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Author Topic: I'm Calling It. Current Price of 1K Bytecoins is .5 BTC  (Read 1586 times)
twelph (OP)
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April 05, 2013, 03:46:38 PM
 #1

With the massive amount of computing power being turned towards the network, and dozens of failed threads of people trying to buy Bytecoins, I'm going to speculate that most people won't part with them for any less than 1K BTE for .5 BTC.

Trustworthy Buyers: TTBit
legend
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April 05, 2013, 03:47:50 PM
 #2

I think they are around 0.3-0.4, not so sure about 0.5.
VforVictory
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April 05, 2013, 04:05:58 PM
 #3

Lol... Bytecoins only have as much of a price as the fool wants to pay.
drawingthesun
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April 05, 2013, 04:17:50 PM
 #4

With the massive amount of computing power being turned towards the network, and dozens of failed threads of people trying to buy Bytecoins, I'm going to speculate that most people won't part with them for any less than 1K BTE for .5 BTC.

Isn't that 70 cents per Bytecoin? Seems rather steep
mr_random
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April 05, 2013, 04:31:13 PM
 #5

With the massive amount of computing power being turned towards the network, and dozens of failed threads of people trying to buy Bytecoins, I'm going to speculate that most people won't part with them for any less than 1K BTE for .5 BTC.

Isn't that 70 cents per Bytecoin? Seems rather steep

If these Bytecoins take off I am selling up a big % of my crypto holdings because it's not a good sign for the future of crypto currencies. Won't be long until we have a new identical clone of Bitcoin popping up every day, with people hoping to mega mine in the first week.

▄▄███████▄▄
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.
 MΞTAWIN  THE FIRST WEB3 CASINO   
.
.. PLAY NOW ..
Come-from-Beyond
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April 05, 2013, 04:33:39 PM
 #6

With the massive amount of computing power being turned towards the network, and dozens of failed threads of people trying to buy Bytecoins, I'm going to speculate that most people won't part with them for any less than 1K BTE for .5 BTC.

Isn't that 70 cents per Bytecoin? Seems rather steep

...I am selling up a big % of my crypto holdings...

How many bytecoins u r selling? And how many bitcoins u want to get for them?
twelph (OP)
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April 05, 2013, 04:35:42 PM
 #7

With the massive amount of computing power being turned towards the network, and dozens of failed threads of people trying to buy Bytecoins, I'm going to speculate that most people won't part with them for any less than 1K BTE for .5 BTC.

Isn't that 70 cents per Bytecoin? Seems rather steep

If these Bytecoins take off I am selling up a big % of my crypto holdings because it's not a good sign for the future of crypto currencies. Won't be long until we have a new identical clone of Bitcoin popping up every day, with people hoping to mega mine in the first week.

This is one of the first solutions to solving the scalability problem of Bitcoins not being able to handle the possible future of competing with the massive amounts of transactions that card processors and major banks take on daily. Two separate blockchains with identical code. If people continue to trust in Bitcoins, then that should naturally transfer over to Bytecoins.

Trustworthy Buyers: TTBit
mr_random
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April 05, 2013, 04:39:47 PM
 #8

Quote
This is one of the first solutions to solving the scalability problem of Bitcoins not being able to handle the possible future of competing with the massive amounts of transactions that card processors and major banks take on daily. Two separate blockchains with identical code. If people continue to trust in Bitcoins, then that should naturally transfer over to Bytecoins.

That is the weakest excuse for a clone I have ever heard. Good thinking though someone obviously sat down for many hours and thought how on earth can I put a spin on these coins so they don't sound as worthless as they are.

With the massive amount of computing power being turned towards the network, and dozens of failed threads of people trying to buy Bytecoins, I'm going to speculate that most people won't part with them for any less than 1K BTE for .5 BTC.

Isn't that 70 cents per Bytecoin? Seems rather steep

...I am selling up a big % of my crypto holdings...

How many bytecoins u r selling? And how many bitcoins u want to get for them?

I'm referring to my other holdings. I don't have any Bytecoins.

▄▄███████▄▄
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▀██████████████████▀
▀███████████████▀
▀▀███████▀▀
.
 MΞTAWIN  THE FIRST WEB3 CASINO   
.
.. PLAY NOW ..
bushstar
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April 05, 2013, 04:42:11 PM
 #9

I've been looking at the bids of 0.1BTC per 1,000BTE and have not even been tempted to part with my 25,000BTE.

Come-from-Beyond
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April 05, 2013, 04:44:01 PM
 #10

I've been looking at the bids of 0.1BTC per 1,000BTE and have not even been tempted to part with my 25,000BTE.

I offer 0.2 BTC for 1000 BTE.
SgtSpike
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April 05, 2013, 04:45:39 PM
 #11

With the massive amount of computing power being turned towards the network, and dozens of failed threads of people trying to buy Bytecoins, I'm going to speculate that most people won't part with them for any less than 1K BTE for .5 BTC.

