the $6,200 price level.
 

Today, the crypto fell and approached the $6,300 price level but now in a bullish trend. Price of Bitcoin is likely to continue its rise. Meanwhile, the digital currency is below the 12-day EMA and the 26-day EMA indicating that price is in the bearish trend zone. The MACD line and the signal line are below the zero line which indicates a sell signal.

On the 1-hour chart, the digital currency reached a low of $6,350 and pulled back. The crypto's price is above the 12-day EMA and the 26-day EMA indicating that price is in the bearish trend zone. 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 – November 12, 2018

Alan Zibluk Markethive Founding Member

Markethive

Bitcoin BTC Daily Price Forecast November 14

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Bitcoin (BTC) Daily Price Forecast – November 14

Bitcoin (BTC) Daily Price Forecast – November 14

  • BTC/USD Medium-term Trend: Ranging
  • Resistance Levels: $6,800, $6,900, $7,000
  • Support levels: $6,300, $6,100, $5,900

Yesterday, November 13, the price of Bitcoin was in a sideways trend. The crypto’s price had been in a sideways trend before price broke that level to the low of $6,300 on November 11. On November 13, the crypto’s price has resumed its sideways trend. Price of Bitcoin is now fluctuating above the $6,400 price level.

The 12-day EMA and the 26-day EMA are horizontally flat indicating the sideways trend. The small body’s candlesticks are indecisive candlesticks describing the indecision of buyers and sellers at the $6,400 price level. There will be no trade recommendation as the price of Bitcoin is still in a sideways trend. Meanwhile, the crypto’s price is above the 12-day EMA and the 26-day EMA indicating that price is likely to rise. The MACD line and the signal line are above the zero line which indicates a buy signal.

On the 1-hour chart, the price of Bitcoin is in a sideways trend. The price bars are fluctuating above the exponential moving averages. The MACD line and the signal line are above the zero line which indicates a buy signal.

 

By Azeez M – November 14, 2018

Alan Zibluk Markethive Founding Member

Markethive

Economist Explains The State Of Bitcoin

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Economist Explains The State Of Bitcoin

Economist Explains The State Of Bitcoin

 

Bitcoin is a currency which is unpredictable. In fact, the crypto market as a whole is volatile and subject change on an hourly basis, so, there’s no way of knowing what will happen tomorrow, the day after that and so on. This is why cryptocurrency investment is so risky

When it was initially created it was seen as one of the hardest currencies ever created – and maybe that is still true to this day – due to its finite supply which means it will always be a better store of value over time, Bitcoin economist Dr. Saifedean Ammous has suggested.

The number one digital currency in the world has just over 20 million token overall and so when the miners uncover all of these coins then there won’t be any more to dig out of the blockchain. This fixed supply is why the coin has surged so much in ten years according to Ammous.

In his new book, Ammous looks into the history of Bitcoin and where he sees it going in the future. The book is titled The Bitcoin Standard: Decentralised Alternative to Central Banking and is out now.

The book goes into what Bitcoin has gone through, from its creation by Satoshi Nakamoto to “ten years later, and against all odds, this upstart autonomous decentralised software offers an unstoppable and globally-accessible hard money alternative to modern central banks”.

In a recent interview with the Daily Express, Ammous says “Bitcoin is not the toy you want, it is the medicine you need.”

Just so you know, we are not financial advisors and this is not financial advice. So, do your own research and make sure you trade safe.

Ammous is one of the members of the Centre on Capitalism and Society at Columbia University and added that Bitcoin is here to stay and that is not optional.

As the number of coins in circulation increases, the cryptocurrency becomes a ‘harder’ asset which gives Bitcoin a better store of value according to the Bitcoin economist. Bitcoin is now

As reported by the Daily Express:

“BTC has become a ‘monetary good’ because its value is ‘completely determined by people buying it and selling it’ rather than people producing it… what makes something worth using as money is once people put their wealth in it and start to use it as a store of value it is hard for others to simply increase the supply and bring the price down and make more if it.”

 

By Robert Johnson Nov 14, 2018

Alan Zibluk Markethive Founding Member

Markethive

Do You Always Understand the Bible?

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The Bible as a unified portrait of the Savior

Written by GodLife on 09/01/2018
Series: Weekly Devotional
Tags: Prophecy, Reading, Evangelism, Confusion
Then he said to them, ‘These are my words that I spoke to you while I was still with you, that everything written about me in the Law of Moses and the Prophets and the Psalms must be fulfilled.’

Luke 24:44
Have you ever felt confusion when reading the Bible? What does it mean? How does it help you know God and His plan for your life?

On a trip to Jerusalem, a court official from Ethiopia read aloud from the Scriptures. He was getting more and more confused as he heard a voice coming from beside his chariot:

“Do you understand what you are reading?” “How can I, unless someone guides me?” the Ethiopian Eunuch responded, inviting Philip the evangelist to be seated. (Acts 8:30-31)

All of us have felt like the Ethiopian official at some point in time. Sometimes reading the word of God can be difficult to understand without guidance. Here are some ideas to help you get more out of God’s Word:

1. Each Book Has An Approach
What parts of a speech or book do you usually remember best? The stories? The Bible is full of exciting, true stories: The Creation and Fall. The Flood. The offering of Isaac. The Exodus. All of these help us know ourselves better as we get to know the people in them. When I see their limitations, it makes me think about, and admit, my own. Their stories also work together to give background to the biggest story of all. They tell us why Jesus had to come to earth. They tell us what His family tree was like. They tell us what the world was like when He came.

