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      "body": "Congratulations @ashbi! You received a personal award!\n\n<table><tr><td>https://steemitimages.com/70x70/http://steemitboard.com/@ashbi/birthday2.png</td><td>Happy Birthday! - You are on the Steem blockchain for 2 years!</td></tr></table>\n\n<sub>_You can view [your badges on your Steem Board](https://steemitboard.com/@ashbi) and compare to others on the [Steem Ranking](https://steemitboard.com/ranking/index.php?name=ashbi)_</sub>\n\n\n###### [Vote for @Steemitboard as a witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1) to get one more award and increased upvotes!",
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      "body": "Congratulations @ashbi! You have received a personal award!\n\n[![](https://steemitimages.com/70x70/http://steemitboard.com/@ashbi/birthday1.png)](http://steemitboard.com/@ashbi)  1 Year on Steemit\n<sub>_Click on the badge to view your Board of Honor._</sub>\n\n\n**Do not miss the last post from @steemitboard:**\n[SteemitBoard World Cup Contest - The results, the winners and the prizes](https://steemit.com/steemitboard/@steemitboard/steemitboard-world-cup-contest-the-results-and-prizes)\n\n> Do you like [SteemitBoard's project](https://steemit.com/@steemitboard)? Then **[Vote for its witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1)** and **get one more award**!",
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      "author": "ppita",
      "body": "I recommend that you enter https://wcex.co/?ref=urq1g3D you will get 50 free WCX Tokens and 15% if you want to invest, this currency is now in the PRE-ICO stage and is the best time to invest!",
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      "author": "hotsauceislethal",
      "body": "Bitcoin is valuable because it has the First Mover's Advantage. Without that it would be just another alt-coin :P",
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    {
      "author": "cheetah",
      "body": "Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:\nhttps://cointelegraph.com/news/bitcoin-price-might-exceed-1-million-more-millionaires-in-world-than-bitcoins",
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      "author": "ashbi",
      "body": "![fg.jpg](https://steemitimages.com/DQmWBdx4Ge1q5NE5ax91DtkjfxsLZFWKHcL7cK33UtideNn/fg.jpg)While sources differ on the number of millionaires in the world, Credit Suisse estimates the number at about 35 million. This figure accounts for all “financial and nonfinancial wealth,” including assets, collectibles, and homes.\n\nThis is a remarkable number when compared to the total number of Bitcoins that will ever exist. While 35 million millionaires exist in the world, there will only ever be a maximum of 21 million Bitcoins. That’s right--there will never be enough Bitcoins in existence for every millionaire in the world to own even a single one.\n\nWhy is Bitcoin valuable?\nWhile you let that thought sink in, let’s consider what gives Bitcoin its value. Granted that there are numerous features we could cite, including a global network, an immutable Blockchain and a means to transfer wealth from one person to another without ever involving a middleman.\n\nThese are all fine features, to be sure. But what really makes Bitcoin valuable are two properties: scarcity and authenticity.\n\nDigital scarcity\nBitcoin has value for the same reason gold has value: people want it and there isn’t enough to go around. New gold can’t merely be created; one has to find a gold mine and go through the difficult, capital-intensive and expensive process of mining and refining the gold. Because neither governments nor factories can create more of it, gold is scarce. This scarcity imparts value.\n\nMany unusual items have been used as currencies or stores of value in earlier societies. One of the more famous is wampum, a necklace made from a certain kind of seashell that was rare in the Americas. A currency doesn’t necessarily have to be inherently useful in order to function, but it absolutely must be scarce.\n\nThis requirement for scarcity is the reason counterfeiting has such severe penalties. In fact, in earlier times, counterfeiting was punishable by death. Counterfeiters undermined confidence in a currency by making it less scarce. Doing so, at scale, could wreck an entire economy.\n\nAuthenticity\nGold has another feature that’s extremely important for any store of value or currency: authenticity. For millennia, gold has been used as both a currency and as a store of value. It has been prized throughout its history because of its scarcity. Gold has been used in money, in jewelry, in crowns and in palaces. Gold is universally associated with wealth.\n\nBitcoin lacks the thousands of years of history, culture and tradition that impart so much value and mystique to gold. It does have one feature, however, that distinguishes it from any other type of digital currency or asset. Bitcoin was the first.\n\nOf the thousands of different tokens that label themselves “digital currency,” Bitcoin is the very first. That grants it an important claim to the property of authenticity. There are many great altcoins, but none of them were first. None of them can reasonably claim to be the best. None have a higher market capitalization. Bitcoin is the first, has the largest network effect, is the most universally recognized and is authentic.\n\nAsset or currency?\nAs Bitcoin inches toward mainstream adoption, economists and finance experts debate whether it’s an asset or a currency. In terms of valuing Bitcoin, that argument couldn’t be more irrelevant. It doesn’t matter how people use Bitcoin; what matters is why people choose to own it.\n\nBitcoin’s future\nThe future of Bitcoin is almost certainly a bright one. Various analysts and traders have tried to guess the value of Bitcoin in the future, with some saying it might even reach $15,000 in the near term.\n\nBut forget about the near term. If Bitcoin is digital gold, then its long term value is what really matters. Bitcoin is rare. Bitcoin is scarce. The vast majority of people don’t own even a fraction of one.\n\nWhat’s Bitcoin’s long-term potential? Bitcoin could well become something so valuable that even millionaires can’t afford an entire coin.",
