if you have a deep comprehension to bitbay ,you would not say these words.bitbay is aimed to build a world based on trust,the tool to fullfill the purpose is bitbay,people can achieve an agreement by signing a smart contract which could be removed after the achievement if fullfilled.
Don't mind him. He's an old BitBay investor that got impatient with price action years ago and sold. I don't blame him for his animosity. BitBay has definitely been a marathon - not a race to the finish.
It's taken almost 4 years for the dynamic peg to be released. Just weeks away now for final version of the BitBay core build of the Halo Client.
Now is the perfect time to accumulate while the whale club index bot manipulators are at their lowest BitBay reserves since they started hoarding the coin back in late Q1 of 2017.
With Bitcoin looking more and more like it's ready to reverse into a bull trend, so far it's looking like these same index bots are starting to buy up the altcoin industry with all the bitcoin they accumulated over the last 8 months selling altcoins. The cycle looks to be repeating.
This is the perfect timing for the peg to be released now that the index bot manipulators are nearly out of BitBay reserve. Either way, the peg will end their manipulation once and for all. But knowing they only have a couple million coins left before the peg release is a great feeling knowing they will have very little 'negative' influence on the price of Bay after the peg. So now they have very little potential for major resistance that could cause coins to freeze to elevated levels that we would not normally see with just real investors.
But they serve a purpose, they add volume and liquidity, and they only really suck when Bitcoin is in a bear market.
But unlike every other legacy altcoin in the current industry, we are the only ones that will put a stop to the volatile cycle that currently controls of price of over 75% of the legacy altcoin industry since beginning of 2017.
So if this cycle repeats as mentioned. This will make for a very lucrative position for us.
Because, if Bitcoin decides to bull for the next 4-6 months then these index bots could very well repeat 2017. And when bitcoin is ready to crash again, we will be the only altcoin in the entire industry that can remove the index bots' abilities to dump and destroy any new investor confidence in the coin. And when people see it in real time how the peg protects the price of BitBay, and therefore investors' equity, then they will dump their altcoins into BitBay as a hedge.
Sure the hard pegged fiat backed currencies will get a lot of the hedging volume too, but even then, BitBay's has the potential to provide a higher ROI than them because our price does not remain constant.