Category Archives: Markethive

China To Support Blockchain Development Under New Five-Year Plan

https://markethive.com/chriscorey/page/mycrypto

China, a country that already plays a critical role in cryptocurrency due its dominance in bitcoin trading and mining, will support blockchain development as part of its recently-announced five-year plan, according to the state council website. The 13th Five-Year Plan (2016-2020) period has had a strong start and is poised to fulfill all key targets set by the central government for economic development.

 

According to the “13th Five-Year Plan” national information planning document, the “Thirteen Five” period is the stage for building a moderately prosperous society, with information and communication technology to provide a breakthrough in the initial development stage.

Profound Changes Coming

The document noted that the development of the global information technology environment, conditions and content are undergoing profound changes.

“Internet, cloud computing, large data, artificial intelligence, machine learning, block chain, bio-genetic engineering and other new technologies to drive cyberspace from everyone to the Internet to the evolution of everything, digital, network, intelligent services will be everywhere,” the document stated.

With the “real” and the digital worlds’ increasing convergence, the global governance system is facing profound changes. The global economy is expected to accelerate information technology innovation, the maximum release of the “digital dividend”, in response to a “post-financial crisis” era of “growth instability and uncertainty,” the document further noted.

Technologies Cited Include Blockchain

The document also noted “new technologies such as quantum communications, future networks, brain-like computing, artificial intelligence, holographic display, virtual reality, large data cognitive analysis, new non-volatile storage, unmanned vehicles, block chaining, gene editing, etc.” will build a new game-leading advantage.

The development of the “real economy” is based on both technology and financial innovation, meaning the capital market should be further improved to encourage more venture capital investment to boost the country’s entrepreneurship and innovation.

New modes like crowd sourcing and crowd funding should be coordinated with mass entrepreneurship to boost innovation, the state council website stated.

Also read: China’s central bank will look to issue its own digital currency ‘as soon as possible’

Central Bank To Issue Digital Currency

China’s central bank, the People’s Bank of China (PBOC), announced earlier this year that it will make the necessary moves to work toward issuing a digital currency, as soon as possible, CCN reported.

A “special” research team put together by the PBOC was set up as early as 2014 to conduct research and look into all possible regulatory frameworks for the issuance of a nationwide digital currency and the impact it may have on the economy, the PBOC’s website noted.

The central bank engaged experts from Citibank and Deloitte to discuss the frameworks required for the issuance of a national digital currency.

Some of the stated benefits include:

  • Reducing costs incurred during issuance and circulation of traditional fiat currencies.
  • An increase in the transparency and convenience of economic transactions
  • The curbing effect on tax evasion, money laundering and other criminal acts.
  • Improve the central bank’s control over the money supply and circulation.
  • Breaking barriers to bring financial solutions for those unbanked in the country.

Some of the tasks set by the PBOC include the mandate of designing the proposed digital currency based on strong “economic, safety and service principles.”

Image from Shutterstock.

Chris Corey

CMO Markethive Inc

 

Alan Zibluk Market Hive Founding Member

The Biggest Influencers of Bitcoin Price in 2016

Can the surge continue? A review of bitcoin’s 2016 performance indicates the cryptocurrency’s fundamentals are such that the party is far from over.

With incoming U.S. President Donald Trump promising a fiscal spending binge that could push the $20 trillion U.S. debt even higher, the fundamentals that have served to more than double bitcoin’s price this year could deliver even greater gains in 2017.

A combination of events, beginning with bitcoin’s popularity as a hedge against increasingly volatile markets, set the stage for a repeat performance in 2017, if not better.

The cryptocurrency began 2016 trading at $428 and hit $928 by the end of December, a 114% gain. Growth was not uniform, but momentum accelerated in the fourth quarter. Bitcoin gained 25% in value since the beginning of December alone.

It was also the best-performing currency this year, outpacing the U.S. dollar and the Israeli shekel.

A Weak Beginning

The year did not begin on a positive note when Mike Hearn, a bitcoin developer, announced he was leaving bitcoin, claiming its fundamentals were broken and the long-term price outlook was negative. He claimed the system was controlled by a handful of people and the network was on the brink of collapse.

