Bitclub Network besitzt einen der größten Bitcoin Mining Pools der Welt

Denk an die Zukunft…

Bitclub Network besitzt einen der größten Bitcoin Mining Pools der Welt und produziert / unterstützt neben Bitcoin auch Ethereum, Ethereum Classic, Monero und ZCash. Zudem besitzt dieser auch seine eigene Kryptowährung: ClubCoin.
Der Bitclub hat das Ziel ein Globalplayer der Kryptowährungen zu
werden, so wie Google es für das Internet heute ist. Und DU kannst ein
Teil davon werden!

Mining Pools sind Geld-Druck-Maschinen!

  • Einmaliger Mitglieds-Beitrag: $99
  •     Bitcoin Mining Pool Anteile ab $500
  •     GPU Mining Pool Anteile ab $1000
  •     Täglicher Bitcoin/GPU Ertrag 0,15% – 0,4%
  •     Anmeldung ist vollkommen kostenlos!

Vor 30 Jahren, kannten nur sehr wenige die Technologie Internet, heute ist ein Leben ohne kaum vorstellbar.Vor 25 Jahren hatte jeder Autofahrer dicke und große Landkarten im Auto, um die Route zu verfolgen. Heute nutzen wir Navigationssysteme.

1973 wurde das erste Handy auf dem Markt vorgestellt, heute nutzen wir Smartphones.

Vor 30 Jahren schrieben wir Briefe um Nachrichten zu schicken. Dies dauerte oftmals mehrere Tage. Heute senden wir E-Mails und nutzen Chatprogramme inkl. Videochats.

Viele Menschen weltweit haben keinen Zugang zu einer
Bankkonto. Nun haben Sie die Chance, Ihre eigene Bank zu sein. Wir
können alle unsere eigene Bank sein!

Früher zahlten wir mit Gold und Silber, aktuell mit Papier und
Plastik. Was wird wohl in den nächsten 30 Jahren mit Bitcoin und anderen
Kryptowährungen passieren? Erkennst du die Chance?

Für die meisten Menschen ist das Mining von Bitcoin und co
etwas mysteriöses, weil es gerne auch als eine digitale
Geld-Druckmaschine bezeichnet wird. Die speziell dafür entwickelte
High-End-Computerhardware, so genannte „Miner“, steckt man vereinfacht
ausgedrückt einfach in die Steckdose und verbindet sie per Datenkabel
mit dem Mining-Netzwerk.Da Bitcoin eine dezentrale Währung ist, gibt es keine Banken oder
Zentralbanken, die Transaktionen verifizieren. Dies erledigen unsere
Hochleistungscomputer, indem Sie Transaktionen zu Blöcken bündeln (daher
auch der Name Blockchain (BLOCK-Kette)) und diese dann in die
Bitcoin-Datenbank eintragen und mit allen Rechnern weltweit, die am
Netzwerk angeschlossen sind, synchronisieren.
Da diese Arbeit sehr viel Strom und Energie kostet, werden alle
Miner, die am Netzwerk angeschlossen sind mit neuen Bitcoins belohnt,
die durch das Netzwerk automatisch ausgeschüttet werden. Jedoch kann
diese Anzahl der neuen Bitcoins nicht verändert werden, da diese fest
vorgeschrieben sind.

BitClub Network produziert nicht nur Bitcoins

Eine weitere Besonderheit des BitClub ist, dass neben dem Mining von
Bitcoin auch alternative Kryptowährungen generiert / unterstützt werden:

ETHER (ETH) – ZCASH (ZEC) – MONERO (XMR) – ETHEREUM CLASSIC (ETC)
Alle Kryptowährungen können jederzeit in die gewünschte Landeswährung
umgetauscht oder mittels Prepaid Kreditkarte, als Zahlungsmittel
genutzt werden.

Salopp formuliert wird durch den Einsatz von
Hochleistungs-Computer-Hardware, digitales Geld produziert, das weltweit
als Zahlungsmittel genutzt werden kann. Der BitClub gehört zu den
profitabelsten Bitcoin Mining Pools überhaupt und ermöglicht es, schon
ab lediglich 599 US-Dollar (inklusive einmaligem Mitglieds-Beitrag), an
den Mining Erträgen aller Mitglieder zu partizipieren.
Das ist weltweit nahezu einzigartig, denn bei den meisten anderen
Mining-Pools musst du deine Hochleistungsrechner zu Hause laufen lassen
und dich dem jeweiligen Mining-Pool anschließen.

Bitcoins zu Hause minen … sehr unprofitabel

Der Eine oder Andere wird sich, an dieser Stelle, vielleicht fragen,
ob es nicht wirklich Sinn macht, Bitcoin-Mining-Hardware zu kaufen, zu
Hause anzuschließen und eigenständig Bitcoins zu schürfen. Anders herum
gefragt: Warum sollte man sich eigentlich einem Mining Pool anschließen?
Wenn man, als Einzelner, Bitcoin Mining betreibt, so muss man wissen,
dass die Hardware Tag und Nacht, durchgehend, laufen muss, um überhaupt
eine Chance zu haben, einen Block zu treffen und Bitcoins zu erhalten.
Die hohe Rechenleistung der Hardware, sowie die erforderliche Kühlung,
verursachen hohe Stromkosten. Die Wirtschaftlichkeit, sprich die
Aufrechnung von Kosten und Nutzen, ist in der Regel ungenügend.
Hinzu kommen die, nicht unerheblichen, Anschaffungskosten für die
Mining-Hardware selbst. Darüber hinaus ist man völlig auf sich alleine
gestellt, das heißt man versucht eigenständig einen 6-er im Lotto zu
treffen, statt sich einer effektiveren Tipp-Gemeinschaft anzuschließen.
Hält man sich diesen sinnbildlichen Vergleich weiter vor Augen, so
kommt man schnell zu dem Resultat, dass es weit sinnvoller und
effektiver ist, sich mit tausenden Minern zusammenzuschließen
(Pool-Bildung), somit die Chancen erheblich zu erhöhen und immer am
Ertrag beteiligt zu sein. Das ist vergleichbar mit dem Musketier-Motto:
„Einer für Alle, Alle für Einen“.

BitClub Network gehört schon seit 2014 zu den offiziell
größten Bitcoin-Mining-Pools weltweit und verfügt über rießige Mining
Pool Anlagen (auch Mining Farm genannt), vor allem in Island.

Durch die rapiden ansteigenden Mitgliederzahlen, konnte der BitClub
die Rechenleistung des Bitcoin Mining Pools innerhalb 1,5 Jahre, von 11PH (Peta-Hash) auf 300 PH
ausbauen (Stand August 2017). Durch das stetige Wachstum des BitClubs,
wird die Mining Farm kontinuierlich mit der neuesten Hardware
aufgerüstet. Aktuelle Hashrate des Bitcoin-Mining-Pools 
Von unabhängigen Seiten bestätigt gehört der BitClub zu den größten Mining-Pools der Welt. Siehe hier. Diese Statistiken lassen sich nicht fälschen, da die Statistik darauf beruht, wie viel Blöcke pro Tag gefunden wurden. Um Blöcke zu finden bedarf es diese massive Computerpower!

