Bitcoin Teeters on 10K But Can It Fend Off Another Bear?

Bitcoin Teeters on $10K, But Can It Fend Off Another Bear?

Bitcoin’s recent market movements have thrown into contention consensus about its short-term price direction, with traders asking openly if demand is strong enough to fend off another bear market.

Such a question has emerged in the wake of the world’s largest cryptocurrency’s inability to set new highs above those seen in June and July, when optimism about a Facebook cryptocurrency launch pushed the price of bitcoin to $13,880 and $13,200 on June 26 and July 10, respectively.

Since then, bitcoin has largely failed to test these highs again, prompting speculation traders may be willing to push the market into a lower range, one that could be deepened by available futures options.

However, investors and analysts remain bullish based on the assumption that demand will continue its current course, helping to sustain prices around $10,000 until next year’s May halving takes effect. Then, investors will see the amount of new bitcoin introduced to the market daily cut in half, with each new block in the blockchain producing 6.25 BTC, down from 12.5 BTC.

As can be seen by the recent litecoin halving, events that increase the perceived scarcity of cryptocurrencies have proven to catalyze buying interest.

Further, Jeff Dorman, chief investment officer at Arca, an investment management firm focused on the asset class, argues that with the likes of Bakkt and Fidelity opening their doors to new money amid current global economic tensions, bitcoin looks attractive to large hedge fund managers seeking to offset risk in traditional markets.

Dorman told CoinDesk:

“Most macro hedge funds are contemplating using BTC as a better way to offset the systemic risks that are building globally. There seems to be too much interest and too much money on the sidelines for the market to really go lower in any meaningful way.”

Factoring Miner Demand

Analyzing the cryptocurrency markets remains an evolving science, but new metrics suggest that bitcoin may currently be priced favorably ahead of the halving event.

The Diffiulty Ribbon, created by influential market analyst Willy Woo, for example, was recently released. It helps illustrate how leading analysts believe miner selling pressure affects the price of bitcoin.

(As miners are believed to sell the BTC they receive from winning block rewards – to pay employees, electrical bills and other real-world costs – they are believed to influence market direction.)

The above chart shows bitcoin’s “network difficulty,” a function of how hard the software makes it to discover a new block and thus claim the new cryptocurrency it releases to the market.

When the rate of network difficulty increases slows, analysts believe this is a sign miners are shutting off their hardware (leaving only the strong miners who proportionally need to sell fewer coins to remain operational). It’s believed this leads to reduced sell pressure and more room for price increases.

The ribbon consists of simple moving averages of BTC network difficulty so the rate of change of difficulty can be easily seen. According to Woo, the best times to buy BTC are zones where the ribbon compresses.

He said:

“The timing of the last difficulty ribbon compression is very bullish, especially given we expect another compression at the halving, I don’t think we have time to come into a bear season before then.”

Holding $10K

That said, less sophisticated investors may be using simple price charts to gauge entries.

The last two months have produced a series of lower highs putting a clamp to further growth. This can be observed in the amount of sell pressure bitcoin has seen when approaching upper resistances $10,800-$13,200.

Still, prices have held above $10,000 by the end of each daily closing period for nearly 30 days, suggesting that demand for bitcoin below that mark remains strong. As a result, some analysts believe BTC’s outlook would only change bias from bullish-to-bearish long-term should a firm close below $7,333 (200-day moving average) occur.

Still, the pressure is now mounting on the bulls to produce something significant in the short-term or else risk exposing lower supports at $9,600.

Whether or not short-term price action remains bearish, analysts agree that BTC is still bullishly bid based on its position above the aforementioned 200-daily moving average and current mining activity.

However, Dorman argues simple psychology may be the overriding factor so long as $10,000 remains a strong support and belief in the halving as a price catalyst remains strong.

He concluded:

“In general, across any asset class, when consensus is to buy lower… you rarely get that chance.”

Sebastian Sinclair

Aug 28, 2019 at 04:00 UTC

David Ogden – Http://markethive.com/david-ogden

Winklevoss Twins – Bitcoin is Going in the Right Direction

The story of Bitcoin has been nothing short of a rollercoaster. The asset had to ensure several years of relative obscurity before finding fame in a 2017 boom and crashing right back down in 2018. However, the world’s most popular asset is back, and Bitcoin trading is now pegged at over $10,000 a token. With a healthy 200 plus percent climb in 2019 alone and all of the momentum in the world, several investors have continued to tout the asset as the best thing to challenge the establishment.

Tyler and Cameron Winklevoss are two of the most vocal proponents of Bitcoin in the world. However, unlike many fans who profess their admiration for the asset, both men have drawn up considerable resources and backed up their bet, opening up the Gemini cryptocurrency exchange and embarking on several cryptocurrency endeavors as well.

