I seriously hope we can avoid going out of the top 200. Seem unthinkable we are not in the top 50 really even now.
This influx of total shit ICO;s has drained the market of btc
Shame such a large % of new investors are so clueless and getting financially drained by projects that long term are going nowhere.
The thing is whilst these ICO's can generate huge fake caps and keep leapfrogging bay and the new investors see large caps as a reason to invest then there is essentially no limit to the ranking drop bay can suffer here.
We can only pray the dumb money is drained to the smarter hands sooner than later that will obviously either cash out to fiat or re invest in the real projects that will have good long term prospects.
And that these ico dreams and talk schemes implode to zero asap ... although they will be cashing out the " development funding" for some time yet so have to string these poor fools on for a little longer.
True the fake ICO problem has pushed extremely well known projects like Peercoin, Counter-Party and tons of other projects. And they are even pushing projects on page two.
But the thing is, this software is needed for a lot of things including international cash for coins deals and there is no actual alternative that is secure. Especially new regulation on ICOs and money transfer will heavily favor us I think.
It doesn't matter what page we are on, I'm working on getting adoption. And we have had so many releases including new GUI. The developement is on fire with us actually. Regardless of where the price goes temporarily.
Although I agree it's totally ridiculous that this project isn't at least top 50. Anyways, we have the peg, we have people working full time on this so obviously that is a big advantage over fake projects. Fake projects won't develop anything and one day disappear and we will remain.
sometimes i feel eth was the worst thing that happened to this entire market, 99% of these ico teams couldn't even maintain a blockchain based currency on their own. Their dreams and talk based upon smart contracts ideas would be laughable from the outset then.
sooner or later even the dumbest of the dumb will come to see that these teams have no talent except marketing and that their btc will be long gone. Next time they have some btc to invest they will start to realise that they need to avoid cmc (the most dangerous site in crypto) and instead research long and hard on this board for the only REAL projects with REAL dev teams that have PROVEN they can create something of great use.
although having said all of that you can't complain at getting to suck up more bay at 600 sats. I never suspected we would see that level again.
Yes the development speed here has really picked up too and it is so strange that more people have not started talking about bitbay yet. I was being conservative with the top 50 I don't see more than a handful of other projects that could be justified to hold positions above bay really. Especially if we had a mobile fulyl featured market app we should be looking at a top 5 position really all things considered.
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