Protecting your Cryptocurrency

1. Backup today

You can never say it enough: back up your wallet. If you haven’t yet backed up your wallet, do it now.

Most hardware and software wallets use an industry standard backup protocol called BIP 39 that allows your wallet backup to be 15  English words.

It's important to write the words down, on paper, in order, and securely store the backup somewhere safe from people, water and fire. If you don’t back up your wallet, you could well lose your bitcoin. Forever. Greater security involves using a brain wallet https://en.bitcoin.it/wiki/Brainwallet

2. Check on your backups

The new year is a perfect time to check on your important papers, including your wallet backups. Can you still access them? Can you still read the words? Are they secure from fire, water and theft? If you've given the backups to someone else (lawyer, accountant), ask them to check their storage.

3. Set a calendar reminder

While we all know we should be checking our backups, wallets and estate plans regularly, it's hard to remember to do it. Add a reminder to your calendar now, to check all these things again in three, six or at most 12 months.

4. Move money off your smartphone

I have never been a fan of having money or bank information on my phone and with the increase in the Cryptocurrency prices, you might be shocked at how much money you've been carrying around on your smartphone.

Now is a great time to move your coins onto a hardware wallet or into cold storage. Hardware wallets are very easy to use, with user-friendly software components, and are considered one of the safest ways to store bitcoin.

While it's great to carry petty cash or spending money on your phone, never carry more Cryptocurrency on your smartphone than you would carry as cash in your wallet. maybe create a separate wallet just for your phone

5. Move your money off exchanges

If you have coins sitting on an exchange, move them out today to a wallet you control.

Most of the popular exchanges pool coins and while you have a "balance" showing on your account, you do not actually control the keys. If the exchange gets hacked you could lose your money. Remember that you only control the chryptocoins if you control the keys: "not your keys, not your bitcoin".

6. Upgrade to two-factor authentication

Add two-factor authentication to your bitcoin-related accounts and to all other important online accounts. The best two-factor solution is a hardware token and you can buy one for just $20–$30.

Otherwise use a smartphone authentication app, such as Authy or Google Authenticator. SMS is not a very good two-factor solution, though it is still better than none at all.

7. Use a password manager

Humans are great at identifying patterns and that makes us terrible at randomness. Password best practises – choose a different random password for each site, never write them down – pose management problems.

For most people, the only way to accomplish this is to use a password manager – one which generates and stores your passwords securely on multiple devices. Popular managers include 1Password, Roboform, LastPass, and the open source KeePass.

Many offer free basic services, with premium services costing less than $80 per year. They're easy to use and in just a couple of weeks you’ll never want to be without one again.

8. Plan for your family

If something happened to you tomorrow would your family be able to access your cryptocoin? While this tip takes time to implement, it's worth it.

It shouldn’t take you more than an hour to make a plan and decide who you want to get what, write down instructions and tell your family about your plan.

Be sure to consult an attorney, to make sure your plan is consistent with local law and can’t be challenged in a court. If you have a will, trust, or other estate plan, let your attorney know that you have new assets that need to be included in your plan.

Getting your first Cryptocurrency is becoming easier and easier, but keeping it safe from hackers, insolvent exchanges, and loss isn't as easy.

These 8 tips will help you bring in the new year with a renewed sense of confidence that you can safeguard the  Cryptocurrency  that you have, especially now that it’s worth a lot more.

David Ogden
Entrepreneur

David https://markethive.com/david-ogden

New Year New Opportunities and Resolutions

 New Year New Opportunities and Resolutions

Two years ago I started writing down my New Year resolution. Which helped me keep track of my plans and the direction of my life. This year year marks a period of consolidation and times to consider what we will do when Jay completes his secondary education.

There are some uncertain times ahead due to Brexit. Will Jasmin and Jay be granted permanent UK residency early than the original five years under EU rules. Will it still be possible to retire to other EU countries on favorable terms. We are both working so that we can save for the future, however the weather is still a challenge and I miss warmer climes.

Jasmin and Jay will visit their family in the Philippines this summer who they have not seen for some five years apart from via Skype. We still have a house to sell in the Philippines and it would be great if this could be concluded this summer to release capital.

Hopefully I will pass my retraining tests which will confirm my position at Go Ape as an Instructor for the 2017 season. This helps keep me fit and active. I also hope to have further sailing opportunities with the Jubilee Trust and Old Pangbournian Yacht Club such as the Round the Island Race on 1st July and The Arrow Trophy in the Autumn.

Turning to my various business interests, it would seem to be time to leave Valentus an MLM who promised to be different but then shut down their European warehouse with out notice and also started to enforce rules regarding minimum sales prices. The fact that prices are in USD and deliveries come from the USA results in too low profit margins, and to be honest the products are overpriced .

At the end of 2016 I took up an interest in Cryptocurrency which would seem to offer a number of business opportunities, especially when one considers the likes of Bitcoin have grown in value faster than any traditional currency are increasing being considered as perhaps becoming the new gold standard and replacing the USD. At the moment you can certainly see in the both the short and longer term that cryptocurrencies can offer a better rate of return compared with savings rates from banks and even investment from stocks and shares.

