But what about the moments when the market is bearish? Prices can fluctuate very much, which can contribute to the outflow of customers due to the inability to rise in levels and buy any things.
I don't think that would have too huge of an effect on the game. The main objective of this game would be to make it fun to play, regardless of the fact that you can earn cryptocurrency with it. I could really see this work, I used to play a text-based RPG called CastleQuest, which also got reset after something like 2 months. Now that was something I really enjoyed playing for multiple years, starting over again every season. I assume this wouldn't be text-based though or what did you have in mind in terms of graphics? I wish doing text based was still a thing. I created a MUD back in the day (it's actually still running). Graphics could go from simple web app to MMORPG. |
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Mc for president  "you have for the first time in human history an ability to take control of your own life and be a free individual...don't let your greed destroy the finest and greatest opportunity that has yet been offered to mankind" https://www.youtube.com/watch?v=LzJwPd1QkTQYou do realise that is all idealistic bullshit. There is just a new set of elite at the top and the manipulation and bullshit is the same as it ever was enriching the 1% Getting bitcoin into the hands of the 1% easiest is to create a specific avenue for only the 1% to buy large quantities... oh but...the bitcoin price! How great it will be! It’s a pleasure to see that you’re not an idealist. You’re just greedy like the rest of us. Ya...would hate to have ideals. |
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Mc for president "you have for the first time in human history an ability to take control of your own life and be a free individual...don't let your greed destroy the finest and greatest opportunity that has yet been offered to mankind" https://www.youtube.com/watch?v=LzJwPd1QkTQYou do realise that is all idealistic bullshit. There is just a new set of elite at the top and the manipulation and bullshit is the same as it ever was enriching the 1% Getting bitcoin into the hands of the 1% easiest is to create a specific avenue for only the 1% to buy large quantities... oh but...the bitcoin price! How great it will be! |
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Mcafee is a drug addicted scumbag. He was taking bribes to promote shitcoins.
this guy is a money loving attention whore.
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"you have for the first time in human history an ability to take control of your own life and be a free individual...don't let your greed destroy the finest and greatest opportunity that has yet been offered to mankind" https://www.youtube.com/watch?v=LzJwPd1QkTQ |
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One thing which currently doesn't help BTC is there's two competing chains both mining BTC and BCH and dump BTC in order to keep going.
No...in the long run this definitely helps BTC. They need to dump BTC and start using that hashing power for the US military's weapon systems for aiming phosphorous bombs at children. It would help BTC to be rid of people that are out to destroy it. They are better off using their fiat currency and propping up the military industrial complex to help crash the machine quicker. |
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One thing which currently doesn't help BTC is there's two competing chains both mining BTC and BCH and dump BTC in order to keep going.
No...in the long run this definitely helps BTC. They need to dump BTC and start using that hashing power for the US military's weapon systems for aiming phosphorous bombs at children. |
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Thought about this before, but actually just on LBC itself (though yes, I'm slowly really liking Bisq and their volumes are creeping up ever so slowly) but you've got some major problems to get over with.
Merchants don't want to know what's going on in background, you're right, but I really don't see how this is possible when you're reliant on trading to settle the Bitcoin (someone's got to accept your trade and then pay). It's impossible to do instantly for one... So even on LBC with presumably good liquidity, you'd still not sell as quickly as a processor settles (settled amount for processor is at time of purchase, but settled amount for your trades could be very, very different). Merchants who use processors want predictability for cashflow.
Even with very high liquidity where you'd expect instant fulfilment of orders, it'd require constant tweaking of the trades, even on auto adjustment of percentage, you'll always get someone to jump the queue on offers. Then, you get people who cancel trades and you've lost 15-30 mins and the price is gone.
Maybe I'm missing out on the idea but it really doesn't seem workable. Doable but not workable.
No, you're completely right on most points. A credit card purchase may be "settled" in that price is the same...but the merchant doesn't actually receive the money for a few days. Settling a bitcoin transaction may be faster but the price could change if you're trying to batch several small transactions throughout the day. I think practically a merchant would need to choose a trustworthy or a couple of trustworthy traders (bisq would initially choose the highest rated, highest volume traders). It could almost be just a single trader they work with with the option of choosing another if they're not satisfied. Maybe there could be a way to instantly trade for tethers or some other fiat pegged currency and then have the bisq trader trade the pegged currency for fiat. |
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It's far from over.
2019 will be known as the dark year(tm copyright 2018).
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The world will go back to metals again as money no matter how much kicking and screaming the banks do to try and prevent it.
I hold crypto and metals. And hope many others would too. But people are just very stupid. Just tell them to buy some real gold. The question is "What do I do with it?" If five percent of the people used every month five percent of their income to gold and silver, the price would go up sure. The greater real demand would also make price manipulation much harder. People could use physical metals to pay each other directly. And avoid every tax and KYC/AML. But no, people are stupid. Start your own facebook. Make it better, shinier, with more buttons. Technically better in every way. Now see if you can get people to use it. I guess people are now slowly migrating from facebook to gab.ai. How to run a con: Step 1. Promise you'll defend free speech. Step 2. Take money from 'investors' (see, e.g., https://www.startengine.com/gab [$1.07M] and https://www.startengine.com/gab-select [$5.67M so far]). Step 3. Ban 'controversial' accounts (to appeal to more investors). Step 4. Who cares? You already got yours. |
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How long is it anticipated that the BCH war will go on? Surely they’re not going to continue making losses and/or selling bitcoin to support that rubbish for long?
