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3 MISCONCEPTION ABOUT BITCOIN

Jul 18,2018 at 07:25 am




As interest in Bitcoin grows, more people are being introduced to cryptocurrencies each day. This is exciting, but there are still common misconceptions and myths surrounding this new financial system: here we shed light on few.


1. Bitcoin is used for illegal activities (like drug dealing) because it’s anonymous


Contrary to popular belief, Bitcoin is not anonymous


It’s pseudo-anonymous. This means that all transactions are recorded on the public blockchain, along with the addresses of the wallets involved. Although no identifying personal details are included on the blockchain ledger, if you figure out who owns a particular wallet, you then know they were responsible for all transactions from that address.

People have always found a way to carry out illegal activities, long before Bitcoin existed. Maybe they always will. In any case, it’s far easier to trace than cash. Bitcoin now has numerous legitimate uses and its use by criminals has shrunk dramatically.


2. Bitcoin has no intrinsic value, so it’s not a currency


The same statement can be applied to any currency.


If we all stopped believing in the pound (or the dollar or euro or any other currency), it would cease to have any value.


Value is in our minds.


3. Bitcoin has been (or will be) hacked — it’s not safe


Bitcoin itself has never been hacked and probably never will be.


Some exchanges, wallet providers and other cryptocurrency related companies have had their security compromised. Most, if not all, of these hacks, have been the result of preventable security lapses. 


It’s also your responsibility to take extra precautions


For example, you should turn on 2-factor authentication and use strong passwords. The same precautions apply to any other store of value, and there are always going to be risks. Bitcoin has some security advantages, provided you make use of them.

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ARE YOU A TOP RAINMAKER?

Jul 14,2018 at 09:24 am



According to a Harvard Business School study, the best rainmakers in professional firms have certain characteristics. 
Most of the characteristics are the result of learning, not genetics. 
Most professionals can be rainmakers. If you are willing to study, practice, and focus on improving your selling performance, you can be a rainmaker. 
Evaluate yourself on the following five attributes. 

Willingness to Spend Time to Develop “Like and Trust” 

Businesspeople conduct business with people they like and trust. They won’t do business with you if they don’t like you, no matter how great a professional you are. 
If you are unwilling to personally meet with prospects, your prospects don’t have a chance to develop “like” with you. And, even though you are honest to the core, communicating ambiguity, uncertainty, or an unwillingness to take a position does not engender trust. 

Acceptance of Responsibility for Results 

Too many people use a variation of the old line, “The dog ate my homework.” The best rainmakers take full responsibility for results. 
If you don’t succeed at winning the new account, don’t blame the economy or your partners. Instead, when you don’t meet with success, work harder to turn the negatives to your advantage later. 

Above Average Willpower and Ambition 

The Harvard study concluded that self-discipline is a key for top sellers to succeed. Any person who has the willpower to master the knowledge needed to pass the CPA or bar exam has an enormous amount of ambition and self-discipline. 
No matter how tempted top sellers were to give up, they persisted toward goals. 

Intense Goal Orientation 

For you to be a top rainmaker, you must make this a goal in your business life. Ability to Approach Strangers Every seller has some level of call reluctance. But the best rainmakers train themselves to overcome the butterflies and get out of the office and meet people. 

High Level of Empathy 

Until you are able to put yourself in your client’s shoes, imagine their needs and concerns, and then respond appropriately, you will only be a minor league rainmaker. 

Conclusion 

Now ask yourself: How did I rate as a rainmaker? What should I be doing to improve my selling ability? 


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3 WAYS TO MAKE MONEY

Jul 05,2018 at 07:45 am





Money is hiding in things people dont want.


You will only make money in these 3 places.



PEOPLE


The first place where you will find money is with people. All businesses need people to make money. 

Doctors need people to make money and they call those people patients. Checkers and Woolworths needs people to make money and they call them customers. Mortuaries need dead people to make money. 


If you run away from people you are running away from your riches. If you say you are shy and can't talk to people then it means poverty will be your best friend. 



PROBLEMS


The second place to make money is to find solutions to people's problems. Most people run away from problems because they don't want to find solutions to their problems. 


That's why we don't last in things that we start because immediately when a problem comes we run away and say it's not working. 

If only you can find solutions instead of complaining about your problems you will be a better person and you will become successful. 



OPPORTUNITIES


The last place you can find money is with opportunities. 

Most people run away from opportunities because they don't like such opportunities. 

You don't have to like an opportunity, if you can just find  the benefits that come with the opportunity and focus on such benefits you will become successful. 


Most of the things that make people successful are not the things they love but it's what they will get out of those things. 


Now how are you making your own

 money? Don't tell me about a job because you will be poor for the rest of your life as long as you are loyal to your job. 

