Bitcoin Price Watch; Live Trade!An evening of intense playing turned fortunate for a player, as he bagged a whopping $112,400 win from his online bets.The crazy outcome took place at BitStarz, one of the leading online Bitcoin casinos, in one of their games.Amatic, as the grou...The Number One Way Billionaires Get Rich (And how you can too!)Ever wonder how most of these millionaires and billionaires got so rich?Take a look at Mark Cuban, who is worth $3 Billion.He made the majority of his money in the dot-com bubble, where his company’s stocks went from $19 to $6... Player at BitStarz Lands a $112.4k Win 8:58 pm June 23, 2017 An evening of intense playing turned fortunate for a player, as he bagged a whopping $112,400 win from his online bets.The crazy outcome took place at BitStarz, one of the leading online Bitcoin c... Blockchain Raises $40 Million from Google Ventures, Virgin Group and Others 5:30 pm June 23, 2017 Blockchain -- the cryptocurrency startup, known for its Bitcoin wallet and block explorer has announced yet another successful funding round.

The company has raised a sum of $40 million in the investm... Bitcoin Price Watch; Live Trade!4:27 pm June 23, 2017 We have come to the end of the week in our bitcoin price trading efforts and we are going to make this one quick.Because price looks as though it is about to set us up for a nice near-term bulli... DECENT Testnet Successful; Network Launch Imminent 2:43 pm June 23, 2017 Background DECENT has been a long time in the making.Their team formed a few years ago, partnered with NewsBTC in 2015, and finally held their ICO (back then a new idea) a year later.It raised an ...Windows Phone Users Can Now Access The BitPay Wallet 2:00 pm June 23, 2017 Mobile cryptocurrency wallets are all of the rages right now.Most of these applications are available on Android and iOS.However, there is also the Windows Phone ecosystem, which isn't getting a lot...The Secret to Becoming a Crypto Millionaire 11:30 am June 23, 2017 Are you a crypto millionaire?

If so, you probably bought into cryptocurrencies like Bitcoin and Ethereum very early.Early cryptocurrency investors in Ethereum saw their coins rise from $0.37 USD duri... Bitcoin Price Watch; Riding The Price Waves 11:23 am June 23, 2017 We have come to the end of another week in our bitcoin price trading efforts and it is time to put together some levels with which we can get ahead of the markets during the early morning session out ... Shortage of Graphics Cards Intensifies in Russia as Cryptocurrency Mining Becomes More Popular 11:00 am June 23, 2017 There is still a large shortage of graphics cards in various parts of the world.Things are getting out of hand in Russia, that much is evident.A new article shows how cryptocurrency mining in the co... Crypviser Makes Secure Online Communications System Accessible to Everyone 7:34 am June 23, 2017 The global communications infrastructure is currently riddled with concerns of privacy and security.

While people were always apprehensive about the online mode of communication, the recent incidents ... DASH/USD and LTC/USD Technical Analysis June 23, 2017 7:23 am June 23, 2017 Hello and welcome to News BTC’s Market Outlook June 23.DASH/USD The DASH/USD market initially fell during the day on Thursday, but found enough support at the $170 Regent turn around and ...I've written a paper that argues that it won't.A Simple Macroeconomic Model of BitcoinThe short version is that if you make a few assumptions, it turns out that the price of bitcoin is determined by the chances that bitcoin is spent rather than saved.ethereum arcade cityIf bitcoin becomes widely used, then it becomes something of a "hot potato" in which people are rapidly exchanged bitcoin which.ethereum 6 month chartdoesn't cause the price to increase.bitcoin exchange miami

The paper was written in 2/2014, and it looks decent a year later.Alexander Hirner has extended this model to argue that increased use of bitcoin will in fact make the price go down7th Etherum Meetup Vienna: Crypto Token Economy - Price of ETH, Bitco…His argument is that lots of people using bitcoin means that there will be fewer "stagnant" bitcoin causes a general price drop.by Tyler Durden Submitted by Charles Hugh-Smith via OfTwoMinds blog, If we refuse to recognize the high utility value of USD and its global ease of flow, then we will continue to misunderstand the demand for the dollar and its appreciation.litecoin worth chartI have covered the many reasons why the U.S.wiki bitcoin faucetdollar (USD) has strengthened in dozens of posts over the past 5 years, (Could the U.S.bitcoin halal

Dollar Rise 50%?, January 12, 2011), and I described the positive dynamics of bitcoin last summer in An Everyman's Guide to Understanding Cryptocurrencies (June 13, 2016), back when bitcoin was under $600.The USD (as measured by the US Dollar Index) has gained almost 40% from 73 in 2011 to 102 recently, and bitcoin recently topped $1,000 (trading at $909 as this article goes to print).These gains aren’t trivial, nor are they magic.bitcoin faucet trickThey are the result of basic economic forces: supply and demand, utility, liquidity, capital flows and risk management.bitcoin faucet trickCapital migrates to where it flows with the least resistance, i.e.bitcoin wallet new zealandto forms of capital that are liquid and offer low transaction costs—what I call ease of flow.

