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CMS and CRM – FREE and UNLIMITED – only at MARKETHIVE

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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 

Token Site: http://markethive.io/ 

Telegram: https://t.me/markethive_support

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

Github: https://github.com/markethive /  

Reddit: https://www.reddit.com/r/markethive/  

Crunchbase: https://www.crunchbase.com/organization/markethive

Medium: https://www.medium.com/@markethive

Bitcointalk: https://bitcointalk.org/index.php?topic=3309067.msg34535452#msg34535452 

Telegram News: t.me/Markethive

LinkedIn: https://linkedin.com/company/Markethive

Facebook: https://facebook.com/MarketHive

Youtube: https://youtube.com/Markethive

 

 

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. 
 

 

 

Markethive

Markethive’s ILP final strectch before our ICO Bench Launch

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Pay Attention
The Final Private Group Offer

Alexa has broken through to 27,400, 20,600 Membership subscriptions have risen past 12,000 15,500, 1/3rd of our projected funding ($100,000) has been reached!

We have built a social and market network on the blockchain. Over 20 years of developing, 4 years in beta, now we are listed on an exchange and ready to come out of beta with nearly 10,000 members, an Alexa ranking of 30,020 over 50,000 followers on our social networks.

Markethive coin has increased in value from 1 penny $.01 to a dime $.10 to $.20 in a short amount of time. The crypto Bull Market has returned and will continue to grow in magnitude for the rest of the year.
By summers end the growth of the industry should be staggering. Two well know protagonist billionaires agree, Tim Draper and Tom Lee.
https://markethive.com/group/marketingdept/blog/bitcoin-price-will-hit-4-million

This is one of the indications it is time to launch Markethive. After nearly a year with the new engineering firm and new engineers on the team, the platform is now stable and the next two months will be focused on bringing on many new upgrades, enhancements and new services.

The Offer.
What is an ILP?

The ILP is well defined in this article titled: What in heck is a Markethive ILP?

Buy $1,000 worth of MHV coin through our Markethive account (Markethive will transfer the coin to your Markethive account or your MEW wallet) and receive a .12 share of an ILP.

Buy $2,500 worth of MHV coin through our Markethive account (Markethive will transfer the coin to your Markethive account or your MEW wallet) and receive a .35 share of an ILP.

Buy $5,000 worth of MHV coin through our Markethive account (Markethive will transfer the coin to your Markethive account or your MEW wallet) and receive a .8 share of an ILP.

Buy $10,000 worth of MHV coin through our Markethive account (Markethive will transfer the coin to your Markethive account or your MEW wallet) and receive 2 shares of an ILP (one ILP and one shadow ILP).
A rotator: Plus earn an equal share of new ILP purchases in our official crowd funding launch of Markethive this summer (proposed)

Additional bonus: Existing ILP owners will also receive equal shares in the rotator Crowd Funding Launch and if you purchase an additional ILP via this offer we will double an equal amount of shares (not shadow shares) you currently hold.
ie: [If you currently hold 3 ILP shares, and purchase 2 ($20,000) new ILP accounts “receiving 2 x 2 ILPS = 4” 2 of your 3 existing ILPs will also be doubled. Giving you a new total of 9 ILPs.] 3 + 1 now equals 9!

This offer ends when 30 ILP shares have been acquired.  Several members have already taken us up on this.
Again if you do not know: What in heck is a Markethive ILP?

The following budget is what determined my decision to do one more private crowd funding before we launch our official Blockchain Crowd Funding and the Markethive Awareness campaign.

We need to raise the money to launch a huge ICO (like) public crowd funding campaign (AWARENESS CAMPAIGN) and need to raise $300k or more to make it a huge campaign. 60% of this money goes to launching our crowd funding campaign in June of this year. 40% goes to Markethive enhancements to prepare for the onslaught of new membership. We need to finish our Markethive.io site. It needs to be replicated. Our front page of Markethive is also getting a new face lift. And Markethive.net will be retrofitted as an ICO rating system

An online form to sign up for this offer is found at the bottom of this article or by tapping this link
ILP SIGNUP

Phase One ($20,000):
We will need to publish large Press Release campaigns to the following Crypto News Sites
 

