Fundstrat: Bitcoin Fall to 10000 Healthy 20000 EOY Possible

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Fundstrat: Bitcoin Fall to $10,000 Healthy, $20,000 EOY Possible

Bitcoin Correction to $10,000 is “Healthy”?

Bitcoin (BTC) has been absolutely slammed over the past five days. Since passing above $13,000 for the second time this year on Wednesday, the cryptocurrency has been on a clearly downward-sloping trend. As of the time of writing this, Bitcoin sits at $10,600 — down by around 25% from its year-to-date high of $13,900.

Despite this harrowing price action, which has resulted in a sentiment of “extreme fear” according to the Bitcoin Fear and Greed Index, Fundstrat’s Tom Lee is still quite bullish.

In a recent response to Morgan Creek’s Jason Williams, the Wall Street’s resident staunch cryptocurrency optimist, explained that it is “healthy” to see Bitcoin pullback here.

Backing his claim, Lee suggests that as Bitcoin’s search traffic, as calculated by Google Trends, is still low, the recent drawdown makes sense and could be deemed a “good sign”. You see, the fact that search interest for the “Bitcoin” and “crypto” keywords haven’t rallied to 2017 levels suggests that there isn’t “massive hype” gracing this budding market, which means that BTC has room to run and is only in the early stages of its next cycle.

And as The Crypto Monk, a popular trader, remarked in a tweet, in previous bull runs, BTC established a pattern of entering parabolic uptrends, breaking them, consolidating, before embarking on more parabolic uptrends. Barring that Bitcoin currently isn’t in a bull market, this same series of events could easily play out now.

$20,000, Maybe $40,000 by the End of 2019?

Lee’s persistent optimism comes as he has continued to eye $20,000, even $40,000 as price targets for Bitcoin to reach by the end of 2019. Here’s why he’s bullish.

In the interview, Lee said that all things considered, Donald Trump’s tweets regarding this industry are “positive” because they cement the idea that cryptocurrencies are a relevant topic on the global geopolitical and macroeconomic stage. Indeed, over the past few weeks, the words “Bitcoin”, “Libra”, and “Crypto” have begun to grace mainstream outlets and government hearings time and time again.

Lee expounded: Trump’s comments “makes the other 99% [of the world] more aware [of cryptocurrency].” And if 1% of this new audience somehow finds value in the cryptocurrency market, the size of the community surrounding this asset class would de-facto double instantly.

In previous interviews, the Fundstrat co-founder also looked to the launch of Libra; a growth in cases of dovish fiscal policy, which some say will increase the chances of a recession and large inflationary events; and geopolitical tension that could only bolster the fundamental need for decentralized money as other bullish catalysts.

Original article posted on the EthereumWorldNews.com site, by Nick Chong.

Article re-posted on Markethive by Jeffrey Sloe

New Model: Bitcoin BTC to Reach Peak of 80000 in Next Cycle

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New Model: Bitcoin (BTC) to Reach Peak of $80,000 in Next Cycle

Long-Term Outlook for Bitcoin

With Bitcoin (BTC) rapidly rallying by over 300% from 2018’s brutal bottom of $3,150, analysts have been wondering where this asset is going to head in the long term.

You see, while BTC is at $13,000 — which many say is already expensive enough for a digital asset that isn’t tangible — many proponents of cryptocurrency and technological idealists have come to the conclusion that this isn’t where Bitcoin’s story ends. On the contrary, actually. This may be Bitcoin’s true story begins. Sound dramatic, I know, but this may very well be the case.

CryptoHamster, an up-and-coming Twitter cryptocurrency analyst, recently posted the chart below, speculating as to where BTC could end up at the end of this cycle, which is likely to end in late-2020 or early-2021. Per his projections, which is based off an ascending channel on the logarithimic chart, Bitcoin will peak at around $80,000 in the coming year or two. A move to $80,000 from current levels would represent a 515% rally from $13,000 — crazy, right?

Interestingly, this hasn’t been the first time that the $80,000 figure has been mentioned by a prominent analyst. Per previous reports from Ethereum World News, Level’s Josh Rager notes that over Bitcoin’s three completed cycles, the trough to peak gains decreased by around 80% each time, which is a concept defined by the law of diminishing returns.

As Rager notes, 2011’s rally saw a return of 320,000%; 2014, 58,500%; and 2017, 12,000%. Thus, if history is followed to a tee, BTC will rally by 2,400% off its bottom, giving it a potential high of just shy of $80,000, this being $78,500.