The market did not react favorably to Hearn’s pronouncements, which yielded the most damning media coverage the cryptocurrency had ever experienced. The price tumbled around 15% after his departure.

But recovery was evident by February. Some observers postulated that Hearn’s real motivation for exiting bitcoin was the lack of support for his solution to bitcoin’s scalability challenge, BitcoinXT.

Financial adviser Martin Tillier observed that the very issue that drove Hearn’s departure – the need for a more scalable bitcoin network – was the result of a very positive underlying fundamental – its growth as a currency.

Signs of bitcoin’s ability to hedge against other markets were already evident in late 2015. The price rose to just below $500 after the U.S. Federal Reserve Bank raised its fund rate by 25 basis points in late 2015. Bitcoin’s price tracked the U.S. dollar rally against other fiat currencies.

It didn’t take long for Tillier’s predictions to materialize.

Pricing Surge Began Early

The weak start of the 2016 stock market demonstrated bitcoin’s use as a hedge against more volatile investment options. Bitcoin was one of the few winning investments in the worst first week of the year for U.S. stocks in early January. The Dow Jones Industrial Average and the S&P 500 had their worst first weeks in history. Bitcoin, gold, the yen and natural gas were in growth modes.

The price in January surged over $20 in a 10-hour period to scale beyond $450.

The climb did not occur in a straight line, however.

After hitting a low of $360 in January, the price rebounded past $400 in February.

In another article, Tillier observed that bitcoin’s price hikes in previous years were mysterious, but the current one can be traced to the devaluation of China’s currency.

Because there is a logical reason for the price surge, the market is acting as a forward discounting mechanism and some degree of appreciation is now built into the price, Tillier noted. In addition, the interest from traders combined with the ability to short the currency allows the market to check upward spikes naturally, simply by attracting sellers.

The Scalability Factor

The network scalability issue remained a background theme.

In February, Bitcoin Classic released code that could double the bitcoin block size, offering a solution to the scalability issue. Bitcoin Classic, however, drew controversy within the developer community, which investors naturally noticed.

Those seeking to increase the maximum block size from 1 MB to 2 MB claimed that it is necessary to keep transaction costs down and continue the growth of the system.

Those against the increase said questions surrounding a hard fork, which can occur when non-upgraded nodes cannot validate blocks created by updated nodes that follow updated consensus rules, had not properly been addressed.

The Classic camp, consisting of entrepreneurs, wanted a more immediate fix to expanding the network by increasing the block size. The Core camp, consisting of miners, didn’t want to increase the block size since some miners would be less likely to earn mining rewards.

Mining pools representing at least 70% of the total hashing power of the bitcoin network and some of the largest bitcoin exchanges said they would not support Bitcoin Classic or any “contentious hard-fork.”

The release of the code for Segregated Witness in April, an upgrade to the bitcoin protocol designed to enable more transactions within a single block of the blockchain, pushed bitcoin’s price past $460. Segregated Witness fundamentally removes signatures from the transaction, thereby compressing transactions within blocks to leave more space for transactional data. This would serve as a less drastic, soft fork.

Market Forces Converge

The scalability debate did not undermine investor confidence and had less bearing on bitcoin’s price than its growing reputation as a safe asset in a tumultuous global market. Pricing activity was stable during February, March and April.

The U.S. Federal Reserve Bank’s 2016 rate increase announcement in March had little impact on bitcoin. Half the market passively accumulated via limit orders placed just below price while the other half actively sold at market.

The U.S. dollar, by contrast, weakened while but gold jumped nearly $30.

The Fed cited a weak global economy as the reason for its decision and forecasted two more hikes, fueling a desire for safe assets.

Global political events, meanwhile, worked in bitcoin’s favor, beginning with the June U.K. Brexit referendum. The surprise referendum sent markets reeling. After the U.K. pound (GBP/USD) dropped to $1.32, the U.S. dollar and gold rallied while bitcoin achieved a $140 one-day gain.