  1. BUSINESSINSIDER.COM (via Prlog.com $350)                                          Alexa: 327
  2. CCN.COM Press Release $349                                                                    Alexa: 1,458
  3. COINTELEGRAPH.COM Press Release $3500                                           Alexa: 4,496
  4. BITCOIN.COM Press Release $1,995                                                          Alexa: 11,763
  5. COINTRAFFIC.IO (Scheduled Crowd Funding Campaign $25)                   Alexa:  15,823
    SEE MEDIA KIT PDF
  6. BENZINGA.COM Press Release $500                                                         Alexa: 21,239
  7. NEWSBTC Press Release $799                                                                   Alexa: 25,740
  8. LIVECOINWATCH PR via Coinzilla $200                                                     Alexa: 33,268
  9. ETHEREUMWORLDNEWS.COM  Press Release: $350                             Alexa: 40,325
  10. BITCOINIST.COM Press release $999                                                         Alexa: 41,709
  11. THEBITCOINNEWS.COM press release $990                                             Alexa: 41,493
  12. BITSONLINE.COM Press Release via Coinzilla $300                                  Alexa: 49,562
  13. BLOCKONOMI.COM Press Release is $199.                                              Alexa: 56,128
  14. BITCOINMAGAZINE.COM Sponsored Article + EMAIL $4000                    Alexa: 51,480
  15. INVESTINBLOCKCHAIN.COM  Press Release is $199.                              Alexa: 58,846
  16. DAILYHODL.COM Press Release $150                                                       Alexa: 60,654
  17. NULLTX Press Release $300 Sponsored Article $600                                Alexa: 65,887
  18. CRYPTOGLOBE.COM Press Release via Coinzilla $220                           Alexa: 79.744
  19. CRYPTODAILY.CO.UK  Press Release via Coinzilla $400                          Alexa: 80,870
  20. CRYPTOSLATE  FEATURED LISTING: $199 PER MONTH                      Alexa: 81,131
  21. PORTALDOBITCOIN.COM  PRESS RELEASE VIA COINZILLA: $200     Alexa: 91,297
  22. SMARTEREUM Press Release: $249                                                         Alexa: 97,553
  23. SMARTEREUM SPONSORED STORY: $999                                            Alexa: 97,553
  24. BTCMANAGER.COM Press Release $500                                                 Alexa: 112,197
  25. ZYCRYPTO.COM Press Release $100                                                       Alexa: 121,487
  26. BLOKT.COM Press Release $200                                                               Alexa: 164,593
  27. SLUDGEFEED.COM Press Release $100                                                  Alexa: 222,695
  28. CRYPTOCURRENCYNEWS.COM  Press Release $197                           Alexa: 376,032
  29. CRYPTORADAR Press Release $59                                                          Alexa: 1,304,572

SUB TOTAL                                          $19,000.00 Primary campaign

Phase Two ($75,000):
Secondary Marketing Assets

  1. COINMARKETCAP (3days banner at top of page $14,500)                       Alexa: 485
    SEE MEDIA KIT PDF
  2. CCN (sponsored story for $1499 + emailed to 100,000 $1.799)                Alexa: 1458
  3. COINTELEGRAPH.COM (Publish package $20,000)                               Alexa: 4,544
  4. COINDESK.COM Minimum $10,000 Newsletter $10,000 per                   Alexa: 6.294
  5. CRYPTOCOMPARE  (Sponsored Guide Sponsored Newsletter)             Alexa: 11,189
  6. BITCOIN.COM (500,000 Impressions Banner $5700)                              Alexa: 11,988
  7. Ivan Liljeqvist YOUTUBE CHANNEL ($11,000 interview)                        198k subscribers
  8. AMBCRYPTO (ICO form submitted $8,000)                                             Alexa: 22,118
    SEE MEDIA PACKAGE PDF
  9. ETHEREUMWORLDNEWS.COM (Native Article: $1200)                        Alexa: 40,325
  10. THEBITCOINNEWS.COM (Press Release $990)                                    Alexa: 41,493
  11. BITCOINIST.COM Sponsored Article + Social Network $1,950               Alexa: 41,709

SUB TOTAL                                          $75,000.00 Secondary package
 

ICO Launch and Rating Sites ($16,000):
We will need to register and publish to the portfolio of ICO benches and ICO revue sites. They all charge fees to do it “right”.

