Topic: BitBay |Decentralized Marketplace|Smart Contracts|IoT Tech|Markets Open - page 188. (Read 339486 times)

I would hope that the "rest of the people here" considered the possibility before they bought in and decided it was a reasonable risk.  I've been investing for 30 years in various venues and crypto is no exception. Some of you have said there is no protection in alt coins and, I agree but, there is really no protection in ANY investment, it's all an illusion. When Mr Madoff "made off" with all those billions for all those years, do you really think the investors, read "victims" actually got their money back? Dream on. When the banks here failed, did we get our money back? You will answer "yes, the gov't paid depositors who lost funds but, you would be wrong in the long run. The money the gov't repaid through the FDIC was taken from the system>economy>federal funds>taxes>people so, it was just repurposed and moved around, we paid ourselves.

The point being, there is no guarantee in life other than death. Until then, you do what makes you happy. If trying to save the world makes you happy, go for it. If trying to scare people and devalue a viable business venture makes you happy, well I suppose that's your problem but, those of us who have done our due diligence, as well as possible here in this make believe world, we will simply move on.

One more thing, I have never and will never P&D a coin but, why people demonize those that do is somewhat beyond me. There are many ways to make money in investing but, the bottom line, the truth, the reason for it all is simply: buy low > sell high > repeat. As long as you don't break any laws doing this, all is fair. It's up to the markets to decide the future of a currency, stock, alt coin, whatever. The market, remember that...

Yes. I am that guy.

sureeee  . Aren't you the guy who said Bitbay is overpriced?  

JLo999?

Really?

lol

fwiw I didn't intend on hanging around here as most of you seem to think otherwise...and I still dont. I've said what I have to say and will leave it at that. You can choose to keep smoking the hopium, or finally decide to start thinking outside the box. Last piece of advice though...@EMC2Whale aka Bobsurplus is involved. Take that for what it is.

Good luck with BitBay, you guys will surely need it.

@J9901
in what coin you stand ?..
lets play fair
no need to dropping each other

+1  I agree, please delete it. This is a commercial venture, we don't need that kind of crap here. He can go to the other thread and get his ego stroked by posting there...

to the people engaging with JLo999 -

you are doing exactly what he wants, which is provide someone for him to argue with, this gives him a chance to repeat his fud over and over again. check this guy's post history - you will see him doing the same thing in many threads.

and JLo if you have any proof to back up your claims (devs buying their own coin, etc.) can you please include this proof in your next post. otherwise it is fud. and clearly so, since you have now been challenged to provide proof of your claims.

if you do not come with specific proof, it would seem are clearly trying fud this coin - as you have done in each of the coins in your post history. so seems to me the mods should politely encourage you to take your fudding over to the area 52 bitbay thread, where you will find familiar surroundings.

Bitcoin comes to mind...

https://plus.google.com/+DavidKokua/posts/RcA4CZMjMLM

If you want to know a bit more about the lead dev, here is some detailed information. This is primarily why I am a buyer here. The unknowns are the people he is working with, but assuming they are for real, Bitbay might be a massive success. I am thinking about buying more actually.

I get what you mean, so let me explain further;

So some people here are seriously going to believe than a 3000 btc ICO will completely sell out during a time when the alt market volume is deteriorating? Where talking an ICO who got to accumulate nearly 500% Bittrex's daily 24hr volume? lol

First people think they were the Chinese buying. Ok so if the Chinese bought, how did they react? I doubt many Chinese bought this. Like me they saw all the red flags. The amount of positive reviews with absolutely nothing to back them except 'TO DA MOON' on bter during the ICO was also laughable. The same 2-3 people posting the reviews to try and get more buys as the devs keep buying their own coins sporadically throughout the day to create fake demand.

At least you have an open-mind and are considering the possibility compared to  the rest of the people here.

Quite happy to provide it.

254321 Sellwall @ 800 Sats coming right up on BTER.

Its a plausible scenario. Does not mean its the correct scenario.

The buyers have to hope that the devs are honest, and thats it basically at this point. They do not have much protection.

Except in this case, the dev would have over 50% of the total coin supply which was gotten for free...which could be dumped at ANY price for profit.  

C'mon guys. Risk Management. Trading 101.

I don't think it is like that actually. I think it's exactly as I described it. It is very different from a "coin". I'm not saying it's better or worst but I think I understand it better than you appear to.



