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Topic: ★★ ▀▄▀▄▀ BITBAR on BTER now LIVE ▀▄▀▄▀ ★★ - page 4. (Read 8996 times)

member
Activity: 65
Merit: 10
一the. point is somebody ;pay close attention to the coin.is't?
hero member
Activity: 1120
Merit: 501
www.bitcoin.org
What happened to the forum over the last few hours? Did all the children just get home from school? It's unbelievable how immature some of the posts in here are.

We should really be talking facts, not listening to trolls, so let's talk facts:

1. Bitbar is essentially based on one core idea, extreme rarity. Extreme rarity/extreme scarcity has intrinsic benefits in that it's resistant to pump and dump schemes, and thus it's price will remain relatively stable. This makes it an ideal store of wealth. This also makes it significantly unique.
2. Bitbar incorporates ideas from Novacoin, namely POS and POW in combination. It was an offshoot of the fairnova project, aimed at introducing a coin with the good ideas of novacoin, without the 200,000 pre-mined coins by the dev.
3. The network hashrate is very strong and continuing to grow.

Now, if we want to talk about a fair price, let's do a comparison:

  • You've got 18,859,022 ppcoins as of today, at a price of 0.00254 BTC/PPC.
  • You've got 6,513,850 feathercoins as of today, at a price of 0.00202 BTC/FTC.
  • You've got 387,261 novacoins as of today, at a price of 0.0311 BTC/NVC.
  • Compare that to 2,786 bitbars as of today, at a price of 0.69 BTC/BTB.

This makes the total value of all PPcoins 47,901BTC, the total value of all feathercoins around 13,222BTC, and the total value of all novacoins around 12,043BTC. Currently, if we go by the exchange rate on bter.com (which is in beta and not open to the public), you've got a total value of all bitbars around 1,860BTC.

To me, that seems seriously undervalued. Once bitbar on bter.com becomes public and is added to the menu for it's regular users, once bitbar is added to websites such as coinchoose, and hopefully if more real users start looking at bitbar, considering it's strengths and benefits, and ignoring the trolls, we might see this currency continue it's slow and steady march towards adoption.

That's the thing the childish trolls need to understand, this is a long term plan, a long term cryptocurrency, designed to stick around and remain at a stable fair price (whatever that becomes). The fundamentals are sound (design and network hash), and I can see it being accepted (eventually) as a real player.

+1 . and dont you dare worry about pre-mined all the new alt-coins always got pre-mined branded on them. Smiley
newbie
Activity: 42
Merit: 0
What happened to the forum over the last few hours? Did all the children just get home from school? It's unbelievable how immature some of the posts in here are.

We should really be talking facts, not listening to trolls, so let's talk facts:

1. Bitbar is essentially based on one core idea, extreme rarity. Extreme rarity/extreme scarcity has intrinsic benefits in that it's resistant to pump and dump schemes, and thus it's price will remain relatively stable. This makes it an ideal store of wealth. This also makes it significantly unique.
2. Bitbar incorporates ideas from Novacoin, namely POS and POW in combination. It was an offshoot of the fairnova project, aimed at introducing a coin with the good ideas of novacoin, without the 200,000 pre-mined coins by the dev.
3. The network hashrate is very strong and continuing to grow.

Now, if we want to talk about a fair price, let's do a comparison:

  • You've got 18,859,022 ppcoins as of today, at a price of 0.00254 BTC/PPC.
  • You've got 6,513,850 feathercoins as of today, at a price of 0.00202 BTC/FTC.
  • You've got 387,261 novacoins as of today, at a price of 0.0311 BTC/NVC.
  • Compare that to 2,786 bitbars as of today, at a price of 0.69 BTC/BTB.

This makes the total value of all PPcoins 47,901BTC, the total value of all feathercoins around 13,222BTC, and the total value of all novacoins around 12,043BTC. Currently, if we go by the exchange rate on bter.com (which is in beta and not open to the public), you've got a total value of all bitbars around 1,860BTC.

To me, that seems seriously undervalued. Once bitbar on bter.com becomes public and is added to the menu for it's regular users, once bitbar is added to websites such as coinchoose, and hopefully if more real users start looking at bitbar, considering it's strengths and benefits, and ignoring the trolls, we might see this currency continue it's slow and steady march towards adoption.

That's the thing the childish trolls need to understand, this is a long term plan, a long term cryptocurrency, designed to stick around and remain at a stable fair price (whatever that becomes). The fundamentals are sound (design and network hash), and I can see it being accepted (eventually) as a real player.

