Topic: [ANN] Spells of Genesis - Innovating the Game Economy with BitCrystals (BCY) - page 79. (Read 676658 times)

Looking forward to the global launch! Going to be interesting.

Have you tried messaging Yodark on Slack?

Also try [email protected].

When's the linkage between SoG and BoO going to happen? My Counterparty address registered to SoG is still stuck on one I don't control. I posted on the Everdreamsoft forum, but they still haven't changed it for me

I think is combination. Also dont forget Beyond The Void collected 500k BCY. And anyone could in past month slowly collect coins at 0.0001. Price was bottoming many times.

There is also lots of pumping going on on Poloniex. So they buy and push price up and sell. On general price dont change much but volume is big. But that is only good.

Noone have infinity amount of coins. So cant dump them. EDS have lots coins, but so far did manage them carefully. I think also other resources. If not and would just throw euros on best game developers we would have game here long time ago.  They are also smart enough to know that if they sell BCY now they might need to buy them back latter.


Overall nothing changed. all is same as was 2 years ago. If game will be successful BCY will flourish.   Last year and a half we had almost same number of players/speculators selling cards among each other.  impossible to have any real progress in price of BCY. All increase was just a speculation. Now we will hopefully get new players and new demand. Basically BCY might become 3rd coin with substantial real use after Bitcoin and Monero.   There already are some games that use coins, but they have small number of players.

From my calculations:
Bitcoin was at most 235 at time of ICO. Doings some math I get 1.9 cents per BCY in September 2015.  We are at 19 cents now, so 10x return, not bad.

what was ICO price?

This is I think what happened, if you trace back you find that one person bought ~5 million BCY during the ICO in 2015.
2 million were recently moved to Poloniex as indri123 noticed, 1 million on the 28th, 1 million was moved time ago. So about 1 million BCY remain in the original address.
Even at current prices it's a lot of profit to be made from ICO prices so whoever that is they are cashing in and there's nothing anyone can do about it.

Here's the address: http://blockscan.com/address/14mrvfR6VajW8CA3u5d2LrQjKtb2oWifdm, follow the trail.

Just hope they run out of BCY soon!

I think your two reasons are an unlikely source of dumping. EDS wouldn't dump so many coins in the last 7 days as it undermines their own project. Investors aren't buying 500k in bcy just to then keep the price from rising by dumping.

I don't care if they sell bcy off market for the very reasons you describe, eds would destroy the market if it dumped so many coins just to raise funds. it is a legitmate way to raise cash.

The only thing that is bizarre to me is how the price is relatively unchanged after so much bcy changed hands. There aren't that many bcy out there, I think 10% of all bcy changed hands in the last week. Maybe just a coordinated thrashing of the market to accumulate coins for a coming mega pump,

Hi guys,

I have been watching this project from the start...and what is going on with the current "dumpings" are definitely fishy. I can only point to 2 possible sources of these price suppression.

1. SOG team themselves. WHY? They don't have a locked Bitcrystals fund. Which they should have, if they really want to play fair to their supporters. To remove this highly questionable source of Bitcrystals that are time and time again "dumped" into the open market, the SOG team should announce their BCY balance and be open on how those coins are being used or sold. Without that, they can always choose to dump any number of coins into the market. They held an ICO and therefore they should not be SELLING from their balance whenever they want without the knowledge of their ICO investors. This kind of activity is not healthy, they should cease and desist in doing it.

2. The newest "investor" Blockchain Invest DAC, buying 500,000 BCY at 100,000 US Dollars. Of which the why, how, when and where of this deal are not declared by SOG team. No one is even sure that it even happened. So what is wrong with having a "new investor"? Guys, think about this. Are anyone of you be able to buy 500,000 BCY from the open market at 20,000 Satoshis each and NOT DRIVE the price up from 20K Satoshis? Of course not. NO ONE among us can. So why can SOG suddenly sell all of those COINS at once at a FLAT RATE? Is the ICO still OPEN? Are everyone treated fairly? Was everyone given the chance to buy as much as they want on a flat rate of 20K Satoshis? Is anybody's Dollar worth more than anybody else? So why did SOG give under the table priority when someone/some group offered them money? What is stopping them in doing this again??

