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Bitcoin Will Rise to $2000 in January 2017

Bitcoin Can Rise to $2000 in January 2017

The Confirming Trends

Trump’s ascendancy will be confirmed in January – a time in which Kim Dotcom hopes to launch his Megaupload 2.0.

Saxo’s projected three-fold increase in the current price of the digital currency – currently at $760 – is similar to Dotcom’s prediction that Megaupload and its potential Bitcoin wallet Bitcache system could take the price of Bitcoin to $2000, based on the claim that the file sharing product would overcome Bitcoin’s scaling problems.

The anonymous cloud sharing, anti-surveillance, video hosting, Bitcoin-caching online service, that will serve the equivalent to the population of the Philippines (approximately 103 mln), is slated for a release in late January. Let’s hope he can pull it off.        

China to exceed growth expectations

On Dec. 1, China restricted the importation of gold in order to prevent capital leaving the country. The country still plans to regulate the importation of gold to avoid the Chinese yuan from leaving the country.

As a huge determinant of the eventual quasi-synchronization in price between Bitcoin and the yuan, the Chinese trading volume will correlate with the price of Bitcoin in the coming weeks even as the Chinese central bank and authorities struggle to recover the value of the yuan which has fallen 5.8 percent against the dollar already this year.

Saxo Bank notes that China is expected to exceed growth expectations in the coming years, adding that the country’s current slowdown has been predictable due to elevated investment levels of around 50 percent of GDP while total debt has swollen to an unsustainable 237 percent of GDP.

Through massive stimulus from fiscal and monetary policies, and by opening up capital markets even more, the country successfully steers a transition to consumption-intensive growth surpassing current expectations and reaching eight percent growth in 2017.

India is ready for Bitcoin

Bitcoin’s price increased following the recent demonetization of the Indian rupee. Following this, there were suggestions that the government could be planning a ban on the importation of gold as the precious metal reached two-year highs in November. This, coupled with the growing awareness of Bitcoin in the world’s second most populated country and the Indian government's resolve to work on Bitcoin and the Blockchain framework before 2018, could push it to a tipping point.

In its Payment and Settlement Systems in India: Vision-2018, the Reserve Bank of India notes that it will be monitoring framework for new technologies/innovations in order to “ensure that regulations keep pace with the developments in technology impacting the payment space, the global level developments in technology such as distributed ledgers, Blockchain etc. will be monitored and regulatory framework, as required, will be put in place.”

This will improve the country’s payments ecosystem, it says, which has been evolving dynamically with the advancements and innovations taking place, particularly in the area of FinTech.

In a chat with Cointelegraph, a spokesperson for Zebpay agrees that there's been no talk of Bitcoin without the mention of India lately and this will continue for a little longer because Bitcoins are the new game changers in the era of cashless economy offering billions of Indians the ability to go cashless using digital currencies.

The spokesperson says: “We skipped the landline generation and have a modern mobile phone infrastructure. Similarly, India has the potential to skip the plastic money generation and build a modern financial infrastructure on this revolutionary technology.”

For Coinsecure CEO Mohit Kalra, India is rising to Bitcoin and 2017 seems promising for its adoption and usage.

"In terms of use, we are hoping to see more merchants start accepting Bitcoin in India. Demonetization and going cashless can definitely help boost adoption rates across merchants, businesses and individuals alike!"

Read more at: The CoinTelegraph

Join our live Webinars and special guests: Events and Webinar logins on the Markethive calendar: https://markethive.com/calendar

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

Thomas Prendergast
CEO
Markethive Inc.

P.S. At least move some of your money into Bitcoin. Here is a comprehensive list of Bitcoin exchanges. This is a new shift, much like the Internet. Do not reject this move, rather embrace it. The List:
https://99bitcoins.com/best-bitcoin-exchanges-comparison-review/

Thomas Prendergast

What is a DAO distributed autonomous organization ?

fbWhat is a DAO distributed autonomous orginization

These days, it’s hardly surprising to hear that a hot new startup has received gobs of money from eager investors. But a new company called the DAO (short for “decentralized autonomous organization”) is not your average startup.

The DAO, designed to serve as a kind of venture capital fund for the cryptocurrency community, is the first of a new breed of business. It has no CEO and no staff; indeed, it has no human management at all. The company itself is simply software that runs on a blockchain, the technology that powers digital currencies like bitcoin. Through its first three weeks, the DAO raised over $130 million from tens of thousands of global investors, and it’s not done yet. But regardless of how the company fares, its mere existence portends profound changes for business, government, and the roles that people play in our economy.

