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Topic: Who wants to fix the price? - page 3. (Read 3857 times)

legendary
Activity: 1302
Merit: 1008
Core dev leaves me neg feedback #abuse #political
April 25, 2014, 12:13:08 AM
#24
Bitcoin is not a company
 
True.

if we do not advertise for it, it will die.
False, Bitcoin will exist at least long enough to absorb the collapse of fiat. We don't need to do anything but wait. What's coming is inevitable, because nations and greedy men have failed to change their behavior.

That's a matter of personal choice.

But iIf everyone thought that way, nothing would get done.
(All it takes for evil men to succeed, is for the good to do nothing.)

There are a lot of people doing great things for Bitcoin everyday.

If you want to sit around and wait, that's your prerogative.
Me, I'd rather be part of the solution.
hero member
Activity: 784
Merit: 1000
https://youtu.be/PZm8TTLR2NU
April 24, 2014, 11:52:16 PM
#23
Bitcoin is not a company
 
True.

if we do not advertise for it, it will die.
False, Bitcoin will exist at least long enough to absorb the collapse of fiat. We don't need to do anything but wait. What's coming is inevitable, because nations and greedy men have failed to change their behavior.
legendary
Activity: 2114
Merit: 1040
A Great Time to Start Something!
April 24, 2014, 09:46:53 PM
#22
Who wants to fix the price?
Why is the price broken?  Cheesy

It's OK to tell people about your enthusiasm for BTC.
If you come on too strong they might think you are "Ponzi recruiting" or inviting them to join a cult.

China just kinda knocked it down a little a few months ago, and it needs to go back up.

Nice little rally this evening ~$470 all the way to $498 ...and now near $490.
The recovery seems to be "taking way too long", but keep in mind the huge high was only a little over 4 months ago.
sr. member
Activity: 308
Merit: 253
April 24, 2014, 08:26:49 PM
#21
Who wants to fix the price?
Why is the price broken?  Cheesy

It's OK to tell people about your enthusiasm for BTC.
If you come on too strong they might think you are "Ponzi recruiting" or inviting them to join a cult.

China just kinda knocked it down a little a few months ago, and it needs to go back up.
legendary
Activity: 2114
Merit: 1040
A Great Time to Start Something!
April 24, 2014, 08:25:09 PM
#20
Who wants to fix the price?
Why is the price broken?  Cheesy

It's OK to tell people about your enthusiasm for BTC.
If you come on too strong they might think you are "Ponzi recruiting" or inviting them to join a cult.
sr. member
Activity: 308
Merit: 253
April 24, 2014, 07:02:30 PM
#19
sr. member
Activity: 406
Merit: 252
April 24, 2014, 07:01:06 PM
#18
Another correlation does not equal causation thread.

My favorite part.....

The Cambrian revolution didnt need a fuckibg advertisement

lol. that's almost sig worthy.  Smiley
legendary
Activity: 4410
Merit: 4766
April 24, 2014, 06:48:28 PM
#17
the OP thinks that he is the cause of the price rise. it was the fact that the china deadline passed and nothing changed, thus the doomsday scenarios egotists like the OP waffle about were meaningless and confidence was restored. so stop making doomsday comments that have nothing to back it up with, which simply do the opposite of bringing confidence to bitcoin. which strangely you want also.

kind of hypocritical, to want consumer confidence whilst shouting its going to die..... think smarter and more rational before making comments.

the OP thinks that without him bitcoin wont live.. bitcoin will live on far past the days where the OP has died of old age

Damn the ego of some people

BITCOIN the protocol will not die. however the price value can drop.. this does not mean bitcoin is dying or in a coma or has cancer. BITCOIN cannot die, only the attitudes of egotistical people that only care about FIAT profits will and can die.

you egomaniacs need to get your emotions under control. because its emotional people that think of bitcoin death scenarios that are the ones that panic sell at the slightest media story.

get your emotions out of bitcoin trading and think logically and maturely about your investments.

bitcoin does not need an onslaught of noob FIAT investors that will tank the price at the simplest scare stories that passes their eyes. so please do not try advertising bitcoin as a get quick rich scheme to naive investors that will want to cash out at a moments notice, purely to pay their rent.

