BitBay |Decentralized Marketplace|Smart Contracts|IoT Tech|Markets Open - page 212.

weret

member

Activity: 61

Merit: 10

Quote from: godzirra on November 15, 2014, 11:11:33 PM

Quote from: weret on November 15, 2014, 11:00:38 PM

1. How much would it take for BAY to get to 1$ value? Just multiply the current marketcap by enough?
2. Why do some coins start at much higher BTC value such as 0.00001BTC for example?
Noobish questions..

Well the marketcap would have to rise to $1 billion for the coin price to be $1. And it would be 2nd to bitcoin. That's going to take a little bit of time. Lol.
The reason some coins start at a higher price has to do with a lot of variables. This coin has a billion coins in total so the price should be relatively low compared to other coins with a small supply. But the amount of capital raised and the development team are going to affect that price as well. The amount of marketing done beforehand can really pump up the perceived value, look at Ethereum.

Thanks

RJF

hero member

Activity: 616

Merit: 500

Online since '89...

Quote from: BitBay Team on November 15, 2014, 10:28:45 PM

Quote from: weret on November 15, 2014, 10:24:04 PM

The vast majority of the sells and buys are so small, whats up with that?

It's probably the guys yelling fud using small amounts to manipulate the price to give credence to their fud claims. Anyone who seriously bought at an ICO mere hours ago would have to be out of their minds to sell for a 3rd less. To purposely loose money? Not likely. It's clear attempts to destabilize the price. Don't fall for it.

I agree, seen this many times with and without an ICO. Just an underhanded tactic to make money. Shame...

godzirra

full member

Activity: 219

Merit: 100

Quote from: weret on November 15, 2014, 11:00:38 PM

1. How much would it take for BAY to get to 1$ value? Just multiply the current marketcap by enough?
2. Why do some coins start at much higher BTC value such as 0.00001BTC for example?
Noobish questions..

Well the marketcap would have to rise to $1 billion for the coin price to be $1. And it would be 2nd to bitcoin. That's going to take a little bit of time. Lol.
The reason some coins start at a higher price has to do with a lot of variables. This coin has a billion coins in total so the price should be relatively low compared to other coins with a small supply. But the amount of capital raised and the development team are going to affect that price as well. The amount of marketing done beforehand can really pump up the perceived value, look at Ethereum.

unusualfacts30

hero member

Activity: 1540

Merit: 500

Wow. Amazing looking wallet and very well organized.

Mig-23

legendary

Activity: 1176

Merit: 1000

For anyone,..just use your brain
you will only lost your money if you believe the FUDDER
I SAW THEY REALLY REALLY ANGRY WITH BITBAY

BitcoinBaBa

full member

Activity: 225

Merit: 100

Quote from: BitBay Team on November 15, 2014, 06:23:26 PM

...
Prior to that, there will be a Smart Contracts wallet release VERY SOON. We are nailing down the final details, GUI, and coin testing just after initial distribution.

Nice. Can't wait to fiddle around with some of the smart contract features.

godzirra

full member

Activity: 219

Merit: 100

Quote from: TheDirtybird on November 15, 2014, 10:54:25 PM

I know this might seem uneducated question.. but i don't see anything about when a person can mine this.. or if they can.. or if there is any pools.. or if you can mine with wallet etc.. anyone enlighten me.. and be nice cause im not gonna read thru 60 pages of fud to find out..

It's a POS coin. You don't mine it, you stake it in your wallet, ie Blackcoin

weret

member

Activity: 61

Merit: 10

1. How much would it take for BAY to get to 1$ value? Just multiply the current marketcap by enough?
2. Why do some coins start at much higher BTC value such as 0.00001BTC for example?
Noobish questions..

godzirra

full member

Activity: 219

Merit: 100

Quote from: nextgencoin on November 15, 2014, 10:51:53 PM

Quote from: godzirra on November 15, 2014, 10:48:30 PM

One last thing...
If a coin has $1 million in startup funding, with a lot of the tech already working, how much should that coin be worth?

Do the math. It's not rocket science.

My simple thinking is this is definitely a top 10 coin. Even the cheapest top 10 coin is around 10 x what the marketcap is now. We are going up for sure if the dev works out, which is seems to.

Well the ICO price of 250 - 300sat should be considered cheap for a project with 3000btc in the bank account. As I see it as long as there's no scam, everyone in at the ICO is going to do well. How many coins have $1 million to work with? Very few. And if they do you will be paying a premium for that coin.

If the ICO flopped then I would think there would be some reason for concern. But at this point I just don't see it.

TheDirtybird

full member

Activity: 206

Merit: 100

http://canadianbit.com/ - Let's Mine Canadian!

I know this might seem uneducated question.. but i don't see anything about when a person can mine this.. or if they can.. or if there is any pools.. or if you can mine with wallet etc.. anyone enlighten me.. and be nice cause im not gonna read thru 60 pages of fud to find out..

godzirra

full member

Activity: 219

Merit: 100

Quote from: weret on November 15, 2014, 10:50:43 PM

BTer shows a high of 0.000005 but I don't see it. Am I just too tired to notice it? Huh

It was one of the first buys.

unusualfacts30

hero member

Activity: 1540

Merit: 500

Somebody who bought 80 BTC worth is selling to bring the price lower so he can buy more at cheaper price and then pump it. It's more profitable that way. If you are interested in the coin and the project why worry about short term goal?

If you sell lower than ICO price that whale will buy it and then you're going to complain about how you lost money when it's really your fault. Don't sell before this project is completed.

nextgencoin

legendary

Activity: 1106

Merit: 1000

Quote from: godzirra on November 15, 2014, 10:48:30 PM

One last thing...
If a coin has $1 million in startup funding, with a lot of the tech already working, how much should that coin be worth?

Do the math. It's not rocket science.

My simple thinking is this is definitely a top 10 coin. Even the cheapest top 10 coin is around 10 x what the marketcap is now. We are going up for sure if the dev works out, which is seems to.

weret

member

Activity: 61

Merit: 10

BTer shows a high of 0.000005 but I don't see it. Am I just too tired to notice it? Huh

godzirra

full member

Activity: 219

Merit: 100

One last thing...
If a coin has $1 million in startup funding, with a lot of the tech already working, how much should that coin be worth?

Do the math. It's not rocket science.

nextgencoin

legendary

Activity: 1106

Merit: 1000

Quote from: bit4x on November 15, 2014, 10:46:15 PM

I'm buying up all these bullshit lowball sells, whomever you are, thanks, d-bag(s).

The one smart man in the room. I wish I had some BTC to do the same.

yeXIABC

sr. member

Activity: 266

Merit: 250

Just Chinese control toys

Mig-23

legendary

Activity: 1176

Merit: 1000

for first time i fill sell order at 1000 sat
its up to you guys,..you wanna buy or not... Grin

i don't care,..really really don't care...
1000 sat...oke,....hahaha

bit4x

newbie

Activity: 11

Merit: 0

I'm buying up all these bullshit lowball sells, whomever you are, thanks, d-bag(s).

nextgencoin

legendary

Activity: 1106

Merit: 1000

The real fools are the ones holding BTC that aren't buying these cheap coins up now. There is a weird psychology than people think if something is cheap its not valuable. But when it rises it is worth buying. Herding mentality in action. For trading its a terrible strategy cause you miss the bargains.

People were rushing to buy at 300 sats yesterday now they are all scared to buy at 200. Roll Eyes

Did anything change in the fundamentals of the coin?

Topic: BitBay |Decentralized Marketplace|Smart Contracts|IoT Tech|Markets Open - page 212. (Read 339486 times)