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Topic: [GBYTE] Byteball Speculation - page 26. (Read 41889 times)

newbie
Activity: 57
Merit: 0
sr. member
Activity: 358
Merit: 250
February 05, 2017, 11:58:02 AM
#64
Where can I find the trade thread for bytes and blackbytes?
legendary
Activity: 1386
Merit: 1000
January 29, 2017, 02:42:52 PM
#63
I've not followed the Byteball price for a while and I couldn't believe my eyes when I was seeing the price today. $50+ is incredible.
I am very sad I sold half of my stake at $11  Undecided Still have the other half and very happy about it. I hope the new distribution mid of Feb will not let crash the price.
You must realize of a lot of the stock of byte has held by the big companies such as ICONOMI and other. And it will get sleep in their cold storage, and it's mean the distribution are very less. And it will increase soon.

Yes this is one reason, but i knew a lot of people who are holding their GBYTE also, this make the coin circulation very limited.

I think that this project can be so big like etheurum.
This mean a 1 billion marketcap (when we reach this than 1 GBYTE would cost 10.000 Dollar),
because a lot of big companys are in this coin.
sr. member
Activity: 454
Merit: 250
January 29, 2017, 08:51:56 AM
#62
I've not followed the Byteball price for a while and I couldn't believe my eyes when I was seeing the price today. $50+ is incredible.
I am very sad I sold half of my stake at $11  Undecided Still have the other half and very happy about it. I hope the new distribution mid of Feb will not let crash the price.
You must realize of a lot of the stock of byte has held by the big companies such as ICONOMI and other. And it will get sleep in their cold storage, and it's mean the distribution are very less. And it will increase soon.
In the end they will have a large slice, but the new transition rates favor more byte holders than btc holders. This means that if you buy a few gigabytes in the market, you can receive good stakes in the next distributions. And if investors decided to make large gigabyte investments to participate in the distribution, they would certainly receive more bytes than the so-called ico companies.
hero member
Activity: 2898
Merit: 529
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January 29, 2017, 05:17:11 AM
#61
I've not followed the Byteball price for a while and I couldn't believe my eyes when I was seeing the price today. $50+ is incredible.
I am very sad I sold half of my stake at $11  Undecided Still have the other half and very happy about it. I hope the new distribution mid of Feb will not let crash the price.
You must realize of a lot of the stock of byte has held by the big companies such as ICONOMI and other. And it will get sleep in their cold storage, and it's mean the distribution are very less. And it will increase soon.
hero member
Activity: 518
Merit: 500
January 29, 2017, 04:04:48 AM
#60
I admired this coin's dev. Very nice system. I wish I received the translation award as Gbyte. Grin Grin
sr. member
Activity: 358
Merit: 250
January 28, 2017, 05:45:34 PM
#59
I've not followed the Byteball price for a while and I couldn't believe my eyes when I was seeing the price today. $50+ is incredible.
I am very sad I sold half of my stake at $11  Undecided Still have the other half and very happy about it. I hope the new distribution mid of Feb will not let crash the price.

But it is precisely affect the price may slightly.
sr. member
Activity: 473
Merit: 251
January 28, 2017, 04:18:33 PM
#58
I've not followed the Byteball price for a while and I couldn't believe my eyes when I was seeing the price today. $50+ is incredible.
I am very sad I sold half of my stake at $11  Undecided Still have the other half and very happy about it. I hope the new distribution mid of Feb will not let crash the price.
hero member
Activity: 1344
Merit: 656
January 27, 2017, 09:19:21 AM
#57
Clear as mud, kai!

But seriously, I think I've figured the market cap estimation problem (or question, as it's not a problematic issue I think). Also, I may have misunderstood the 10 per cent gain on bytes - which I now understand only to be only awarded during distribution. I'd mistakenly thought it possible to repeatedly gain this "bonus" simply by bloating output size of transactions.

As clear as distilled water then Smiley given the fact that now you seem to understand everything clearly Smiley. I also share your point about estimating the market cap not being problematic, let's just enjoy the show for the time being Smiley.
legendary
Activity: 2912
Merit: 3603
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January 24, 2017, 02:03:12 PM
#56
Okay I see what you mean. Actually the price will never be 100% correct Smiley because bytes you own will always get you more bytes throughout the distribution so we might never be able to calculated a projected market cap. Since it's a projected market cap it will never be accurate, still it gives a fair idea about what the market cap could be at that moment.

Jumping in on this question only because I want clarity on this. Are we saying that the price will never be correct or are we just saying that the amount of bytes we have will never be correct? If the former is true, then how does it trade on exchange? If the latter is true, then how does a wallet balance look? Is it then possible for someone to continuously inflate his bytes simply by distributing and redistributing to make it a bloated output size?

