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David https://markethive.com/david-ogden
FINANCIAL EDUCATION = YOUR BEST INVESTMENT
<>>
Want To Protect & Profit from
Debt Collapse & Cashless Society ?
Be Your Own Bank 2.0 !!
Learn How To Inside
Click Here – Accept Facebook Connection – Follow Steps
To your success,
David https://markethive.com/david-ogden
In May of 2010, someone on a Bitcoin forum by the name of Lazlo claimed to have bought two pizzas for 10,000 bitcoins. It was the first time anyone had purchased anything with the new digital currency, which at that time was valued at practically nothing.
Today, the cryptocurrency market is worth nearly $19 billion and those 10,000 bitcoins would be worth more than $10 million. Most of the cryptocurrency market is in Bitcoin, followed by Ether, the currency used by the smart contract platform Ethereum. Now tech giants, like Microsoft, IBM and Amazon, as well as major Wall Street banks, including JPMorgan Chase and Citigroup, are investing in blockchain technology, the underlying class of technology that started with Bitcoin. Infosys, TCS, HCL, and Accenture are working on blockchain-based products for banks as well.
With the new year, everyone is wondering what’s to come in the next chapter. Based on my work in the field, here are five predictions on major trends in cryptocurrencies for 2017.
Investment funds will look to invest in cryptocurrencies
As an asset class, cryptocurrencies are tough to ignore. As I write this, Bitcoin is trading at just over $1,000. Hedge funds and venture capital firms will look for more ways to tap into the cryptocurrency market. Doing so will remove some of the social stigma around cryptocurrencies—mainly due to Bitcoin’s history of use on the dark markets—and popularize investment in cryptocurrencies.
Global currency disorders are on the rise: Think of what’s happening in India, where the government recently scrapped 86 percent of cash in circulation, and in Venezuela, where currency is so devalued people now need to carry stacks of cash just to buy food. As a result, many retail investors are turning their attention to digital currencies, as well. Cryptocurrencies are free from government control. Governments can’t easily call in bitcoins or halt their movement across international borders without taking drastic actions.
Financial institutions, bound by charters that describe the types of investments they can embark upon, have had few means of putting their money into bitcoins or other cryptocurrencies. But in 2017, we’ll see a greater push towards a diversity of cryptocurrencies as investments, and ETFs, hedge funds, and derivatives will start to act as conduits for institutions to gain exposure and get into the cryptocurrency game.
Private blockchains will start feeling the burn
Private blockchains (like the Hyperledger project from the Linux Foundation, R3CEV’s Corda, and the Gem Health network) will start to feel real friction. To date, private blockchains have gotten the benefit of the doubt, receiving hundreds of millions of dollars in funding with little to show for it in production. Many of their projects are not terribly innovative, and haven’t been subjected to the same rigorous review as more public projects.
Greater scrutiny from analysts, well-informed media, and investors will put some much-needed cold water on private blockchains in 2017.
Bitcoin will see SegWit introduction
Despite the enormous technological and political difficulties involved in upgrading Bitcoin, Bitcoin’s core developers have finally introduced Segregated Witness to the network. The benefits of SegWit are clear: a higher transaction throughput without altering the block size, no transaction malleability and faster block validation. SegWit also makes it easier to develop better wallet software and permits off-chain transactions on the Lightning Network, a protocol for scaling and speeding up blockchains.<
There are no clear downsides to this upgrade, but it’s been taken hostage in the political battle over block size. Some mining pools are refusing to switch to SegWit, holding out for a block size increase instead, which does involve trade-offs. However, the fight seems to be running out of steam, which bodes well for SegWit.
Bitcoin usage will not change significantly
The price of Bitcoin will continue to rise due to increased demand from investors but usage—that is, how many people are using it to actually buy and sell things in the open market—will not change substantially. Arguably the biggest application for Bitcoin over the last few weeks has been as a tool for capital flight. In China, for instance, investors are buying bitcoins as part of a rush to convert their RMB into currencies that aren’t losing value. This means the currency won’t necessarily be trading hands much. Instead people will be holding on to it as a hedge or using it to get money out of their countries.
Exchanges will become a source of scrutiny
Regulators will keep a light touch on the technologies behind cryptocurrencies, but they will look more closely at exchanges, which is where traditional banking meets the new world of cryptocurrencies.