For me, another thing that makes part of a speech stand out is when a speaker suddenly switches to a different approach. God has done this throughout the Bible. He said, “I spoke to the prophets; it was I who multiplied visions, and through the prophets gave parables.” (Hosea 12:10). The prophets made predictions that came true, proving God’s eternal knowledge. The Bible’s preachers acted things out, giving the hearers and readers a clearer picture of God’s view of things. They used comparisons, called “parables,” getting to the eternal truth behind the personal struggles everyone faces. (God knows we tend to miss the truth because of our feelings.) They answered their own questions, like a lawyer in a courtroom moving the argument along. Through these writers, God explains how hard He has worked to reach the people who were turning away from Him. (Jeremiah 7:13-26 is an example.) When you read the Bible, ask yourself what God was trying to do with the people to whom it was originally written.

2. Each Story Fits Into His Story
A turning point eventually came in the bigger story. God showed up, in person. As Hebrews 1:1-2 puts it, “Long ago, at many times and in many ways, God spoke to our fathers by the prophets, but in these last days he has spoken to us by his Son, whom he appointed the heir of all things, through whom also he created the world.” The four Gospels are a faithful record of Jesus’ life and ministry. Although three Gospels (Matthew, Mark and Luke) are very similar, they each give a slightly different angle on Jesus’ ministry. They do this even while using most of the same events and sermons. The fourth Gospel (John) is very different from the other three. It begins in eternity, with God, the Creator of all created things, taking humanity upon Himself. (John 1:1-3, 14) It is written so that readers will believe Jesus is the Son of God, and have eternal life through Him. (John 20:21) The rest of the New Testament shows Jesus’ earliest disciples carrying on His mission, gathering followers as they spread the Good News, and writing to help the churches they began live out their faith.

3. Each Part Fills In a Detail of the Savior’s Profile
To help listeners get the point of a message, a speaker uses time wisely, building to the end. The Bible likewise explains that the most important part, the coming of Christ, took preparation. “But when the fullness of time had come, God sent forth his Son, born of woman, born under the law.” (Galatians 4:4) By giving us the detailed story of His family history and their successes as they trusted in God, their failures as they did not, God prepared readers for the story of Christ. World conditions were also ripe for Jesus’ coming in a number of specific ways, as described in this GotQuestions.org page.

Jesus told Nicodemus that, as “the teacher of Israel,” he should have already known that a person had to be born from above in order to see the Kingdom of God. (John 3:10) He challenged the religious teachers of his day who were arguing with Him by telling them the scriptures all testified about Him. (John 5:39) He specifically said Abraham foresaw His day (John 8:56), Moses wrote about Him (John 5:46) and complained that his followers were “…foolish ones, and slow of heart to believe all that the prophets have spoken.” (Luke 24:25)

Because he understood this truth, Philip the Evangelist was able to use the passage Ethiopia’s Treasurer was reading in the book of the prophet Isaiah, (Isaiah 53:7-8), written about 650 years before Christ was born, to tell him the good news about Jesus. (Acts 8:35) Would you be able to do something like that? Ask God to help you understand the Bible’s big picture as you read it all the way through this year.

Pray this week:
God, thank you for a new year. Will you show me what the Bible is all about this year as I commit to reading it through?

Do you have questions about how the Bible fits together?

 

Alan Zibluk Markethive Founding Member

Markethive

Tom Lee Cuts 10000 Off EOY Bitcoin Price Forecast

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Tom Lee Cuts $10,000 Off EOY Bitcoin Price Forecast

Tom Lee Cuts $10,000 Off EOY Bitcoin Price Forecast

Per an article from CNBC, Tom Lee, Bitcoin’s inside man at Fundstrat Global Advisors, recently lowered his Bitcoin (BTC) price prediction by $10,000, claiming that this industry’s foremost asset will only hit $15,000 by year’s end, not $25,000 as he has stated incessantly on previous occasions.

Like his previous bitcoin price calls, the Fundstrat executive drew attention to the break-even cost of mining one BTC, which he believes correlates directly with the price of the digital asset. Lee noted that the break-even cost with Bitmain’s S9 machine has fallen to $7,000 from $8,000, adding that it would be fair for BTC to surpass 2.2 times that amount.

He also drew attention to the Bitcoin Cash contention, which is an ongoing epic, as seen by the endless tussle between Bitcoin ABC and Bitcoin Satoshi’s Vision. Like other analysts, Lee explained that recent bearish price action can be attributed to the hard fork, alluding to the fact that this so-called “civil war” is instilling feelings of distrust in crypto investors at large.

However, while Lee’s decision to cut $10,000 off his forecast may accentuate fleeting hints of bearish sentiment, the bottom line is that the Fundstrat’s in-house research savant isn’t ready to give up on BTC just yet, even though his dignity took a strong blow to the chin, so to speak.

