BitBay |Decentralized Marketplace|Smart Contracts|IoT Tech|Markets Open

[choeymethod]

I thought we were getting a new demo video?

http://youtu.be/m0w4MdMhpr4

Looking good, personally Id rather wait a little longer for the fully functioning wallet.

[yeXIABC]

Buy more coins early

[unusualfacts30]

Please vote for Bay on Cryptsy (if you use it).

[hyunsookmom]

What was the IPO price on this coin?

[silavon]

What was the IPO price on this coin?

- Total Coin Supply: 1 Billion
- Starting Satoshi Price:
252-264 satoshi -Day 1
264-276 satoshi -Day 2
276-288 satoshi -Day 3
288-300 satoshi -Day 4
300        satoshi -Day 5
Price will go up 1 satoshi every 2 hours on the hour.

[hyunsookmom]

What was the IPO price on this coin?

- Total Coin Supply: 1 Billion
- Starting Satoshi Price:
252-264 satoshi -Day 1
264-276 satoshi -Day 2
276-288 satoshi -Day 3
288-300 satoshi -Day 4
300        satoshi -Day 5
Price will go up 1 satoshi every 2 hours on the hour.

Why are people selling below the IPO price, is this a failing coin, some problems? I just found this, will read through. A summary would be nice though.

[qawzsx]

What was the IPO price on this coin?

- Total Coin Supply: 1 Billion
- Starting Satoshi Price:
252-264 satoshi -Day 1
264-276 satoshi -Day 2
276-288 satoshi -Day 3
288-300 satoshi -Day 4
300        satoshi -Day 5
Price will go up 1 satoshi every 2 hours on the hour.

Why are people selling below the IPO price, is this a failing coin, some problems? I just found this, will read through. A summary would be nice though.

I can't believe people are asking this stupid question over and over again.
Watching that almost non-existent volume should ring a freaking bell in your tiny brain, and make you comprehend how easy it easy to play withe the market, making some monkeys like you to sell in despair...

Gosh

[allihies]

that is something that i hardly understand too. why would you sell less of what you paid?
unless there something wrong with the coin of course

[hyunsookmom]

What was the IPO price on this coin?

- Total Coin Supply: 1 Billion
- Starting Satoshi Price:
252-264 satoshi -Day 1
264-276 satoshi -Day 2
276-288 satoshi -Day 3
288-300 satoshi -Day 4
300        satoshi -Day 5
Price will go up 1 satoshi every 2 hours on the hour.

Why are people selling below the IPO price, is this a failing coin, some problems? I just found this, will read through. A summary would be nice though.

I can't believe people are asking this stupid question over and over again.
Watching that almost non-existent volume should ring a freaking bell in your tiny brain, and make you comprehend how easy it easy to play withe the market, making some monkeys like you to sell in despair...

Gosh

Thanks for calling me a monkey with a tiny brain. Sadly that is you cause I neither have owned or sold any BitBay, so who's the monkey?

ps the vol is 20 btc, not that low.

[amytheplanarshift]

that is something that i hardly understand too. why would you sell less of what you paid?
unless there something wrong with the coin of course

Plenty of reasons... Maybe you really need the BTC to pay some bills. Maybe you want to try and induce panic selling in weak hands so that you can buy up more at cheaper prices. Maybe you are one of the fools who are easily manipulated into selling for cheap. There are a lot of reasons why people do the things they do in the market.

[hyunsookmom]

that is something that i hardly understand too. why would you sell less of what you paid?
unless there something wrong with the coin of course

Plenty of reasons... Maybe you really need the BTC to pay some bills. Maybe you want to try and induce panic selling in weak hands so that you can buy up more at cheaper prices. Maybe you are one of the fools who are easily manipulated into selling for cheap. There are a lot of reasons why people do the things they do in the market.

Thanks Captain Obvious!

I think what they mean is they don't undertstand the reason this IPO is selling at below the initial price, my first thoughts are it was overpriced or some serious doubt surrounding what seem like pretty incredible promises. Now I've read through I also am confused and wondering what I missed.