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      "body": "![kappa-mythological-creature.jpg](https://steemitimages.com/DQmT3x5FopKEvAH5mbwKVQ4aAH9P61V7LirAPbprqiFNfM2/kappa-mythological-creature.jpg)\nKappa\n\nCulture: Japanese\nBehavior: Hostile \nCharacteristic: Aquatic \n\nKappa are essentially water spirits of Japan although they look rather like a turtle. The Kappa are a sort of cross between a turtle and a monk. The most peculiar feature about them is the bowl they have on their head. Also their head is rather like a monkey's head, sometimes with a beak. they have the hair cut of a western monk.\nThe difficulty about being a Kappa is that you must always keep your head bowl filled with water and your face wet. For this reason Kappa seldom stay on land for very long.\nKappas harass travelers on the road but with children they are much more cruel. They drag children into water to drown them.\nDespite his serious and malevolent nature, there are some strange things about Kappas:\n1. You ward off a Kappa by writing your family name on a cucumber and throwing it into the area of which a Kappa lives. (This way it won't eat your children but perhaps the cucumber instead).\n2. To kill it, you trick it into bowing or standing on its head, which causes the Kappa to spill the water out of its head bowl.",
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      "body": "Good solution\nCurrently, bitcoin charts show there’s some profit taking happening right now and some healthy consolidation. Higher prices and new all time highs are possible as the one week, and shorter term charts still look bullish.\n\n Although, it is interesting to watch bitcoin’s (BTC) price go south when bitcoin cash (BCH) markets go north, as many speculators believe the opposite effect happened the other day. It’s too early to tell if these two markets will have any correlation with each other over the short and long term.",
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      "author": "cheetah",
      "body": "Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:\nhttps://steemit.com/bitcoin/@knaki/markets-update-bitcoin-continues-to-orbit-above-usd3k",
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      "body": "The past seven days was an interesting, and a very unusual week for bitcoin investors and enthusiasts. On August 1 the Bitcoin blockchain split into two branches forming another network and token called bitcoin cash (BCH). At the time some bitcoiners assumed the price was going to drop heavily after the hard fork. However, the price did not budge at all as it continued to command a $2700 per BTC value following the split.\n\n![wwww.jpg](https://steemitimages.com/DQmVBStxzNEo2MUMBvBSw9ysTn45QLUZBxg28A9YATVCm2W/wwww.jpg)\n\nThree days later, on August 3, bitcoin bulls began to rally hard breaking the key $2800 resistance barrier. After this point, history was made on August 5 as bitcoin’s price continued to rise higher and higher. Bitcoin’s value surpassed the $3K zone to an all-time high of $3340 across global exchanges. The currency is swapping $1B worth of BTC trade volume per day and capturing a $52.6B market capitalization at the time of writing. It’s worth noting that before the BCH chain arrived, bitcoin’s dominance was above the fifty percent range, but now even though in the $3200 territory dominance it’s down to 47 percent.\n\nTechnical Indicators\nLast week many traders believed a downtrend was coming due to the head and shoulders formation taking place just before the fork. However, bitcoin surprised these traders as the currency ascended higher and many futures traders who set ‘short’ positions before the fork likely got burned. At press time the 100 Simple Moving Average (SMA) is well above the long term 200 SMA indicating the bullish momentum should continue. In the short term, we will likely see some price consolation before climbing further. Both the stochastic and Relative Strength Index (RSI) show right now there may be some price oscillation for day trading entries. The 24-hour chart shows there should be some price action in the $2300 range as it will be a key resistance point. Moreover, there are sell wall mountains the size of Mt Everest at the $3500 level.\n\nMarkets Update: Bitcoin Continues to Orbit Above $3K\n\nThe Top Ten Cryptocurrency Markets                          \nEver since bitcoin smashed past the $3K price territory, nearly every other cryptocurrency market got a lift except for bitcoin cash. The newly formed bitcoin cash market struggled during its first few days and dropped to all time low of $200 per BCH. However, at press time and after some consolidation, the fourth highest valued bitcoin cash market has rebounded, and the token price is currently testing the $250 zone. The second most valued cryptocurrency market held by Ethereum is also doing very well, as one ETH has jumped to $260 after hovering just above the $200s.\n\nLitecoin, the fifth highest valued market is down roughly three percent as one LTC is $45. The rest of the markets in the top ten are doing well this week with NEM ($0.25), Ethereum Classic ($15), Dash ($188), IOTA ($0.42), and the newcomer NEO at $14 per token.\n\nThe Verdict\nCurrently, bitcoin charts show there’s some profit taking happening right now and some healthy consolidation. Higher prices and new all time highs are possible as the one week, and shorter term charts still look bullish. Although, it is interesting to watch bitcoin’s (BTC) price go south when bitcoin cash (BCH) markets go north, as many speculators believe the opposite effect happened the other day. It’s too early to tell if these two markets will have any correlation with each other over the short and long term.