Continuing in their massive evangelism for Bitcoin, the Winklevoss twins appeared in an interview with news medium CNN, where they touched on a wide array of issues concerning it.

Amongst other things, the brothers compared the crypto revolution to the Internet boom that took the financial world by storm decades ago, adding that unlike then, it is possible (easy, in fact) for everyone to be a part of this trend. “Unlike the Internet which you couldn’t buy a piece of, you can actually buy a piece of this digital money,” said Tyler, before adding that Wall Street has been “asleep at the wheel.”

As regards the safety of the investment vehicle (especially when compared to treasury bills and other securities that operate in the regulated market), Cameron stated that investing in Bitcoin is a lot like putting your money in the conventional gold. He said, “It’s more of an investment in gold, but this is a new asset class. It’s the future, it’s volatile, and while there has been a few ups and downs, we feel like it is going in the right direction.”

The brothers also spoke on the issue of safety as regards cryptocurrencies, especially with several notable government figures (including Federal Reserve Chairman Jerome Powell and U.S. Treasury Secretary Steve Mnuchin) pointing out that Bitcoin and Libra (the stablecoin from social media giant Facebook) poses various threats for user protection.

On the issue, Cameron highlighted that their concern for user safety has always been a priority, so much so that it has been ingrained in the culture and identity of Gemini. Tyler chimed in, adding that while these concerns are valid, they aren’t generic to crypto assets. He pointed out that while Bitcoin has been used by drug dealers and terrorists in the past, developments in blockchain forensics have made the asset far more traceable.

Concluding, he said, “I don’t think it’s a unique problem to Bitcoin or crypto… Again, I’ll go back to the dollar and point out that more criminals have used the dollar than anything else.”

While both men are avid Bitcoin fans, their defense of Libra is particularly impressive. Gemini has been rumored to be joining the Libra Association (Libra’s governing body) for a while now, and given how they defended the asset on CNN, it would seem that they could indeed be ready to put their differences with Facebook and its CEO, Mark Zuckerberg, aside and join forces with the social media company.

By Jimmy Aki

David Ogden – Http://markethive.com/david-ogden

Bitcoin BTC breaches the 105k mark – Switzerland and US politicians meet following release of LIBRA

Bitcoin {BTC} breaches the 10.5k mark – Switzerland and U.S. politicians meet following release of LIBRA

After bears had brought BTC all the way down to $10,000 a trend reversal occurred. This had helped Bitcoin rally along with the majority of the altcoins. Once again, Bitcoin proved its worth over Gold [in spite of the latter facing much less volatility], which indicates that Peter Schiff along with the rest of the “Gold Barons” is wrong.

However, BTC has a long way to go, as the market capitalization is nowhere near that of the precious metal. Although, the latter has generally reacted to events transpiring around the world in a gradual manner.

The lawmakers hailing from the United States had conducted an interactive session with authorities in Switzerland. It seems that the Trump administration is still unsure with regards to the LIBRA project of Facebook.

Maxine Waters, a representative of America, expressed her dismay at a “privately controlled” global currency. Well, the Dollar is manipulated by powerful entities associated with numerous financial bodies in the U.S.A. So her point on the centralization of LIBRA is moot. Because banks have been responsible for economic dilemmas for ages.

While the mainstream community of crypto-enthusiasts is yet to be optimistic about the latest venture of Facebook, David Marcus of Calibra [previously PayPal] has said that LIBRA intends to abide by all regulations in place. Let’s hope that we don’t come across a “Cambridge Analytica data scandal” type of situation this time.

Bitcoin is the top-ranked digital currency in the market. The eleven-year-old king coin rose at a rate of 2.82% in the course of the past 24-hours. The trading volume recorded is $17.132 billion, while the supply has 17,897,337 BTC coins in play. At present, the total market cap of Bitcoin is $186.279 billion. As of this moment, BTC is priced at $10,408.22

BY ADITYA CHATTERJEE ON AUGUST 26, 2019

David Ogden – Http://markethive.com/david-ogden

Bitcoin BTC Price Testing Last Line Of Defense With Positive Bias

Bitcoin (BTC) Price Testing Last Line Of Defense With Positive Bias

Bitcoin price is showing positive signs and settled above $10,000 against the US Dollar.

The price is now trading near the key $10,400 resistance area, which is preventing gains.

Yesterday’s highlighted important bearish trend line is acting as a solid resistance near $10,420 on the hourly chart of the BTC/USD pair (data feed from Kraken).

The price is likely setting up for the next key break either above $10,500 or below $10,250.

Bitcoin price is trading with a positive bias above $10,200 against the US Dollar. However, BTC must surge above $10,400 and $10,500 to move into an uptrend.

