Obyte: Totally new consensus algorithm + private untraceable payments

[Come-from-Beyond]

I see Byteball price is repeating Litecoin pattern. I sold 20'000 LTC back then for 65 USD in total, now they would be worth 1'044'000 USD, just saying...

Not a good example, Litecoin keeping around same +/- rate with Bitcoin number of years,  in last few months Gbyte value drops 8 time compared to BTC.

I was talking about times when Litecoin was only several months old.

[Denker]

I see Byteball price is repeating Litecoin pattern. I sold 20'000 LTC back then for 65 USD in total, now they would be worth 1'044'000 USD, just saying...

Hmm yeah well it looks similar. However that doesn't mean anything as so much has changed the last 5 years. Much bigger market, much more competition.

[romec1701]

GBYTE was the first altcoin I bought into. It was a mistake and now I have lost a significant portion of my investment. With burnt fingers I am hoping for some positive news on this coin, it seems to have such potential (admitedly to a crypto newbie) but the wallet seems very simple and fast and the plan to get merchants onboard is a good one.

I hope that there will be positive movement in the future so I can recoup some of my loses.

[codemanX]

GBYTE was the first altcoin I bought into. It was a mistake and now I have lost a significant portion of my investment. With burnt fingers I am hoping for some positive news on this coin, it seems to have such potential (admitedly to a crypto newbie) but the wallet seems very simple and fast and the plan to get merchants onboard is a good one.

I hope that there will be positive movement in the future so I can recoup some of my loses.

I bought my first GBYTE for ~70$, the most expensive was nearly at 800$, I don't trade, just buy and hold.
At the moment I lost many bucks too, but it will recover for sure because it's a great project, I still believe.

[afbitcoins]

GBYTE was the first altcoin I bought into. It was a mistake and now I have lost a significant portion of my investment. With burnt fingers I am hoping for some positive news on this coin, it seems to have such potential (admitedly to a crypto newbie) but the wallet seems very simple and fast and the plan to get merchants onboard is a good one.

I hope that there will be positive movement in the future so I can recoup some of my loses.

I bought my first GBYTE for ~70$, the most expensive was nearly at 800$, I don't trade, just buy and hold.
At the moment I lost many bucks too, but it will recover for sure because it's a great project, I still believe.

Its painful to see it go down when you already invested. I've increased my stack in last few days and planning to hold what I now have for long term. In short term I feel this coin is way oversold, for me its hard to see it keep going down much more from here, although I've been saying that since about 0.06 

Hopefully we'll get a nice rebound soon.

[Karartma1]

If I would have to positive I could say that looking at the extremely low volume that is driving these last dumps one could argue that actually most of the coin holders are not caring much about the price otherwise we could have seen a hell of a huge dump (with ove 2000BTC traded). This does not look the case even if this downtrend does not look good.
I wonder really what kind of price the whales are waiting to start another rally.
My two bytes, as usual

[chey]

Will there be an October distribution round?

[Seeder]

GBYTE was the first altcoin I bought into. It was a mistake and now I have lost a significant portion of my investment. With burnt fingers I am hoping for some positive news on this coin, it seems to have such potential (admitedly to a crypto newbie) but the wallet seems very simple and fast and the plan to get merchants onboard is a good one.

I hope that there will be positive movement in the future so I can recoup some of my loses.

I bought my first GBYTE for ~70$, the most expensive was nearly at 800$, I don't trade, just buy and hold.
At the moment I lost many bucks too, but it will recover for sure because it's a great project, I still believe.

Serious investors want to know something, leave their faith in the church.

The developers should finally come up with a roadmap to see if this project is moving in a reasonable direction. - It doesn't look like it yet.

Am I the only one here who wants to sell real goods against Blackbytes?
The point is that I cannot do it, because there is a lack of the crucial fundamentals.

[jwinterm]

If I would have to positive I could say that looking at the extremely low volume that is driving these last dumps one could argue that actually most of the coin holders are not caring much about the price otherwise we could have seen a hell of a huge dump (with ove 2000BTC traded). This does not look the case even if this downtrend does not look good.
I wonder really what kind of price the whales are waiting to start another rally.
My two bytes, as usual

Only 20 BTC left on the buy side at bittrex, can't be a very high volume dump given that.