\n\nBear Scenario: There is some heavy resistance above the $3300 territory at the time of writing. If sellers continue to hammer bitcoin’s price downwards, then a drop to the $3-3100 range could easily happen. Further, a dip under the $3K zone could also be in the cards if bulls start showing exhaustion. Some bulls are already showing signs of stepping off to the sidelines to catch some scalps and breaks. For those looking for some bearish profit-taking watch for consistent bottoms and the RSI going southbound.\n\nBull Scenario: A few key resistance points to watch will be the $3300-thru-$3500 zones. If bulls can muster up the strength to break these areas, then we could see some smooth sailing close to the $4K range. Fibonacci extensions show scaling to $4K is possible as full extension predicts a $3800-4000 span. At press time there seems to be a flag pattern forming which means we could see further movement after a combination of renewed energy and consolidation.\n\nHow do you envision bitcoin’s price movement going forward? Let us know in the comments below.",
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      "author": "wekkel",
      "body": "$10,000 in three years is quite a modest prediction. McAfee's $500k is more in the right direction if we take into account (more than) exponential growth and Bitcoin's all-or-nothing perspective.",
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      "body": "![aaaa.jpg](https://steemitimages.com/DQmU9ws1PRkZL5jsv6MhDu9SsBv2GQnxmiPxABk95FYh965/aaaa.jpg)\n\nBitcoin price continued in its upward movement by conquering the $3,000 mark. This happened just days after the cryptocurrency was forked and Bitcoin Cash emerged.\n\nBitcoin is the first and always leading cryptocurrency. According to Kumar Gaurav, Founder of Cashaa - Auxesis Group, it had the longest time to successfully establish and mature when compared to any other cryptocurrency.\n\nThis success cannot only be seen in the continuous growth over the past years but also in the speed of recovery after so-called “crisis.” The fork has eventually turned out in favor of Bitcoin, with investors dumping Bitcoin Cash, buying more Bitcoin and altcoins, with almost all top 100 cryptocurrencies gaining massively.\n\nOther reasons outlined by Gaurav for his positive outlook towards Bitcoin include the fact that more institutional money is going into Bitcoin, with the price increase in itself attracting more investors.\n\nHe tells Cointelegraph:\n\n“There is increasing legal recognition, increasing media attention, a growing usability and acceptance, while the original, political reasons leading to Bitcoin's popularity are strong as ever. Most recently the EU announcing the possibility for it to freeze bank accounts to prevent banks from failing, reminding of what caused the first ever Bitcoin rally, the Cyprus savings raid.”\n\nBitcoin will be $10,000 in three years\nGaurav continues by noting that when looking at what Bitcoin has already become during its early years, despite having only a tiny fraction of the population alone supporting it for just some of its many advantages, most important of which is the freedom it brings to people in any troubled system, then we can only imagine how big of an impact we are starting to see now with established institutions and mainstream media finally embracing it.\n\nHe also notes that over the past years, Bitcoin price can be seen as a parabolic curve, which sooner or later will take it to over $10,000 in the next three years.\n\nBitcoin is not controlled by anybody\nAnother strong believer in Bitcoin, Simon Dixon, CEO BnkToTheFuture.com, emphasizes that Bitcoin is the only cryptocurrency in the world that is not controlled by anybody, is secured by the largest network of computer power in the world and has a sound monetary policy.\n\nDixon explains to Cointelegraph that Bitcoin has faced many challenges the latest of which was scaling. He notes that because nobody controls Bitcoin, it took three years of debate to reach the next phase for scaling solutions given the huge increase in demand over the years.\n\nNow with more scaling, Bitcoin can fill the huge demand that it is receiving as more and more use cases emerge and large pockets of money enter the market.\n\nDixon also notes that Bitcoin will definitely encounter more challenges in the course of its development as the community works to improve scalability further, solve more privacy problems and other features the community feel is important.\n\nThere is an increasing demand for Bitcoin\nAbout the rally in Bitcoin price, Dixon says that we are pushing past $3,000 as it has been proven that Bitcoin truly is controlled by nobody. No matter how hard people try, the money supply is being sucked up by higher and higher demand as Bitcoin becomes more and more useful.\n\nHe also says:\n\n“I remain bullish as alternatives to Bitcoin keep adding value to Bitcoin and proving there is only one store of value in the crypto market. At the end of the day, people speculate and invest in alternatives, but there is only Bitcoin that they run to as a store of value to lock in any profits or losses they make from alternatives.”\n\nDixon concludes by noting that central banks and governments will soon realize that holding Bitcoin on their balance sheet could be a wise move as financial institutions are realizing today. They will also create their alternatives to compete, but they will all be controlled, centralized and follow a similar monetary policy as traditional fiat money, providing more value to Bitcoin.\n\n“This type of financial innovation will only happen once in many people's life time,” he says.\n\nBitcoin is robust and diversified\nFor Michael Vogel, CEO of Netcoins, ignoring market hysteria and looking just at the fundamentals of what Bitcoin is clarifies its value proposition.\n\nVogel describes Bitcoin as a very robust and diversified cryptocurrency. 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