BitClub Network erzeugt im Durchschnitt zwischen 1% und 5% der täglich, weltweit, geminten Blöcke. Das bedeutet das pro gefundenem Block aktuell 12,5 BTC vom Netzwerk an Bitclub Network gesendet werden. Wallet-Adresse BitClub Network

 

BitClub Network (auch kurz BCN genannt) gehört wie schon erwähnt zu den weltweit größten Bitcoin Mining Pool Anlagen.
Wie es der Name schon sagt, handelt es sich bei BCN um einen CLUB, also
quasi einen Verein. Der große Vorteil eines solchen Clubs ist, dass
alle Gewinne und Erträge, die aus der gemeinschaftlichen „Tätigkeit“ und
dem Mining entstehen, auf alle Mitglieder, zu gleichen Anteilen,
aufgeteilt werden.
Während in vielen Unternehmen große Summen für Managergehälter
gezahlt werden, und Arbeiter „klein“ gehalten werden, profitiert jedes
Bitclub Network Mitglied gleichermaßen und ist gleichzeitig aktiv am
stetigen Wachstum des Clubs, sowie der Bitcoin Mining Pool Anlagen
beteiligt.
Bitclub Network verfügt obendrein über eine eigene Kryptowährung, den
so genannten ClubCoin, der bereits seit Anfang 2016 an „Krypto-Börsen“
gehandelt wird und eine enorme Wertsteigerung verzeichnet.
Alle bestehenden Mitglieder von BCN sind durch den Erwerb von Mining
Pools, automatisch auch am Unternehmen COINPAY beteiligt, welches in
Kürze als neue und innovative Bezahl-Plattform, für die Kryptowährungen
Bitcoin und ClubCoin, den Markt erobern wird.Die Vorteile des BCN können nur aktive Mitglieder nutzen. Eine aktive
Mitgliedschaft kostet einmalig 99 US-Dollar. Diese, relaltiv geringe,
Mitglieds-Gebühr dient, in erster Linie, dazu, das Technik-Personal für
die Wartung (Betreuung) und stetige Aufrüstung der Bitcoin-Mining-Farm
zu bezahlen.
Gleichzeitig müssen auch Supporter und Programmierer, welche u. a.
das persönliche Backoffice aller Mitglieder, sowie die Online-Plattform
selbst, verwalten und aktuell halten, entlohnt werden. Im persönlichen
Backoffice hat man, übrigens, jederzeit den Überblick über die Erträge
seiner eigenen Bitcoin Mining Pool Anteile sowie über Provisionen und
weitere, umfangreiche, interne Informationen was BCN betrifft.

 

Wie hoch ist die Rendite?
Diese Frage ist sehr schwer zu beantworten, da sehr viele Faktoren eine
Rolle spielen. Keiner kann vorhersagen, wie viel Blöcke pro Tag gefunden
werden. Somit schwankt die tägliche Ausschüttung an Bitcoins natürlich
auch, da der BitClub nur das an die Mitglieder heraus gibt, das
tatsächlich generiert wurde. Darum wird niemals eine bestimmte Rendite
versprochen.Nur Bitcoins kaufen auch eine Möglichkeit?
Man kann Bitcoins auch einfach nur kaufen und liegen lassen und warten
das der Wert steigt. In dieser Zeit vermehren sich die Bitcoins auf dem
Wallet aber nicht.
Beispiel:
Nehmen wir mal an Sie kaufen aktuell 1 BTC (4000$) und kaufen für 3500$
(0,84 BTC) Mining Pool Anteile. Dann haben Sie womöglich nach 1000 Tagen
3 BTC oder mehr. Somit hätten Sie passiv ohne Arbeit 12.000$ verdient.
Experten sehen den Bitcoin aber bei 10.000$ und höher …
KEINE GARANTIE!

++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
Ein früherer Goldman-Sachs-Manager sagt:
Jetzt auf Bitcoin zu wetten ist wie in den 90ern auf das Internet setzen

+++++++++++++++++++++++++++++++++++++++
Mining ist DIE Möglichkeit des 21.Jahrhunderts,
um
an einem dezentralen Kapitalsystem zu partizipieren, welches in den
letzten 12 Monaten eine atemberaubende Performance hingelegt hat.
Wie auch Du davon profitieren kannst, erfährst du hier
https://markethive.com/magistral/page/bitclubnetwork

 

Bitcoin Has Power to Break People Out of Poverty, Current System Broken

Bitcoin Has Power to Break People Out of Poverty Current System Broken

Bitcoin Has Power to Break People Out of Poverty, Current System Broken

Can Bitcoin help people break out of poverty? What if we could build a financial system with Bitcoin that would lead to a more equitable and fairer society?

Bitcoin has been around for nearly a decade now and it has survived many doomsday predictions regarding its demise. It has grown to become an accepted medium of transferring money, it has also been recognized as a currency in some countries like Japan.
 

Why is the existing system broken?

The present financial system is supported by large-scale financial institutions that provide financial services. This means banks, insurance companies, credit card companies, housing finance companies, money transfer companies etc.

The problem is that while these businesses have existed for a long time, accessibility has always been an issue. According to the world bank, two bln people still do not have access to a bank account. Yet this present financial institution based payment system is stuck in an archaic era.

People are expected to use cash by withdrawing it from a bank account, they are supposed to deposit money physically at a bank teller or a machine and there are costs attached to just using and maintaining the system.
 

Digital is the answer

Digitalization and using modern technology like smartphones has many benefits. The World Bank Working Paper titled – The Global Findex Database 2014, Measuring Financial Inclusion around the World says:

“Moving from cash-based to digital payments has many potential benefits, for both senders and receivers. It can improve the efficiency of making payments by increasing the speed of payments and by lowering the cost of disbursing and receiving them.”

The report points out further that digital payments increase transparency of payments reduce leakages and provide a first entry point to a formal financial system.

 

The currency is the financial system

Bitcoin and other cryptocurrencies that have emerged have several advantages. Firstly they are digital. There is no cash to handle. You do not need vaults, armored cars or any of the other infrastructure that makes handling cash expensive.

Secondly, some cryptocurrencies have features like smart contracts built in, which can be used by people to conduct transactions securely with each other without the need for intermediaries institutional or otherwise.

As MIT Technology Review recently quoted Joi Ito, Director of MIT Media Lab as saying about Bitcoin:

“Whether you’re an individual trying to get access or you’re a pensioner with lots of money tied up in the market, you’re going through these intermediaries that don’t represent you very well. [Bitcoin] creates a much more level playing field, and hopefully, it will reduce the complexity of the financial system.”
 

The poor need to be unshackled

Regulatory hurdles need to be surmounted before digital currency can truly go mainstream, however, there is hope for the future as countries are getting around to the idea of Bitcoins becoming a part of the system.

There are advantages as well. Digital currencies are transparent and some currencies like Bitcoin offer a transaction ledger that is public. These currencies can help the poor gain freedom from cash which is money that offers anonymity to drug dealers, corrupt officials and others preying on them. Digital currencies also takes out the need for people living in remote areas to go to centers of population for making transactions.

Conversely, it also frees up financial institutions from having to put up infrastructure and staff in remote locations. Whichever way you look at it, the poor gain significant freedom from the advent and use of digital currencies.

David Ogden
Entrepreneur

 

By Shivdeep Dhaliwal

Visit the Kairos webiste https://cabinet.kairosplanet.com/register/#111b0e

Arbitrage – What it is and how it works

Arbitrage refers to the process of instantly trading one or more pairs of currencies or odds for a nigh risk-free profit.

Usually, this involves two exchanges (this is then called a two-legged arbitrage); although more are, of course, possible.

crypto currency arbitrage

There are several steps when executing an arbitrage:

Find a suitable opportunity
Execute trades
Rebalance accounts

Step 1: Find a suitable opportunity

This step is relatively easy. Simply check the order books of as many exchanges as you like, compare bids vs asks, and check if you can find a negative spread.

A small discourse into what a spread is

I will assume you're familiar with bids, asks and what an order book is – if not, you should definitely look up those first. As for the negative spread, I'll elaborate a bit more on that. The spread is what is used to refer to the difference between bids and asks – lowest ask – highest bid = spread. This should be (and typically is) a positive value, since the best bid at an exchange must be lower than the lowest ask of an exchange – otherwise the matching engine of the exchange would settle these orders automatically.

In a perfect world, all markets and all market participants would have the same information, hence all top bids and all top asks of all exchanges would be the exact same, after fees were applied.

If you've seen the recent US elections, however, you're probably aware that the world isn't perfect, though. Hence, not all participants of a market know the same thing as the others, resulting in bids at exchanges which are higher than the asks at other exchanges – and this is what is called a negative spread.