At 40K satoshis, guess how much of that 500,000 BCY will be dropped into the open market, CAN ANY ONE say? In short, making these kind of deals is a transgression on the trust given to the SOG team by their ICO and original supporters! Bitcrystals are available on the open market. If anyone really believes the project, they should now get their Bitcrystals from the OPEN MARKET and not from the under the table deals. They have to play fair so that they can succeed.

These two possible sources of dumpage on the open market should be eliminated so that SOG team can regain the trust of their investors. They should LOCK their own BCY balance and always be open on how they are using them. NO MORE surprise "new investors". Or dumping on the open market whenever they want or need.

Do the SOG team wants more money? Of course, who does not? Then, they should DELIVER the game immediately. It has been almost 2 years since they start developing. Why is it that until now, pages of pages of bugs are still not addressed? That launch and the game's success should be their means of getting more money! They should do those things right.

If the team can honestly show that they will resolve the above issues and finally deliver on their promises this coming April, then there is hope. If not. I think we should all look elsewhere to find a real Blockchain based development, game or otherwise and forget this one.

Cards are valued in USD when are issued  because if BCY or BTC goes up then card can easily become $10000.  If we would set fixed price of cheapest card 1 BTC. and one BTC become worth $10000 then no one would ever buy any card and would be game over. Now cards come out to partners at price $10-40. A month latter when get to public merchant, price in USD is already changed because of BTC*BCY volatility.

Can someone speak to why cards are priced in bcy not dollars with a real time dollar conversion?

Most crypto hard assets are sold with dollar amount and crypto real time conversion, like miners.....

https://shop.bitmain.com/productDetail.htm?pid=000201703290542353490EhSTD4v066D

Looking at the last week, I cannot figure out what happened. Huge volume where we are basically where we were in price to start out. Every pump countered by a pretty large dump. Nobody dumps coins to keep the price low... especially in the face of news, release, increased market pressure.

Volume is trickling out now, so not clear what is going to make the price rise. If this has anything to do with cards being priced in bcy and needing to keep the price low for adoption, then that needs to get fixed asap. Cards have to be priced in dollars with a bcy conversion, the exact same way bitmain sells its miner.

Someone did aswell and dumped it to 15k insane, but why trying to cause panic and collect ?

lets it gets going... i will hold this for another few months...

I m smelling profit here 

After launch we still have a huge update with multiplayer function in May so It may keep the volume going.

That volume is great, really hope it stays that way for a long while considering the launch is imminent.

What I like most is that volume picked up greatly. Higher volume way more interest from investors and speculators. Since they invest higher amount they avoid lower volume coins since they can never exit their investment without shaking market greatly. Yes this volume is 99% just speculative. Real use volume is what it was in past months. But with active marketing at release, we might start getting some nice amount of real use volume.

I think you are missing an important aspect of BCY tokens and economies/companies built around them. They are not just simply an abstract asset. If they were then your view of speculation and demand for BCY would be accurate. Tokens and coins when tied to a business model like EDS are also integrated into the organizations economy and operating model. At least that is the design. EDS must buy them according to their announcement, and they must accept them for payment for cards. yes you can facilitate this by having one card that rules them all, but that is a technical point that will hopefully still require you to exchange for BCY to make your purchase. This is important because EDS revenue streams are tied to the exchange and purchase of BCY. A good coin will always have a tight correlation between the revenue streams of the organization that created the coin, in this case i feel BCY does. So now you have a float, a certain amount of coins that must float in the economy to make the economy work. Compounded by BCY burning, you should see constant price increases if the game is successful.

What i don't like is cards being priced in BCY, the cards should be priced in dollars with BCY as the currency of exchange for whatever the exchange rate is at the time you buy a card. This would allow for better adoption.

I'm curious, can you link to the source? (It only serves an educational purpose if I can read how it works).