Hi,
After long search and many similar projects, the market needs new ideas and projects to fill the market and mature it, if you are looking to start something but dont know what, here are some ideas:
1- Exchange in Africa with african fiats.
2- Accept cash for ICOs.
3- Uber of everything but accepting/paying in Alt coins not just BTC (Everthing)
4- Craigslist of everything but accepting/paying in Alt coins not just BTC (Everything)
5- adsense alternative but accepting/paying in Alt coins not just BTC.
6- Scammers/fraud exposers wiki (You want to alert about someone, pay something very minimum, plus verification of the scam)
7- Huffington post cryptocurrencies alternative. (Freelance writers)
8- Global exchange ( Accepting all fiats, accepting all alt coins)
3, 4 & 7 someone should get us that quickly.
I think we need especially something like #6 on this forum that is pinned to the top of every marketplace/dealing in bold font. We need to be able to warn new users about potential scammers on this forum so that they don't have bad experiences with Bitcoin. |
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I have no idea if casino will ever accept bitcoin as exchange for chips that is used in gambling.
Online casinos (especially the ones that are targeted at Bitcoin owners) do accept bitcoin. As far as I know, real casinos only accept fiat currency of the country that you are in. Just like there's no way to use Euros in an American Casino, you need to convert Bitcoin to USD before you can use it in a casino. |
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Please make a prediction for BTC, not a preference:
$1,800
If the current Bull market is over, history says it will take years to rise again and the bottom will be well below $1,800.
Of course, well established patterns can be broken, but the collective behavior of "Real People" tends to be predicable.
or $7,000
A solid blast above $5,000 will signal the "trend-followers" that the party is still going and $7,000+ should come within a short time.
This could take a while, so unedited posts are entered to win the huge prize that comes from knowing you were correct.
$1,800 or $7,000: Which comes first as we go forward?
I really don't think Bitcoin will drop all the way down to 1800. The rebound price is around 2500 in my opinion. A lot of people have set themselves a buying point at 2,500 and even at 3000. When they purchase, it's likely that the market will go back up. I think there's a while before we can get there, but 7000 might come before 1800. |
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Im a N00b. I noticed that most of the top altcoins price went down when btc price went down. I bought some bitcoins so i can buy some NEM. I was wondering if I should wait a little while for the price of btc to go back up or would that mean that NEM prices would most likely go up too?
Technically, each coin is supposed to be individual and its own market. However, what happens is that bitcoin's value impacts the values of other altcoins and cryptocurrencies. Remember that Bitcoin has the largest market cap out of any other coin created, and it's by a significant margin too. With this in mind, when you see bitcoin dropping or rising, chances are, altcoins will too. |
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Interesting post OP. I support what you're saying 100%.
One thing to mention, if it becomes possible to sell in game items through a 3rd party, second hand, market via crypto. While that would be great(!) selling prices would likely be much lower than buying prices similar to how baseball card shops and collectible outlet operate.
If someone owns a baseball card worth $100 they might only get $50 for it if they try to sell it to a shop that deals in collectibles. The same principle could apply to a 3rd party that buys in game items. The only way they could turn a profit is to buy at a lower price than they sell.
It could also open the door to crooks and scammers stealing in game items (which are less protected than crypto) & cashing out via crypto -- basically money laundering.
What might really be cool is if a big name game like "starcraft 3" had micro transactions and all of it was in crypto. That way it would force people to use crypto (which could be much easier and more intuitive than using fiat).
The concept is smart. The potential for a huge monopoly being formed with the first big crypto-gaming token is something gaming companies should soon realize, if they haven't already. Such tokens geared towards giving players a way to not only transact with, but could also serve as a type of investment vehicle for those wishing to support such a system. Digital assets holding value as a commodity, assets that were previously either impossible or far to difficult to sell, suddenly would have a very real, measurable and liquid value. This will not be ignored by the big boys. I think it's pretty sad that Steam has such a big opportunity here but their marketplace is killed with the fees. Furthermore, there's no way to get the money from Steam balance over to actual cash. These up and coming altcoins will definitely be big competitors for the Steam marketplace. It's possible that an altcoin could be integrated into the marketplace, but I don't know if Steam is ready to give up their nice % returns off trades. The push towards the gaming industry is not something that should be ignored at all. |
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There are many industries the blockchain will disrupt, but there’s one that with the right crypto implementation will grow at an insane rate: games.
The gaming industry is worth around 100 billion dollars in 2017, and it will only keep growing. Millions of people around the world buy items, skins, in-game currencies, and other game assets, every single day.
