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Re: Game: Revolutionizing In-Game Transactions / E-sports. Time to Buy.
There literally are too many coins trying to tap on the exact same market and frankly, I don't think that any of them are going to succeed. Gamers have been doing fine with credit cards so far and developers certainly don't have the time to educate players on different ways to spend money just for a 1% or 2% boost. I don't think that gamers would give up ease of use either way.
Not sure you totally get GameCredits. Gamers purchase GameCredits with credit cards or whatever payment method they choose. When they create an account on our store: http://play.gamecredits.com/ they just need to use the same email as their wallet to sync payments instantly. From there they just click pay on any in-game item or game and their item is purchased instantly. That's not exactly hard to educate people to do. The one benefit is they don't have the keep adding their credit card, and if they buy gamecredits their money isn't wasted on a single game if they decide to stop playing. But that's not all, we also allow gamers to find cryptocurrency by playing their games. Developers can offer this incentive easily via our API.
Now why would developers push for gamers to use GameCredits. It's not for 1-2% like you said. We take 10% of revenue instead of apple and googles 30%, we prevent chargebacks, we allow infinite deposit limits for gamers (right now gamers are capped at a certain deposit amount), we pay developers within 60 hours rather than the typical 60 days. So basically. If gamers are using our payment methods developers are getting a 20%+ increase in revenue. They can then use 1-2% of that increased revenue to offer gamecredits of bonuses in-game and attract players or increase the use of GAME.
All of this is possible by creating a universal currency that can be easily purchased by gamers and transacted using our payment gateway loaded into all games on our store or PC games choosing to accept GAME.
That looks like this:
https://i.imgur.com/uHlwNGt.png
And this isn't to mention that our target markets are Asia, where virtual currency is growing rapidly, AND third party mobile stores like the GameCredits Store are the dominate game distributors. Our whole model is based around offering a store (and other products) with a single payment method that gamers don't have to know is cryptocurrency.
One last thing. There isn't a single gaming cryptocurrency trying to do what we're doing. Gaming is a massive industry. Crossed 100 billion and that doesn't include all of the side industries popping up. Look at all of the currencies trying to be anonymous and fast transactors for the financial industry. Just because there are a number of coins trying to do something similar doesn't mean one isn't better and doesn't standout.
What is your strategy to market this to developers? Have you been able to attract any interest from large developers?
Re: Today's Bitcoin price: from $4661.00 all the down to $4075.18
They most recent drop happened after the fake news of china banning bitcoins didnt it?
You're definitely right, and that's why i totally disagree with the following definition from https://bitcoin.org:
Quote
Bitcoin is open-source; its design is public, nobody owns or controls Bitcoin and everyone can take part.
I always say: Bitcoin can be controlled by Media.
Not really a bitcoin topic, people can be manipulated by the media.
Estava a perguntar porque na Alemanha os ATMs no inicio nao eram regulamentados, mas agora é necessário uma licensa bancária para instalar um ATM, o que custa mais de 100mil€. Efetivamente (e podes verificar no coin atm radar) acabaram com todos os empreendedores que instalaram as máquinas.
Isso de taxar o lucro nao me parece um entrave enorme, para comecar podes desvalorizar o CAPEX da máquina anualmente nos lucros da empresa, e pagar 25% de impostos sobre o lucro efetivo parece-me normal. Se abres uma empresa para esse propósito e até pagas descontas custos de representacao, deslocacoes e outras despesas, nao me parece mesmo que a carga fiscal seja a razao para nao se investir.
Isso de taxar o lucro nao me parece um entrave enorme, para comecar podes desvalorizar o CAPEX da máquina anualmente nos lucros da empresa, e pagar 25% de impostos sobre o lucro efetivo parece-me normal. Se abres uma empresa para esse propósito e até pagas descontas custos de representacao, deslocacoes e outras despesas, nao me parece mesmo que a carga fiscal seja a razao para nao se investir.
I'd say now would be a good time to have a foothold in both crypto and fiat. It is perfectly possible that Bitcoin shoots up several more thousands of dollars so you'd be in a good position with your crypto. However, I don't trust the steep current rise of Bitcoin in the sense that it is 'too fast' and the chances of a significant correction are higher. In that case, you would be able to make a move with your available fiat.
