Not once the ETF hits. Once that happens all the early adopters, and major bitcoin holders wont be able to manipulate the market anymore... On the flip side.. the market still will be manipulated, just by the banks and the hedge funds...
How's that? What will prevent major holders from manipulating the market? Ummmm... How about the TRILLIONS of dollars that's managed by the banks and the hedge funds.  Whats a 5B market cap to people who play with trillions???  Doesn't matter. Sure, it won't be possible anymore to manipulate with few thousands $, but we're talking about majority BITCOIN holders. Those will still be able to play with the market price, maybe not for long, but still. You dont get it.. Obviously, that's why I asked. What's going to prevent Satoshi from crashing the price if he decides to dump his 1 million BTC? ELI5? |
|
|
|
The 11% figure relates to the ordinary Black Friday and is nothing to do with Bitcoin at all.
Damn, you're right. Somehow I missed the word "traditional". I edited the OP. |
|
|
|
Not once the ETF hits. Once that happens all the early adopters, and major bitcoin holders wont be able to manipulate the market anymore... On the flip side.. the market still will be manipulated, just by the banks and the hedge funds...
How's that? What will prevent major holders from manipulating the market? Ummmm... How about the TRILLIONS of dollars that's managed by the banks and the hedge funds. Whats a 5B market cap to people who play with trillions??? Doesn't matter. Sure, it won't be possible anymore to manipulate with few thousands $, but we're talking about majority BITCOIN holders. Those will still be able to play with the market price, maybe not for long, but still. |
|
|
|
Not once the ETF hits. Once that happens all the early adopters, and major bitcoin holders wont be able to manipulate the market anymore... On the flip side.. the market still will be manipulated, just by the banks and the hedge funds...
How's that? What will prevent major holders from manipulating the market? |
|
|
|
Spending BTC while the price is low, allows you to re-up your BTC for a cheaper price.
How exactly would that work? I'm missing something here.
These guys most likely hold their coin as investment, and are only willing to purchase stuff once Bitcoin reaches a high rate.
I reckon, for many people, especially those who are not registered at any BTC/fiat exchange, buying stuff with bitcoins is equivalent of cashing out (selling for fiat). And it make sense, if you're keen to sell your BTC at current rate and you also need new pants, it's better to buy those directly with BTC. |
|
|
|
From BitPay blog: - Sales down 11% from last year, but [ edit: this relates to 'traditional Black Friday'] - 82% increase in the number of merchants who completed transactions compared to last year’s BBF I think the sales decrease is mostly due to lower BTC/USD price. During the last BBF bitcoin had its momentum. More details here: http://blog.bitpay.com/2014/12/09/bitcoin-black-friday-2014-recap.htmlThis year we saw an 82% increase in the number of merchants who completed transactions compared to last year’s BBF. While last year many of the discounts and deals were for bitcoin related technology, like bitcoin mining equipment, this year a broader range of retailers were offering bitcoin-specific deals on a wider array of items.
From 2013 to 2014 we witnessed a shift in spending patterns. Last year a large portion of the transactions were for bitcoin mining equipment, while this year we saw more spending on traditional ecommerce merchandise. Both Gyft and NewEgg experienced their best day of bitcoin sales ever. Gyft had 62% more transactions this BBF than last year, while increasing the value of purchases by 139%. NewEgg set personal records for total dollar value of purchases, as well as number of transactions. Amagi Metals also had their highest amount of bitcoin orders in one day. Other merchants with notable volume on Black Friday include: TigerDirect, Adafruit and Namecheap.
With traditional Black Friday sales down 11% from last year, it’s it’s important to recognize that bitcoin is being used for a variety of traditional products and services now. This Bitcoin Black Friday may signify a move forward and toward mainstream acceptance of bitcoin. |
|
|
|
|
I'm positively surprised. That's an improvement. A year ago feedback would probably be far worse. No one said anything about "ponzi", "pyramid", "no intrinsic value" or other BS.
Thanks for sharing
|
|
|
|
400 BTC wagered and more than 500,000 bets now, thanks for playing guys!  But the profit is in negative. Is 0.5% house edge Safe? By the rules of math it should get positive eventually. Sure, thank you for your interest to invest. Please wait up to 24 hours, we will open your investment in the next patch It's still locked for me. |
|
|
|
+1 for Monero, Viacoin - not so much. I think there is/was no activity at all for Novacoin, so replacing it with Monero could be a good move. |
|
|
|
Interesting concept of combining mining and lottery. Every 10 minutes, you have a chance of 150/300,000,000 to get 25 BTC: Technobit with the use of Spondoolies Tech's state of the art RockerBox ASIC are committed to furthering the decentralization of the bitcoin network .
