Tag Archives: Cryptocurrency

Markethive Weekly Webinars – Do Yourself A Favor

Markethive Weekly Webinars – Do Yourself A Favor

There’s always something new and exciting happening here at Markethive and what better way to keep informed than attending our weekly live meetings. The Markethive Calendar is your go-to when checking what and when the meetings are held and also where. Situated in the blue navigational bar, and clicking on “Calendar” will display a pop-up window with the event, date, time and link to join. 

 

Currently, The New Markethive Economy meeting takes place on the Zoom platform. Google Hangouts may be used from time to time also. Wherever the meetings are held, the link will always be in the Markethive Calendar for you to access easily and quickly. These platforms are for the interim period until we launch our conference room at Markethive.

Markethive weekly meetings are live with the CEO and Founder Thomas Prendergast presenting and CTO, and Chief Engineer, Douglas Yates giving us all the latest updates as we move forward to launch and with the integration of the many facets which make Markethive unique in the many industries it covers, from Blockchain, Crypto and eCommerce, to Inbound Marketing, Digital media publishing, and MLM. (Note: These meetings are not recorded.)

There is always something new to learn when attending these meetings. Not only do you keep up to date with the latest news and get a better understanding of Markethive’s proprietary technology, but you’re welcome to give feedback or ask questions for more clarity on anything pertaining to the Markethive platform. 

It Lifts You Up Where You Belong

It is vitally important every new member coming into Markethive understands that it’s not just about the system, it’s about the character and caliber of people within the Markethive system. Based on collaboration, benevolence, and transparency, not division, greed, or opacity. The Markethive meetings are real and transparent, not hyped up and fake. They are uplifting and confidence-building jammed packed with valuable information and above all, friendly and supportive. 

 

Google Calendar Integration

What chaos would we be in if we didn’t have a calendar to remind us of our busy schedule? So instead of just going to the Markethive Calendar for the event within the back office, we have integrated the Google Calendar for both time-management and scheduling Markethive events, webinars, and leads that all auto-publish to your Google calendar. So you can be notified and gain access to any information and the link to attend all of the meetings from your personal calendar. This makes it even easier and is just one of the services in the Markethive environment. 

This tutorial video below will give you all the information on your Google Calendar to become a master at time management and never miss a meeting at Markethive. 

Random Airdrops… Bonus!

Most meetings randomly have MHV Coin Airdrops and the recipients are chosen from the people who attend any given meeting. These airdrops can vary and are often into thousands of coins. It’s a great incentive to attend and a sure-fire way to rapidly accumulate your MHV coin clip portfolio. The airdrops are distributed by Thomas Prendergast, so be on the lookout for a surprise in your coin clip. 

To make it even more interesting we invariably hold competitions which are announced at the weekly webinar and you will hear it first by attending the Markethive Meetings!   The old saying…”You never know if you never go!”  

 


 

Another Good Reason To Attend

As Markethive is in BETA, we are considered early adopters. Imagine sitting in at the meetings with the board of directors at Facebook or LinkedIn. Markethive is built for the people, with the people and is of the people and being decentralized on the Blockchain with its own ecosystem built-in, it’s very much your company and you are highly valued. You come first, so of course, with this ethos and the fundamental architecture of Markethive, your imminent success is Markethive’s success. 

Along with the Automated Tutorials system and Markethive Telegram Support Channel, you can learn so much from the weekly webinars while you are made to feel a part of the very fabric of Markethive. The first and only Social Market Network with its own Blockchain is the complete ecosystem for the Entrepreneur of which we can rightfully consider ourselves to be. 

Markethive is for everyone, particularly for the rank and file and a place to attain financial, personal and professional sovereignty. Thanks to the God-given vision and technology of Markethive we all have a way to succeed online. We no longer belong in the 99%ers.  

“Whether you think you can or whether you think you can't, you're right.”  – Henry Ford

You yourself determine your own success or failure. Self-confidence is a powerful thing. If you think you can, you will succeed or somehow find a way to do it. 

Find a way to get to the Markethive weekly meetings. It’s an exhilarating way to build your self-confidence. See you there! 

 

ecosystem for entrepreneurs

 

 

Deb Williams 

A Crypto/Blockchain enthusiast and a strong advocate for technology, progress, and freedom of speech. I embrace "change" with a passion and my purpose in life is to help people understand, accept and move forward with enthusiasm to achieve their goals. 

 

 

 

 

 

 

Markethive Hive Ranking System Rewarding Your Efforts – Increases Your Earnings

Markethive Hive Ranking System
Rewarding Your Efforts – Increases Your Earnings

The Hive Rank – What is it? 

Markethive’s Hive Rank algorithmically calculates and scores your activity and the interactivity you receive on your productivity you accomplish within the Markethive system.

The system tracks your engagements which include activities such as commenting on posts, friending and following people, subscribing to members’ blogs, messaging, joining groups, tipping and all other basic good practices that will have a positive effect on your hive rank score. It will increase and in doing so, increase your earnings. 

This also includes productivity like creating or swiping blogs, posting, creating capture pages, capture widgets, setting up autoresponders, creating groups, etc. All of this activity assigns predetermined and various calculated values that determine your score on any given day. These values do have a half-life which means depending on your activity, they will diminish which causes your score to fluctuate. In other words, your Hive Rank points expire and constant activity helps to keep your total score at a maximum.

Scores can reach into the thousands, depending on how consistently active you are on the platform, and the reciprocity achieved,  along with your utilization of the inbound marketing tools at your disposal and marketing efforts. High scores can also increase your micropayment faucet earnings, Infinity Bounty rewards, achieving Super Status and becoming qualified to achieve the coveted “Royal Bee of the Day”. 

Super Status – Royal Bee Of The Day (This is currently in development.)

Royal Bee which is Level 6 on the hive rank score is the highest one can achieve. The trick is to stay there. One of the benefits is you will be given the accolade of “Royal Bee For The Day” that will be on display for all to see.  This achievement can only be acquired once every 30 days. 

While you reign in this esteemed position for the day, you will receive all the new signups into Markethive for that day produced by the Markethive Marketing Department. That means as an Entrepreneur Upgrade, you will also receive the 500 coin matching bonus for each verified registration of all signups. Plus your micropayments faucet earnings will also be increased for any activity performed.  

What About Free Members?

Those who are a free member can still achieve the status of Royal Bee For The Day. This will put you in Entrepreneur Upgrade status for the day and you’ll receive the same rewards accordingly. 

Note: As a rule of thumb, you do not receive the matching bonus, as a free member, however, the associates you acquire through the system will be held for you as your associates and if you decide to upgrade within the first 30 day period you will be paid a 100% of the matching bonus of 500 coins. 

 

What steps Do You Need To Take To Activate The Hive Rank?

Whether you are a free member or an Entrepreneur Upgrade, to activate the Hive Ranking system you must have at least three referrals registered in Markethive through you. This includes verification of their phone number upon joining. If they don’t complete the verification process, then technically they have not joined Markethive. 

