Topic: ★★ ▀▄▀▄▀ BITBAR on BTER now LIVE ▀▄▀▄▀ ★★ - page 10. (Read 8996 times)
Seems Bter has auto withdraw now
Scarce or not it has no real value besides speculation until it is acceptable as a form of payment somewhere, much like any other alt currency (Litecoin excluded).
Personally I can't see it trading at anything over 1:1 and will in fact probably settle at about 0.5-0.75:1 (about the level it was being traded initially) but we'll see what happens when the miners find out it's being traded on an exchange and start cashing in.
Personally I can't see it trading at anything over 1:1 and will in fact probably settle at about 0.5-0.75:1 (about the level it was being traded initially) but we'll see what happens when the miners find out it's being traded on an exchange and start cashing in.
There's still a massive variance between what the sellers think it's worth and what people are prepared to pay for it:
I wonder which side will relent first?
Code:
Sell 0.90989 | Buy 0.71
I wonder which side will relent first?
Its not officially traded on bter yet. So no need to hassle. At the moment most people know about that option to sell/buy are those from the BTB threads here in this forum.
edit: and thats causing a imbalance towards the sell side.
With regard to the pricing, here is a previous post of mine estimating what the fair value is:
Litecoin:
Network Hash: 16,759,472 kH/s
Total Supply: 17,392,400 LTC
Current value: 3.14 USD/LTC
Bitbar:
Network Hash: 700,000 kH/s
Total Supply: 2,800 BTB
Theoretical value: 815 LTC/BTB.
Which seems insanely high (24BTC/BTB). And it is, it doesn't take into consideration adoption, reputation, age, etc.
So compare it to one of the lamer coins of recent times, feathercoin;
Feathercoin:
Network Hash: 1,133,753 kH/s
Total Supply: 6,505,600 FTC
Current value: 0.22018 USD/FTC
Bitbar:
Network Hash: 700,000 kH/s
Total Supply: 2,800 BTB
Theoretical value: 315.8 FTC/BTB.
Which would value bitbar at about $70 USD/BTB (0.65 BTC), which seems very low (probably due to the problems feathercoin currently has).
So there's a rough high and low point for the exchange to base the price from.
My personal feeling is that around 10 BTC/BTB is a fair price IN THE LONG TERM. Short term price, anywhere between 1.5BTC/BTB - 2.0 BTC/BTB.
Litecoin:
Network Hash: 16,759,472 kH/s
Total Supply: 17,392,400 LTC
Current value: 3.14 USD/LTC
Bitbar:
Network Hash: 700,000 kH/s
Total Supply: 2,800 BTB
Theoretical value: 815 LTC/BTB.
Which seems insanely high (24BTC/BTB). And it is, it doesn't take into consideration adoption, reputation, age, etc.
So compare it to one of the lamer coins of recent times, feathercoin;
Feathercoin:
Network Hash: 1,133,753 kH/s
Total Supply: 6,505,600 FTC
Current value: 0.22018 USD/FTC
Bitbar:
Network Hash: 700,000 kH/s
Total Supply: 2,800 BTB
Theoretical value: 315.8 FTC/BTB.
Which would value bitbar at about $70 USD/BTB (0.65 BTC), which seems very low (probably due to the problems feathercoin currently has).
So there's a rough high and low point for the exchange to base the price from.
My personal feeling is that around 10 BTC/BTB is a fair price IN THE LONG TERM. Short term price, anywhere between 1.5BTC/BTB - 2.0 BTC/BTB.
There's still a massive variance between what the sellers think it's worth and what people are prepared to pay for it:
I wonder which side will relent first?
Code:
Sell 0.90989 | Buy 0.71
I wonder which side will relent first?
That's one small step for BitBar, one giant leap for cryptocurrencies.
Talk about a rare coin 
Sweet. Can't wait to see it listed in coinchoose.com and dustcoin.com
I could find a block solo previous night. Not sure if such delight will ever happen again once many start mining it Wait a bit
Wait a bit 
Now we need to get it on coinchoose, as it has an exchange and block explorer.
Is it a good thing to get onto coin choose this early in the game? Like I've been saying, restraint would be good, and a welcome change from the tactics of other alts.
Good point. I'll hold off myself on that for now. Not sure someone else won't bring up the point though.
However, being on coinchoose could encourage the mining community to take it up (especially if profitability was high), and would definitely boost the network hash rate, as well as spread awareness of it.
I think an increase in network hash is a sign of health of a coin. Not sure of the other dynamics about being on CC though. Definitely don't want to encourage a pump/dump dynamic at this point.
Now we need to get it on coinchoose, as it has an exchange and block explorer.
Is it a good thing to get onto coin choose this early in the game? Like I've been saying, restraint would be good, and a welcome change from the tactics of other alts.
Now we need to get it on coinchoose, as it has an exchange and block explorer.
Fireworks!
Bter.com have added BTB for those who willing to test on a LIVE system. All deals are final.
Exchange
https://bter.com/trade/btb_btc
Deposit
https://bter.com/myaccount/deposit/BTB
Withdraw
https://bter.com/myaccount/withdraw/BTB
Exchange
https://bter.com/trade/btb_btc
Deposit
https://bter.com/myaccount/deposit/BTB
Withdraw
https://bter.com/myaccount/withdraw/BTB
from: https://bitcointalk.org/index.php?topic=196125.new;topicseen#new
FANTASTIC !!!!!
Jump to: