[X] My Assistant

[www.yahoo.com] Bitcoins might be about to crash again. The exchange rate is not favorable right now but it may be headed to drop drastically further.

I know there are a few players who hoard up bitcoins in their e-hentai wallets, I guess because they are hoping the rate will become more favorable in the future. But bitcoins have only been hurt since becoming a regulated currency in various countries this past year, and my instinct tells me that governments around the world keeping an eye on bitcoin may keep certain past shenanigans under control.

If and when the exchange rate temporarily becomes favorable perhaps it's time for these players to redeem their bitcoins into gold stars. Even if bitcoins slowly continue to become more valuable (which I do not think will happen anymore) the sooner you redeem your gold star the sooner you can start to get back the credit rewards it offers, so why wait?

Bitcoins might be about to crash again

Bitcoins are always about to crash again.

Crashes several times per week, for some definition of crash.

OTOH, it's been sitting around $7K +/- 20% since March, which qualifies as "relatively stable" in Cryptoland.

I guess it was fake news because bitcoins never crashed, they've been totally stable. On the other hand [www.livebitcoinnews.com] this story about a crazy robot on Bitstamp is real. Unfortunately I wasn't awake to buy from it at $5760 usd/btc but I bought a gold star for someone just now at $6450 (+2% improvement from today's norm). I hope he wakes up to apply the donation soon.

I am pretty sure this gold star came from the robot because it suddenly appeared selling $5 million usd equivalent in bitcoins at weird prices that it lowered a couple times.

A sudden crash or skyrocketing of BTC would have zero effect on EH's donation system.

https://e-hentai.org/bitcoin.php

Your coins will be converted to the equivalent value in USD at the time you choose to apply it. We use the highest of the current global exchange average and the daily volume-weighed average plus a 10% bonus. The rate will additionally never drop by more than 0.1% per hour. This eliminates most if not all short-term volatility.

The conversion rates right now are 1 BTC = 7208.42 USD for Bitcoin, and 1 BCH = 563.53 USD for Bitcoin Cash.

In short, unless people are stupid enough to see cryptocurrencies as futures (which may make sense outside of this system, but don't count me in, ever), your donation will always be worth exactly what it is at the time of donation, assuming you donate within 100 hours.

Now, if you seek to compare "donation ROIs" in different timepoints, just drop it. Some of us donated a gold star worth at the worst possible time and would be level 500 catgirls, because no one predicted BTC would hit $20K in December 2017.

But we're still better off than people who donated exactly when it was worth just that if we go with that mindset.

At the end of the day, it doesn't matter when you donate, as long as you apply the donation quickly. Don't capitalize on it, that's not what it is for here.

It's supposed to work like you imagine and it generally does. But since I'm such a penny pincher I try to eek out every dollar I can. The drop rate limit of 0.1% per hour is about right but it's a faster bleed than you'd think. If someone waits 48 hours to donate that's a potential drop of 4.8% which could cause the bitcoins to be insufficient for the star.

A skyrocketing of bitcoin is worse and if sufficiently violent may instantly ruin a star. While the actual exchange rate may not matter, it does help to check its recent changes to make sure you get a decent price for that day.

Holy crap bitcoin crashed to $6100 today, I wish I could have foreseen this. Because I didn't, the gold star I thought I got a good deal on yesterday is now in danger of dropping below $100.

A picture is worth a thousand words, just see here: https://e-hentai.org/bitcoin.php

EH does a rolling mean of BTC value across weeks to ensure better stability.

Stop gambling with half the information and use your BTC for whatever you need. Speculating on top of speculation never ends well, lol.

Hentaiverse does not do a rolling average across weeks, the average is at most across one day only. I'm not even convinced it does that part exactly as stated. It works fine as is, but I've sold a lot of stars by now and I've learned to see things that most people won't (and don't need to) bother with.