One way of looking at this is to factor the fact that each GB will bring 0.1 GB in the next distribution, so for instance if you buy/have 1 GB now, in the second round you'll have 1.1 GB, in the third 1.21 GB and so on (if 10% are always awarded to GB holders), so people can consider they are not paying for 1 GB but actually for more. Having said that, as bytes are gaining more exposure and as holders may have an advantage, buying pressure may increase and with it the price ... So given the fact that this is all unknown, it's not easy to get an estimation of what the market cap would be once all the bytes are distributed. Does this clear things up?

Clear as mud, kai!

But seriously, I think I've figured the market cap estimation problem (or question, as it's not a problematic issue I think). Also, I may have misunderstood the 10 per cent gain on bytes - which I now understand only to be only awarded during distribution. I'd mistakenly thought it possible to repeatedly gain this "bonus" simply by bloating output size of transactions.



hero member
Activity: 1344
Merit: 656
January 23, 2017, 11:11:44 AM
#55
Okay I see what you mean. Actually the price will never be 100% correct Smiley because bytes you own will always get you more bytes throughout the distribution so we might never be able to calculated a projected market cap. Since it's a projected market cap it will never be accurate, still it gives a fair idea about what the market cap could be at that moment.

Jumping in on this question only because I want clarity on this. Are we saying that the price will never be correct or are we just saying that the amount of bytes we have will never be correct? If the former is true, then how does it trade on exchange? If the latter is true, then how does a wallet balance look? Is it then possible for someone to continuously inflate his bytes simply by distributing and redistributing to make it a bloated output size?

One way of looking at this is to factor the fact that each GB will bring 0.1 GB in the next distribution, so for instance if you buy/have 1 GB now, in the second round you'll have 1.1 GB, in the third 1.21 GB and so on (if 10% are always awarded to GB holders), so people can consider they are not paying for 1 GB but actually for more. Having said that, as bytes are gaining more exposure and as holders may have an advantage, buying pressure may increase and with it the price ... So given the fact that this is all unknown, it's not easy to get an estimation of what the market cap would be once all the bytes are distributed. Does this clear things up?
legendary
Activity: 2912
Merit: 3603
Join the world-leading crypto sportsbook NOW!
January 23, 2017, 10:44:01 AM
#54
Price reached a new alltime high at 0.04 BTC or around $35. Projected on the maximal total amount of Byteball the current market cap is at $35 million what will boost Byteball in the top ten coins.

This is not 100% correct since the byteballs you buy now get shares of future distribution so they are worth more than 1/1000000

I don't quite understand that point. I mean the total supply of bytes (once everything's distributed) is one million GB, so whatever the price of GB at the moment is, you can multiply it by one million to get a projected market cap as tyz said.

Yeah but the GB price at the moment is not 100% correct. Since 1 GB now equals for example 1,1GB after the second snapshot. This is the reason why people pay a "premium".

Okay I see what you mean. Actually the price will never be 100% correct Smiley because bytes you own will always get you more bytes throughout the distribution so we might never be able to calculated a projected market cap. Since it's a projected market cap it will never be accurate, still it gives a fair idea about what the market cap could be at that moment.

Jumping in on this question only because I want clarity on this. Are we saying that the price will never be correct or are we just saying that the amount of bytes we have will never be correct? If the former is true, then how does it trade on exchange? If the latter is true, then how does a wallet balance look? Is it then possible for someone to continuously inflate his bytes simply by distributing and redistributing to make it a bloated output size?

I'm sure all that's been figured out. Btw I think it's a great concept and would have joined in had I any form of proper capital. I was in the sig campaign though!
sr. member
Activity: 431
Merit: 251
January 23, 2017, 10:22:53 AM
#53
Price reached a new alltime high at 0.04 BTC or around $35. Projected on the maximal total amount of Byteball the current market cap is at $35 million what will boost Byteball in the top ten coins.

This is not 100% correct since the byteballs you buy now get shares of future distribution so they are worth more than 1/1000000

I don't quite understand that point. I mean the total supply of bytes (once everything's distributed) is one million GB, so whatever the price of GB at the moment is, you can multiply it by one million to get a projected market cap as tyz said.

Yeah but the GB price at the moment is not 100% correct. Since 1 GB now equals for example 1,1GB after the second snapshot. This is the reason why people pay a "premium".

Okay I see what you mean. Actually the price will never be 100% correct Smiley because bytes you own will always get you more bytes throughout the distribution so we might never be able to calculated a projected market cap. Since it's a projected market cap it will never be accurate, still it gives a fair idea about what the market cap could be at that moment.

Sure.

But i think price is that high because they changed the distribution model :

Now the distribution will take place much slower.
So basically it would be like you say Zcash has 1 billion market capitalisation, because this will be price*total supply.