The Key 

It’s not just what you do within the Markethive Platform, your Hive Rank is also driven up by the engagement you receive when you post or market your blogs and/or capture pages. If your content gets a response and a lot of traffic coming to your site that also increases your hive rank. 

For example, when you create a capture page and promote anywhere on the internet, that capture page will, in turn, drive your Hive Rank numbers up.  So it’s not just what you do within Markethive, your hive ranking score increases due to the results of what you do. 

The key is to be active and consistent with all that Markethive offers to achieve these generous rewards which can only increase your universal income within the Markethive Ecosystem. 

Gamified But Cannot Be Gamed

Gamification makes it fun, exciting and competitive and above all increase your earning potential. Notably, there are limits to certain activities. For example, you can’t produce 10 blogs with one line of content on any given day just for the sake of increasing your score. You can create as many blogs as you like, however, your Hive Rank score will not reflect your activity in that case. 

So, in essence, the system cannot be gamed. Not even the creators of the algorithm can game or manipulate the system. 

Remember, some activities are time-limited so your hive ranking can drop but will rise after performing those tasks again. Eg: Logging in to Markethive daily. Alternatively, if you are blocked by a member, this can negatively impact your score for a time. The various categories included in the Hive Rank system can be found under settings and has 41 active categories at this stage.

Like a credit score of your activity and actions, the Markethive system monitors actions you conduct and rates them into an algorithm to display a rank level commensurate with your activity, engagement, and behavior. 

 

Markethive Is Built For You

Markethive has got you covered with an excellent gamification system that produces real income. It also enhances the building of your business with Markethive services and makes it fun and rewarding! There are many other platforms that are gamified, however, it is all in-house. You are rewarded with points or credits only. This only allows you to use those credits within that certain platform for advertising your brand, which otherwise would cost you money to do so. 

Markethive being the complete ecosystem built on the Blockchain, with its own Crypto Exchange, the Vault, mining hives, (in development), Markethive Cryptocurrency Coin (MHV), and products for sustainability will provide you with universal income with ease of liquidity to use that income. 

The Hive Rank is responsible for bonuses, bounties, and increases in revenue and plays a big part in the interest you earn in the upcoming Vault. Currently, in development, the Vault will replace the current payment center with a far more effective and rewarding system. It’s like having your own bank account within the Markethive ecosystem! The higher your Hive Rank the more interest paid to you. The Markethive Vault is unique and will be ready along with the Markethive Wallet. More about this in upcoming articles. 

Stay informed on all the developments of the Markethive Ecosystem by attending the weekly webinar on Sundays at 10 am Mountain Time. The link to join us at that time can be found in the Calendar in the blue navigation bar at the top of your Markethive home Page. Need to know what time it is in your country? Go here… https://www.timeanddate.com/worldclock/converter.html 

It is important to note Markethive is not an MLM or affiliate company, it is a referral company. So free members can benefit greatly by just referring 3 people which will activate the faucet or micropayments and Hive Rank. That means you don’t have to spend any money within the system. Simply build it and get rewarded.  

 

Markethive is the next generation of all things social media and marketing. So “GET ACTIVE!” and conduct your business and online activities with a system that truly rewards you so that you may have the success and create wealth that will surpass any other social media platform out there today.  

 

 

ecosystem for entrepreneurs

 

 

Deb Williams 

A Crypto/Blockchain enthusiast and a strong advocate for technology, progress, and freedom of speech. I embrace "change" with a passion and my purpose in life is to help people understand, accept and move forward with enthusiasm to achieve their goals. 

Social Network Setup And Registration PAYS YOU

Social Network Setup And Registration PAYS YOU!

The Major Advantages

By now I think all of us who work online have numerous social media accounts. As Markethive is a complete market network incorporating inbound marketing with SaaS tools, eCommerce, digital media, and a collaborative social media platform, you could say it is the granddaddy of them all. Markethive is making it possible for you to utilize all your accounts across the social media platforms where it will literally pay you to register all your separate accounts through the Markethive platform and by subscribing and following the many Markethive social media accounts will qualify you for the Infinity Bounty Program. (Currently in development)

 

The Infinity Bounty Program

The “Infinity Bounty” program is designed to enhance most of our future and current Bounty, Faucet and Airdrop programs. Markethive’s flagship Coin Bounty is our “Infinity Bounty” which requires social registration and social following with at least 9 of your social media accounts and following 12 of Markethive’s social accounts. This Bounty affects all of our future bounties. 

Markethive has the technology to recognize when you’ve connected and following their accounts and will then reward you with MHV coin, increasing your micropayments by 10%. Also, a 10% discount on the Entrepreneur Loyalty Program upgrade, as well as receive gifts, being invited to contests, Ad Co-op and Proof of Concept campaigns for all qualified Bounty members. 

The CEO and Founder of Markethive, Thomas Prendergast, explains the steps in this blog “The One Bounty To Rule Them All”.

 

 

The Markethive Community is exploding and at the heart is a collaborative and supportive ethos. The Market is exploding as the whole world is becoming entrepreneurs so there’s a huge demand for Markethive products. Markethive owns the technology and has spent the last 20 years building it. 

Built on its own blockchain with a cryptocurrency that is a consumer coin and not dependent upon the speculative value as is the case of other cryptocurrencies and platforms. This creates an eternal economic velocity in the entrepreneur ecosystem within Markethive making it easy for Markethive to reward the members via Bounty Programs, Micropayment Faucets, contests, and gamification.

Markethive, The Complete Social Market Network is becoming known for its generous Infinity Airdrops and continuous micropayments faucet system that is now active within the Markethive platform, where all members are paid for utilizing the system including learning what Markethive has to offer via the Getting Started page and don’t forget we at Markethive “Tip” Instead of “Like”. It stands to reason if they tip you they like you. This is creating universal income for all entrepreneurs who are active.

As Thomas Prendergast states,

“It is evolution, inspiration, prayer, faith, and application. Each step we take in creating is opening more doors. It takes courage to open these doors and walk through them. This is how this service came about. And it is going to make Markethive a force for the people.”

 

Pete Ade, a veteran Markethiver says, 

“If such a thing existed since the dawn of making money online, I think we will not have the current failure or drop out rates. This is a true blessing. How I wish I had such a system as a newbie online? Well, better have it now than never. Being in Markethive is being in the right place at the right time. All we all need is to take the right actions. I am following the instructions and taking the right actions, what about you?”

 

Increase Your Reach With Blogcasting

Registering your social accounts in Markethive opens up many more benefits and has the potential to increase your reach into the millions. As Markethive grows so do your followers and subscribers. Every time you publish a blog, that article is posted out to literally hundreds even thousands of social network news feeds and WordPress sites. 