What did I miss? The wallet seems legit, is there doubts about the market working out?

[altcoinUK]

that is something that i hardly understand too. why would you sell less of what you paid?
unless there something wrong with the coin of course

Plenty of reasons... Maybe you really need the BTC to pay some bills. Maybe you want to try and induce panic selling in weak hands so that you can buy up more at cheaper prices. Maybe you are one of the fools who are easily manipulated into selling for cheap. There are a lot of reasons why people do the things they do in the market.

Thanks Captain Obvious!

I think what they mean is they don't undertstand the reason this IPO is selling at below the initial price, my first thoughts are it was overpriced or some serious doubt surrounding what seem like pretty incredible promises. Now I've read through I also am confused and wondering what I missed.

What did I miss? The wallet seems legit, is there doubts about the market working out?

What did you miss? Oh dear ... You missed the fact that this ICO was a desperate scam in the first place when the majority of the coins were "purchased" by the organizers of the ICO, and then - as they have the BTC and the "purchased" coins as well  - they are dropping the coins at any price, even selling at 200 satoshi is a pure profit for them.

Here are the answers to your question

https://bitcointalk.org/index.php?topic=644093.msg9659046#msg9659046

https://bitcointalk.org/index.php?topic=857457.0

[bobcaticus]

Bitbay is writing checks with their mouths that their asses can't cash.

$1 a coin for a billion coins... 

[Mig-23]

@Altcoinuk
you come again
to seek opportunities dropping of bitbay  
i think maybe coin created by you would be the best in around the world,..
show me your coin
i will buy  

[Kevinrasf]

Sad to see that again many kids come here to FUD around.

Deleting FUD is a busy job for the BitBay team, so many stupid people spamming so many stupid posts.

[Mig-23]

the people who never interested with bitbay
just go away
we don't need your oration

[Toxamax]

What did I miss? The wallet seems legit, is there doubts about the market working out?

Crypto-prices rarely correspond to real-life progress in value. This is usually due to the low volumes being extremely easy to manipulate. As a coin distributes further and is held by more hands however, this becomes more difficult to sustain and you'll see a coin's price assume a more accurate presentation of it's value.

[E9800]

The only solution to the above posts is progress. If or when promises are delivered these post will fade away. I agree $1.00 per coin is a bit much and sounds way too good to be true. Also, there has been a lot of dumping of coins bringing the price down. Where are they coming from and why would you sell for less than you paid is a great question. This is why I wanted to know if fees would be charged for use of BitBay Marketplace. I would much rather pay a small fee per transaction to support development than have all the money made up front by selling off coins. This ensures a long term payment system for developers. I feel like we are being told what we want to hear right now and this does not support a healthy community.

To be clear. I want to see BitBay successful.

[VampiricElder]

I still don't get how the ywant to peg this coin to renminbi. At this price it would be loss for anybody holding bitbay coins

The coin will be pegged. There is a goal for the growth. The goal is a dollar. We will probably start at whatever price it is before the fork and forcefully grow it a certain %. Or the other option is to immediately peg to the target price. We will make the decision later with enough community feedback.

I have a question about this. What would be the advantages/disadvantages betweem these two options? Wouldnt everyone want it to go straight to a dollar straight away?

[amytheplanarshift]

I still don't get how the ywant to peg this coin to renminbi. At this price it would be loss for anybody holding bitbay coins

The coin will be pegged. There is a goal for the growth. The goal is a dollar. We will probably start at whatever price it is before the fork and forcefully grow it a certain %. Or the other option is to immediately peg to the target price. We will make the decision later with enough community feedback.

I have a question about this. What would be the advantages/disadvantages betweem these two options? Wouldnt everyone want it to go straight to a dollar straight away?

If it's pegged to $1 immediately and there is not enough volume, barely anyone will be able to sell at that price so it makes more sense to start at a smaller peg and ramp up as volume increases.