Apple Co-Founder Steve Wozniak Bought Bitcoin at $700, He’s “Way Up” Now

Apple Co-Founder Steve Wozniak Bought Bitcoin at $700, He’s “Way Up” Now

    

Apple co-founder Steve Wozniak has spoken about his early interest in bitcoin

and an attempt to buy the world’s most prominent cryptocurrency back when it was trading at $70 per coin. He eventually bought it at $700. Speaking on stage at a tech conference in Miami, Apple co-founder Steve Wozniak underlined bitcoin’s importance in bringing FinTech’s poster child, blockchain technology, to the mainstream. The tech mogul was asked by a member of the audience about the ‘meteoric rise of cryptocurrencies’ & blockchain technology and their collective potential for transformative change in society.

To this, Wozniak pointed blockchain technology’s core features in security and traceability, underlining them as factors behind every corner of the global banking industry looking into the decentralized innovation. “Bitcoin is the well-known cybercurrency that really bought all of this to our attention,” Wozniak said, in his response that was just as much about educating the audience as it was him praising the technology. Wozniak then spoke about how he tried to acquire bitcoin years ago when the now-soaring cryptocurrency was trading at $70 per coin. Not as an investor, but as an adopter who was looking to own and “play” with it.

He revealed:

I remember getting interested in bitcoin some time ago. It was $70 for a bitcoin. Man, I went online and you had to have a special bank account at a certain bank and I couldn’t buy any bitcoin so I gave up. Eventually I got some of them at the $700 stage and then it went down to $350. Oh my gosh. I didn’t invest, I did it so I could play with bitcoin. How do you buy things and how could you sell things?

He then spoke about looking at websites that would accept bitcoin for payments and mentioned Tiger, presumably Tigerdirect. Since those early days, bitcoin has since come a long way with the likes of Microsoft, Dell, Newegg, Overstock and Rakuten, among a handful of many, to accept the cryptocurrency.

Bitten by the Bitcoin Bug

Long retired from his day job, Wozniak is now a philanthropist and an investor. As an early bitcoiner, he also spoke about looking for establishments – hotels and restaurants – who accepted bitcoin during his travels. “Then I found out when I travel, you could look ahead to a city and find out which hotels, which restaurants accept bitcoin,” he continued, stating that bitcoin is “getting there” as a method of payment. “It’s becoming…it’s getting there…it’s just not there enough to everything you’re used to [buying and selling],” he opined. “It’s getting there.” When reminded that bitcoin is now trading at $3,000, four times the value of when he bought the cryptocurrency,

he said:

I was just playing around to find out how to buy and sell stuff and I didn’t care about the fact that I’d lost a ton of money [when it went down, but he held on] and now I’m way up . *Chuckle*

Bitcoin checked into 2017 by trading at $1,000 on the first day of the year. Six months later this Sunday, the cryptocurrency had tripled to $3,000 to reach a new all-time high. At the time of publishing, bitcoin is trading at around $2,730 on Bitstamp.

Chuck Reynolds


Marketing Dept Contributor
Please click either Link to Learn more about -Bitcoin.

Bitcoin Break $3,000 Do Not Miss This

The price of bitcoin topped $3,000 for the first time in history today, according to the CoinDesk Bitcoin Price Index (BPI).

If you want to double your bitcoin every 40-50 days then we have a platform for you that you do not want to miss. [Ckick Here] or copy and paste in your browser http://hivepush.com/ekjxanbwtw/1096

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.

Chris Corey 

CMO Markethive Inc

Charts on mobile device via Shutterstock

Markethive’s Automated Marketing System Is Free!!

Markethives's Automated Marketing System Is Free!!

MarketHive is a social marketing platform called a Market Network for entrepreneurs that has the combined power of Facebook and LinkedIn, Twitter, WordPress, and Google Blogger.

It's a great place to blog and post about all things we discuss on LinkedIn, Facebook, and other social media outlets but you'll be able to blast your posts/blogs out to all of your social media platforms simultaneously.

In essence, MarketHive is all about empowering entrepreneurs through social engagement and marketing.

