weret
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Activity: 61
Merit: 10
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November 15, 2014, 11:39:32 PM |
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So everybody, is this thing legit or what?
How come was trading for less than during the ICO?
BAY was not "trading" during the ICO, the prices were pre-determined for a set time. Someone might word it better than I just did.  |
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PhilipMorris
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November 15, 2014, 11:40:05 PM |
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Not really less then ICO price. I guess we are just waiting for traders to pick up BitBay
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dload.1
Legendary
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Activity: 994
Merit: 1004
BTC
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November 15, 2014, 11:40:42 PM |
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Damn, so boring. I expected a bit more movement  lol i agree maybe it will pick up when china wakes up good  |
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bobcaticus
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November 15, 2014, 11:41:59 PM |
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How come was trading for less than during the ICO?
Because people are stupid. Because whales are trying to suppress the price to buy more. Hold. |
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Mickeyb
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November 15, 2014, 11:42:02 PM |
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Not really less then ICO price. I guess we are just waiting for traders to pick up BitBay
I meant during last hour since the trading started. They were selling it for 300 satoshis the 5th day and it was trading around 270 satoshis 30 minutes ago. Who sold cheaper than he bought if all of the ICO was sold out? |
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karimdr2
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November 15, 2014, 11:44:16 PM |
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I came out with 10% of profit with suffering! This is disappointing.
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mrcashking
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November 15, 2014, 11:45:24 PM |
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the coins only been out for trading an hour and 40 minutes you guys. lol
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Debit
Newbie
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Activity: 26
Merit: 0
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November 15, 2014, 11:45:48 PM |
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Not really less then ICO price. I guess we are just waiting for traders to pick up BitBay
I meant during last hour since the trading started. They were selling it for 300 satoshis the 5th day and it was trading around 270 satoshis 30 minutes ago. Who sold cheaper than he bought if all of the ICO was sold out? - 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. - Ticker: BAY - ICO Starting Date: 11th Nov GMT 13:00 - ICO Conclusion Date: 15th Nov GMT 13:00 - Total BTC limit cap for investors before expiration: 3000 BTC If any coins remain unsold at the end of the investment period, they will be burned by Bter Exchange. Thank you! |
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mrcashking
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November 15, 2014, 11:47:31 PM |
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im not even trading at the moment, just waiting for bter to enable withdraw so I can stake my coins in my wallet.
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dload.1
Legendary
Offline
Activity: 994
Merit: 1004
BTC
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November 15, 2014, 11:52:08 PM |
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the coins only been out for trading an hour and 40 minutes you guys. lol
maybe we need vindyne8 with his signs and promotion now, i hope he didn't tire himself out with all the pre ico work.  |
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mrcashking
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November 15, 2014, 11:55:05 PM |
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the coins only been out for trading an hour and 40 minutes you guys. lol
maybe we need vindyne8 with his signs and promotion now, i hope he didn't tire himself out with all the pre ico work. yeah he was going hard on twiitter.. ha |
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toknormal
Legendary
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Activity: 3066
Merit: 1188
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November 16, 2014, 12:09:48 AM |
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Somebody just picked up a near on a million coins for a couple of BTC.
All trades are sells
(That's because the other side of the market is now having its say).
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sofu
Legendary
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Activity: 1890
Merit: 1085
Degenerate Crypto Gambler
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November 16, 2014, 12:10:12 AM |
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the coins only been out for trading an hour and 40 minutes you guys. lol
maybe we need vindyne8 with his signs and promotion now, i hope he didn't tire himself out with all the pre ico work. yeah he was going hard on twiitter.. ha He is the Don King of altcoins |
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toknormal
Legendary
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Activity: 3066
Merit: 1188
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November 16, 2014, 12:14:48 AM |
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The market is currently revaluing the IPO.
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Mickeyb
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November 16, 2014, 12:19:20 AM |
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So all 1B coins were sold during the ICO?
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esuncloud
Member
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Activity: 98
Merit: 10
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November 16, 2014, 12:20:47 AM |
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Regarding how the developers get the ICO fund, I would suggest a weekly payment based on the quality of update and github submission.