Capital also migrates to relatively safe havens that are liquid and offer low transaction/holding costs, and to forms of capital with global utility.Lastly, capital flows to the highest yield/return with the lowest perceived risk.Given these fundamentals, it isn’t difficult to understand why capital is flowing into USD-denominated assets and bitcoin.So what do the fundamentals suggest about the valuation uptrends in the USD and bitcoin?Have they topped out and due for a crash, or have they just started their appreciation cycle?To formulate a coherent answer, we need to consider two things: 1.The foundations of their value 2.The inability of central states and banks to control their currencies and their place in the global economy.Why Don’t the U.S.Dollar and Bitcoin Have Zero Value?There’s a fair amount of confusion about why currencies (or in the case of bitcoin, digital commodities that share the utility functions of currencies) that are unbacked by tangible assets such as gold don’t just drop to their tangible value, i.e.

After all, most USD are just digital entries and the rest are just paper.Bitcoin is also just a digital construct with no intrinsic value.The answer boils down to utility-driven demand.If, as David Graeber discussed in his book Debt: The First 5,000 Years, notched sticks are needed to pay one’s taxes, then notched sticks are in demand because they have an essential utility; notched sticks acquire value (i.e.become “money”) if you can pay debts (such as taxes) with them.As long as they retain this utility, they retain the value ascribed to them by the system that recognizes (or demands) payment of taxes in the form of notched sticks.A notched stick has near-zero tangible value.Its value is entirely a social construct, as a placeholder for the goods and services produced by labor and capital.It frustrates many observers that the U.S.dollar stubbornly refuses to drop to its intrinsic value, i.e.This peculiar resistance melts away once we understand that state-issued currency ("money") is ultimately a claim on the issuing nation’s wealth and capacity to generate wealth, and on the state’s ability to collect taxes from the residents and enterprises that are generating the wealth.

In other words, the value of state-issued currencies is not based on a tangible commodity such as gold but on the wealth generation capacity of the nation and the state’s power to skim that wealth as taxes, which can then be used to pay state debts.The state can (and as history shows, often does) abuse its privilege by issuing currency far in excess of the wealth generated by the nation’s people and enterprises.If the economy generates 10 units of new wealth (surplus goods, services and capital) and the state prints 20 units of new currency, the new currency devalues the existing stock of currency.If the state issues 10 new units of currency in alignment with economy’s expansion, the issuance will not devalue the existing stock of currency because the new “money” is in essence backed by new wealth in the form of goods, services and capital.The expectation that fiat currencies (state-issued “money” that is not backed by a store of tangible commodities) should all decline to zero because they have no tangible value makes sense only if we ignore non-tangible sources of value.

The wealth of a nation is tangible, and so is the state’s power to collect taxes to pay its debts.These are as tangible as gold once we realize that demand creates value, whether we consider it intrinsic or a social construct.In other words, even so-called “intrinsic” value forms of money are, beneath our cultural assumptions, social constructs.Once we understand that demand creates value, then the source of the demand matters more than our assessment of what is "intrinsic."There is a built-in demand for stores of value (the time-honored driver of demand for precious metals) but there is an equally built-in demand for means of exchange that offer all the characteristics listed earlier: liquidity, utility, ease of flow, relative safety, potentially high yield with low risk, etc. Those who focus on the scarcity value of gold to back a currency are overlooking the equally potent means of exchange sources of demand.Scarcity (supply) is only half the equation—ultimately, demand drives value.

If something with zero intrinsic value (notched sticks, paper currencies, digital cryptocurrencies) provides utility value—it can be used to pay debts and taxes, it is liquid, relatively safe and has low transaction/storage costs, etc.—then demand for the currency is what creates its value.Broadly speaking, any utility value that creates demand for the currency creates value.Creating new currency in excess of the expansion of its ultimate base, the economy of the issuing state, devalues the existing stock of currency.But if demand exceeds supply, the currency appreciates regardless of the expansion of the currency.This is what frustrates those who keep expecting the U.S.dollar to falter because new dollars are being created in what they reckon are excessive quantities.But if global demand for dollars exceeds supply, the value of the USD can only appreciate.This brings us to one of the most confusing aspects of state-issued fiat currency: the reserve currency.I have addressed the unique characteristics of the reserve currency many times, for example: Understanding the "Exorbitant Privilege" of the U.S.

Dollar (November 19, 2012).What many observers seem to overlook is the utility value of a reserve currency that can support the expansion of debt and currency in the nation that holds reserves of that privileged currency.In other words, the U.S.dollar is not just the currency Americans need to pay their taxes, or the currency used in the U.S.—it is a form of relatively predictable, highly liquid capital with low transaction/storage costs that is the collateral for the holding nation’s own currency and debt issuance.Why would any nation hold reserves of USD over, say, reserves of gold?One part of the answer is global trade and capital flows.Nations with surplus goods and commodities to sell on the global market will generally find buyers in the U.S.willing to buy the surplus goods and commodities with USD.That trade generates a flow of goods and commodities to the U.S.and a flow of dollars back to the exporting nation.These dollars have a variety of utility value.They can used to buy other goods and services globally, serve as collateral for loans, earn interest with low transaction costs when converted into U.S.