While exchanges are an excellent resource, allowing people to conveniently buy and sell digital currencies with ease, they also centralize risk. This makes them a virtual honeypot for hacks and thefts. So increasingly we will see governments stepping in to oversee how they operate with an eye on consumer protection. Some regulation will include new ways to confirm identities and block money laundering—and in extreme cases, block exchanges all together. Take the case of Colbitex, the first bitcoin exchange in Colombia, which the Colombian government closed down in August, claiming bitcoin was not real money and therefore unregulated.
Over a relatively short amount of time, we’ve watched cryptocurrencies evolve from relative obscurity to a point where governments and financial institutions are taking it seriously and making huge investments in blockchain technologies for their own use. Through 2017, we’ll see that evolution continue as serious blockchain platforms begin to emerge and people begin using cryptocurrencies, not just for capital flight and a hedge against hyperinflation, but for real day to day trading—and we’re not just talking pizza here.
Bryan Tuck
Partner
Markethive Inc.
(231) 487-2032
Join our Cryptocurrency Group. Time is running out.
https://markethive.com/group/cryptocoin
P.S. Learn how regular JOES are earning up to 1 bitcoin every 24 hours using our proven system
Originally published at www.techcrunch.com – Jan 23, 2017 by Kathleen Breitman
David https://markethive.com/david-ogden
1. Backup todayYou 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
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.
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.
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
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".
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.
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.
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
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
2017 Will Be The Year For Cryptocurrency
The world is becoming more aware of how using cryptocurrency can not only save you money but is the quickest way to transfer money around the worlds on top of that the actual value of the coins rises over time compared with paper currencies.
Many governments do not recognise cryptocoins as currency with the result that they are not taxed, until such time as you move them from your wallet and place them in a bank account.
There are a growing number of South American, African and Asian counties who are starting to use the like of bitcoin because all they need is a phone and internet connection to use cryptocoins.
January 2017 will see the launch of Mycryptocoin, which has developed a new blockchain ,built on the experience of bitcoin and etherium. Which will enable faster transaction speeds, no need for miners, plus a number of built in applications for commerce, which some people are referring to as bitcoin 2.0
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.
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 @ 100hrs MT on Tuesday 20th 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
When you are looking to purchase some Cryptocurrency, for whatever reason, there are certain cryteria that you should be aware of before you commit your fiat money to acquire it. You may be looking at Cryptocurrency simply because of its potential for growth, because it is Flexible, it's Secure & Perfectly Suited to e-commerce, it has no geographical restrictions or many other reasons.
Cryptocurrencies use a number of different algorithms and are traded in different ways. Here are the main characteristics that you should consider:
A cryptocurrency's market capitalization is the total worth of all coins currently in circulation. A high market capitalization can indicate a high value per coin or simply a lot of available coins. Perhaps more important than market capitalization is daily trading volume: the value of the coins that exchange hands every day. A high daily trading volume relative to the market capitalization indicates a healthy economy with many transactions.
One of the major differences between cryptocurrencies is their verification method. The oldest and most common method is called proof of work. To gain the right to verify a transaction, a computer has to expend time and energy solving a difficult math problem. The trouble with this method is that it requires a massive amount of energy to operate. Proof-of-stake systems attempt to solve this problem by letting the users with the largest share of the currency verify the transactions. These systems require less processing power to operate and claim faster transaction speeds, but concern over security means that few coins use an entirely proof-of-stake-based system.
A cryptocurrency isn't much use if you can't buy anything with it. That's why it's important to know who accepts a currency before you invest in it. A few cryptocurrencies are widely accepted, even boasting partnerships with major retailers. Most, however, have more limited acceptance, and some can only be exchanged for other cryptocurrencies. Some coins simply aren't designed to be exchanged for goods and are built for other purposes. Cryptocurrencies are an exciting new development in the world of finance. No one is quite sure yet where the technology will lead, but the fact remains that these new currencies offer possibilities that traditional cash can't.
Source: http://www.toptenreviews.com/money/investing/best-cryptocurrencies/
There is a new Cryptocurrency on the horizon. it is MyCryptoCoin. The ICO (Initial Coin Offering) public release is scheduled for January 10, 2017. If you are seriously considering purchasing some Cryptocurrency do It before December 31, 2016.