Now, when these gamers are done with one particular game, all those assets they spent hundreds of dollars in, become nothing. They are now literally worth $0.00.
So let’s say someone could use some futuristic magical technology, *cough cough* the blockchain, to turn them into actual value, into something that they could own forever, trade, sell, or import into other games they want to play. It sounds obvious, as it should have been like this from the beginning and that means that, sooner or later, it will happen.
Want a sneak peak of the future of gaming? take a look at Steam where users can sell their game-assets to buy new ones from the same or a different game, or even buy a whole new game. The problem comes when users are done with the platform, they become hostages because their assets aren’t really theirs, they can’t cash out.
Even though this is a flaw, the gaming marketplace model is proved to work and is amazingly successful — there are millions of users already used to managing currencies with a specific purpose.
In the specific case of Experimental, users will be able to play with their e11, and whenever they win a battle, they can literally cash out to Ethereum, and then if wanted, to USD.
Companies that give true ownership to their users will lead the gaming revolution to come. It might seem that this is only a benefit for the users but truly it’s not. There are hundreds if not thousands of opportunities for the current market leaders to own the new economy — but the same rules apply for boutique game studios, and democratization is not always well received when you’ve built a $3billion gaming empire based on antique rules.
This analysis could be done for almost any industry and the result will be the same: Fortune1000 companies will have to adapt if they want to survive.
The blockchain brings with it a set of values that will have to be adopted by all of us, decentralization, democratization, and fairness. When will it show results? that burden relies on us.
You should check out enjincoin and their thread here on the forums. It is very similar to everything you outlined here. However, they moreso focused on the marketplace sense of gaming rather than the longevity of in game currency. I think the gaming industry is a boom waiting to happen for an altcoin. |
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And becomes a giant world currency...
Wouldnt there be quite the HUGE interest by govs of US, russia, china to own huge parts of it?
Currently it's much more probably to reach 10 or 100 dollars instead of 10 or 100 millions  All holders will have nightmares is next 2-3 month until there is a new high. 1 million is possible in very long-run. 10 or 100 - nope. I'd say we're pretty far off from the 10-100 dollars honestly. I think in the long run, bitcoin can maybe reach 10k. I don't know if it'll go further in the span of the next year or two. Beyond that, maybe in a few years, we can reach further, but that depends heavily on how blockchain technology is accepted and how governments want to deal with taxes and such. We'll see how it goes. |
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I doubt it will as well. I mean come on - Fiat has somewhat stable "price" but Bitcoin... Going from 2k to 5k and then to 3k in a few months, come on...
Volatility might be stabilized in the future. I think confirmation time could also be another issue with Bitcoin being used as fiat currency. As of now, you need to wait before you can actually get what you pay for because there is always a chance of a double spend unless those confirmations get through. |
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If you end up poverty, nobody will do the dirty jobs of the world.
The job of the poor is not to do dirty jobs. It is our job as people who are not affected by poverty, to help those who are get back on their feet. No one wants to be doing the dirty jobs; it just so happens that the poor are forced into doing whatever opportunity they get because they need to live. |
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I would never ever pay with bitcoin right now. It is still at beginning stage and because of its important innovation for the whole financial sector an invest for the future.
Are you saying that you don't want to spend it because you want to wait for the price to stabilize? If so, I think you're looking at Bitcoin as more of a stock than a currency. Currencies are meant to be used for trading and cash values. Stocks are much more of an investment and hold. Bitcoin is the merge of both, but I think it's important you take both parts of it into consideration when it comes to spending. |
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I got caught up in a ponzi scheme. I actually came out positive out of it. The member was taking investments and returning amounts + a certain % every week. No one knew how he was doing it. Turns out, he ran away with the money in a few weeks. However, I had close to 3 bitcoin at one point, and I saved 1 and put 2 into his investment scheme right when he vanished. It was a good lesson in mistakes though; I think the knowledge and understanding I got from the whole breakdown was more valuable than the coin itself.
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BTCC will be no more on September 30th. How do you see this effecting the price?