Some have frankly been even more optimistic. Earlier this year, prominent trader Galaxy, claims that Bitcoin’s current monthly chart looks eerily similar to that seen in late-2015, when BTC finally began to embark on a rally yet again.

This is notable, as the last time BTC’s chart structure looked as it did now (a massive green candle after ~one year of selling pressure), what followed was a 6,500% price surge in a two-year time frame. Thus, Galaxy notes that if historical precedent is followed to a tee, a bull run of the previous one’s magnitude will place BTC at over $333,000 per unit by the end of 2021.

That may be a tad optimistic, for now anyway.

What Will Drive BTC Growth?

But what the hell is going to drive Bitcoin’s long-term growth?

According to Mark Yusko and Anthony Pompliano of Morgan Creek Digital, the answer to this pertinent question is rather simple.

This being continued institutional involvement from investors and groups that want to gain exposure to one of the best asymmetric bets in finance, and a ticket to the future of finance; and irresponsible fiscal policy, which will both drive demand for Bitcoin in the short term and in the long term.

Original article posted on the EthereumWorldNews.com site, by Nick Chong.

Article re-posted on Markethive by Jeffrey Sloe

Today’s Teens Don’t Like Bitcoin amp Crypto: What?

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Today’s Teens Don’t Like Bitcoin & Crypto: What?

Gen Z Not in Love With Crypto Like Some Thought

You’ve heard what the talking heads say, Millennials, Generation Xers, and Generation Zers will be the first crypto-adopting demographic. You see, unlike baby boomers and those in and above that age range, those in recent generations grew up with technology in their hands, including video games that involved some form of digital money or digital item system, be that gold in Clash of Clans, skins in Counter-Strike or Team Fortress, EVE’s ISK, or what have you.

And, it has been a common trend that some of Bitcoin’s most staunch critics would be deemed “senior”. Just look to Warren Buffett, Peter Schiff, and Kevin O’Leary. These three investors have all bashed the leading crypto asset within the past few months.

Thus, many have drawn conclusions that the logical step will be for these technology adopters to find their way into the cryptocurrency industry to instantly fall in love with Bitcoin and its ilk.

According to a recent Business Insider report, a majority of those aged 13 to 21 surveyed by the outlet are not entirely bullish on Bitcoin. In fact, 52% of the 1,884 American respondents claimed that they are likely not going to invest in digital assets within the next six months.

It is important to note that this doesn’t mean Generation Z is bearish on Bitcoin per se. Instead, the harrowing figure may suggest that there is a lack of fiat onramps into the ecosystem for younguns, made clear by the fact that if you are legally considered a minor, it is very difficult for one to obtain Bitcoin or other digital assets with a debit card or PayPal. Also, this statistic could also be a sign that there aren’t enough proper educational portals for American teens about the value proposition of Bitcoin and cryptocurrency.

Still, with a mere 5% of Americans between 13 and 21 years of age claiming that they are most likely going to purchase cryptocurrency within the next half-year, it is apparent that there’s a copious amount of upside to be had. How can the upside be captured though? This writer has a few ideas

More likely than not, Bitcoin and crypto adoption via this demographic will not be had through inundating social media feeds with macroeconomic trends and why BTC is fiscally better than fiat currencies. Instead, adoption of this budding asset class could be achieved by showing how crypto and related technologies can improve the efficiency of transactions and digital processes.

Original article posted on the EthereumWorldNews.com site, by Nick Chong.

Article re-posted on Markethive by Jeffrey Sloe

FT: Bitcoin BTC Rally Past 10000 is Making Wall Street Return

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FT: Bitcoin (BTC) Rally Past $10,000 is Making Wall Street Return

Institutions Now Foraying into Bitcoin, Report Suggests

Bitcoin (BTC) may have lost its bullish momentum over the past few days, but institutions are purportedly still well on their way back to the crypto space.

Ever since 2017, crypto investors across the board have been eyeing institutions, trying to determine if giants in finance, technology, and retail were going to make a play in this embryonic industry. At first, Wall Street was all for Bitcoin: the CME and CBOE launched futures for the leading digital asset, Goldman Sachs hinted at its interest to launch a crypto asset trading desk, ETF giant BlackRock purportedly had a “task force” for digital assets, and a number of over-the-counter desks were propped up.

But, once BTC started to fall, institutions fell silent. Executives in finance stopped mentioning “cryptocurrency” or related buzzword, and some firms, like Goldman, dropped plans to make any ventures in the space. However, over the last couple of months, institutions have begun to express interest and Bitcoin and its ilk once again, likely recognizing that cryptocurrencies aren’t dead after all.

