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My name is Jeffrey Sloe. I'm an Internet Marketing Advisor, SEO expert, and webmaster. My main goal is to help individuals learn the proper techniques to market on the Internet.

300000-Employee Giant Trials Bitcoin BTC Payments for Staff

300,000-Employee Giant Trials Bitcoin (BTC) Payments for Staff

Pay for Lunch at Deloitte with BTC. Wait What?

Oh, what weird times we live in.

As first spotted by The Next Web, Deloitte was reported by the Luxembourg Times to have embraced Bitcoin (BTC) in a really weird way: by announcing intentions to purchase their lunches in-office with the leading cryptocurrency. The “Big Four” (the named given to a group of four massive auditing giants) professional services behemoth, which sports some 300,000 employees in offices across the globe, is purportedly integrating such a payments system to gauge the viability of BTC, which is an asset that auditing firms have increasingly had to deal with over recent years.

The report barely went into depth on this matter. First off, which is the payment processor being used to transact payments? Secondly, will the BTC received be converted back into fiat? And lastly, are people in line going to have to wait until their transaction is finalized on the blockchain before they can get their grub?

But, the report seems to be bona fide.

The report did not mention how far this pilot extends to through Deloitte, which itself is a giant that has branches across the globes that are manned by tens of thousands, even hundreds of thousands of staffers. However, seeing that this is a pilot, rolling out Bitcoin cafeteria payments to support 300,000 employees may likely be tough to get right on the first try.

Big Four Goes Big On Bitcoin (& Blockchain)

Deloitte isn’t the only “Big Four” firm to have recently given Bitcoin a positive nod. Previously, PWC Luxembourg revealed in a press release that it is “stepping further into blockchain” by accepting Bitcoin payments from its clients starting on October 1st.

While it isn’t clear how much actual demand PWC’s Luxembourg division will see for this solution, it asserted that it believes in Bitcoin’s future, hence its decision to accept it as a form of payment.

They called the cryptocurrency a “symbol of a revolutionary payment model”, touching on its status as the “first peer-to-peer payment mechanism that cannot be compromised and is based on a decentralized trust model”. PWC Luxembourg also accentuated the potential of blockchain in today’s society, calling the “technology underlying cryptocurrency” a likely “medium to long-term standard in the economy”. John Parkhouse, the chief executive of the regional division, stated in a press comment that he believes blockchain technologies have the potential to allow for dramatic cost savings in business, improvement of social capital, and unlocking value “currently stuck in the economy”.

Original article posted on the EthereumWorldNews.com site, by Nick Chong.

Article re-posted on Markethive by Jeffrey Sloe

Visit MarketHive to learn more: http://markethive.com/jeffreysloe

Want to Win 100000 in Bitcoin by Eating Pizza? Here’s Your Shot

Want to Win $100,000 in Bitcoin by Eating Pizza? Here’s Your Shot

Pizza: A Bitcoin Staple

Pizza has long been an integral staple of the Bitcoin and cryptocurrency industry.

Back when Bitcoin was trading for literal cents, a computer programmer famously made the first real-life purchase with BTC, using 10,000 precious (then effectively worthless, as the market for them was so nascent) coins to purchase two pizzas from a user on BitcoinTalk, who ordered him Papa John’s. While 10,000 BTC was then chump change (then $40) for the programmer, Laszlo Hanyecz, that same sum of cryptocurrency is now worth some $100 million. Youch.

The trend of Bitcoin and pizza has continued years later. Earlier this year, Bitcoin payments upstart Fold recently released a fun portal based on the Lightning Network. Fittingly dubbed Lightning Pizza, it allowed consumers to purchase Domino’s with Lightning transactions, which are near-instant, effectively free, and (eventually) secured on-chain. Fold’s product lead, Will Reeves, told CoinDesk the following about his company’s newest venture:

“We’re trying to make bitcoin fun again and illustrate that lightning is at a point where it is mainstream-ready.”

And the crypto community celebrated.

Want To Win $100,000? First, Go to A Domino’s In France

The pizza motif has continued to make its presence known. As first spotted by Decrypt, the French branch of Domino’s Pizza is giving away $110,000 worth of Euros to celebrate its 30th birthday, giving customers of the chain a chance to win their prize in either fiat or Bitcoin. According to the website for this surprise competition, users will have a chance to enter into the draw from September 4th to October 6th.

The Importance of The Story

While some see the Bitcoin Pizza story as one that should be heeded as a warning not to spend BTC as a medium of exchange, some have begged to differ.

At an event in Los Angeles, Mati Greenspan, a lead analyst and cryptocurrency commentator at retail brokerage eToro, told a crowd that without Laszlo’s unfortunate run-in with pizza, “we likely wouldn’t be where we are today”.

