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

[amytheplanarshift]

BTC/BAY has nearly triple the volume of any other coin on Bittrex... That's something to keep in mind even if the price is low. I am happy where we are as an investor, personally.

[qawzsx]

There is no investor protection without coin distribution. Right now the coins distribution is low. Pegging will destroy the market.

I think it's up for debate whether it's pegging or free market that's better for distribution. So far I've only seen volatility increase wallet inequality not lower it. Dogecoin being a prime example of that.

How can you create distribution with pegging? You are limiting the volume available to be moved from hand to hand. How can that create distribution?

You take away the advantage whales enjoy in the short term. Whales can manipulate and set walls. By limiting that volume you're freeing up that game for everyone.

A dump is meant to create wallet inequality followed by an increase in price. The richest wallets get richer during a dump. They're the ones scooping up coins during a firesale.

A pump is meant to create wallet equality in order to get out of a coin which is usually followed by a decrease in price. The more bagholders the merrier.

To limit the volume in both ways you're basically spoiling the game for short-traders. Whales can't get out of their own dumps as easily and they can't reap as many coins during their pumps.

So, in the end you only care how much your coin is worth. As I said, you don't think long term. You can't ask for stability within a young market without proper distribution.

You are very wrong. This is not about pump and dump. Pumps and dumps are nothing but freemarkets. You are better with FIAT if you don't like pump and dumps, or with GOLD. Pumps and dumps are still creating distribution, which result in more healthy market.

To limit the volume in both ways is a BIG mistake. Yes you don't have your evil pump and dumps that everyone fear, but in the same time you won't have distribution.

Whales are no the problem my friend into this market right now. I invested around 50 BTC into this. Do you consider me a whale? I don't consider myself a whale. Whales are not a problem within a 400k marketcap coin. Whales starts to be a problem from 10m marketcap coin because they can damage the coin.

This volatility is generated by daytraders. This is a new kind of game.

In the past, the things worked differently. They changed the game.

- They are not pumping the markets with bots anymore, they are creating volatility and they are milking BTC out of the market. BUT this is working only on fresh markets with low distribution. That's why we don't see those 2-3x price increase after the ICO. Because the players don't make money like this anymore if everybody expects to dump for 2-3x ASAP after the ICO ends.

Believe me, a coin will die as soon as the distribution stops. With a pegging system so early present, the distribution will stop very fast. The tech will come, but new investors will not wait days to invest few BTC. They will look for another investment. And this is how you kill the coin.

[awais3344_1]

BTC/BAY has nearly triple the volume of any other coin on Bittrex... That's something to keep in mind even if the price is low. I am happy where we are as an investor, personally.

yeah, which is mostly fake. no sugarcoating things please. Let's be real with things around here.

[unusualfacts30]

There is no investor protection without coin distribution. Right now the coins distribution is low. Pegging will destroy the market.

I think it's up for debate whether it's pegging or free market that's better for distribution. So far I've only seen volatility increase wallet inequality not lower it. Dogecoin being a prime example of that.

How can you create distribution with pegging? You are limiting the volume available to be moved from hand to hand. How can that create distribution?

You take away the advantage whales enjoy in the short term. Whales can manipulate and set walls. By limiting that volume you're freeing up that game for everyone.

A dump is meant to create wallet inequality followed by an increase in price. The richest wallets get richer during a dump. They're the ones scooping up coins during a firesale.

A pump is meant to create wallet equality in order to get out of a coin which is usually followed by a decrease in price. The more bagholders the merrier.

To limit the volume in both ways you're basically spoiling the game for short-traders. Whales can't get out of their own dumps as easily and they can't reap as many coins during their pumps.

So, in the end you only care how much your coin is worth. As I said, you don't think long term. You can't ask for stability within a young market without proper distribution.

You are very wrong. This is not about pump and dump. Pumps and dumps are nothing but freemarkets. You are better with FIAT if you don't like pump and dumps, or with GOLD. Pumps and dumps are still creating distribution, which result in more healthy market.

To limit the volume in both ways is a BIG mistake. Yes you don't have your evil pump and dumps that everyone fear, but in the same time you won't have distribution.

Whales are no the problem my friend into this market right now. I invested around 50 BTC into this. Do you consider me a whale? I don't consider myself a whale. Whales are not a problem within a 400k marketcap coin. Whales starts to be a problem from 10m marketcap coin because they can damage the coin.

This volatility is generated by daytraders. This is a new kind of game.

In the past, the things worked differently. They changed the game.

- They are not pumping the markets with bots anymore, they are creating volatility and they are milking BTC out of the market. BUT this is working only on fresh markets with low distribution. That's why we don't see those 2-3x price increase after the ICO. Because the players don't make money like this anymore if everybody expects to dump for 2-3x ASAP after the ICO ends.