The New York Stock Exchange/Intercontinental Exchange launched Bakkt, a Bitcoin futures exchange and infrastructure play; Fidelity Investments launched its own crypto custody & trade execution service, all while continuing to mine BTC in-house; Nasdaq has claimed that it is working on cryptocurrency futures; and TD Ameritrade and E*Trade, two retail brokerage giants situated in the United States, are reported to have plans to launch spot Bitcoin trading to millions of investors shortly.

But, according to a recent report from the Financial Times, which, like many other mainstream outlets, have ramped up their coverage of cryptocurrency, the recovery in the Bitcoin price has rekindled Wall Street’s interest in crypto more than we may realize.

The outlet writes that “senior figures in the financial services industry” have begun to eye cryptocurrency. For instance, a Dutch exchange-traded fund firm, Flow Traders, added crypto assets. And, over 50 companies, including high-frequency trading/market making firms DRW and Jump Trading, have formed a group to “develop a ‘deep, efficient, and secure’ market”.

The Financial Times adds that there has been a resurgence in interest in the Asian market, especially Japan and China. Per David Mercer of LMAX Exchange, this shift in the market can be pinned to Bitcoin finding use as a hedge “against a deflationary monetary environment.” Indeed, Deutsche Bank analysts recently admitted that Bitcoin may find use as a way out of traditional finance, which many believe is on the edge of collapse, due to dovish fiscal policies on behalf of the world’s central banks.

Regardless of the exact reasoning institutions have for returning to the space, it seems that Wall Street and their counterparts in Asia and Europe believe that at long last, crypto is here to stay.

Original article posted on the EthereumWorldNews.com site, by Nick Chong.

Article re-posted on Markethive by Jeffrey Sloe

Bitcoin BTC May Fall by 25 to 9000 After Reaching 12400: Analyst

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Bitcoin (BTC) May Fall by 25% to $9,000 After Reaching $12,400: Analyst

Bitcoin Ready to Fall by 25%?

Wow. After collapsing just the other day, Bitcoin (BTC) bulls are right back at it. Just yesterday, BTC was sitting at $10,400, having fallen by over $3,000 from its local peak at $13,800 — a key resistance level and the 0.618 Fibonacci Retracement level of the entire bear market. Now, the leading cryptocurrency sits at $12,300, still shy of $13,800. While this rapid recovery has many claiming that BTC is ready to take on new all-time highs once again, one analyst suggests that this recovery sits Bitcoin right up for yet another collapse.

In a recent TradingView analysis, known trader Financial Survivalism claimed that the chances of a strong correction have been building for a while now, ever since Bitcoin broke past $5,800 and then $8,000.

The analysis, posted some 24 hours ago as of the time of writing this report, predicted the rebound to $12,400, which is just over where Bitcoin sits now.

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This is important, as Survivalism predicted that once $12,400 has been hit, a correction to $9,000, which has acted as an important level of both support and resistance over the past few weeks, will begin to take place. This has yet to occur, but considering the accuracy of the target of $12,400, this 25% drop may come to fruition in the near future.

As to technical reasons for this reversal, Survivalism seemed to point out three. Firstly, a move to $9,000 would give Bitcoin a chance to revisit an uptrend support that BTC followed closely from late-April to just two weeks back. Secondly, the BitMEX funding rate has hit very high levels, implying that longs may need to close their positions, leading to a devaluation of the cryptocurrency. And lastly, the Average Directional Index, a technical analysis indicator meant to determine the strength of a trend, is “looking ready to roll over soon on the daily”, implying weakness.

Some Analysts Still Bullish Beyond Compare

While $9,000 seems to be on the table, especially considering the technical factors, some have been entirely optimistic. Naeem Aslam has remarked that as long as BTC stays above the 242-day moving average, which is somewhat unorthodox compared to the traditional 50 or 200-day, a correction is unlikely. In fact, he quips that in the short term, $20,000 is likely; and in the long run, Bitcoin could foray into the $60,000 to $100,000 range — just around five to eight times higher than current levels. Crazy, eh?

This may sound crazy to investors in traditional markets, most of which are used to 10% yearly gains, but many agree with Aslam’s cheer. In an email to CoinTelegraph, Simon Peters suggested that Bitcoin could reach $20,000 within one to two weeks.

The eToro analyst backed this claim by noting that when BTC first broke past $11,800 in 2017, it took just around a week or two to blast to $20,000. It is important to note that during the last boom, the conditions were different: the CME and CBOE had just announced their futures and retail investors were FOMOing.