Analysts have questioned whether the DAO is legal or viable. Like any startup, it may fail. It may have attracted investors who don’t understand the risks. Some investors may be speculators in it for a quick buck, in turn, reducing the size of the fund. It may be attracting criminals or terrorists masquerading as entrepreneurs. To be sure, these are important concerns.

But the DAO’s debut is a watershed moment in the history of financial services. It demonstrates that autonomous entities can raise huge sums of money without traditional intermediaries. How will venture capitalists and investment banks respond to these blockchain IPOs that crowd-source hundreds of millions of dollars from a global invest

Even more significantly, the distributed autonomous enterprise raises the intriguing possibility that software could ameliorate, or even eliminate, some of the most vexing problems of management and mass collaboration.

Consider the impact of software that automates important aspects of governance and decision-making in a firm. Companies like this have no executive team, board of directors, or assets other than code. This could eliminate the possibility of managerial wrongdoing and incompetence. Such an organization will do what it’s coded to do, which is to act in the interests of those who hold its tokens. In the case of the DAO, the tokens are valued in Ether, the cryptocurrency of the Ethereum blockchain on which the DAO runs.

Meanwhile, stakeholders can review and vote on proposals for how the DAO will allocate its funds. Think about that for a moment. With such a company, there is no information asymmetry between management and stakeholders, because there are no managers. Nor is there room for moral hazard, where managers may behave contrary to the interests of their customers or clients, taking outsized risks for personal gain because they know they won’t suffer the consequences. There would be no way for the heads of an electronics conglomerate to overstate their earnings by $2 billion over seven years, as Toshiba’s did. Sports league officials couldn’t take bribes in exchange for hosting or broadcasting rights to big sporting events, as FIFA’s did. For regulators, there’s a lot to love here.

However, a DAO could act like a regular corporation in many other ways. It could invest in new businesses, support social causes, or back political candidates. It could hire lobbyists and a legal team to represent its interests and advocate on its behalf. Using smart contracts—agreements written in code that self-enforce—a DAO could do pretty much what any organization could do, with one important exception. On the blockchain, there is no way to override agreements, mission statements, corporate values, or operating principles without broad stakeholder discussion and consent.

That’s huge.

A DAO also offers perfect financial transparency. This is a tantalizing prospect for engaged and frustrated investors alike. The company’s finances are visible on the blockchain to anyone, not just its accounting department. (Of course, there is no accounting department.) Its corporate charter is enshrined in code for all to see.

That’s only the beginning. The software could also be used as a platform for integrity, a trust protocol of sorts, within traditional corporations. Stakeholders could participate in organizational governance directly and regularly, rather than by proxy or once a year at shareholder meetings.

Such an entity could also hire any human being or group via a smart contract on the blockchain, not through an HR department or procurement. Contractors would know the rules and norms for acceptable behavior and achievement in the collaboration, because they would be encoded in work orders and performance metrics. When they completed the job as specified, they could get paid immediately, not weeks or months later.

Stakeholders could receive dividends immediately, too, since real-time transparent accounting on the blockchain would make year-end reports unnecessary. The organization would hum along according to the trust protocols that governed it.

Imagine a global IPO with 100 million shareholders, each contributing a few pennies and voting their shares. That’s governance on a massive scale. At last, investors at the bottom of the pyramid could participate and own shares of a wealth-creating venture anywhere in the world. Anyone could design a corporation without executives—just stakeholders, money, and software.

We are not predicting a future in which there is no need for people in business. Human stewardship will be critical for these new kinds of business to succeed. In fact, in the last few days, surprised (perhaps alarmed) by the staggering success of the crowd-sale, the founders and early investors in the DAO have called for a moratorium on investment proposals for funding by the DAO. Among other things, they worry that bad actors could exploit the DAO to fund undeserving or fraudulent projects, or manipulate the value of tokens at the expense of the DAO as a whole.

So while the DAO code may run itself flawlessly, it is unable (for now) to fix itself in real time. Human problem-solvers can. Time will tell if they will succeed.

We think it is no accident that the DAO’s stated values include democracy and non-exclusion. Time will tell whether it can reach those loftier goals. But if it can, we may finally be able to democratize opportunities for prosperity and wealth. For anyone who cares about the integrity of the organizations that fuel the economy, the DAO is worth a close look as an alternative model of governance, collaboration, and performance.

See you at the live seminars

 

Thomas Prendergast
CEO
Markethive Inc.

 

Thomas Prendergast

Bitcoin: The True Democracy -Do you want the option to turn $50,000 into $3 million?

bcBitcoin: The True Democracy
Stefan Molyneux and Jeffrey Tucker

Do you want the option to turn $50,000 into $3 million? Wait, and also received $100,000 in private stock in a rising emerging state of the art Market Network, and that $3 million potentially turning into billions within a few years even within one year?

