Cryptomultiplier (OP)
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July 15, 2024, 10:50:24 PM |
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*Could the obvious market price fluctuations, volatilities and trend movement at any moment, affect all cryptocurrency campaigns or Bitcoin campaigns such that existing signature campaigns cease to function accordingly?
Also, could the obvious market price fluctuations, volatilities and trend movements at any moment, hinder new upgrades and developments from being launched for new or existing exchanges?
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Apocollapse
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July 16, 2024, 02:57:15 AM |
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Price fluctuations or volatilities have no impact to signature campaigns if they paid in USD, if they paid in BTC or volatile coins, they might adjust the reward from time to time e.g. Bitvest, 777Coin, Eloncoin. Trend movement is subjective, as long as they still earn even their project aren't in trend, there's no problem at all.
Exchanges makes money from listing new coins, trading fees, withdrawal fees etc, there's no correlation with volatilities and trend movements, it also not hinder new upgrades and developments.
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electronicash
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July 16, 2024, 06:24:32 AM |
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been with Lightlord's campaign so i know it's real. this is why some campaigns chose to just pay in USDT as it solves the issue but the participants of the campaign somehow may not like it.
but i think overall if the bull market continues and the adoption of crypto spreads more companies are going to try to market their services in the crypto community such as this forum. and they have more USDT to pay for the marketing campaign.
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Gozie51
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July 16, 2024, 11:55:35 AM |
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Reasonably, I think the way it could affect signature campaign is through payment if they are paying out in btc because at such volatility, the fees astronomically increase making the campaign company incure more expenses in sending out weekly payments to participants. Also, for the btc payment they will be calculating the value of payment if converted to dollar and you will see they might be paying double or triple what the rate is. So must of the existing signature campaign would peg payment in stable coin especially usdt.
Regards to the opening of new signature campaign at the time, it is not suppose to affect it because they are suppose to peg every payment in usdt including that of campaign manager. However, it has not been so because over time new signature campaign is scarce during btc bull or volatility.
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retreat
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July 16, 2024, 12:17:23 PM |
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*Could the obvious market price fluctuations, volatilities and trend movement at any moment, affect all cryptocurrency campaigns or Bitcoin campaigns such that existing signature campaigns cease to function accordingly?
If they use payment in USD, maybe they won't be bothered by it. But if they use payments in Bitcoin, it might be a bit of a hassle for them to arrange payments because the price of Bitcoin may go up or down. But in my experience following paid bitcoin campaigns, the team pays us in dollar rates which are converted to Bitcoin, meaning whatever the price of Bitcoin, they only need to set the payment according to the rate agreed at the beginning. Even when fees are high, like some time ago when ordinal disrupted the network, they still pay. But maybe in other campaigns they will delay payment until the fees return to normal for them.
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arwin100
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July 16, 2024, 12:23:44 PM |
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*Could the obvious market price fluctuations, volatilities and trend movement at any moment, affect all cryptocurrency campaigns or Bitcoin campaigns such that existing signature campaigns cease to function accordingly?
Also, could the obvious market price fluctuations, volatilities and trend movements at any moment, hinder new upgrades and developments from being launched for new or existing exchanges?
Nope, those factor what you mentioned can't affect the existence of the campaigns. Since if you look at the history also the long time running campaigns of this forum you could figure out that whatever situation the market is facing they are still running good and didn't get bothered with anything related market activities. Maybe for now you can see less campaigns opening is due to some changes happened like banning of mixers in Bitcointalk. And we see a decline but maybe due to that restrictions. But for sure there would be a lot more companies will open up here and market their casino or other businesses thru signature campaign. Bitcointalk still the famous platform where a lot of people goes especially if they seek information about bitcoin or any crypto related discussions.
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Nwada001
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July 16, 2024, 01:51:21 PM |
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but i think overall if the bull market continues and the adoption of crypto spreads more companies are going to try to market their services in the crypto community such as this forum. and they have more USDT to pay for the marketing campaign.
I think it's the choice of the project owners to decide which of the payments will be more convenient for them. Even if they are paying with bitcoin and their pay rate is fixed in dollars, I don't think it will be a problem or even have any effect. To some point, I even think that the USD base pay rate is even more convenient for both parties; there is no need to be affected when the price goes up or when the price of bitcoin depreciates.
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AicecreaME
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July 16, 2024, 02:15:53 PM |
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It will only affect the price I guess, especially it's in USD so the negative news would make DXY dump making the value of USD decrease as well, I mean the exchange of USD to other currencies. Other than that, I think it depends what kind of market scenarios it is. Like for example, if the whole world economy collapse because of war, for sure it would be a disaster as well in cryptocurrency and to all of us.
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Jegileman
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July 16, 2024, 06:55:46 PM |
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*Could the obvious market price fluctuations, volatilities and trend movement at any moment, affect all cryptocurrency campaigns or Bitcoin campaigns such that existing signature campaigns cease to function accordingly?