Your probably asking yourself how can something really be bad to the bone if it's Free

Well we built Markethive for you the entreprenuer. We built it for those that have the guts to step out of the inline thinking of getting a job and working every week for a paycheck. Like you Markethive is built on the premise that it is better to create jobs rather than go out and find one. Don't misunderstand me! I'm not saying that having a job is a bad thing, I'm saying, if you desire more like a many of us do. Then Markethive can help you with a road map and like minded people to help you along the way.

Markethive is built to inspire, give hope and a clear path to success. When you join Markethive for Free you have a whole social network of business people, which we call the Hive. These business minded individuals are just like you and they too have a drive deep down in their belly to achieve goals that are greater than that of the average internet marketer. But Markethive is not just a social network like Facebook, or LinkedIn. We offer you a great number of tools that bring all of your social network accounts under one roof. You can not get these tools on other sites. How do we know this? Because we've scoured the Internet looking for them.  What we have at Markethive has a Bad To The Bone email auto responder system, Blogging platform that connects into WordPress, back office analytics tracking, capture page creation, one click wigit, groups section so that you can collaborate with other entrepreneurs and Blog Subscribe.

The Blog Subscribe allows other to share your post's to their social networks on auto pilot.

So let take a moment and compare Markethive to the other leading and most well known systems available for purchase. 

Markethive offers more features and they are 10 times better for "Free"

Click here to get a free Markethive Account

Chris Corey CMO Markethive Inc

 

 

 

Markethive’s Automated Marketing Platform Is Bad To The Bone And It’s Free!!!

Markethive's Automated Marketing Platform Is Bad To The Bone And It's Free

Your probably asking yourself how can something really be bad to the bone if it's Free

Well we built Markethive for you the entreprenuer. We built it for those that have the guts to step out of the inline thinking of getting a job and working every week for a paycheck. Like you Markethive is built on the premise that it is better to create jobs rather than go out and find one. Don't misunderstand me! I'm not saying that having a job is a bad thing, I'm saying, if you desire more like a many of us do. Then Markethive can help you with a road map and like minded people to help you along the way.

Markethive is built to inspire, give hope and a clear path to success. When you join Markethive for Free you have a whole social network of business people, which we call the Hive. These business minded individuals are just like you and they too have a drive deep down in their belly to achieve goals that are greater than that of the average internet marketer. But Markethive is not just a social network like Facebook, or LinkedIn. We offer you a great number of tools that bring all of your social network accounts under one roof. You can not get these tools on other sites. How do we know this? Because we've scoured the Internet looking for them.  What we have at Markethive has a Bad To The Bone email auto responder system, Blogging platform that connects into WordPress, back office analytics tracking, capture page creation, one click wigit, groups section so that you can collaborate with other entrepreneurs and Blog Subscribe.

The Blog Subscribe allows other to share your post's to their social networks on auto pilot.

So let take a moment and compare Markethive to the other leading and most well known systems available for purchase. 

 

Markethive offers more features and they are 10 times better for "Free"

Click here to get a free Markethive Account

Chris Corey CMO Markethive Inc

http://markethive.com/chriscorey

 

 

 

 

 

 

Losing Weight

How To Lose Weight Fast: 5 Evidence Based Steps Anyone Can Follow

Most people who aim to lose weight want to achieve their goal as quickly as possible. In fact, most diets fail because they simply don’t show results fast enough. Putting in lots of effort for little return causes people to lose motivation. In turn, we reach for comfort food to ease our negative emotions.

Moreover, most ‘quick fix’ diet plans leave you starving, unsatisfied and in the end, make you put more weight back on than you lost in the first place.

However, according to scientific research you can learn how to lose weight fast without either of the above consequences. I’m here to tell you how.

#1 – Cut Out Carbs

Cutting out carbs is one surefire way to lose weight fast by dumping the refined sugars and starches from your diet and in turn, using stored body fat as fuel.

White bread, refined grains and sugars all increase your insulin levels which is the main fat storage hormone in the body. These culprits leave your body continuously in fat storage mode, with increased hunger levels.

Without carbohydrates for fuel, your body is forced to use stored fat as fuel. Many people who cut refined grains and sugars from their diet see significant weight loss, as much as 10 pounds in the first week, without counting calories.

In fact, research has shown that a low carbohydrate diet is more effective than a low fat diet for women hoping to lose weight fast (source).

This was illustrated most prominently in a study published in the New England Journal of Medicine. The study compared weight loss between two groups of people; one on a low-fat diet and one on a low-carb diet. Participants were observed for 12 months and the results were astonishing. The low carb group lost a huge 7.3% of body weight, compared with only 4.5% for those on the low fat plan (source).

A large volume of research has also been conducted to determine whether low carb diets can lower blood sugar in patients with type II diabetes. One study proved that “a low-carbohydrate diet is more effective in reducing body weight than healthy eating in both diabetic and non-diabetic subjects” (source)

Moreover, by lowering insulin levels, your kidneys more effectively remove excess water from your body. This results in less bloating and releases excess water weight.

#2 – Eat More Protein

When restricting carbohydrates in your diet, around 30% of your daily calories should come from protein.

Studies have shown that a high protein, zero carbohydrate diet can boost your metabolism by over 40% (source) as well as increase your satiety, meaning you feel fuller for longer (source)

Moreover, research has shown that a diet full of high protein meals can actually lower your desire to eat and reduce obsessive thoughts about food by up to 60% (source).

Protein is an essential nutrient which is involved in every cell in the human body. The importance of including protein in your diet can not be overstated. Protein synthesis is needed for everything from building stronger muscles to growing your hair.

Good sources of protein include:

  • Meat – beef, pork, lamb, bacon
  • Poultry – chicken, turkey
  • Seafood – salmon, tuna, shrimps, lobster
  • Dairy – organic milk, yogurt
  • Eggs – organic eggs are best

#3 – Eat More Vegetables

Loading your plate with vegetables is a great way to fill yourself up and ensure your diet is packed with all the essential nutrients you need.

Moreover, studies have shown that packing your meals with vegetables can help you to lose weight fast (source). Especially cruciferous vegetables like broccoli, brussels sprouts, cabbage and cauliflower. These types of vegetables have also shown to be beneficial to your health in other ways, such as fighting cancer (source).

Although vegetables do contain some carbohydrates, they are in very low amounts. Also, they are naturally occurring in fruit and vegetables, therefore, easier processed by the body, unlike refined carbohydrates such as those found in grains.

Even filling a plate with vegetables several times a day won’t find you going over around 30 net carbs daily.

Some of the best low carb vegetables include:

  • Broccoli
  • Cauliflower
  • Spinach
  • Kale
  • Brussels sprouts
  • Cabbage
  • Swiss chard
  • Lettuce
  • Cucumber
  • Celery

#4 – Include a Cheat Day

When it comes to losing weight fast, many people have misconceptions about nutrition. One of the best ways to reap weight loss benefits quicker is to include a cheat day in your week. This is for a number of reasons, let me explain why.

Firstly, being successful with weight loss is as much about mental strength as it is what you put into your body. Making the right food choices, having will power and feeling motivated all impact success.

Nothing is more draining on motivation than eating the same meals day in and day out and not seeing results. That is one reason why cheat days work. They allow you to eat all that food you’ve been craving in order to get it out of your system and get back into the hard work of dieting.

Now of course, you’re thinking, ‘but Helen, won’t that ruin my diet?’ The answer is no. This is because being successful in losing weight fast is about what you do the majority of the time. Eating poorly one day won’t make a difference, in the same way only eating healthy for one day doesn’t make a difference, it’s what you are doing long term that counts.

Secondly, science tells us that cheat days are necessary to lose weight fast (source).

When you start to cut out carbs and lower your caloric intake, it goes swimmingly – at first. That is until the hormone leptin kicks in. This hormone is responsible for telling your body when you’re starving. This means your body tried to hold on to your fat stores and your weight loss plateaus.

By increasing your caloric and carbohydrate intake for a day, you can tell your body that you are not starving, turning it back into a fat burning machine (source).

You may gain a couple of pounds during cheat day, but this will mostly be water weight which you will lose again within a couple of days.

#5 – Try High Intensity Interval Training (HIIT) and Strength Training.

Although when talking about how to lose weight fast, exercise is not completely necessary (we already discussed how beneficial cutting carbs alone can be), it definitely helps. Plus, if you want to not only lose weight, but be left with a lean, toned physique, some exercise is particularly beneficial.

The best forms of exercise to help you lose weight fast is a combination of HIIT and strength training. Let me explain why.

Firstly, High Intensity Interval Training or HIIT is a technique that has been used for a number of years. Initially it was used by professional athletes, however, HIIT workouts have become increasingly popular throughout the fitness scene generally and are now easily performed by anyone.

HIIT workouts push your body to its limits in a shorter period of time. This means you achieve better results faster. In a HIIT cardio workout, you will perform an exercise with 110% effort for around 20 seconds. Then you will take a short rest of 10 seconds before starting again. This 20 seconds on 10 seconds off continues for around 20 minutes and covers a handful of exercises.

Because of the intensity of HIIT cardio, most workouts don’t last long. But this means you can do more in a shorter amount of time. This gets the best results and means no more hours spent running on the treadmill.

Benefits of HIIT

Burn More Calories

High Intensity Interval Training burns more calories than standard cardio workouts. This is because HIIT workouts increase your excess post oxygen consumption (EPOC) or afterburn. Basically this means you can burn more fat even after you’ve finished your workout. In fact, your metabolism will be higher and your will burn more calories for up to 48 hours after you finish your workout. This means you can torch through excess body fat (source).

Do It Anywhere

Most of the time, a HIIT cardio workout doesn’t need any equipment. That is why it’s great for everyone because it can be done anywhere, even at home. You don’t need to go to the gym just to get in an awesome workout. Personally, I like to get outside in the park and blast out a quick HIIT session. It feels great to get outdoors and work out.

It’s Quick

HIIT cardio workouts don’t last very long simply because they are often at a much higher intensity level. This is another reason why they’re great for almost everyone. Not having enough time to workout is no longer an excuse.

Secondly, strength training is an excellent addition to everyone’s life, men and women alike. Many people (especially women) have the misconception that strength training is solely for those who want to have huge muscles and look like Dwayne ‘The Rock’ Johnson. But strength training has a number of health benefits and is especially good for those looking to lose weight fast.

Benefits of Strength Training:

Burn More Fat

The fact is the more muscle you have, the more fat you burn. By increasing your lean muscle mass you effectively manage how many calories you are burning in each gym session. It even helps you to burn outside of your workouts. In everyday life we are continuously burning calories. Whether it’s doing housework or running to catch a bus, everything we do is using up calories. So the more muscle you have, the more calories you will burn in your everyday activities.

Healthier Bones

As we age, our bone density becomes impaired. From childhood, our bones are growing and becoming stronger. Old bone disintegrates and new bone is formed as our bones rebuild themselves. For the most part, our bones build more new bone that the old bone we are losing, keeping a healthy balance and therefore good bone density.

This continues until our bones reach their peak bone density which for most people is in their 30s. After this, bone density slowly diminishes as we start to produce less and less new bone. Not building strong enough bones by the time you hit peak bone density can lead to issues like osteoporosis.

Both men and women alike will slowly lose bone density as they get older. Due to changes in estrogen, women tend to lose more bone, quicker.

One way to promote bone health and strength is with regular weight bearing exercise. Strength training can not only help build stronger bones by up to 3%, it can also slow the rate at which our bones deteriorate (source).

Retain Lean Muscle Mass

Even if you are not looking to increase muscle size, it is important to keep the lean muscle you already have. As we get older, our muscles naturally start to diminish just like our bones. Plus, when you are cutting calories in order to lose weight, your body wants to fight that by keeping fat and losing muscle.

Studies have shown that resistance training maintains fat free mass when used in conjunction with a low calorie diet (source).

Prevent Injuries

Strength training not only builds stronger bones and muscles but it also improves the strength of the ligaments, tendons and connective tissue that surround them. This supports your joints as well as helps to give you better balance. This also helps to reduce your risk of injury.

Conclusion

These 5 easy steps can show you how to lose weight fast without starving yourself and in a way which will maintain that weight loss long term.

Moreover, as you can see from the research, the health benefits associated with these diet and exercise methods will not only encourage you to lose weight, but lead a healthier life overall.

For more navigate to the original article here:
https://www.healthambition.com/how-to-lose-weight-fast/

Thanks Helen Sanders

Thomas Prendergast (Once a fatman myself)
CEO
Markethive, Inc.

