Obyte: Totally new consensus algorithm + private untraceable payments

[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?

[jackfruit]

Lost pretty much everything with 7x price drop. This was one of the worst choice for investors in the last 6 months. This airdrop system was simply stupid and it prepared coins end slowly. Even if there was a price pull-up, I don’t think it would make a significant difference.

[mining_spaceship]

Lost pretty much everything with 7x price drop. This was one of the worst choice for investors in the last 6 months. This airdrop system was simply stupid and it prepared coins end slowly. Even if there was a price pull-up, I don’t think it would make a significant difference.

I hope you have not invested what you can't afford to lose, because if you have to close your position, it's a terrible loss. But in the long term, fundamentals are what counts, right?

Just make sure you're not investing in fairy tales, and everything will be fine.

[Michail1]

Will there be an October distribution round?

Read the first post on the first page.
Read the website (byteball.org)
Search the thread on the same question.

Short answer - No.

[Michail1]

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?

That sucks.  You could always make it worse by selling now and the price then jumps.  A lot of people did that with (insert your favorite alt coin here).

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

Blackbytes is stable, but likely cause it's traded mostly against byteball.
As for the price tank, it's what scares people, but may be the good time to buy.
- Just think about Bitcoin... was at $5k, then dropped $1k.  people thinking they should buy, but then continued to fall to $3k.  Definately people purchased but most feared it was going to continue to fall so didn't buy even then.  Now those people are mad they didn't buy as it's gone up $1300 of that.   Basically, no one knows.  I haven't sold any, but then again, I haven't bought either.  Just like everyone else, I have no clue. 

Lost pretty much everything with 7x price drop. This was one of the worst choice for investors in the last 6 months. This airdrop system was simply stupid and it prepared coins end slowly. Even if there was a price pull-up, I don’t think it would make a significant difference.

Ouch.  The key thing here is that you made a choice.  It could have easily turned out the other way and sky rocketed in value and you would have thought it was the best thing to have made.  Just think of all the people that simply do nothing.  I still have friends waiting to buy bitcoin ---- If only bitcoin would drop back down to $33 (they bought silver instead when bitcoin hit parity).   Wait, what has silver done in the last 5 years?   :p

[Michail1]

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

I have seen this issue many times.  Mainly two causes (that I know of).

One is that you could be using the wallet on two different devices.  Did you move from one computer/device to another?

Two did you restore a backup that was prior to having received blackbytes or transactions where as the restored copy doesn't know of a transaction you made after the backup was made?

Sounds strange, but you can keep reopening the wallet and the error may go away / bypass.   Once synced, you may have an issue with private payments syncing.

In worse case, you can do a restore from seed and recover the normal bytes.  As for blackbytes, you can't do those with the seed method.  Also, since you are running a full node, it makes it a little more difficult because it must be allowed to sync up.

It appears that you have 10GBB, so you may only care for the estimated 5GB that you may have.  Can't tell because of the popup.  Your time may best be suited simply recovering the regular bytes and losing the blackbytes, but again, I can't see cause of the popup.

You're welcome to send me the wallet and I will recover most, if not all, of your funds.  Also, I would recommend you (or me) convert to a lite wallet unless you have a specific reason for running a full node.

[jhannlenris]

Byteball is moving away from dropping based on Coin (bitcoin or altcoin) holdings.  It's moved to benefit people that actually have Byteball. And that is really a great step! I am holding Byteball since many months, good that this will be more rewarded than holding another coin.
It would be great if they change the distribution model to benefit the Long-Term Holder, maybe 10% for Coins holding longer than a month, that will decrease the dump every time.

If I am right, the percentage for gbyte holder is 10%. I hold 8 gbyte yesterday and right now I have 0.8 gbyte. Not a big amount but I will still holding. I believe in this cryptocurrency. Hope that after the airdrop, you guys will have more time to develop and the coin will have more space to grow stronger

[Michail1]

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!!! 

 Thanks for the post.

Yeah, figured I need a break and spend my time, if only a little, more wisely.  Not getting my own things done, so I need to take a break.  Of course, here I am still answering others - heh  (Mostly via direct messages though).   My fav messages are from those people that are mad at me about the price drop, and I get to respond that I am not a part of byteball (dev or member or employee) and freely get to tell them to screw off as if I control the price.

Also, yes, I am a Hodler.  I have never sold any bytes or blackbytes -- yet (although I have given many away) .

It would be great if they change the distribution model to benefit the Long-Term Holder, maybe 10% for Coins holding longer than a month, that will decrease the dump every time.

If I am right, the percentage for gbyte holder is 10%. I hold 8 gbyte yesterday and right now I have 0.8 gbyte. Not a big amount but I will still holding. I believe in this cryptocurrency. Hope that after the airdrop, you guys will have more time to develop and the coin will have more space to grow stronger

Good idea.  More difficult to change now that distributions are pretty set.  I think it's more stable to keep a single method than to change month to month though.

Yes, it is 10%.   No bank pays 10% (nearly) monthly.  No one really wants money in the bank anyway (even if banks were paying 10% monthly) - Just ask the people in Cyprus (and other countries) about the money they had in the bank. 

[Karartma1]

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.

Excellent recap guys. This is what it is now. Weaker hands are selling their free coins. If bagholders would have dumped their coins this coin could be already dead. But it's far from dead. Tonych slowly releases new features and other devs keep adding bots to the store. As I've already said I've jumped in at the beginning and will try to be here as long as possible.
Volume will come, BTC bullish trend gets all the attention right now