  1. COINGECKO.COM Banner Ad program $3500 per month                     Alexa: 6,595
  2. ICOBENCH Consultation, Mass Press Release  and  Listing $5000      Alexa: 38,516
  3. ICOMARKS.COM ICO Promotion Premium  $500                                  Alexa: 73,714
  4. ICOHOLDER.COM  PUBLISH ICO: $500                                               Alexa: 124,622
  5. ICORATING.COM  Listing + investment rating, publication  $3,500       Alexa: 155,355
  6. AIRDROPRATING.IO Rocket PR to massive social networks $600       Alexa: 163,761
    SEE MEDIA PACKAGE PDF ON FILE
  7. BLOCKCHAIN INVESTOR COMMUNITY   Free Submission                 Alexa: 238,472
  8. ICOBAZAAR.COM   Free submission
  9. COINSTAKER.COM  Full campaign package $2000                              Alexa: 345,864
  10. ICOALERT.COM   CONSULTING (Have Reached Out)                         Alexa: 380,596
  11. COINIST.IO Listing and Press Release $2,600                                      Alexa: 664,338
  12. COINLAUNCHER.IO   PREMIUM LISTING: .75 Bitcoin                         Alexa: 805,035
  13. FINDICO.IO    ONE MONTH PREMIUM: 3ETH                                      Alexa: 1,172,488
  14. ICOTOP.IO    ICO Rating Agency Free to Add your ICO                        Alexa: 2,270,743
  15. THETOKENER.COM   Full Ad package $2220                                      Alexa: 2,279,375
     

SUB TOTAL                                          $16,000.00

Advertising Channel for Email distribution, Social Networks Broadcasting, Banner advertising

  1. BUYSELLADS.COM Crypto Bundle to 16 high ranked domains, social networks and email distribution runs  $17,000                Alexa:  60,163

Required Development before Launch ($52,000)

Final Leg Project Priorities

1.    New Root Domain front page to qualify us for a banner account –          $4200

2.    Floating video on home page. Replaces video in Upgrade Level page.  Videos  1:Tutorials | 2:Entrepreneur | 3:Social Account Setup with associated links to the designated pages, sections or groups. –                              $840

3.    The “NewsFeed”  GROUP whereas members of the group posting to the group distributes the post to all Markethive members Newsfeeds from that member, not the group. Whereas pinning a post makes that post default on all new accounts made thereafter until Unpinned. https://markethive.com/group/default_newsfeed   
NewsFeed Upgrade: New signup notification on all newsfeeds. Notification alerts to a new signup, their name and link to the Profile Page, ability to friend request and send a tip and (who signed them up?)                                  $1400

4.    NewsFeed repair: Anyone who is a friend should see your Newsfeed posts on their Newsfeed, This is broken and inconsistent. Mostly with new members. When a post is deleted by the author or Group admin, it should be deleted for all. I can show you where this is not working.                                      $560

5.    When a friends Group is posted to, it should not appear on my News Feed unless I am a member of that group. Right now that is broken and appears on my NewsFeed      $560

6.    NewsFeed Upgrade: We need a search and filter. Search allows searching keywords, members, date range, group posts, and GEO. Filter determines what default displays. Same ranges.                                          $3500

7.    Blocking a member. Hides all newsfeed posts from being viewed both ways, removes the blocked member from the group and deletes all posts in owners  groups, removes all comments from owners blogs and hides all blog comments from member to owner and owner to member. Prevents blocked member from commenting on a blog, but allows viewing, and subscribing, but not SWIPING.                      $2800

8.    Gateway:  Payment Methods “Bitpay”, “AuthNet”, “Paypal”, “Amazon”, “Apple Pay”. All, payment processing is used for Entrepreneur monthly and yearly subscriptions and purchase of Markethive Ad Credits. Ad Credits can be used to purchase Markethive Coin to be used to purchase Advertising Services, such as News Feed Ad boosts, Banners, sponsored articles, Press Releases, Markethive Social Account broadcasts.                  $4200

9.    Entrepreneur “Upgrade Level” redesigned             $350

10.    Picwic Tracking Broken: IT BUDGET      $350
         a.    Capture Pages 
         b.    Capture Widgets 
         c.    WP Plugins 
         d.    Profile Page 
         e.    Rotator 
         f.    Mini Url

11.    Leads Control Panel broken IT Budget       $140
         a.    Empty folders disappear.

12.    Autoresponder issues IT BUDGET       $140
         a.    Drag and drop reorganizing is broken

13.    Markethive.io (Crowd Funding Promo Site)
         a.    Secure Certificate
         b.    New ICO like template
         c.    Finish Markethive IO  videos

14.    API coin transfer (First wallet) – IT BUDGET     $32,500

15.    Remove Paypal, designate verified when the phone number has been verified. Replace the image with a new Image  – IT BUDGET     $70

16.    Super Groups
         a.    Press Release Group. Customer built as a super group for just Press Release publishing and payment to publish standard, advanced and master levels.  IT BUDGET    $10,000
         b.    Sponsored Articles Super Group payment options for published to front page, distributed to social networks, distributed to WP blogs  IT BUDGET   $10,000
         c.    Curation function in all groups to add 3rd party RSS feeds and a deliver keyword(s) filter IT BUDGET $10,000

17.    Automated Tutorial System  IT Budget $5000

Proposed budget for IT upgrades is $90,000

Total proposed cash required ($193,000)

is a conservative estimate and we also want a treasure chest for additional development unforeseen at the moment.

