[ANN][CRB] Creditbit - ERC20 token - page 108.

chameleon22

newbie

Activity: 20

Merit: 0

Quote from: LowByter on March 01, 2017, 06:00:10 PM

Quote from: chameleon22 on March 01, 2017, 05:49:48 PM

Quote from: LowByter on March 01, 2017, 10:19:12 AM

Did a small calculation...

There are 94300 CreditBit for sale at Livecoin.net ... for a total of 65.6 BTC

If you were to buy all of them... you would be paying 79.200$

That makes the price 0.84$ per CreditBit Shocked

Good bye cheap coins Cry

So, if I also have (my own) 94300 Creditbits and sell them for 1 BTC each:
1. I will be on top of the Selers in order book as the highest sell order of CRBIT/BTC
2. For anyone to buy all the 188600 Creditbits, he would need 65.6 BTC (for the first 94300) PLUS 94300 BTC more for my next 94300 Creditbits.
3. This makes the 'price' per Creditbit almost $604 !!!
4. And this can be done in less than a minute, all it takes is for me or anyone to place a Sell order for 94300 Creditbit at 1 BTC each.

Great math to prove the real 'price' of any coin... please guys, get serious.

But no one will buy it at 1btc so your theory makes no sence at all...

All I said is how much you need to spend to get the whole batch...so the 'real' price is dictated by how much you want to buy...like I said, pretty simple math...

My friend, you assume someone will 'want' to buy all the Creditbits in your scenario... why do you think someone will not buy all of them in my scenario? It's all a matter of who wants to buy what, not math. If your theory is right, then mine is right and vice versa. Math, is another thing... believe me.

I just pointed out that this is not the way to calculate the value of a coin. It is not measured by how many are sellling it, as anyone can sell at any price, just like you say anyone can buy as much as one wants to buy.

According to your 'math' I would suggest that the 'price' can be better measured if the average derives from the buyers, not the sellers. On their Sum you may create various measurements. You may use them all (which again is not the best as someone can place a buy order at 0.00000001) or work with a thershold, for example all the buy orders starting from the highest all the way down to -20 percent from current bid. There is no accurate way to express the value other than current bid alone (not ask).

Anyway, I am sure you got my point.

DXB2017

sr. member

Activity: 434

Merit: 250

Quote from: CreditBit-dev on March 01, 2017, 05:33:39 PM

Quote from: myhrebonus on March 01, 2017, 05:29:19 AM

Isnt this the date for the release of the new website?

Yes it is! We have a new official website!

http://creditbit.org/

P.S.: ATM, the website's focus is on the migration process. More content will be added later.

WTF...i can say only WOW!
Thanks Dev team.
Thanks god i did not sold my coins few months ago!
You guys make my life happy.
Thanks!

LowByter

sr. member

Activity: 350

Merit: 250

Quote from: chameleon22 on March 01, 2017, 05:49:48 PM

Quote from: LowByter on March 01, 2017, 10:19:12 AM

Did a small calculation...

There are 94300 CreditBit for sale at Livecoin.net ... for a total of 65.6 BTC

If you were to buy all of them... you would be paying 79.200$

That makes the price 0.84$ per CreditBit Shocked

Good bye cheap coins Cry

So, if I also have (my own) 94300 Creditbits and sell them for 1 BTC each:
1. I will be on top of the Selers in order book as the highest sell order of CRBIT/BTC
2. For anyone to buy all the 188600 Creditbits, he would need 65.6 BTC (for the first 94300) PLUS 94300 BTC more for my next 94300 Creditbits.
3. This makes the 'price' per Creditbit almost $604 !!!
4. And this can be done in less than a minute, all it takes is for me or anyone to place a Sell order for 94300 Creditbit at 1 BTC each.

Great math to prove the real 'price' of any coin... please guys, get serious.

But no one will buy it at 1btc so your theory makes no sence at all...

All I said is how much you need to spend to get the whole batch...so the 'real' price is dictated by how much you want to buy...like I said, pretty simple math...

chameleon22

newbie

Activity: 20

Merit: 0

Quote from: LowByter on March 01, 2017, 10:19:12 AM

Did a small calculation...

There are 94300 CreditBit for sale at Livecoin.net ... for a total of 65.6 BTC

If you were to buy all of them... you would be paying 79.200$

That makes the price 0.84$ per CreditBit Shocked

Good bye cheap coins Cry

So, if I also have (my own) 94300 Creditbits and sell them for 1 BTC each:
1. I will be on top of the Selers in order book as the highest sell order of CRBIT/BTC
2. For anyone to buy all the 188600 Creditbits, he would need 65.6 BTC (for the first 94300) PLUS 94300 BTC more for my next 94300 Creditbits.
3. This makes the 'price' per Creditbit almost $604 !!!
4. And this can be done in less than a minute, all it takes is for me or anyone to place a Sell order for 94300 Creditbit at 1 BTC each.