Bitcoin is roaring back

Bitcoin is roaring back

Bitcoin is higher for a second straight day on Tuesday, trading up 5% at $1,093 a coin as of 10:33 a.m. ET. The tw0-day win streak has tacked on about 13%, rebounding from a slump over the weekend that followed a Wall Street Journal report that the cryptocurrency's developers were threatening to set up a "hard fork," or alternative marketplace for bitcoin.

The new platform would be incompatible with the current platform, thus creating a split and two versions of the currency. That news sent bitcoin crashing 20% over the weekend to about $950 a coin, its weakest since January.

2017 has been a volatile year for the cryptocurrency.

It gained 20% in the first week of the year after soaring 120% in 2016 to become the top-performing currency for the second year in a row.

Bitcoin then crashed 35% on news that China was going to consider clamping down on trading.

But it managed to rip higher by more than 50% even in the face of several pieces of bad news.

First, China's biggest bitcoin exchanges said they were going to start charging a 0.2% fee on all transactions (previously there was no fee). Then, China's biggest exchanges said they were going to block withdrawals from trading accounts.

Still, bitcoin put in a record high of $1,327 a coin on March 10 as traders piled in ahead of the US Securities and Exchange Commission's ruling on the Winklevoss twins' bitcoin exchange-traded fund. The SEC denied the ETF, sending the price crashing by 16%. Bitcoin, however, managed to quickly recover those losses.

Two more SEC rulings are on the way, the next being March 30. Neither one is expected to pass.

Thomas Prendergast
Founder and CEO
Markethive Inc.

 

 

Bitcoin Price Can Climb Far Above $13,000

Bitcoin Price Can Climb Far Above $13,000: Factors & Trends

Clif High’s estimation that three ounces of gold would be equal to a Bitcoin in price by this time next year remains a bizarre proposition that is not impossible to achieve.

In a way, a predicted Bitcoin price rise from a meager $1180 to more than $13,000 seems attractive and the technicality of how that would be the case defies common understanding of the law of demand and supply. It could be a repeat of the 1979/1980 scenario.

This link to a historical event particularly fits in with the fact that High’s data sets have been proven accurate in other instances and his latest estimate show that Bitcoin price would be hinged on the rising price of gold – from $1206 today to about $4,800 by March next year, about a 300 percent increase.

Working it out

Between 1978 and 1979, the price of gold recorded more than 120 percent growth from $207 to $455, the highest in its history, due to high inflation because of strong oil prices, Soviet intervention in Afghanistan and the impact of the Iranian revolution, which prompted investors to move into the metal.

By January 1980, gold hits record high at $850 per ounce though for a while as investors seek safe haven – that’s a 310 percent increase between 1978 and January 1980.

Figuring out the total amount of gold that has ever been produced is hard. However, going by rough estimates, there are approximately six bln ounces of gold available – that is 375 ounces of gold to one Bitcoin in terms of production if we are to go by the fact that about 16 mln Bitcoins have been mined so far.

Its production rate does not necessarily translate to a higher price for either even though the number of ounces to be extracted later are unknown and it is certain that there could only be a finite 4.8 mln Bitcoins more to be mined in the next 123 years according to its whitepaper.

Other strengthening factors

One Bitcoin would be harder to get than an ounce of gold even as interest in the pricing arrangement of both commodities is increasing. Though they both show the potential to become more valuable with time, the catch-up Bitcoin played recently has cast doubt on the outlook for gold as the future’s main store of value. More so, until last year, the price of gold slide for the previous three years.

Somehow, the argument that either gold is overpriced or Bitcoin is undervalued is already adding a twist to the discussion. Different opinions are being formed as the common knowledge that Bitcoin’s value has been growing as well as the understanding of its usefulness has been improving among more people from various sectors.

Coupled with its thinning supply which has been influencing its price and the fact that it could be considered advantageous over gold in several ways including cutting out shady bank practices – though its reliance on electricity and the Internet is still a key argument that has been made against it, a sudden surge could not be overruled.

More of the growing millennials who choose to look in its direction are finding Bitcoin handy and easier to relate with more than gold despite its intrinsic value, its tangibility and its record centuries of existence.