The Blog cloud has the ability to create massive reach, SEO and backlinks at an exponential rate utilizing Markethive and WordPress to all Social Media and blogging platforms. This is a reach that goes beyond technology.  Markethive has developed a technology for the blog platform which has facilitated a combination of cultural and viral shifts. 

For example, If I subscribe to your blog and I have 20,000 followers across all my social media accounts, and you have 15,000 subscribers each with a similar following, your blogs have now been potentially seen by around 300,000,000 people which by enlarge are not directly subscribed to you. This is called a “reach” and extremely powerful. 

Markethive with their proprietary Blogcasting system has certainly made it exponentially more powerful.  They have certainly added fun, collaboration, reach, groups and storefronts, understanding, and power to the process. 

To understand more about the advantages of the Markethive Blogging system and social network integration go to this blog, “Markethive Blogging Platform – What Make It Outstanding?”.

Moving forward, the amount of followers/subscribers Markethive has in all of its social networks increases the viability of being a paid Press Release and sponsored articles platform as Markethive is now a media broadcasting system or news site. This is additional revenue and will be shared within the system in the vernacular of the Bounty Program, making it that much more lucrative just for being part of Markethive and using the platform to promote your business. 

 

And We’re Just Getting Started! 

Although this amazing system is up and running, for the most part, Markethive is still in Beta and continues to gain momentum and has now broken a new record with a Global Alexa Ranking currently at 9,993 and consistently improving every day.  This puts Markethive in the top 1% of digital news sites, in fact, any other similar network marketing site.

This is going to change the way we've worked online for the last 2 decades. This incorporates attraction, content, email, video and social media marketing and much more all on one platform on the Blockchain. Now that working online is being recognized as an occupation, this is a complete system that will work for anyone no matter what industry you are in. 

 

Regardless of what your drive is, Markethive will add to your agenda, broaden your reach, build your sphere of influence further and greater than anything before has even attempted to do. By registering your social networks and subscribing to and following Markethive’s accounts will qualify you for the upcoming Infinity Bounty Program where opportunities and increased earning potential are a given. 

 

Be part of the next generation in Social and Marketing Platforms called a Market Network. Markethive, built on the Blockchain offers a totally unique system and is the poster child of doing it right. 

 

 

ecosystem for entrepreneurs

 

 

Deb Williams 

A Crypto/Blockchain enthusiast and a strong advocate for technology, progress, and freedom of speech. I embrace "change" with a passion and my purpose in life is to help people understand, accept and move forward with enthusiasm to achieve their goals. 

 

 

 

 

 

John McAfee’s Guide To Help You Get To Your Destination

John McAfee’s Guide To Help You Get To Your Destination

I personally find John McAfee a fascinating, genuine and humorous character who enjoys life and truly believes at this time in his life, his god-given mission is to do anything it takes to “wake people up”, as he puts it, to the tyranny of governments and miracles of technology – Blockchain and Cryptocurrency which will free the people from the shackles of centralized institutions. I came across a blog written by John McAfee with his attempt to guide you through the checkpoints of Central America. He posted it in 2012 and tweeted it today in the hope it may help anyone traveling to join the protestors in South America. He certainly is a character and I had to have a little chuckle to myself as I read through the following…

  

The McAfee Central America Travel Guide

As all of my close friends know, I have not always been a teetotalling, drug-fighting citizen.  Prior to 1983, I was a synthesis of a corporate manager and drug dealer.  The drug dealer eventually won out, and for a period of time, that was my only occupation.  Well ….. taking the drugs that I sold also became a principal occupation.  This is not a secret, I tell anyone who asks, even the press.   Not many in the press reported much about it until Josh Davis’ eBook came out.  I am not ashamed of my past.  Our collective pasts make us who we are.  In 1983 I joined Alcoholics Anonymous and gave up alcohol and drugs entirely.  My exceptions are coffee, which some classify as a drug, and, occasionally, cigarettes.  Not proud of the cigarettes, I know they are bad.

During my drug-dealing days I became adept at those talents required of a successful drug dealer: clandestine travel through the Third World countries that produce and transport the goods; dealing with corrupt officials; dealing with drug lords and drug traffickers; successfully passing checkpoints; bribery, and in emergencies, the methods of escape.

I am a firm believer that all experience can be a valid teacher if a person listens to experience with unclogged ears.  Since it is a Saturday and I’ve had a tiring week, I will take a break from the task at hand and use what little I have learned to assist travelers that might appreciate the rewards of traveling off the beaten path in third world countries. It should also assist anyone engaging in questionable activities.  If a person does not directly harm another, then I try not to judge.  You might call this McAfee’s Travel Guide:

In order to make the most of your travels, you need to first understand that, throughout much of the Third World, there is a smoothly functioning “system” in place that has evolved over centuries. From the First World perspective, it is a “corrupt” system, and indeed, at the higher levels there is no other word for it, and this blog’s purpose is to remove the brutality and horror of such high-level corruption.  

At the lower levels, however, the system contains an element of grace and humanity, and this lower lever is all that most people will ever encounter.  You might still call this lower level “corruption”, but that’s not a helpful word if you want to acquire the most effective attitude for dancing with it. I prefer “negotiable”. It focuses the mind on the true task at hand when dealing with officialdom and removes any unpleasant subconscious connotations. So if you can view the following tools and tips as negotiation guidelines it will help bring the necessary smile to your face when the situation requires one.

Press Credentials

The most powerful tool a traveler can possess is a Press card. It will allow you to completely bypass the “documentation” process if you have limited time or limited funds and don’t want to deal with it. I have dozens stashed in all my vehicles, in my wallet, in my pockets, in my boats.  You might ask since I claim to be an upstanding citizen, why I would need such deception.  It is because I am one of the few white men who chose to live part-time in the interior of the country.  I was one of only three white guys living in the district of Orange Walk, for example. I have cars and enjoy driving and I travel frequently.  Not a day went by without having to go through a “checkpoint” of some kind.

 

I am paranoid about being caught without one when I need one. They have magical properties if the correct incantations are spoken while producing them. A sample incantation at a police checkpoint (this will work in any Central American country):

(Spoken before the officer has a chance to say anything) – “Hi, I’m really glad to see you.” (produce the press card at this point). I’m doing a story on Police corruption in (fill in country name) and I would love to get a statement from an honest police officer for the story. It’s for a newspaper in the U.S. Would you be willing to go on record for the piece?” You can add or subtract magic words according to the situation. 

Don’t worry about having to actually interview the officer. No sane police person would talk to a reporter about perceived corruption while at the task of being perceived to be corrupt. He will politely decline and quickly wave you through. If you do find the rare idiot officer who wants to talk, ask a few pointed questions about his superiors and it will quickly awaken his sensibilities. He will send you on your way.

The press card is powerful but has risks and limitations. Do not attempt this magic, for example, at a Federale checkpoint in Mexico on a desolate road late at night. You will merely create additional, and unpleasant work for the person assigned to dig the hole where they intend to place you.
 