Imagine if CW gives up & we’re back at 10k before NYE.
Too much to ask?
Even better...both sides that are dumping their BTC for this war...don't come back. |
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But...if the price is crashing so much...what about the tax revenue for the US war machine?
Please don't sell at a loss...think of the poor third world children that have never seen the glow of phosphorous before.
Don't worry. Saudi Arabia is picking up the slack. Thank Allah. |
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But...if the price is crashing so much...what about the tax revenue for the US war machine?
Please don't sell at a loss...think of the poor third world children that have never seen the glow of phosphorous before.
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As far as I know, there is no such plans for such integration but I'm curious how do you suggest doing that? I'm not sure I fully understood but basically, you want the business to run BTCPay/Bisq where they basically accept bitcoin payments automatically and send funds the money (fiat) to the other party? Wouldn't that defeats the whole purpose of Bisq and also cause problems when it comes to disputes/arbitration etc.?
You can use bisq to send bitcoins and someone there will send fiat to your bank account (or whatever payment method you choose). Just like on localbitcoins. The merchant wouldn't care about what's going on in the background. Someone pays the merchant via BTCPay in bitcoin, the bitcoin is then moved to their bisq wallet (maybe it accumulates to a certain threshold. Then once the threshold is met, it executes a sell order via bisq. The buyer transfers the money and likely the merchant needs to verify with his app that he received the funds. Same as accepting bitcoin, then transferring the BTC to bisq or Localbitcoins and selling it...just in an automated way. Would be better with lightning network due to the amount of transfers. I've personally bought a car by selling bitcoins on localbitcoins and giving the trader the bank account of the guy who sold me the car. Since he was French and I didn't have a french bank account. Should be able to do the same for merchants. |
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Scary thing is...the last dip dropped below the previous ATH.
The previous ATH in this case is $1200.
Ironically enough I got like 6 job offer e-mails in a row yesterday. Looks like it's time to go back to work.
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I think this has shown that we're going into yet another crypto winter. Last time it was over 2 years.
Remember, the last halving was 2016. The price didn't start rising until a few months before the halving.
Next halving isn't until 2020. So strap yourselves in...take a break from the bitcoin price...or plan out your next 2 years to gather as much bitcoin as possible.
Personally when it did this last time I told my boss that I would take whatever shit job he had anywhere in the world as long as it paid a lot of money. I got a job in Afghanistan and made a lot of money which I poured into bitcoin. Also, google minimalism. Downsize your life to a suitcase.
Thank you for the advice, I already live like a pauper so I can't minimize anymore. While I have a sizable sum in btc, I do have more in other areas so it's not like I'm all in or anything, I can definitely wait tiill the next bull run and 2020 is nothing really. I'm guessing by your response, you are still positive despite, what you see as btc getting more difficult. If true, this does make me feel a little better, as doubts are starting to creep in, same as in 2015 funnily enough. I just need to get good at fishing. And eating fish every day. |
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Remember who you're selling to (at a discount).  |
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what pisses me off about this whole thing, is the people who celebrate it.
Bitcoin is what can free people from financial oppression and ever increasing loss of fiat money through inflation. Yet, people who shouldn't want this thing to die do. How the hell can you hate freedom, which in my mind is what btc is.
Most don't realize that. Most saw 100% price increase and started thinking "I want a lambo...time to buy some of this bitcoin thing". The reality is...no matter how much things are advancing, less merchants are accepting bitcoin. Mainly thanks to Coinbase dropping their merchant sector and Bitpay switching to BCH. The whole point of bitcoin is slowly degrading. I used to be able to live on bitcoin. Now I'm paying for hotels online with a credit card. This is kind of disturbing, I didn't realize that it is getting harder and not easier. You've been here for a while Elwar, what do you think of the future of btc and it's prices? I think this has shown that we're going into yet another crypto winter. Last time it was over 2 years. Remember, the last halving was 2016. The price didn't start rising until a few months before the halving. Next halving isn't until 2020. So strap yourselves in...take a break from the bitcoin price...or plan out your next 2 years to gather as much bitcoin as possible. Personally when it did this last time I told my boss that I would take whatever shit job he had anywhere in the world as long as it paid a lot of money. I got a job in Afghanistan and made a lot of money which I poured into bitcoin. Also, google minimalism. Downsize your life to a suitcase. |
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what pisses me off about this whole thing, is the people who celebrate it.
Bitcoin is what can free people from financial oppression and ever increasing loss of fiat money through inflation. Yet, people who shouldn't want this thing to die do. How the hell can you hate freedom, which in my mind is what btc is.
Most don't realize that. Most saw 100% price increase and started thinking "I want a lambo...time to buy some of this bitcoin thing". The reality is...no matter how much things are advancing, less merchants are accepting bitcoin. Mainly thanks to Coinbase dropping their merchant sector and Bitpay switching to BCH. The whole point of bitcoin is slowly degrading. I used to be able to live on bitcoin. Now I'm paying for hotels online with a credit card. |
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Preparing myself for surviving next two months. Want to forget that I own bitcoin.
Any tips?
Google minimalism. |
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