Topic: The first alternative currency to hit $1 million? Bitbars (Read 1968 times)
Is there anything different with cryptogenic bullion? Or is this just another scam coin which is marketed as a commodity?
good grief...this still?
let it die
let it die
I cashed out of BTB and made some good $...
What it really needs I IMO is a reset and hard-fork with a competent dev to take it over. I can help with the marketing, as I really think it has legs, the problem with the early mining being that the majority of the coins are so centralized is a huge concern, as it the lack of deep support in the community, but with the right person at the helm, it could easily surpass BTC
I have an artist willing to do artwork for it, and a dev that will do an ios wallet, if we put a few more people together, it can easily become the currency to hold.
What it really needs I IMO is a reset and hard-fork with a competent dev to take it over. I can help with the marketing, as I really think it has legs, the problem with the early mining being that the majority of the coins are so centralized is a huge concern, as it the lack of deep support in the community, but with the right person at the helm, it could easily surpass BTC
I have an artist willing to do artwork for it, and a dev that will do an ios wallet, if we put a few more people together, it can easily become the currency to hold.
Bitbar is a rather unique altcoin that could do very well in the future!
How is it unique?
1. Intriguing name
2. Dynamic check-pointing
3. By far the most compact blockchain, which may be a major advantage in the future as other blockchains grow exponentially larger.
4. Not very many people can own their own Bitbar since they are so rare. Whether or not this is logical as an investment basis is irrelevant.
It has room for improvements but I think it will do very well in the altcoin boom.
I am putting small amounts into BTB as I have been doing, I can't believe that nobody else has figured out the main advantage to BTB vs all the other currencies, but eventually word will leak out... whoever puts some into it and rides the waves of inflation and deflation that are shortly to hit the currency, they will get rich, but of course so will the miners (maybe I said too much, I should stop here)
Who the fuck is paying $150 for bitbars? Jesus christ. This coin was the most obvious scamcoin of 2013!
My two main concerns, a $10,000 value on coin on bitbar would put off a lot of people, it only needs to grow 20x to get there.
Also, its not really that special, as one bitbar can be divided into infinitely many parts so really, its not that scarce. As opposed to a gold bar, which cannot be divided smaller than a small drop otherwise you wouldnt see it.
Also, its not really that special, as one bitbar can be divided into infinitely many parts so really, its not that scarce. As opposed to a gold bar, which cannot be divided smaller than a small drop otherwise you wouldnt see it.
Scarcity could be defined in many ways.
For instance, defining scarcity as the low relative value of the daily minting of new coins with respect to a coin's market cap.
Or did you think all these altcoins at $1 million and higher market caps, minting over 10 BTC+ in new coins daily (at least $3.65 million of new supply in a year), was sustainable given their vast economic ecosystems?
For instance, defining scarcity as the low relative value of the daily minting of new coins with respect to a coin's market cap.
Or did you think all these altcoins at $1 million and higher market caps, minting over 10 BTC+ in new coins daily (at least $3.65 million of new supply in a year), was sustainable given their vast economic ecosystems?
Bitbar is a rather unique altcoin that could do very well in the future!
How is it unique?
Bitbar is a rather unique altcoin that could do very well in the future!
One of the things people need to understand when dealing with cryptos is that the unit price cannot be used to make comparisons (not good ones anyway).
The price of a single coin is not just affected by the price people are willing to pay for a stake in a crypto, it's also affected by the total number of coins in the crypto (which is completely unrelated to value).
If you want to make reasonable comparisons look at the market cap of the entire crypto as given by coinmarketcap.com. Bitbar is doing average, it's up, but so is everything else in the last week, many cryptos by a much greater %.
The price of a single coin is not just affected by the price people are willing to pay for a stake in a crypto, it's also affected by the total number of coins in the crypto (which is completely unrelated to value).
If you want to make reasonable comparisons look at the market cap of the entire crypto as given by coinmarketcap.com. Bitbar is doing average, it's up, but so is everything else in the last week, many cryptos by a much greater %.
There's a saying in the investing community: "a rising tide lifts all ships." If that's the case -- all other factors being equal -- then the rarer coins will ultimately rise higher in value because they're not as diluted. I definitely don't think there's anything better about bitbars than litecoin, but on a percentage basis, I could see it rising higher percentage-wise over time.
I will say that I like other coins better, though...
I will say that I like other coins better, though...
OK, we all know bars are worth more than coins, and this is what gives BitBar its intrinsic value over bitcoin. But, I've got a new concept which will be far more valuable - BitSculptures. Each sculpture is a life-size replica of Rodin's "The Thinker" made of solid 24-carat digitally-rendered virtual gold. I shall release only 2000 of these. Based on my calculations, they are 10,500x more scarce than bitcoins, which should give BitStatue a current equilibrium price of roughly $11.1M based on today's bitcoin prices. Of course, the statues have more intrinsic value than a bar or coin because they also are a work of art, so I would actually expect the price to head far higher once supply/demand levels out.
I'm in, where do I sign up? But seriously, what value does Bitbar add to the market? BTC is already a hoarders paradise, I'd like to see a currency that people actually spend!
How about BitNuggets? Or BitDiamonds?
OK, we all know bars are worth more than coins, and this is what gives BitBar its intrinsic value over bitcoin. But, I've got a new concept which will be far more valuable - BitSculptures. Each sculpture is a life-size replica of Rodin's "The Thinker" made of solid 24-carat digitally-rendered virtual gold. I shall release only 2000 of these. Based on my calculations, they are 10,500x more scarce than bitcoins, which should give BitStatue a current equilibrium price of roughly $11.1M based on today's bitcoin prices. Of course, the statues have more intrinsic value than a bar or coin because they also are a work of art, so I would actually expect the price to head far higher once supply/demand levels out.
Reserved
I could easily make a coin hit 1 mil. The coin is called "SingleCoin." There will only ever be ONE coin, so the value of a coin is the whole market cap! This coin is SO SCARCE that NOBODY WILL EVER OWN ONE!! This means it's sure to gain value!
I got this crypto thing in the bag
I got this crypto thing in the bag
I knew I liked you
OP, forget these derpcoinz, please
I do believe that Litecoin is higher than BitBar. Wouldn't that mean that LTC would have a greater chance of success? (I'm not a LTC fanboy.)
I could easily make a coin hit 1 mil. The coin is called "SingleCoin." There will only ever be ONE coin, so the value of a coin is the whole market cap! This coin is SO SCARCE that NOBODY WILL EVER OWN ONE!! This means it's sure to gain value!
I got this crypto thing in the bag
I got this crypto thing in the bag
I believe there is already a coin like that - Onecoin.
I could easily make a coin hit 1 mil. The coin is called "SingleCoin." There will only ever be ONE coin, so the value of a coin is the whole market cap! This coin is SO SCARCE that NOBODY WILL EVER OWN ONE!! This means it's sure to gain value!
I got this crypto thing in the bag
I got this crypto thing in the bag
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