Great math to prove the real 'price' of any coin... please guys, get serious.

LowByter

sr. member

Activity: 350

Merit: 250

Quote from: logictense on March 01, 2017, 05:37:59 PM

Quote from: LowByter on March 01, 2017, 05:12:16 PM

Quote from: CreditBit-dev on February 24, 2017, 06:51:56 AM

Quote from: razoor on February 22, 2017, 01:04:33 PM

Hello guys, I believe you are experts here so can you help me answer some questions?

1, In what category is the Creditbit first? In what category Creditbit promotes itself? 2, What new features this coin creates? How is it unique? 3, Are promises kept by devs? 4, Are features on roadmap delivered regularly? 5, What is overall state of development? 6, Can I find somewhere number of daily transactions?

Hey razor,
we are glad that you have raised this questions and are honored to answer them.

1. Creditbit will be a payment system for a Credit ecosystem of smart contracts. It's kinda hard to categorize the whole project as it has been planned as a collection of accompanying decentralised applications.
CreditDAO - Decentralised and censorship free governance. (Our take on fair and transparent democracy)
CreditGame - Decentralised gaming that rewards players for their commitment.
CreditBay - Decentralised comodity market, governed by the community.
CreditIdentity - Identification over the blockchain for those that want to be transparent in their endeavours.

about the promotion, when CreditDAO will be launched anyone will be able to join our promo team and help us with marketing, for that he/she will allso be compensated through a totally new way bounty system(We don't talk about it because the idea is not yet finalised, but if anyone want to help us please PMus on slack)

2. The coin will be a standard ERC20 compliant token on ethereum network. The additional features that the coin has(besides the accompanying projects that are fully integrated with the coin) are: New distribution system POP/T, locking mechanism, possibility of lending the coins and have collateral on the chain, the possibility to co create the whole development/marketing process if you are a holder, of course all the features of the ethereum network(fast block times, additional data in the transactions, strong and secure network) and much much more.

3. We hope so, we have just started and are doing the best we can to deliver even more that we have promissed.

4. We understand that the deadlines are constantly broken with almost every crypto project in this space. With that in mind we are doing the everything that the deadlines will be met or even surpassed!

5. We are hard at work, our whole team is preparing for the migration process that will start on 8. march. For other details please wait we will post development update soon...

6. At the moment you are able to see the transactions on one of the 3 block explorers (example: https://creditsight.creditbit.org/), but this is the old coin, for the new one you will see the transactions on ether scan when we will deploy the token.

Hope we answered all of your questions, if not please ask in more detail

and again thanks for the questions Wink

,

yours, Credit Dev Team

Now where can you find such a dev team that makes time to answer ALL the questions???

You guys are THE BEST and that is why I invest in this project!

If u give 30 dollars to an average unemployed woman under 60, she will certainly find time to set it forth, and the quality of the reply will be astonishing. Stop bothering about details and look at the bigger picture, 90 percent of what has been stated is far from being real.

If this is only 10% we're in for a lifetime!

Don't be negative bro...it brings cancer Wink

LowByter

sr. member

Activity: 350

Merit: 250

Quote from: CreditBit-dev on March 01, 2017, 05:33:39 PM

Quote from: myhrebonus on March 01, 2017, 05:29:19 AM

Isnt this the date for the release of the new website?

Yes it is! We have a new official website!

http://creditbit.org/

P.S.: ATM, the website's focus is on the migration process. More content will be added later.

Wooohooo!!!

And I see you kept the name!

CreditBit!!!!!

logictense

hero member

Activity: 2147

Merit: 518

Quote from: LowByter on March 01, 2017, 05:12:16 PM

Quote from: CreditBit-dev on February 24, 2017, 06:51:56 AM

Quote from: razoor on February 22, 2017, 01:04:33 PM

Hello guys, I believe you are experts here so can you help me answer some questions?

1, In what category is the Creditbit first? In what category Creditbit promotes itself? 2, What new features this coin creates? How is it unique? 3, Are promises kept by devs? 4, Are features on roadmap delivered regularly? 5, What is overall state of development? 6, Can I find somewhere number of daily transactions?

Hey razor,
we are glad that you have raised this questions and are honored to answer them.