Step 2: Execute trades

Let's assume you've found an amazing opportunity at exchange A and exchange B – a negative spread of 100$!

Exchange A: Ask 1BTC@450$
Exchange B: Bid 1BTC@550$

Luckily, you have proper funding at both to match these instantly – but how do you go about doing that? Easy! Just place an order on the opposite side at each exchange with the quote's prices!

Exchange A: Place Bid of 1BTC@450$
Exchange B: Place Ask of 1BTC@550$

Since your placed order match an order on the opposite side of the book, the trading engine matches them and the trade is settled, leaving you with a theoretical profit of a smooth 100$! Why theoretically, you ask? I'll get to that point further below.

Step 3: Rebalance Accounts

Unfortunately, you were only able to trade once today, but hey! Tomorrow's another day – but in order to be able to properly trade, you need to even out your balances. Right now, your accounts look like this:

Exchange A: 2 BTC | 50$
Exchange B: 0 BTC | 1050$

Hence, you go about and send 1 BTC from Exchange A to Exchange B, and 550$ dollars to Exchange A from Exchange B. No magic here – all accounts are re-balanced and you're ready to make a fortune again, tomorrow.

Exchange A: 1 BTC | 550$
Exchange B: 1 BTC | 550$ 

Arbitrage – Why everyone's not doing it

This all sounded wonderful? That's exactly what I thought when I first set out with my own arbitrage bot. However, there a some technical aspects that can really turn a sunny day into a poopy rain on your parade.

Caveats and risks

1. It needs to be as close to real-time as possible

This is possibly one of the hardest things to get right, and also the most underestimated aspect of arbitrage in crypto currency. The markets, compared to ForEx trading, are ridiculously slow – at busy exchanges, there may be a couple of dozen trades executed. Which gives the illusion, that polling data for bots via the most common API type, RESTful, is enough to trade risk-free. This is a misconception. Maybe for today this may appear to be enough – but what if markets picked up the pace? just 1 trade (or simply a placed order) within one second can change your opportunity from profit to loss.

2. Always trade limits, never market orders

Under the aspect of being the fastest, it might seem like a good idea to use market orders in order to be settled asap – you'd be terribly wrong. As discussed above, your data could be as old as 1 second (with above mentioned one order messing up your opportunity) – perhaps someone cleared the entire top level and all you're left with is a bid for twice the price you intended. Yikes.

3. REST API call rates make your life hard

Many exchanges employ a API call rate limit – that is, you're allowed to query data at the exchange X times every Y seconds. The differences are wide and nearly every exchange does its own little thing when it comes to limits. The problem with them is, they severely limit your actions. If you don't constantly keep an eye on how often you send a request, you might run into the limit when it seriously counts – for example when you have to cancel an order, because you couldn't place its counter part at another exchange. Unfortunately, websocket APIs are still rare and their brother on steroids, FIX sockets, even rarer – leaving you stuck with the turtle of programmable interfaces.

4. Integration with APIs can be a nightmare

There is no unified, standard definition for what an exchange API can do, or what data it returns. Which technically wouldn't be a problem, if they were documented properly. Incidentally, the exchanges with seemingly many opportunities also have the worst documentation (take btc-e.com's Documentation for example – heresy!). Of course, also the opposite is true – GDAX, Kraken, Bitfinex all have excellent documentation. But nonetheless you have to dig through them to understand how they work, what their rates are, how they handle data types, authentication and so forth. That is, if they even mention anything about that.

5. Fees will minimize, if not eliminate your profits

In my above step-by-step guide, I purposely omitted fees of all kind. But of course, they're essential to successfully arbitraging. The most commonly known fees, are trade commission fees – these range anywhere from 0.1% to 0.6% and need to be considered in Step 1: Find a suitable Opportunity. On top come fees for deposits and withdrawals during Step 3: Rebalancing Accounts. Depending on your preferred pair, these may range from feasible (transferring crypto currencies usually is cheap enough) to quite steep. For example, a deposit / withdrawal at Bitfinex entails the following fees:

Bank wire withdrawal & Deposit: 0.1% of amount deposited/withdrawn, 20$ minimum
And this does not include processing fees of your house bank – for me, for example, that's an additional 10€ for deposits, plus a 1% conversion fee. If you do the math you'll quickly realize that you don't even have to bother starting to trade at Bitfinex, unless you have a really big stack to trade with.

But this does not just apply to BTC-Fiat pairs. Alt-coins suffer a similar fate. In order to make arbitraging worthwhile, you will have to have enough funds at as many exchanges to make trades AND re-balancing worthwhile. And this quickly gets to a point where you realize your last month's savings aren't equipped to get the job done.

To give you a further example on how fees affect your profits, let's take a look back at the example from step 2, this time factoring in all fees. I'll walk you through it. For the argument's sake, we'll pretend to be a european trading BTCUSD at Bitfinex (Exchange A) and Kraken (Exchange B).

Bitfinex: Ask 1BTC@450$
Kraken: Bid 1BTC@550$ These prices are raw- they do not include trade commission fees, not transaction fees. Let's add those….

We'll define a taker fee of 0.25% at both exchange – the taker fee applies whenever you remove liquidity from the order book. Next, let's add deposit & withdrawal fees to the mix. At Bitfinex, we pay a minimum of 20$ for each fiat withdrawal & deposit, or 0.1% of the moved amount (if its more than 500$). At Kraken, we pay 0.09€ per fiat withdrawal, deposits are free. In addition, btc withdrawals cost 0.0005 BTC at kraken, while Bitfinex charges no fees for this. Deposits cost nothing at both exchanges. Furthermore, we can't transfer fiat directly from exchange to exchange – an additional 10€ fee per sent out transaction needs to be facotred in, as well as 1% conversion fee whenever we receive or send fiat from our bank account (2 times total).

Let's list these fees to try and maintain an overview

  1. Profit from arbitrage (bid – fee – ask + fee )
  2. Withdrawal Fee Bitfinex (20$)
  3. Deposit Fee Kraken (0.0$)
  4. Miner Fee for withdrawal at Kraken (0.0005BTC)
  5. Transaction Cost of our house bank (10€) (Bank to Bitfinex)
  6. Conversion Fee of our house Bank (1% of transfer amount x 2)

Let's put some numbers to these:

  1. (550 – 550*0.0025) – (450 + 450 * 0.0025) = 97.5$
  2. Move ~497$ to House bank = 20$
  3. 0.0$
  4. 0.0005BTC * 500$ = 0.25$ # Assuming this is the end of day price of the coin
  5. 10€ * 1.05 = 10.05$
  6. (497 * 0.02) = 9.94$

Which brings us to net profit of: 57.26$ This translates to 42.74% reduction of your originally seen profit.

This is neither a worst, nor a best case scenario – it's merely designed to show you how many hidden fees are involved in an arbitrage. Also, keep in mind that a 22% arbitrage opportunity is practically non-existant.

As a matter of fact, had the spread been anything less than 40$, the fixed fees of our house bank and Bitfinex alone would have made our supposed arbirtrage opportunity a loss.

6. Volatility of coins is your enemy

"No matter where the market goes, arbitrage makes a profit anyway!"

This is true – if your currencies don't tend to drop or rise by 50% within 24 hours. Ideally, both currencies you trade in should be relatively stable, while still showing a certain volatility – no volatility would mean the chart is a flat line, resulting in no opportunities for you.

The problem with pure crypto currency arbitrage (LTCBTC), however, is that Alt-coins can go completely fubar – as opposed to a fiat-based crypto arbitrage (i.e. BTCUSD). A personal anecdote:

When ZEC launched, I was instantly fascinated at the terrible market efficiency and arbitrage opportunities of almost 5% regularly. Hence, I bought in at 1ZEC@1.2BTC, thinking this is probably where market will stay at (at least it's not as bad as the guy who bought a ZEC for 3k BTC). I started arbitraging and immediately increased the amount of ZEC I was holding – completely oblivious to the fact that since I started trading, the price had fallen to 1ZEC@0.1BTC. My ZEC was worth 90% less, and I lost almost half a bitcoin worth of money.