Original article posted on the EthereumWorldNews.com site, by Nick Chong.

Article re-posted on Markethive by Jeffrey Sloe

The Future Of Online Marketing and Social Networking MARKETHIVE

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The Future Of Online Marketing and Social Networking – MARKETHIVE

What Is Markethive?

Markethive is a Market Network, a hybrid: part social network, part marketplace, part SaaS with a News and Press Release Site built in.

  • Social Network. An online service or site comprised of a connected interpersonal network of individuals, such as friends, acquaintances, and coworkers. Social networks are designed to connect people with others who are a part of the network. This environment nurtures the building of relationships, providing the necessary stepping stones for the growth of “virtual online communities”. Social networking websites offer the ability to stay connected with existing friends, plus opportunities to meet new people.

    Think of a social network as a dedicated website or other application that enables users to communicate with each other by posting information, comments, messages, images, etc. Think of a social network as a 360-degree spherical connection where individuals can share personal information with others in their own network. Some networks even offer private messaging services to provide the ability for real-time communication between members or the ability to leave messages privately.

    As a general rule social networks are not particularly business-oriented or commerce-friendly by design.

  • Marketplace. The term market comes from the Latin Mercatus (“market place”). A marketplace is a location where people regularly gather for the purchase and sale of goods and services. Marketplaces allow for transactions between multiple buyers as well as multiple sellers. A marketplace is an arena of competitive or commercial dealings; the world of trade.

    Fast forward to the realm of the Internet of Things (IoT), and now a marketplace is more commonly seen and represented as highly accessible, streamlined commercial transactions being conducted electronically on the Internet, with an outreach that has no boundaries or limits.

    An online marketplace literally has the ability to expand the borders of even a local business to that of a nationwide outreach, or even worldwide exposure. With the advent of computers, the internet and networking, anyone can do business 24/7 from the comfort of their home or from anywhere, provided they have a computer, laptop, tablet, SmartPhone, and WiFi.

  • SaaS Tool. SaaS tools are for making your job easier. SaaS is the modern way to run the software and integrated tools to enhance, leverage and assist the subscribers’ success to achieve targeted goals within the construct of a particular sphere. Software as a service is a software licensing and delivery model in which software is licensed on a subscription basis and is centrally hosted. It is sometimes referred to as “on-demand software”. Reduces complexity, helps to keep pace with innovation, and provides access to experts for support to provide a clear path for your day-to-day tasks and projects.

    One of the most popular forms of cloud computing is SaaS, defined as a software distribution model in which a service provider hosts applications for customers and makes them available to these customers via the internet. The era of installing software from a CD or from a data center’s server is coming to a close, as Internet-delivered software makes applications available anywhere, anytime.

Just as brick and mortar businesses have been and still are falling by the wayside to make room for much bigger and better ways in which to do business online without borders, traditional social networks will need to either evolve into being much more business- and commerce-friendly or get left behind.

Technology, Visionaries, Progress pave the way

In today’s economic and technological cultures, what had been seen previously as traditional jobs and long-term employment are now things of the past. Statistics have shown that employees and laborers now work on average for only 4 years or less. More and more, the faces of this new paradigm shift are Entrepreneurs. Reid Hoffman founder of LinkedIn is quoted as saying, “All human beings are entrepreneurs.”

Hence, the impetus for designing a platform that will ultimately create real Universal Income that is available for everyone. Essentially that means giving every single person, skilled or unskilled, an avenue and a purpose to get up in the morning and apply themselves every day where they will achieve an income that will grow and eventually give them the autonomy and financial success whether it be through a service they provide, a business they are marketing or a passion they are pursuing. Therefore not worrying or relying upon a job market that is in the decline, but looks forward to retirement and fulfillment on every level.

It should be noted that Universal [basic] Income has become a new focus of elites, such as Elon Musk. However, this has a different meaning to what I’m talking about here. Although the reason for this topic does affect us which gives rise to the possibility where autonomy, time and financial freedom is an opportunity at hand with Markethive’s Universal Income. [and it’s far from “Basic”]

Attributes of a Successful Market Network.

If you recall from history, back in the days of the Gold Rush, it turned out to be those who provided the tools and resources for the miners who benefited the most financially.

In a Market Network, a many-to-many transaction pattern is key. A Market Network often starts by enhancing a network of professionals that exists offline. Many of them have probably been transacting with each other for years using various offline methods of doing business: phone calls, fax, checks, and overnight packages. When moving all these connections and transactions into software, the creation of a Market Network makes it much easier for professionals to operate their businesses and for clients to get far better service.