1. Creditbit will be a payment system for a Credit ecosystem of smart contracts. It's kinda hard to categorize the whole project as it has been planned as a collection of accompanying decentralised applications.
CreditDAO - Decentralised and censorship free governance. (Our take on fair and transparent democracy)
CreditGame - Decentralised gaming that rewards players for their commitment.
CreditBay - Decentralised comodity market, governed by the community.
CreditIdentity - Identification over the blockchain for those that want to be transparent in their endeavours.

about the promotion, when CreditDAO will be launched anyone will be able to join our promo team and help us with marketing, for that he/she will allso be compensated through a totally new way bounty system(We don't talk about it because the idea is not yet finalised, but if anyone want to help us please PMus on slack)

2. The coin will be a standard ERC20 compliant token on ethereum network. The additional features that the coin has(besides the accompanying projects that are fully integrated with the coin) are: New distribution system POP/T, locking mechanism, possibility of lending the coins and have collateral on the chain, the possibility to co create the whole development/marketing process if you are a holder, of course all the features of the ethereum network(fast block times, additional data in the transactions, strong and secure network) and much much more.

3. We hope so, we have just started and are doing the best we can to deliver even more that we have promissed.

4. We understand that the deadlines are constantly broken with almost every crypto project in this space. With that in mind we are doing the everything that the deadlines will be met or even surpassed!

5. We are hard at work, our whole team is preparing for the migration process that will start on 8. march. For other details please wait we will post development update soon...

6. At the moment you are able to see the transactions on one of the 3 block explorers (example: https://creditsight.creditbit.org/), but this is the old coin, for the new one you will see the transactions on ether scan when we will deploy the token.

Hope we answered all of your questions, if not please ask in more detail

and again thanks for the questions Wink

,

yours, Credit Dev Team

Now where can you find such a dev team that makes time to answer ALL the questions???

You guys are THE BEST and that is why I invest in this project!

If u give 30 dollars to an average unemployed woman under 60, she will certainly find time to set it forth, and the quality of the reply will be astonishing. Stop bothering about details and look at the bigger picture, 90 percent of what has been stated is far from being real.

CreditBit-dev

member

Activity: 105

Merit: 10

Quote from: myhrebonus on March 01, 2017, 05:29:19 AM

Isnt this the date for the release of the new website?

Yes it is! We have a new official website!

http://creditbit.org/

P.S.: ATM, the website's focus is on the migration process. More content will be added later.

DXB2017

sr. member

Activity: 434

Merit: 250

Look like dev team work on site.
Cant wait to see new site!

https://www.creditbit.org/

LowByter

sr. member

Activity: 350

Merit: 250

Quote from: CreditBit-dev on February 24, 2017, 06:51:56 AM

Quote from: razoor on February 22, 2017, 01:04:33 PM

Hello guys, I believe you are experts here so can you help me answer some questions?

1, In what category is the Creditbit first? In what category Creditbit promotes itself? 2, What new features this coin creates? How is it unique? 3, Are promises kept by devs? 4, Are features on roadmap delivered regularly? 5, What is overall state of development? 6, Can I find somewhere number of daily transactions?

Hey razor,
we are glad that you have raised this questions and are honored to answer them.

1. Creditbit will be a payment system for a Credit ecosystem of smart contracts. It's kinda hard to categorize the whole project as it has been planned as a collection of accompanying decentralised applications.
CreditDAO - Decentralised and censorship free governance. (Our take on fair and transparent democracy)
CreditGame - Decentralised gaming that rewards players for their commitment.
CreditBay - Decentralised comodity market, governed by the community.
CreditIdentity - Identification over the blockchain for those that want to be transparent in their endeavours.

about the promotion, when CreditDAO will be launched anyone will be able to join our promo team and help us with marketing, for that he/she will allso be compensated through a totally new way bounty system(We don't talk about it because the idea is not yet finalised, but if anyone want to help us please PMus on slack)

2. The coin will be a standard ERC20 compliant token on ethereum network. The additional features that the coin has(besides the accompanying projects that are fully integrated with the coin) are: New distribution system POP/T, locking mechanism, possibility of lending the coins and have collateral on the chain, the possibility to co create the whole development/marketing process if you are a holder, of course all the features of the ethereum network(fast block times, additional data in the transactions, strong and secure network) and much much more.

3. We hope so, we have just started and are doing the best we can to deliver even more that we have promissed.

4. We understand that the deadlines are constantly broken with almost every crypto project in this space. With that in mind we are doing the everything that the deadlines will be met or even surpassed!

5. We are hard at work, our whole team is preparing for the migration process that will start on 8. march. For other details please wait we will post development update soon...