. In light of this,We are proud to announce its latest personal miner/ personal blockchain lottery device , the DICE single ASIC USB miner.
DICE is delivered with set of Win/Linux software that allow the use of the device 2 ways:
1. As an entry level mining device to work with a mining pool in order one to taste the Bitcoin mining.
2. As a personal Bitcoin lottery device - Customer installs software and do solo mining testing his luck.
There are two options provided with local node or CKpool based solo pool. http://technobit.eu/index.php?id_product=93&controller=product&id_lang=1Thoughts? |
|
|
|
indeed but as far as i know they dont take a fee so they dont make profit if im right... dont know how they will pay the sig campaign, ill contact the owner I'm not very familiar on how it all works, since I only discovered this site few minutes ago. But they do offer affiliate program with 5% of service fee. So there is a fee. EDIT: found it: How Does it Work?
Gambit takes a 1-2% service fee (rake) on all games with a buy in wager greater than 0 Bits. As a referrer, you receive 5% of Gambit's service fee for every player in the game who was referred by you. Example: 2 player game with a buy in of 100K Bits. Pot size would be 200k. Assuming a 2% rake, Gambit's service fee would be 4K. Assuming 1 of the players was referred by you, you receive 5% of 4K ... 200 Bits. If both players were referred by you, you would receive a 10% bonus, so 400 Bits. |
|
|
|
It is a online gambling game you play with Bitcoins, pretty much like the person vs person in the primedice.
Just in case someone wonders dafuq is OP about
The site looks good with those p2p games like backgammon, yatzy and dominoes, but there are not enough active users. Agree, it's looking pretty good but they could use some marketing. I wasn't even aware that such site existed. Sig campaign wouldn't be a bad idea |
|
|
|
|
Love the idea. Using bitcoin in online multi-player games of all sorts is definitely a way to go and there's a huge potential.
I like this quote:
“Any popular game that works with money like Candy Crush, Diablo, League of Legends works like this: You give them real money and they give you "game money" to spend within the game, and soon you're locked-in the game economy. We chose to use the reverse model so we can have a totally open game economy truly owned by the players and not a game company.”
|
|
|
|
What do you know about them? Glancing over their website, I can find some credentials that appear to check out, but only concern their trading business. I find pretty much nothing about their mining operation beyond a bitfury logo. Is there more?
I don't know much about them. Thought you may know some more. I asked them in their announcement post to provide some more info: https://bitcointalk.org/index.php?topic=874312.msg9779503#msg9779503 |
|
|
|
Hi. Can you provide some more info about your cloud-mining service? Couldn't find much about it other than 'mining provided by bitfury'. Do you own physical mining equipment and manage the data centre yourselves, or is it somehow outsourced? Would you be able to share your mining address and let us know which pool do you use? Since far too many of cloud-mining businesses turn out to be a common ponzis, any information would be appreciated. See this post for reference: https://bitcointalk.org/index.php?topic=878387.0 |
|
|
|
Thanks for the offer, but isn't your audience by definition very similar to freebitco.in? And your price (through buysellads) is much higher than theirs: $0.65 per 1000 impressions compared to $0.25. Are you able to match their offer when buying directly, or better yet - to charge per click? |
|
|
|
Exactly. Those visiting freebitco.in are mostly newbies working for their first mBTC. It would be a good place if you are advertising for another faucet or ptc site or something newbies can get free bitcoin.
On the other hand, probably only a small % of them are interested in gambling with their hard earned bitcoin from faucets.
That's probably true. But there's always a chance some of those newbies will learn that faucets are waste of time and will buy some BTC becoming potentially valuable customers. And surely there are few bitcoin-rich people among the freebitco.in users, mainly those who earn by ref links (top ref earners list is pretty impressive). Long story short - I didn't convert those clicks into profit. Theoretically it's still possible, but very unlikely. It still can be profitable on a large scale, in terms of dice sites, all you need to offset your expenses is 1 or 2 regular players wagering larger amounts. |
|
|
|
Actually, freebitco.in makes ~$1,800 USD worth of bitcoin every day! ...
How do you know that? Source? not them paying out, they're multiply game, i loose very quickly betting at very low risky nearly every time it's like getting hit by a car 10 times everyday.
What do you mean by very low risk? Then don't allow you to play below x2 multiplier, so you cannot play with chance to win over 50%. |
|
|
|
|
Show Posts