  • Market Networks target more complex services. The highest value services are neither simple nor normally objectively judged. They can be more involved and longer term. Market Networks are designed for these types of services.

  • People matter. A Market Network is designed to acknowledge that as a core tenet while providing the best possible solution.

  • Collaboration happens around a project. The SaaS at the center of Market Networks focuses the action on a project that can take days, months or even years to complete.

  • Market Networks help build long-term relationships. 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.

  • Referrals flow freely. The Market Network software is designed to make referrals simple and more frequent.

  • Market Networks increase transaction velocity and satisfaction. The Market Network grows the closing ratios on proposals and expedites the payment process. The software also raises customer satisfaction scores, reduces miscommunications, and makes the work appealing, with outstanding results.

 

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Conclusion

Starting NOW, there will be many more forward-thinking entrepreneurs stepping forward, with their sights set upon creating increasingly innovative, highly synchronized business models and solutions to doing business in the 21st century and beyond. Those who will be most successful will not only keep up with the speed at which technology continues to change, but they will align themselves ahead of the curve at all times.

Markethive built on the Blockchain with its own coin has made this whole system immutable, transparent, private and autonomous. This is the next generation in Social and Market Media.

The potential payoff is predicted to be huge. Market Networks like Markethive will have a massive positive impact on how millions of people work and live, and how hundreds of millions of people buy and sell better services.

Additional Info if required
Author

Anne Langley

Writer for the Market Network and crypto/blockchain industry.

Original article posted on the EthereumWorldNews.com site, by Adrian Mathieu.

Article re-posted on Markethive by Jeffrey Sloe

Too Little Too Late For Some? What’s On The Horizon

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Too Little Too Late For Some? What’s On The Horizon. 

The spread of disinformation and hate on Youtube is being seen as too big to completely control. YouTube has increased its team significantly to monitor the videos being shown on the platform and banning what they believe not to be appropriate. In fact, they’ve hired thousands to handle this. Last quarter they removed over 9 million videos and it is an ongoing process. However, given the enormity of the platform, they struggle to keep up with censoring what they deem to be harmful to the public. 

The CEO of Google Sundar Pichai has acknowledged it’s a monstrous task to execute. Due to the large scale of organizations and systems like YouTube which is owned by Google makes it difficult to get it right 100% but expects to get it down to a very small percentage. He says they have gotten much better at using a combination of machines and humans. Where do we draw the line between hate and free speech? That is the ultimate question. Should the public be able to choose what interests them? Or should the service providers choose? Where is the autonomy? 

Privacy In Crisis Mode

Privacy in itself has become a crisis. Due to the scale of which information is flowing, users do not have a good sense of how their data is being used. It has been said that the tech giants put the burden on users and better frameworks are needed to alleviate the user, giving them peace of mind. Essentially have them feel they have control or agency over their data. Can Big Tech implement this? And to what extent? 

What about intrusive Advertisements that play consistently throughout any given video that is being viewed? And have you noticed the Ads are congruent with what you’ve been searching and viewing online? It’s like someone is watching you. YouTube does provide a subscription service that offers an ad-free experience and now Chrome has an incognito mode, but is it enough? Should we need to pay for a service that should be our right of passage? 

We are now seeing more video platforms with varying degrees of privacy and free speech, but will they ever surpass the giant that the masses have come to rely on? There are many questions that will be answered as new technology is adopted and implemented. Blockchain has and will continue to help level the playing field in these times of intrusion and uncertainty. There have been speakers, journalists, and peaceful activists that have been deplatformed resulting in loss of presence and subsequently their income due to the rules, opinions, and bias of the oligarchs. 

Blockchain Based – A New Era 

One particular platform, Markethive, has been built on the Blockchain. Currently in Beta, however, many of its vertical platforms within Markethive is already in full operation. Markethive will offer a complete hybrid video channel system, [in development], similar in function to Youtube and Hangouts, but will also auto-upload your videos to your other channel accounts like Roku, Vimeo, YouTube, and Facebook. It will have an interactive news feed or community and comprehensive personal channel page to showcase your branding.

The conference rooms at Markethive will operate by virtue of a  peer to peer system via the Blockchain which is secure and private. It’s run with an Avatar Engine, procured via an API so the room is branded according to you. There is also an Image Sharing platform which will be hosted on each members’ unique domain when Markethive launches its exclusive CPanel option. Essentially it means each member will have their own assigned domain. This way you control all your content, without the worry or hassles of government overreach and anti-freedom regulations designed to stifle the start-ups and small entrepreneur.