Bitcoin is decentralized, easily moved, harder to counterfeit and gets increasingly difficult to mine over time. These basic features which have been spreading more, stand to favor Bitcoin even to make its price climb far above High’s estimate of $13,000 and its market cap correlatively increase to as much as $40 bln or more in a 12-month period.

Millionaires will be made.

Come join us as we build to make millionaires in this revolution. Check the calendar for weekly webinars. Join me in The Coin Club. It cost you nothing. You are only depositing your Bitcoin, (to withdraw later), watching the system grow your coin and the commissions you also receive when others deposit into the system below you. Pretty cool.

https://office.tradecoinclub.com/register/infinitycoin

Thomas Prendergast
Founder and CEO
Markethive Inc.

Why Bitcoin Didn’t Need an ETF to Begin With

Why Bitcoin Didn't Need an ETF to Begin With

The Bitcoin community doesn’t seem to be bothered by the US Security Exchange Commission’s decision to disapprove the Winklevoss twins’ Bitcoin ETF COIN like many analysts expected. The market’s stability after the denial of the COIN ETF led to discussions on why Bitcoin didn’t need an ETF to begin with.

<video>

Why SEC disapproved the ETF and why Bitcoin didn’t need it

Bitcoin is one of the only currencies or networks in existence which facilitates payments between two users with the absence of a mediator or a network administrator. Within Bitcoin, regulations are non-existent and manipulation-free transactions can be made, regardless of the amount or the size of the transaction.

While Bitcoin wasn’t necessarily designed to replace fiat money, it was introduced in 2009 to serve as an alternative to the global financial structure and ecosystem. Satoshi Nakamoto, the creator of Bitcoin, wanted to present a cash-like settlement network in which users aren’t required to undergo impractical and inefficient settlement processes in order to send and receive money from one another.

Over time, Bitcoin as a decentralized technology evolved, with the work of the Bitcoin Core development team as well as Bitcoin’s global and open source development team of contributors. The Bitcoin network’s hash power began to secure the network from external attacks and welcome tens of millions of new users into the network.

As Bitcoin and security expert Andreas Antonopoulos notes, the truly decentralized, transparent and secure financial network of Bitcoin is beginning to replace the financial industry and provide the general public with a low-fee and faster financial network.

Before considering the fact that hundreds of millions of dollars and potentially billions of dollars could have been poured into Bitcoin as a result of the approval of the COIN ETF, it is important to ponder the purpose of Bitcoin as a financial network. Its real purpose within the global financial frame is to allow people to make peer-to-peer payments amongst each other, not to gather large investments within a highly and tightly regulated market.

Antonopoulos stated:

“If you measure Bitcoin's success by the approval of the incumbent and obsolete industry it replaces, you're doing it wrong.”

SEC’s disapproval is confirmation that Bitcoin is a decentralized network

Two main arguments presented by the SEC in their disapproval of the COIN ETF were that the SEC can’t protect investors from losses made while trading Bitcoin and that the Bitcoin network can’t be surveilled as easily as others.

Since the Bitcoin network completely eliminates the possibility of recovering transactions or refunding payments, it forces users to be more responsible. On PayPal for instance, a centralized financial network, users can ask network moderators if they mistakenly sent incorrect transactions or processed payments to the wrong receiver. Within the Bitcoin network, no such administrative team exists and users are solely responsible for their money and transactions.

If the SEC needs to guarantee investors and traders with an insurance policy, which basically means that when Bitcoins are lost or stolen or mistraded, the SEC should be responsible for protecting investors from any losses, it is highly unlikely that a Bitcoin ETF will never be approved by the SEC.

The official document of the SEC read:

"As discussed further below, the Commission is disapproving this proposed rule change because it does not find the proposal to be consistent with Section 6(b)(5) of the Exchange Act, which requires, among other things, that the rules of a national securities exchange be designed to prevent fraudulent and manipulative acts and practices and to protect investors and the public interest."

The SEC nor any other government organizations shouldn’t be responsible for protecting investors from making independent financial decisions. Also, it is almost impractical to introduce a highly regulated market to Bitcoin if Bitcoin was designed from the start to replace regulated markets and inefficient financial systems.

