What is trust level of this predictions I mean on this platform, site??
Don't trust the prediction, trust the roadmap. We're about to release an important core update. The whitepaper + new website + mobile wallet and payment gateaway will follow. I started to meet french lawyers for establishing GoByte legally and turn it into way more than what it is now. The more we'll work, the more we'll build up confidence, the more people will buy for long term hold
The price will follow.
As for the coin's emission being too high, mining being rewarded with too much coins, maybe there is a few others variables : there is only 239'000 coins in circulation and 205 MNs, that mean more than 80% are locked for people who might want more MNs (and the coin emission will decrease by 12% every year). At the moment, I can see 5k GBX on selling orders and more than 10 BTC on buy orders, it's far away from what I saw with XYLO. Plus.... seriously, XYLO ?
Yeah, right, now it's 8BTC on buy orders and the price is down again to 0.00118..
If you look now there are 2600 GBX on orders with price >0.00100 and the rest (15,000 BTX for prices below 0.001).
So, summary:
2,600 GBX - 2.75 BTC for price >0.001
15,000 GBX - ~6BTC for prices < 0.001
Do you call this a strong buy wall ?
And frankly speaking, if you say 80% of the coins are locked, the fact that the price is going down with only ~40,000 coins in "circulation", the rest being blocked in MNs is a serious issue..
It really means that the market can't absorb the new coins and the only interest is for setting up MNs, which is exactly what I said before
Yes, I know that from time to time we expect the "plunge protection team" to intervene and buy up to 0.00160 in a single burst. Then it's starting all over again, slowly slowly going down..
Or you can be smart and wait for 2018.
Nobody can predict the market. The images what you see up here are for entertainment made by an AI that uses some algorithms.
You want to buy GoByte, you buy. You don't want, then stay out.
Also many users don't understand the market, so there is no need to poke them in the eyes every time they make a "prediction".
"And frankly speaking, if you say 80% of the coins are locked, the fact that the price is going down with only ~40,000 coins in "circulation", the rest being blocked in MNs is a serious issue.."
No it's not an issue, it's a trend. For now.
Maybe this will "enlighten" you
https://snag.gy/07C2u5.jpg