BitBay OFFICIAL BITBAY Thread Smart Contracts Decentralized Markets Rolling Peg - page 171.

Munti

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Quote from: Red_Sanford on April 22, 2017, 06:15:07 AM

Could someone explain to me the reason behind the rise of this since the beginning of the year ? I have just recently found out about bitbay and it sounds very promising. I am familiar with the concepts just not the releases and updates. Want to invest but don't want to jump in at the wrong time

Because you are not the only one that has recently heard about Bay

Focus has been and is on development, but we have started marketing a little the last 3-4 months. More to come...

cryptohunter

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MY RED TRUST LEFT BY SCUMBAGS - READ MY SIG

polo will be great for bay and get us more coverage and a wider market. However, it is not make or break for a project like bitbay. There is too much on offer here when completed. People will need to go where ever they can to get/use bay whether it be polo trex coinbase or their local store, the app store whatever. Bay when completed it is larger than the crypto sphere we have now.. it will be of use to every person on the planet that wants to trade or barter just about anything you can think of. There is probably more uses for a completed bitbay marketplace with build your own script addons than we can probably imagine at this stage.

However, yes polo will be another good thing for bay for sure.

R-J-F

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AKA RJF - Member since '13

Quote from: Red_Sanford on April 22, 2017, 06:15:07 AM

Could someone explain to me the reason behind the rise of this since the beginning of the year ? I have just recently found out about bitbay and it sounds very promising. I am familiar with the concepts just not the releases and updates. Want to invest but don't want to jump in at the wrong time

If you are familiar with the concepts then we only need to talk about timing. As you can see, BAY is steadily gaining value and market share. Indicators are that this will continue to increase as more people discover BAY. Also, the coming updates will add more value to staking profits and, introduce, later this year, the rolling "Peg" as I'm sure you have read about.

I would say, without reservation, that the time to get in is NOW unless you want to pay a higher price as time goes on. This project is real, no fantasy promises or "pie in the sky" dreams, BAY is real and will deliver even more in the future.

We have a great community, many of us have been here since the beginning, a committed Dev with proven technical/coding credentials (Bithalo, Smart Contracts) so, I wouldn't wait too long but, that is up to you now isn't it?

4emily

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Quote from: The Crypto Baron on April 21, 2017, 02:56:41 PM

I have a sneaking suspicion that BAY will be added to Polo with PIVX and ARK after the scheduled delisting.

So I'm HODLing Grin

my thoughts exactly, at least as regards BAY re which I removed a sell order...just in time!

Red_Sanford

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Could someone explain to me the reason behind the rise of this since the beginning of the year ? I have just recently found out about bitbay and it sounds very promising. I am familiar with the concepts just not the releases and updates. Want to invest but don't want to jump in at the wrong time

dzimbeck

legendary

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Quote from: Zontop on April 22, 2017, 04:18:34 AM

I saw discussion about this concept of locked fund for certain time and reading more to understand well that how it actually works and everything related to this. The way Bitbay is progressing it is impressive and today we are experiencing nice appreciation in market as well. I am reading all your posts about others projects as well. You are doing great work.

Actually... in the next update within a month or so, you will be able to "park/freeze" your funds. So you can already simulate the experience of seeing it in the user interface. But that feature will only be used to slow down frozen funds and the actual rolling peg client is a lot more complex.
But this will give the users time to experiment with these new types of payments.

Zontop

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I saw discussion about this concept of locked fund for certain time and reading more to understand well that how it actually works and everything related to this. The way Bitbay is progressing it is impressive and today we are experiencing nice appreciation in market as well. I am reading all your posts about others projects as well. You are doing great work.

dzimbeck

legendary

Activity: 2412

Merit: 1044

Realize that parts of the supply get frozen to enforce that peg... which means a portion of your funds may be worth $1 and the rest are frozen and can traded in a 1 month time lock at a discount.

So yes we can force a dollar this way and make it completely FAIR to all users. By controlling supply using votes and freezing... we already have the voting as proved by the recent vote to increase the stake %

Because the peg can roll price can be forced to be equal to above or below volume essentially forcing any price in a totally decentralized way.

So yeah... there is a reason I don't sell my coins. And a lot of the core investors who have been here for years feel the same. It should be done within this year hopefully and there will be lots of cool updates along the way.

cryptohunter

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Quote from: target on April 21, 2017, 09:36:47 PM

How much do you think is bitbay's value once it gets the attention of new investors apart from the you guys?
I haven't bought more yet but would like to know more of the potential. Its marketcap is getting huge but I don't see any updates of the development.

There is a lot of development going on. I would join slack to get the full knowledge of that.

David is a workaholic so he is always improving and testing testing testing bitbay. I know the features list of bay is quite astounding but that is nothing still to what is coming. He seems to be able to design and code out pretty much anything.

Munti

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Quote from: a29654 on April 22, 2017, 01:35:33 AM

Quote from: XxOtakuXx on April 22, 2017, 01:09:44 AM

Quote from: DutchCoiner on April 22, 2017, 12:58:52 AM

Quote from: a29654 on April 22, 2017, 12:46:33 AM

I was reading on the main website that bitbay will be pegged to $1 us dollar.

Can anyone confirm?