Indeed, Laszlo’s showed the world — or all of BitcoinTalk at the time — that Bitcoin can actually be used as a medium of exchange, especially in a digital context.

While the dream of global payments hasn’t been had yet, with the CEO of Twitter even saying that Bitcoin currently isn’t equipped to become the Internet’s money, solutions like the Lightning Network are well on their way.

Original article posted on the EthereumWorldNews.com site, by Nick Chong.

Article re-posted on Markethive by Jeffrey Sloe

Visit MarketHive to learn more: http://markethive.com/jeffreysloe

Bitcoin Price Recedes to 10000 Analyst Expects Another 4 Drop

Bitcoin Price Recedes to $10,000; Analyst Expects Another 4% Drop

Bears Take Over Bitcoin Price

Sorry bulls, it seems that bears want to play now.

In the past few hours, Bitcoin has shed $400, printing large red candles on short-term price charts as bears managed to take control of the market. While Bitcoin is still up by 4% over the past week, it seems that bears have managed to kill the uptrend that brought BTC from $9,300 to $10,900.

As of the time of writing this, Bitcoin is trading at $10,100, which implies a 3% to 4% loss over the past day.

Analyst Financial Survivalism believes that the recent price unwind could result in further losses for the leading cryptocurrency. In a recent tweet, he noted that Bitcoin has just dropped below the lower bound of a low time frame symmetrical triangle, which has a measured downward move of $9,620. Since BTC has managed to close under the triangle, a strong collapse to the aforementioned level — some 5% lower than the current price — could be had in the coming day.

That’s not all. According to Bytetree, a crypto analytics firm, Bitcoin’s “fair value”, which is derived from its network effects and transaction values, is currently around $7,500, implying that the cryptocurrency’s premium is at around 35%. While there is unlikely to be a full retracement to that level, BTC always ends up interacting with its fair value in the long run. So should the lack of usage of the Bitcoin network continue, a further drawdown could be observed.

Altcoins Strong In Pullback

What’s interesting about this pullback is that while Bitcoin has shed 4%, altcoins have managed to outpace the market leader, even in a dump.

For those unaware, in all previous flash crashes seen over the past three months, Bitcoin managed to outpace its crypto ilk, often resulting in short-term BTC dominance surges.

This latest unexpected divergence could be seen as a sign that altcoins are starting a return to their former glory. And while some say that this fabled “altseason” is coming far too soon, the technicals support a recovery in the value of the cryptocurrency asset class against BTC.

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According to Bitcoin Bravado’s former lead analyst, Jack, selling altcoins at this point in time is nonsensical.

He argued that BTC dominance, which recently hit a two-year high, is poised to “fall off a cliff”, potentially to collapse back to the low-60s or mid-50s. Jack backed his point by citing the fact that the aforementioned metric is currently looking as it did prior to altcoin’s strong bounce in April of 2018.

Original article posted on the EthereumWorldNews.com site, by Nick Chong.

Article re-posted on Markethive by Jeffrey Sloe

Visit MarketHive to learn more: http://markethive.com/jeffreysloe

Investors Will Wake Up to Bitcoin at 1 Trillion Market Cap: Macro Investor

Investors Will Wake Up to Bitcoin at $1 Trillion Market Cap: Macro Investor

What Will Draw Investors to Bitcoin?

For the most part, investors abiding by traditional investment strategies have avoided Bitcoin like the plague. Legendary investor Warren Buffett, for instance, once called the cryptocurrency “rat poison squared”, later explaining that there isn’t much inherent value in the project. Other notable players in finance and politics, including U.S. President Donald Trump, have echoed this analysis, using phrases like “thin air” and “unbacked” to get their point across.

Unlike traditional stocks and assets, Bitcoin doesn’t provide a fixed yield, a dividend, or generate cash flow. And compared to traditional and modern fiat currencies, BTC isn’t backed by the power of a government or the scarcity of an underlying asset. The foreign elements of the cryptocurrency have thus led most traditional investors to cast it aside.

However, analysts are saying that investors may begin to flock to Bitcoin — if one requirement is fulfilled that is.

In a recent tweet, Dan Tepiero, the founder of investment fund DTAP Capital and co-founder of Gold Bullion International, argued that there is one thing that will drive investors to Bitcoin: a market capitalization of over $1 trillion, which BTC is still around 400% away from.

He wrote that if you boil down the demographics of the world’s largest money managers, you get “guys over 55”, most of whom he claims “can take the ‘leap’ to believe in the investment case for BTC as an asset”. But, once the cryptocurrency reaches the $1 trillion milestone, it may awake something in investors.

