Tag Archives: bitcoin

The truth about cryptocurrency

Why is there such a gold rush mentality surrounding cryptocurrency in recent years?

 

Of course, it is because of the steep gains in the last few years of Bitcoin and to a certain extent Ethereum as well.

 

What does that have to do with the other lesser known cryptocurrency coins?

In fact very little if anything at all. There is a certain lifting of the tide that raises all boats effect, for sure.

 

The truth however is that the vast majority of today's cryptocurrency coins will not be around for very long.

There is way too much hype and much too little substance for them to survive in the long term.

 

They are like penny stocks in the stock market.  Does anyone really make any money at all with Penny stocks?

So what determines the staying power of a cryptocurrency coin?

 

First-mover status is important, but that belongs essentially to Bitcoin and Ethereum only.

Other coins must show their mettle in a different way.

 

Let me tell you about a coin that will be around for the long term. This is the Markethive coin.

Why would I claim this about the Markethive coin?

1) Markethive's success does not depend solely on the speculative value of the coin, (unlike almost every other cryptocurrency, including of course, Bitcoin and Ethereum.

2) Markethive is a profitable business as a social network, with or without any cryptocurrency coin.

3) The Markethive coin has exchange value for goods and service on the Markethive Network, including advertising, press releases, etc.

4) Markethive has one of the highest Alexa rankings of any cryptocurrency, (currently 4,347 worldwide)

5) These are some stats on the Markethive website:

17.57 M

Monthly Unique Visitors

130 M

Monthly Pageviews

146,500

Social Followers

89,859

Subscribers

This far exceeds nearly any other crypto currency on the market.

 

Now here is the biggest benefit for you and the reason for my email today.

 

Currently there is an air drop of 500 Markethive coins that is yours merely for signing up into the network at no charge.

All you need is an email address and a cell phone for verification.

My bet is on Markethive to be around in 5 years and well beyond.

 

Here is the link to get your 500 Markethive coins.  This is a limited-time offer so take advantage today while it is still available.

 

Just click here to sign up completely for free ——–>  https://markethive.com/jonlomb/page/jonlomb

 

I think you will be very happy with everything you get for free from Markethive, including their air drop.

 

Reply to this message to find out more information.

 

Thank you and best success in your entrepreneurial efforts.

 

John Lombaerde – Entrepreneur

 

LinkedIn – https://linkedin.com/in/leadsonline/ (16k+ 1st level connections)

Do you Believe in Market Hive

Do you believe in Markethive, if so now is the time to take action. The price of bitcoin is high at the moment, which means you can agree to loan Markethive money for less bitcoin than ever (ILP).

Markethive ILP’s are nominated in $, so if you have just a small amount of Bitcoin 0.12571 you can sign up for $1,000 ILP. You can also use BCH, ETH,XMR or ZEC.

Remember you loan is secured with a corresponding amount of or own coin MVH, so in fact your investment is changing bitcoin for another cryptocurrency. Additionally, as Markethive starts to earn money as it grows you will start receiving a regular income from profits.

I have already used 50% of my bitcoin holding to set up an ILP, because I believe the future of the company is bright and I have nothing to lose.

David Ogden

Entrepreneur,
 

If you want to follow my lead Click Here 

See you at todays meeting

Alan Zibluk Markethive Founding Member

DOES THIS MARKET INDICATOR CONFIRM THE NOVOGRATZ PREDICTED REBOUND?

DOES THIS MARKET INDICATOR CONFIRM THE NOVOGRATZ PREDICTED REBOUND?

DOES THIS MARKET INDICATOR CONFIRM THE NOVOGRATZ PREDICTED REBOUND?

Bitcoin bull and highly cited cryptocurrency proponent Mike Novogratz called “bottom” this week on Twitter. On Friday, Bitcoin’s market performance and key market reversal indicated a possible turning point. What will Monday bring? Is the market still too bearish?

 

BITCOIN COULD HAVE OVERSOLD

According to a Friday report from Bloomberg, a key market sign — the Williams %R Indicator — is showing the market for Bitcoin (BTC) $6517.38 -0.04% has “oversold.”
 

This may portend that the great Bitcoin selloff is finally over. The Williams %R Indicator moves between a level of 0 and -100, showing an overbought or oversold market.
 

According to Bloomberg’s chart below, that measure is sitting at -83. This equates to an oversold market. The last time this level was reached Bitcoin price subsequently rose 22%, says Bloomberg.

NOVOGRATZ FORECASTS BOTTOM AND REBOUND TO EQUAL 2017 BOOM

On September 13, 2018, Mike Novogratz referred to the Bloomberg Galaxy Crypto Index Chart, asserted a low, and likened market performance to “the point of acceleration that led to the massive rally/bubble.” He finished his tweet with the hashtag #callingabottom.
 

