I'm also quite worried because I'm a trader and work is quite stressful when I only look at the charts. Every time the market goes down, I have to lose an amount of 5% - 7% because of stoploss.
But everything needs to be adjusted to have a historic pump. therefore, we need to live in a positive way to wait for wealth.

I'm not afraid of the current market situation, bitcoin still seem bullish to me and presently its trading at 9k and in January it was +3000$ this is a really big change and bitcoin halving is not far away anymore,im positive that altcoin time will come

Hello all!

My name is Kyle, I'm the President of a company called BitLux. We specialize in global private jet charter and have been in the industry for quite some time (I was raised in it).

I just wanted to introduce myself a bit and say hello!

The Beginning

I started my journey into Crypto in 2017 (great year, I know...) but it was an interesting one. I had someone repay me for lunch in Etherium and I just watched the entire thing happen.

At the time, and still today, I have relationships with some very high net-worth individuals in nearly every area of industry around the Globe, so I begun to as questions about crypto, what thoughts were, etc.

The Idea
One day, at a previous company that I used to run, a client of ours - very large in the cryptosphere - needed a last minute trip that totaled to about $108,000. Since we were not set up to receive anything in crypto, we had to charge the credit card, which had some pretty insane fees attached to it.

Shortly after that, about 20 seconds, it hit me like a ton of bricks - we should be using crypto for things like this. Taking prime advantage of every aspect of crypto. Instant payment (nearly), privacy, guaranteed payment, not having to deal with god awful merchants, you know the drill...

So, I kept asking around and found that surprisingly, many more of the top-tier people I work with on a daily basis hold cryptocurrency. It'd be a great idea to get a brand and infrastructure in place to facilitate the use of crypto-payments and utilization wherever I can.

The Start
In May of 2018, we accepted our first flight paid for in BCH. Everything went well and things slowed down a little on the crypto revenue front. However, this did lead to a great beginning.

Later, in 2018, October, we were asked by a crypto investment firm for other flights - these did go well. Luckily, we started using BitPay to start accepting payments, which prevented us from losing too much - no joke, 2 days after one of our paid invoices, BTC made the drop from $6k to $4k.

Sustainability
Over the course of the next few months, we began to have referrals in the crypto-sphere. In December, we had 5 different deals, all paid for with crypto across different areas in the Globe - Bahamas, the US, and Europe.

For the first time, I really started to grasp how much of a solution we were really providing. Three of the five trips that we had were last minute trips - one musician, one businessman, and one private couple had to be up in the air within hours - crypto was the ONLY way this could have been accomplished.

Current Status
So far, we've invoiced well over $200,000 in various crypto-currencies - which is fantastic. With a business that runs over $1m a year in revenue, having $200,000 in received crypto payments has been quite the accomplishment. We are slowly working our way into spaces where crypto is actively earned. We've found that while people hold crypto, people don't utilize it. Why?

Well, it seems fairly obvious that the majority of crypto holders and enthusiasts see BTC (mainly) as an investment vehicle. Which brings up a slew of other questions related to adoption and utilization. What will it take to actively earn crypto in place of fiat? How stable does a particular crypto have to be in order for people to feel comfortable using it? What infrastructure needs to be fueled with crypto before it is easily used?

Moving Forward
The best part is yet to come... Some of our long term goals include a lot more than simply accepting crypto. Believe it or not, Aviation as a whole has very archaic infrastructure and there is a lot of room for error in a lot of places. We have plans on the back burner (warming up) to look at replacing some of these archaic systems and place them on a blockchain. While I cannot delve too far into the exact metrics that we want to have regularly and securely audited, we can safely say we're happily looking forward to the future.

To sum up MY opinion on the future of blockchain tech and crypto utilization in Aviation - I think there are a lot of infrastructure needs that need to be met before the full utilization can take place - services like fueling, ramp handing, crew payments, etc. Once we get the majority of building blocks running on crypto payments and blockchain tech, it'll all come together.


Why am I here?
To read and respond! I have used public forums for tons of things in the past and I am surprised that I haven't stumbled across this until now.

I'd really like to hear input from people based on experience in watching markets make a transition to blockchain tech - not NEW industries, but rather how things have been shifting over from existing industries.

Looking forward to some discussion!

-- K

Really nice news to see how mitoshi successfully overcome different problems during IEO because of the market problem. This one really shows how Mitoshi prove themselves in the market industry! Congratulation !

I don't see any information regarding extended IEO. Not sure how much tokens they sold. But we should see the updates from team shortly

I don't agree with how this data seemed to be formulated, since it feels like it's been a completely arbitrary projection. But the general trajectory is certainly going to be that bitcoin's growth will outpace gold's growth in the long run.

Bitcoin is essentially the best digital substitute for gold as a store of value as we have right now. Even people at the Federal Reserve are admitting this (look at the news that just came out if you haven't already, regarding the Fed). It's also experiencing a whole ton more of adoption and thus, increase in demand than gold, not to mention the gradual paradigm shift of gold bugs to opening their minds to cryptocurrencies as a viable safe haven as well.



At the end of the day, as I said, I wouldn't put too much weight on the 25-30x figure he produced - since there is no clear evidence that he's used any legitimate analysis to reach that figure. But I certainly think that over the next few decades, despite gold's status of a global reserve currency will still be there, it will probably diminish somewhat.

There's no doubt that the mitoshi CEO has the interest of the community at heart, and that explains why we've been seeing his impact on several ways and in several occasions he's been around to enlighten the community. That's my definition of leadership.

This would be great, mitoshi needs to be creative in planning out the different lottery games and draws to be offered in the platform, to give everyone a chance to participate, both the novice and the professionals, creating an enabling environment for every one to strive. I believe with this the project would be successful.

Lottery websites like powerball, Aruba, mega millions are from these countries. They have been in the lottery industry for ages. They have this as an advantage, but most of these companies are stuck with old technology, and that’s where blockchain lottery apps like mitoshi has the opportunity to bloom.

That spells out some kind of discrepancies which I don't consider to be okay. There should be uniformity across the horizon because the business terrain is bound to change. People's patronage most times depends on their level of awareness which is influenced by publicity team

I am expecting some hourly,  daily weekly draws followed by one monthly big jackpot. This will be fun to play. Hourly draw can be with small amount but big entertainment.

I share your views cos as much good as having enough fund is,  it's not absolute criteria for success. The team have to keep up their game and garnish the project with concepts that will attract and hold people.  The marketing team also should be very strategic

I personally believe that despite the fact that there are several other blockchain projects with the lottery business line, mitoshi has been structured to be unique. The team has been working assiduously to bring innovation into the project and that has been visible in the area of creation of mobile applications and supports of fiat as well as several other modalities.

Exactly, No matter how many exchange they will going to have if the use case are not really that good it will still going to be on the  bad situation. I mean just like the other coins on markets they will just going to have a less volume.

Success from a project comes from the use case it offers the community. Listing in several exchange or bigger exchanges would at best help the price of the token to increase in a short period of time after which the true value would emerge. I suggest that the project should be natured and allowed to grow biologically.

Awesome. The discount on every purchase is really good. I think they should get listed on other exchanges and not just Exmarkets. More liquidity options would be better.