After spending much of the last week seeking direction in the $2,700 to $2,900-range, the average price of bitcoin across major international exchanges edged up over this threshold finally at roughly 17:00 UTC.
The new record comes at a time when alternative digital assets are seeing robust inflows, with ethereum's ether token setting a new all-time high of more than $300 today as well.
Indeed, analysts spoke to the ongoing broadening of the cryptocurrency market as a tide that is benefitting bitcoin.
"The inflows into 'alts' are greater than those into bitcoin. In other words, bitcoin is growing at a very nice pace, but non-bitcoin cryptocurrencies are growing even faster," cryptocurrency hedge fund manager Tim Enneking told CoinDesk.
Jehan Chu, managing partner at cryptocurrency fund Jen Advisors, agreed, noting that bitcoin is likely benefitting from new investor interest and the surging interest of "cryptos like ether".
Still, Arthur Hayes, founder of Hong Kong-based digital currency exchange BitMEX, stated that bitcoin is still the "most talked-about cryptocurrency", even as returns become more substantial in other areas of the market.
Hayes told CoinDesk:
"As investors marvel at bitcoin's historical returns and the returns of altcoins, their natural first purchase is bitcoin. Bitcoin has under performed other coins this year, it is now playing catchup."
Investor Sean Walsh largely agreed, pointing to bitcoin's growing price as a sign of its place in the market as the first stop on a road to other assets.
"Bitcoin still seems like the dominant gateway to [alternative digital assets]. So, many first purchase bitcoin in order to then trade their bitcoin for altcoins," he noted.
The development coincides with signs that the cryptocurrency market is maturing to support new inflows and increasing interest.
As noted by CoinDesk research analyst Alex Sunnarborg today, the cryptocurrency exchange market has never been more globally diverse or buoyed by such an array of possible inflows.
Such tailwinds have combined in recent weeks to bring new investor attention to bitcoin, with expectations for bitcoin's growth becoming more and more exuberant. Danish investment firm Saxo Bank went so far as to publish a forecasting report in which it placed the possible value of bitcoin at $100,000 in the next 10 years.
How to Build an Inbound Marketing Strategy in 24 Hours
"I'm active on social media."
"I'm blogging regularly."
"I'm using SEO best practices."
"I feel like I'm doing everything right, but I'm not seeing results."
Do any of these statements sound familiar? A lot of marketers and CEOs we talk to feel like they are doing all the right things. But, they aren't achieving their goals.
A recent survey from DM (Direct Marketing) News confirms this is common. 46% of the executives surveyed, stated that a "lack of an effective strategy" was the biggest obstacle in achieving their inbound marketing goals.
So why is everyone struggling? I'm not quite sure as to WHY, but in this blog, I'll show you HOW you can overcome this obstacle…and overcome it in the next 24 hours. Let's roll!
What is Strategy?
First, let's identify what strategy actually is. It really doesn't have to be that complicated. Strategy is simply a plan of action designed to achieve an expected goal. So, we need a goal to get started. For the purpose of this article, let's say that our goal is to generate 50 qualified leads per month for my sales goal.
A worthy goal.
Now, we need a plan of action that will get us there.
Note: You may have a different inbound marketing goal, so just apply this same framework in order to backtrack from your goal, to an activity plan.
If we're going to generate 50 qualified leads per month for your sales quota, we need to define a "quality lead". Let's pretend we're a coffee distributor that provides energizing weight loss coffee for coffee drinkers, dieters, fitness, etc. If we can get a “Sample” Request, a pre enrolled lead, we consider that a quality lead.
Okay, so now we've got an audience and we know what a quality lead is. We're getting closer to being able to build our plan of action.
Action Steps for Identifying Your Audience:
Nail down your target market. Target Market Example: Diet sites located in the United States, health clubs that are doing between $500,000 and $20M in revenue annually.
Talk to the sales team and establish what a quality lead is. In this case, we know we need 50 Sample Requests and Pre Enrollments each month.
Time Estimate: 2 hours
Honestly, this should be something you already know (your target market).But give yourself an hour to talk to a few people inside your sphere, friend networks and groups, read through your messaging, and establish who you're really after.
Give yourself another hour to talk to a few reps or the sales people in your network. Or potentially, set up a conference and invite others in your network that is similar in their business to yours.