Visionaries, Internet Geniuses, and Network Wizards will be hosting the next webinar where you will understand what the Brexit effect, the Trump effect represent in the economies of 2017 and how you could make a modest investment today and become a multi-millionaire next year.

If you had invested $50,000 into Bitcoin at its beginning you would be worth $4.8 billion today. That was the first wave of what is to become a series of waves each one a bigger wave than the last one.

We are now staring at the next wave. It is right in front of us.

The True Democracy how the Blockchain not only brings wealth to the common man and woman, it also prevents war. Because the blockchain ends usury and usury is needed to finance war. So the blockchain architecture ends the ability to wage war.

Stefan Molyneux (A brilliant and very nice guy) discusses why war becomes obsolete in the decentralized world of the blockchain.

Make sure to join our conferences, you can find the calendar for our meetings in our calendar here.

 

Join our Cybercoin Group here:
https://markethive.com/group/cryptocoin

Thomas Prendergast
Founder and CEO
Markethive Inc.

Thomas Prendergast

Intro Bitcoin Crypto Currency by James Wilfong founder MCC dao

Intro Bitcoin Crypto Currency by James Wilfong
founder MCC dao

The crypto currency revolution is here. Bitcoin, the blockchain, ethereum, and the accelerating trend breakthroughs in new technology destined to change the world and empower the little guy and gals. Are you prepared for the future of decentralized global finance and blockchain governance? If not, well, it is advisable that you get that way quickly, because this global revolution will top anything we have ever seen, including the Internet itself.

If you position yourself ahead of this massive movement, you are in for the ride of your lifetime, and your finances could be where your dreams actually are, and then some. If you wait for the wave to pass, you could find yourself paddling harder than ever just to get to shore.

In the coming weeks, we will be educating you in everything you need to know about this coming wave in order to position yourself just right. As many of you already know, bitcoin began its rise to worldwide disruption in 2008 and rose from just a fraction of a penny to now around $750 each and steadily rising.

Of course, had you invested $5K to $10K in 2009, your investment would have made you worth hundreds of millions of dollars today. Do you think that would have changed your life some?

You may think you have already missed the boat, that the massive wave of higher than high earnings and the opportunity to invest at the forefront of this wave has already passed you by. Fortunately, nothing could be further from the truth. You are exactly where you need to be.

As with the Internet, it has taken some time for the world to grasp the scope and power of cryptocurrency, and for the technology to develop to the point where mainstream use and practical applications are both imminent and far reaching.

Our global financial world is about to take a whole new look and exist on a completely different platform. User friendliness and blockchain apps are now in a position like never before. Cryptocurrency is ready to go mainstream. Are you ready for the ride?

To get you ready, we will begin with an overview of bitcoin, the blockchain, how this all got started and most importantly, for you, where it’s all going. So be diligent and take the time to get educated now so you will be ready for tomorrow. And not only ready conceptually, but ready also to reach your financial dreams on top of the financial tidal wave of your life.

We will begin with some enlightening education about bitcoin itself, which of course, has made many multi-millionaires during its dramatic and turbulent rise to global awareness.

For those who didn’t invest when the time was right, it is almost too painful to think about missing out on opportunities of this magnitude. But like I said at the beginning of this article, the first wave in the set is not the biggest, an even bigger wave is coming in fast.

So take the time and get yourself ready. You will be so happy when your wave comes in and you are on top of it, riding all the way to financial freedom while the worldwide transformation unfolds under your feet. The best wave in cryptocurrency is still yet to come.

Enjoy this first step video and we’ll see you tomorrow as we build up to the big event.

James Wilfong
DAO Admin
MyCryptoWorld DAO

 

Thomas Prendergast

Digital Alchemy: The greatest opportunity is upon us.

Digital Alchemy: The greatest opportunity is upon us.

I turned 39 when I entered the Internet with my Mosaic browser, Macintosh  and experienced html 1.0 for the first time in 1992.

As it was with the Internet, (I was there at the birth) the pundits and critics claimed it was too complicated and would never succeed. It surged forward and changed the world, made many wealthy and laid the foundation for millions of new inventions. It certainly changed my life. I made a few million myself, but was quick to squander it in those early days.

It was at this frontier I built the first self-replicated website, the first online interactive application, the first self-replicating PDF and by 1996 had built the first automated marketing system, which had the first email auto responder, the first of what was called Traffic Portals and the first massive broadcaster (The Hammer) all of which was the foundation of what is known today as Inbound Marketing. I custom built (private labeled) these Automated Marketing “Social Networks” for over 70 MLM companies in the 90s.