Some volatility is great for arbitrage – too much volatility isn't.

7. Exchanges aren't as technically robust as they ought to be

Most of the time, you will find that smaller exchanges offer opportunities more often than big exchanges. This is in part due to the previously mentioned slow movement of information, but also their (often significantly lower) trading volume. Initially, this may appear like a steal – but there's usually a reason that particular exchange only has the low volume it currently does.

In a time where any one in the world can open up an exchange running on his raspberrypi and Ethereum, trading on the more alternative exchanges can be a serious risk to your investment.

From things like DDOS attacks and overloaded matching engines not matching your orders, to more serious issues like stuck withdrawals due to too low miner fees, or even theft – and the latter is a very omnipresent issue not exclusively affecting small exchanges, as the Bitfinex Heist has shown this summer; the list of potential technical failures is long and you should be aware of these at all times.

Conclusion

I'm aware this answer is overtly negative – this was intentional. Arbitrage, as well as crypto currency in general, is not the quick buck everyone on forums and dubious sites advertising trading bots make you believe. While its inner mechanisms and workings are still quite cryptic* to even the most professional traders (sorry for the pun), even the fabled cryptographic adheres to some basic principles, afterall. The 'quick way to wealth' usually will just end up quickly making you wealthless.

Start by opening up some of the well known exchanges … do not use ones such as localbitcoins .. far too risky. A good one is OKCoin.com as they have a good verification system.

(*) Another great myth is that the chinese dictate the BTCUSD market. There is no empirical proven correlation between chinese and american markets. The only defacto correlation that has been found was that of google searches for bitcoin to btc trading volume – but whether this was positive or negative was inclusive.

If you believe that my message is worth spreading, please use the share buttons if they show on this page.

Stephen Hodgkiss
Chief Engineer at MarketHive

markethive.com


Visit the Kairos webiste https://cabinet.kairosplanet.com/register/#111b0e

Should You Accept Cryptocurrency In Your Small Business?

should you accept cryptocurrency in you small business

Should You Accept Cryptocurrency In Your Small Business?

 

Despite the controversy and challenges that occur — small-business owners are embracing cryptocurrencies, like bitcoin. The main reason, according to the more savvy entrepreneurial-types, is that by using the latest technology they can stand out from other businesses.

Does that mean that accepting cryptocurrencies is the right fit for your business? It actually depends on your business’s particular situation and needs, but for the most part, cryptocurrencies can offer the following advantage for business owners.

In years past U.S. merchants have had to pay over $78 billion in credit and debit card processing fees. Since cryptocurrencies are decentralized, meaning that they don’t require a bank to verify each transaction, you can eliminate those transaction fee which normally cost 2 percent up to 5 percent for each transaction.

In other words, it costs almost nothing for your customers to transfer funds to you. As for you — as a business owner — don’t have to share your hard-earned revenue with that third party financial institutions.

More privacy and security for your customers.

According to a research by Statista, 17 percent of shopping cart abandonment is over payment security concerns, with another 18 percent is due to excessive payment security checks.

With cryptocurrency transactions, customers don’t have to share personal data when making purchases because they rely on a send-only protocol, meaning that counterfeiting and identity theft are decreased because there aren’t any number for hacker to steal.

Transactions are processed quickly.

Waiting for a funds to become available in your bank account isn’t just frustrating, it can negatively impact your cash flow. That’s not the case with cryptocurrency transactions. In most cases, these transactions occur in real-time because there aren’t multiple banks holding-up the payment process.

Even if it’s not that quick — funds are typically available in just a couple of minutes.

It’s an international currency.

If your business exports goods and services, or purchases supplies or materials from other countries, then cryptocurrencies like bitcoin can help you get around those expensive foreign transaction fees, exchange rates, or currencies.

Since eCash, like bitcoin, is a global currency and it’s not tied to any single government or company. In other words, it ignores border restrictions. So as long as both parties accept bitcoin, you’re good to go.

No fraud, no chargebacks.

 

Cryptocurrencies are similar to cash, in that you either have it or you don’t and all transactions are final. This is because transactions are added to the blockchain via a complex system called mining.

This system verifies funds and makes it pretty much impossible to spend more than you own. Also, since both parties must approve the transaction, there aren’t any disputes to worry about it. This means that chargebacks don’t occur and are a thing of the past.

Acquire new customers.

There are serious die-hard fans of cryptocurrencies. Having your customers already familiar with cryptocurrencies is a plus and can be a major assist for your business since they actively seek out businesses that accept digital currencies.

Of course, that’s a niche market. However, as a general rule of thumb, when you offer more payment options the more customers you’ll be able to attract. In fact, it’s been found that up to 28 percent of shopping cart abandonment is caused by the lack of a payment option a shopper prefers to use.

We’re moving away from paper.

Both cryptocurrencies and digital wallets are continuing to grow. In fact, both the blockchain and bitcoin had banner years in 2016. Bitcoin was the top currency in 2016 and is being valued at around $1,000.

It’s expected this trend will continue in 2017 and and began a high growth beyond 2017 as people become more familiar with this digital currency.

Instead of resisting this change, it would make more sense for your business to become an early adopter and embrace cryptocurrencies so that you can set yourself apart from your competitors.

The bottom line.

While accepting cryptocurrencies can set you apart as an innovator and an early adopter of fintech. Cryptocurrencies are faster and cheaper than processing traditional payments, and are relatively secure.

As yet, cryptocurrency is not equally regulated. Some countries are working to restricted cryptocurrency use.

If is not considered as stable, yet. Cryptocurrency isn’t as regulated as the price of eCash and it can fluctuate suddenly.

Limited scaling. The system is designed to only process so many transactions at this time. However, the fintech revolution is solving many of the issues surrounding the scaling.

Lack of applications. There aren’t as many applications to process virtual currencies as compared to apps that can process credit or debit cards. However, several companies are in the race to come up with the MVP app for cryptocurrencies.

Security. While identity theft and counterfeit can be greatly reduced with this type of system, there’s no system in place to prevent human error, technical glitches, or fiduciary fraud. (Of course, there never has been anything to stop those very same issues in traditional banking, either. Cryptocurrency still remains the most secure banking method as a result of the blockchain process.)

Makes planning more challenging. Since cryptocurrencies are decentralized, and 100 percent digital, it can make preparing financial statements, determining taxes, and figuring out your prices difficult.

If you do decide to start accepting cryptocurrencies after weighing the pros and cons, you can easily get started by using digital wallets like Due and Coinbase.

There’s also POS systems like XBTerminal that allows customers to pay from any mobile bitcoin wallet by using NFC or QR code.

David Ogden
Entrepreneur

This article was originally published on Due.com.

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3 Simple Ways for Earning Cryptocurrency From Home

3 simple ways of earning cryptocurrency from home

3 Simple Ways for Earning Cryptocurrency From Home

Cryptocurrencies represent awesome payment systems that enable anyone to send and receive money to and from anyone in the world; convert it to fiat currencies easily and use it to buy whatever one might choose whether online or offline. However, one of the drawbacks of cryptocurrencies is that it can be somehow hard to buy them, especially in selected countries where it is difficult to open a bank account.

Throughout this article, I will show you three ways to make money online in the form of cryptocurrencies using just your laptop/PC and an internet connection:

1-Blogging on Steemit.com

Steemit.com is a blockchain based social network, that incentives its users for posting and curating (upvoting) content. On Steemit, you can make money online, in the form of crypto, for posting new content and/or curating (up-voting) the content of others. The social network has three forms of currencies/tokens:

STEEM: which represents a cryptocoin that is tradable on a number of exchanges such as Poloniex.

Steem backed dollars (SBD): whose value is linked to the USD. SBD is also tradable on cryptocurrency exchanges.