And so far it looks like Byteball holders get 10% of next snapshot, which will probably be something like this in future rounds as well. So at least you could say 1 Byte, which you buy now equals 1,5 Byte , when the total supply is reached.


So therefore i think the price you pay right now for 1 GB equals more like 1,5GB.
So my TOTAL market cap estimation is about 26 million $.

Which is still kinda low when you really count the total coin supply of a coin:

Dash for example has just roughly about 1/3 which would be worth   300 million $ then
Zcash 1/40 , which would be worth almost 1 billion ( which i said already).
Maidsafe ( dunno how many coins will even exist there, but i think it is something like 10% on market yet ) so i think maidsafe is about 500million$.

And so on.
hero member
Activity: 1344
Merit: 656
January 23, 2017, 05:23:02 AM
#52
Price reached a new alltime high at 0.04 BTC or around $35. Projected on the maximal total amount of Byteball the current market cap is at $35 million what will boost Byteball in the top ten coins.

This is not 100% correct since the byteballs you buy now get shares of future distribution so they are worth more than 1/1000000

I don't quite understand that point. I mean the total supply of bytes (once everything's distributed) is one million GB, so whatever the price of GB at the moment is, you can multiply it by one million to get a projected market cap as tyz said.

Yeah but the GB price at the moment is not 100% correct. Since 1 GB now equals for example 1,1GB after the second snapshot. This is the reason why people pay a "premium".

Okay I see what you mean. Actually the price will never be 100% correct Smiley because bytes you own will always get you more bytes throughout the distribution so we might never be able to calculated a projected market cap. Since it's a projected market cap it will never be accurate, still it gives a fair idea about what the market cap could be at that moment.
sr. member
Activity: 462
Merit: 250
January 22, 2017, 08:10:29 PM
#51
Price reached a new alltime high at 0.04 BTC or around $35. Projected on the maximal total amount of Byteball the current market cap is at $35 million what will boost Byteball in the top ten coins.

This is not 100% correct since the byteballs you buy now get shares of future distribution so they are worth more than 1/1000000

I don't quite understand that point. I mean the total supply of bytes (once everything's distributed) is one million GB, so whatever the price of GB at the moment is, you can multiply it by one million to get a projected market cap as tyz said.

This project looks interesting since start,  and looks very solid and will surely reach the top very soon, its design  reminds me  IOTA, that has aroused much interest even though it is not on the market yet.
sr. member
Activity: 270
Merit: 250
January 22, 2017, 04:18:27 PM
#50
Price reached a new alltime high at 0.04 BTC or around $35. Projected on the maximal total amount of Byteball the current market cap is at $35 million what will boost Byteball in the top ten coins.

This is not 100% correct since the byteballs you buy now get shares of future distribution so they are worth more than 1/1000000

I don't quite understand that point. I mean the total supply of bytes (once everything's distributed) is one million GB, so whatever the price of GB at the moment is, you can multiply it by one million to get a projected market cap as tyz said.

Yeah but the GB price at the moment is not 100% correct. Since 1 GB now equals for example 1,1GB after the second snapshot. This is the reason why people pay a "premium".
hero member
Activity: 1344
Merit: 656
January 22, 2017, 03:53:35 PM
#49
Price reached a new alltime high at 0.04 BTC or around $35. Projected on the maximal total amount of Byteball the current market cap is at $35 million what will boost Byteball in the top ten coins.

This is not 100% correct since the byteballs you buy now get shares of future distribution so they are worth more than 1/1000000

I don't quite understand that point. I mean the total supply of bytes (once everything's distributed) is one million GB, so whatever the price of GB at the moment is, you can multiply it by one million to get a projected market cap as tyz said.
sr. member
Activity: 270
Merit: 250
January 22, 2017, 03:20:45 PM
#48
Price reached a new alltime high at 0.04 BTC or around $35. Projected on the maximal total amount of Byteball the current market cap is at $35 million what will boost Byteball in the top ten coins.

This is not 100% correct since the byteballs you buy now get shares of future distribution so they are worth more than 1/1000000
tyz
legendary
Activity: 3360
Merit: 1533
January 20, 2017, 03:47:17 PM
#47
Price reached a new alltime high at 0.04 BTC or around $35. Projected on the maximal total amount of Byteball the current market cap is at $35 million what will boost Byteball in the top ten coins.
tyz
legendary
Activity: 3360
Merit: 1533
January 14, 2017, 09:49:18 AM
#46
On the basis of experience this may be true. However, the Dev has delivered extremely good work to date and there was no ICO. He distributed all byte balls free of charge. The trading is only through the free distributed coins.

BYTEBALL GOOD.

HODL'N MY BALLS

Yes, it is necessary to keep bytes, they likely will be 1 million. Technology is not worse than the Waves, and it's all done by one person without special funding.

Never trust a coin with just 1 dev
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