Free System – Free Speech

All of this for free incorporated into a transparent blockchain system, the platform is completely decentralized delivering on Markethive’s principles of privacy, transparency, and free speech.
We are not spying on you; shadow banning you; or terminating accounts, for any reason.

Benevolent Visionary Sees The Bigger Picture

Markethive has been a vision of Founder and CEO, Thomas Prendergast, spanning more than 20 years of his Entrepreneurial existence online. After much success in his previous companies, he saw what could be achieved for the betterment of all when the Blockchain and Cryptocurrency came on the scene. Although operational and experiencing rapid growth, Markethive has been in Beta for the past 4 years perfecting the system. Now his vision is fast becoming a reality with Launch imminent in just months.

When you develop a proprietary suite of advanced, effective inbound marketing tools, News & PR site and integrate the entire system into a LinkedIn, Hubspot, and eBay like social network and interface on the Blockchain, you have the world’s first entrepreneur business person’s social network. 

Then offer the entire system for free to the entire worldwide market of entrepreneurs. That includes small businesses, local businesses, regional businesses, global businesses, cottage industries, real estate agents, mortgage brokers, insurance agents, affiliate marketers, software innovators, musicians, churches, political platforms, political candidates, distributors, network marketers, innovators, and dreamers! Which one are you? 

Conclusion

So we have Google wishing it had addressed the problems sooner with an acknowledgment that they didn’t get it right as YouTube has come under fire in the last 2 years and now we have a Blockchain Platform springing up with new technology and a meritocratic, autonomous system that embraces privacy, freedom of speech and transparency making the individual accountable and also gives them the freedom to choose. The idea of a hierarchy choosing and banning what they think should be online and the likelihood of peoples information being captured and used even under the guise of helping us have a more user-friendly experience is highly autocratic in my opinion. Let the people decide what to remove, block or ban from their accounts. 

Published on Blokonomi https://blockonomi.com/too-little-too-late-for-some-whats-on-the-horizon/

 

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

Reposted on markethive by JeffreySloe.

CNBC Anchor Jumps Aboard the Bitcoin BTC Gravy Train

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CNBC Anchor Jumps Aboard the Bitcoin (BTC) Gravy Train

To most in the Bitcoin (BTC) community, mainstream media is viewed with intense skepticism. This isn’t a baseless fear, 99Bitcoins has revealed that the cryptocurrency has been “declared dead” over 360 times in its life, mostly by mainstream media outlets, from CNBC and Forbes to the New York Post and Bloomberg. For instance, one Bloomberg op-ed headline published in January 2018 reads: “Sorry, Bitcoin Fans. Digital Currency Is Still a Dream.”

Bitcoin Community Gets TV Ally

But, over the past few days, the cryptocurrency industry has secured an ally on CNBC’s “Squawk Box”, a morning segment covering Wall Street buzz. The anchor’s name is Joe Kernen.

Ever since Facebook launched Libra, the pseudo-centralized cryptocurrency, Kernen has taken a profound approach towards Bitcoin. First, when “Squawk Box” first covered the news, he questioned the “inherent value” of Libra, citing the fact that central banks have begun to debase their currencies. He specifically drew attention to the Euro, which many cryptocurrency pundits have targeted as the first big fiat money to fall from glory.

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And to put a cherry on the proverbial Bitcoin cake, Kernen even made the argument that a “real Bitcoin” may have more value than Libra due to the former’s decentralized blockchain. He elaborated:

“Blockchain transactions create inherent value. But making a digital currency that’s based on a fiat currency doesn’t make any sense. If you put in a dollar and out pops a cryptocurrency worth a dollar, that’s not a cryptocurrency.”

He continued his rant-esque take on Libra this Monday. Almost like a Satoshi Nakamoto excerpt, Kernen explained that Libra is a currency for corporations, but Bitcoin is a currency built and used by “the people”.

And most recently, speaking to the author of the “Bitcoin Billionaires”, Ben Mezrich, Kernen noted that the beauty of Bitcoin is “decentralization”, but that Libra is not that. In fact, he joked that instead of being decentralized, this Silicon Valley-backed coin has been “Zuckerberfied”, evidently something that is not confined by the unspoken rules of open networks.

Not Entirely Anti-Crypto

To CNBC’s credit, Kernen isn’t the only Bitcoin bull frequently hosted on the show. Over the outlet’s history covering this space, it has played host to a number of prominent cryptocurrency optimists: investor Brian Kelly, Tom Lee of Fundstrat Fame, Morgan Creek’s Anthony “Pomp” Pompliano, and Ran NeuNer to name a few.

