Post
Topic
Board Announcements (Altcoins)
Re: BiblePay | Masternodes | Sanctuaries | POBH - ASIC Resistant | 10% ORPHANS
by
aikida3k
on 04/08/2018, 22:31:38 UTC
It's curious that QIEX (which was never high volume) has essentially run out of buy orders, and CB is pretty close to that as well. SouthXChange and C-CEX have more, but a depth chart will show that those are at pretty ridiculously low prices.

I know we've been talking about opening more exchanges, but at some point I would propose that you need a critical mass of volume to make opening another more worthwhile. I understand that more markets give more opportunities for arb, etc. and open us to a wider audience, but if demand isn't there, should we consider focusing on that problem instead?

I love the airdrop plans, and I'm really curious to see if that spreads some awareness/demand - this community right now is small but tight, and to scale, we will need to find ways to embrace people at a slightly lower level of participation, and also accept that some will be in just for the money (although there are plenty of other coins they could trade for that).

In some ways this is a theoretical problem, but for us to continue our mission of supporting the charities and doing the work we want, we also need to be able to convert to fiat as necessary, which requires trading demand. Thoughts?



Yes. I think this issue should be forwarding to our PR guru togo. Where are the real results from your permanent PR proposals? For example in july about 300k bbp?

Sorry. My fault. For july its 800k together. 500k first half of july, 300k second half.

Bitcoin is in a bear market. As a trader, you wouldn't want to have too much exposure in a BTC bear.  It's dragging down the Alts.  C-Cex re-opening at the end of August should help some.  

The other thing to do, which I have said, is to go directly to the churches and tell them that by buying BBP they are supporting orphans.  The buyers are the ones who support the orphans.  Whenever I have mentioned going directly to the churches everyone is  just not into that idea. But if you want a consistent bid under BBP, I think that is the way to go.

It's obvious the volume from the latest superblock hasn't come through the exchanges in a big way; cumulative volume has barely been over 1M.