I'm trying to avoid saying too much for certain reasons, and my lack of full explanation has its drawbacks sorry. Blackjac says he won't sell gold stars when the bitcoin rate is fluctuating wildly. I could not understand that before because it should not be a problem according to the Hentaiverse exchange rate explanation. But now I understand it.

I know there are a few players who hoard up bitcoins in their e-hentai wallets, I guess because they are hoping the rate will become more favorable in the future. But bitcoins have only been hurt since becoming a regulated currency in various countries this past year. Perhaps it's time for these players to redeem their bitcoins into gold stars. The sooner you redeem your gold star the sooner you can start to get back the credit rewards it offers.

I agreed that over speculation is not good. What I'm doing is not quite speculation. I usually try to be online simultaneously with the person I sell stars to and advise them to donate immediately, but they can do whatever they want. I usually only stand to gain by looking for a short term drop in price on the scale of minutes or hours.

As an example, even though I regretted not buying bitcoin at $6100, after I purchased at $6450 the rate instantly went back up to $6520 for half a day, so the star buyer had all that time and more to login and donate, which I'm hoping he did.

This post has been edited by BlueWaterSplash: Oct 11 2018, 22:29

Just a heads up to people reading through this thread, Coinbase for some bizarro reason now requires you to verify your account with a photo ID for SENDING or RECIEVING (???) to/from another wallet. I actually bought some BCH as the crash was happening yesterday and figured I'd send it to my wallet here but Nope/Nada. It seems in their logic you can buy crypto on Coinbase with a debit card, but now you can't send it and can't cash it back out unless you have a USD wallet enabled which needs a photo ID again to verify).

Guess I'll see if they can cancel the transaction and get the money back to the bank (its only technically on hold waiting for release atm), and maybe I'll start snoping around for a different exchange again like I was at one point earlier this year. Any suggestions would be most welcome.

Holy cow what is going on with bitcoin it has gone up 10% in just one hour.

At the end of the day, it doesn't matter when you donate, as long as you apply the donation quickly. Don't capitalize on it, that's not what it is for here.

Today you would be wrong. If someone right now bought $100 of bitcoins, or even worse bought it for someone worse, and immediately redeemed it, they would get only $98 and gold star would fail.

This is one of several cases where I'm not convinced Hentaiverse exchange rate works exactly as stated. The actual exchange rate was higher than the Hentaiverse exchange rate for a while. This is why I check before I buy. On a day like today your $100 donated immediately could become $95 or $115 (if reversed).

This post has been edited by BlueWaterSplash: Oct 15 2018, 09:35

Holy cow what is going on with bitcoin it has gone up 10% in just one hour.

it's called "market fluctuation". admin's algorithm is designed to level them to a certain extent, but "to a certain extent" doesn't mean flawless, afaik. for further infos, you know who to ask to.

Today you would be wrong. If someone right now bought $100 of bitcoins, or even worse bought it for someone worse, and immediately redeemed it, they would get only $98 and gold star would fail.

If you bought $100 worth of bitcoin at any point since the new falloff algorithm was added and redeemed it within four days, you would have been credited with at least a $100 donation regardless of any fluctuations. This is literally guaranteed.

Obviously if you are trying to hit exactsies with the site's exchange rate, you would have to redeem it before the next price update if it were ticking downwards, but that would be no one's fault but your own.

I've been figuring in the typical 4% to 5% debit card fees into my calculations which cuts the margin of error a bit.

I usually buy when the exchange rate is dropping, the 0.1% falloff limit per hour works well. I have more trouble when the rate is rising. Maybe I'm mistaken but it feels to me that the Hentaiverse rate doesn't rise fast enough, even when the actual rate is rising only moderately.

Today's situation was extreme though and there was no way the Hentaiverse rate could keep up. The real exchange rate went up by 10% in less than an hour, and Hentaiverse only updates every hour.

Technically all this doesn't matter to me since I always pay the same amount out of my pocket, the star recipients are the ones who receive slightly different amounts, and they usually get plenty to spare thanks to the generosity of the Hentaiverse system.