The richest people in the world look for and build networks while everyone else looks for a job. 


Don't let the opportunity that will turn your life around pass you by, cryptocurrency mining is still the most lucrative way to accumulate wealth. 


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DON'T HODL - START MINING

Jul 03,2018 at 12:41 pm



Is BTC Really Worth $ 20k or more? Or maybe the biggest buyers in the market are not investors who expect to use this currency after 20 years, but speculators who expect to make a nice bite buck in two months? Or seriously, maybe this game shouldn’t be called investing, and buyers are not investors, but speculators? Is it worth to rely on future price charts that predict the value of BTC to be 100k+ in the future, regardless of how rich the person is or what academic backround such prophet has? This is why the term DYOR (Do Your Own Research) exists. 

Today i want to encourage you to join us in this research on how you can profit in BTC cryptocurrency dealings even while others are loosing. 

DON'T HODL

Quite a worrisome numbers of investors has lost their hard earned money since the recent down trend in Bitcoin price, major crypto startups are waving goodbye and banks offering credit facilities are taking a U-turn. 

Research revealed that major crypto investors/buyers are in the game to get rich quick, this motive led newbies into crypto trading, exchanges and buying to hold which has become less profitable today. 

but the question remains 'how can i invest in Bitcoin and not lose?' 

START MINING 

All new Bitcoin that is created acts as a reward and incentive mechanism for people to contribute their computers to the system to help process transactions. With Bitcoin mining, the cost of this global system has just been spread over thousands of computers, and they recoup their cost through newly minted Bitcoin. In short, it’s simply why it is called a decentralised system or structure for modern day transaction.

while you hold, the smart ones take advantage of this system to generate wealth and due to the complexity of setting up a mining rig, ARKONIX MINING offers you the opportunity to profit through her platform daily with a contract that extends over 15 years. 

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BITCOIN - HISTORY AND FUTURE

Jun 29,2018 at 05:32 am






Today we are going to compare Bitcoin’s 2013 longest bear trend to the ongoing bear trend running for almost 7 months. I hope you will find this article interesting because if history tends to repeat itself, then this is Bitcoin’s history and this will be its future.


Let’s begin!


Case 1

In 2013, we witnessed steady growth in Bitcoin, which was trading at around 100 USD.


Then, boom!


In November and December, prices spiked from 100 to 1,200 USD in just two months.

This is where most people called it a bubble, which will eventually pop.


However, when we compare this to last year’s prices, we find interesting similarities.


In 2017, we again witnessed steady growth in Bitcoin, which was trading at around 5,000-5,500 USD.

Then, in November and December, prices spiked from 5,500 to 20,000 USD in less than 2 months.

In both of these scenarios, one thing was certain: prices were overvalued and a bubble was formed in terms of prices, which was driven by greed only.



Case 2

In every asset boom and bust cycles occur and Bitcoin is no different.


After prices spiked from 100 to 1,200 USD in less than 2 month, then anybody can expect a correction in the prices.


But what about 90% correction?

In just 11 weeks, BTC reached its bottom at 118 USD and made a 90 percent correction from its 2013 high.

This downtrend continued for 19 months from 2014 to September 2015.


In 2017, Bitcoin’s price reached 20,000 USD and currently it’s trading at around 6,000 USD.

So it’s still far away from a 90 percent correction, because the 90 percent correction will end at about 2,000-3,000 USD and this should be a clear bottom for Bitcoin.



Case 3

Bitcoin took 3 years to reach its previous 2013 high.

Bitcoin went to 1,200 USD in 2013, then it made 90 percent correction and the downtrend continued for almost 2 years.

But it took 3 years for Bitcoin to break its previous 2013 high.


BTC reached its top again at 1,200 in January 2017.

So now Bitcoin is at around 6,000 USD and nobody can exactly tell you the real bottom or top, but even after reaching its bottom whether it’s 6k or 3k, one thing is pretty sure: it’s going to take time to move above its previous December 2017 high which was 20,000 USD.



Case 4

After reaching its top again, which was 1,200 USD in January 2017 (BTC took 3 years to reach this level), it moved 90 percent higher from its previous high.

BTC reached from 1,000 USD to 20,000 USD in less than a year


Last time BTC moved 20x from its previous high and right now our previous top is sitting at 20,000 USD, so if we even take a conservative approach where BTC will move only 5x from its previous high, it’s reaching at 100,000 USD without any problem.


At last, we are also adding the silver chart for you to watch and analyze, which made 70% correction since it reached 49 USD in 2011 and now trading at around 16 USD.


The bear trend is running from more than 7 years and still not over, but it takes people with these understanding to invest more at this point a time into Bitcoin. 

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