For those of you traders, please be careful with fake exchanges, because I found a VERY SAME exchange that makes no difference at all like the exchange on EtherDelta, the fake exchange link that I saw I got from my Gmail inbox, which message it was contains about giving tokens like AIRDROP, and there I am given a registration form link and in the form there is a fake EtherDelta link, and this is the link http://EtherDelta.website, and this is the original EtherDelta link https://etherdelta.com/. There is no difference at all in the two exchanges, the images, features and others are exactly the same, so please be careful.

Secure your private key, secure your wallet, do not easily believe things that invite you to get rich instantly, do not easily trust advertisements, because crime is not just at one door, who knows there are many other fake exchanges, therefore be careful.

Along with the recent rise in the use of cryptocurrencies and the US SEC gearing up to provide a verdict on multiple Bitcoin ETFs, here we have a luxury brand opting to transactions using Bitcoin.
A Rolls-Royce dealership, Post Oak Motors, in Houston, Texas is now accepting Bitcoin and Bitcoin cash in exchange for the vehicle.
Although this is not the first time that this has been done by an automobile company Earlier this year, a California dealership began accepting Bitcoin for Bugatti Chiron and Pagani Huayra purchases. But it is great to see that bitcoins is now one step closer to becoming a legitimate means to purchase goods. This, again should contribute to investor confidence.

Any chance we are gonna see other luxury brands follow the same tracks?

Total of unique bitcoin address doesn't reflect whether bitcoin will fail or not. If we talking whether bitcoin will fail or not, we should see actual bitcoin adoption, acceptance and scaling/upgrade instead.


I think when the balance is empty, blockchain.info counts it as inactive/used address. Also, deactivating address isn't possible.

Keep calm and stop to see this as an exchange... We all realise that Satoshi made a wonderful economic system that's changing the world right now. More than 75% of bitcoiners is taking this like a bubble, where you should buy and go off when you earn the enough or till you "grow rich". Let´s realise the real insight of Satoshi was to make payment system method clearing the need to trust in a thirdparty and to clear the double spent in transactions. Let´s start to use the Bitcoin as it should do be taken and realise that another incredible advance is the Blockchain technology.

I am seeing many people getting worry because of Bitcoin is going down its price, this kind of people should read the Bitcoins whitepaper, and to stop to treat bitcoin as another fiat currency. This is just a thought about all I am watching in this forum and in others social sites where people is just taking this as another exchange to make trading and they are´nt watching what we have in hands. The chance to change the world literally and the opportunity to make worth the economy worldwide...

 

I see a lot of people claims that crypto is the currency of the future and in few years the value of one BTC would be around 70-100k
How do you think this industry will evolve in the future and what would really happen?

Remember the date, 10 years from now we can come back and see if we right XD

i have observed that now bitcoins arrogance causes its price drop

as soon as bitcoin looks too expensive, people start seeing bitcoin as some sort of arrogant cryptosect,

and the price drops, as will its popularity,

as soon as 12 000 USD are beeing reched again and people start speculating a price explosion again, bitcoin looks again arrogant for many and people will drop it

someone else expects the same?

regards

I've recently read a couple of posts here, and it became clear that people don't quite understand what ultimately determines the price of an asset or resource. Many seem to intuitively think that being scarce is enough for being valuable and pricey, or even equal to being valuable and pricey. This may or may not be true depending on another factor which is always at play here.

And this second factor is called utility. These two fundamental factors determine the price of an asset, but none of them taken separately can say anything about the likely price of an asset. Neither scarcity nor utility can determine the price on their own. It is their balance that leads to a price discovery through market means. For example, an asset can be as scarce as hen's teeth, but it still might be worthless. How come? Because being scarce is nowhere near enough to be valuable. To have a price, an asset should also have or provide utility.

In this case, utility means usefulness for achieving certain ends, whatever those can be. If something is scarce but lacks utility, it won't have any value because it is not useful for anything. But utility without scarcity is also pretty much useless for receiving a price tag. For example, the air we breath has absolute utility, without it we would die within minutes. But it has no price tag because it lacks scarcity. It is abundant, so having more of it (so-called marginal utility) doesn't add anything to our well-being as well as wealth.