STEEM Power: which are influence tokens that give users control over the amount of earnings they gain by posting and curating content.

When you publish a post on steemit, you will receive rewards for it after 24 hours depending on the number of upvotes it received by other users, who create content. Your earnings will be divided into 3 portions

a. 50% will be in the form of STEEM Power

b. 25% will be in the form of STEEM

c. 25% will be in the form of SBD

STEEM and SBD can be instantly transferred to an exchange and sold for Bitcoin, while you can only convert STEEM Power to STEEM, to be able to sell it, through a complex process known as “Power Down”.

 

2- Mining Altcoins Via Minergate:

Even though I remember that I used to mine around 1 whole Bitcoin every 36 hours in 2010,using just my PC, it is now impossible to mine Bitcoin and most major altcoins using a PC, as the networks of all these coins have grown massively and their networks’ difficulties have skyrocketed too. However, there are a handful of altcoins that you can still mine using a PC with reasonable specifications.

Minergate provides a descent service that enables you to mine a number of altcoins using your PC or laptop including Monero, bytecoin, Ethereum, Ethereum classic and others. The software also has a great option; “Smart mining”, which automatically picks up for you the best coins to mine according to market prices and network difficulties.

With a few clicks, you can download, install and start mining cryptocurrencies using your laptop. The higher the specifications of your PC (processor, RAM) and GPU, the bigger the amount you can make via Minergate’s mining software. Roughly speaking, a dual core i5, 8 GB RAM PC with a 1 GB Nividia Geoforce GPU can mine what is worth around 10 cents per day.

 

3- Donating your PC processing Power for Gridcoin GRC:

Gridcoin Research (GRC) is a cryptocurrency network that is created to facilitate multi-party computing and reward volunteers who donate their computing power to BOINC projects with GRC. You can make between 8-30 cents per day via donating your PC’s processing power to the gridcoin network.

Follow the BOINC client and gridcoin installation guides on gridcoin’s official website and in less than 20 minutes, you will be earning gridcoin for donating your computer’s processing power.

 

David Ogden

Entrepreneur

 

Author Dr Tamer Sameeh

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Cryptocurrency exchange Kraken adds Dash to Listings

cryptocurrencey exchange kraken adds dash to listings

Dash, the fifth most valuable cryptocurrency by market cap, has announced its partnership with Kraken Digital Asset Exchange – one of the world’s oldest bitcoin exchanges with the largest selection of digital assets and national currencies.

The partnership comes in the wake of a record surge for the cryptocurrency, which experienced a 6x increase in price per ($11 to $72 USD) and a 10x increase in trading volume ($3 million to $30 million USD) across Q1. Dash is now open for trading on the platform with buy and sell pairings including DASH / EUR, DASH / USD, and DASH / BTC. Kraken is expected to offer Dash margin trading in the near future, the release said.

“Kraken is excited to offer Dash on their trading platform and our teams are working closely to ensure clients can begin trading the currency immediately. Kraken is an incredibly well established and well structured organization, and amongst the best in the exchange business. In terms of reputation, they represent the highest standard for client satisfaction. Dash is a project that has implemented very original ideas that resonate well with the market, and as a top tier exchange, Kraken’s mission is to provide clients with access to digital currencies that are in demand and provide value”, Dash VP of Business Development, Daniel Diaz, said.

Following several business partnerships around the world, the implementation of the Sentinel software upgrade and the announcement of revolutionary decentralized payments system called Evolution, Dash has been on record breaking trajectory. Its total market cap skyrocketed from $78 million USD (January 1st) to an all time high of $835 million USD (March 18th), with new international markets unlocked alongside user demand.

“As the leading exchange in the Euro market, Kraken’s global reach helps Dash successfully meet the needs of our users and investors. The entire integration experience was very positive and we have high expectations for the partnership going forward. This is a significant achievement for Dash because our ecosystem needs high quality and trustworthy exchanges like Kraken to thrive, and we know they will play an important role as a fiat gateway”, Diaz continued.

Founded in 2011, Kraken Digital Asset Exchange is based in San Francisco, with offices around the world. Trusted by hundreds of thousands of traders, institutions, and authorities, including Germany’s BaFin regulated Fidor Bank, Kraken is the first exchange to display its market data on the Bloomberg Terminal, pass a cryptographically verifiable proof-of-reserves audit, and one of the first to offer leveraged margin trading. Kraken investors include Blockchain Capital, Digital Currency Group, Hummingbird Ventures, Money Partners Group, and SBI Investment.

David Ogden
Entrepreneur

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Bitcoin Steams Ahead

Bitcoin Steams ahead

Bitcoin Steams Ahead

Cryptocurrency enthusiasts will have noticed that bitcoin’s price has been going up steadily over the past few days. It is always difficult to pinpoint the exact reason for this behavior. Japan’s new cryptocurrency regulation went into effect, and there is a big bitcoin marketing campaign on the /r/place subreddit. Both factors may contribute to future bitcoin price gains moving forward.

BITCOIN PRICE PREPARES FOR ANOTHER MAJOR RALLY

It is impossible to deny the recent bitcoin price gains. Over the past few days, the value per BTC has surpassed US$1,100 once again, after a few weeks of downward price momentum. Enthusiasts always believed this negative price trend was only temporary, though, as there is no reason for the bitcoin price to lose value over time.

That being said, the ongoing scalability debate hasn’t done the bitcoin price any good. Bitcoin Core and Unlimited supporters continue to “duke it out” on the internet, which generates some negative attention for the popular cryptocurrency altogether. However, it would appear even those debates are no longer sufficient to keep the bitcoin price down for an extended period of time.

It is also worth mentioning there is some positive attention on bitcoin right now. Japan recently introduced their new virtual currency regulation, which effectively removes the sales tax on bitcoin purchases. This makes bitcoin more approachable and affordable to everyday consumers in the country. Regulatory developments like these can pave a bright future for bitcoin moving forward.

Moreover, there is a dedicated bitcoin marketing campaign taking place on the /r/place subreddit. Reddit remains a key place to discuss bitcoin and other cryptocurrencies. Advertising on other subreddits will introduce more mainstream internet users to cryptocurrency as a whole, which can only be a positive thing in the long run. The bitcoin logo is getting some good exposure on this subreddit, that much is certain.

David Ogden
Entrepreneur

 

Author JP Buntinx

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Bitcoin wobbles as traders turn to other cryptocurrencies

bitcoin wobbles as traders turn to other cryptocurrencies

Bitcoin wobbles as traders turn to other cryptocurrencies

Bitcoin wobbles as traders turn to other cryptocurrencies

It's been a volatile period for Bitcoin investors, as holders of the cryptocurrency prepare for a potential 'fork' in the blockchain.

From Friday morning until Monday afternoon, Bitcoin was trading under the $1,000 level, and even fell beneath $900 on Saturday. This is significant as, barring the weekend of March 18 and 19, Bitcoin has traded above $1,000 since early February and hit a fresh all-time high of around $1,325 on March 10.

Bitcoin is currently back above the $1,000 handle, but is well off these recent highs, wiping billions off of its market cap value.

There are several causes for the recent volatility: Chinese regulators cracked down on Bitcoin exchanges, while U.S. authorities rejected a proposal for a Bitcoin-backed exchange-traded fund (ETF). The current concern is over the future of the Bitcoin technology.

Bitcoin faces a scaling issue, where the number of Bitcoin transactions that can happen on the blockchain at any one time is limited. This is creating a backlog of transactions that are needed to be processed and slowing down the system.

A group called Bitcoin Unlimited advocates for increasing the size of the blocks on the blockchain in order to process more transactions, but this has split the community. To increase the block size would involve splitting the blockchain, causing a fork and creating two major blockchains. This would effectively create two different coins and it's not clear which would become dominant.

As a result, investors are hedging their bets or selling out of Bitcoin, waiting to see whether or not the fork will happen, and if so, which blockchain will be favored by the market.