Documentation

Documentation is the polite word for “cash”.

 

The real art of producing documentation is the subtle play of how much to produce. In some countries, a policeman makes less than a dollar an hour. At a checkpoint, a policeman will usually share his proceeds with the other officers lounging by the side of the road and with the police Chief. The Chief will get about 25% in countries like Colombia and Panama, so if there are three officers total, then a ten-dollar contribution will end up with about $2.50 in each person’s pocket – a good take for someone making about a dollar an hour in legitimate salary.

Nothing irks locals more than someone who produces documentation in excess of what is expected. It ruins the system for the rest of the population. The Police begin to expect more from everyone, and the populace is then burdened beyond any sense of reasonableness. I might mention that checkpoints for any given location in most countries are set up no more than once a week, and frequent travelers reach accommodations with the authorities so that they are not unnecessarily burdened to the point that they are single-handedly putting the policeman’s children through school. The police are, by and large, honest people with hearts, and few truly abuse the system.

So to give more than is reasonable is a crime against humanity. The following are some hard and fast formulas that I have learned from trial and error over the years:

Documentation is inversely proportional to traffic density – the higher the traffic, the less you pay, the lower the traffic the more you pay. This is simple economics: The police must make their personal quota from whatever traffic there is.

If you stop at a checkpoint and there are four or five cars in line, you can be assured that less than a couple of dollars will be expected from a Gringo. Smart folks carry a half dozen cold cokes and beers in a cooler in the backseat and simply reach around, grab one or the other and hand it out the window with a smile. In the late afternoon on a hot day, this will be received with far more appreciation than a few small coins. If you hand a cold drink to all of the officers, you could easily talk them into giving you a protective escort to the next town.

In low traffic areas, in addition to having to pay more, you will also entail more risk. It’s never good to travel lonely roads in Central America unless you are very experienced or closely wired into the authorities. However, if you’ve come down to do a dope score or are determined to visit sweet Crucita in some remote village and have no other choice, then strictly adhere to the following:

Do not get out of the car, even if ordered to do so. Your car is your only avenue of escape. It’s a ton or more of steel capable of doing serious harm to anyone foolish enough to stand in front of it, and once underway is difficult to stop. The checkpoint police in Central America never chase anyone down, in spite of years of watching U.S. Television and action movies. It’s too much work, plus they could have an accident. It’s not worth it for an unknown quantity. And they won’t shoot unless you’ve run over one of them while driving off. It makes noise and wastes a Round that they must account for when they return to the station – creating potential problems with the higher-ups. Not that I recommend running. It’s just that outside of the car you have lost the only advantage you have.

Smile and, if possible, joke. Say something like: “I’d like to stay and chat but I’m in a hurry to meet a girl. Her husband will be back soon.” This will go a long way toward creating a shared communion with the officers and will elicit a shared-experience type of sympathy.
Don’t wait for them to talk. Take the initiative. Have your documentation ready as you pull up and simply present it to the nice policeman while beginning your patter similar to the above, or whatever patter is comfortable for you. Never hand cash directly. Slip it in inside your insurance papers, or some other paperwork relating to your car or your journey, with about an inch of the banknote discretely sticking out. I use a Cannon Ixus 530 setup manual with the front and back cover removed. It’s small, light, and looks like it could be important paperwork for almost anything.

Remember: 50% of the police who stop you in some countries can’t read. This is a powerful piece of information for the wise.

Once the officer has removed the banknote, which will be immediate, reach out and retrieve your laptop manual (or whatever you choose to use), smile, wave and drive off immediately without asking permission, but slowly, without looking back. Doing the job and leaving quickly without appearing to hurry off is the key here. Don’t give them enough time to assess you.
The above is a failsafe formula for back roads of Central America if adhered to explicitly. Expect to part with at least 20 bucks. If, on approaching the checkpoint, you judge the police body language to be insolent or agitated, change the twenty for a fifty.

If something goes awry and the above, for some reason, has not worked, then pretend stupidity. Ask them to repeat everything they say and act bewildered. If ordered to get out of the car, smile broadly and simply drive off. Again – slowly.

If drugs or other contraband are planted in your vehicle by one of the police while another has your attention (a very common occurrence), understand, above all, that there is a zero probability that you will be arrested, unless you add to the “offense” by pissing someone off or otherwise acting unwisely. The intent is to scare. Under no circumstances deny that it is yours. Say something like “Damn, I thought I left that at home”, or “That’s the second time I’ve been caught this week.” This will show them that you are a good-natured player and will probably negotiate. Denying ownership of the contraband will be seen as confrontational – an attitude that brings high risk when dealing with Third World authorities. The “documentation”, however, need not be much. 

They have chosen an approach to make a living that is universally considered by the locals as “not fair play”, and they should not be unjustly rewarded for it. Sure, they did go to the effort of distracting you, and someone had to go to the trouble to plant the dope, so they deserve something, but $5 is the maximum you need to pay. If they ask for more, then you can safely become indignant. They will shut up. The locals won’t tolerate police that takes too much unfair advantage of the system, and your obvious awareness of the correct protocols will alert them to potential trouble if they push things.

If you actually are carrying contraband, of any kind – drugs, guns, Taiwanese sex slaves – whatever, and are caught, then the actions that you take within the first few seconds of discovery will have a profound impact on the rest of your life. The reality is: You have been caught. The officers have options:

1. Arrest you and charge you, where you are likely to confess to other people about exactly what you were carrying and how much – thereby limiting the policemen’s ability to make off with much of the cache. Or:

2. Come to some arrangement with you that is mutually beneficial and that does not include your demise or create any undue risks to the officers’ jobs or safety.
Option 2 is obviously preferable. To anyone not fond of prisons, that is.

Your first order of business is to assess your situation. If you are in a town or even near one with reasonable traffic driving by, then the chances of your demise, or incurring harm to yourself, are virtually nil if you keep your wits about you. If you are on a lonely country road, and there is only one officer, or even two, your risks could be high, so you will be handicapped in your negotiations.

On your side, you have the option to go to jail and tell your story to lots of people, which generally restricts the officers’ abilities to make money on the encounter. The higher-ups will take it. On their side, they have guns and threats. Ignore the threats. You are fully cognizant of the fact that their sincere hope is that some accommodation can be reached that enriches their pockets and allows you to leave the area without compromising them.

So — first things first. Smile. There is no circumstance under which a smile will handicap you when dealing with authorities.

Be friendly in your speech and immediately and fully acknowledge your situation, and theirs. This puts them at ease and sets the framework for negotiation. Be polite but firm. Let them know that they will not be able to walk off with your entire stash, and do this early on. It creates more reasonable expectations in their minds. If your contraband is drugs, offer them a small hit while talking. It re-enforces, subconsciously, the idea that the dope is your possession and that they are partaking due entirely to your goodwill. If you are transporting sex slaves, then I must say first that I cannot possibly condone your chosen occupation, but offering each one of the policemen a taste of the goods may well seal the deal without any additional cash thrown in.