Believe me, a coin will die as soon as the distribution stops. With a pegging system so early present, the distribution will stop very fast. The tech will come, but new investors will not wait days to invest few BTC. They will look for another investment. And this is how you kill the coin.

+1000

If no one sells..no one would buy and coin will die. Buys and sells are required. Whether you call it P&D, Whale manipulation, Organic move..it's up to you. If you can show the investors that coin has value...price will have no choice but rise. We're still in phase 1 so patience is the key at this moment.

[weret]

1. Can I keep using the old wallet now until I install the new one?
2. I do need to sync to the network (I've been afk for a week) before transferring the coins to an exchange, right?
3. Should I just send the coins to an exchange, then install the new wallet, then transfer from the exchange to that wallet?  

I installed each wallet on a different computer. I wouldn't recommend installing both on the same computer just to be safe, but I don't know for certain. I would do it the way you are suggesting if you only have one computer available.

Okay, I will do it my way in a few hours unless someone can give a better suggestion..

[Piston Honda]

There is no investor protection without coin distribution. Right now the coins distribution is low. Pegging will destroy the market.

I think it's up for debate whether it's pegging or free market that's better for distribution. So far I've only seen volatility increase wallet inequality not lower it. Dogecoin being a prime example of that.

How can you create distribution with pegging? You are limiting the volume available to be moved from hand to hand. How can that create distribution?

You take away the advantage whales enjoy in the short term. Whales can manipulate and set walls. By limiting that volume you're freeing up that game for everyone.

A dump is meant to create wallet inequality followed by an increase in price. The richest wallets get richer during a dump. They're the ones scooping up coins during a firesale.

A pump is meant to create wallet equality in order to get out of a coin which is usually followed by a decrease in price. The more bagholders the merrier.

To limit the volume in both ways you're basically spoiling the game for short-traders. Whales can't get out of their own dumps as easily and they can't reap as many coins during their pumps.

So, in the end you only care how much your coin is worth. As I said, you don't think long term. You can't ask for stability within a young market without proper distribution.

You are very wrong. This is not about pump and dump. Pumps and dumps are nothing but freemarkets. You are better with FIAT if you don't like pump and dumps, or with GOLD. Pumps and dumps are still creating distribution, which result in more healthy market.

To limit the volume in both ways is a BIG mistake. Yes you don't have your evil pump and dumps that everyone fear, but in the same time you won't have distribution.

Whales are no the problem my friend into this market right now. I invested around 50 BTC into this. Do you consider me a whale? I don't consider myself a whale. Whales are not a problem within a 400k marketcap coin. Whales starts to be a problem from 10m marketcap coin because they can damage the coin.

This volatility is generated by daytraders. This is a new kind of game.

In the past, the things worked differently. They changed the game.

- They are not pumping the markets with bots anymore, they are creating volatility and they are milking BTC out of the market. BUT this is working only on fresh markets with low distribution. That's why we don't see those 2-3x price increase after the ICO. Because the players don't make money like this anymore if everybody expects to dump for 2-3x ASAP after the ICO ends.

Believe me, a coin will die as soon as the distribution stops. With a pegging system so early present, the distribution will stop very fast. The tech will come, but new investors will not wait days to invest few BTC. They will look for another investment. And this is how you kill the coin.

Thanks for this info (I actually was going to ask how the heck it'd be so anyways lol)

[DiCE1904]

I don't understand why people first buy ICO without doing research and then complain about it. The current development situation is the same as it was during ICO. Sit down and relax. Buy your coins once everything is implemented even if it's not as cheap as now.

Edit: I strongly expect it goes to 130 within the next 24 hours if i watch the charts.

It'll reach over 300 by Friday. It's name of the game. Shake, Accumulate & Dump. Rinse & repeat. Let me be honest for a little bit and tell you that eventhough smart contract is released there are lot of things pending such Nighttrader, marketplace, whitelist. It's not even one month old and no magic would happen overnight. If you bought at ICO price..export your share to pen drive and forget about it so you're not tempted to sell when price hits 300. Obviously if you like day trading then by all means buy low sell high...You can do it for as long as you want until marketplace is launched but there isn't much profit in it on day to day basis and there are lot of other coins which will give you more profit in day trading. I could careless about 10% daily profit. If I wanted to day trade BitBay would be my last choice. Truth.

Bet you a BTC it doesnt hit 300 by friday.

Maybe we can use a smart contract 

[RJF]

David has mentioned that he would work on pegging sooner than later. That would automatically fix all this volatility issue. There is no Buy wall so price decline shouldn't be surprising at all. Anyone with small amount of BTC can float the boat any way he wants.

I would like to see what happens after 6 months of marketplace and pegging. Whatever happens before that doesn't concern me. My bay is stored in thumb drive 20 miles from here.  