Summary:

As Bitcoin Surges, so will the Markethive Coin and subscriptions and paid services. Our timing could not be better. We survived the Crypto Winter and it is now time to go to the moon.

Bitcoin Surging 19% Only the Beginning, Halving Will Propel to Meteoric Gains
https://www.ccn.com/bitcoin-surging-19-only-the-beginning-halving-will-propel-to-meteoric-gains

Markethive is this hybrid symbiotic phenomenon. Unique, exponentially powerful and will be a major driving force in unbelievable revenue generation as well as widespread respected service.

A Case study: Let’s look at the Media Content suppliers for the Crypto media. They have very big traffic and they publish banners, press releases, sponsored articles, ICO analysis all for fees and many make over a $million a year. The tools they use are not unlike the tools we deliver to you in Markethive. That being said, it is not difficult to grasp the fact many Markethive members can build a similar success with our system like we are building for you @ http://aboutbitco.in/

Keep in mind, we have not promoted it nor finished it, but it will be no different than a WordPress portal you could build using the same tools found in Markethive

https://www.worthofweb.com/website-value/aboutbitco.in/

Markethive is a market network and these tools are equally commanded by each individual which means any member at Markethive could produce similar traffic and revenue because of Markethive but not by Markethive. It is the entire vision to empower our members to achieve great heights.

Click here for ILP registration and purchase

Sincerely,

Thomas Prendergast
CEO  Founder
Markethive

 

The Markethive White Paper

Alan Zibluk Markethive Founding Member

Markethive

Italy’s Economic Pain Is the Bitcoin Price’s Gain

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Italy's Economic Pain Is the Bitcoin Price's Gain

Italy’s Economic Pain Is the Bitcoin Price’s Gain

 

Perhaps it took an economic crisis of another kind to lift the cryptocurrency markets. Italy’s economy is reeling amid a political crisis that has placed a spotlight on the cracks in the EU’s economic foundation.
 

Bitcoin Price Trends up as Italy’s Economy Falters

Italian bonds are going bust, and the negativity has spilled over into stocks as well. But as the global financial markets are reeling, bitcoin is finally beginning to see the light of day again, and it could just have something to do with the fact that a potential threat to the euro highlights the benefits of a decentralized currency like bitcoin.

 

The bitcoin price is currently trading above the $7,400 threshold after falling to a May low earlier in the day.

Reason to Rally

The cryptocurrency markets have been searching for a reason to rally, and many of us have been looking to the centralized governments of the world to provide that catalyst.
 

Meanwhile, the mechanics of the cryptocurrency markets are working just fine, and have pulled off a rally — albeit on modest trading volume — on a development that highlights the very strengths of a decentralized world. Bitcoin and its altcoin peers have proven once again the power of a digital currency that is not controlled by the central bank but instead the masses.
 

The crisis in Italy has placed a great deal of pressure on the euro, sending Europe’s common currency to its lowest levels against the USD in months. Italian bonds have similarly sold off amid the possibility of Europe’s third-largest economy staging a Brexit of its own. A decentralized currency like bitcoin becomes even more attractive when the common currency of Europe becomes unstable.
 

Fundstrat’s Thomas Lee cheered the crypto market’s response, telling Business Insider:
 

“To an extent, I think its good to see Bitcoin rallying with Gold, as the adverse developments in Italy and globally are pushing investors to risk-off. It’s good to see Bitcoin as an uncorrelated trade on a risk off day.”

 

Take the Latin American economy of Venezuela as an example. While the economic conditions in Venezuela are specific to the region, comprised of hyperinflation, food crisis and a broke government, the end result is a currency whose value has been destroyed. As a result, Venezuela’s currency was being exchanged for bitcoin at a record pace in mid-April, when more than $1 million in “bolivar-to-bitcoin” conversions occurred in a single day.
 

Italy’s fate in the EU has yet to unfold, and a snap election appears to be taking shape for the coming months there. In the meantime, it’s not just bitcoin that’s benefitting. Other leading digital currencies including ethereum, ripple, bitcoin cash and litecoin were all trading between 2%-4% higher while cardano soared nearly 10%.
 