[LoyceV]

The developers should finally come up with a roadmap to see if this project is moving in a reasonable direction. - It doesn't look like it yet.

A roadmap is typically used by any scam-ICO to earn millions without producing anything. Tony doesn't make promises and doesn't ask for money, but he gives a complete working product for free, complete with free money!

Am I the only one here who wants to sell real goods against Blackbytes?
The point is that I cannot do it, because there is a lack of the crucial fundamentals.

It's as easy as it gets, as long as you chat with your customers within Byteball chat.

Only 20 BTC left on the buy side at bittrex, can't be a very high volume dump given that.

On the sell-side it doesn't need that much either, to get a big pump.

[AltScope]

If I would have to positive I could say that looking at the extremely low volume that is driving these last dumps one could argue that actually most of the coin holders are not caring much about the price otherwise we could have seen a hell of a huge dump (with ove 2000BTC traded). This does not look the case even if this downtrend does not look good.
I wonder really what kind of price the whales are waiting to start another rally.
My two bytes, as usual

Only 20 BTC left on the buy side at bittrex, can't be a very high volume dump given that.

I should really get some buy orders in

I've been a small holder for a while (only 5GB) and really don't care much about the downtrend I've been in crypto for long enough to know whats gonna happen even if it takes a while

[milik]

Stinky volume and weak hands that sell, so you can see there are many weak hands in Bytball and instead are rich in fear of losing everything and ... continues the sale and the price drops
This will no doubt end

At the top of the rich list there are no changes, nobody sells, no one gives away their bytes

We expect the spark that returns us the bullish trend and the joy that accompanies the price rises

Perhaps a debit card would be a good spark to accompany the strategy with the merchants

[jackfruit]

I keep getting an error message. I download the latest version, but after a week or two same problem keeps recurring.

[s1lverbox]

I will share also my thought about BB.

Let's start from TA for GB. There is no such thing like technical a. Simple reason is "to many free money" in hands of big ones and greedy ones.
Until GB holds value and it still above 200$ there will be someone to dump.

There is no such thing like "oversold" for GB. Reason above.

Now for future:
Once airdrops will be back i think we need about 2 to 3 months to get back people and theirs money.
Next airdrop will not bring any significant price rise as people found hard way there is no airdrop this month so "why should i care"....
Once airdrops will be back, we will see first month slow move and volume up. But there will be still people waiting for any pump to dump their coins so be prepared.
It will be like at the beggining of BB. It took 4-5 month to get to ATH because of people and that they pay attention.

Once we will have second month people will wait for next one and next one and then we should see price rise and possibly new ATH.

If in mean timei there will be some good news this should help even more to move the price up.

Bitcoin was dying so many times.....

[kafeelniazi]

So.. how this "lets-make-the-rich-bastards-richer" coin is going?
Let me be clear - I won't buy something that others get for free.. in case if you're wondering why the volume on exchanges is so low

I know these altcoins are having very successful year but I just think they are feeding off of bitcoins. I mean bitcoin is still the name of crypto currency and is presented as the best. You cannot present a mouse as a lion just by saying that he lives in the same jungle as lion.

[Marc De Mesel]

So.. how this "lets-make-the-rich-bastards-richer" coin is going?
Let me be clear - I won't buy something that others get for free.. in case if you're wondering why the volume on exchanges is so low

About the same as it has for the last 10 months.  Why would you ask?

Let me be clear - I don't see that anyone asked you to buy them.

I remember people having the same thoughts on Bitcoin.  I was telling friends 6 years ago to buy it, and like you, they said, "Why buy something that people can just mine for free?"

Hey Michail1,

Saw on the slack that you are going to take a break from Byteball slack due to the continued price collapse and want to invest your time differently.

Just want to let u know I have enjoyed many of your postings here and on slack, and believe you are right in your analyses that Byteball is a great coin and has good chance to go up a lot in the future.

Hope you succeed in hodling and see u back soon.

Take care and thanks so much for all your great posts!!! 

[afbitcoins]

I will share also my thought about BB.