PRE-WEEKEND RALLY… WHAT WILL MONDAY BRING?

On the day of Novogratz’ tweet, Bitcoin’s value began at $6337.46 before rising to $6589.32. Over the weekend the price has fallen back, but not too far —$6495.18at the time of writing. Monday and next week’s trading will likely prove or disprove Novogratz and Bloomberg’s theories.

As per Bitcoinist’s analysis today, we could be looking at a slow and steady recovery towards $7000 or it could be an “oversold” bounce. We predict Bitcoin is “well situated” for short-term gains, but could still be victim to a bearish market.

Novogratz isn’t the only confident bull. Tim Draper, speaking at a DealStreetAsia summit in Singapore last week predicted the total market capitalization for cryptocurrencies will reach a whopping $80 trillion by 2023. As of today, Bitcoin is still dominating the cryptocurrency markets, with 55% of the total market capitalization invested in Bitcoin alone.

Bullish or Bearish? Where are your sentiments today? What do you think next week will bring?

 

MELANIE KRAMER | SEP 17, 2018 | 00:00

Alan Zibluk Markethive Founding Member

Cryptocurrencies Pick Up – Bitcoin Emerges As Safe Haven

Cryptocurrencies Pick Up -  Bitcoin Emerges As Safe Haven

Cryptocurrencies Pick Up – Bitcoin Emerges As Safe Haven

Investing.com – Bitcoin and other major cryptocurrencies steadied on Thursday morning in Asia after days of plummeting.

Bitcoin rose 2.08% to $6,394.7 at 10:30AM ET (02:30 GMT) on the Bitifinex exchange.

Ethereum climbed 4.29% to $188.72 on the Bitifinex exchange.

XRP/USD also edged up 4.9% to $0.27088 on the Poloniex exchange, while Litecoin rose 3.83% to $52.866 on the Bitifinex exchange.
 

Despite the volatility of recent weeks, Bitcoin’s value has risen 0.1% over the past 30 days, making it something of a safe haven among digital currencies. Ethereum, on the other hand, has slumped about 45% over the past 30 days.

“In this case, Bitcoin is acting like more of a safe haven for cryptocurrencies – it’s kind of consolidating,” said Mati Greenspan, senior market analyst at cryptocurrency brokerage eToro.

 

Market Intelligence platform CoinFi’s data revealed that short-sellers are putting pressure on markets as bets against Ethereum is at all-time high.

“Retail investors were completely euphoric a few months ago. Now, that emotion has flipped and they’re panicking. Shorts are going to ride that wave,” said CoinFi CEO Timothy Tam.
 

Chinese Wuhan General Group (China) Inc. is seeking to acquire a former U.S. Department of Defense data center to transform it into a digital currency mine and house 1,200 mining machines there.

“We had planned to build this operation three months ago, but with the bearish cryptocurrency market, we took a step back to reassess our strategy,” said Wuhan Group’s CEO Ramy Kamaneh.

 

On Tuesday, U.S. securities regulator announced tighter measures on companies involved with cryptocurrencies.
 

On Monday, Mexico also took steps to required crypto exchanges and banks offering crypto services in the country to obtain a permit from the Bank of Mexico. Users will also not be allowed to access cryptocurrencies on the same day their accounts are created, under new rules.

 

Assets acquired by crypto beneficiaries need to undergo additional validation checks to prevent money laundering and illicit activities.

 

Alan Zibluk Markethive Founding Member

Bitcoin rises above 6300 as NY approves dollar-linked digital currencies

Bitcoin rises above $6,300 as NY approves dollar-linked digital currencies

Bitcoin rises above $6,300 as NY approves dollar-linked digital currencies

Bitcoin briefly climbed above $6,300 on Monday after New York state’s Department of Financial Services approved the Gemini Trust Company’s and Paxos Trust Company’s dollar-linked digital currencies, the first stable coins to get the nod from the regulator.

At 9:24am (1324 GMT), the world’s biggest and best known virtual currency was up 0.58% at $6,268.50 on the Luxembourg-based Bitstamp exchange.

Alan Zibluk Markethive Founding Member

BTCUSD consolidates the weekend losses despite Citigroup plans to tap cryptocurrency trading

Bitcoin price analysis - BTC/USD consolidates the weekend losses despite Citigroup plans to tap cryptocurrency trading

Bitcoin price analysis – BTC/USD consolidates the weekend losses despite Citigroup plans to tap cryptocurrency trading

  • Bitcoin has gained 2% since his time yesterday, but the upside is limited.