Then came Google.

Like Search Engines and “nobody ever envisioned Google would crush Yahoo” and surge forward delivering more technologies and again changed the landscape of business.

I know I was there.

Next was the emerging Social Networks. Pundits claimed they would represent Web 2.0 and change the industry and become a trillion dollar industry and it did. First to claim notoriety was “MySpace” soon to be crushed by heavy weight Facebook. Imagine buying a piece of Facebook back then like Peter Theil did. He dropped $500k into FB and is now worth Billions. LinkedIn, Twitter, Pinterest, Instagram, Youtube all and mush more turned snot nosed visionaries into billionaires.

I know I was there.

My Bitcoin perspective goes way back to the beginning of the Internet. I remember folks saying the Internet was too complicated and would never really amount to anything. Perhaps many of you do as well.

Fast forward to 2009 and the birth of Bitcoin occurred. It had many ups and downs but it surge forward. If you or I had purchased $1000 worth of bitcoin in 2012 at.008 cents per coin, today that purchase would be worth $93 million today, cash, based on the USD.

It is now being projected Bitcoin will reach $1 million, PER COIN! Many experts agree: Raoul Pal (former GLG Global Macro Fund and Goldman Sachs funds manager) thinks Bitcoin could be worth $1,000,000 USD sooner than later.

Raoul Pal

raoul pal

The bitcoin future may be the greatest door to wealth ever.

Only education will direct us in the right direction.

So let us get educated!

Check the calendar for coming events.

Thomas Prendergast
Founder and CEO
Markethive Inc.

Thomas Prendergast

Bitcoin: The True Democracy – Stefan Molyneux and Jeffrey Tucker

bcBitcoin: The True Democracy
Stefan Molyneux and Jeffrey Tucker

Do you want the option to turn $50,000 into $3 million? Wait, and also received $100,000 in private stock in a rising emerging state of the art Market Network, and that $3 million potentially turning into billions within a few years even within one year?

Visionaries, Internet Geniuses, and Network Wizards will be hosting the next webinar where you will understand what the Brexit effect, the Trump effect represent in the economies of 2017 and how you could make a modest investment today and become a multi-millionaire next year.

If you had invested $50,000 into Bitcoin at its beginning you would be worth $4.8 billion today. That was the first wave of what is to become a series of waves each one a bigger wave than the last one.

We are now staring at the next wave. It is right in front of us.

The True Democracy how the Blockchain not only brings wealth to the common man and woman, it also prevents war. Because the blockchain ends usury and usury is needed to finance war. So the blockchain architecture ends the ability to wage war.

Stefan Molyneux (A brilliant and very nice guy) discusses why war becomes obsolete in the decentralized world of the blockchain.

Make sure to join our conferences, you can find the calendar for our meetings in our calendar here.

 

Join our Cybercoin Group here:
https://markethive.com/group/cryptocoin

Thomas Prendergast
Founder and CEO
Markethive Inc.

Thomas Prendergast

Blockchain opens 10 millionth bitcoin wallet after Brexit and Trump boost

fb thumbBlockchain opens 10 millionth bitcoin wallet after Brexit and Trump boost

London-based bitcoin wallet provider Blockchain has opened its 10 millionth digital wallet.

It comes almost two weeks after the company's cofounder and CEO Peter Smith told Business Insider the company would "pretty easily" have its biggest ever month for activity in November, following a surge in use after Donald Trump's shock election victory in the US.

He told BI shortly after the election: "People are basically hedging against economic instability. It's a worrying time to be holding a lot of British pound or if you're America — people flee to safe haven assets. Bitcoin is one of those."

Smith says in an emailed statement on Wednesday: "Hitting this milestone at this particular moment isn’t a coincidence. In the wake of the Brexit vote, the US Presidential election and a weakening Yuan, we have seen unprecedented levels of activity and transaction on our platform, which further suggests that people are embracing the need for a more globally accessible currency system, and one that does not exclude over one-third of the world’s population.

"We are excited to play such an important role in powering the world’s shift to a more open, fair and accessible financial system."

Blockchain lets people download software onto their computer that lets them open a digital wallet to store cryptocurrency bitcoin. The wallet, which lets people store their own bitcoin rather than hold it with Blockchain, can also be used to pay for things using bitcoin.

Blockchain employs around 25 people in London but also has offices in Luxembourg and New York. The company is the world's biggest provider of digital wallets for bitcoin, with over 50% market share, and processes over 150,000 transactions a day on average. It has raised over $30 million (£23.9 million) to date.

Original article found here:

businessinsider.com

BY

Thomas Prendergast