what bitcoin needs is to create retail businesses, services and auction sites, get games to accept bitcoin. be creative and start offering employment in bitcoin.

main streaming is not about how many consumers buy 0.001btc you can coax. its about making bitcoin and its related industry into something that makes people realize how much better bitcoin is.

i feel like too many people here do not promote bitcoin for its actual features and benefits, but try coaxing people across due to financial gains.

remember these things when talking about bitcoin to noobs:
1. dont talk about bitcoin mining as something profitable noobs should do.. its far passed the noob game now. even people in the gold market do not tell everyone to go out and buy excavators or dynamite, its just not practical for average joe these days.
2. dont just talk about the wonders of a volitile market where higher % profits can be achieved compared to fiat banks. alot of average joes have never boght stocks or forex traded so forcing them onto a trading platform will make them panic at the slightest drop
3. DO talk to them about the safety of a properly stored private key that is not saved on their computer. how having a safe private key offline is a better way to store value, compared to a username and password for a online bank.
4. in combination with point 3 inform them of the ease to hold value that is not as heavy as gold, not as fragile as antiques and not as vulnerable as FIAT.
5. talk about trust funds (hoarding) coin for their childrens college days, talk about employment options and the ease of starting online shops without expensive FIAT debit card processing subscriptions and fee's, them them about auctioning their household goods without worrying about paypal chargebacks.

most of all truly understand who you are talking to and dont baffle them with science or schemes that dont interest them, using the temptation of major profit. instead talk about the true features and benefits of bitcoin.

hopefully that way the panicy sheeple noobs will atleast feel a little more at ease and understand more to make informed decisions, rather then be thrown in the deep end, panicking for their life savings
newbie
Activity: 2
Merit: 0
April 24, 2014, 06:44:32 PM
#16
I made a Facebook event called "Bitcoin day" on Facebook for April 15th, and the price went up that day. I am not sure if it happened because of that, but people were posting about Bitcoin on Facebook, Twitter, YouTube, etc.

So... Let's get Bitcoin moving again. Everyone, post links to exchanges on ALL your social media pages.

Bitcoin is not a company, WE ARE THE COMMERCIALS, if we do not advertise for it, it will die.

I want to fix the price.


I have come up with the idea of a self-regulated p2p Bitcoin/USD exchange, based on a decentralized Peer-review-registration of companies. This can revolutionize cryptocurrencies.

I write this to you, because there is an idea you haven't thought of. And Bitcoin is waiting for it, trust me. I don't have the skills to carry this out myself, so therefore I'm putting this out for everyone to see, cause I know someone out there has the skills.

It will take only one credible company to get together with some BitcoinDevs to work out the initial plan and be the first self-registered company. Then they will just have to accept another company and give them "access" to a frozen shareholder-DNS-coin wallet, encoded into itself so to speak (cause it also has to be the exchange), that can't be deposited, withdrawed or traded, in order for the new company to be a part of the exchange. It has to be based on mutual trust, like some sort of decentralized association.

To begin with, it will of course be centralized, as there can be only one creator - just like with Bitcoin and Satoshi. He owned it before release, but now it's ours - as it's p2p based, it's practically decentralized when there's more than one owner.

This, I imagine, can be done by setting up an additional 100% premined shareholder-coin with DNS function, and make the DNS the exchange and lock the coins into itself within the exchange. Furthermore making it self-regulating, automatically dividing the coins among the number of peer-review-registered companies, but on locked wallets on the site that no one can ever touch, so that it can and will only be used as a tool for dividing the ownership/rights/ability to use the exchange after the peer-reviewed-registration.

The shareholder-coins will even break the law of supply and demand, cause there's nothing to speculate in, not even for the first company - they can never cash them out. It shall only remain as some sort of a frozen share, coded into the website. So it's literally nothing worth, other than the proof of positive peer-review and therefore ability to use the exchange.

It needs to be automatically able to divide itself by the number of companies registered. So if two becomes three, then the two that before owned 50% each, will now own 33,33% each, as well as the new company will, and when a fourth company comes along they all own a share of 25% of the DNS-coins and so forth.

And for price stability so that Bitcoin becomes more attractive for new companies, you could allow only a xx.x % of the actual market cap or coins circulating the exchange to be exchanged by the same user every xx minutes/hours/days, automatically adjusted to the companies individual turnovers etc. in order to prevent huge sell-offs or buy-ins which will result in great fluctuations.