How do you see the relevance of the 1st Nov protocol change and potential fork? Do you think it has the potential to drive the market down like 1st of Aug?
I am doing exactly what you write, I still keep a very significant amount in crypto but today I decided to sell 10% of the portfolio to start accumulating cash. If bitcoin shoots some few thousand dollars higher I obviously will have lost on some profits but would still be happy to see that happen.
I think the potential November fork could be amazing for Bitcoin. The market did not get driven down August 1st, it started going up after. lol
No, the market got driven down due to the August 1st uncertainty, quickly recovered and continued the already existing momentum after the uncertainty disappeared.
I'd say now would be a good time to have a foothold in both crypto and fiat. It is perfectly possible that Bitcoin shoots up several more thousands of dollars so you'd be in a good position with your crypto. However, I don't trust the steep current rise of Bitcoin in the sense that it is 'too fast' and the chances of a significant correction are higher. In that case, you would be able to make a move with your available fiat.
How do you see the relevance of the 1st Nov protocol change and potential fork? Do you think it has the potential to drive the market down like 1st of Aug?
I am doing exactly what you write, I still keep a very significant amount in crypto but today I decided to sell 10% of the portfolio to start accumulating cash. If bitcoin shoots some few thousand dollars higher I obviously will have lost on some profits but would still be happy to see that happen.
Market has been doing great, and this is just the beginning.
Nonetheless, we all saw how this market operates with sharp ups and downs, and saw the great opportunity the July dip gave us.
My question is simple: Do you think it is time to start accumulating some fiat (or USDT) to reenter after a correction?
I speculate that the 1st Nov bitcoin fork (or non-fork) might create the conditions for fear somewhat like we saw with 1st Aug.
I also speculate that this time the down-turn will be less sharp than what we saw, as the market matures and also since traders start to learn how to play the market.
What is your view? Are you selling a part to be locked-and-loaded to re-enter? Any targets in mind (either in terms of time, total market cap, or coins price)?
Nonetheless, we all saw how this market operates with sharp ups and downs, and saw the great opportunity the July dip gave us.
My question is simple: Do you think it is time to start accumulating some fiat (or USDT) to reenter after a correction?
I speculate that the 1st Nov bitcoin fork (or non-fork) might create the conditions for fear somewhat like we saw with 1st Aug.
I also speculate that this time the down-turn will be less sharp than what we saw, as the market matures and also since traders start to learn how to play the market.
What is your view? Are you selling a part to be locked-and-loaded to re-enter? Any targets in mind (either in terms of time, total market cap, or coins price)?
Hello, this is my first post but have been reading a while. I registered because there a few users who really seem to know what they're talking about.
I have a lot of questions so please have patience
I'm going to be investing around $100k into a few coins. I don't understand the logic of investing in 15-20 coins and investing solely in 1 coin seems a bit risky. My first question is regarding the big stable coins.. I want to invest at least half of the $100k into a coin such as btc, eth, ltc
Out of the the big coins, which would you recommend as the best bet over the long run? My definition of long term is 3 years minimum. I feel very safe investing into btc but if the consensus is eth or ltc I'll take that into consideration. A mix of 2 of them is also something I'm considering
Now to the altcoins. I'll likely be starting investing in some altcoins within a week or 2.
Which altcoins are you guys really really hopeful of? I'd like to divide this into 2 cases.
Altcoins which will be a boom in the long run and should hold.
altcoins which will see a huge boom within a few months/days/weeks to a year which then might dip or crash. I'd get out of these coins during the pump and buy more btc/eth etc then repeat the process.
I have another questioning regarding withdrawals and trading. I'm currently in the United States and there's a lot of restrictions it seems. I'm cut off from many markets. Can I accomplish most of this while residing in the States or would it to be beneficial to get a residency permit in a place such as Curacao or the Netherlands?