Data from Bitfinex indicates around 49 million more coins have been sold than bought, or roughly 5 percent of total coins traded, in the last 30 days. Through March, the number of long Bitcoin positions held by investors has decreased from 26,858 to above 23,142, while the number of short positions has increased from 9,820 to 14,731.

Meanwhile, the market cap of blockchain assets other than Bitcoin, such as ether, dash and monero, has more than doubled since March 10 from $3.5 billion to more than $7 billion, according to Chris Burniske, blockchain products lead analyst at ARK Invest.

"At the same time, Bitcoin's market cap has gone from $19 billion to $16 billion. Hence, Bitcoin's market cap has lost $3 billion in value while the combined market cap of all other blockchain assets has added more than $3 billion," he told CNBC via email.

"Given these market indicators, it would appear investors are diversifying their blockchain asset holdings, positioning themselves for a generally rising tide in this emerging asset class."

Whether or not the fork happens is hard to tell, but it may harm Bitcoin's brand, according to Jani Valjavec, co-founder of ICONOMI, a digital asset management platform for cryptocurrencies. Valjavec argues the brand is the main thing behind Bitcoin's value.

"It has wide acceptance now, real world use cases, it can be a great store of value, and it is currently trusted by the community. Our understanding is that a hard fork, instigated by two parties with very competing interests, will primarily weaken the brand," he told CNBC via email.

"The next biggest brand in the distributed economy is Ethereum, and that's why we believe it will benefit the most."

However, Fran Strajnar, co-founder & CEO of data and research company Brave New Coin, says the market is still within the parameters of a Bitcoin bull cycle.

"The proposed contentious fork is unlikely but better to happen now than in the distant future. We would end up with the original Bitcoin and remaining miners activating segwit (a well-designed package of system upgrades) and a new, much smaller, privatized alternative version of Bitcoin," he told CNBC via email.

"The sum result of all the network fork (fear, uncertainty and doubt) is we are seeing investors hedge by buying into ether. We expect a price drop if there is a fork but a similar outcome to Ethereum, where the long term market capitalization increases for both assets."

David Ogden
Entrepreneur

 

Luke Graham

 

 

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Trade Coin Club? (No Thanks)

 

 

 

 

 

 

 

 

Trade Coin Club?
(Not with a 10 foot pole!)

There are several digital currency 'deals' going around right now. Some of them are being touted more successfully than others and some might be more legitimate than others.

But some are clearly very suspicious looking if you look at them closely at all. One such deal is Trade Club Coin (TCC).

But don’t believe me. I’m not the only person who thinks so. Just take a look at the

this article recently appearing in in BehindMLM.com which calls TCC an “exchange club ponzi”.

Every cautionary admonition in that article makes total sense to me. Every post-game bad report that I wrote about MLM scams, crypto and otherwise, while I used to write for an MLM online magazine mentioned all the signs of a scam that I see in my research about TCC.

Frankly, I think anybody who would get into a program with no verifiable product to sell other a membership intangible… deserves to get screwed.

Anybody who would get into a program which clearly pays on recruiting only (because it has no real product)… deserves to get screwed.

Anybody who would get into a brand new MLM program that purports to have the kind of ultra-expensive computers and software that mega-banks use to trade currency, yet doesn't even list on their website who their owners are or where their headquarters is… deserves to get screwed.

Anybody who thinks that a company which could do what they claim to be able to do would need to 'go MLM'… deserves to get screwed.

The BehindMLM article also concludes:

"On their own, Trade Club Coin's recruitment commissions make the company a pyramid scheme. Combined with the daily ROI and you're looking at a Ponzi pyramid hybrid."

And….

"Once recruitment dies down and the daily ROI collapses, best of luck getting your bitcoin back from the anonymous Trade Club Coin scammers who stole it."

And by the way, that last comment should remind you of OneCoin. You know about their problems, right?

And don’t forget about TelexFREE and uFunClub. Look them up on Google.

They bear a striking resemblance to TCC with the only difference being that the former sold a crappy VoIP long-distance telephone call product that never really worked.

But both of those deals made many millions of dollars until they got shut down and the owners and/or key players were thrown in jail.

And don’t forget another thing: If you’re buying into a ‘deal’ with an untraceable bitcoin, what kind of recourse do you have if something goes ‘south’?

I’ll tell you… You’ve got NONE.

You’ve got no paperwork to refer to, no regulators to appeal to, no company owners to appeal to or pursue, no nothing except maybe…”I never said that!”

Actually, before I remembered that I had seen the article about TCC in BehindMLM, I already had reservations about it based my perusal of their website.

And you know the thought I immediately had?

Their product and commission description reminded me of the Universal Life or cash-value insurance policies I used to analyze for customers back when I was an agent with A.L.Williams.

Those policies were never what people thought they had. That’s always happened. Those kinds of insurance programs were, until cryptocurrency MLM scams came along, the most dishonest product ever sold the general public.

But I digress….

When I looked at the TCC website, all I saw was Fees, fees, and more fees. And complexity, complexity, and more complexity.

Didn’t somebody write a book a few years ago called “Hooked”…. something about creating pleasant, beneficial, positive customer experiences?

Looking at the TCC website, I can’t imagine why any rational adult would seriously consider purchasing any product with so little information to back it up. And what information that was there was almost totally useless.  

As I said, I used to sell mutual funds, and term life insurance, and their fees and commissions weren’t even that complicated.

But when you see those kinds of fees and/or commission plan in an MLM, you know what it means, right?

Yeah…it means you better bend over and get ready for a “Royal Reaming”.

The article also brought up another very critical point which I had failed to notice when I first read the site:

Who owns TCC and where is their company? Are they domiciled in Outer Mongolia? Kazakhstan? Estonia? Arkansas? In a Trailways station in Memphis, TN?

It does make a difference, you know. Yet people are actually recruiting people into a company which claims to be leading edge yet can’t or doesn’t want to provide the most basic but essential consumer information….i.e. who are the owners, how do you contact the company, and where is their headquarters?

I’ve said it before but I think it bears repeating: Cryptocurrency has become the Dr. Frankenstein’s Laboratory of MLM scams. Anybody who looks at all the dumb-ass deals being advertised on Facebook or covered in BehindMLM already knows that.

Really sounds like a reputable company, doesn’t it?

Assuming that this characterization of TCC is true (and I strongly suspect it is) I would hate to think that Markethive’s reputation could be corrupted by being associated with such a disreputable program.

Nor do I think it would be advantageous to endanger the success of Infinity Economics by being associated with TCC. Unless they’re both scams of course.

But I know one thing: currency is simply a commodity…. just like pork bellies, wheat, corn, crude oil, copper, cocoa, etc., and only an idiot would buy a commodity at anything other than the very cheapest price.

The problem with all these MLM companies who are flocking into the cryptocurrency niche like pirana fish on a Thanksgiving turkey is that they drive down the value of their commodity by adding fees (and commissions) to their commodity.

Even if it is a real cryptocoin with a real blockchain. I just do not believe the MLM model is compatible with a cryptocurrency. You cannot have a competitive product (i.e. the coin) and competitive MLM commissions. The two qualities don’t go together.

If you're thinking about getting into one of these MLM cryptocurrency deals just because cryptocurrency and blockchain is something new, and because you heard about it from "a friend" or somebody you respect and because 'the product' looks and sounds like it has some degree of credibility from supposedly credible media and other sources…those are not the right reasons to get into any opportunity.

In my opinion, you need You've still got to do your own due diligence, look past the hype, turn down the emotion, and put your rational 'cap' on.

I well remember the times when I lost money trying to make money. In all cases, it was because I either (a) I thought somebody was smarter than it turned out they actually were or (b) I trusted somebody I shouldn't have trusted in the first place.

Crypto is like honey to a bee for opportunists because they hear about something "new" and they think, "Wow..now this is something people will pay attention to me about. I can make a lot of money with this!"

And they get even more energized if they think their dreams are more important than somebody else's.