What is BTCC? are you talking about Bitcoin Cash? Im getting really confused at the people that talk about Bitcoin Cash in numerous different tags for the token. I have heard BCC, which also means BitConnect (same token), I have hear BCH, and I have heard BCS. This shows the lack of coordination and general mess that a hardfork can generate. The price of BCash will keep dumping. Any rises are artificial, there's no demand for it, look at the blocks. BTCC is one of the largest exchange in China, it's not a crypto coin. https://twitter.com/YourBTCC/status/908285586368167936 They will stop all trading on 9/30. Since it's one of the biggest exchanges, we might really see a pulldown of bitcoin price. Recent price dip creates a resistance at above $3,000 and swing to around $3,900 for few days with some changes at about $100 to $200 ups and down. So my guess is around $2,500 at maximum dipping point. I agree with this for the most part, but I'll say the price will be closer to 3000 than 2500. When people see the drop under 3000, I think there will be more buy orders; people want to buy low and ride the wave up. I think this will help combat the overall drop down to 2500. Crazy to see how much Bitcoin dropped in this past month, the volatility is insane. |
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I am wondering: do these interviews really affect the market?
When I want to buy bitcoins, I usually do some research in what I am investing.
I suppose everybody of us did that.
Do those interviews really make us sell? Or do we know anybody who sold because of the Dimon interviews?
They may not make us sell in particular, but they might make other weaker investors sell. Some people try to short bitcoin because of its strong volatility. Chances are, that these people are trying to take advantage of the fact that the market can go up very soon/go down very soon with news, so they put in buy/sell orders as they please. |
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I heard it's expensive there, especially in cities like New York. I find it weird how economics work. I mean, the most expensive city is Luanda, in Angola!
And it's not just the prices that have not adjusted. Wages basically stagnated and is unlikely to budge any time soon.
The cost of living is pretty high there. I haven't been to New York but from what I heard, the prices their are crazy that even their freakin' coffee costs so much. Perhaps that's what OP wanted to point out. America used to be land of milk and honey, everyone wanted to migrate their back then with the hopes for a better future. Right now, everyone's working really hard and sometimes forced to have double jobs just fend off for themselves. I personally think that a million dollars could go a long way but if the cost of living is too high, then I guess in a way it would still make you poor. No wonder more and more Americans are choosing to retire abroad. Plenty of them here in our country, usually in the hospitality business. That $1M would go a long way here in Asia. I don't know any of them, but most white expats I see on TV seem to have entered the resorts business. Can't blame them. Just buy a beachfront property, build some cabins and cabannas, and you're good to go. Passive income while spending your days on the beach. The difference is sourced from the population and the strong presence of a lower class in Asia. The US has such a large amount of millionaires and due to the opportunity options here, the price of living and housing is hiked up significantly. More urban areas always have that strong upper class population that makes the cost of living higher. |
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Blockswater, an algorithmic liquidity provider, has filed a market abuse report against Jamie Dimon for "spreading false and misleading information" about bitcoin.
The firm filed the report with the Swedish Financial Supervisory Authority against JPMorgan Chase and Dimon, the company's chief executive.
Blockswater said Dimon violated Article 12 of the European Union's Market Abuse Regulation (MAR) by declaring that cryptocurrency bitcoin was "a fraud".
The influential executive last week slammed cryptocurrencies, pushing the digital currency to a three-week low.
Dimon said he would fire an employee who traded in cryptocurrencies for being "stupid".
The complaint said Dimon's statement negatively impacted "the cryptocurrency's price and reputation". It also said Dimon "knew, or ought to have known, that the information he disseminated was false and misleading".
"Jamie Dimon's public assertions did not only affect the reputation of bitcoin, they harmed the interests of some of his own clients and many young businesses that are working hard to create a better financial system,” said Florian Schweitzer, managing partner at Blockswater.
Blockswater said JPMorgan traded bitcoin derivatives for their clients on Stockholm-based exchange Nasdaq Nordic before and after Dimon's statements, which Schweitzer said "smells like market manipulation".
Blockswater works with blockchain-based assets based in London and Austria. http://www.cityam.com/272451/jamie-dimon-faces-market-abuse-report-after-his-comments/Another source: http://www.zerohedge.com/news/2017-09-21/jamie-dimon-faces-market-abuse-claim-over-false-misleading-bitcoin-comments... Jamie Dimon and JP Morgan could face legal repurcussions from their negative statements against bitcoin which were partially responsible for the last drop down around $3,000. If Dimon is penalized it could lead to lower bitcoin/crypto volatility over the long haul. Is it interesting that a decent proportion of crypto volatility could be due to social implications rather than technical ones? It is very interesting how bitcoin works. With stocks, you follow technicalities such as how a company is doing and what their earnings to date have been. For bitcoin, however, you need to keep up not only with the use of blockchain technologies, but also the news stories surrounding btc. It's part of what makes bitcoin bitcoin. As for JP Morgan, they are definitely in some deep shit right now. |
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JP Morgan, the global banking giant, has bought 19,102 bitcoin shares in the Swedish Nasdaq traded bitcoin ETN, translating to around 95 bitcoins, worth some half a million dollars.