Bitcoin Price Analysis

In the past few sessions, there was a steady recovery in BTC above $10,000 against the US Dollar. The price even traded above the $10,200 and $10,250 resistance levels. Moreover, there was a close above the $10,200 level and the 100 hourly simple moving average. As a result, there was a decent recovery in many altcoins as well, including Ethereum, ripple, ETC, bitcoin cash and EOS.

Bitcoin price gained pace above the 23.6% Fib retracement level of the key decline from the $10,975 swing high to $9,757 low. The recent wave was such that the price even spiked above the $10,400 level. Moreover, there was a break above the 50% Fib retracement level of the key decline from the $10,975 swing high to $9,757 low. However, the bulls faced a strong resistance just below the $10,500 level.

Additionally, yesterday’s highlighted important bearish trend line is acting as a solid resistance near $10,420 on the hourly chart of the BTC/USD pair. The pair is now consolidating below the trend line and the $10,500 resistance. Moreover, the 61.8% Fib retracement level of the key decline from the $10,975 swing high to $9,757 low is at $10,510.

Therefore, the price could rally if it breaks the trend line and the $10,500 resistance area. The next stop for the bulls could be near the $11,000 resistance area in the near term. On the other hand, an immediate key support is near the $10,250 level. If there is a downside break below the $10,250 support, the price could start a fresh decline in the coming sessions.

Bitcoin Price Analysis BTC Chart

Looking at the chart, bitcoin price is clearly setting up for the next key break either above $10,500 or below $10,250. There are high chances of a fresh bearish wave as long as the price is below the $10,500 pivot area.

Technical indicators:

Hourly MACD – The MACD is slowly losing momentum in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is currently above the 50 level.

Major Support Levels – $10,250 followed by $10,000.

Major Resistance Levels – $10,420, $10,500 and $10,680.

Aayush Jindal

1 min ago

David Ogden – Http://markethive.com/david-ogden

China Plans to Introduce New Crypto to Rival Bitcoin Say’s Analyst

China Plans to Introduce New Crypto to Rival Bitcoin, Say’s Analyst

An influential officer of the PBoC at the meeting of China finance 40 groups had declared China’s intention to introduce a sovereign crypto asset. The declaration of this proposed introduction is unexpected at this time due to the ongoing currency war and trade dispute with the U.S.

China’s Progressive Crypto Route

Mu Changchun, the deputy director in the payment and settlement division at the PBoC had declared during the meeting with bankers that the prototype for the unspecified project is ready to be adopted. This declaration was reported by the local news media of Shangai securities during the weekend. The deputy director further discussed the digital asset intricacies. He added that blockchain features are noticeable in its product but not developed around decentralized ledgers because the retailers and banks use high-bandwidth and speed in China. As it is, the use of a reserve model by the PBoC similar to Circles USDC or a digital fiat model is not certain.

As for the cryptocurrency, it is intended to function in two ways. The upper layer will be operated by PBoC and the lower level will be operated by the retail banks. Changchun had explained that the operational splitting into two segments is to make the project function positively in a complex and massive economy in China.

How this will function was not explained, however, the assumption is that the split structure will function similar to the present double segment structure like that of the present division among Central banks and banks. To further make clear, the PBoC releases the currency and manages high-level payments while the retail banks operate on the adoption and utilization of the cryptos.

As of now, the deputy director Changchun asserts that the crypto is best utilized for “smaller-unit retail high-frequency trade dealings”.

China Crypto May Pose a Challenge to Bitcoin

As a result of the introduction of Central bank digital currencies (CBDCs) coming into the space of international finance, discussions centered on the scenario mostly from analysts and economists are dominating the news in the crypto sphere.

A new york University Professor and economist knew for his negative bias towards Bitcoin recently declared in his publication late last year, titled Column for Project Syndicate that the introduction of CBDC’s to the digital sphere will “shut the avenue for Crypto-scammers”.

Probably, most digital payments systems may be changed by the “CBDCs”. Roubini stated by making clear that different to traditional retail banks and websites like Paypal, having high transaction fees, failed transactions and high resistance to free use, the Central banks offer a cost-effective and efficient approach at intermediating and lending money.

Roubini explained that giving access to any person to make payments using the central bank’s platforms, “CBDCs process will automate the structure, easing the requests for money, default banking accounts, and also a digital form of money services”.

In this scenario, the conclusion reached by the economist was declared as having CBDCs replace cryptocurrencies, with Bitcoin included, as offering an alternative to low-cost security and decentralized coins by the simplicity of central banking application.

David Ogden – Http://markethive.com/david-ogden

EU Antitrust Regulators Scrutinise Facebook’s Cryptocurrency Project

EU Antitrust Regulators Scrutinise Facebook’s “Cryptocurrency” Project

Facebook’s Libra project has been questioned by European Union anti-trust regulators. They are concerned about the project, popularly referred to as a cryptocurrency, restricting competition.