Meanwhile, if the release of the BitBay wallet is nothing but a simple clone of Blackcoin and BlackHalo, I don't think it could worth more than 10 BTC.
Of course, more BTC could be reimburshed for reasonable advertising cost, etc.
To make it simple, no work no pay. If the team runs away, the rest of the fund could be returned to the investors or used to hire another team.
If all the fund is given to this team who just produces a simple clone of Blackcoin and BlackHalo, I believe the team might have a strong motivation to take the money and run away. It is not difficult to produce a clone of Blackcoin and BlackHalo (which just worth 10 BTC), but it is really difficult to finish the rest of the roadmap (2990 BTC work).
Not difficult hey?! You go ahead and write BitHalo from scratch. When you finish you will know that the price for its is easily 100 BTC. That software is mind numbingly complicated. 10 BTC is nothing. Thats not even enough to pay for a month of bills in the US. Lol it took me 4 months of coding just to release my beta. And then we worked our ass off for 4 months marketing flying all over the planet and you think its 10 BTC? If you think its so easy, go write a Halo clone and do all the legwork to grow it for a year and sell it for 10BTC. Whilst i agree your work is worth easily 100BTC+, you have to remember that you are not selling, you are allowing them to use it right? I like BC and hope that you will get a large chunk of btc for letting them use it. The more BTC feeding back to black coin is good. HOWEVER his point is kind of valid regarding slowly releasing funds in chunks for work produced or at the very least a ledger showing what the funds are required for. These ito ico if run properly can produce the results they want whilst giving the investors some kind of assurances. 10 Btc is far too small but 100 BTC per week is getting rather more reasonable. If a large chunk of work was produced up to 250BTC per week could be released. I mean the ledger should be able to show where the funds are being used. I don't think that is too unreasonable. Yeah this makes a lot of sense. To be honest, i was just a total mess total my nerves were wrecked hoping everyone would be honoring their words. But everyone was totally punctual, I'm meeting one of the members in person in a couple weeks and could not be happier with Bays performance and that of the other members. So we shall see how it plays out. We are making an operating budget and dont forget, we need that buy wall too. So its just a matter of being pragmatic. How many devs can we prepare in time, who works on what. Most likely I'm going to draw out an entire plan of how we structure the next month and what tasks to delegate. I totally respect your work of BlackHalo and Blackcoin is valuable too, but what I meant is that just a total clone of BlackHalo and BlackCoin will not worth 3000 BTC, but just 10 BTC. I have looked at the released wallet and it is no more than a clone of BlackCoin, right? This is not satisfactory for the price of 3000 BTC. Even with your demo video, it is just BlackHalo at least for now, right? Again, if bter gives your team all 3000 BTC based on the only combination of BlackCoin and BlackHalo, I will be pessimistic about the future of BitBay and out. I am sure that you might be a good developer, but I don't trust the rest of the team. They might just want their share and run away, and you can't really control them, right? |
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KC6TTR
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November 16, 2014, 12:23:39 AM |
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AGAIN.... low activity when the market is open = a positive sign. Most investors are holding. The LAST thing people who are in this for the proper run want to see is a bunch of crazy dumping. However, those who wish to get out at whatever price are free to do so. Diversification is a good thing. Scott- |
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qawzsx
Sr. Member
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Activity: 280
Merit: 250
NOT FUD! FACTS!
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November 16, 2014, 12:26:03 AM |
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This user is currently ignored.
Are you an idiot? |
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Ilan123
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November 16, 2014, 12:29:08 AM |
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im not even trading at the moment, just waiting for bter to enable withdraw so I can stake my coins in my wallet.
Sorry if this is a stupid question but is it possible to encrypt your wallet and still stake at the same time? |
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thcmakaveli
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November 16, 2014, 12:41:19 AM |
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im not even trading at the moment, just waiting for bter to enable withdraw so I can stake my coins in my wallet.
Sorry if this is a stupid question but is it possible to encrypt your wallet and still stake at the same time? Yes, If you unlock your wallet only for staking |
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