Topic: BitBay |Decentralized Marketplace|Smart Contracts|IoT Tech|Markets Open - page 97. (Read 339472 times)

not me bud, but i have my theories though

 


what it is  bitbay smart contract....

David has mentioned that he would work on pegging sooner than later. That would automatically fix all this volatility issue. There is no Buy wall so price decline shouldn't be surprising at all. Anyone with small amount of BTC can float the boat any way he wants.

I would like to see what happens after 6 months of marketplace and pegging. Whatever happens before that doesn't concern me. My bay is stored in thumb drive 20 miles from here.  

Total volume for the day seems to be just over 100BTC... so that's sells and buys... sadly with this little buy support even someone with just a few million BAY panicking can drop the price 20-30 sats in one shot.

The 'huge' dump on Bittrex was ~18M coins volume and dropped the price from 90 to 69 for ~16BTC.  So that actual dump amount was half that because the buys are included in the period volume as well.  If you have 1B coins, but the inability for the market to absorb even 1% being dumped at once without significantly wiping out the buy side... there's not going to be any sanity in the price for a long while.

The bottom has definitely not been hit I think, but we could be close.  Impossible to say in an unregulated market filled with investors who literally see failure in any coin that doesn't triple it's value in the first week or two.

Reminds me on SMBR. We have to shake out the noobs before it can go to the moon.

No moon without down. Sell all your coins, now!  

Top addresses Holdings Percentage

top 10 63%
top 1000 5.1%
top 100 31.2%

= 954429168 bay sold + remaining  smaller wallets 45570832 bay

=10000000000 sold

https://chainz.cryptoid.info/bay/#!rich

LOL.  Some hilarious tilting at windmills in here.  

There's plenty to question, and a definite lack of transparency in many areas... but this kind of crap only works for those completely ignorant about crypto... which isn't fact... it is FUD by definition.  The 90M in question that you cite as "proof" of something, was moved to a secondary wallet (which is now the second on the rich list) and hasn't moved.  It occurred in a single transaction - therefore unless it was bought off-market, directly from the exchange itself, that's BTER moving funds (or a very large whale moving coins into their own wallet possibly).

If it were an off-market sale - it wouldn't affect the price whether they were all sold at 1 sat or 1000.

There's plenty of conspiracy theories that make way more sense than this garbage - some that I even give some credibility to.  There's no doubt that there's lots of coins being dumped, and lots of fear and anger prompting even further dumping.  It's possible there is even insider action - but since I can't prove that, and thus far neither can anyone else - I'll leave that to the foil-hat types.

What we can say definitively is that the price action is decidedly downward at this point so unless you're prepared to weather losses in the short-term, it's still undetermined whether this is "a great price to get in" or "not a total loss to get out" - obviously many are thinking the latter or the price would be more stabilized.

However, the vast majority of the coins are not moving (though the coins on the exchange may have changed hands repeatedly - internally).  Most of this price action is on a tiny amount of sales... it's just that there's an even tinier amount of buys - but considering the decline in price, that's hardly surprising.  

I can only assume this must be the case as well.

It's someone with nothing to loose. w.t.f. is going on here ?

Dev , Who is dumping ?

How's it looking on your side?

something came up I had to leave.

RiverboatBTC is a known fudder. Don't tell me you believe his conspiracy theory about Bob. lol

It's usually few people who keep coming back even after their posts get deleted and it makes it hard to look for real info. They go from "Fck u..Bay is crap" to "I have real concern". It's laughable.

its not 70 sat. if its 70 sat. then i am buying 3.5m coins at 71 sat wanna sell?

my god, it's only 70 sat now, what do you want to say?
@DEV

Are these Fudders really on here 24/7 waiting for Mod to go to sleep so they can start posting their crap?

Really pathetic life. No offence but if you put this much energy in something useful you wouldn't be so negative about life in general.

Cheers.

That's fine man. No worries at all. I just don't care. I bought in cheap. I was just gonna gamble away the btc anyway lol. And it doesn't look like anyone else is around to care. I'm more interested in the tech for my own purposes than anything.

Great story man. You should become a novelist! I don't care what the price is. Now if the wallet with working contracts doesn't get released then that's another story, but to me it looks like prices get manipulated like crazy on bter by pump/dumpers.

Why are you trying to convince so hard? I don't care who bob is. I hope he sells every last share if that's what he's doing and then people with some balls own the damn shares.

They still only get the payments when they complete the milestones. They need to get the contract working in the wallet to get #2 milestone and they need to get the market working to get #3 working right?

Yep, treat it as a buying opportunity. If you want to get in, remember think long-term. Tuck those shares away and check on things in a year. That might be the best bet if you tend to stress about things. If it goes down to 1 satoshi, I will buy up all billion and just give them away in a instagram lottery or something lol. I can't even do that the math on the mac calculator. Not enough zeros lol.

Hey mac client does stake! Just got 19 bay in my first stake payment..

Huh? This is what "bob" said about that in Nov:


Quote from: Bobsurplus on November 17, 2014, 01:27:28 AM
"I been watching this thread since page 10, was tempted to buy in at the ICO but sadly I was not around for those days. Now I'm back and I believe there's no better time to buy some then today... As soon as I get back to my room ima be buying a few bitbay to add to my cryptocoin collection.

I think this coin has a bright future but who knows how long till everyone realizes how life-changing this coin, marketplace and smart contracts really are.

Good luck bay team and god speed.


PSA... This is not a group play of mine. This is a personal investment im making. Please dont ask me "when are you gonna pump bay" or "how long till bay hits x amount" because that kinda shit pisses me off.

Later."