Obvious scam-ICOs easily reach billions of dollars worth in market cap, 70% or more premine is no problem whatsoever for people to throw hundreds of millions of dollars into basically
any Token with a flashy website with loads of promises. All marketing is targeted at getting people to throw money in it after they create a huge hype.
Byteball doesn't do that. It doesn't make promises. It doesn't ask for money. It just delivers a complete, unique and working system.
I can only conclude one thing: there is absolutely no logic behind altcoin trading! People have no idea what they're buying, but hey, 50% profit overnight, what can go wrong
I still have high hopes for Byteball long-term, but I no longer assume instanty price increases. That's not realistic in any real world scenario anyway, and Byteball aims to get as many actual users as possible. Not just daytraders who don't even install a wallet but have 50 different currencies on an exchange.