Well, as a trader I'm not a big fan of the pegging actually... nor do I think the restricted liquidity will go over big necessarily.  However, it's a new concept - or more accurately a new combination of concepts - so I can't prove it won't be exactly what's needed.  On the other hand, I've seen way bigger losses (and gains thankfully) so this kind of action definitely doesn't spook me.  In any case, I'm here for the show - and like you, for the marketplace itself.  Regardless of what else is going on, and even if he has to do it all himself, if David can push things through to the marketplace release and that works to even a fraction of it's potential... then all will be quickly forgotten and forgiven.

On the other hand, with ever-expanding fantasies of the numerous bitter/burned investors, it will be hard for him to keep his head above the fray.  I do have faith that he can do it - he hasn't run away from BC to greener pastures, and he's worked and delivered on his past promises.  Maybe not the best situation at the moment, but you could be holding BALLS that were purchased at 20K which are worth around 200 sats now.  BAY would have to be selling for below 1 sat so see the same (and that's in the same time frame as well).

Thanks bud, yeah right now im just torn between doing pegging early to protect you guys or sticking to the schedule. Markets is the easier task, pegging is a bit more involved since it means adding mining rules. Im sort of preparing myself as we speak and studying bitcon/blackcoin source (its spagetti code lol).

And yeah ive got a major bithalo/blackhalo release to do too. That release would also effect bitbay as a wallet update.

Its one of those things where ive got lots of work piled on my desk and im deciding which ones are most important today.

My coders here in cambodia are still learning so they dont work on any major milestones(unfortunately it is really hard to find experienced software dev). I'm still doing all the coding. So with that said ive sent out my friend who works with me on all my Halo stuff to start scouting for a superdev not necessarily bitcoin related. And the guys are looking in china and im looking at India for another group.

Its just that even there, its a lot of interviewing i dont have time for and would rather be coding. So ive got my friend looking at it now and doing that for us in exchange for a bounty.

I, for one, think you should stick to the schedule. All this crap in this so called forum is meaningless if the tech works and the schedule stands. The price right now is what it is, a distraction for weak minds. The future is looking good and would rather you stay he course.

None of the damn complainers and FUDders and paid shills here have a clue nor do they care. I have real money in this project as do many others here and we want to see the tech succeed in the long term, not make a few dollars in the short term. It amazes me when I see these people whining about their "investments" While on the other hand, I can see where those who are new to the scene would worry with all the lies and crap being posted here so, I for one, will respect whatever decision you make and watch and wait. The others can watch and learn, but they should never, ever sell at a loss this early in the game.

Keep up the great work!

[Gizfreak]

Your signature says it all to me RJF 

[issie81]

David has mentioned that he would work on pegging sooner than later. That would automatically fix all this volatility issue. There is no Buy wall so price decline shouldn't be surprising at all. Anyone with small amount of BTC can float the boat any way he wants.

I would like to see what happens after 6 months of marketplace and pegging. Whatever happens before that doesn't concern me. My bay is stored in thumb drive 20 miles from here.  

Well, as a trader I'm not a big fan of the pegging actually... nor do I think the restricted liquidity will go over big necessarily.  However, it's a new concept - or more accurately a new combination of concepts - so I can't prove it won't be exactly what's needed.  On the other hand, I've seen way bigger losses (and gains thankfully) so this kind of action definitely doesn't spook me.  In any case, I'm here for the show - and like you, for the marketplace itself.  Regardless of what else is going on, and even if he has to do it all himself, if David can push things through to the marketplace release and that works to even a fraction of it's potential... then all will be quickly forgotten and forgiven.

On the other hand, with ever-expanding fantasies of the numerous bitter/burned investors, it will be hard for him to keep his head above the fray.  I do have faith that he can do it - he hasn't run away from BC to greener pastures, and he's worked and delivered on his past promises.  Maybe not the best situation at the moment, but you could be holding BALLS that were purchased at 20K which are worth around 200 sats now.  BAY would have to be selling for below 1 sat so see the same (and that's in the same time frame as well).

Thanks bud, yeah right now im just torn between doing pegging early to protect you guys or sticking to the schedule. Markets is the easier task, pegging is a bit more involved since it means adding mining rules. Im sort of preparing myself as we speak and studying bitcon/blackcoin source (its spagetti code lol).

And yeah ive got a major bithalo/blackhalo release to do too. That release would also effect bitbay as a wallet update.

Its one of those things where ive got lots of work piled on my desk and im deciding which ones are most important today.

My coders here in cambodia are still learning so they dont work on any major milestones(unfortunately it is really hard to find experienced software dev). I'm still doing all the coding. So with that said ive sent out my friend who works with me on all my Halo stuff to start scouting for a superdev not necessarily bitcoin related. And the guys are looking in china and im looking at India for another group.

Its just that even there, its a lot of interviewing i dont have time for and would rather be coding. So ive got my friend looking at it now and doing that for us in exchange for a bounty.