AUTHOR Gerelyn Terzo CNN

Alan Zibluk – Markethive Founding Member

Markethive

Is Investing in Bitcoin and Other Cryptocurrencies Worth the Gamble

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Is Investing in Bitcoin and Other Cryptocurrencies Worth the Gamble

Is Investing in Bitcoin and Other Cryptocurrencies Worth the Gamble

The Technology Behind Cryptocurrencies

 

The creation of Bitcoin back in 2008 fueled the exponential growth of the cryptocurrency ecosystem, facilitating the creation of a rich diversity of coins and applications that many would deem revolutionary. Those who invested in cheap coins at the outset are reaping huge returns on their capitals, dwarfing the average returns one can acquire in the stock markets. Think about it; if you had bought $1,000 worth of Bitcoin in 2010, you’d be worth a staggering $35 million now. The possibility of earning colossal returns has attracted many to the arena, and this begs a crucial question: Is the hype on cryptocurrencies warranted or it is just a game of Russian Roulette?

The birth of Bitcoin – the first digital cryptocurrency that is decentralized by design – gave rise to a technology with the potential to redefine the very fabric of our status quo. This technology is called the Blockchain, which underpins Bitcoin’s protocol.

“Every informed person needs to know about Bitcoin because it might be one of the world’s most important developments.” — Leon Luow, Nobel Peace Prize nominee

Blockchain is essentially a distributed, digital ledger where every transaction is broadcasted publicly and recorded chronologically. The database is ever growing, expanding in tandem with the amount of transactions made on the network. The decentralized nature of Blockchain technology ensures that transactions are immutable and thus immune to change, offering full transparency for each and every transaction. Add to that the traits of increased security, higher efficiency, error-resistant and reduced transaction costs, it leaves no doubt as to why many are excited about Blockchain’s possible use cases. The utility of Blockchain technology is endless, with an ever-growing list of governments, industries and companies looking to further explore its usage.

Hotbed for Money Making

The birth of a revolutionary technology would always entail those looking to capitalize on its profitability. Blockchain is no different. Investors, traders and speculators can get in on the action by buying cryptocurrencies, which are digital currencies manifesting as variant applications of the Blockchain technology. There are over 900 coins available, with each offering a slightly different approach to solving a range of problems. Many early adopters have made a great sum of money, by buying the coins cheaply at its outset and realizing them much later on. Based on the statistics provided by ICOSTATS, the return on capital of 40 cryptocurrencies since their inception stands at a staggering 6703%! In order for you to earn similar rates of returns in the stock market, it will take you approximately 957 years.

These stellar returns inevitably attract many who are looking to earn multiples over their capital. Given the extreme technicality of cryptocurrencies and the underlying Blockchain technology, many do not fully understand the fundamentals of what they’re investing in. The immaturity of the current infrastructure – stemming from the relative infancy of the cryptocurrency industry — results in an inefficient price discovery mechanism, thereby creating an extremely volatile market environment. This poses huge risks for those looking to invest in a comprehensive list of coins.

Simply entering the market with the hopes of massive short-term gains without understanding the coins and their technology is akin to playing a deadly game of Russian Roulette. The radical volatility of the coins’ prices may significantly put your capital at risk. Just to draw a picture, Bitcoin’s price lost 40% of its value in a matter of days in December 2013, and at the start of this year, Bitcoin lost approximately 34% of its value in a week. While this can spell doom for many, there are those that find gratification by profiting from the intense gyration of prices.

The Verdict?

Nine years after Bitcoin kickstarted the technological revolution, the ecosystem centered around Blockchain technology has flourished and is looking ever so promising. New coins solving real world problems are launched at a tremendous pace, with new functionalities and applications pushing the boundaries of this nascent technology. With increasing user adoption and a keen interest by nations and corporations, it is only a matter of time before Blockchain technology becomes ubiquitous in our lives.

A flip side of this emergent technology is the great risks associated with investing in cryptocurrencies, especially for those with a short-term horizon and an absence of understanding in the coins they have invested in. Truly, the extraordinary volatility unique to cryptocurrencies creates a superficial impression of high stakes gambling in the eyes of many. Armed with the right understanding and knowledge of Blockchain technology, you would begin to appreciate its innate beauty.

 

David Ogden
Entrepreneur

DAvid Ogden Cryptocurrency Entrepreneur

 

Author: Aziz Bin Zainuddin

Alan Zibluk – Markethive Founding Member