Libra has been subject to immense scrutiny already from global policy and law makers. In fact, the company recently admitted that the regulatory pressure might force it to postpone or even cancel the project altogether.

Facebook’s “Cryptocurrency” Ambitions Draw Yet More Regulatory Attention

Almost as soon as the social networking giant Facebook announced its plans to move into the cryptocurrency space with Libra, the idea was met with hostility from global regulators.

Policy makers from France, the EU, the US, and elsewhere cited a hefty list of concerns about the cryptocurrency-like project. Even United States President Donald Trump weighed in on the subject, stating that the company would have to apply for licences if it wanted to offer banking services, just like any other financial institution does. He also stated that Libra would never pose a challenge to the might of the US dollar:

According to a report today in Bloomberg Law, the list of regulators with doubts about the firm’s cryptocurrency ambitions continues to grow. It states that antitrust regulators in the EU are concerned that the digital currency may stifle competition. The report cites a “document seen by Bloomberg” as evidence.

The document appears to be a questionnaire that has been sent to groups associated with Libra at this early stage of its development. Such a document is a standard part of enquiries made by the European Commission.

The questionnaire seeks to measure how the Libra cryptocurrency-like system may shutout rivals. The European Commission antitrust regulators believe that the integration of the digital currency with applications such as WhatsApp and Messenger could make it all but impossible for competing systems to find traction in the market.

The ever-growing list of regulatory concerns against Libra could well jeopardise the project’s proposed 2020 launch date. In fact, in a document submitted to the US Securities and Exchange Commission, the company admitted that the scrutiny might force the California-based social media company to discard the cryptocurrency-like project altogether.

Despite the fact that Libra is being touted as a cryptocurrency, most Bitcoin proponents do not see it as competition. Libra will not be priced by market forces like Bitcoin is. Rather, it will be backed by a basket of national currencies. It therefore does not represent the same robust monetary policy that has made BTC a favourite of economists from the Austrian school of thought.

Rick D.

David Ogden – Http://markethive.com/david-ogden

The hidden costs of Bitcoin mining

Since 2009, Bitcoin mining has grown into a massive operation involving data centres packed with computer processors and racking up massive electric bills

Argo Blockchain – The hidden costs of Bitcoin mining

Bitcoin mining uses powerful computer processors

Mining Bitcoin is an expensive business, mainly due to the extremely large electricity bill the process can ramp up and the pricey hardware involved.

Bitcoin mining works by using powerful computers (known as nodes) to validate transactions by solving complex mathematical puzzles to find a solution that matches a specific number provided by a grouping, or ‘block’, of transactions which are then linked with other solved blocks to form a block-chain.

However, this isn’t as easy as it sounds as the number can be anything between 0 and 4,294,967,296 and cannot be predicted, so computers must keep guessing at random until they get lucky; the more processing power a node has, the luckier it will be against its competitors.

Once a node guesses the correct number, it is rewarded with 12.5 Bitcoins, currently worth around US$133,425, although this reward halves every four years or so.

While the rewards for mining Bitcoin can be great, the demand for computing power has led to the rise of massive mining nodes made up of dozens of processors that perform trillions of calculations to try to mine as much as possible.

All of this has led to a dramatic spike in the global power supply used to mine Bitcoin, which as of 19 August was estimated at a minimum of around 44 terawatt-hours (TWh) per year, according to tech trends site Digiconomist.

That’s more than the entire annual 2018 power consumption of New Zealand being dedicated to creating a currency that doesn’t physically exist.

Ballooning processor costs

Aside from the massive electricity bill, serious Bitcoin miners also have to contend with the costs of computer processors required to perform the required calculations.

When Bitcoin first appeared on the scene back in 2009, mining the crypto-currency was relatively simple due to the small pool of users who knew about it and were using their PC CPUs (essentially the computer’s brain) to perform the calculations necessary.

However, as Bitcoin’s popularity grew, more powerful processors were needed to compete with the influx of new users, and mining progressed to the use of graphics processing units (GPUs), which were equivalent to the power of around 30 CPUs, before then moving to FPGAs, essentially a GPU that runs three to 100 times faster, and finally application-specific integrated circuits (ASICs), pieces of hardware designed solely to mine Bitcoin.

ASICs are now the standard for Bitcoin miners and their costs reflect it, with an Antminer S17, the flagship ASIC from Bitmain, the world’s leading Bitcoin mining hardware manufacturer, retailing at around US$2,700 a pop.

For comparison purposes, a top of the range CPU will usually set you back around US$50-US$300.