You can find out why here:
Dennis Roeder
MyCryptoCoin
Skype: daroeder
David https://markethive.com/david-ogden
Cryptocurrencies are just another form of money but they are specifically designed to take advantage of the architecture of the internet. Instead of relying on a standard financial institution to guarantee and verify transactions, cryptocurrency transactions are checked, or "confirmed," by the computers of the users on the currency's network. In other words, your transaction does not go to a bank, get verified, cleared and then passed on to the receipent. The transaction is verifed and passed to the receipent directly peer to peer, no single central computer or bank is used. The computers that verify the transactions usually receive a small amount of currency as a reward. The process of receiving rewards in exchange for verifying transactions is called "mining," and it is the main way that new currency is produced. Mining works differently for different currencies.
Because cryptocurrencies are completely digital, they can be used in ways that ordinary currencies can't; primarily, they are used like the digital equivalent of cash. Unlike credit or debit cards that are issued by banks, you don't need an account or good credit to use cryptocurrencies, yet you can use them to buy goods and services from an increasingly diverse selection of retailers and individuals. For instance, Overstock.com and Newegg.com accept Bitcoin as payment. There is typically a very small fee for almost every transaction, but it's typically much lower than credit card processing fees and interest, and the fees support the network.
Another common practice is to use small amounts of cryptocurrencies to "tip" people on IRC chat, social media and blogs. For instance, independent developers have designed "tipbots" for Reddit, Twitter and other social platforms that allow you to send money to a friend or anybody you feel has made a tip-worthy comment. The amounts you can send can be very small, like fractions of a penny, or if you decide quite substantial.
Cryptocurrencies can be converted at lightning speed or used to represent things that aren't normally currencies, such as domain names or consumer goods. Depending on the currency being used, it is also possible to anonymize transactions, turning cryptocurrencies into a form of discreet online cash. Most importantly, cryptocurrencies can be sent anywhere in the world, almost instantaneously, enabling users to deal directly with each other over the internet, rather than through a third-party financial institution, paying currency conversion fees or waiting for a bank to release funds.
While they are not entirely immune from fraud or theft, they are generally safe to use and difficult for malicious hackers to steal. As with cash, you'll need to take some precautions to protect your coins. For one, you'll want to encrypt your wallet with a very strong password and take regular backups, and it's a good idea to keep the backup and a written copy of your password in a remote location. Never give your password or wallet to somebody you don't trust, and keep the wallet software up to date at all times. Just like cash, if it's lost, damaged or stolen, you can't recover the funds. It's also a good idea to keep the bulk of your money offline, either in a "paper" wallet or on a storage device that may be disconnected from the internet when it's not in use.
Source: http://www.toptenreviews.com/money/investing/best-cryptocurrencies/
You can be in on the start of the newest Cryptocurrency coming soon. The initial coin offering (IC0) is January 10, 2017. You can get in on the pre-launch now by reserving the number of coins you want at .10 USD each.
Register now for free. See what it is all about.
Dennis Roeder
MyCryptoCoin
Skype: daroeder
David https://markethive.com/david-ogden
MyCryptoCoin will be the next Cryptocurrency exchange unit and will be introduced by My-Crypto-World with an ICO (Initial Coin Offering). An ICO is similar to an Initial Public Offering (IPO) in the stock market. MCC (MyCryptoCoin) is now in phase 2 of global pre-ICO distribution and prepared for public exchange release on January 10, 2017.
MyCryptoCurrencies' hybrid blockchain bridges the world's most advanced digital payment systems and cryptocurrencies into one platform. MCC's advanced cryptocurrency technology and global distribution strategy have positioned MCC to be the strongest performing ICO ever released. My-Crypto-World will educate you on how to win back control of your currency. You will be in control of your money not the Banks!
Watch this video for more information:
MyCryptoCoin is designed with next generation high load blockchain protocols, utilizing a blockchain design that improves functionality with each additional user, maximizing scalability and load performance.
MCC includes your own private universal wallet that allows for immediate trading and exchange between all currencies and investment markets. The evolution blockchain is designed by the best in cryptocurrency development to create a coin and mainstream payment network usable by everyone in the world.
The MCC universal wallet/coin combo can be used to manage your entire life and assets. Inside are a Universal Dapp store, micro-services, micro-payments, smart contracts, universal exchange, universal payment system, and custom template decentralized app building, just to name a few.
Register for FREE to learn about My-Crypto-World's superior cryptocurrency technology and how the simple and effective global currency distribution strategy can generate AMAZING RETURNS with a rise in coin value. This is our opportunity as a global society to create wealth.
Dennis Roeder
MyCryptoCoin
Skype: daroeder
David https://markethive.com/david-ogden