With this new knowledge that Kernen and his peers know more than they previously let on, many in the cryptocurrency ecosystem are hoping that CNBC can begin to take more balanced approaches towards this space.

Original article written by Nick Chong and posted on the EthereumWorldNews.com site.

Article posted on Markethive by Jeffrey Sloe

Facebook Looks to Bolster Crypto Team Even After Libra’s Launch

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Facebook Looks to Bolster Crypto Team, Even After Libra’s Launch

Facebook’s Growing Crypto Squad

As first spotted by CoinDesk, Facebook’s crypto division is embarking on yet another hiring spree. This comes just weeks after reports suggested that the Silicon Valley darling’s so-called “Blockchain” division has already 100 staffers, led by PayPal Mafia member David Marcus and former Instagram executives.

Per a search for “Blockchain” on Facebook’s careers portal, the firm still has 26 openings for this branch. While the listings cover a wide array of roles, including designers and software engineers, one interesting posting mentions Facebook’s need for a blockchain finance program manager.

This position will best be filled by someone with eight years of project management experience, coupled with some knowledge of blockchain technologies. Responsibilities include managing Facebook’s relationships with Libra partners (Uber, Spotify, Booking Holdings, Visa, PayPal, etc.), risk analysis, and leading teams within Facebook.

Interestingly, one responsibility mentions compliance with tax laws, the U.S. Sarbanes-Oxley Act, and other pertinent regulations. This confirms that unlike its fully decentralized counterparts like Bitcoin, Libra will abide by all relevant rules and regulations.

As mentioned earlier, this is the latest of many of Facebook’s attempts to secure talent. Earlier this year, for instance, the firm revealed that it was looking for an individual with knowledge of the Securities and Exchange Commission (SEC). This single listing seemingly confirmed the then-rumors that the social media giant was hard at work on a crypto asset and blockchain.

By now, it may be fair to suggest that Facebook Blockchain is one of the biggest employers of industry professionals, despite the fact that it has yet to launch its first consumer-facing product.

Fears Grow About Libra

While Facebook has continued to trudge ahead, going against a U.S. politician’s call to stop the development of the project immediately, some government representatives, crypto executives, and technologists have begun to overtly question Libra.

Mark Carney, the Governor of the Bank of England, has pledged that Libra will be heavily scrutinized and regulated, citing the cryptocurrency’s potential to be widely adopted from the get-go.

French Finance Minister Bruno Le Maire followed suit with a similar comment, claiming that under no circumstances should Libra “become a sovereign currency.” Le Maire elaborated that he is worried about how this new digital asset can be used to harvest data, launder money, and finance terrorism:

“This money will allow this company to assemble even more data, which only increases our determination to regulate the internet giants.”

Indeed, in the aforementioned report, Coindesk claimed that its sources revealed that privacy concerns led Stellar, Tendermint, and Mobilecoin to decline to work with Facebook on this project. Even Joseph Lubin of Ethereum and ConsenSys fame has claimed that he is worried about Libra’s centralized nature, dubbing the project a “centralized wolf in a decentralized sheep’s clothing”.

If so-called “crypto natives” are concerned about the project’s conformity to morals and laws, is there much hope for Libra to be decentralized and not susceptible to exploitation?

Original article written by Nick Chong and posted on the EthereumWorldNews.com site.

Article posted on Markethive by Jeffrey Sloe

Own A Piece Of Markethive -Lifetime Income Opportunity

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Own A Piece Of Markethive – Lifetime Income Opportunity

The Entrepreneur Program Explained.

Markethive, the first Social/Market Network built on the Blockchain introduces The Entrepreneur Program 

The Entrepreneur program is designed to leverage your system. Your free Markethive system is a market network, like a social network, but with powerful inbound marketing tools integrated into the system. This premier hybrid social network includes news feeds, blogging platforms, video channels, chat channels, groups, image sharing, link hubs, resume, profile page and peer to peer commerce. But more than a social network, we have also delivered to you “Inbound Marketing tools” like broadcasting, capture pages, lead funnels, autoresponders, self-replicating group tools, traffic analytics, and more. Plus, we are built on the Blockchain which allows Airdrops of 500 Markethive Coin (MHV) upon joining and micropayments for using the tools mentioned above. This is all free to you. 

The Markethive Coin – MHV Consumer Coin

Notably, MHV was listed on the first of many exchanges, including its own exchange [in development] in March in 2019 and is currently valued at $0.16. The Markethive coin will not be dependent upon speculative value as is the case with other cryptocurrencies and platforms, thereby creating eternal economic velocity in the entrepreneur ecosystem within Markethive.