Why not integrate BTCPay Server?

Awesome project.
[github.com] https://github.com/btcpayserver/btcpayserver

Edit:
Ahh I check the bitcoin.php page now, never mind.

This post has been edited by stinkydanger: Dec 1 2018, 19:25

I wonder if there is possible to use normal donation options. Like creditcard stuff. Miss more donation options. If so I might throw in some.
Maybe other people as well who are unfamiliar with BTC or can't use it for one or other reasons. Much appreciated if this could be considered.

I wonder if there is possible to use normal donation options. Like creditcard stuff. Miss more donation options. If so I might throw in some.
Maybe other people as well who are unfamiliar with BTC or can't use it for one or other reasons. Much appreciated if this could be considered.

you took the words right out of my mouth and posted it as your comment lol. Bitcoin is so much work to do and understand that it's making my head spin. i literally just want to donate $20 to just unlock the first star but having bitcoin as the only options is hard for me to do. Been wanting to donate for years now but i can't really trust/ understand this whole bitcoin thing. And now i just noticed after signing up on coinbase that now they require you to send a picture of your id to buy and sell bitcoin.....

This post has been edited by x0006xp: Feb 27 2019, 13:37

Get someone else to donate for you by working hard (read: contribute regularly or play HV, the latter can make you fat rich if you have too much time).

$20 should be peanuts. Something like 8-10m credits at most, or 2000-2500 Hath.

Waiting for too long to donate is a bad thing (you get donation rewards each dawn) especially for higher tiers unless you're gambling on BTC value (donating yourself), and only if you value the "catgirl reward" or whatever. Having an aqua name and some shitty banner isn't my kick, especially if I decide to magically have it turn red at some point, which will override any other color.

This post has been edited by 43883​: Feb 27 2019, 17:22

Get someone else to donate for you by working hard (read: contribute regularly or play HV, the latter can make you fat rich if you have too much time).

$20 should be peanuts. Something like 8-10m credits at most, or 2000-2500 Hath.

Waiting for too long to donate is a bad thing (you get donation rewards each dawn) especially for higher tiers unless you're gambling on BTC value (donating yourself), and only if you value the "catgirl reward" or whatever. Having an aqua name and some shitty banner isn't my kick, especially if I decide to magically have it turn red at some point, which will override any other color.

yeah i have been playing HV but the most i probably ever got was 200k credits in the past 3-4 years. As to contributing regularly, i do post some torrent but like after a year of doing that i only made like 3 mill GP. Having the $20 tier is almost like a dream for me lol. i would have donated much more than that if i could just use my credit card instead of the idea of having to set up a bitcoin wallet and providing Id to buy and sell the bitcoin and choosing whic his the best site to do it for the country i live in, Really so many hoops one need to jump throught just to donate. It just seems really riskiy and i don't really trust it to be honest.

you took the words right out of my mouth and posted it as your comment lol. Bitcoin is so much work to do and understand that it's making my head spin. i literally just want to donate $20 to just unlock the first star but having bitcoin as the only options is hard for me to do. Been wanting to donate for years now but i can't really trust/ understand this whole bitcoin thing. And now i just noticed after signing up on coinbase that now they require you to send a picture of your id to buy and sell bitcoin.....

This complaint has been posted multiple times before, both in this and other threads. The explanation as to why Bitcoins are the preferred method is simply that paysites like PayPal do not allow their services to be used for websites that offer adult content. There's also other forms of red tape too I'd imagine, but that's usually been the main reason cited.

Honestly, despite the initial setup, Bitcoins were fairly simple for me. Yeah, I'd say the fees have gone up a little in the last year or two, but it's secure and quick. I've had a couple of accounts for Bitcoin, and I've never had an issue with security. I use Coinbase primarily. They're great, and I think they only require a photo ID upload for enabling higher buying limits.