The appeal
01
Blockchain technology is beginning to move past cryptocurrencies into companies and now governments. Countries around the world are trialing the emerging technology in areas from recording votes in elections to storing the records of citizens.

Distributed ledger technology (DLT) or blockchain as it’s more commonly known was pioneered by the creator of bitcoin, a digital currency. Bitcoin’s blockchain is a public ledger of activity that stores information about all the transactions taking place on the network. It cannot be hacked or tampered with and it is not owned by a central authority. Instead, a group of participants uphold the network.

CNBC has previously taken a deep dive into how exactly the blockchain works and its use cases in the corporate world. The key part about the blockchain is that it allows several parties that don’t necessarily trust each other, to share a common database that is cryptographically secure. This means that complex processes like contract negotiations could be made cheaper, faster and simpler.

“I think one of the biggest potential promises for governments is credibility enhancement and blockchain at its core. It fundamentally is a way to minimize the degree of trust that is required, and governments all over the world have historically struggled with maintaining wide trust at all points in time.”
Garrick Hileman, head of research at Blockchain and co-founder of Mosaic.io
Blockchain, which was once viewed skeptically by governments worried about its affiliation with bitcoin and other cryptocurrencies, is in vogue. Experiments are taking place globally into how the distributed ledger technology could be used on a national level. Of course, it would not mimic the bitcoin blockchain, but instead take the principles of a distributed trust-based system and apply it to government processes.

DLT is still in its early stages and there are still many problems to overcome before scalable government-level uses of the technology can be seen. CNBC takes a look through how blockchain is being used by governments.

State-backed cryptocurrencies
02
Given blockchain first began with bitcoin, it’s a natural next step that nations would begin thinking about their own digital currencies. Several countries have talked about state-backed cryptocurrencies but exactly how they work or what they will look like is still up for debate.

Venezuelan ‘petro’

The first country to actually introduce a state-backed cryptocurrency is Venezuela. It’s known as the “petro” and was launched earlier this year in a bid to raise money amid economic meltdown and sanctions.

Venezuelan President Nicolas Maduro says the digital currency is backed by oil and it raised $735 million when it was first released. And in the latest attempt to save the country’s economy, Maduro devalued the Venezuelan bolivar and introduced a new fiat currency known as the “sovereign bolivar,” which will be backed by the petro.

But the petro does not trade, unlike most other major fiat currencies, and it has been called a scam by experts and illegal by Venezuela’s own parliament. It may seem odd for a country to introduce its own cryptocurrency, but Maduro’s comments in August highlight the motivation.

"They've dollarized our prices. I am petrolizing salaries and petrolizing prices … We are going to convert the petro into the reference that pegs the entire economy's movements," he said.

Venezuela would like to see the dominance of the U.S. dollar depleted and Maduro said last year that the country would like to “free” itself from the greenback.

But Venezuela's attempt at a state-backed cryptocurrency might not be the route for others to copy, according to Jeff Schumacher, CEO of BCG DV, an investor in blockchain start-ups.

"State-backed cryptocurrencies in regimes like Venezuela will do nothing to stimulate economic recovery. Whether standard or crypto, any currency needs to be backed on the fundamentals of the underlying economy," Schumacher told CNBC by email.

"Venezuela's economy is in shambles and creating a crypto will not change that. Most people won’t value it because they don’t believe in the government or the economy. History will inevitably repeat itself and we will likely see Venezuela's petro collapse."

‘De-dollarizing’

China and Russia are among the nations that have talked about state-issued digital currencies. Others include Turkey, Qatar and Iran. The similarities between them include being reliant on the U.S. dollar, as well arguably having somewhat authoritarian regimes.

Cryptocurrencies are seen as a way potentially to reduce reliance on the greenback as well as have more oversight into where money is moving.

“Digital currencies may help a number of countries who are looking to de-dollarize to do that,” Hileman said.

“Cryptocurrencies, with their autonomy could offer a more independent and trusted alternative to the U.S. dollar, especially if they have backing of strong assets in terms of oil or gold in the early stage before they get a degree of stability where they don’t need that,” he added.