Let's start from TA for GB. There is no such thing like technical a. Simple reason is "to many free money" in hands of big ones and greedy ones.
Until GB holds value and it still above 200$ there will be someone to dump.

There is no such thing like "oversold" for GB. Reason above.

Now for future:
Once airdrops will be back i think we need about 2 to 3 months to get back people and theirs money.
Next airdrop will not bring any significant price rise as people found hard way there is no airdrop this month so "why should i care"....
Once airdrops will be back, we will see first month slow move and volume up. But there will be still people waiting for any pump to dump their coins so be prepared.
It will be like at the beggining of BB. It took 4-5 month to get to ATH because of people and that they pay attention.

Once we will have second month people will wait for next one and next one and then we should see price rise and possibly new ATH.

If in mean timei there will be some good news this should help even more to move the price up.

Bitcoin was dying so many times.....

Good post but I'd respectfully disagree about not being able to do TA. Absolutely you can do TA on byteball. Or at least I can, I'm quite happy with placement of trend lines on my chart.  

Byteball is still in a clear bear market I'd say, and remained so even during the all time high. No doubt this is due to the extreme high inflation with monthly distribution (dumping) of coins into the market which was, especially in the first months, deposited largely to weak hands. However I am not criticizing the distribution method. It is what it is and you have to start somewhere and get the coins distributed. I view this method as much much better than via an ICO which was one of the things that drew me to this project in the first place.

Anyway, I think dynamics will change now in interesting and potentially more bullish ways. For a start byteball is becoming more scarce. Because its gone down in value there is less incentive to cash in free money, coupled with that the amount given to linked bitcoin holders is drastically reduced, so that means the incentive to sell and the amount that can be sold (by the weaker hand bitcoin holders) are all reduced. On top of all that there is no distribution this month causing scarcity of supply for this month which adds to what I already described.

While there are still a lot of byteball to be distributed, I think that now they will mainly go to invested byteball holders with much smaller portion to the bitcoin holders. ie more of these holders will probably be stronger hands. So yes there will be continued downward pressure while distributions are still inflating the supply on the market but for reasons I stated I think this will be less than before.

Aside from those observations on a technical level byteball looks oversold even within its bearish trend.

These are all reasons why I've been buying, not to mention that I think the technology is amongst the most interesting I've seen.

[Nomad88]

Sorry to jump in but haven’t been following this thread for awhile. I’ve bought some coins in order to join airdrops couple of months ago. Price has been plummet since then. What happened? Did I miss something here? Something possibly big?

[s1lverbox]

Good post but I'd respectfully disagree about not being able to do TA. Absolutely you can do TA on byteball. Or at least I can, I'm quite happy with placement of trend lines on my chart.  

Byteball is still in a clear bear market I'd say, and remained so even during the all time high. No doubt this is due to the extreme high inflation with monthly distribution (dumping) of coins into the market which was, especially in the first months, deposited largely to weak hands. However I am not criticizing the distribution method. It is what it is and you have to start somewhere and get the coins distributed. I view this method as much much better than via an ICO which was one of the things that drew me to this project in the first place.

Anyway, I think dynamics will change now in interesting and potentially more bullish ways. For a start byteball is becoming more scarce. Because its gone down in value there is less incentive to cash in free money, coupled with that the amount given to linked bitcoin holders is drastically reduced, so that means the incentive to sell and the amount that can be sold (by the weaker hand bitcoin holders) are all reduced. On top of all that there is no distribution this month causing scarcity of supply for this month which adds to what I already described.

While there are still a lot of byteball to be distributed, I think that now they will mainly go to invested byteball holders with much smaller portion to the bitcoin holders. ie more of these holders will probably be stronger hands. So yes there will be continued downward pressure while distributions are still inflating the supply on the market but for reasons I stated I think this will be less than before.

Aside from those observations on a technical level byteball looks oversold even within its bearish trend.

These are all reasons why I've been buying, not to mention that I think the technology is amongst the most interesting I've seen.

will see, i am open minded and invested a lot in to it. Fingers crossed other will see what you see.

[Qpeep]

The price has tanked a bit too much now, not clear what's going on. Will blackbytes follow in the downtrend?