It’s important to be firm without any semblance of hostility. If the policemen tell you, for example, that they are going to confiscate all of the goods, then, with an apologetic manner that implies an unfortunate certainty, say “I’m sorry, but that won’t be possible”. Shake your head sadly as if you had divulged: “My mom just died”. And this is the point to present them with an absurdly low offer. If you are carrying 20 keys of cocaine or a half-ton of marijuana, then offer them $50. Alternatively, you could offer them a one-ounce bag of the weed or a gram or so of the coke. If it’s sex slaves, tell them they can look at the bare breasts of one of the least attractive women (in parts of Southern Mexico, this might actually be sufficient).

They will be taken aback at your offer, but it will place any unreasonable expectations they may have in a stark perspective. As a rule of thumb, if you are near a populated place, you will ultimately settle by parting with an amount of cash equal to about 10% of the wholesale value of the goods. On a road with infrequent and unpredictable traffic, maybe 20%. If you are on a desolate road, especially if the body language is not comforting, you may have to bite the bullet, give them the entire wad, plus your car, and ask for a ride to the bus station. Don’t expect the police to accept the drugs or contraband as payment if you are near a populated area. They would obviously be seen transferring the goods to their vehicles. If you are not carrying sufficient cash, then you are unprepared, and shouldn’t be doing shady deals in Central America.

Never display fear or hostility. Smile throughout, and crack what jokes you can.

Name Dropping

Knowing the name of the country’s Police Commissioner and Armed Forces Chief, and the Chief of Police for each county or town you will be driving through can be very helpful. Knowing all the mayor’s names will not hurt any either. Name-dropping is a powerful tool in the Third World, especially for gringos, if used appropriately. Telling a cop in America that you are friends with the mayor or the police chief will seldom help you avoid a traffic ticket, and may even increase the charges. 

In Belize, offending the Police Commissioner will immediately get a policeman fired, with no repercussions to the Commissioner, and, depending on the offense, may even get the officer “erased”. So it gives an officer serious pause when you say: “The drugs belong to Commissioner (insert name). I am delivering them to a friend for him”. 

If spoken with authority and condescension, they can have a dramatic effect. No policeman in his right mind would try to validate the story. Resident Gringos, for odd reasons, are prized as friends by wealthy and prominent locals, so it would not be out of the question to be close with the Country’s Police Commissioner. If the cop asks any specifics, like, how you know the Commissioner, pull out your cell phone and say: “I have the commissioner’s number, why don’t we call him and you can ask him yourself.” You need to have solid self-assurance, or at least some large cojones, to pull this off, but in a tough situation, this can work miracles.

A small amount of research is necessary before using this approach. You need to know, for example, whether the police commissioner is really dealing drugs (almost all are). Every local inhabitant in the country will know this information (there are no secrets in the Third World). The policeman will certainly know.

You don’t have to be doing something illegal in order to use the name-dropping approach. When a friend of mine first moved to Belize, two policemen stopped him late in the evening while he was driving a golf cart across the bridge to San Pedro’s North Island. Before he could provide the proper “documentation” for a bridge checkpoint, one officer harshly demanded his drivers’ license, which he provided and then shut up. The officer’s attitude was not in harmony with a normal checkpoint situation. While he stared at my friend’s license, the other dropped a bag of weed on the back floor of the cart. (he didn’t smoke weed by the way.) When the first officer “discovered” the bag my friend said: “I hope you won’t tell the Commissioner about this. He’s a very close friend of mine and I wouldn’t want him to think anything bad about me.” The first officer divulged that they were only joking by planting the weed. He apologized and waved my friend through.

Generally, the tactic of planting drugs on people is only practiced in heavily trafficked tourist areas. The police in tourist areas are handicapped because tourists generally don’t “pay their due” to the police, or to any other functionary. Tourists consider it “corrupt” to have to pay policemen to do their jobs or to pay them in order to have the freedom to drive down the street on checkpoint day. The police, therefore, are forced to resort to unethical means in order to make a living in these places. I understand this well, yet some character flaw in myself won’t allow me to reward someone who plants drugs on me. My friend feels the same.

Gifts

Gifts occupy different strata in the system of negotiation. They are used when some future consideration is required, or after an official favor has been provided. Gifts can be small or large, depending on the circumstances and the wise person will have an ample supply ready for any event. I operate seven small businesses in Belize.  When I first opened them I refused to acquiesce to my business manager’s advice about gifts. I naively assumed I could skate by without them.  I was wrong, I finally allowed the guy to stock up on resources so that he could do the job I was paying him to do:

Now… to be fair to the authorities ….. I have no way of knowing whether these “gifts” were actually given to the authorities.  For all I know the business manager that I hired started his own retail outlet somewhere and is still living off of the proceeds. It’s difficult under certain circumstances to get at the facts.

Favors, likewise, are part of the system. They have no negative connotation, and they require gifts whose magnitude reflects the magnitude of the favor.

One common “favor” that is considered questionable is to gift an officer in the armed forces to provide armed support for a drug deal, a revenge raid, an armored car heist, or any similar function. It’s a very common occurrence but it’s deemed to be morally sketchy by most of the populace. The reason for this, I believe, is the sense of unease created by the image of highly organized, insolent, largely illiterate men with fully automatic weapons catering to the whims of anyone with spare change. 

The general consensus is that the system of “negotiation” should stop at the gates of the military. The military should uphold the system, not practice it, as my friend and philosopher Paz once said. This is no more illogical than policemen as “officers of the peace”. The fact that SWAT teams exist and every policeman carries a gun and is trained in violent tactics, should alert us to the fact that practicing peace is not the means of choice for maintaining peace.

Written and Posted by John McAfee, November 24, 2012

 

ecosystem for entrepreneurs

 

Deb Williams 

A Crypto/Blockchain enthusiast and a strong advocate for technology, progress, and freedom of speech. I embrace "change" with a passion and my purpose in life is to help people understand, accept and move forward with enthusiasm to achieve their goals. 

 

 

 

 

 

CMS and CRM – FREE and UNLIMITED – only at MARKETHIVE

CMS and CRM – FREE and UNLIMITED –  only at MARKETHIVE

CMS (Content Management System) and CRM (Customer Relationship Management) provides two separate objectives in the business software realm. A small business needs both a CRM and CMS and Markethive has them both built-in to make it easier for you. The next generation Inbound Marketing Social/Market Network built on the Blockchain with everything needed to succeed under one umbrella.  

 

What Is A CMS? [Content Management System]

You’ll need a CMS from the outset to build your website/capture page, create content on your blogging platform and get your business up and running. (Think WordPress or Markethive) Even if you're not in business, but want an online presence to showcase a product, start a blog or promote your services, you will need a CMS. 