MarketHive continues on its long journey to re-program its software, but has yet to be launched and its lack of funding is delaying it completion, however as we enter the new year it would seem that funding will no longer be a problem and the likes of Facebook and Linked in will have a new business based rival.

For the first time in many years I am not sure of direction, there is a possibility that I could double my net worth, the only thing that is sure is we will remain in the UK for the next two years which coincidentally is the expected time to complete Brexit.

David Ogden
Entrepreneur

David https://markethive.com/david-ogden

THE BLOCKCHAIN WILL CHANGE EVERYTHING

The Blockchain technology is already revolutionizing the world and how it works.  It brings with it some very exciting features and some very scary features.  It has proven it's power in that money can be sent and received more rapidly than on the traditional platform that banks and credit card companies use.  For most that is the exciting part, but for the banks and credit cards that is the scary part because they are not in control of how the system works.
Blockchain technology is going to be working in many areas of our world very soon.  It has possibilities in Human resources, industrial, social, marketing, transportation, and the list goes on.  It has brought about the DAC or DAO, which stand for Decentralized Autonomous Corporation or Decentralized Autonomous Organization.

 
Here's what David Morris has to say about how the blockchain and crypto-currency will change everything.

 

Contributor

Patrick Tate

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skype: patricktate19

David https://markethive.com/david-ogden

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

 

David https://markethive.com/david-ogden

The Rise of CryptoCurrency

MyCryptoCoin  MCC

The world is changing. FAST

Worldwide, we are becoming more and more interdependent
on each other everyday.

Anyone who is informed about cryptocurrency knows that
it is the future of world commerce.

Although many cryptocurrencies exist already, all but a handful
of coins are merely bitcoin copies which have deficiencies with
respect to transaction speed necessary for use in daily commerce.

Those inside the cryptocoin scene know, when the copycat
coins have come and gone, that there will be a handful of
coins remaining that will provide everyday use cryptocurrency
to the entire world.

They are, bitcoin (BTC), Ethereum (ETH), Ripple (XRP), NXT, 
and the soon to launch MyCryptoCoin (MCC).

Thankfully, during growth our members have enjoyed
enormous gains every step of the way.

Of these top few, MCC is the coin designed for mass distribution
and usage due to its “heavy load” blockchain technology that
improves its lightning speed performance with each new user.

This separates MCC from the rest, making it a perfect fit for 
everyday transactions.

MCC features a Universal wallet which allows for worldwide
bridge payments and transactions using any type of currency
including fiat paper money, electronic payment systems, and
cryptocurrency.

Advanced capabilities in smart contracts, micro-services, and
decentralized applications are a few of the amazing possibilities
interwoven within the MCC core technologies.

Take the first step now by registering your interest at  http://wavefour.cryptocoin20.com/

Then remember to come to our webinar @ 1400Hr hrs MT on Monday 26th December (Use http://www.timeanddate.com/worldclock/meeting.html enter Denver as location 1 and your own location to check your local time)

Join our live Webinars Every DayFor times and Webinar logins on go to the Markethive calendar:https://markethive.com/calendar

Direct access to our webinar room is at: https://www.TheHiveRoom

David Ogden
Owner @ My CryptoWorld

 

David https://markethive.com/david-ogden

Characteristics of Money-Does Digital Currency Have Them?

  Money, according to Wikipedia is any item or verifiable record that is generally accepted as payment for goods and services and repayment of debts in a particular country or socio-economic context, or is easily converted to such a form.  

So if that is true, then MONEY needs to have some undeniable characteristics.  Typically there have been five of them through the centuries for any money to last any length of time. Scarcity, Recognizeability, Divisibility, Fungibility, and Portability are the original five, but there have been some more added over time and by necessity,  that will be mentioned further in the blog.

                                                 Image result for pile of money cartoon

Scarcity is one that has to be in place for money to work properly in any economy.  If it wasn't there would be no value to it and it would not be trusted as payment for goods and services.

  Recognizeability is another major factor in what money must be.  Whether it is paper, or coins, or cacao beans, it must be recognizable by the accepting party to trust it as payment.

  Money must have Divisibility be into smaller units, but still equaling the same value when the smaller parts are together in the same payment.  The decimal system has made this very simple with the money we know today.

  The next characteristic has to be present, almost more so than the others, for money to work as it is intended.  Fungibility is the property of a good or a commodity whose individual units are capable of mutual substitution.  So basically it has to look the same across the board according to the denomination.  It's kind of hard to tell now what the different money is and what it looks like anymore because governments are constantly changing the printing or design of it.

Portability is the last of the original 5 but still very important.  Money must be easy to carry around with you.  Would a 55 gallon drum of oil or a 100 dollar bill be easier to carry? Yeah, no brainer right?