  • Citigroup has reportedly invented legal way to trade cryptocurrencies.

BTC/USD is changing hands at $6,301 with 2% gains on a daily basis. The coin has partially recovered from the weekends' slump, however, the upside momentum is weak despite some positive news about Citigroup taking cryptos closer to institutional investors.

Citigroup solves the puzzle

Citigroup has developed a new way to get exposure to cryptocurrency market without actually owning the assets, according to Business Insider. The new structure is called Digital Asset Receipt or DAR and it would place digital assets within the regulatory framework, allowing institutions, hedge funds and other big investors to tap this profitable market in a less risky way.

The instrument will work like an American Depository Receipt or ADR, which allows US investors owning foreign stocks that are not traded on US exchanges.

"In this case, the cryptocurrency is held by a custodian and the DAR is issued by Citigroup, the people said. The bank will alert the Depository Trust & Clearing Corp, a Wall Street middleman that provides clearing and settlement services, once it's issued the receipt," a person with knowledge of the plans explained to Business Insider.

Bitcoin's technical picture

On the intra-day basis, BTC/USD is capped by SMA50 (1-hour) at $6,316, followed by SMA100 (1-hour) at $6,373. Once these areas are cleared, the recovery may be extended towards $6,400, though the ultimate bulls' goal is created by 23.6% Fibo retracement at $6,800, strengthened by SMA200 (1-hour).

On the downside, the nearest support comes at $6,116 (September 8 low), followed by critical $6,000.

BTC/USD, 1-hour chart

Tanya Abrosimova

FXStreet

Alan Zibluk Markethive Founding Member

Bitcoin BTC Price Watch- Nearby Inflection Points to Watch

Bitcoin (BTC) Price Watch- Nearby Inflection Points to Watch

Bitcoin (BTC) Price Watch- Nearby Inflection Points to Watch

Bitcoin Price Key Highlights

  • Bitcoin price continues to crawl higher and is moving closer to completing its double bottom.

  • Once completed, price would need to break past the neckline at $8,400 to confirm a long-term uptrend.

  • Corrections from the climb could find support at the short-term rising trend line that held since last month.

Bitcoin price is slowly moving up to form a double bottom reversal pattern, and a neckline break could lead to more gains.
 

Technical Indicators Signals
 

The 100 SMA is also completing its bullish crossover from the 200 SMA to indicate that the path of least resistance is to the upside. This would mean that the rally is more likely to resume than to reverse. Price is also moving above a rising trend line connecting the lows since mid-August and the moving averages could serve as dynamic support close to this area.

However, RSI is pointing down after recently reaching overbought territory, which means that selling pressure might still return. Similarly stochastic is on the move down so bitcoin price could follow suit while bearish pressure is in play.

Market Factors

In the absence of any major updates lately, bitcoin appears to be taking its cues from the improving sentiment in the industry. More and more analysts are renewing their bullish calls, with one group even predicting that it could reach $33,000 in 2019.

Furthermore, Satis ICO Advisory Research projects that bitcoin price could surge to $96,000 over the next five years then to $143,900 in 10 years. The firm is also bullish on Monero, predicting it will reach $18,000 over the next five years.

On the flip side, it is less optimistic about ethereum and litecoin while being bearish on Ripple, Bitcoin Cash, EOS. The report also wasn’t optimistic on utility tokens either, and this “weeding out” sentiment appears to be more favorable to bitcoin.

 

SARAH JENN | SEPTEMBER 4, 2018 | 4:19 AM

Alan Zibluk Markethive Founding Member

Bitcoin BTC Price Watch – Don’t Miss This Bullish Pullback

 

Bitcoin (BTC) Price Watch – Don’t Miss This Bullish Pullback

Bitcoin Price Key Highlights

  • Bitcoin price is trending higher inside an ascending channel on the 4-hour chart and is testing the top.

  • A pullback to support might be due from here, so as to gather more bullish energy on the climb.

  • The uptrend is likely to resume since the 100 SMA is completing a crossover above the 200 SMA.

Bitcoin price hit resistance at the top of the channel but might be ready to resume the climb on a test of support.

 

Technical Indicators Signals

The 100 SMA is crossing above the longer-term 200 SMA to indicate that the path of least resistance is to the upside. This suggests that the uptrend is more likely to resume than to reverse or that support is more likely to hold than to break.

However, RSI is pointing down to indicate that sellers are trying to regain control from here while buyers take a break. Similarly stochastic is moving south so bitcoin price might follow suit while bearish pressure is in play.