Around this same time, rumors indicated Steam, the global online gaming store and distributor, was preparing a bitcoin implementation as a payment method to its base of some 125 million active users.

In June, the price soared beyond $570, reaching a near two-year high.

A Setback Strikes

The climb was not over, but it was not uniform.

The price crashed in August after the Bitfinex exchange suffered a security breach that led to the theft of an unconfirmed number of bitcoins. The exchange announced it was shutting down its website in ominous signs reminiscent of Mt. Gox. The attack led some to believe the industry had not come up with a way to ensure security.

But the naysayers would again be proven wrong.

Bitfinex got back online after advising users that they would lose 36 percent of their assets. The exchange levied a 36% price on all of its users, whether or not they were victimized individually by the hackers.

The Bitfinex theft quickly sent bitcoin price tumbling.

Bitfinex delivered a blow, but the market began a gradual recovery that gained momentum as fall approached. Some viewed the Bitfinex episode as proof that the bitcoin network is capable of withstanding negative events.

The price struck a new yearly high of $794.39 in mid-December as the currency’s fundamental strength became evident.

Bitcoin gained more value than all other currencies in 2016, driven by China’s crackdown on the yuan, isolationist rumblings in the U.S. and the U.K, and increasing acceptance by consumers and businesses.

By the time the price surged 79 percent since the start of 2016 to $778, it reached its highest level since early 2014, data compiled by Bloomberg. At that point, bitcoin quadrupled the gains posted by Russia’s ruble and Brazil’s real, the world’s top two hard currencies.

Mining Reward Halving: No Impact

When the halving of the bitcoin mining reward occurred in July, there were no price drops. Bitcoiners celebrated worldwide.

There was concern about miner profitability since miner rewards were cut in half from 25 to 12.5 bitcoins.

But the price resumed its upward trend. One factor noted at the time was the devaluation of the Chinese yuan, driving Chinese investors to bitcoin.

China’s role in bitcoin trading has emerged as a key factor in is price performance. The country accounts for more than 90% of the cryptocurrency’s trades, and has become a natural hedge against the devaluation of the yuan.

In January 2017, the foreign currency cap imposed by the Chinese government for the amount of foreign currency that a Chinese citizen can convert ($50,000) will be reset for the new year. Inevitably, the surge in capital outflows could weaken the yuan further, setting off a market reaction that could lead to further demand for safe value assets, which bitcoin is fulfilling a role as.

What’s Ahead?

Central banks may give up on qualitative easing and negative interest rates, but they are far from being finished with intervention and distorting the allocation of capital and the price of money, according to Steen Jakobsen, CIO at Denmark-based Saxo Bank. Hence, bitcoin’s role as a hedge against volatile currencies remains intact.

Meanwhile, the Trump-promised fiscal spending binge is expected to add to the approximate $20 trillion of U.S. national debt, tripling the current U.S. budget deficit from about $600 billion to $1.2 trillion to $1.8 trillion.

Could the Donald Trump presidency push bitcoin price higher?

The spending could cause U.S. growth and inflation to skyrocket, forcing the Fed to accelerate its hikes and the U.S. dollar to soar to new heights.

This could create a domino effect in emerging markets and China in particular, leading people globally to seek alternative currencies and payment systems that are not tied to central banks.

If the banking system, as well other nations such as Russia and China, moves to accept bitcoin as a partial alternative to the U.S. currency and the traditional banking and payment system, bitcoin’s price could hit $2,100 and beyond as the blockchain’s decentralized system, an inability to dilute the finite supply of bitcoins, and low to no transaction costs gains more traction and acceptance globally.

Images from Shutterstock.Chart from BitcoinChart.

Chris Corey 

CMO Markethive Inc

 

Lester Coleman on 29/12/2016​

Alan Zibluk Market Hive Founding Member

Seven Reasons Salespeople Have The Best Job On The Planet

Chris Corey

Seven Reasons Salespeople Have The Best Job On The Planet

I took my first sales job at the ripe age of thirteen. I had been working at the same car wash company since I was eight years old. I started mowing their yard, and then at age 12 they let me vacuum cars. Mowing yards and vacuuming cars is no joke in the 100-degree Texas heat. While working the vacuums, I noticed the guy who sold the washes to the customers got to stay in the shade all day. This was very appealing to me.