Key features of Markethive CMS include:

  • Custom domain names: When you join Markethive you receive (for free) a CPanel control panel and WordPress system built into your assigned domain, a subdomain of hivesfeed.com

  • Web hosting: Store your website and all of its data either in the CMS or by integrating with a popular web hosting platform.

  • Site editor: Change the layout of your site, either using code or a drag-and-drop editor.

  • Content Library: Store content for publication including images and videos. 

  • Online-store: Set up a catalog of products and integrate a payment portal so users can shop online via your website.
  • Manages the creation and modification of digital content and typically supports multiple users in a collaborative environment. 

  • Markethive provides capabilities for multiple users to manage content, data and/or information of a website project, or campaign but gives you 100% control of your data. 

Markethive assists you in managing content creation, editing, archiving, publishing, collaborating on, reporting, distributing website content, data, and information.

 

What Is CRM? [Customer Relationship Management] 

CRM is quite different. CRM solutions organize and manage information about leads and customers, and so it is a very important tool. Businesses, sales and marketing teams can utilize this tool to keep track of their leads and make sure they’re communicating with their customers at the most opportune times.

You will need a CRM when you start to accumulate leads and build up your client base. (Think Salesforce or Markethive)  

Key features of a Markethive CRM include:

  • Contact management: Markethive acquires high-quality connections (leads) we call “associates”. In doing so, you have access to call them on their verified cell phone, email them on their verified email, message them through the Markethive system and the multiple social networks our system nurtures each subscriber to add to their account. 

  • Groups System: There is also the groups' system that shares your customized funnel systems with all Markethive members. Markethive is rich in data, but unlike the other systems, your data is yours and their data is theirs.  Only You control it, not Markethive.

  •  Interaction tracking: Document every interaction that you’ve had with your customer, including phone calls, support requests, and purchase history.

  • Lead management: Allows you to sort to specific folders, sort by Social network, GEO, email, phone, capture page. Transfer from one group to another and delete. Markethive also has funnel page systems that capture leads for you through the Markethive One Click Widget

  • Email management: It has utilized the OAuth technology to capture data via capture widgets through a choice of Social Media Sites situated on your capture pages, blogs and profile pages. You can send email campaigns or follow up directly from your CRM.  Email Deliverability: Main Inbox  99.97% Spam 0.0% Tabs 0.0%  Missing 0.03%  

Free when you subscribe to Markethive. There are no limitations on the amount or size of your list of subscribers and no upcharges. 100 addresses or 1 million addresses, you will experience nearly 100% delivery for no costs, for free.

 

Leads Funnel Technology

Markethive funnel technology is the epitome of Inbound Marketing, or Automated Marketing designed to draw visitors and potential customers in, generating massive leads and customers. Your system includes capture pages, survey pages, and your profile page all serving to bring traffic into your platform turning traffic into visitors, then leads, then customers and eventually promoters on your team.  Organic, qualified leads for your business on a platform where you can cultivate those leads into long term clients. A system that meets marketers needs on every level.

Markethive’s capture pages are twofold. Create capture pages to build referrals into Markethive, direct them to a specific group, set up specific autoresponders. Choose from a vast selection of thumbnail templates, or build a more sophisticated capture page with custom configurations for the more seasoned marketer. Either way, similar systems sell for over $200 per month and are complex and less effective than Markethive’s one-click proprietary enrolment widgets. All of this included for free to the moon Markethive.

 

Markethive On Blockchain With MHV Consumer Coin 

Markethive is a Social Media Market Platform that is essentially a hybrid between the social networks, Inbound Marketing, eBay and exchanges. What makes Markethive different to other alternatives is it's built on the Blockchain providing transparency; anyone can look at how we function and see that we are not spying on you. It also means everything you do is encrypted and private. The platform is completely decentralized, encrypted, private and secure. All of our code is open source, meaning privacy, transparency and free speech is foundational.

The Consumer coin, MHV, is being utilized within the Markethive exchange by way of airdrops, the faucet system, which rewards associates using the platform,  bounties, and loyalty rewards and the upcoming vault. So the coin is used within the commerce of the system thus creating the velocity. The Revenue is a vehicle that is used to buy the Markethive coin back in the free market so it can be redistributed into the economic vortex of the system. This is a fundamental difference to the other systems currently out there today.

The Markethive system has been developed to produce revenue in the traditional sense with the added benefits of the blockchain taking it to the next level. Markethive is a philanthropic endeavor. To give, not take. To help not exploit.

 

 

Conclusion 

This is the next generation of all things from the past. This is where it's at. Combining all forms of media and marketing built on the blockchain is the new era of online business. No more standalone platforms with the need to integrate with 3rd parties to create optimum leads and results. Markethive, 20 years in the making has had the forward-thinking and tenacity to integrate the latest technology to deliver a complete ecosystem for anybody aspiring to work online. 

 

ecosystem for entrepreneurs

 

FOLLOW US ON…

Website: https://markethive.com 

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Twitter: https://twitter.com/markethive/

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Deb Williams
Market Manager for Markethive, a global Market Network, and Writer for the Crypto/Blockchain Industry. Also a strong advocate for technology, progress, and freedom of speech.  I embrace "Change" with a passion and my purpose in life is to help people understand, accept and move forward with enthusiasm to achieve their goals. 
 

 

 

Do you Believe in Market Hive

Do you believe in Markethive, if so now is the time to take action. The price of bitcoin is high at the moment, which means you can agree to loan Markethive money for less bitcoin than ever (ILP).

Markethive ILP’s are nominated in $, so if you have just a small amount of Bitcoin 0.12571 you can sign up for $1,000 ILP. You can also use BCH, ETH,XMR or ZEC.

Remember you loan is secured with a corresponding amount of or own coin MVH, so in fact your investment is changing bitcoin for another cryptocurrency. Additionally, as Markethive starts to earn money as it grows you will start receiving a regular income from profits.

I have already used 50% of my bitcoin holding to set up an ILP, because I believe the future of the company is bright and I have nothing to lose.

David Ogden

Entrepreneur,
 

If you want to follow my lead Click Here 

See you at todays meeting

Alan Zibluk Markethive Founding Member

CHARLIE SHREM TALKS BITCOIN HODLING AND THE FUTURE OF CRYPTOCURRENCY

CHARLIE SHREM TALKS BITCOIN, HODLING, AND THE FUTURE OF CRYPTOCURRENCY

CHARLIE SHREM TALKS BITCOIN, HODLING, AND THE FUTURE OF CRYPTOCURRENCY

Charlie Shrem sat down with Yahoo Finance recently to discuss his thoughts on the present and future states of cryptocurrency.

THE STARTING LINE

Charlie Shrem, early Bitcoin $6901.27 +0.1% adopter and founder of BitInstant and Crypto.IQ was interviewed by JP Mangalindan of Yahoo Finance on Sunday. The sit-down took place at the MoneyShow conference in San Francisco last Thursday.