That is why you hold and wait  Smiley
hero member
Activity: 1120
Merit: 501
www.bitcoin.org
this coin has limited supply less than 2800 pieces in existance, so dont worry about price, most people keep their coin and dont want to sell at cheap rates, you can see the volume is very little is easy to "Pump n Dump" Smiley
sr. member
Activity: 266
Merit: 251
What happened to the forum over the last few hours? Did all the children just get home from school? It's unbelievable how immature some of the posts in here are.

We should really be talking facts, not listening to trolls, so let's talk facts:

1. Bitbar is essentially based on one core idea, extreme rarity. Extreme rarity/extreme scarcity has intrinsic benefits in that it's resistant to pump and dump schemes, and thus it's price will remain relatively stable. This makes it an ideal store of wealth. This also makes it significantly unique.
2. Bitbar incorporates ideas from Novacoin, namely POS and POW in combination. It was an offshoot of the fairnova project, aimed at introducing a coin with the good ideas of novacoin, without the 200,000 pre-mined coins by the dev.
3. The network hashrate is very strong and continuing to grow.

Now, if we want to talk about a fair price, let's do a comparison:

  • You've got 18,859,022 ppcoins as of today, at a price of 0.00254 BTC/PPC.
  • You've got 6,513,850 feathercoins as of today, at a price of 0.00202 BTC/FTC.
  • You've got 387,261 novacoins as of today, at a price of 0.0311 BTC/NVC.
  • Compare that to 2,786 bitbars as of today, at a price of 0.69 BTC/BTB.

This makes the total value of all PPcoins 47,901BTC, the total value of all feathercoins around 13,222BTC, and the total value of all novacoins around 12,043BTC. Currently, if we go by the exchange rate on bter.com (which is in beta and not open to the public), you've got a total value of all bitbars around 1,860BTC.

To me, that seems seriously undervalued. Once bitbar on bter.com becomes public and is added to the menu for it's regular users, once bitbar is added to websites such as coinchoose, and hopefully if more real users start looking at bitbar, considering it's strengths and benefits, and ignoring the trolls, we might see this currency continue it's slow and steady march towards adoption.

That's the thing the childish trolls need to understand, this is a long term plan, a long term cryptocurrency, designed to stick around and remain at a stable fair price (whatever that becomes). The fundamentals are sound (design and network hash), and I can see it being accepted (eventually) as a real player.
member
Activity: 65
Merit: 10
newbie
Activity: 56
Merit: 0

the fact that the exchange has started to trade btbs unofficially is counterproductive for the price. no new buyers get attracted cause nobody learns about btbs, instead alot of miners/hoarders start selling.

Agree, thats why this should have been keep private till public release

It's all part of the pre-mine mentality. Stock up on the pre-market!
legendary
Activity: 1901
Merit: 1024

the fact that the exchange has started to trade btbs unofficially is counterproductive for the price. no new buyers get attracted cause nobody learns about btbs, instead alot of miners/hoarders start selling.

Agree, thats why this should have been keep private till public release
full member
Activity: 224
Merit: 100
Seeing this bar has only 0.15 reward per block.. i think its very undervalued... it will rise.. to around 2.5 btc per btb

Sure buddy, cause releasing a coin with a shitty reward system makes it REALLY valuable. DERP!
ImI
legendary
Activity: 1946
Merit: 1019

the fact that the exchange has started to trade btbs unofficially is counterproductive for the price. no new buyers get attracted cause nobody learns about btbs, instead alot of miners/hoarders start selling.
newbie
Activity: 56
Merit: 0
Seeing this bar has only 0.15 reward per block.. i think its very undervalued... it will rise.. to around 2.5 btc per btb
hero member
Activity: 708
Merit: 500
that may have been a mistake.. 0.63
full member
Activity: 224
Merit: 100
How dumb do you have to be to think that a random altcoin should be valued in some direct comparison to BTC just because it's difficult to mine? Seriously people, use your brain.

The scarcity will keep the price high. NVC is worth nothing, yet in spite of this it's priced higher than LTC simply because there isn't as much supply. People who like to diversify will want some to keep on hand as insurance or to dump during rallies.


Yeah. Mincoin is similar in that regard too. And has a lot of haters. Seems like mincoin, nvc and bitbar have more in common than just scarce supply.



The fact that Bitbar is mentioned in the same breath as Mincoin shows just how scammy, worthless, overhyped and doomed it is.
full member
Activity: 182
Merit: 100

That will last about another two seconds. Given that it takes nearly two days to get a payout and the one pool for it is wak, it might not be profitable by the time you can dump the coin. Especially after another 100 people jump on it.
full member
Activity: 175
Merit: 100
★YoBit.Net★ 350+ Coins Exchange & Dice
I think we all need to stop this, market will make a price, EOD!