Identify Where Your Audience Lives Online
Once we know who our audience is and what our goal is, we need to locate our audience. Where are they online? You'll want to look at social media, blogs, websites, and forums. Make a big list! Here's what I might do if I were looking for vertical markets.
First, I'd dive into social media. I know LinkedIn is better for B2B, so I head there first. There are tons of various groups, so I started looking for groups full of my audience. A quick search for "dieters" brings up 978 different groups.
I will continue my search for "fitness", " coffee drinkers ", and "weight loss". After spending some time gathering a list, hopefully I've identified at least 500 solid groups that have my target audience.
Next, I'll explore other social media options to see if there is anything market specific. After spending some time on Google, I run across Over Coffee, a social network for coffee drinkers, marketers and socializers.
Still further, I'll spend some time on Google again looking for blogs, forums and other websites where I might find my audience. As an example, it is a pretty sure assumption the Fast Diet forum fits. https://thefastdiet.co.uk/forums/
Another excellent tip is searching for the topics in Discuss. Since Discuss has no search abilities, Google comes in handy. But you have to know the tricks to search. I made a little video here to explain how quickly.
At the end of this research process, you should easily have 500-1000 websites (forums, blogs and other websites), groups (on LinkedIn, Twitter and Facebook) and communities (on Google+) on your list. Now, we're getting somewhere! We're narrowing down the Web and locating the corners in which we want to spend our time and effort.
Action Steps for Finding Your Audience:
Spend time looking at social media, websites, blogs and forums for your target audience.
Create a master list with links to these places. Utilizing Markethive’s Backlink System, you can track backlinks, store login data, and manage campaigns easily.
Time Estimate: 4 hours
Don't shortchange yourself here.Put in the time to locate your audience.This step will serve you well for many inbound campaigns into the future, so spend about four hours doing your research.
Create the list in your MH backlinks as you go along.
Identify Pains, Problems, Questions
Ok, just to re-cap. We now know:
Who we're targeting
Where they live online
Now, it's time to dig for pain. As you're doing your research and visiting groups, websites and blogs with your audience, start listening. What does that mean, really? How do you listen? What are you listening for?
What you want to do is listen to the problems that your audience is expressing. You want to write down the questions they are asking. Write down the things they are complaining about. You want to be able to speak their language.
You'll start to see different discussion questions, comments on blogs, or frustrations. Here are a few sample discussion topics I pulled from a LinkedIn Group full of dieters.
Obviously, you want to identify challenges and pains around the product or service you offer, but sometimes you can get some really powerful insight just by writing down any common questions or problems. You'll start to see some trends.
As you'll see in the next section, we want to use these questions, pains and problems in our content and messaging.
Action Steps for Identifying Pains, Problems and Questions:
Go to 10-20 places on your master list and start copying and pasting your audience's discussions and questions.
Time Estimate: 2 hours
This should take you about 2 hours, but don't be afraid to spend 3 or 4 if you feel you're not seeing any trends.
Create a Content Calendar
Alright, now we're ready to create a content calendar. Most people want to rush into this step because it feels like you're accomplishing something. However, this step won't be worth much if you haven't dedicated the time to your research.
There are articles that walk through this step in much more detail, so I'm not going to do that. This will be a high level overview.
Basically, now that we've got a sense for what our audience is dealing with, we can brainstorm some effective blog titles, maybe some webinar topics and definitely some e-book ideas. If we think back to our goal of 50 qualified leads per month, you might be asking, "How many blog articles should I be writing?" or "How many capture pages, do I need?"
You can make an educated guess, but this is always the unknown with strategy. (Strategy is a high level plan to achieve one or more goals under conditions of uncertainty) You make the best plan of action you can to achieve your goal, but you'll need to adjust your plan over time depending on how close you are getting to that goal.
Based on my experience, without knowing how much traffic this hypothetical website is getting or how many leads it's currently generating, you'll want to be creating 2-3 blog posts per week.
With your blog posts WordPress plugin, your Markethive blog system becomes a BlogCasting system.
The subscribing potential your blogs will have with other Markethive social members. Case in point the Proprietary subscribe system.