Isn't that 70 cents per Bytecoin? Seems rather steep

If these Bytecoins take off I am selling up a big % of my crypto holdings because it's not a good sign for the future of crypto currencies. Won't be long until we have a new identical clone of Bitcoin popping up every day, with people hoping to mega mine in the first week.

This is one of the first solutions to solving the scalability problem of Bitcoins not being able to handle the possible future of competing with the massive amounts of transactions that card processors and major banks take on daily. Two separate blockchains with identical code. If people continue to trust in Bitcoins, then that should naturally transfer over to Bytecoins.
That's a horrible solution to solving the scalability problem of Bitcoins (which I still don't believe is actually a problem).  Sure, let's just create 20 different cryptocurrencies so that it doesn't block up any one of them.  Now we have 20 currencies that are incompatible with each other, 20 blockchains to run, 20 currencies to list acceptance of, 20 currencies to process, 20 currencies to build mini-economies around...

I nominate this for worst solution of the year to a problem that doesn't exist yet.
mr_random
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April 05, 2013, 04:46:07 PM
 #12

I offer fresh air for BTE.

▄▄███████▄▄
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▀██████████████████▀
▀███████████████▀
▀▀███████▀▀
.
 MΞTAWIN  THE FIRST WEB3 CASINO   
.
.. PLAY NOW ..
Wekkel
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April 05, 2013, 04:47:06 PM
 #13

That is the weakest excuse for a clone I have ever heard.  

Clones do not need excuses, the market will deal with them. If clones solve a problem of whatever nature or satisfy a demand, they are viable and will exist for some period.

wachtwoord
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April 05, 2013, 04:48:41 PM
 #14

With the massive amount of computing power being turned towards the network, and dozens of failed threads of people trying to buy Bytecoins, I'm going to speculate that most people won't part with them for any less than 1K BTE for .5 BTC.

Deal, I'll sell you 300 BTE for 0.15 BTC. PM me to settle it.
Come-from-Beyond
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April 05, 2013, 04:49:35 PM
 #15

I nominate this for worst solution of the year to a problem that doesn't exist yet.

It's funny that attempt to solve non-existent problem caused the recent BTC chain fork...
VforVictory
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April 05, 2013, 04:51:26 PM
 #16

With the massive amount of computing power being turned towards the network, and dozens of failed threads of people trying to buy Bytecoins, I'm going to speculate that most people won't part with them for any less than 1K BTE for .5 BTC.

Isn't that 70 cents per Bytecoin? Seems rather steep

If these Bytecoins take off I am selling up a big % of my crypto holdings because it's not a good sign for the future of crypto currencies. Won't be long until we have a new identical clone of Bitcoin popping up every day, with people hoping to mega mine in the first week.

This is one of the first solutions to solving the scalability problem of Bitcoins not being able to handle the possible future of competing with the massive amounts of transactions that card processors and major banks take on daily. Two separate blockchains with identical code. If people continue to trust in Bitcoins, then that should naturally transfer over to Bytecoins.
That's a horrible solution to solving the scalability problem of Bitcoins (which I still don't believe is actually a problem).  Sure, let's just create 20 different cryptocurrencies so that it doesn't block up any one of them.  Now we have 20 currencies that are incompatible with each other, 20 blockchains to run, 20 currencies to list acceptance of, 20 currencies to process, 20 currencies to build mini-economies around...

I nominate this for worst solution of the year to a problem that doesn't exist yet.

There are more currencies in the world than 20... So it should be okay, right? XD
SgtSpike
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April 05, 2013, 05:01:31 PM
 #17

I nominate this for worst solution of the year to a problem that doesn't exist yet.

It's funny that attempt to solve non-existent problem caused the recent BTC chain fork...
That wasn't a scaling problem, that was a bug in the software.
Come-from-Beyond
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April 05, 2013, 05:09:33 PM
 #18

I nominate this for worst solution of the year to a problem that doesn't exist yet.

It's funny that attempt to solve non-existent problem caused the recent BTC chain fork...
That wasn't a scaling problem, that was a bug in the software.

Which appeared after blocksize was increased to be able to contain more txs.
SgtSpike
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April 05, 2013, 05:20:08 PM
 #19

I nominate this for worst solution of the year to a problem that doesn't exist yet.

It's funny that attempt to solve non-existent problem caused the recent BTC chain fork...
That wasn't a scaling problem, that was a bug in the software.

Which appeared after blocksize was increased to be able to contain more txs.
Your point?
s7ryker
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April 05, 2013, 07:07:39 PM
 #20

I buy Bytecoins
Sent to this adress and u will not hear any complains from me about the price !
8UvJtdWSZteUEsSfqGJRXG88cQeJWV2XQC
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