Also, could the obvious market price fluctuations, volatilities and trend movements at any moment, hinder new upgrades and developments from being launched for new or existing exchanges?
I don’t usually think so because volatility can play a major role to affect the flow of signature campaigns pay in the forum when kept in BTC. What I feel the managers do is that, payments for signature campaigns are being saved in stable coins like USDT rather then keeping it in BTC. At the time of payment, they can be converted back to BTC to make those payments since every user expects to receive their payment in bitcoin. Keeping the funds in BTC and not in stable coin can affect their weekly pay to members if they’ve already received the pay upfront before market volatility sets in.
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Fiatless
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July 16, 2024, 08:11:45 PM Last edit: July 20, 2024, 08:29:25 PM by Fiatless |
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*Could the obvious market price fluctuations, volatilities and trend movement at any moment, affect all cryptocurrency campaigns or Bitcoin campaigns such that existing signature campaigns cease to function accordingly?
Also, could the obvious market price fluctuations, volatilities and trend movements at any moment, hinder new upgrades and developments from being launched for new or existing exchanges?
I don't think that price volatility is the reason why we don't have campaigns in the forum currently. It might be possible that they have discovered other means of doing advertising. There has been an increase in crypto promotion in social media where they I high amount of youths. All we can do is speculate because we don't know the actual reason why some of the existing campaigns stopped advertising on the forum. But as the bull run continues, I think more crypto-related businesses will come to the forum. I don’t usually think so because volatility can play a major role to affect the flow of signature campaigns pay in the forum when kept in BTC. What I feel the managers do is that, payments for signature campaigns are being saved in stable coins like USDT rather then keeping it in BTC. At the time of payment, they can be converted back to BTC to make those payments since every user expects to receive their payment in bitcoin. Keeping the funds in BTC and not in stable coin can affect their weekly pay to members if they’ve already received the pay upfront before market volatility sets in.
You are very correct. Campaign management will suffer from the volatility if they keep their funds in fiat. They will end up losing money if the price of Bitcoin appreciates. Those who hold funds in Bitcoin will even benefit from the current high in price movement.
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Fortify
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July 16, 2024, 09:24:33 PM |
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*Could the obvious market price fluctuations, volatilities and trend movement at any moment, affect all cryptocurrency campaigns or Bitcoin campaigns such that existing signature campaigns cease to function accordingly?
Also, could the obvious market price fluctuations, volatilities and trend movements at any moment, hinder new upgrades and developments from being launched for new or existing exchanges?
We see this playing out dynamically every single day, take Trump for example - economists expect inflation to go up if he were to be elected again and the last few days have created a spike in his popularity for whatever reason. That has filtered through and caused bitcoin to pump back up again as people love to site it as an inflation proof asset. Adversely, we see that the US and German governments are looking at sell holdings in bitcoin that they have accrued, along with MtGox administrators looking to liquidate assets that they are holding - these sort of actions might be expected to depress the price a little because you need a big pool of buyers to hoover up this extra capacity.
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Yatsan
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July 16, 2024, 11:52:25 PM |
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Can't say no actually. There's a common belief that "history repeats itself" also there's nothing we can depend on market price volatility aside from what happened before on certain events like halving. It all just connects to a single idea that creates demand. This is also evident with "Last quarter of the year bull" and the likes. Despite of having no consistency and linear market price behavior, many of us for sure are only depending on previous market behavior as predictor of the current market value.
Above mentioned is with market price of cryptocirrencies but if it is with signature campaigns and the likes then I think it is not really connected. Remember when rewards on bounties are so high? Prices of cryptos are lower than the ATH by that time. So if it is directly connected, rewards at this point, as major coins' market price are getting close to ATH, should be high by now.
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yhiaali3
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July 17, 2024, 03:18:26 AM |
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In my opinion, yes, market price fluctuations and directional movement can affect cryptocurrency and Bitcoin campaigns. This is logical because the campaigns are related to projects and businesses, and therefore a decline in the market will affect the ability of the campaigns to pay or continue for a long time.
Of course, this does not affect the strong campaigns, but we often notice in a bearish market a decrease in the number of signature campaigns or a reduction in weekly payment because the companies that conduct the campaigns are affected by the bearish market and the market stagnation in general.
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peter0425
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July 17, 2024, 05:38:52 AM |
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*Could the obvious market price fluctuations, volatilities and trend movement at any moment, affect all cryptocurrency campaigns or Bitcoin campaigns such that existing signature campaigns cease to function accordingly?
Possibly so. A lot of campaigns pay in bitcoins so if they feel that it is not as beneficial if one were to be paid in bitcoin then the campaign might be stopped. Also, could the obvious market price fluctuations, volatilities and trend movements at any moment, hinder new upgrades and developments from being launched for new or existing exchanges?
I don’t think so. If anything, they might even be more determined to developed advanced technologies to invite more users despite the hesitation among crypto markets.