But Hileman said it was unclear how these state-backed digital coins would work. They could be issued by a central bank and backed by an asset at the start, just like Venezuela claims its petro is.

It’s not just the more authoritarian nations looking into state-backed cryptocurrencies either. Others like Singapore are testing a way to use a digital version of the Singapore dollar for cross-border payments. Swtizerland’s government has also commissioned a study into the possibility of an “e-franc.”

A state-run bitcoin?

It may be a mistake to call state-run digital currencies “cryptocurrencies” because they may not necessarily run on a blockchain. Instead they could be digital versions of a country’s fiat currency.

"No one's in a rush to get this done. Will it therefore be necessary for it (blockchain) to be part of a digital currency if central banks issued it? Well the answer is I think not," Stephen Poloz, governor of Canada’s central bank told CNBC in January.

This would be a big difference from bitcoin which is based on a blockchain and is decentralized. On the other hand, state-backed digital currencies would be issued by a central authority, perhaps a central bank.

Other uses of blockchain
03
Blockchain technology offers the promise of more efficient and accurate processes because of how it works. And for governments that is exciting given the amount of data that they hold on citizens and how they are pushing to digitize much of that. Nations are also responsible for a massive amount of record-keeping which could move to the blockchain.

Let’s a take a look at some key trials of blockchain technology in government.

Voting

Elections are susceptible to fraud and human error. Blockchain has been touted as a solution to fix that. A number of trials have happened around the world. One of the most recent happened during West Virginia’s primary election in May. Select votes could use a blockchain-based mobile app to vote. It was created by a company called Voatz.

So how did blockchain voting work in this situation?

People voted via a mobile app which was essentially the equivalent of a ballot paper. The mobile ballots are “tokens” or potential votes which are cryptographically tied to a candidate. The voter makes their decision, it is verified by a number of different servers or computers known as “validating nodes.” Upon verification, the token or ballot paper is debited from the voter’s ledger and put on the candidate’s ledger. This is an automatic process and means that a single person cannot vote twice. And it’s now on a blockchain that cannot be tampered with.

Credit checks

China has been cracking down hard on cryptocurrencies and ICOs, but it has been focusing heavily on DLT. Earlier this year, Chinese President Xi Jinping said that blockchain has “breakthrough” applications.

Parts of the Chinese government have been working with blockchain firms in various areas such as credit scoring. One of those companies is Points which has partnered with a subsidiary of China’s Ministry of Industry and Information Technology and the China Academy of Information and Communications Technology to create blockchain solution for know your customer (KYC) and credit scoring.

The KYC product removes the need for institutions to repetitively conduct the process manually.

“With its partnership with the Chinese government, Points has access to verify ID and criminal records on 1 billion people in China. Thanks to Points’ blockchain protocol, the normally time-consuming KYC process which would normally be done manually, increases the efficiency for institutional partners,” founder Sarah Zhang told CNBC by email.

“It does this by reducing the institution’s need to store data on their own servers as Points because they can simply verify identities or other relevant information through blockchain that has already been verified before.”

This process could be used all around the world but requires data to be opened up to allow verification of a person’s identity and their credit score.

Supply chains

Supply chains are very complicated with several parties involved across many countries. Goods are passed between various parties and lots of contracts are involved in the process. This is a scenario where DLT has been tested.

At a government level, the U.K.’s food watchdog carried out a pilot using blockchain technology in a cattle slaughterhouse. In the pilot, both the Food Standards Agency (FSA) and the slaughterhouse had permission to access the data. They were able to share information on the supply chain, working off one ledger, rather than various different documents.

Blockchain-based supply chains is something several companies are trying out too.

These are just a handful of examples where blockchain has been trialed with many more in the works.

What next?
Blockchain is without a doubt one of the most-hyped technologies this year with people working in the industry seeing it as a silver bullet solution to many processes, which indeed it may not be. Trials are underway but there’s a long way to go before this becomes mainstream.

A number of competing blockchain platforms from Ethereum to Hyperledger are battling to become the dominant player. But one big problem for DLT is scalability, that is, whether it can work on a wide scale efficiently, which would be crucial for it to be effective at a national level.