Lee added:

While bitcoin broke below that psychologically important $6,000, this has lead to a renewed wave of pessimism… But we believe the negative swing in sentiment is much worse than the fundamental implications.

Other Insiders Remain Bullish On Crypto

Interestingly, Lee isn’t the only industry insider to be bullish on the short to mid-term prospects of this industry.

In early-October, Spencer Bogart, a partner at Blockchain Capital, explained that positive institutional news, like the arrival of TD Ameritrade, Yale, and the Intercontinental Exchange (ICE), will likely be the primary contributor to crypto’s impending bonfire (bull run), as it were.

Lee backed this claim, drawing attention to the looming launch of Bakkt and FDAS as “[a] part of a broader creation of infrastructure necessary for institutional involvement.”

In contrast, Nikolay Storonsky, CEO of Revolut, has recently claimed that retail investors will drive 2019’s crypto bull run, going against the popular sentiment that the launch of the institutional-focused Bakkt and Fidelity Digital Asset Services (FDAS) will propel crypto to Main Street after Wall Street fills their bags.

Others have begged to differ, but as always, investors, whether from the Bitcoin maximalist or altcoin advocate camp, have begun to exert their opinion that a cryptocurrency bull run is in the cards. However, at the time of writing, the crypto market has failed to recover, with BTC and its altcoin brethren posting losses of 2-3%.

Alan Zibluk Markethive Founding Member

Markethive

Buying Bitcoins Recent Dip Could Be Profitable Chart Watcher Points Out

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Buying Bitcoins Recent Dip Could Be Profitable, Chart Watcher Points Out

Buying Bitcoins Recent Dip Could Be Profitable, Chart Watcher Points Out

Earlier this week, bitcoin saw its price drop nearly 12% in a single day, taking it below the $6,000 mark and breaking a longstanding support just under said mark. The day after, bitcoin hit a new yearly low under $5,500. The dip may be a profitable opportunity, according to one chart watcher.

As first reported by MarketWatch, Twitter user OddStats revealed that, throughout bitcoin’s history, large two-day sell-offs are usually followed by short rallies that can be profitable.

Using the Twitter users’ analysis it’s possible to see that in some cases it could’ve been extremely profitable to buy the dip, as long as it dropped over 10% in two days. The last time it occurred, at the end of March, BTC dropped roughly 14%, to about $6,840.

Those who bought the dip then would’ve seen their coins go up a whopping 46% in the next few weeks, as the flagship cryptocurrency then surged to nearly $10,000. As MarketWatch points out, in early February, the strategy would’ve been profitable as well.

At the time, BTC fell over 24.5% in said time period, but quickly recovered as in the next two weeks the cryptocurrency jumped roughly 72%. While in hindsight the strategy looks profitable, some of the microblogging website’s users have pointed out it would be hard to time the market, and that the data may not be representative.

Nevertheless, bitcoiners have seemingly been buying the recent dip. Data from the popular cryptocurrency exchange Bitfinex shows the number of long contracts surged from about 23,700 to roughly 26,700 in a few days.

As MarketWatch points out, the outstanding long interest is currently at its highest level since October 11. The two-day sell-off strategy, however, may have its flaws.

Late last year, when bitcoin hit its all-time high close to $19,000, the criteria were met on December 19-20. Buying the cryptocurrency then would’ve set traders down a further 20%, as the cryptocurrency kept on dipping.

Alan Zibluk Markethive Founding Member

Markethive

Bitcoin Prices Fall Even After Switzerland Approves World’s First Crypto ETF

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Bitcoin Prices Fall Even After Switzerland Approves World's First Crypto ETF

Bitcoin Prices Fall Even After Switzerland Approves World’s First Crypto ETF

Investing.com – Bitcoin and other major crypto prices fell on Monday despite news that Switzerland’s authorities approved the world’s first cryptocurrency ETF.

Bitcoin fell 2.8% to $5,515.4 at 12:47 AM ET (05:47 GMT) on the Bitifinex exchange, while Ethereum slumped 6.2% to $168.29.

Litecoin dived 6.4% to $40.636.

Elsewhere, XRP plunged 7.4% to $0.48959 on the Poloniex exchange.

Amun AG, a crypto startup, is offering the fund that would allow investments in major cryptocurrencies including Bitcoin, Ethereum, Ripple, Litecoin and Bitcoin cash in the coming days, according to various reports.

The fund will track the Amun Crypto Basket Index (HODL5), which is based on the performance of the top five cryptocurrencies.

It would start trading on SIX, a Europe-based exchange that has a market capitalisation of around $1.6 trillion.

Hany Rashwan, CEO and co-founder of Amun, said he explored 23 other destinations before Switzerland but found Swiss the most suitable.

In other news, Japan’s Financial Services Agency plans to regulate virtual coin wallets. Currently, only companies that buy and sell digital coins are required to register with the agency.

The agency argues that wallets are like bank accounts and should fall under their jurisdiction. At the moment, Japanese law does not apply to the wallet service providers because they do not trade in digital currencies.

Alan Zibluk Markethive Founding Member