Blog Casting option that allows others to “plagiarize” your work with your permission thereby automatically taking an exact copy of your blog to their account
The Markethive Blogcasting Word Press plugin allows your blog articles massive syndication to other Markethive members Word Press blogs.
The SNAP plugin for Word Press then allows greater broadcasting to over 25 social networks and literally millions of LinkedIn, Facebook, Google+ groups and Twitter hash tagged directories.
The potential of just the “SNAP | Word Press | Markethive Broadcast” plugins can literally build reaches into the billions. We know because we have achieved this.
You'll also want to have at least two or three e-books that you can leverage to capture leads. This is not a difficult process. Spend some time writing your story, your perspective of the industry you are chasing. For instance I have written the following ebooks (7):
You also have Markethive to offer. It is a million dollar platform, offering a monthly service others charge $1000s for, with free membership. But if you are in a vertical market, like diets or coffee, you might want to offer ebooks, live webinars, samples, etc.
In addition to the e-books, you'll want to integrate the Markethive nurturing program that moves leads down the funnel towards the level of being joined to you as an Alpha Entrepreneur. Markethive’s lead nurturing system is a quantum leap from other so called lead nurturing when in reality they are nothing more than disguised email espionage.
Don’t know how to produce an ebook? No problem, I wrote a blog on how and why just for you.
Markethive uses Google’s calendar. It is available on all platforms, Droid, iPhone, Tablets, Laptops and Desktops. It integrates with other Google calendar accounts; it allows events, notes, hidden appointments and reminders, to do lists, and sharing with others who have set up a calendar. Like Markethive’s calendar.
Brainstorm blog topics, e-book and/or webinar topics.
Map out how many blog articles you'll need to create each week.
Plan your e-book creation.
Plan your lead nurturing sequences.
Time Estimate: 2 hours
Spend 1 hour brainstorming topics and titles.
15 minutes for mapping out your blog calendar.
20 minutes for planning out your e-books.
20 minutes mapping out your lead nurturing sequences.
Create a Promotions Plan
Your promotions plan is just as important, if not more important that your content plan and calendar. Most marketers feel like once they hit "publish", it's time to start working on the next piece. Not true! Once you hit publish, it's time to go to work promoting that article.
You spent time writing it, editing it, finding an amazing photo and placing a relevant call to action. Now, it's time to zero in on our audience and share that content with them. This is how we'll drive people back to your content, they'll click on your e-books, receive your emails and ultimately sign up for that demo, service or product!
Creating your promotional plan will be much easier now that you've got a master list of where your audience lives. You'll be able to share your blog articles as discussions in exactly the right Facebook Groups, Google Groups, LinkedIn Groups and Twitter automatically as you blog. (it is a SNAP)
See blog on video on SNAPPING https://markethive.com/group/marketingdept/blog/the-reach-aka-blog-casting
You'll be able to comment on other websites and blogs and reference your content in a super relevant fashion because you know exactly what your audience’s challenges and pains are. You'll be able to craft blog titles that are irresistible to your audience because you studied their problems and pains.
Your promotions plan should basically be the time you spend promoting your article to all the places on your master list. It might look something like this:
Blog Title: Lose Weight with Coffee
Create a discussion in all 20 LinkedIn Groups and frame it with the question "What is your biggest weight lose challenge right now?"
Share article on Twitter using the hashtags #coffee diet #lose weight with coffee #healthy coffee. Rotate hashtags. Schedule 10-20 Tweets over the next 30 days. (Markethive automates this)
Jump into a couple of forums and find the discussions around coffee and diet. Add value to the discussion and add a link to the blog post as a reference point.
Find individual dieters on Facebook Groups or other websites and send a personal email with a link to the article.
Send out an email to all current leads in the database and share the article.
So, your promotions plan will have some activity that you'll do every time you create a blog post. Then, for specific topics, you may have additional activities you'll want to add that make sense based on the topic.
Action Steps for Content Calendar:
Write out all the possible promotional activities you might have for a specific blog post. Each time you publish, go to that list and execute as many as possible!
Time Estimate: 1 hour
Spend an hour brainstorming all the ways you could promote a blog post, e-book or piece of content.
Phew! There's a lot of work there, but you can do it… and you can do it in less than 24 hours! The total time spent in this process totals 11 hours. Obviously, it would be a long work day to push through these activities, but you'll be setting yourself up for success over the next several months, if not years. If you can't block off an entire day to do this, spend a couple hours each day for a week and you'll be all set.