I'm no mathemathical genius, nor am I genius of any other kind. But this seems pretty logical to me. There has to be a not too intricate formula that can deal with this.

That will be a great way to bring the voices of Bitcoin together and form a strong alliance of Bitcoin-accepting companies. It might also be a wake-up call for some banks to start accepting money from the exchange.

Their turnovers will of course be different from one another, and that's why I suggest some sort of equation that might include factors such as individual flexible turnover percentages and furthermore give them trading periods - some companies then trade during odd hours and others during even hours, so that big companies can't make big sell-offs and hurt small companies.

Remember, a such exchange is not meant for speculation, but only for making a safe environment for the coin, so the companies that use them has a narrow space where they can concentrate their exchanging BTC for USD - albeit they have to be a bit more patient, but it's not like they can't cash out to pay their bills or anything, it's just a more regulated market - a self-regulated market. If an unfair banker can do it, a fair code can also. Bitcoin has proven that.

It won't affect the amount of goods or services that the customers can buy, cause if all the turnovers of the companies rise, the DNS-market will self-adjust and the companies will be able to sell more in accordance with their exchange-level, the system will put them on higher levels.

I imagine some sort of a level-system (a mathematic equation) that automatically categorizes companies and equalizes itself all the time, leaving room for a certain predetermined margin between buys and sells, without retarding the overall trade too much, but just making it more stable.

But also can it balance the market out by simply matching one big company vs. a lot of small companies, constantly. Because all the small companies are much less likely to sell out. And not only that. A company will only be allowed to sell a certain percentage of their turnover within a certain timeframe, and bigger companies need to have a lower sell-percentage, cause they have more money.

The exchange will work like a public bank - And a "bankrun" i.e. collapse, is almost impossible, and in case of it happening, it will be a slow one.

Imagine if you could smoothen out the market fluctutations so it looks more like the MA instead of what the candles look like - earthquakes. And those earthquakes are scary for companies of all kinds, even with a fast exchangeability. Bitcoin will most likely end up on a neverending, smooth uptrend, because as more people see the idea and set up new exchanges, they will push the market capital slowly but steadily.

But since it is Peer-reviewed the companies that start adopting the system most likely won't allow big whales (in comparison to themselves) to come and flood the market to begin with. So the price regulation might not even be necessary in the first place - they will most likely auto-categorize themselves.

I think all companies will find their matching exchanges. And I can easily see a whole cooperating system of exchanges, dividing companies into the sections where they belong, in regard of size and if they have too much turnover for the smaller exchanges, then their funds will slowly be transferred to an exchange with bigger companies, matching them. Much like sports leagues and poker rooms.  

And all that has to be able to level itself, so that the multiple exchanges are working like one big exchange. The prices will have to be regulated by a single DNS-coin system, so no matter what, the coins on all exchanges will be worth more or less the same.

It's sort of a fluctuation-brake. The best I can think of. And it's much, much more than that. I see a huge potential here. Not only for Bitcoin, but for all coins. It will also decrease the competition between the already existing cryptocurrencies. They will have each one of their communities to grow and evolve, regardless of other coins.

A company has to slowly adopt Bitcoins or any other coin in this manner, as it by the rules can't just buy a big amount on the exchanges, so this is the key to a successful worldwide cryptocurrency adoption.

It wil take time to implement, but I can only see it happen in the long run.

=KushMasterJames=





sr. member
Activity: 308
Merit: 253
April 24, 2014, 06:41:44 PM
#15
Bitcoin is not a fucking softdrink.  It will grow because it is godmoney.  We dont need to trick people or coerce them.  Get your head out of your ass.  This is not sone coke vs pepsi bullshit.

People need bitcoin because tge financial system is going into the toilet and is a cesspool of fraud.  The masses need bitcoin more than bitcoin needs the masses.  Let evolution happen.

The Cambrian revolution didnt need a fuckibg advertisement

It is not "God money" it is only as topical as the users make it.
sr. member
Activity: 308
Merit: 253
sr. member
Activity: 242
Merit: 250
Bitcorns
April 24, 2014, 06:25:49 PM
#13
Bitcoin is not a fucking softdrink.  It will grow because it is godmoney.  We dont need to trick people or coerce them.  Get your head out of your ass.  This is not sone coke vs pepsi bullshit.