For those unaware, Tapiero is a global macro investor and hard money advocate that believes Bitcoin is seriously undervalued — being a secure network that can reach anyone with an internet connection. The investor made his case for the cryptocurrency in an interview with Real Vision, a finance media outlet run by some of the world’s largest fund managers and investors:

While a $1 trillion valuation for the world’s first cryptocurrency seems quite lofty, it may not be that far away. Twitter analyst PlanB’s seminal price model for Bitcoin, the stock-to-flow (SF) ratio model, has shown that after the May 2020 block reward halving, BTC’s fair market capitalization will swell to $1 trillion. This translates to $50,000 per coin.

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Why BTC?

So, what will draw investors to Bitcoin?

Well, to be frank, the first and foremost factor in getting traditional investors to allocate capital to this space is pure FOMO. We already saw this on a relatively small scale in 2017.

But also important is the fact that the leading cryptocurrency provides benefits in traditional portfolios. Delphi Digital, a crypto research outfit, found in late-2020 that “using a simple tiered-allocation analysis,” a portfolio that is made up of 57% stocks, 40% bonds, and 3% Bitcoin yielded the highest Sharpe Ratio (a popular measure of a portfolio’s risk-return potential).

Original article posted on the EthereumWorldNews.com site, by Nick Chong.

Article re-posted on Markethive by Jeffrey Sloe

Visit MarketHive to learn more: http://markethive.com/jeffreysloe

JP Morgan Expects US Dollar to Lose Traction: Boon for Bitcoin

JP Morgan Expects U.S. Dollar to Lose Traction: Boon for Bitcoin

Drop USD?

According to JP Morgan, the U.S. Dollar may be on its way out. This may be bullish for Bitcoin.

Jan Nieuwenhuijs, an analyst of gold, recently tweeted out a report from JP Morgan — one of the world’s largest banks. The jaw-dropping report revealed that the famous bank believes that the USD could “become vulnerable to a loss of value relative to a more diversified basket of currencies, including gold”. The bank’s analysts cite the “persistent and rising deficits in the U.S. (in both fiscal and trade.)”

Indeed. Forecasts currently chart America’s fiscal deficit to reach $1 trillion within the next decade. This could result in a relative devaluation against a diversified basket, as the bank writes, and may actually be a catalyst for the U.S. Dollar to start to recede as the world’s reserve currency.

JP Morgan’s harrowing report echoes comments made by Mark Carney, the head of the Bank of England — the monetary authority behind the Pound. As reported by Ethereum World News previously, the central banker said that the world is in need of an entirely new monetary and financial system, citing his sentiment that the U.S. Dollar-based system that exists today is quite archaic. In fact, Reuters reports that Carney said the USD is currently playing a “destabilizing” role in the world economy, citing the effects of globalization and trade spats.

He added that with the dollar being the de-facto reserve asset of the world, with USD being a primary settlement tool for international trade and central banks hoarding the currency, “developments in the U.S. economy, by affecting the dollar exchange rate, can have large spillover effects to the rest of the world.”

To Aid Bitcoin

According to Raoul Pal, this next global system will be a boon for Bitcoin and gold. The former head of Goldman Sachs’s hedge funds sales division and current Real Vision CEO explained that this new infrastructure, which will nearly definitely by digital, will act as an on-ramp for the cryptocurrency market.

Indeed, the wide adoption of a digital form of money will acclimate society to transition to Bitcoin and decentralized solutions, especially if governments are encroaching on the privacy and safety of citizens.

Original article posted on the EthereumWorldNews.com site, by Nick Chong.

Article re-posted on Markethive by Jeffrey Sloe

Visit MarketHive to learn more: http://markethive.com/jeffreysloe

Bitcoin to Continue to 20000 After Retracement to 9000s: Analyst

Bitcoin to Continue to $20,000 After Retracement to $9,000s: Analyst

Bitcoin Has Bottomed, Ready to Bound Higher

Once again, Bitcoin (BTC) has stagnated, finding a foothold around $10,000 for the umpteenth time in a matter of weeks. While this is a positive development, especially considering the bearish momentum seen last week, there remains some expecting for the cryptocurrency market to continue lower.

But, Murad Mahmudov of prominent crypto fund Adaptive Capital, which is run by the analyst, Willy Woo, David Puell, and Misir Mahmudov, has recently proposed that bears, not bulls, are finally losing grip of the crypto market.

In the below tweet, which Mahmudov posted on Friday, it was argued that $9,080, which Bitcoin hit a number of weeks back in a massive 35% retracement from $14,000, is the short-term bottom for this phase of the cycle.