...and despite that have had a team of some of the most productive developers in the whole of crypto who have turned out successful results which now garner an increasing audience of asset traders and a sustained top-10 marlet cap position.


It's one of the defining characteristics of crypto that they are "decentralised". That specifically means that they are not a business. You are not investing in a business by investing in Bay. You don't have any stake in a business the way you do if you actually buy stock. You're simply holding addresses on a blockchain and hoping that adoption will do the job of giving them value. As I say above - I'm not discounting that possibility. By all accounts this is a well planned project which has a reasonable chance of success. But be clear about what you are investing in and where you're returns are going to come from because they're not going to come from any "business" revenue if you're simply holding coins.

Usually the "revenue" from these projects isn't revenue at all. What happens is everybody invests, then waits for the developers to announce "imminent big features. Then the currency pumps on the announcement, everybody sells and takes profits, then the valuation is left on the deck once the actual features arrive. At that point it becomes semi investable for someone who actually IS interested in the long term merits of the project because it has a bit of a track record and people can make up their own minds about what it's worth and what potential it has.


Who exactly is "they" ? The "Bitcoin" company ?

Bitcoin has grown organically. It hasn't spend millions on promition, it's just an organic technological phenomenon than an increasing number of people became interested in and around which markets developed.

This is one plausible scenario, of course. But it can not be confirmed so no point worrying over it. Devs buying their ICO to increase interest is quite widespread, so I won't be surprised if that indeed happened.

@toknormal: Bitshares get traded as any other altcoin on exchange so your arguement is faulty. It's like saying URO isn't a coin because it's backed up with collateral (Urea). "Shares" is just an illusion.

As far as other altcoins (DRK, NXT etc) their team don't have money that is required for the development and marketing and that's where BitBay left everyone else behind.

Think of it as two new business in the market...Who would succeed? One who has only IDEA or one who has idea + money that is required to implement the idea successfully?

Why is Bitcoin still ahead of everyone? It's because they have so much money to market it and get more and more investors..not because it's better but because they have the money to implement the process that'll attract more investors. People know about bitcoin but they don't know about altcoins...why? it's because we're poor and BitBay will change it forever.

Please don't compare Bitbay to last year launch or any other coin. How many of those coins raised 3000 BTC during launch?

NONE

At the end of the day we all have to wait till everything is done so why bring your unnecessary arguement? I highly doubt you have anything invested in this coin and I would require a proof if you want to argue further. I would be forced to put you on ignore if that proof isn't provided in your next post.

First of all, Bitshares is not a "coin". You're not buying a currency, you're investing in the underlying asset that acts as collateral for the creation and adoption of  other assets. Those asset's creation and adoption directly impacts the value of the underlying collateral due to the mechanics of that blockchain logic.

You can't really compare the two. NxT however is probably a fairer comparison.

Secondly, notice how you justify your use of the word "bargain"........"you'll see what I mean once everything is implemented".

You're treading on well trodden soil here. There are plenty precedents for making a realistic market valuation of "you'll-see-what-I-mean-once-everything-is-implemented" coin.

A year ago "you'll-see-what-I-mean-once-everything-is-implemented" coin could make you big gains if you got in at ground level. But a year later, 280 Sats most definitely is not ground level.

It doesn't mean Bay can't be a viable, successful project. Also doesn't mean that decent gains can be made and that it could even be an exciting project to follow and be a stakeholder in. But at the same time regard every milestone as a bonus if it hasn't already been delivered.

Another thing no note is this: If you look at the last year's history of launches, "you'll-see-what-I-mean-once-everything-is-implemented" coin reaches is maximum valuation when everything HASN'T been implemented. Developments get priced in way before they actually arrive to the extent that when they finally appear the valuation gets dumped. Going on past performance (e.g. NxT, Darkcoin, Mastercoin, Blackcoin, Aurora etc) expect to loose around 75% of the peak valuation when the anticipated features actually appear.

the simple thing
how to make this price rebound is asking investors to hold their coin
thats it,..

+1

You must be idiot or something...show me one dev who have the guts to just give 2500 BTC to BTER or any other altcoin exchange...
The risk is too great just to make 400-500 BTC.

On top of that, bter is not releasing the full funds...nobody affords to have 2500 BTC stuck with an exchange playing escrow side.

Cut your crap already and take your head out of that sand already.