People need bitcoin because tge financial system is going into the toilet and is a cesspool of fraud.  The masses need bitcoin more than bitcoin needs the masses.  Let evolution happen.

The Cambrian revolution didnt need a fuckibg advertisement
sr. member
Activity: 308
Merit: 253
April 24, 2014, 05:49:08 PM
#12
Also, go on twitter and search #Bitcoin and do some retweets.
sr. member
Activity: 308
Merit: 253
April 24, 2014, 05:30:07 PM
#11
It's almost at $500, thanks for the support everyone, keep spreading the word.
legendary
Activity: 2212
Merit: 1199
April 24, 2014, 05:19:52 PM
#10
If anyone is a member of another forum, you should make a thread called "Bitcoin is not dead"
Bitcoin was never dead and will be not.

I love the way that you support Bitcoin! Looking forward to see more of those kind of actions! Smiley

Good luck! Regards.
legendary
Activity: 1302
Merit: 1008
Core dev leaves me neg feedback #abuse #political
April 24, 2014, 05:06:07 PM
#9
I made a Facebook event called "Bitcoin day" on Facebook for April 15th, and the price went up that day. I am not sure if it happened because of that, but people were posting about Bitcoin on Facebook, Twitter, YouTube, etc.

So... Let's get Bitcoin moving again. Everyone, post links to exchanges on ALL your social media pages.

Bitcoin is not a company, WE ARE THE COMMERCIALS, if we do not advertise for it, it will die.

You're right.  Word of mouth is very powerful form of advertising.
sr. member
Activity: 308
Merit: 253
April 24, 2014, 04:50:47 PM
#8
If anyone is a member of another forum, you should make a thread called "Bitcoin is not dead"
sr. member
Activity: 308
Merit: 253
April 24, 2014, 04:50:04 PM
#7
I made a Facebook event called "Bitcoin day" on Facebook for April 15th, and the price went up that day. I am not sure if it happened because of that, but people were posting about Bitcoin on Facebook, Twitter, YouTube, etc.

So... Let's get Bitcoin moving again. Everyone, post links to exchanges on ALL your social media pages.

Bitcoin is not a company, WE ARE THE COMMERCIALS, if we do not advertise for it, it will die.

It will not die ... Tongue heh... and I am sure Bitcoin has a lot of commercials around Interweb.

people are talking about bitcoin everyday over the all Interweb.

And I respect your support! Smiley who knows, maybe your action made some +% Cheesy
hehe Smiley  I must say I do not really think so. Smiley How many viewers you have? Smiley

I had like 200 people on the event, and gave them all 30 ways to spread the word.
sr. member
Activity: 308
Merit: 253
April 24, 2014, 04:46:54 PM
#6
I made a Facebook event called "Bitcoin day" on Facebook for April 15th, and the price went up that day. I am not sure if it happened because of that, but people were posting about Bitcoin on Facebook, Twitter, YouTube, etc.

So... Let's get Bitcoin moving again. Everyone, post links to exchanges on ALL your social media pages.

Bitcoin is not a company, WE ARE THE COMMERCIALS, if we do not advertise for it, it will die.

It will not die ...

Not like tomorrow, but eventually. We have to talk about it everywhere.
legendary
Activity: 2212
Merit: 1199
April 24, 2014, 04:43:48 PM
#5
I made a Facebook event called "Bitcoin day" on Facebook for April 15th, and the price went up that day. I am not sure if it happened because of that, but people were posting about Bitcoin on Facebook, Twitter, YouTube, etc.

So... Let's get Bitcoin moving again. Everyone, post links to exchanges on ALL your social media pages.

Bitcoin is not a company, WE ARE THE COMMERCIALS, if we do not advertise for it, it will die.

It will not die ... Tongue heh... and I am sure Bitcoin has a lot of commercials around Interweb.

people are talking about bitcoin everyday over the all Interweb.

And I respect your support! Smiley who knows, maybe your action made some +% Cheesy
hehe Smiley  I must say I do not really think so. Smiley How many viewers you have? Smiley
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