In a tweet which he headlined “Contrarian view”, the former Goldman Sachs analyst explained that from how he sees it, Bitcoin is most likely to test $9,750 — the 0.618 Fibonacci Retracement of this whole cycle — in the following month in a bout of sideways price action, then “continue steadily upwards” to flirt with the $20,000 all-time high around the end of 2020.

He backed his prediction by looking to August 2016, when BTC was in a similar situation then as it is now: BTC had just rallied out of a bear market, but bears wanted one last hurrah. Then, Bitcoin tested its 0.618 Fibonacci Retracement prior to skyrocketing higher.

Also back in 2016, trend indicators, like historical volatility and the Relative Strength Index (RSI), hit certain levels that they are trending to at this moment.

And, to put a cherry on the cryptocurrency cake, the analyst recently noted that the Fishnet indicator (similar to the Guppy) is tightening as BTC has entered a wedge. This pattern was last seen in 2012 and in 2015/2016, back when Bitcoin was breaking out of bear markets. History repeating will see the cryptocurrency break out in the coming two months prior to commencing a grind higher.

Mahmudov’s analysis lines up with the thoughts of John Bollinger, which Ethereum World News reported on yesterday. As detailed by this outlet on Friday, the creator of the Bollinger Bands technical indicator stated that he is under the belief that Bitcoin and its ilk are “working on trying to forge a short-term tradable bottom”.

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Bollinger stated that while the bottoming “process is [not] completed yet,” he is currently eyeing a range of “someplace between $10,000 and $9,000” for BTC to find a low.

Original article posted on the EthereumWorldNews.com site, by Nick Chong.

Article re-posted on Markethive by Jeffrey Sloe

Visit MarketHive to learn more: http://markethive.com/jeffreysloe

Bank of England Admits Crypto is the Future US Dollar to Fall

Bank of England Admits Crypto is the Future, U.S. Dollar to Fall

Crypto is here to stay and the greenback is on its way out. That was the sentiment portrayed by the Bank of England’s Governor, Mark Carney, at the central bank meeting in Jackson Hole, Wyoming on Friday. Crazy, right?

Crypto a Topic at Central Bank Meeting

Over the past few days, the leaders of the world’s economy, the chiefs of and advisors to central banks the world over, have descended in a little town in (the pro-blockchain state) Wyoming, Jackson Hole. Financial media is also in attendance. There, these world monetary leaders are convening to talk about monetary policy and macroeconomic trends. This comes at an important time, as a growing number of Wall Street analysts and retail investors have begun to call for a recession, just as trade wars have raged and central banks have embarked on money printing sprees.

One interesting comment came from Mark Carney of the Bank of England, According to a report from Bloomberg, the leading central banker said that a Libra-like crypto asset has the capacity to replace the U.S. dollar as the world’s reserve currency. In other words, he’s saying that a digital asset backed by a diverse range of government assets, including bonds and fiat monies, has the potential to usurp the world’s go-to currency.

While he wasn’t exactly specific with his comment, Carney made it clear that the current system isn’t working in his eyes, saying that “in the longer term, we need to change the game”.

Of course, he didn’t explicitly say that a decentralized crypto asset is the future. But, the sentiment that a digital currency has the ability to literally overtake the world’s economy shouldn’t be taken lightly, even if it was made in reference to something as seemingly centralized as Libra.

t is important to note that if a consortium of central banks do go ahead with a Libra-like project, it is unlikely to be as corporate or decentralized/uncontrollable as Facebook’s David Marcus claims Libra will be.

Not His Only Interesting Comment

That wasn’t his only interesting comment. According to the same Bloomberg report, the U.K. monetary leader also stated that he believes the world is currently seeing “heightened economic policy uncertainty, outright protectionism and concerns that further negative shocks.” If you believe that Bitcoin is a proper store of value or safe haven/hedge, this comment should be seen as bullish for the “orange coin”.

Original article posted on the EthereumWorldNews.com site, by Nick Chong.

Article re-posted on Markethive by Jeffrey Sloe

Visit MarketHive to learn more: http://markethive.com/jeffreysloe

Gain Strength as You Age

Gain Strength as You Age

If you're getting older and feel you're loosing strength, there's help to get you started on reversing that process. There is a product, MyoHealth, with a US-patent, which contains an Essential Amino Acid complex, "clinically proven to support strength and function."

Dr. Robert Wolfe led the clinical trials on MyoHealth which was "initially developed to stop, restore and prevent muscle loss in astronauts and bed ridden seniors." Those clinical trials have proven that, through the process of stimulating the protein synthesis, it does "support strength and function.".