Price could bounce upon hitting support at the Fib levels or the channel bottom, which lines up with the 61.8% level in particular. This also coincides with a former resistance around $7,000, which might also hold as an area of interest.

A larger pullback could last until the swing low just above the moving averages, which might be the line in the sand for any bullish correction.

BTCUSD Chart from TradingView

Bitcoin price does seem to remain support, especially after landing back above the $7,000 major psychological mark that many are watching. Optimism for approval by the SEC in bitcoin ETF applications appears to be keeping bulls present for fear of missing out on a big rally.

Apart from that, many analysts are renewing their bullish calls on this particular cryptocurrency, with Tom Lee even citing that the launch of ethereum futures might wind up positive for bitcoin.

 

Sarah Jenn – NewsBTC – 1 hour ago

Alan Zibluk Markethive Founding Member

Bitcoin BTC Price Watch- Bulls Defend Uptrend Line Aiming Higher

Bitcoin (BTC) Price Watch-  Bulls Defend Uptrend Line, Aiming Higher

Bitcoin (BTC) Price Watch- Bulls Defend Uptrend Line, Aiming Higher

 

Bitcoin Price Key Highlights

 

  • Bitcoin price pulled back to the area of interest marked previously and bounced off support.

  • Price is setting its sights back on upside targets indicated using the Fibonacci extension tool.

  • Technical indicators are giving mixed signals in terms of direction, but bearish pressure appears to be fading.

Bitcoin price is resuming its climb after testing the rising trend line connecting the lows since mid-August.

Technical Indicators Signals

The 100 SMA is still below the longer-term 200 SMA on the 4-hour time frame to indicate that the path of least resistance is to the downside. In other words, there’s still a chance for the selloff to resume at this point.

However, the gap between the moving averages is narrowing to indicate slowing selling pressure. The 200 SMA, which lines up with the trend line, also held as dynamic support and could continue to do so moving forward.

In that case, bitcoin price could aim for the 38.2% extension at the swing high next or the 50% extension just past the $7,200 major psychological resistance. Stronger bullish momentum could bring it up to the 61.8% extension at $7,315 or the 78.6% extension at $7,457.70. The full extension is just above the $7,600 mark.

RSI is on the move up so bitcoin price could follow suit while buyers have the upper hand. This oscillator has some room to climb before hitting overbought levels, which means that buyers could stay in the game for a bit longer.

Meanwhile, stochastic just pulled up from the oversold area to indicate a return in bullish pressure. This has more room to head north, also suggesting that the bounce could be sustained.

A bit of month-end profit-taking flows could be seen so be mindful of any sharp dips as traders try to book profits off recent positions. In the meantime, traders still seem optimistic that the SEC could have a more positive decision in the pending bitcoin ETF applications.

 

 

 

SARAH JENN | AUGUST 31, 2018 | 4:32 AM

Alan Zibluk Markethive Founding Member

Bitcoin BTC Price Watch – More Buyers Waiting to Join

Bitcoin (BTC) Price Watch -  More Buyers Waiting to Join

Bitcoin (BTC) Price Watch – More Buyers Waiting to Join

 

Bitcoin Price Key Highlights

  • Bitcoin price is still on a tear, making its way up to the top of an ascending channel on the 1-hour chart.

  • Price could be due for a pullback to the channel bottom from here in order to gain more bullish momentum.

  • The Fib levels on the latest swing low and high show the areas where buyers might be waiting.

Bitcoin price could be due for a quick pullback from its ongoing climb as buyers wait to hop in at better prices.

 

Technical Indicators Signals

The 100 SMA is safely above the longer-term 200 SMA to confirm that the path of least resistance is to the upside. In other words, the uptrend is more likely to resume than to reverse.

The gap between the moving averages is also widening to signal strengthening buying momentum. The 100 SMA lines up with the 38.2% Fib at $6,800 while the 200 SMA is closer to the bottom of the channel, which might be the line in the sand for a bullish pullback.

In addition, this is near the area of interest or former resistance around $6,700 which might hold as support moving forward. If so, bitcoin price could resume the move to the swing high or the top of the channel closer to $7,200.

RSI is on the move down, though, so there may be some bearish pressure left. This oscillator has a bit of room to head south before indicating oversold conditions, so the correction could go on for a bit longer.

Similarly stochastic is pointing down to confirm that sellers are in control for now. Once both oscillators hit oversold levels and start turning back up, buying pressure could return and allow the climb to resume.

Speculations for a rebound until the end of the year are being revived as traders are now turning their attention to potential approval from the SEC when it comes to bitcoin ETF applications.

 

SARAH JENN | AUGUST 29, 2018 | 4:03 AM

Alan Zibluk Markethive Founding Member