After paying closer attention, I also realized the salesman didn’t vacuum or wash cars. He literally had the easiest job on the lot. It was in that moment I knew I was going to be a salesman. A year later, I made it a reality. Funny thing is, I had to really sell myself as a 13-year old capable of communicating to adults. When I closed the boss on it, I proved I was worthy.

Since that moment, I’ve been 100 percent convinced salespeople have the best job on the planet. Nowhere else can you make your own rules, your own money and do your own thing. In sales, it happens every day. I’ve made a list of the top seven reasons working in sales is where it’s at.

SIGN UP FOR E-MAIL UPDATES AND GET A DIGITAL COPY OF MY LATEST BEST-SELLER 'ELEVATOR TO THE TOP' FREE!!!

 

 

SUBMIT

#1: We Make Our Own Rules

Name another job where you can come and go as you please. I’m pretty sure there’s no other position where the employee is above management’s rules either. If you’re a good salesman, you can tell the manager to kiss your ass and they just might have to do it. 

When I worked at Texas Lending, casual Friday was the only day you could wear jeans. I wore jeans every day and even the CEO never said anything. Why? Because I made them $50-100 grand every month. Therefore, they let me make my own rules. It’s a pleasure only top dogs can experience. 

#2: We Have No Income Ceiling

I don’t know about you, but I don’t want anyone telling me what I’m worth. I don’t allow another single person to place value on my worth. Instead, I’ll go out and prove my value to multiple people. I’m the type of person, who, if you put a limit on my income, I’ll put a limit on the production I give you.

Earning what you are worth is way more fun than settling for a salary. Let the salaries go to the people who are afraid to take risks and live by a budget. We salespeople can blow all our money on Friday and make it all back on Monday. Take that HR!

#3: Our Clients Love Us

One thing I love about sales is there are other departments that deal with complaints. The only time we hear from our clients is when they thank us and tell us how much they love what we sold them. We don’t have to do anything but solve problems and close.

When you’re a Grade A problem solver, your clients love you. Who doesn’t love someone who helped them fix an issue? If there’s a problem, they still don’t complain to us. They take it out on the operations and support staff.

#4: Our Employers Love Us

When you make the person or company you work for a lot of money, they love you. It’s simple math. You + Sales = Happy Employer. Yeah, the boss may have taken Dorothy from accounting to lunch that one time she uncovered a huge error that saved the company, but he’ll take someone in sales out often.

I’ve never seen a manager or CEO walk into a company and high five the operations department. I have seen them take shots at 10am with the sales team, though!

#5: We Travel Often

When you’ve got the killer instinct and the company knows it, they want you to be the face of the enterprise any chance you get. This means when they have meetings, events, conventions and the like, you’re the go-to person. If they know you can sell, they will send you to tell.

They can’t send Dorothy and Harold off to some convention as the face. They need a salesperson to do that. Nobody buys from the accounting department. So, Harold and Dorothy can just stay behind at the office, while we salesmen handle the big boy business.

#6: We Meet New People Constantly

If you’re in sales and you’re not a people person, you’re not really in sales. You have to know and like people in order to sell to them. By liking people, I mean the idea of bonding and solving another human’s problem. Every day, we are looking for new people to meet. From cold calls to networking events to inbound leads, we are constantly meeting and helping new, cool people.

A good salesman knows that when you meet people, you ask those new people to introduce you to more people…AND repeat. New people are key to growing a sales pipeline. Getting to learn more people’s stories is exciting to most of us. It’s a blast to help someone with a problem and then convert them from stranger to client.

#7: We Have Connections Everywhere

No one calls Harold in HR when they need a hook-up somewhere. They call the guys down in the sales department for that. All those new people I mentioned previously come with connections—who are eager to help a salesman.

