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Title: BitBay, this will be its year, huge returns possible. Post by: preshpr1nce on February 07, 2018, 12:37:39 PM I've been looking at the market and my portfolio, looking at areas to double up while everything is cheap.
I've decided to focus more on BitBay and NEO, we've got plenty of information floating around for NEO so I thought I would make a BitBay thread. It's been flying under the radar, good stable growth etc, they now have a product for their DEX marketplace and the roadmap for the year brings their product to near completion, the rolling peg will be the main feature and innovation to come out this year, a concept I'm sure many will follow once BitBay demonstrate a working example. The rolling peg will help stabilise price while still encouraging growth, I predict prior to the roll out we'll see a huge pump, activity prior to the correction was very uppish and the few traders I know with more knowledge and experience than myself are holding this. Current market cap is only $69 million, this coin has potential to hit a billion cap in my eyes by Q2 this year. They've constantly hit their roadmaps, this is what we have in store this year, the biggest year for BitBay by a mile https://bitbay.market/roadmap I usually don't predict prices, it's better to say nothing than be wrong, but I have very high confidence on this one. Would love to hear what others think. Cheers! Title: Re: BitBay, this will be its year, huge returns possible. Post by: Volant on February 07, 2018, 12:47:15 PM I second this. BAY is going to be a game changer!
Title: Re: BitBay, this will be its year, huge returns possible. Post by: elutzen on February 07, 2018, 05:49:53 PM I have heard a lot of good things about bitbay. Before investing I am going to open an account with them and see what they are all about.
Just to questions: Any tips for using their exchange? Who are bitbay's competitors? Thanks Title: Re: BitBay, this will be its year, huge returns possible. Post by: swissgang on February 07, 2018, 06:02:35 PM I think so, it is very low now but people are scared as most are new to here, it is their first crash and probably the hardest one :) This coin can be $1 after crash finished.
Title: Re: BitBay, this will be its year, huge returns possible. Post by: Trofo on February 07, 2018, 09:34:53 PM I've been looking at the market and my portfolio, looking at areas to double up while everything is cheap. I've decided to focus more on BitBay and NEO, we've got plenty of information floating around for NEO so I thought I would make a BitBay thread. It's been flying under the radar, good stable growth etc, they now have a product for their DEX marketplace and the roadmap for the year brings their product to near completion, the rolling peg will be the main feature and innovation to come out this year, a concept I'm sure many will follow once BitBay demonstrate a working example. The rolling peg will help stabilise price while still encouraging growth, I predict prior to the roll out we'll see a huge pump, activity prior to the correction was very uppish and the few traders I know with more knowledge and experience than myself are holding this. Current market cap is only $69 million, this coin has potential to hit a billion cap in my eyes by Q2 this year. They've constantly hit their roadmaps, this is what we have in store this year, the biggest year for BitBay by a mile https://bitbay.market/roadmap I usually don't predict prices, it's better to say nothing than be wrong, but I have very high confidence on this one. Would love to hear what others think. Cheers! I have a very small position in Bitbay and so far wasn't too happy with the price movement. Not considering this last bloodbath when everything went down. I thought to get out of it, but now your post got me reconsidering. Will have to do some serious research about the project before deciding. Since my first position is really small I didn't do the whole research process first time around. Title: Re: BitBay, this will be its year, huge returns possible. Post by: Tanhdoit on February 07, 2018, 10:17:41 PM I honestly don't see BitBay being that big that. I think it is a clone or a copy cat of Syscoin. Sysoin has been in the game way longer and they have a IPO which is being publicly traded in Canada. You should check out Syscoin and tell me your thoughts.
Title: Re: BitBay, this will be its year, huge returns possible. Post by: elutzen on February 08, 2018, 12:32:57 AM I honestly don't see BitBay being that big that. I think it is a clone or a copy cat of Syscoin. Sysoin has been in the game way longer and they have a IPO which is being publicly traded in Canada. You should check out Syscoin and tell me your thoughts. I agree that bitbay has similar goals to syscoin. However, what is wrong with a little competition? There can definitely be more than one cryptocurrency bartering platform. Title: Re: BitBay, this will be its year, huge returns possible. Post by: preshpr1nce on February 08, 2018, 09:53:02 AM Thanks for the views and questions, happy to talk about alternative marketcap coins like sys, I've done my research and chosen BitBay.
To compare, here is an image, still to me the rolling/dynamic peg is the absolute standout difference, a DEX marketplace with a rolling peg takes the clear lead, but even if we look at other aspects, BitBay has sys beat, here's an image from last year that some one on the forum posted, credit to game_changer https://ip.bitcointalk.org/?u=http%3A%2F%2Fi66.tinypic.com%2Fj7vq1e.png&t=585&c=5nUkl34jYcdslw Also let's look at the market caps to try understand growth potential: Syscoin: $285 million BitBay: $69 million When you compare the difference, BitBay offers a lot more and is 4x less the cap of syscoin, BitBay is definitely undervalued in this sense. Could you imagine selling something on a marketplace then see a 20% drop in price due to how volatile crypo is? Well the idea of the rolling peg is to prevent such dips. BitBay is also very fast and has no fees, with the rolling peg in place it'll be the best coin for over the counter purchases in my eyes. |