Durability has come into play as a factor for any money to valuable in the different economies of the world.  For instance, coins had to be able to withstand time and wear.  But then over time the power that money extended to governments and rulers, made quality of that durable money became an enormous factor in its value and if it could be trusted. 

Today digital currency has brought with it some more characteristics that need to be in place.  Security being of great importance, there has to be a very secure way to transfer digitally from one party to the other.

Stability is the outcome, or benefit of a secure system that delivers digitally around the world through the technology of a block-chain that is decentralized and independent of control be any governing body.

We are about to to be a part, NO, WE ARE ALREADY IN one of the biggest disruptions of all world currencies the planet has ever seen.  The Roman Empire experienced it and is no more because of it.

Currency is the language that allows for the expression of transactional value between two parties.  So, in the digital age we are in, the coming of digital currency was always inevitable.  Thanks to Satoshi Nakamoto, known for inventing bitcoin, implementing the first block-chain, and deploying the first decentralized digital currency, it is becoming a reality.  Learn more here.

Contributor

Patrick Tate

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David https://markethive.com/david-ogden

Make Money with Cryptocurrency

The past few day has seen bitcoin reaching towards the $1,000 per coin level after more than doubling its value this year. People in the know have been transfering some of their saving into Cryptocurrency to ride the wave. Citizen in the like of India, Venezuela, Brazil, Nigeria have started to purchase coins to protect themselves from losing their savings as government play around with fiat currencies declaring some notes as no longer legal tender. The Philippine government is thinking about its need to license exchanges in its country where many overseas workers  use bitcoin so send money to their families, rather than expensive bank transactions. Banks are starting to get concerned and are starting to look at blockains,. the software technology  behind Cryptocurrency to protect their business.

Now the question is  if you have money in you bank, is now the time to buy bitcoin. $1,000 is a barrier which may take a month or or more to breach with bitcoin trading at $847-915. In the longer term the coin is expected to rise.  The problem is that Bitcoin is not perfect and will not become a mainstream product until it resolves its latency issues, because commerce  in this fast moving world and cannot afford to wait minutes or hours for transaction to be completed. Time is Money.

One short/ long term option is to place your savings into another coin which is running a crowd funding campaign and ICO for mycryptocoin (you can see a white paper here) This coin has not only resolved the latency issue but will revolutionise the way customers wallets work. The tokens are valued at $0.1 but on first day of trading coins will trade at $1.0. If you put your money into the crowdfunding project the gains will be enormous however due to the fact the project closes at the end of the month you need to take action  now to complete the purchase of tokens.

Take the first step now by registering your interest at  http://wavefour.cryptocoin20.com/

Then remember to come to our webinar @ 1200Hr hrs MT on Friday 23rd December (Use http://www.timeanddate.com/worldclock/meeting.html enter Denver as location 1 and your own location to check your local time)

Join our live Webinars Every DayFor times and Webinar logins on go to the Markethive calendar:https://markethive.com/calendar

Direct access to our webinar room is at: https://www.TheHiveRoom

David Ogden
Owner @ My CryptoWorld

 

 

David https://markethive.com/david-ogden

Time is running out to complete MYCryptoWorld ICO

Time is running out to complete MYCryptoWorld ICO

MyCryptoWorld is a crowdfunding venture, behind the ICO launch, which closes on the 31st December and the billion mycryptocoins will be fully allocated in January to people holding it tokens.

The ICO has to be paid in bitcoins which may require payment by wire or international transfers which can take a number of days, on top of that you may need a wallet or wish to to use a cryptocurrency exchange to purchase bitcoins a the best price.

If you are interested in the ICO you need to take action now

Living in the UK or Europe I would open an account with Kraken.

For the USA I recommend Gemini

Both of these will take 1-3 days to verify your email, phone,ID and where you live needing for example passport,driving licence, Social security no (USA) and a recent utility bill or bank statement (kraken).

Exchanges only accept payment by wire so this again can delay you by up to 3 days before you can purchase bitcoins.

One alternative is to open up a blockchain wallet which takes a day to become verified after which you can purchase up to £200 of bitcoins a day via credit card instanltly or large amount via wire transfer requiring 3-4 working days.

The value of Bitcoin is on the rise so even if you miss the ICO deadline you will have a cryptocurrency which you can iether use or sell later at a profit.

Are you interested to join a brave new world, if so you are just in time to join an Initial Coin Offering (ICO) cloud funding project which is about to close.

MyCryptoWorld, has a lucrative offer at the moment which is going to be explained TODAY

 

Take the first step now by registering your interest at  http://information.cryptocoin20.com/

Then remember to come to our webinar @ 1000 and 1300Hr hrs MT on wednesday 21th December (Use http://www.timeanddate.com/worldclock/meeting.html enter Denver as location 1 and your own location to check your local time)

Join our live Webinars everyday days: For times and Webinar logins on go to the Markethive calendar:https://markethive.com/calendar

Direct access to our webinar room is at: https://www.TheHiveRoom

David Ogden
Owner @ My CryptoWorld

David https://markethive.com/david-ogden