Plus, everyone wants to know a salesman they can trust. They know trustworthy salespeople also have other trustworthy salespeople in their network. When I was a LO, people asked me to connect them with car people, clubs and pretty much anything. They knew I knew people, that the people I knew were good.

CMO Markethive Inc

Chris Corey

RYAN STEWMAN | 1.10.2016

Alan Zibluk Market Hive Founding Member

Google’s Year in Review – in terms of search

I don't think it is healthy to dwell on the past and spend time lost in nostalgia, but it is good at the start of a new year to reflect on the passing year, and determine to make sure that the coming year will be much better in terms of every measure that can be used.  In that spirit, I encourage everyone to do their best to make 2017 their best year ever, in whatever terms you feel are important to you.

Here is a Google review of 2016 in terms of search that may inspire you to do your best in 2017.

Year in Search 2016 – from Google

Have a fantastic New Year!  Celebrate wisely!

John Lombaerde – VP-NJ for Markethive

 

Alan Zibluk Market Hive Founding Member

How Google’s investment in Rank Brain and Deep Learning resulted in a dramatic improvement in Google Translate.

This is a fascinating article by the New York Times on the evolution of Google Translation using Rank Brain and Machine Learning or Deep Learning to achieve some rather spectacular results.  This is a long read, but definitely worth the investment of time.  It goes to the heart of what Google is doing internally that has profound implications for search and nearly everything Google is doing now and in the long-term future.  Highly recommended.

The Great AI Awakening

Let me know what you think about this!

Thanks

Alan Zibluk Market Hive Founding Member

What is your business plan for 2017?

employees-entrepreneurs Now is the best time to review your successes in 2016, and begin to plan for 2017. This is especially true for start-ups and part-time or full-time entrepreneurs that would like to make this coming year a breakout one.

Here are some simple steps to fine tune your plans for 2017.

1) Eliminate waste. Review your monthly expenses. If there is any expense that is not critical to your operations, it must be eliminated or reduced. It is also wise to shop around for competitive services if you have not done so already. The smaller the size of your company, the more critical it is to examine and review any and all unnecessary expenses.

You can view any unnecessary expense as if someone were reaching into your wallet and stealing your hard earned profits. The problem is that you undoubtedly gave them permission to do so. A big problem for small entrepreneurs is recurring monthly expenditures that do not contribute substantially to their bottom line.

2) Make sure that the products and services you offer are top notch and that they meet the needs of your customers. Review each of your products and services, and examine ways to improve them in terms of functionality, quality, speed of execution, etc. Ask your customers directly by phone or by email how you can improve your products, or if there are additional products that they would like to see from you.

3) Based on the input you receive from your customers, make plans to expand your product offering. Above all, do not be a one-trick pony to your customers. Even if you have a main product, see if there isn't a way to offer some kind of premium service or an extension to one of your products or services that might command a premium price that some customers would be willing to consider.

4) Consider outsourcing smaller tasks for which you may not have staff with the particular skills to accomplish the job. A good place to outsource micro-jobs is Fiverr. For a guide to Fiverr that will make your outsourcing job much easier, I have a free Fiverr Finesse – Outsourcing Guide for you.

Just send email to info@goldfinchdigitalpublishing.com with your request, and I will send it to you. It is a 250-page guide with text and data that will help you quickly locate Fiverr vendors in over 120 categories.

Here is a video that explains all about the course, but of course, you will not have to pay for it, It is completely free.

Fiverr Finesse – Outsourcing Guide video

I wish you the best possible success in all your endeavors for 2017.  

Make sure you are a member of Markethive to help promote your business in 2017.  Login here —> Markethive

Related articles

Alan Zibluk Market Hive Founding Member

What makes people leave a website almost immediately?

There are always exceptions to the rules (if there are any rules, that is). However, these are some of the most common reasons why people press the back button or close the tab almost immediately after visiting a website.

