I also agree the "ceased" distribution is concerning. So much uncertainly. Uncertainty = low price... read any stock book.
I could understand giving a clear plan now. To leave so much up in the air is unwise and spooks large holders.
My whole problem with ICO type coins (like this, suddently) is that the dev controls too much supply.
Price dump right ahead of this news = Insider trading? Not accusing dev of anything, but it is suspicious...
Oh well, it will all work out if dev keeps at the genius ideas buried here...
This is not an insider pump. Byteball has rock-hard big holders and a lot of enthusiastic fans who are not just looking for a quick profit (Byteball is tech sexy and has a nice nerd factor).
So even a relatively small demand leads to sharply rising prices.
No dump happens in the top 100: Before the 10th distribution, 35% of the distributed bytes were aggregated in the Top 100 (30% in the top 50 alone).
After the 10th distribution, 39% can be found in the top 100 (33% in the top 50).
The dump after the distribution is happened because some people participate with borrowed money, to increase their profit. They need a quick refinance, but since there is a lack of demand after the distribution, the price always maks a dive - > panic -> dump
This looks dramatic in the chart and creates depressive mood, but here act small traders with small traders (At the top, only .5% of the capitalization is traded), one fool is fooling the other
Byteball's ecosystem is still a pond, a whale can’t move here without displacing all water:) + kill his investments / free money -maybe in 3 years.
The rapid increase this year, unfortunately, makes for completely excessive expectations. Nobody remembers the years before:
In face of this charts, I also dealt with the TC-ICO. I thought some diversification towards real world investment could not hurt.
Back to Byteball:
Byteball is where BTC was 4 years ago.
The distribution must be slowed down and gentle phased out - it has served its purpose (i.e. 20% interest a year should be enough to pay for the loyalty.)
In other words, it makes no sense to pour gasoline into the fire when everyone is already blinded and primarily zombies will attracted..
Every major investor will also realize that the negative side-effects should not exceed interest rates given by the distribution.
In this regard, Tony only secures the existing investment and ensures continuous development.
Now that Byteball is well known, we need active people who initiate the real world transformation and attract people outside of the Cryptocosmos.
A high interest rate for the merchants and developers would probably be also effective here.
This will not bring the fast breakthrough, but it increases the chances of finding stronger real world partners and awareness (Headline "Mysterious nerd currency is spreading") In addition, we can learn a lot to harden the technology..
I would even say that Byteball could become a very strong brand, if we find good partners and handle things carefully and strategically. Byteball has a certain authenticity and stands out from the crowd. Byteball is what BTC used to be – it’s avant-garde.