"With 25 independent, human clinical studies and $20 million in research combined with findings from NASA and National Institutes of Health, Myohealth contains the right balance of essential amino acids to help you reverse and prevent muscle loss."

Content and quotes courtesy of TriVita's MyoHealth.

Visit MarketHive to learn more: http://markethive.com/jeffreysloe

Bitcoin Bleeds Out 6 Falls to 10500: Case for Bounce Growing

Bitcoin Bleeds Out 6%, Falls to $10,500: Case for Bounce Growing

Bitcoin Sheds 6%

Over the past few days, bears have managed to wrest the wheel of the proverbial Bitcoin car from bulls. And since then, this class of investors has been driving BTC off a cliff.

As per the time of writing this article, the cryptocurrency has found itself changing hands for $10,560 apiece, having shed 6% of its value in the past day. Data from Coin360 suggests that Bitcoin is down around 11% in the past week, marking one of the larger weekly losses in this bull market.

This dramatic move lower comes shortly after countless cryptocurrency investors on Twitter were calling for bulls to commence their next leg to the upside. In fact, just the other day, an analyst from Goldman Sachs — the world-renowned investment bank — eyed a “short-term target at $13,971” for BTC. Should the cryptocurrency encounter that level, that would mark a double top, as $14,000 is where Bitcoin reversed in late-June.

The analyst continued, writing that Bitcoin’s potential move to tap $13,971 may be the “first leg of another five-wave count similar to the trend that lasted from December 2018 through June 2019.”

And thus, they advised their clients to buy any retracement from their aforementioned short-term target, barring that BTC “doesn’t retrace further than the $9,084 low.”

BTC Likely to Bounce

While the drop may seem like it has no end in sight, analysts are starting to expect a bounce — at least one in the short term. Analyst Crypto Hamster recently explained that Bitcoin’s recent drop reminds him of BTC’s drop in late-2018 to $3,000 from $6,000. In other words, a bounce may ensue in the coming days.

He explained that structurally, the moves look similar. The legs lower are losing momentum, as marked by declining volumes; the RSI, Stochastic RSI, and MACD histogram hit “extreme lows” and have started to print bullish divergences; the biggest sell volume occurred a while before; sentiment is overly bearish. This may imply Bitcoin could soon see a relief bounce.

That’s not all. The Bitcoin Fear & Greed index has reached the December lows. The indicator, which aims to measure how the market is feeling about BTC’s price action, reads an 11 — “extreme fear”.

According to the makers of Bitcoin Fear & Greed Index, a bounce — a short-term one at least. A description of the index from the website reads:

“The crypto market behavior is very emotional. People tend to get greedy when the market is rising which results in FOMO. Also, people often sell their coins in irrational reaction of seeing red numbers. Extreme fear can be a sign that investors are too worried. That could be a buying opportunity.”

Indeed, the last time the index had such a low reading, Bitcoin bounced higher in the weeks that followed. In fact, when this indicator last flirted in the low 10s, BTC gained 20% in the weeks that followed.

Original article posted on the EthereumWorldNews.com site, by Nick Chong.

Article re-posted on Markethive by Jeffrey Sloe

Visit MarketHive to learn more: http://markethive.com/jeffreysloe

Tim Sales’ Straight Talk: You’re Brainwashed

Tim Sales' "Straight Talk": You're Brainwashed

This week he's going to expose yet another example of how competitors try to poach network marketers by badmouthing the industry and name-calling.

These guys are out there pretending to be haters for the purpose of getting traffic and eyeballs over to them, so that they can sell you their product instead.

Click to watch Straight Talk: You're Brainwashed!

Tim Sales video preview:

Notice the emotional language they use to elicit a reaction:
    – You feel so dirty, like you need to take a shower
    – Like a cheesy salesman
    – Drag family and friends to your meeting
    – You've gotta pounce on people
    – Brainwashed
    – Everyone is a potential recruit

I'm exposing their technique, because it's time someone stood up and pushed back on those who would seek to badmouth and criticize this industry.

I'm not brainwashed because I'm in business. And I'm not brainwashed because I'm in a network marketing business.

There is a professional way to do business, and there is a sleazy way to do business, and you are the one who must decide how you run your operation.

As for me and my team, we will always keep it professional. In fact, today I'll share a little bit of my "Inviting" formula that I personally use, which I learned from Tim Sales.

Link to Tim Sales' video on YouTube: https://youtu.be/1mHghm9S3rU

This article has been modified from an email that I received from Tim Sales. After being modified, it's been posted on Markethive by Jeffrey Sloe

Visit MarketHive to learn more: http://markethive.com/jeffreysloe