Case study

On a corporate level, it is possible to extrapolate many of the costs of running a large Bitcoin mining operation by looking at Argo Blockchain PLC (LON:ARB), an-enterprise scale crypto miner listed on the main board of the LSE.

As of 4 July, Argo currently operates 7,025 Bitcoin mining machines from a data centre in the Canadian province of Quebec.

Assuming these machines are all Antminer S17’s, Argo’s existing operation is worth around US$19mln, while also consuming around US$29,741 a day in electricity costs based on Quebec’s electricity prices.

If the operation runs 24 hours a day, 365 days a year, that’s US$10.8mln a year in power costs alone.

This is only set to increase further, with Argo expecting another 7,000 mining machines to be installed and in production by the end of 2019.

Big Tech needs big power

The seemingly endless hunger of Bitcoin miners for electricity sounds like it would make any environmentalist recoil in terror, and they may have reason to as there are competing reports as to how much carbon dioxide is produced by the global Bitcoin machine despite assertions that most of the power used comes from renewable sources.

A report in May 2019 from cryptocurrency asset manager CoinShares estimated that the global Bitcoin mining network drew around 74% of its power from renewable sources, although a contrasting report in June from journal Joule estimated the network contributed around 22mln tonnes of CO2 each year, around the same amount as Morocco.

However, despite Bitcoin’s massive appetite for electricity, it isn’t the only big tech enterprise straining the world’s energy grid.

Search engine giant Google, owned by parent Alphabet Inc (NASDAQ:GOOG), consumed 8 TWh in 2017 alone, while fellow tech behemoth Facebook Inc (NASDAQ:FB) consumed 3.4 TWh in 2017.

That’s around a quarter of Bitcoin’s annual energy consumption used by only two companies, with other computing heavyweights such as Apple Inc (NASDAQ:AAPL) and Microsoft Inc (NASDAQ:MSFT) likely to push the total for 'Big Tech' up even further as the move toward remote, ‘cloud-based’ data centres and huge server farms become a bigger part of modern computing.

If data centres full of social media photos and cat videos begin sapping the electricity grids, Bitcoin mining will probably be the least of the world’s problems.

This in my opinion is call for thuoght. Technology could start to be blamed for Global Warning,

what do you think ? Please comment below

David Ogden – Http://markethive.com/david-ogden

Market Network Meets Blockchain

A New Way Is Here And Thriving

Market Networks are doing something in an entirely new way. They are unburdened by the traditional confines of any given industry and provide a value that is different from, and maybe even better than, the standard way. Coupled with the technology of the Blockchain creating a more transparent, immutable and autonomous environment with complete privacy. This new way is more flexible and immediate – for the user and the providers.

Opportunities for these market networks exist wherever there are groups of service professionals supporting an industry vertical. Organizing this way could have a significant impact on how millions of people work and live, and how hundreds of millions buy services.

What Is a Vertical Market?

A vertical market is a market encompassing a group of companies and customers that are all interconnected around a specific niche. Companies in a vertical market are attuned to that market’s specialized needs and generally do not serve a broader market.

The Early Vertical Market Networks comprises of groups of resources specializing in the various products, technologies, or services that constitute the inputs of a particular industry, organized around a market that focuses on monitoring and managing the critical contingencies faced by the network participants in that market.

What Is A Market Network?

A new business model has emerged. Market-networks are hybrid animals: part social network, part marketplace, part SaaS.

Market networks represent a different way to do business compared to sites like Airbnb or Uber that simply aggregate demand. In that model, neither the seller nor the customer matter. A market network elevates the relationship, the reputation, the value. Fees are lower and contracts are simplified. Market networks have stronger retention and engagement than marketplaces

These market network businesses have the potential to disrupt traditional markets by doing something in an entirely new way. They are unburdened by the traditional confines of an industry and provide a value that is different from, and maybe even better than, the standard way.

Thanks to innovation and new technology Markethive has combined the three pillars of the NEW Market Network including but not limited to having a Marketplace, similar to Amazon, Freelancers, eBay you get the picture. This Marketplace is populated with buyers (Markethive subscribers) and sellers (Markethive Entrepreneurial upgrades) and connected in a social network similar to Facebook and LinkedIn the well known social networks; all integrated with a fantastic advanced proprietary set of Market tools (Inbound Marketing platform) known as SAAS (Software as a Service) the Workflow.

What’s unique about market networks is that they:

Combine the main elements of both networks and marketplaces
Use SaaS workflow software to focus action around longer-term projects, not just a quick transaction
Promote the service provider as a differentiated individual, helping to build long-term relationships

The Marketplace Defined

An open square or place in a town where markets or public sales are held.
The marketplace is the interpreter of supply and demand.
Where buyers and sellers connect.