Millionaires will be made. Come join us as we build to make millionaires in this revolution. Check the calendar for weekly webinars. Join me in The Coin Club. It cost you nothing. You are only depositing your Bitcoin, (to withdraw later), watching the system grow your coin and the commissions you also receive when others deposit into the system below you. Pretty cool.

https://office.tradecoinclub.com/register/infinitycoin

Thomas Prendergast
Founder and CEO
Markethive Inc.

Yale Lecturer: Bitcoin is No Bubble, Long-Term Outlook is Bright

Yale Lecturer: Bitcoin is No Bubble, Long-Term Outlook is Bright

Is bitcoin’s historic rise headed for a major fall? Vikram Mansharamani, author of “Boombustology: Spotting Financial Bubbles Before They Burst” and a lecturer at the Harvard John A. Paulson School of Engineering and Applied Sciences at Yale University, analyzed the likelihood of a new bitcoin bubble in his LinkedIn post. Using five “lenses” he has developed, he concluded that bitcoin’s long-term outlook is positive.

Mansharamani noted behavioral and informational issues distort price at any point in time, but such distortions tend to disappear since supply and demand markets are basically efficient.

This might not always be the case, he observed. Higher prices could actually increase demand, according to George Soros’ Theory of Reflexivity. Soros holds that prices can trend away from equilibrium, creating booms and busts.

Higher Price Raising Demand?

At present it is not clear if a higher bitcoin price has brought more demand, Mansharamani observed. On one hand, rising interest tends to drive up prices. At the same time, bitcoin trade volume has not increased with prices. While trade volume is not a good demand indicator, it does reflect activity. Lense 1: half a point.

Another bubble sign is the presence of leverage pushing higher prices. It is not clear if bitcoin prices are bubbly. There is no sign of leverage driving prices. There are no futures contracts enabling large exposure with little collateral or options providing de factor leverage.

The amount of debt supporting fiat currencies is an indicator. Traditional currencies are getting debased worldwide. Cryptocurrency offers a non-printable currency like gold. Lense 2: zero.

Psychological Factors

Psychology is another factor. When people assume the belief that “it’s different this time,” it’s time for buyers to beware. Asset prices never increase indefinitely. Bitcoin is no different in this regard.

Agreement exists that cryptocurrencies are in vogue and offer freedom from authoritarian manipulation. Mansharamani noted Peter Thiel has acknowledged that PayPal did not create a new currency, but a new payment system, whereas bitcoin has provided a new currency.

Bitcoin has its dedicated advocates. Internet analyst Henry Blodget and CNBC commentator Brian Kelly have delivered highly optimistic forecasts for bitcoin’s value. Lense 3: check.

Political Considerations

Politics is yet another consideration, including both moral hazards and regulations. Regulations can distort prices of any asset by artificially raising or undermining supply or demand.

As an example, political considerations delivered regulations that encouraged people in the U.S. to buy houses. Buyers had Fannie Mae or Freddie Mac to fall back on.

Bu there are no artificial government interventions supporting bitcoin prices. Regulators, for their part, are trying to discourage bitcoin. Governments, however, can’t do much more than temporarily impact the price of bitcoin, as was the case when China recently tried to control bitcoin trading.

There are no signs of moral hazards surrounding bitcoin. The people who lost millions when Mt. Gox filed for bankruptcy did not get bailed out. Bitcoin market players are buying with open eyes and are aware of the risks. Lense 4: zero.

Bitcoin Not Yet Widely Held

In comparing investment hysteria to a spreading fever, the variables of concern include the infection rate, the removal rate and importantly, the portion of the population not yet affected. The last metric can be seen as the fuel available to keep the fever spreading. Once it runs out of victims, the fever’s over. New demand disappears and prices fall.

The number of potential bitcoin buyers is big. The market capitalization at $20 billion is minuscule compared to its potential. A recent Twitter poll found that 49% plan to buy bitcoin while 22% said they were “max long” on bitcoin or “curious.” Bitcoin is not as widely held as it could be. Lense 5: zero.

In reviewing all five factors above, Mansharamani said the likelihood of bitcoin being a certain bubble only registers 1.5 out of 5 possible points. The stage could be set for it to become a bubble, but it is not yet there.