Finally, let's say I make a very large profit and attempt to withdraw into a bank account or into another wallet, should that nott be an issue? Which exchanges should I be looking at? I'm currently using Bitstamp mainly but now have an account on Bitfinex. Fantastic board here
I have a lot of questions so please have patience
I'm going to be investing around $100k into a few coins. I don't understand the logic of investing in 15-20 coins and investing solely in 1 coin seems a bit risky. My first question is regarding the big stable coins.. I want to invest at least half of the $100k into a coin such as btc, eth, ltc
Out of the the big coins, which would you recommend as the best bet over the long run? My definition of long term is 3 years minimum. I feel very safe investing into btc but if the consensus is eth or ltc I'll take that into consideration. A mix of 2 of them is also something I'm considering
Now to the altcoins. I'll likely be starting investing in some altcoins within a week or 2.
Which altcoins are you guys really really hopeful of? I'd like to divide this into 2 cases.
Altcoins which will be a boom in the long run and should hold.
altcoins which will see a huge boom within a few months/days/weeks to a year which then might dip or crash. I'd get out of these coins during the pump and buy more btc/eth etc then repeat the process.
I have another questioning regarding withdrawals and trading. I'm currently in the United States and there's a lot of restrictions it seems. I'm cut off from many markets. Can I accomplish most of this while residing in the States or would it to be beneficial to get a residency permit in a place such as Curacao or the Netherlands?
Finally, let's say I make a very large profit and attempt to withdraw into a bank account or into another wallet, should that nott be an issue? Which exchanges should I be looking at? I'm currently using Bitstamp mainly but now have an account on Bitfinex. Fantastic board here
Besides the different points which were already raised, I would add that it would be better to also diversify your investment in regards to time-frame.
Meaning: maybe do 25k today, give it a couple days, another 25k, etc.
I would even stretch it by placing the 100k throughout a full month. This might end up being good or bad, but it allows you to decrease the volatily risk, which in theory improves your risk-adjusted returns profile.
Furthermore, I personally would work with at least 2 exchanges - first it is good to have redundancy built in, second it decreases your chances of being questioned about large amounts of money flowing through.
Funny enough, I had SWT for a long time, it went up a lot pre-release of their new website and portal.
Then price decreased on opening of the portal and eventually decreased massively due to the parity hack.
I thought the project was good, I though the team was committed, but this was the only coin i ever sold at a loss because being hacked to me proves a somewhat incompetent management.
I know it is not their fault, I know parity hack was unforeseen and therefore difficult to protect against, BUT they lost 40k ETH of investor money, they should have taken measures to protect the money and they didn't. They lost me as investor, will not go in again, but wish them all the best and hope they are successful.
Then price decreased on opening of the portal and eventually decreased massively due to the parity hack.
I thought the project was good, I though the team was committed, but this was the only coin i ever sold at a loss because being hacked to me proves a somewhat incompetent management.
I know it is not their fault, I know parity hack was unforeseen and therefore difficult to protect against, BUT they lost 40k ETH of investor money, they should have taken measures to protect the money and they didn't. They lost me as investor, will not go in again, but wish them all the best and hope they are successful.
The regulatory environment will play a big role on how the cryptocurrencies/assets evolve in the long term. The industry started attracting some regulatory interests in 2014 but still not extreme attention as it was a relatively small market with basically no risk for the general economy.
We now sit at 150bn market cap, I would say that the risk for general economy is still fairly contained, maybe a lot of people get deceived and lose money, others make money, but nothing too concerning from a government point of view.
But now let's say in 1 year we are at 1 trillion, and growing. Fortunes being made, fortunes being lost due to hacks&scams, at some point the government will start to have strong regulations about it and wanting to control these money flows.
Tech developments like the Lighting Network also make it possible to monitor/control btc transactions differently than up to now, will some governments somewhere only allow transactions that meet some requirements? I could imagine this happening at some point, hidden behind a "terrorist protection act" of some sort.
We now sit at 150bn market cap, I would say that the risk for general economy is still fairly contained, maybe a lot of people get deceived and lose money, others make money, but nothing too concerning from a government point of view.
But now let's say in 1 year we are at 1 trillion, and growing. Fortunes being made, fortunes being lost due to hacks&scams, at some point the government will start to have strong regulations about it and wanting to control these money flows.
Tech developments like the Lighting Network also make it possible to monitor/control btc transactions differently than up to now, will some governments somewhere only allow transactions that meet some requirements? I could imagine this happening at some point, hidden behind a "terrorist protection act" of some sort.