Also premined or not, its not like 5% is premined or the maker will dump it now, also early adopters always get the big premium, so what like the life is fair???

I got 700 YAC in 3h and now nothing thats almost 1BTC for notning, so is it my fault or?


Guys, I love Bitcoin but people tend to forget that the early adopters hold about 50% of it. I've heard alot of talk about how they fought to make it popular and that's true for some of them. But most of them just sat on their asses and let their computer mine a few years ago. Now they're millionaires and everyday we see how some of them manipulate the market on MtGox. With that said i still love Bitcoin, but if you're someone that doesn't want to get involved with something where the early adopters are hugely rewarded i don't understand what you're doing on a Bitcoin forum.

Yea because mining for years when no one knew wtf a cryptocurrency was is exactly the same as mining a clonecoin for a day, that has no benefit whatsoever other than enriching the few people in on the scheme.
People already know wtf crypto is since 2 years ago so get your fact right. And your argument seem like you are butthurt because someone mined before you a day.
hero member
Activity: 630
Merit: 502
Does anyone else find themselves singing Don't Stop Believin' whenever Trucoin posts or is it just me?

legendary
Activity: 1344
Merit: 1001
How dumb do you have to be to think that a random altcoin should be valued in some direct comparison to BTC just because it's difficult to mine? Seriously people, use your brain.

The scarcity will keep the price high. NVC is worth nothing, yet in spite of this it's priced higher than LTC simply because there isn't as much supply. People who like to diversify will want some to keep on hand as insurance or to dump during rallies.


Yeah. Mincoin is similar in that regard too. And has a lot of haters. Seems like mincoin, nvc and bitbar have more in common than just scarce supply.

full member
Activity: 364
Merit: 100
Justice as a Service Infrastructure
I just want people to really think about the future for a second before you sell your BTB. BitBar was designed to be as RARE as a physical GOLD BAR. BTB is a BAR of thousands of digital coins. Its not just a way of thinking. To mine 1 BTB could take a year . So there-for the price of a BTB could reflect a years worth of mining and payment. This is what you need to look at when you think about BitBar. i should not be telling you this. i should be buying up all you selling your BTB for nothing but i know that it is never good for one person to hold the sway of one commodity. I want us all to be well off with our digital investments. PLease think of the facts before selling your BTB .

Dude stop pumpin your BS scamcoin already, if its so under-priced STFU and buy up the whole market.

no worries buddy dont buy BTB dont sell BTB go back to the alt-coin section and get back to mining thousands of worthless coins. My advise is for the people holding BTB . not for people who lacked vision not to get involved in BTB. So go seek life elsewhere

The only alt-coin is PPCoin - made a thread about this over a month ago as these ridiculous clonecoins started popping up: https://bitcointalksearch.org/topic/ppcoin-is-the-only-altcoin-167848

I lol'd at this.

Yea? Which part specifically was so funny?

I lol'd at this too. Obviously cannot read correctly.

You know all that LOL'ing and I was started to think you might be high on something, but then I see feathercoin in your profile and thought, well no you cant buy jack with that.

Complain, whine and troll. Go ahead. If you think I cannot buy anything with FeatherCoin, you're wrong. Hmmm, lets see, if i traded it for BitCoins right now on BTC-e, that comes out to about xxx BitCoins. If you cannot tell the difference between your post and a version of your post with bolded parts, you are the one that is high. So, let me tell you now since you cannot read and tell the difference.

"The only alt-coin is PPCoin" <---- I guess you were late and missed out on buying LTC then.  Grin

Well obviously you didn't read the thread and are uneducated about my stance. I don't consider LTC an ALTERNATIVE coin because in the unlikely case where something dramatic might kill Bitcoin like some error in the code, and hence an alternative would need to step up, Litecoin would not be fit to operate either because its based on exactly the same code.
full member
Activity: 182
Merit: 100
How dumb do you have to be to think that a random altcoin should be valued in some direct comparison to BTC just because it's difficult to mine? Seriously people, use your brain.

The scarcity will keep the price high. NVC is worth nothing, yet in spite of this it's priced higher than LTC simply because there isn't as much supply. People who like to diversify will want some to keep on hand as insurance or to dump during rallies.


Does anybody know the profitability compared to other coins? I've been mining these things for a few hours now and I have no idea if it's worth the time xD Thanks!

Pretty sure at this point given the number of people who inexplicably just jumped on BTB, the best way to mine for it is to mine for LTC> Trade for BTC> Trade for BTB.


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