Most of the people pitching cryptocoin MLM scams are just opportunists who don't know any more about crypto and blockchain than somebody who watches YouTube videos for a few hours but I think it's naive to think you can ever get a good deal on a commodity that's peppered with fees, commissions, and hidden ‘gotchas’ associated with an MLM model.

You would never buy any other commodity with the mindset that most people use to select an MLM opportunity….yet people make dumb decisions like that all the time.

Of course, an opportunity is sometimes hard for a prospect to resist because the prospect doesn't have anything to compare it to or any standard by which to evaluate it. All they know is that it's new and it's their friend or somebody they respect telling them about it.

But…seriously. Would you buy a mutual fund that way from a company that you knew as little about as you know about TCC?

And what's morbidly funny about these situations is that these scammers are very often the same people who complain about how MLM only sells "Hopes and Dreams". And then they turn around and do that very thing.

I guess what apparently makes it "OK" is that they're at the top.

The new crop of crypto-scammers are like Jim Jones. Remember him… that scammer preacher who killed all those people in Guyana by getting them to drink poison Kool-Aid?

That's where the phrase, "drank the Kool-Aid" comes from. These kind of people are experts at motivation, telling people what they want to hear, posturing, intimidation, bluffing, and sometimes even a bit of bullying…. but no questions are ever allowed during their sermons.

People like this think nothing of raping their friends Suddenly they 'see the Light'. They have a new Mission:

"It's going to change the world!!" "We give 5% of every dollar of profit to the "Save The Lab Rats Fund", "We scrape one piece of bubble-gum off the sidewalk of Times Square for every $10 in profit we make", "We'll plant a rose bush on Mt. Everest"…etc., etc., yada, yada….

And then when the deal craters….or doesn't turn out exactly the way they told everybody it would… suddenly they're silent, it's not their fault, or…"we never said that!"

I can understand somebody making an honest mistake. We all make mistakes. We're all sinners. But what I find repulsive and disappointing is when these same people won't admit they made a mistake or they even deny they made a mistake. (Ex: Dead Parrot)

Now…back to TCC….

For one thing, look at this article from BehindMLM.com which calls it a "cryptocurrency exchange ponzi".For me….I say, 'no thanks'. Sure, I'd like to make some big money. But I don’t think TCC is a legitimate program. It doesn’t have any of the characteristics of one.

I just browsed the TCC website and I defy anybody to tell me that they really understand how that compensation plan works. But one thing is pretty obvious. It's complicated while really not saying very much of any substance.  

As I see it, a person will be able to make money in TCC only if one or both of two things happen:

(a) the cryptocoin market continues to go up… and go up a LOT and/ or (b) they recruit a lot of people.

To elaborate further, your cryptocoin will have to go up a lot in order to compensate for all the commissions and fees built into the product.

In MLM that's sometimes called 'slippage'. Would you buy anything else that's loaded down with complexities like that?

Also, are you a good recruiter? Were you ever a good recruiter? Do you really want to get back into that game?

If you were never really good at it, isn't it rather naive to think you are suddenly going to be good at it now just because "…this one is different!"

People haven't changed. You haven't changed. Cryptocurrencies, in my humble opinion, is not going to be any easier a 'deal' than anything else ever was for you.

As an MLM opportunity…it's just a fad. The same people will make money in it that make money in all the other deals. And the same people will lose.

Also…remember what I said about 'money' up above.

Cryptocurrency is a commodity. That's it. And only an idiot pays more for a commodity than they have too buy buying with all the extra charge TCC throws into the mix.

Yet I marvel at how MLM detractors can be so holier-than-thou to criticize traditional MLM companies for having over-priced products and yet be willing to get their friends into what essentially (in it's MLM iteration) is just the unregulated MLM version of Universal Life insurance (or at least the investment side of the product).

And what trying to objectively evaluate the strength of TCC with questions such as, "OK…who's in back of this deal? What's their MLM background and track record? Do they have a real history of helping average people make money in their last deal?”

Or did they get run out of the last program they were in… or did they leave on short notice because they knew they were going to get fired anyway?

If you were going to hire somebody to work for you in a traditional company, wouldn't you check their past employer and references?

I think that would be a smart thing to do the next time (or maybe this time) somebody pitches you about a 'new deal'.

The bottom line on Trade Coin Club is that it boils down to being careful and using some common sense. Think with your head rather than your wallet.

Read the fine print. Ask the tough questions. Take a careful look and consider if you can handle the worst case scenario. Hoping that 'this one is different' won't make it different.

If it sounds too good to be true it probably is. Don't get into dark waters (something you don't know anything about). Don't trust anybody who you know has lead other people down the 'garden path' in previous deals. If they lied once, they’ll probably lie again.

Don't be afraid to work a legitimate MLM if you find one you like. Find a good product that delivers real value to the end-user. And stick with it.

As for TCC, I think it’s a scam. Yes, some people who will make some money…. but most won't and there will be a lot of friendships ruined because of it.

 

 

Art WilliamsS
Freelance Copywriter
Contact email

 

 

 

Visit the Kairos webiste https://cabinet.kairosplanet.com/register/#111b0e

The Coin Club? (No Thanks)

 

 

 

 

 

 

 

 

Trade Coin Club?
(Not with a 10 foot pole!)

There are several digital currency 'deals' going around right now. Some of them are being touted more successfully than others and some might be more legitimate than others.

But some are clearly very suspicious looking if you look at them closely at all. One such deal is Trade Club Coin (TCC).

But don’t believe me. I’m not the only person who thinks so. Just take a look at the

this article recently appearing in in BehindMLM.com which calls TCC an “exchange club ponzi”.

Every cautionary admonition in that article makes total sense to me. Every post-game bad report that I wrote about MLM scams, crypto and otherwise, while I used to write for an MLM online magazine mentioned all the signs of a scam that I see in my research about TCC.

Frankly, I think anybody who would get into a program with no verifiable product to sell other a membership intangible… deserves to get screwed.

Anybody who would get into a program which clearly pays on recruiting only (because it has no real product)… deserves to get screwed.

Anybody who would get into a brand new MLM program that purports to have the kind of ultra-expensive computers and software that mega-banks use to trade currency, yet doesn't even list on their website who their owners are or where their headquarters is… deserves to get screwed.

Anybody who thinks that a company which could do what they claim to be able to do would need to 'go MLM'… deserves to get screwed.

The BehindMLM article also concludes:

"On their own, Trade Club Coin's recruitment commissions make the company a pyramid scheme. Combined with the daily ROI and you're looking at a Ponzi pyramid hybrid."

And….

"Once recruitment dies down and the daily ROI collapses, best of luck getting your bitcoin back from the anonymous Trade Club Coin scammers who stole it."

And by the way, that last comment should remind you of OneCoin. You know about their problems, right?

And don’t forget about TelexFREE and uFunClub. Look them up on Google.

They bear a striking resemblance to TCC with the only difference being that the former sold a crappy VoIP long-distance telephone call product that never really worked.

But both of those deals made many millions of dollars until they got shut down and the owners and/or key players were thrown in jail.

And don’t forget another thing: If you’re buying into a ‘deal’ with an untraceable bitcoin, what kind of recourse do you have if something goes ‘south’?

I’ll tell you… You’ve got NONE.

You’ve got no paperwork to refer to, no regulators to appeal to, no company owners to appeal to or pursue, no nothing except maybe…”I never said that!”

Actually, before I remembered that I had seen the article about TCC in BehindMLM, I already had reservations about it based my perusal of their website.

And you know the thought I immediately had?

Their product and commission description reminded me of the Universal Life or cash-value insurance policies I used to analyze for customers back when I was an agent with A.L.Williams.

Those policies were never what people thought they had. That’s always happened. Those kinds of insurance programs were, until cryptocurrency MLM scams came along, the most dishonest product ever sold the the general public.

But I digress….

When I looked at the TCC website, all I saw was Fees, fees, and more fees. And complexity, complexity, and more complexity.

Didn’t somebody write a book a few years ago called “Hooked”…. something about creating pleasant, beneficial, positive customer experiences?

Looking at the TCC website, I can’t imagine why any rational adult would seriously consider purchasing any product with so little information to back it and and with what information there was being almost totally useless.  

As I said, I used to sell mutual funds, and term life insurance, and their fees and commissions weren’t even that complicated.

But when you see those kinds of fees and/or commission plan in an MLM, you know what it means, right?

Yeah…it means you better bend over and get ready for a “Royal Reaming”.

The article also brought up another very critical point which I had failed to notice when I first read the site:

Who owns TTC and where is their company? Are they domiciled in Outer Mongolia? Kazakhstan? Estonia? Arkansas? In a Trailways station in Memphis, TN?

It does make a difference, you know. Yet people are actually recruiting people into a company which claims to be leading edge yet can’t or doesn’t want to provide the most basic but essential consumer information….i.e. who are the owners, how do you contact the company, and where is their headquarters?

I’ve said it before but I think it bears repeating: Cryptocurrency has become the Dr. Frankenstein’s Laboratory of MLM scams. Anybody who looks at all the dumb-ass deals being advertised on Facebook or covered in BehindMLM already knows that.

Really sounds like a reputable company, doesn’t it?

Assuming that this characterization of TCC is true (and I strongly suspect it is) I would hate to think that Markethive’s reputation could be corrupted by being associated with such a disreputable program.

Nor do I think it would be advantageous to endanger the success of Infinity Economics by being associated with TCC. Unless they’re both scams of course.

But I know one thing: currency is simply a commodity…. just like pork bellies, wheat, corn, crude oil, copper, cocoa, etc., and only an idiot would buy a commodity at anything other than the very cheapest price.

The problem with all these MLM companies who are flocking into the cryptocurrency niche like pirana fish on a Thanksgiving turkey is that they drive down the value of their commodity by adding fees (and commissions) to their commodity.

Even if it is a real cryptocoin with a real blockchain. I just do not believe the MLM model is compatible with a cryptocurrency. You cannot have a competitive product (i.e. the coin) and competitive MLM commissions. The two qualities don’t go together.

If you're thinking about getting into one of these MLM cryptocurrency deals just because cryptocurrency and blockchain is something new, and because you heard about it from "a friend" or somebody you respect and because 'the product' looks and sounds like it has some degree of credibility from supposedly credible media and other sources…those are not the right reasons to get into any opportunity.

In my opinion, you need You've still got to do your own due diligence, look past the hype, turn down the emotion, and put your rational 'cap' on.

I well remember the times when I lost money trying to make money. In all cases, it was because I either (a) I thought somebody was smarter than it turned out they actually were or (b) I trusted somebody I shouldn't have trusted in the first place.

Crypto is like honey to a bee for opportunists because they hear about something "new" and they think, "Wow..now this is something people will pay attention to me about. I can make a lot of money with this!"

And they get even more energized if they think their dreams are more important than somebody else's.

Most of the people pitching cryptocoin MLM scams are just opportunists who don't know any more about crypto and blockchain than somebody who watches YouTube videos for a few hours but I think it's naive to think you can ever get a good deal on a commodity that's peppered with fees, commissions, and hidden ‘gotchas’ associated with an MLM model.

You would never buy any other commodity with the mindset that most people use to select an MLM opportunity….yet people make dumb decisions like that all the time.

Of course, an opportunity is sometimes hard for a prospect to resist because the prospect doesn't have anything to compare it to or any standard by which to evaluate it. All they know is that it's new and it's their friend or somebody they respect telling them about it.

But…seriously. Would you buy a mutual fund that way from a company that you knew as little about as you know about TTC?

And what's morbidly funny about these situations is that these scammers are very often the same people who complain about how MLM only sells "Hopes and Dreams". And then they turn around and do that very thing.

I guess what apparently makes it "OK" is that they're at the top.

The new crop of crypto-scammers are like Jim Jones. Remember him… that scammer preacher who killed all those people in Guyana by getting them to drink poison Kool-Aid?

That's where the phrase, "drank the Kool-Aid" comes from. These kind of people are experts at motivation, telling people what they want to hear, posturing, intimidation, bluffing, and sometimes even a bit of bullying…. but no questions are ever allowed during their sermons.

People like this think nothing of raping their friends Suddenly they 'see the Light'. They have a new Mission:

"It's going to change the world!!" "We give 5% of every dollar of profit to the "Save The Lab Rats Fund", "We scrape one piece of bubble-gum off the sidewalk of Times Square for every $10 in profit we make", "We'll plant a rose bush on Mt. Everest"…etc., etc., yada, yada….

And then when the deal craters….or doesn't turn out exactly the way they told everybody it would… suddenly they're silent, it's not their fault, or…"we never said that!"

I can understand somebody making an honest mistake. We all make mistakes. We're all sinners. But what I find repulsive and disappointing is when these same people won't admit they made a mistake or they even deny they made a mistake. (Ex: Dead Parrot)

Now…back to TCC….

For one thing, look at this article from BehindMLM.com which calls it a "cryptocurrency exchange ponzi".For me….I say, 'no thanks'. Sure, I'd like to make some big money. But I don’t think TCC is a legitimate program. It doesn’t have any of the characteristics of one.

I just browsed the TCC website and I defy anybody to tell me that they really understand how that compensation plan works. But one thing is pretty obvious. It's complicated while really not saying very much of any substance.  

As I see it, a person will be able to make money in TCC only if one or both of two things happen:

(a) the cryptocoin market continues to go up… and go up a LOT and/ or (b) they recruit a lot of people.

To elaborate further, your cryptocoin will have to go up a lot in order to compensate for all the commissions and fees built into the product.

In MLM that's sometimes called 'slippage'. Would you buy anything else that's loaded down with complexities like that?

Also, are you a good recruiter? Were you ever a good recruiter? Do you really want to get back into that game?

If you were never really good at it, isn't it rather naive to think you are suddenly going to be good at it now just because "…this one is different!"

People haven't changed. You haven't changed. Cryptocurrencies, in my humble opinion, is not going to be any easier a 'deal' than anything else ever was for you.

As an MLM opportunity…it's just a fad. The same people will make money in it that make money in all the other deals. And the same people will lose.

Also…remember what I said about 'money' up above.

Cryptocurrency is a commodity. That's it. And only an idiot pays more for a commodity than they have too buy buying with all the extra charge TCC throws into the mix.

Yet I marvel at how MLM detractors can be so holier-than-thou to criticize traditional MLM companies for having over-priced products and yet be willing to get their friends into what essentially (in it's MLM iteration) is just the unregulated MLM version of Universal Life insurance (or at least the investment side of the product).

And what trying to objectively evaluate the strength of TCC with questions such as, "OK…who's in back of this deal? What's their MLM background and track record? Do they have a real history of helping average people make money in their last deal?”

Or did they get run out of the last program they were in… or did they leave on short notice because they knew they were going to get fired anyway?

If you were going to hire somebody to work for you in a traditional company, wouldn't you check their past employer and references?

I think that would be a smart thing to do the next time (or maybe this time) somebody pitches you about a 'new deal'.

The bottom line on Trade Coin Club is that it boils down to being careful and using some common sense. Think with your head rather than your wallet.

Read the fine print. Ask the tough questions. Take a careful look and consider if you can handle the worst case scenario. Hoping that 'this one is different' won't make it different.

If it sounds too good to be true it probably is. Don't get into dark waters (something you don't know anything about). Don't trust anybody who you know has lead other people down the 'garden path' in previous deals. If they lied once, they’ll probably lie again.

Don't be afraid to work a legitimate MLM if you find one you like. Find a good product that delivers real value to the end-user. And stick with it.

As for TCC, I think it’s a scam. Yes, some people who will make some money…. but most won't and there will be a lot of friendships ruined because of it.

 

 

Art WilliamsS
Freelance Copywriter
Contact email

 

 

 

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