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kryptqnick
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July 17, 2024, 09:24:52 AM |
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Signature campaigns aren't directly dependent on market fluctuations. But things depend on specific companies, of course. If it's a price fixed in the USD, one gets more or less in BTC due to fluctuations. If the market crashed and the company's funds were primarily in BTC, it's not inconceivable that a campaign might close. And if it's a sum fixed in BTC but the price rose way too high or dropped way too low, changed can be introduced. So, to be honest, I am not sure where the op's question is coming from and what exactly the op is trying to find out.
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Dr.Bitcoin_Strange
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July 17, 2024, 04:26:23 PM |
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*Could the obvious market price fluctuations, volatilities and trend movement at any moment, affect all cryptocurrency campaigns or Bitcoin campaigns such that existing signature campaigns cease to function accordingly?
Also, could the obvious market price fluctuations, volatilities and trend movements at any moment, hinder new upgrades and developments from being launched for new or existing exchanges? Well, just as the first comment already stated, yes, it can affect, but that doesn't mean it's going to cause the campaign to cease, just as you might have thought. If the price of a crypto used in making payments for campaigns becomes so volatile, the payment will either be adjusted or the crypto used for making the payment can be changed. For example, when the transaction fee for Bitcoin skyrocketed, some managers switched to using any crypto for payment. I think another incident happened with one Bitcoin-paying campaign that reduced their pay rate after the Bitcoin price went from $40k to $60k. That's how volatile of crypto can impact campaigns, but it will not cause them to stop. I think volatility has nothing to do with any upgrade or development that an exchange wants to add to their service.
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Findingnemo
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July 17, 2024, 06:39:25 PM |
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*Could the obvious market price fluctuations, volatilities and trend movement at any moment, affect all cryptocurrency campaigns or Bitcoin campaigns such that existing signature campaigns cease to function accordingly? It depends on what kind of service the campaign is about and most of the time it won't directly affect the platform cause 1 BTC=1 BTC, but higher the price then people will be obviously spending less in terms of BTC but it doesn't effect the advertisement part especially if it's effective in bringing the results to the advertised product/platform. Also, could the obvious market price fluctuations, volatilities and trend movements at any moment, hinder new upgrades and developments from being launched for new or existing exchanges?
Market volatility definitely affect the launch of new projects because bear season is not the best time to launch the project because it will be hard time finding the investors but if it has real potential and sure it has to survive winter to see the real glory.
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Bitstar_coin
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July 17, 2024, 06:54:28 PM |
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If there will be such cases although am not sure if such has happened it will only affect campaigns run using btc as payment, because when the price of btc is down it will certainly affect the allocation of the campaign, the value in usdt at the time of the campaign will be less, participants will be left with the option to hodl for a more favourable market before selling if they wish. I doubt it is enough for anyone to leave a campaign since it is a known fact that the market will recover at some point.
Campaigns run with usdt payment on the other hand don't experience this price fluctuations as usdt is known to be stablecoin. Generally speaking, I think majority of people in crypto already past the time of irrational and regretful decision as a result of price functions.
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Ndabagi01
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July 17, 2024, 08:54:54 PM |
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Signature campaigns aren't directly dependent on market fluctuations. But things depend on specific companies, of course. If it's a price fixed in the USD, one gets more or less in BTC due to fluctuations. If the market crashed and the company's funds were primarily in BTC, it's not inconceivable that a campaign might close. And if it's a sum fixed in BTC but the price rose way too high or dropped way too low, changed can be introduced. So, to be honest, I am not sure where the op's question is coming from and what exactly the op is trying to find out.
Due to unforeseen circumstances of the market and the fluctuations it is experiencing, saving the signature payments in BTC will be as the disadvantage of the company or the manager base on what they most have agreed on before making payments for the signature campaigns. Like you said, if those money are saved in USD, converting back to BTC will depend on the fluctuations of the market and also vice versa. They both have their advantage and disadvantages but for the company and the manager to be at the safer end, funds will be saved in USD and converted to BTC when making payments since all payments will be made in BTC equivalent of USD at the time of payment. With this, no cause for any alarm and payments will be made without much concern of the market fluctuations.
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mirakal
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July 17, 2024, 11:22:34 PM |
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*Could the obvious market price fluctuations, volatilities and trend movement at any moment, affect all cryptocurrency campaigns or Bitcoin campaigns such that existing signature campaigns cease to function accordingly?
When the fees are too high, it certainly affects the company. Some signature campaigns tend to lower rewards to cope with the fees, and some choose to pay in USDT just to keep going. But we can't weigh this as the reason why the signature campaign is stopping; it could probably be because of other issues like lack of funds and negative results, or the company doesn't want to do it anymore. Also, could the obvious market price fluctuations, volatilities and trend movements at any moment, hinder new upgrades and developments from being launched for new or existing exchanges?
That could be one reason, but what I see is that, if the company has a serious deal with their plan, they will continue it despite the market condition as mentioned. In fact, the changes seem to be temporary, and if the upgrade is needed, believing that this would give them more profit, I don't think they stop.
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