Shrem gave the audience some nuggets of wisdom and advice, while also discussing his thoughts on the current cryptocurrency market and its future trajectory.

The pair began by discussing Shrem’s early days in the dawn of Bitcoin — running the largest bitcoin exchanges at the time in the early 2000’s, followed by a stint in prison after selling Bitcoins to resell on the now-defunct ‘black market’ website, The Silk Road.

After serving two years, Shrem teamed up with Randall Oser to create Crypto.IQ, which offers a membership service that includes access to portfolios, cryptocurrency analysis, reports, and education.

 

A PHOENIX FROM THE ASHES

When asked about his take on the current state of Bitcoin, Shrem took the chance to remind new investors that historically, it hasn’t been all sunny days for the cryptocurrency markets. He stated:

A lot of crypto people aren’t traders, traders know there are bull and bear markets. A lot of crypto people think it’s always bull.

Shrem does not seem discouraged by the current bear market. “It’s during these bear markets,” he said invoking ideas of creative destruction, “it’s when things die, things are born and rebuilt.”

GETTING IN — GETTING INTRIGUED

With the number of existing cryptocurrencies exploding to over 1,800, many are bound to die out in time. Shrem noted that the cryptocurrency space has become much more competitive due to the large number of different projects. Bear market cycles are necessary to shake out projects that have no real-world value.

The huge proliferation of cryptocurrency projects also allows people more avenues to become a part of the cryptocurrency economy.

Shrem praised projects that are legitimate and genuinely attention-grabbing of new people saying, “It’s getting people in. It’s getting people intrigued.”

He advised those who are just beginning to invest, “Choose an amount that you’d be okay with losing.” he continued, “Invest [that amount] in a basket of crypto and just have fun with it. Just enjoy it and learn.”

Shrem recommended locking up the investment to allow it to mature for five years.

 

PUTTING MY MONEY ON 2019’

Mangalindan asked Shrem how to respond to those concerned about the volatility and price of Bitcoin. Shrem responded optimistically, “It was a crazy move. We went from $1,000 to $20,000. The market has to digest that.”

Shrem and other long-time investors realize that the current bear market is simply following the pattern of experiencing periods with large-percentage gains, and subsequent corrections.

Shrem is still bullish on Bitcoin $6901.27 +0.1% claiming, “Honestly, I’m a buyer between $5,000 and $6,000. “Shrem was also asked about his thoughts on the recent rejection of Bitcoin Exchange-Traded Funds (ETFs) by the SEC, a topic that has garnered a great deal of media coverage lately. Some investors are claiming that ETFs will make the price skyrocket, others think ETFs will have only a small effect on the market.

“We’re not ready for an ETF.” said Shrem, “The market is too liquid, it’s too manipulatable.” He cited the recent pump of Bitcoin price during maintenance on the BitMEX exchange as an example.

“We only have a first shot at it.” Shrem stated, “We have an ETF, something happens, we get screwed, they shut it down. Do you know how hard it’s going to be to have an ETF again?”

Shrem remains certain that the ETF will happen, stating, “I’m putting my money on 2019.”

 

 

 

KYLE BAIRD · @CRYPTOBIZZLE | AUG 28, 2018 | 00:00

Alan Zibluk Markethive Founding Member

JPMorgan Looks Into Crypto Months After Their CEO Called Bitcoin ‘Stupid’ and ‘Dangerous’

JPMorgan Looks Into Crypto Months After Their CEO Called Bitcoin ‘Stupid' and ‘Dangerous'

JPMorgan Looks Into Crypto Months After Their CEO Called Bitcoin ‘Stupid’ and ‘Dangerous’

Back in September of 2017, JPMorgan’s CEO Jamie Dimon called Bitcoin “stupid” and “dangerous.” Dimon also said if he caught anyone buying or selling Bitcoin he would “fire them in a second.” His words carry heavy weight as one of the most prominent voices in the global finance world.

However, it appears his opinion changed. JPMorgan is looking into the use of cryptocurrencies despite their purported threat to the bank’s current business model.

Oliver Harris was the bank’s former head of developing new financial technologies – now, he is looking into the risks and rewards associated with digital assets and blockchain technology as Bitcoin moves towards mainstream adoption.

The move may be related to JPMorgan’s competitor Goldman Sachs’ decision to hire Justin Schmidt, a trader specializing in exchanging cryptocurrencies. However, JPMorgan’s decision to look into blockchain assets is surprising, especially considering Dimon’s harsh remarks towards Bitcoin only nine months ago.

In January of 2018, Dimon recanted his prior statements when he told Fox he is open-minded with regards to blockchain assets:

“The Bitcoin to me was always what the governments are gonna feel about Bitcoin as it gets really big, and I just have a different opinion than other people. I’m not interested that much in the subject at all. The blockchain is real. You can have crypto yen and dollars and stuff like that. ICO’s you have to look at individually.”

in addition to researching cryptocurrency assets for the banking giant, Harris will also be leading Quorum, the bank’s in-house blockchain project. According to a report from Reuters’ Anna Irrera, JPMorgan is considering turning Quorum into an independent company.

Bitcoin has been growing at a rate of 165% per year for the past six years, according to Pantera Capital’s CEO Dan Morehead. Cryptocurrencies are becoming a hot commodity, and institutions such as JPMorgan and Goldman Sachs’ are finally looking for ways to get in on the action.

The CME and CBOE recently launched Bitcoin futures trading platforms– now, Goldman Sachs and JPMorgan are investigating cryptocurrencies as well. The acknowledgment of large banks and corporations toward the vast potential of blockchain technology is significant because it will increase awareness of the crypto scene.

 

Author Jacob Tuwiner

 

Posted by David Ogden entrepreneur

Alan Zibluk – Markethive Founding Member

Bitcoin tide favoring bears and the coming April 17 brings really bad news

Bitcoin tide favoring bears and the coming April 17 brings really bad news

Bitcoin tide favoring bears and the coming April 17 brings really bad news

If you noticed lately, Bitcoin (BTC), the leading cryptocurrency, has been stuck below $7000.

As of Friday, it was in the $6,600 range, dangerously close to the $6,400 when the market ‘bears’ bet the crypto is on a downward path.

What’s worse is that the US tax season is upon us, and every Bitcoin holder living in America is taxed on their capital gains, and they will be unloading the crypto to be able to pay their taxes in cash to the US government, come April 17.

A major sell-off is coming which will impact crypto holders globally, but what is the state of Bitcoin today?

Not dead yet: Crypto coins have fallen but trying to get up

Stuck in purgatory

Coindesk reported that Bitcoin (BTC) fell below the $7,000 mark on Wednesday, Thursday and Friday, and neutralizing any bullish outlook.

“More worryingly for the bulls, a further decline towards $6,425 (recent low) would turn the tide in favor of the bears,” Coindesk said.