Marketplaces benefit from powerful network effects – supply and demand follow each other – it’s often a high-stakes battle for leadership: when one marketplace achieves undisputed leadership, it can generate huge profits, retain customers and keep competitors at bay.

An online marketplace (or online e-commerce marketplace) is a type of e-commerce site where product or service information is provided by multiple third parties, whereas transactions are processed by the marketplace operator. Online marketplaces are the primary type of multichannel e-commerce and can be a way to streamline the production process.

In an online marketplace, consumer transactions are processed by the marketplace operator and then delivered and fulfilled by the participating retailers or wholesalers (often called drop shipping). Other capabilities might include auctioning (forward or reverse), catalogs, ordering, wanted advertisement, trading exchange functionality and capabilities like RFQ, RFI or RFP. These types of sites allow users to register and sell single items to a large number of items for a "post-selling" fee.

In general, because marketplaces aggregate products from a wide array of providers, the selection is usually wider, and availability is higher than in vendor-specific online retail stores. Also, prices may be more competitive.

Since 2014, online marketplaces are abundant since organized marketplaces are sought after. Some have a wide variety of general interest products that cater to almost all the needs of the consumers, however, some are consumer specific and cater to a particular segment only. Not only is the platform for selling online, but the user interface and user experience matters. People tend to log on to online marketplaces that are organized and products are much more accessible to them.

“Marketplaces” provide transactions among multiple buyers and multiple sellers — like eBay, Etsy, Uber, and LendingClub.

Social Networks

The number of worldwide social media users has reached 2.34 billion and is expected to grow to some 2.95 billion by 2020.

“Social Networks” provide profiles that project a person’s identity, then lets them communicate in a 360-degree pattern with other people in the network. Think Facebook, Twitter, and LinkedIn.

Networks themselves have different purposes, and their online counterparts work in various ways. Loosely speaking, a social network allows people to communicate with friends and acquaintances both old and new.

Definitions of social networks can vary depending on what the network itself offers. One thing that all social networking websites have in common is the ability for users to post a profile. These profiles are basically lists of information that you wish to share with your connections.

Profiles serve to give friends and acquaintances basic information about you at a glance. They list things like your profession and work history, current contact information, likes and dislikes, and your location. Most of this information is protected and can be optional, though it does serve to help others find you more easily.

Social networking is not a static thing. Networks are growing and changing all the time, with new ones popping up at a fast rate. Many networking websites are geared towards users with specific interests and needs, while others encourage everyone to join.

Since this form of networking is always evolving, the definition of a social network will also be fluid. At its heart, however, an online social network is a meeting place for people to extend their reach and stay in contact with their connections.

What Is Unique About A Market Network

A market network often starts by enhancing a network of professionals that exists offline. By moving these connections and transactions into software, a Market Network makes it significantly easier for professionals to operate their businesses and clients to get better service.

Market networks target more complex services. In the last six years, the tech industry has obsessed over on-demand labor marketplaces for quick transactions of simple services. Companies like Uber, Mechanical Turk, Thumbtack, Luxe, and many others make it efficient to buy simple services whose quality is judged objectively. Their success is based on “commodifying” the people on both sides of the marketplace.

People matter. With complex services, each client is unique, and the professional they get matters. Would you hand over your tax planning to just anyone? Or your corporate identity program? The people on both sides of those equations are not interchangeable like they are with Lyft or Uber. Each person brings unique opinions, expertise and relationships to the transaction. A market network is designed to acknowledge that as a core tenet — and provide a solution.

Collaboration happens around a project. For most complex services, multiple professionals collaborate among themselves — and with a client — over a period of time. The SaaS at the center of market networks focuses the action on a project that can take days or years to complete.

Market Networks help build long-term relationships. Market networks bring a career’s worth of professional connections online and make them more useful. For years, social networks like LinkedIn and Facebook have helped build long-term relationships. However, until market networks, they hadn’t been used for commerce and transactions very effectively.

Referrals flow freely. In these industries, referrals are gold, for both the client and the service professional. The market network software is designed to make referrals simple and more frequent.

Market Networks increase transaction velocity and satisfaction. By putting the network of professionals and clients into software, the market network increases transaction velocity for everyone. It increases the close rate on proposals and expedites payment. The software also increases customer satisfaction scores, reduces miscommunication and makes the work pleasing and beautiful. Never underestimate pleasing and beautiful.

Market Networks exist wherever there are groups of service professionals supporting an industry vertical. Organizing this way could have a significant impact on how millions of people work and live, and how hundreds of millions buy services.

Markethive – The Ultimate Market Network Meets Blockchain

Markethive is a social marketing platform for entrepreneurs that has the combined power of Facebook/LinkedIn, Marketo/Hubspot and Amazon/eBay along with Crypto News Sites like Cointelegraph/Bitcoin.com.