1. Pop-ups.
These can be very annoying, especially if it is not obvious how to close them.

2. Auto video.
Many people switch off immediately if a video starts playing automatically, especially when there is sound. If it is not easy to pause the video, many people will just close the tab.
It is even worse when there is auto sound without a video. If it is not obvious where to turn off the sound without resorting to turning the pc sound off, then people will just close the tab.

3. Interstitials. (adverts that appear while a webpage loads)
Not only are the ads annoying, but quite often, they cause slow page load times.

4. Slow load times.
No explanation needed here.

5. Pagination.
It can be annoying if a website has lots of images on separate pages, especially when they are all related to each other. e.g., "The 10 Best Selling Cars Ever".
Some people may hang around for each page to load while they are being exposed to more advertisements… but I suspect many people will not bother.

6. The balance of ads verses content.
It can be very off putting when a website has little content but is filled with advertisements.

7. Immediate demands to sign up for something.
Many people want to find out more before signing up for anything… even if it is free.

8. Browser issues.
It can be frustrating when a website does not display correctly in your favourite browser.

9. Lack of Clarity.
If it is not clear what a company is about or what its services are, this will lead many people to leave the website. It is essential that visitors to a website can tell what the company is offering, and how it will benefit them, within a few seconds. A concise description is important.
The use of a video to explain what the company does is a growing trend, particularly among startups. Although video is a great way to get a message across, some visitors might prefer to read text, therefore sites with both video and text will often retain more visitors.

10. Poor navigation menus.
A web designer's job is not just the technical bits. It is to help visitors find the information they need as soon as possible. What may be intuitive to the designer or programmer may not be intuitive to the reader.
If a reader cannot easily find the way around a website, they are not likely to hang around for long. Worse still, they may never come back.

11. Typos and poor grammar.
There are no excuses. If a company is not bothered about attention to detail, then what kind of message does it give out?

12. Fonts.
Many websites feature fonts that are difficult to read on a computer screen. It is not just the size of the font that makes a page difficult to read… but the font style, too.
Excessive use of capital letters can also be difficult for some people to read.

13. Contrast.
Poor colour combinations of background and text can also make a website difficult to read. If it is difficult to read, people are not going to stay around for long.

14. No ‘About’ page.
Many people want to learn more about the company before going any further. If there is no 'About' page, it can give the impression that the company does not want to give out too much information.

15. Is the site mobile responsive?
Although the subject matter of some websites may mean it is preferable to view on a desktop or laptop, most websites today are initially viewed on a mobile device.
If a website does not have a mobile responsive version of at least the home page and other important pages, many visitors will leave.

 

Alan Zibluk Market Hive Founding Member

How to make $6 for every lead you with the Lead Lightning system

lead lightning system

lead lightning system

How to make $6 for every lead you with the Lead Lightning system

Call me crazy, but I'll be real surprised if you don't take me up on this:

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Get ready for a buying frenzy!

Are you kidding me … $6 for every lead?

I had a gentleman this morning begging me to explain what this new funnel is all about.

He heard about how he could make $6 bucks
for every lead he generated.

Here's what I told him …

Go watch the videos and grab your system while it's still online at

http://claimyourfreesystem.leadgenerationsys.com/

Talk soon,

Ida Mae Boyd
609-641-6594
Skype: imboyd681 – Please put "Free Lead System" in the contact request. Thanks

Alan Zibluk Market Hive Founding Member

How to make $6 for every lead you get with the Lead Lightning system

lead lightning system

lead lightning system

How to make $6 for every lead you get with the Lead Lightning system

Call me crazy, but I'll be real surprised if you don't take me up on this:

http://claimyourfreesystem.leadgenerationsys.com/

Get ready for a buying frenzy!

Are you kidding me … $6 for every lead?

I had a gentleman this morning begging me to explain what this new funnel is all about.

He heard about how he could make $6 bucks
for every lead he generated.

Here's what I told him …

Go watch the videos and grab your system while it's still online at

http://claimyourfreesystem.leadgenerationsys.com/

Talk soon,

Ida Mae Boyd
609-641-6594
Skype: imboyd681 – Please put "Free Lead System" in the contact request. Thanks

Alan Zibluk Market Hive Founding Member