Hileman said that with the price of cryptocurrencies rising and falling many developers of the underlying blockchain technology may have taken their “eyes of the ball,” but are now back to creating solutions that may come to market soon.

“We will see further work done in the next 12-to-18 months in testing various scalable solutions that will deliver on the promises we have heard about,” Hileman told CNBC.

“There are questions that have not been answered, but I’m confident they will be. There are smart people with different blockchain designs and one of these will work, several of these will work. Resources are there, brain power is there, it’s just a matter of time and I think we will see major advances in scalability.”

https://www.cnbc.com/2018/08/29/bitcoin-world-is-experimenting-with-blockchain.html

Neither scam nor speculation, I believe that after ETFs are approved (ever), Bitcoins will be dominating the whole market at an extremely out-of-reach level which none of the alts might be able to achieve. The reason for Bitcoins' fall was, Bitcoin grew so gradually last year (literally without any reason, but it was all the speed of patience that was held for years before that spike). Considering my analysis over Bitcoins, I can say that every time Bitcoin spiked, it used to come back down to levels that were at least 1/4^th or 1/5^th, I think Bitcoin has already reached its bottom this year and it should carry the rally from now on by taking over the markets with great events coming one by one.


I believe this might be true in a case if those scammers were (ever) able to DUMP Bitcoins over markets.
If things are busted, I believe that their effects would also get over sooner, because everything is clear and Bitcoins are (maybe) under the possession of authorities from that point of time because they might auction those coins or may never let us us, which may then be considered as burnt coins as they won't be coming to the markets as the country (India) is not in favor of crypto (not at least currently).

when we see the situation of bitcoin prices that are constantly falling, what can you do? is it only enough to read articles about information only. ask for instructions and suggestions. Thank you for the time.

regards

indoagung

Listen to this episode of the BitcoinNews radio show. We discuss how fiat currency is going to inevitably collapse due to debt and money printing, and we strongly advocate using Bitcoin since it’s the best alternative to fiat.

https://anchor.fm/bitcoinnewscom/episodes/Bitcoin-News-Radio-Show--14th-August-2018-e212tc

Also read... Will Bitcoin Accelerate the End of Fiat Currency?

Bitcoin has worldwide infrastructure and demand, giving it value anywhere you are on Earth. It is a solid alternative to fiat currency with a fixed supply, so it won’t ever be devalued by money printing. There is no central organization leveraging Bitcoin to pay for budget deficits, unlike all the fiat currencies.

The mere fact that Bitcoin is a true alternative to fiat currency may very well accelerate the worldwide collapse of fiat currency some economists have predicted, including the US dollar.

Full in-depth analysis https://bitcoinnews.com/will-bitcoin-accelerate-the-end-of-fiat-currency/

Bitcoin Is Better Than Gold

Ultimately, if fiat currency collapses it is clear that Bitcoin is in a much better position to become the top global currency, due to Bitcoin’s advantageous characteristics. This makes Bitcoin much more ideal for international commerce and finance than gold.

Read more at https://bitcoinnews.com/bitcoin-is-better-than-gold/

I think the articles and radio show explain perfectly how Bitcoin will be the dominant currency in the future, and are good to show to people so they understand why Bitcoin is so important.

I am still optimistic about fortification

I was a famous digital currency analyst, recently that the digital currency market this year is stronger than it was at the same time in 2014. According to his tweets, there are a lot of ongoing purchases despite fear and surrender in the market. His vision was illustrated by a graph comparing the decomposition rate for the period from December 2017 to August 2018 and from December 2013 to January 2015

The market capitalization of the healthy grew from $ 8 billion at about the same time in 2014 to more than $ 108 billion now. Having acquired many acquisitions and reached a price point of close to $ 20,000 in December 2017, the value of the market has increased by more than $ 661 billion.

The 2018 index clearly indicates that there is much lower volatility in the price of the composition at this time. The relative stability of prices in the market can be attributed to the impending news that investors are eagerly waiting for. The US Securities and Exchange Commission (SEC), after its recent rejection of the proposed ETFs proposed by the Winklefos brothers, will announce its decision on nine ETFs in September.