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

The Entrepreneur program is designed to add gold plating to an already stellar and unbelievably valuable system you receive for free. 

The Next Level

First, we begin with the AIRDROP. That means you receive a 100% Matching Airdrop bonus on all referrals from you so you build quality leads, not just friends. You are also included in the Markethive’s Advertising Co-op and receive new associates via the ad campaigns and traffic sponsored by Markethive. So if you struggle with recruiting friends and traffic, then just sit back and let us work for you.

Friends or Associates

As a free member by referring 3 people you activate the Markethive faucet or micropayment system and all free referrers are immediately made friends, just like Facebook does. Access to friends is limited to internal messaging and posting on their profile newsfeed (according to their settings) just like Facebook. 

As an Entrepreneur upgrade and when your traffic signs up through you, they become nurtured leads we call “Associates”. This gives you access to all their data, verified cell phone, email, GEOlocation and the list and links to all their Social networks they share in Markethive.

Traffic Portals And Banner Program 

You also share in our Traffic Portals, the traffic they produce, the revenue and the leads. Markethive’s many traffic portals include our Exchange, our Web Builder, our Commerce System, and our News Release sites. And we plan on releasing more on an ongoing basis. This one feature can produce for you a lifetime of success. We refer to them as money machines and share their success with you. 

You receive the exclusive Banner Program to publish three sizes optional banners within the Markethive dashboard and all the traffic portals. This means you get unlimited Banner advertisements in all of our traffic portals and Internet properties. This offer is incredibly valuable. Markethive properties are already receiving significant traffic and as we grow, that traffic is exclusively yours as an Entrepreneur upgrade.

Entrepreneur Profile Page

All subscribers have a profile page, but upgrading to Entrepreneur turns your Profile page into a capture page. When any traffic decides to subscribe to Markethive through your profile page or any of your Markethive blogs, they become an “Associate” (a highly qualified and nurtured lead) 

It essentially turns your Profile Page into a lead funnel acquiring the best quality leads on the Internet. With full data, their social networks verified phone, and text verified email and a contact management system that tracks data, stores dated notes, sends messaging and calendars events reminding actions on your Markethive calendar like callbacks, email, etc. And, of course, you also receive a 100% matching coins bonus from all direct registrations via the Infinity AirDrop Campaigns.

Become A Shareholder in Markethive (Limited Time)

You also get an equal ILP share after 12 months of continuity with the Entrepreneur program. This is only available for the first 1000 Entrepreneur upgrades. What that means… Liken to an ICO, your monthly payment is accrued and if you stay current for 12 straight months, we contribute to you a full 10% ILP which pay out a share of 20% of Markethive revenue for 20 years and longer. 

Receive matching ILP shares for all Entrepreneur Upgrades that come via your account and exclusive ICO like portals; Exclusive loyalty award program assigning a 10% share of an ILP for every 12 months of consecutive payments towards the Entrepreneur program. That is a minimum value of $1500. ILPs are the revenue engine for holders of these shares. 

Don’t know what an ILP is? Check out Initial Loan Procurement

This offer is only assigned to the top 1000 active Entrepreneurs in the program by seniority. The Entrepreneur Program is $100 mth, so with all you get, we are basically paying you back as well for the contribution for life.

Summary

The 8 points of upgrade

  1. Profile Page turns into lead “associates” capture page

  2. 100% matching bonus from the airdrops via your “associates”

  3. 100% matching bonus from your direct “associates” upgrade

  4. Loyalty Program 12 straight months, we contribute to you a full 10% ILP

  5. Unlimited Banner advertisement in all of our traffic portals

  6. Equal share from Markethive’s co-op advertising

  7. Traffic Portals seller classification

  8. Receive your own ILP site receive matching ILP shadow shares

During Markethive’s crowdfunding, all Entrepreneur upgrades also receive their own ILP site, assuring matching ILP shares as a reward for sending funding business to Markethive via your own personalized website. Similar to an ICO Site.

We are all entrepreneurs, and we know the future can have the greatest potential for those who take command and aggressively build their dreams. Markethive is dedicated to your dreams and has not only spent over 20 years perfecting our systems, but it’s also now built on the Blockchain ensuring your privacy and autonomy on a decentralized platform and have now built this Entrepreneur upgrade to accelerate your path to success. 

Published on Sludgefeed.com: https://sludgefeed.com/own-piece-of-markethive-lifetime-income-opportunity/

Written by:

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

Reposted on Markethive by Jeffrey Sloe