Short-term price corrections are always possible, but the long-term outlook for blockchain enabled currencies is positive.

Millionaires will be made. Come join us as we build to make millionaires in this revolution. Check the calendar for weekly webinars. Join me in The Coin Club. It cost you nothing. You are only depositing Bitcoin, watching the system grow your coin and the commissions you also receive when others deposit into the system below you. Pretty cool.

https://office.tradecoinclub.com/register/infinitycoin

 

Thomas Prendergast
Founder and CEO
Markethive Inc.

HOW YOU CAN SUCCEED WITHOUT RECRUITING!

Now You can Succeed Without Recruiting

 

Customer Centric will be the huge disrupter this year in the MLM marketplace. We all experience "The Hopes and Dreams" in the pitch. A new stunning product, backed up by anecdotal testimony, a patented new comp plan, etc. (hype) Designed to excite (swindle) you on how many distributors you can recruit.

The best of us and the struggling, all know too well, that a distributor based organization never lasts. Because those on your leading edge, are distributors not making money. If the product is truly wholesale and can be sold at a profit in the retail markets, then many just buy and sell, but that is another facet of being "Customer Centric" and rarely happens in the current state of affairs in MLM.

I know this. I have been there. But I have also experienced Customer oriented opportunity and that was and is going to again be Trivita.

When you can join a company and make money without recruiting more distributors, then that is a company the average human can embrace and experience success. And that is exactly what Trivita did and is preparing to do again, in a way bigger way.

Customer Acquisition is not just a term I toss around lightly. I am serious about the implications it will have on the MLM industry. Once a company really launches true customer centricity, it will be a total game changer. It will drive many MLMs into bankruptcy or at least obscurity. It will be the biggest phenomena and totally change the playing field.

If you are involved in building an income via an MLM company, are you at risk? Chances are you are.  Ask yourself a few simple questions. Are you buying the product to be able to engage the opportunity? Do you have less than 50% (real) customers outside the opportunity? Are you on auto ship to receive commissions? If you answered yes to any of these questions, you are at risk.

Let me digress a bit here. The FTC has rules on the books and is getting serious about enforcing the customer distributor rule.

IE
Not all multilevel marketing plans are legitimate. If the money you make is based on your sales to the public, it may be a legitimate multilevel marketing plan. If the money you make is based on the number of people you recruit and your sales to them, it’s probably not. It could be a pyramid scheme. Pyramid schemes are illegal, and the vast majority of participants lose money.

https://www.ftc.gov/tips-advice/business-center/guidance/multilevel-marketing

Kevin Thompson assesses the Herbalife FTC settlement.

Therefore if you cannot easily build a customer base, automated sample fulfillment from the back office, ability to just buy the customers the company produces with their own infomercial, based on a product retail customers want, producing at least an equal balance of customers to distributors, then that company is not only doomed, but is getting in line for the FTC to shut them down and throw the owners and leaders in jail.

Imagine how easy it will be to build a long term business that produces as much income as you want, by just buying customers. Imagine the reaction other potential distributors will display with a HUGE sigh of relief. Imagine health products that are “patented”, exclusive, double blind tested and compliant with the FDA. Imagine a leads program on top of the customer acquisition program that have been interviewed for health products, that respond positively to you were as you can easily send them samples, marketing material and follow ups via Trivita’s back office sample program.

This is the way it should be done and Trivita is going to turn the entire MLM industry UPSIDE DOWN.

I have been a “Distributor” with Trivita since 2001 and have earned over $1 million in commissions. Several years ago Trivita shut down the MAPS program (Where we used to buy customers for the B12 and Nopalea Juice). Trivita went about retooling and are now about to relaunch with state of the art marketing, customer acquisition, lead production and automated sample fulfillment. Many distributors are already preparing to invest several millions into the customer acquisition.

Do not miss this launch. This time around I will build a massive organization and we will all be able to have 6 figure incomes next year. PAY ATTENTION!

Get pre enrolled here: https://www.trivita.biz/default.aspx?tref=11214445

Look for our Webinars. Get ready to build a legacy business that will be your last business and last the rest of your life.

 

Thomas Prendergast
CEO and Founder
Markethive, Inc.

 

 

 

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