I hope that I have delivered all and created hope again to those who lost

Many people are speculating if we're already reached the bottom of the bear market.

The truth is - that's not important. If we go up now from a strong $6000 base, or if we fall down to $3000 or even lower - that's peanuts. For sustainable growth, it doesn't matter.

What's important is that Bitcoin must become stronger as an ecosystem. You're fearing speculation and manipulation? The more Bitcoin gets used, the less influence the "big whales" will have. And you, the Bitcoin user - beginner, average Joe or advanced crypto geek - can do a lot for that.  

Here are some examples:

• The most important of all: USE Bitcoin. If there are services you regularly use and there is a business offering it for Bitcoin for a reasonable price: Give it a chance! Lists/portals with some options are here, here, and here. Or directly use a decentralized marketplace like OpenBazaar.
• Are you a freelancer or own a business? Accept Bitcoin for at least some of your work. Each good or service offered for Bitcoin can be seen as a buy order. So you're adding demand for Bitcoin without having to risk money (only perhaps some work, if you're really unlucky). You could increase your revenue offering Bitcoin-only promotions/specials - then maybe you could even convince some stubborn hodlers.
• Even better: Try to offer a stable, guaranteed Bitcoin price for at least a day. That can bring even more stability into the market.
• Or accept Lightning for micropayments, at least for a limited volume per day.
• Are you employed, but your boss is open-minded and a geek? Offer him to pay a part of your salary in Bitcoin. (I would not take my whole salary, it's still too unstable, above all if you have a family.)
• Do remittances directly with Bitcoin or with Bitcoin-accepting services.
• Lightning: Help with beta-testing! Lightning is one of the most interesting technologies if we want to see mass adoption. The more users testing and finally using it, the better!
• Test and discuss alternative scaling solutions, like sidechains or similar concepts.
• Become a Bitcoin/blockchain developer. The Core client may be a bit difficult to start with, but there are a lot of services that already are waiting for someone to write and/or improve it. The more devs, the better.
• If you have an idea how to improve usability, then propose and discuss it! If you're a developer, try at least a proof of concept. Or simply implement it . Bitcoin is an open source project, so you can do literally what you want with the protocol! (Added 8-16)

That's only a small list of some examples. Please add more in the discussion!

The more people realize that Bitcoin doesn't "grow" by magic, but by human contributions, the more stability and sustainability we'll achieve. And you don't have to be the new Satoshi to help. Just pay your pizza with BTC, for example.

How do I determine and invest in something which can turn on in the coming years.Like a person who invested in Bitcoin in 2009(when Bitcoin was less known and popular) had received a huge appreciation in coming years.How to sense and identify that Next Big thing?

I started reinvesting at $6180.  My thoughts are that the $5900 was a double bottom chart and we will be back to $8000 by Sept 21 (ETF deadline) with an expected "sell on the news" pullback then depending on that outcome, either sub $10000 or over $20000 by Jan 1.  ETF acceptance means little except it is a sign of future adoption by the big money.

What we need is bitcoin powered cellular service.  Every phone is free but has a mining app that is required to run in order to have service, companies that earn USD but take investment and pay dividends via BTC, and a country to adopt BTC as their national currency (hello Palestine)

-Isa

Binance is embarking on a new very pedagogical project. Indeed, the platform announced the launch of the Binance Academy. The objective is simply to inform investors in an objective way to help them better understand crypto-currencies and BlockChain technology.

People come and go, They buy and sell, At the end only the hodler wins. This is the market of cryptocurrencies, If you hodl and not panic, You'd win. Did you buy any bitcoin when price dropped to $6,000? If you did then now you are the winner because the price is no longer $6,000. Who wins 15 years from now when the price is above $50,000? The ones who are hodling now until then.

In an early Monday interview on CNBC on Monday, cryptocurrency advocate Meltem Demirors revealed that bitcoin’s real value is coming in real-time. However, the current situation regarding bitcoin price is rather unpleasing to investors and potential bitcoin users. Demirors stated that new technologies that shift the paradigm take a long time to get acquainted with.

https://coinpedia.org/news/bitcoin-will-gain-more-value-despite-investors-worries/