Delivering a dynamic social network, integrated with Inbound Marketing (SAAS), numerous commerce platforms, multiple traffic portals, built on the blockchain.

Markethive is a next-generation Social Market Network, built on the Blockchain that has positioned itself as a complete ecosystem for Entrepreneurs. Using the latest technology, it provides prosperous solutions for all business owners, marketers who require an online presence.

Markethive's functionalities include SEO features, Analytics, Customer Management System, Traffic Portals, Capture Page and Lead Creation, Profile Page, E-commerce portals, video conferencing, Blogging Platform and much more. Also included are significant training tutorials and weekly live support meetings.

Creating a “Universal Income” for entrepreneurs. Using their state-of-the-art integrated inbound marketing platform by delivering an infinity airdrop incentive to new subscribers and setting up the entire system to utilize a faucet like rewards for using the system.
Focused on Inbound Marketing, Markethive plugs into all Social Media, simplifying your marketing efforts, with automated email campaigns allowing for lead flow into your designated business. Markethive incorporates collaboration building relationships within the community.

Market Disruption

Market Networks have the potential to disrupt traditional markets.

Who Loses

With any disruptive idea, like the Internet was, not every company will benefit or embrace this trend. Where are the music stores, the book stores, the video stores, the clothing stores today? Not on Main Street! They, as well as millions of other markets, are now operating on the Internet.

Banks are clearly in the path of the disruption of the blockchain, the Big Data social network systems, the online auction, and shopping centers are as well. And companies that resist these trends, blockchain as well as combining the social network fabric with tools into their services are soon to become relics and a footnote in history.

Who Wins

Forward-looking companies that convert to the blockchain to improve the privacy and security of their data and create an environment that is unfettered from political and nefarious agendas, will be the winners on top. As people migrate to better solutions for privacy and security, as the news continues to reveal the agendas of Big Data companies like Facebook and Twitter manipulating their system to favor their agenda and to diminish those who contradict them, as new blockchain companies share the profits via their coins, a new environment will grow with these winners as the losers quickly collapse into obscurity.

The Power Of Blockchain Technology

Just about every company that migrates to the blockchain and new companies launch built upon the blockchain, will prosper, as long as they deliver with the benefit of their customers the prime agenda.

Markethive is positioned and dedicated to being a leader in this new business environment of the people, by the people, for the people in this Blockchain revolution.

Market Networks are also becoming mainstream in a wide range of vertical markets, whereas, the social fiber will become integral with any dynamic vital company out there, like Huber, Tesla, eBay, Overstock, Media, news journals, you get the picture.

Markethive will become the next giant as the next 10 years will be run by blockchain dominated by Market Networks. Markethive is first to market this hybrid in this new brave world.

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

David Ogden

Entrepreneur @ Markethive, a global Market Network. 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.

David Ogden – Http://markethive.com/david-ogden

If LinkedIn Amazon and Hubspot had a baby

If LinkedIn, Amazon and Hubspot had a baby…

Seizing the full potential of a rapidly expanding Social Market Network Ecosystem.

Let us ponder for a moment. What would you get if LinkedIn, Amazon and Hubspot had a baby in this new technological era of Blockchain and Cryptocurrency?

The thought is actually mind-blowing and very much an oil well for Entrepreneurs and Marketers alike. Thanks to the Visionary, marketing guru, and engineering genius, Thomas Prendergast, this has become a reality within Markethive. A complete Ecosystem for Entrepreneurs.

We have an emergence that represents the evolution of Social Media converging with Content Marketing and eCommerce all under one umbrella. This incorporates collaboration which is the necessary component to businesses achieving and maintaining that competitive edge. It combines social interaction with transactions between multiple buyers and sellers utilizing a complete Inbound Marketing Platform and Marketplace, offering clients both choices in networking hardware and software to meet their specific needs along with how they obtain it.

Businesses of all sizes can now benefit from networking and marketing in a way that works best for them. This is what is called a Market Network and not just seen as a type of business, but more of a strategic capability for any organization. With numerous vertical platforms, Markethive combines the best elements of Social Networks (like LinkedIn and Facebook) along with Marketplaces (akin to Amazon and eBay) plus a portfolio of software tools (SaaS as with Adobe) complete with blogging, automated and content marketing (like Hubspot and Marketo).

Opportunities for Market Networks exist wherever there are groups of service professionals supporting industry verticals. Organizing business operations in this way can potentially produce a powerfully significant outreach which subsequently influences hundreds of millions of consumers.