6. At the moment you are able to see the transactions on one of the 3 block explorers (example: https://creditsight.creditbit.org/), but this is the old coin, for the new one you will see the transactions on ether scan when we will deploy the token.

Hope we answered all of your questions, if not please ask in more detail

and again thanks for the questions Wink

,

yours, Credit Dev Team

Now where can you find such a dev team that makes time to answer ALL the questions???

You guys are THE BEST and that is why I invest in this project!

DXB2017

sr. member

Activity: 434

Merit: 250

Real soon we will see new level of creditbit price right after coin move to eth platform. Lets wait few more days!

LowByter

sr. member

Activity: 350

Merit: 250

Did a small calculation...

There are 94300 CreditBit for sale at Livecoin.net ... for a total of 65.6 BTC

If you were to buy all of them... you would be paying 79.200$

That makes the price 0.84$ per CreditBit Shocked

Good bye cheap coins Cry

myhrebonus

newbie

Activity: 3

Merit: 0

Isnt this the date for the release of the new website?

gobbi

sr. member

Activity: 429

Merit: 250

First day of trading on DABTC mad big volume and nice price rise. Can´t wait the migration and a coin with all features.

DXB2017

sr. member

Activity: 434

Merit: 250

Quote from: romanekras on March 01, 2017, 12:43:53 AM

Creditbit Goes Live on DaBTC

Following the announcement of CreditBit on DaBTC exchange a few days ago, the cryptocurrency is now set to go live on the exchange today. The community has been buzzing with excitement over the news and is positive about the cryptocurrency’s future in the Chinese market.
Creditbit is an open source software project released under the MIT/X11 license which gives you the power to run, modify, and copy the software and to distribute, at your option, modified copies of the software. The software is released in a transparent process that allows for independent verification of binaries and their corresponding source code.
The addition of Creditbit to the Chinese exchange had caused much excitement as was evident with the crypto’s bullish behaviour at that time. The significant jump in the prices had led Creditbit price to an unprecedented high of 0.00046295 BTC and had also reached the market cap of 5,758, 969 USD.
Creditbit holders feel the impact of Creditbit going live on the big Chinese exchange, DaBTC, would be great on the cryptocurrency. Creditbit is already a cause of great excitement with its rapid adoption and increasing trade volume. The access to Chinese market will only provide a positive boost to Creditbit.
Creditbit is also ready for Ethereum migration and the process starts on March 8, 2017 as reported by the Creditbit development team in an earlier post on Bitcoin Talk.

Thanks for info!
Dabtc give real nice support !

romanekras

sr. member

Activity: 434

Merit: 250

Creditbit Goes Live on DaBTC

Following the announcement of CreditBit on DaBTC exchange a few days ago, the cryptocurrency is now set to go live on the exchange today. The community has been buzzing with excitement over the news and is positive about the cryptocurrency’s future in the Chinese market.
Creditbit is an open source software project released under the MIT/X11 license which gives you the power to run, modify, and copy the software and to distribute, at your option, modified copies of the software. The software is released in a transparent process that allows for independent verification of binaries and their corresponding source code.
The addition of Creditbit to the Chinese exchange had caused much excitement as was evident with the crypto’s bullish behaviour at that time. The significant jump in the prices had led Creditbit price to an unprecedented high of 0.00046295 BTC and had also reached the market cap of 5,758, 969 USD.
Creditbit holders feel the impact of Creditbit going live on the big Chinese exchange, DaBTC, would be great on the cryptocurrency. Creditbit is already a cause of great excitement with its rapid adoption and increasing trade volume. The access to Chinese market will only provide a positive boost to Creditbit.
Creditbit is also ready for Ethereum migration and the process starts on March 8, 2017 as reported by the Creditbit development team in an earlier post on Bitcoin Talk.

LowByter

sr. member

Activity: 350

Merit: 250

305.000$ volume of trade on dabtc.com alone...Chinese will soon buy all available Cbit at this tempo Shocked

DXB2017

sr. member

Activity: 434

Merit: 250

Dabtc CRBIT/CNY $ 0.4562093 real nice to see that price on www.dabtc.com for Creditbit!
its over worldcoinindex.com site

LowByter

sr. member

Activity: 350

Merit: 250

Seems like we hit 0.5$!!

https://www.worldcoinindex.com/coin/creditbit

Roll Eyes

DXB2017

sr. member

Activity: 434

Merit: 250

more...

http://www.fxpips.com/creditbit-posts-last-update-about-creditbit-token-ecosysytem/

Topic: [ANN][CRB] Creditbit - ERC20 token - page 108. (Read 391259 times)