Your goals and strategy will change over time, but I wanted to break down a very simplistic way to create a strategy quickly and start moving forward.
Just to re-cap what you need to do:
What is your goal?
Who are you targeting?
Where do they live online?
Develop your content calendar.
Create a promotional list.
I'm curious… how much time do you spend on research before diving into content creation?
European regulators should embrace cryptocurrencies like bitcoin, the prime minister of Malta argued in a speech yesterday.
Speaking at the CEPS Ideas Lab in Brussels on 23rd February, Prime Minister Joseph Muscat argued that governments in the European Union should "double down" on the tech, which he pointed out is slowly catching on amongst the bloc’s financial institutions, according to a transcript published by Live News Malta.
Muscat's remarks were in the context of reinvigorating the EU, which has faced rising socio-economic pressures in recent years. He also proposed that leaders in the bloc create financial mechanisms to invest in areas that may be inclined to leave the EU, as was with the case of the UK's so-called "Brexit" vote last year.
Though prefacing his statements by saying that he is opting to advocate for "outright insane" sounding ideas, Muscat argued that "the rise of cryptocurrencies can be slowed but cannot be stopped".
He went on to tell event attendees:
"My point is that rather than resist, European regulators should innovate and create mechanisms in which to regulate cryptocurrencies, in order to harness their potential and better protect consumers, while making Europe the natural home of innovators."
Among the firms in Europe testing the tech is Malta’s primary stock exchange, which in December formed an internal "Blockchain Committee" dedicated to exploring how the exchange might utilize the tech.
The exchange further indicated its intention to set up a domestic blockchain consortium in Malta, aimed at creating a basis for the development of new applications.
Microsoft Announces Availability of R3’s Corda Blockchain Platform on Azure
R3’s blockchain software Corda, developed by the Fintech startup alongside 70 of the world’s biggest banks forming the R3 consortium, is now available on Microsoft’s cloud computing platform, Azure.
Announced quietly last week, the revelation comes soon after Corda’s code was contributed to the Linux Foundation-led Hyperledger Project on November 30. R3 first announced its decision to go open-source with Corda, the product of its Concord blockchain product, in October this year.
Elaborating on R3’s year-long development, Richard Brown, technology chief at R3 claims:
Corda is a distributed ledger platform designed from the ground up to record, manage and synchronize financial agreements between regulated financial institutions. It is heavily inspired by and captures the benefits of blockchain systems, without the design choices that make blockchains inappropriate for many banking scenarios.
Corda’s availability is the latest offering and addition of Microsoft’s blockchain services toolkit called Project Bletchley. First announced in June 2016, Project Bletchley is Microsoft’s endeavor to push for “an open, modular blockchain fabric powered by Azure.” Fundamentally, Microsoft is looking to provide comprehensive solutions with blockchain technology for customers on various platforms, as Blockchain as a Service (BaaS).
R3’s Blockchain Demo Available
Microsoft’s announcement includes a demo offering of Corda via virtual machine image. While this author hasn’t tried the demo prior to publishing, Microsoft claims the demonstration will showcase Corda’s capabilities through real-world scenarios such as interest rate swap deals. Details reveal that deployment will take 3-5 minutes for the virtual machine to be created, one which will deploy a multi-member Corda demo network. The demo isn’t charged, but usage of Microsoft’s resources including storage, networking and computing will be billed.
R3’s blockchain software Corda is now available on Microsoft’s clould computing platform, Azure.
Brown’s comments above point to a marked difference in the ‘design choices’ made by Corda compared to a public blockchain, like bitcoin’s ledger. These choices include developing the Corda blockchain platform within the confines of legal and regulatory frameworks, a focus on privacy and the means to achieve a modular consensus.
R3’s CTO added:
By making simple Corda demos available on the Azure Marketplace, R3 and Microsoft are making it easy for newcomers to experience Corda for themselves before joining the community.
R3’s efforts to push its blockchain product for wider adoption (with its notable call to go open-source) comes during a time when the New York-based startup is losing some of its notable banking members. The likes of Goldman Sachs, Morgan Stanley and Banco Santander have all decided to exit the consortium after a year’s membership.