This Baby Is On Blockchain

The complete Markethive ecosystem is built on the Blockchain with its own cryptocurrency coin (MHV) making it a true eco-center. The Social Media we’ve come to know and use for the last 10 years is now filled with controversy and very limited in what it offers its users. It’s become obvious that social media and marketing platforms has no choice but to evolve facilitating a business and commerce friendly Social Market Network environment on blockchain or risk becoming irrelevant.

More and more people are getting fed up with the lack of privacy and intrusive behavior of the tech giants and are migrating to Markethive where they are realizing what Markethive has to offer and their potential within this dynamic platform. Also, there are more people than ever trying to make a living online. We are talking about the little guy and gal or the rank and file that up until now have found it extremely difficult to find the business success or financial freedom they seek. Instead, they have lost thousands in some cases and have been on a proverbial merry go round resulting in devastation and a tremendous lack of confidence.

Markethive is experiencing 30 – 40% growth per month at present and it is still in Beta. It has been developing for over 20 years and was initially the successful Automated Marketing Platform known as Veretek. Since the advent of Blockchain, the company has evolved into a blockchain-based foundation and Markethive was born. This defies the vernacularisms of Social Networks today and is the next generation where privacy, free speech, and personal sovereignty are paramount and the new reality for everyone who becomes part of the Markethive Community.

Markethive Community Is Raking In MHV

Right now we are in the accumulation phase of the Markethive Coin (MHV). Every active Associate in Markethive is currently building their portfolio of coin ready for the launch of the Markethive Exchange and Wallet. This doesn’t mean we just buy the coin. It means we earn it by way of Infinity Airdrops and matching bonuses when inviting new prospects. Also via a faucet system paid for every activity on the platform.

Another upside is Tips instead of Likes. Having your posts and activity “LIKED” has become detrimental to the avid user of Social Media. It’s addictive due to the endorphins released by the attention or notoriety. This is proving to be dysfunctional at an alarming rate. Tipping is more likely to give you a sense of worth on many levels, not to mention a healthier, wealthier looking wallet. I know what I’d rather have.

The Tip Of The Iceberg

This is just the tip of the iceberg. There are so many facets to Markethive, many are operative now and others in the works. Check out this blog to learn about the Faucet and Hive Rank.

There are many more incentives and opportunities to earn and have complete sovereignty and given that Markethive is gamified makes it not only lucrative but also fun.

With the growth of the crypto industry now getting back on track and the fact that Markethive has survived the crypto winter, the platform is not only stable but thriving. The next few months are focused on bringing many new upgrades, enhancements, also planned and new services.

It has gone down in history that 2017 was the year of the scams. 2018 was the year of the purge where a great shakeout occurred. Now 2019 is the year where genuine companies will shine. Markethive has survived and is getting ready for takeoff.

Conclusion

This next-generation baby is a central hub built using Blockchain Technology and an upcoming Media Content Publisher (News and Press Release Site). Markethive is a decentralized, autonomous and fluid environment designed to encourage a reciprocal interchange of ideas, knowledge, and skills, also providing for exchange, sales or purchases of goods, services, and commodities. Whatever your purpose or business, whether you read or write blogs, post or comment on others’ posts, in fact, anything you do in Markethive you will be rewarded with Markethive Coin, in turn creating the velocity and soon to have liquidity through the Markethive Exchange.

With a history of over 20 years of Inbound Marketing, Including SaaS, CRM, and CMS, Markethive does have the edge and is on track to bring proven products and services to a much needy market. This futuristic model is here now and fully prepared for the future. Hop on board and let Markethive take you to the moon.

To finish off, here’s a sweet little lullaby. This rendition was created by CEO and Founder of Markethive Thomas Prendergast. Enjoy!

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

David Ogden
Entrepreneur @ Markethive, a global Market Network. 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.

David Ogden – Http://markethive.com/david-ogden

How Many of You treat Markethive as Your Business?

I ask this question because the majority of you are still free members and if you are involved in a business, it stands or fails on 3 legs. Time, effort and Money. If one of these are missing the business will fail.

Now some people are putting in time and effort and doing quite well collecting MHV. But you also need to have a monetary stake in your business. A Stake marks your intension to take the business seriously.

I showed in a previous post how to change your spending habits, so as to afford $100 a month. So what do you get from your Markethive business.

1. Premium leads and Associates who can join from Customised capture pages.

2. Autoresponders to communicate.

3. Matching bonuses of MHV when people join or upgrade.

4. Unlimited banners to advertise your own or someone's business.

5. 1/10th of an ILP for every completed year of membership.

Each of there five items could cost you at least a $100 month

So come on Guys and Girls, step up to the bar

Your monthly subscription will provide funding to bring the final pieces of Markethive online, including the Multi-facet Wallet.

David Ogden

Entrepreneur @ Markethive

David Ogden – Http://markethive.com/david-ogden