They also sold around 9,000 shares, translating to some 40 bitcoins, seemingly keeping the rest, at least for now, according to data provided by the ETN.
 http://www.trustnodes.com/2017/09/16/jp-morgan-buys-bitcoin-price-rises-20How funny is that? The CEO of JP Morgan goes on an interview and says Bitcoin is a fraud and everyone trading Bitcoin on JP Morgan is an idiot and will be fired. Price crashes and hours later the buy a lot of BTC. Looks like panic sellers got played out by the whales again. I saw this and isn't it possible that one of their clients wanted to put money into bitcoin? Are we sure that JP Morgan themselves put this buy order or do we know if this was for some customer who potentially had a lot of money to dump into BTC? I think it's also a tactic that the CEO used to get the BTC price lower to buy. |
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Hi All,
I have just over £500 to spend and I'm not sure where I should be investing this.
Do I buy a small fraction of a bitcoin or buy 2 ethers?
What would you do?
I'm looking for some long term investment.
Also, i'm hoping to contribute £100 per month towards either one but not sure which direction I should be taking.
Many Thanks
Do some research in coming altcoins. You can maybe even catch a legitimate ICO that is promising. One that I have recently seen is EnjinCoin, which has a huge base in terms of all gamers across the world. 500$ may not seem like a lot, but it depends on where you invest and what you make out of it. Currently, putting into Bitcoin might not do you much good. |
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Yes nobody knows how many years it will last, but maybe bitcoin will stay in here until banks and governments decide to make a complot and start the war against bitcoin.. Nobody knows yet, maybe it can happen, or maybe not. But bitcoin is here to stay, unless the banks decide to defeat it.
Maybe some altcoins will survive a few more years than bitcoin
I think the key point here is that altcoins could last further than bitcoin. There are so many stocks in the market -- just because one has the highest market cap does not mean that it is the best stock to invest in. Just like that, Bitcoin may not even be the crypto that lasts into the future. It could be Ethereum, Litecoin, maybe even a coin that hasn't been invented yet. However; it's all about the acceptance of bitcoin across the world that determines if it will survive or not. |
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Just look at what a million dollars can get you. A 76 square meter apartment at the capital.
I'm sorry but that doesn't sound like being rich to me. That sounds like massive inflation has happened and we just haven't adjusted yet.
I have more faith in my worthless crypto-tokens over their worthless monopoly money they can print for themselves and their friends.
Fractional reserve masturbation economics don't reach me anymore.
Note that the United States spreads far beyond just the capital. Texas is a state that's growing in popularity for people to move to, and since there's so much land available, prices are much better. Take a look at this: http://www.chron.com/homes/article/What-million-dollar-homes-looks-like-around-Texas-10606493.php#photo-11785895I think a million dollars is definitely a sum that has lost its value in terms of word, but it still definitely can help you get by in life well. |
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Well I've ridden many waves with BTC (yes check my bitcointalk account joining date) but have recently sold down (not completely out). Here's my reasoning. 1. The Roger Ver vs Core discussions - I think he's right and would rather move to BCH than stay in BTC (this was nice watching https://www.youtube.com/watch?v=3R8ckM-TDHI). I get some of Cores arguments but it took way too long for me to move coins recently (and I paid a 'high priority' fee)... and that's just a crap user experience that i wouldn't get with other coins. I've been in application development for approx 20 years and have seen many discussions between tech geeks and business users... this just seems like another variant. Personality wise the core team seem very geeky (just look at the photos) and I'm guessing they all share very similar personality traits so they fail to see or identify with a diverse range of opinions (disclaimer - i don't know them personally so i may be wrong) . 2. The uncertainty in November with another fork. I'm guessing it won't go smoothly but difficult to know what will happen. 3. The china issues... there's enough threads on it but difficult to tell which way it will go in the long run. 4. I wanted some money, always comes in handy 5. My gut feel - Since inception BTC has always followed a trend of a really high jump in price, followed by a few dead cats bouncing, followed by carnage... which i believe is still to come in the next month or so. If BTC drops to less that 2K, i might buy back in... but I'll probably only buy BCH or see what other BTC fork comes out of November. good/bad decision? Goodluck, The Fajman I have a feeling that you'll get a lot of people disagreeing with your choice. Bitcoin will always show promise to someone, no matter how much it drops or rises. However, I dumped after hodling and investing over the time of a year because of your reason #5 (I needed some cash). No matter how well BTC does, gotta put your own personal status above all else. |
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