If this is true why would anyone sell off their coins at this price?

You mean 1 BIT = 1 USD? Shocked

Yep! it is true.

Yeah, I read that on their main site.

Do not understand why anyone would sell now

BitBay will have a rolling peg -not a fixed one. So think of it as a stabilizer because that is what it will be. It is very possible that it could be $1 at some point, but it can also be higher or lower.
Do a search on pegging in this thread, and you will find a lot of posts discussing our peg.

cryptohunter

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Quote from: a29654 on April 22, 2017, 01:35:33 AM

Quote from: XxOtakuXx on April 22, 2017, 01:09:44 AM

Quote from: DutchCoiner on April 22, 2017, 12:58:52 AM

Quote from: a29654 on April 22, 2017, 12:46:33 AM

I was reading on the main website that bitbay will be pegged to $1 us dollar.

Can anyone confirm?

If this is true why would anyone sell off their coins at this price?

You mean 1 BIT = 1 USD? Shocked

Yep! it is true.

Yeah, I read that on their main site.

Do not understand why anyone would sell now

It will take time for it to be pegged at 1 dollar since the pegging is not finished yet. I think near the end of the year david said.

I think people are selling just to take profit and get in lower again. This is risky though because the moves are getting bigger and faster now so more risk of having to buy back at a big loss to stay on this train.

a29654

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Quote from: XxOtakuXx on April 22, 2017, 01:09:44 AM

Quote from: DutchCoiner on April 22, 2017, 12:58:52 AM

Quote from: a29654 on April 22, 2017, 12:46:33 AM

I was reading on the main website that bitbay will be pegged to $1 us dollar.

Can anyone confirm?

If this is true why would anyone sell off their coins at this price?

You mean 1 BIT = 1 USD? Shocked

Yep! it is true.

Yeah, I read that on their main site.

Do not understand why anyone would sell now

XxOtakuXx

jr. member

Activity: 44

Merit: 1

Quote from: DutchCoiner on April 22, 2017, 12:58:52 AM

Quote from: a29654 on April 22, 2017, 12:46:33 AM

I was reading on the main website that bitbay will be pegged to $1 us dollar.

Can anyone confirm?

If this is true why would anyone sell off their coins at this price?

You mean 1 BIT = 1 USD? Shocked

Yep! it is true.

DutchCoiner

full member

Activity: 291

Merit: 100

Enterprise Blockchain Solutions

Quote from: a29654 on April 22, 2017, 12:46:33 AM

I was reading on the main website that bitbay will be pegged to $1 us dollar.

Can anyone confirm?

If this is true why would anyone sell off their coins at this price?

You mean 1 BIT = 1 USD? Shocked

a29654

hero member

Activity: 546

Merit: 500

I was reading on the main website that bitbay will be pegged to $1 us dollar.

Can anyone confirm?

If this is true why would anyone sell off their coins at this price?

Bee Cho Chen

full member

Activity: 240

Merit: 100

Quote from: R-J-F on April 21, 2017, 09:34:42 PM

So, BAY is poised to turn $0.01 USD on CMC, quite the occasion really. Hats off to David and the true believers!

Indeed! We have officially surpassed $0.01. Great job, David! Keep it up! Congrats to everybody else also! This is the beginning of an amazing journey. So proud to be a part of it

BAY has just eclipsed 1000 sats Wink

EDIT: Right after I posted that we went over 1225 sats

target

legendary

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How much do you think is bitbay's value once it gets the attention of new investors apart from the you guys?
I haven't bought more yet but would like to know more of the potential. Its marketcap is getting huge but I don't see any updates of the development.

R-J-F

sr. member

Activity: 1078

Merit: 310

AKA RJF - Member since '13

So, BAY is poised to turn $0.01 USD on CMC, quite the occasion really. Hats off to David and the true believers!

cryptohunter

legendary

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MY RED TRUST LEFT BY SCUMBAGS - READ MY SIG

can we breach 10M this upswing?

Quote from: Bee Cho Chen on April 21, 2017, 03:58:03 PM

For those who have not submitted a request to get BAY on Poloniex

https://poloniex.com/coinRequest

I also like the idea of getting BAY on Cryptopia like CryptoHunter mentioned. However, we would have to pay to get on there.

It would take 2 million Dotcoins which is approximately $1,735. Or could opt for the combo deal of 2.8 million Dotcoins which would get Bay on the exchange, 1 month reward slot, 2 month tipping slot, and 1 month of being a featured currency

Since AFAIK, we would not have to pay anything to get on Poloniex, and that is the better exchange, we should focus on getting on there for now. I do like Cryptopia, though

Cryptopia is good but they should be asking coins like bay to be on there. The volume they could be getting from these up and coming giants are how yobit took off. I think david speaks to them and they should jump at the chance if i were them

Just arbing between bittrex and them will make them more than not having it there.

this paying to get listed should be for new junk that pose risks to their security and will probably die in a month or two.

funsponge

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Bitbays analysis from the top crypto trader & analysis

"Bitbays technical analysis and why I'm buying"

https://youtu.be/tCl6PNvVajo

Topic: BitBay OFFICIAL BITBAY Thread Smart Contracts Decentralized Markets Rolling Peg - page 171. (Read 542140 times)