“Since late February, bitcoin and U.S. stocks have been moving more or less in tandem, indicating the cryptocurrency is still being perceived as a risk asset.”

But according to CNBC, Bitcoin is likely to fare worse than other assets in the coming months because it has no fundamental value, quoting London-based Capital Economics, Thursday.

The firm explained that the cryptocurrency has been quite closely correlated to the S&P 500 since the price started to fall from its record high $20,000 at the end of last year.

“But the correlation has been coincidental. For bitcoin, the recent fall in value has been due to concern over regulation, a ban on cryptocurrency advertising, ICO fraud, banks banning customers from buying it via credit cards, and others,” it said.

“Stocks meanwhile have been hit thanks to concerns over a U.S.-China trade war and potentially slowing growth.”

Capital Economics said that while stocks are likely to fall further this year, bitcoin will be worse off because it is essentially worthless “and simply not a credible long-run alternative to conventional currencies.”

That doesn’t say that bad news affecting stock markets, like an escalating rhetoric around potential trade war between the US and China, are not also affecting crypto prices.

 

ICO warnings

Governments and experts around the world have warned about Initial Coin Offering (ICO) fraud.

Some reports said 80% of ICOs are said to be scams.

The Financial Times (FT) said that there are nearly 1600 cryptocurrencies listed on Coinmarketcap, and that number grows every time a new startup sells a token.

According to tracking website Coinschedule, around 160 coins have so far been released this year via ICOs, raising more than $5bn.

“The money raised in the first three months of the year alone exceeds the total raised in the bumper year that was 2017, and that’s even if you strip out the money raised so far for the mega-ICO from Telegram, the encrypted messaging service,” said FT

FT warns that ICOs create swapping mechanisms between cryptos while existing cryptos can also be cloned, or “forked”.

“And it’s not as if all these digital tokens aren’t correlated to each other. When one goes up or down, they all tend to follow suit,” said FT.

Table 1

7d Price Change For Major Cryptocurrencies

Cryptocurrency %7d

Bitcoin -13.41

Ethereum -15.90

Ripple -13.28

Litecoin -11.65

Source: Coinmarketcap.com 4/4/18 at 2:30 a.m.

 

Table 2

Number of Cryptocurrencies That Advanced/Declined In The Top 100 Ranks

Cryptocurrencies Advance/Decline Number

Advance 12

Decline 88

Source: Coinmarketcap.com 4/4/18 at 2:30 a.m.

 

Bad news from India

Forbes reported that the Reserve Bank of India RBI) has banned banks from allowing people to transfer money from their bank account into Bitcoin wallets.

“Meaning if there is a Bitcoin market in India, it is going to move underground,” Forbes said.

“India is not a huge market for crypto, so Bitcoin was down only 2% upon hearing the news and probably not due to the RBI’s announcement. China, South Korea, Singapore, Japan and the U.S. are the biggest markets for cryptocurrencies.”

 

Worse news from the US

According to the Coin Telegraph, Fundstrat’s and Wall Street expert Tom Lee has predicted a “massive outflow” of cryptocurrency to fiat money in the lead up to tax day in the US, quoting a CNBC report on April 5.

Lee notes that, since US households owe an estimated $25bn in capital gains taxes due to their crypto holdings, and crypto exchanges also will owe income taxes, both households and exchanges will be selling their crypto to pay the US government.

“We believe there is selling pressure by crypto exchanges who are subject to income tax in U.S. jurisdictions. Many exchanges have net income in 2017 [of more than] $1 bln and keep working capital in [Bitcoin]/[Ethereum], not USD — hence, to meet these tax liabilities, are selling BTC/ETH.”

According to Lee, “historical estimates are each $1 of USD outflow is $20-$25 impact on crypto market value.”

 

Author Hadi Khatib

Posted by David Ogden Entrepreneur

Alan Zibluk – Markethive Founding Member

Crypto Week in Review – Bitcoin, Ethereum, Verge, Litecoin, Bitcoin Cash and Ripple Struggle

Crypto Week in Review – Bitcoin, Ethereum, Verge, Litecoin, Bitcoin Cash and Ripple Struggle

It has certainly been an up-and-down week for cryptocurrencies. Things started out relatively peaceful when allegations arose that the currency had somehow dominated its incoming “death cross,” and that the slump users had been witnessing over the past several days may be coming to end. This seemed to hold true when Bitcoin rose from $6,900 to $7,100 – a $200 jump from where it had long stood.

All Barricades Defied?

the currency rose to just under $7,500 following the announcement that Coincheck – one of Japan’s biggest cryptocurrency exchange platforms and the recent victim of a hack that saw over $500 million in NEM stolen last January – would likely be “rescued” by Tokyo-based exchange Monex Group.

The company issued a formal statement saying that it was in talks with Coincheck about a possible “takeover,” and that a deal could be reached by the end of the week. This sent the price of bitcoin surging, as hope and enthusiasm once again found themselves fluttering through the cryptocurrency arena.

This positivity was short-lived, however, as a near $600 drop in the price occurred the following day, and bitcoin fell to about $6,800. Now, the coin has settled for $100 less and is trading at approximately $6,800, suggesting that the currency is holding its ground, but has undoubtedly been affected by recent trends.

 

There appear to be several reasons for the latest drop, one being a hack that occurred on Verge’s blockchain.

Verge is a privacy-oriented cryptocurrency, and it’s alleged that hackers may have implemented several bugs in its system to walk off with anywhere between $15,000 and $1 million in company coins (sources differ greatly in how much the amount totals).

While the attack took place on an altcoin, the story raises several questions. Verge’s blockchain requires a proof-of-work validation mechanism, much like Bitcoin and Ethereum, which makes users wonder if these latter blockchains are also vulnerable to similar bugs and malware.

Larger news stemming from India likely took a larger toll on the coin’s position and current pricing. The country’s of India’s Reserve Bank has hinted that it plans to potentially ban Bitcoin trading on a whole while building its own digital currency. This has led to negative reactions among residents, who claim that a national virtual currency wouldn’t necessarily be threatened by Bitcoin and other forms of crypto.

The move could be especially damaging considering India accounts for roughly 10 percent of the world’s cryptocurrency trades. A full ban on Bitcoin by India may wind up affecting not only users but the country’s financial stability in the global blockchain market.

Not Much Help from “Experts”

In addition, several other leading cryptocurrencies have also experienced serious drops in their prices. Ethereum is down to about $380, while Bitcoin Cash is hovering at just over $630. Ripple is hovering around $0.50. Litecoin is trading at a new low of approximately $116.

Thus far, we have experienced mixed reactions from analysts, some of whom claim Bitcoin could encounter a solid bull run by the year’s end. Others feel that the coin’s final days are near, and the bubble surrounding Bitcoin has officially been popped.

 

Author Nick Marinoff April 6, 2018

 

Posted by David Ogden Entrepreneur

 

 

Alan Zibluk – Markethive Founding Member