I, for one, think you should stick to the schedule. All this crap in this so called forum is meaningless if the tech works and the schedule stands. The price right now is what it is, a distraction for weak minds. The future is looking good and would rather you stay he course.

None of the damn complainers and FUDders and paid shills here have a clue nor do they care. I have real money in this project as do many others here and we want to see the tech succeed in the long term, not make a few dollars in the short term. It amazes me when I see these people whining about their "investments" While on the other hand, I can see where those who are new to the scene would worry with all the lies and crap being posted here so, I for one, will respect whatever decision you make and watch and wait. The others can watch and learn, but they should never, ever sell at a loss this early in the game.

Keep up the great work!

Amen!

[RJF]

David has mentioned that he would work on pegging sooner than later. That would automatically fix all this volatility issue. There is no Buy wall so price decline shouldn't be surprising at all. Anyone with small amount of BTC can float the boat any way he wants.

I would like to see what happens after 6 months of marketplace and pegging. Whatever happens before that doesn't concern me. My bay is stored in thumb drive 20 miles from here.  

Well, as a trader I'm not a big fan of the pegging actually... nor do I think the restricted liquidity will go over big necessarily.  However, it's a new concept - or more accurately a new combination of concepts - so I can't prove it won't be exactly what's needed.  On the other hand, I've seen way bigger losses (and gains thankfully) so this kind of action definitely doesn't spook me.  In any case, I'm here for the show - and like you, for the marketplace itself.  Regardless of what else is going on, and even if he has to do it all himself, if David can push things through to the marketplace release and that works to even a fraction of it's potential... then all will be quickly forgotten and forgiven.

On the other hand, with ever-expanding fantasies of the numerous bitter/burned investors, it will be hard for him to keep his head above the fray.  I do have faith that he can do it - he hasn't run away from BC to greener pastures, and he's worked and delivered on his past promises.  Maybe not the best situation at the moment, but you could be holding BALLS that were purchased at 20K which are worth around 200 sats now.  BAY would have to be selling for below 1 sat so see the same (and that's in the same time frame as well).

Personally, I don't think pegging is needed for now but if you want new investors (long term ones) then pegging will need to be in place otherwise lot of people won't touch it because of volatility.

I think there aren't many good devs in crypto and David is torn between smart contract & pegging. He has lot on his table and it's not easy to find someone reliable who knows the stuff.

On other hand I don't think BitBay team is just running around to make profit so they can run away if that had been the case there is no reason for them to post anymore. All in all if BitBay turns out to be a scam which I don't think it is..people will end up losing faith in altcoins in general and it'll be dead in few years.

The point is, im very consistent with my word. However, im trying to decide if its better sooner than later. I dont like what im seeing either, and unless you guys have the patience to bear this issue.

If anything its very distracting. In order to work and focus even, i need to block it out of my head. I can either follow the schedule that was set or just shift gears. Its not the kind of thing you can rush either.

Here is my suggestion:

Fck everyone who is crying about price and wants to peg it. Focus on smart contract for now and once we have that sorted out then we have marketplace. After that we can worry about pegging depends on the response we get from marketplace. Pegging should be last of our concern at this moment. Let it fall to 1 sat and let the weak hands drown in their own tears. You can't make everyone happy.

You have full support of lot of people in this thread who could careless about pegging including me.

Yeah but i get lots of messages from people nagging me about it. I try explaining that i dont control bitbay, i only control the tech end of things.

So yeah i know what you mean about this. I'm ok with it either way.

Nobody should have bought BitBay without reading the OP and the website. A time line was laid out and there was no mention of changing it due to idiot FUDders, dreamers and those who generally don't understand what they spent their lunch money on. So again, lets stick to it if possible.

[Decentradical]

You are very wrong. This is not about pump and dump. Pumps and dumps are nothing but freemarkets. You are better with FIAT if you don't like pump and dumps, or with GOLD.

I agree. And that's the point of pegging. To make it more attractive to merchants rather than traders. But your assumption that this creates more distribution:

Pumps and dumps are still creating distribution, which result in more healthy market.

Is unsubstantiated. During the decline of Dogecoin over this summer the wallet inequality INCREASED which means the distribution lowered.

To limit the volume in both ways is a BIG mistake. Yes you don't have your evil pump and dumps that everyone fear, but in the same time you won't have distribution.

It will happen at a slower rate but the distribution will be more sustainable as there will be less incentive for shake-downs or hype bubbles. Any type of distribution (be it more wallet equality or less equality) achieved through manipulation is completely transient and you'll end up waiting longer for sustained stability.

Whales are no the problem my friend into this market right now. I invested around 50 BTC into this. Do you consider me a whale? I don't consider myself a whale. Whales are not a problem within a 400k marketcap coin. Whales starts to be a problem from 10m marketcap coin because they can damage the coin.

The more money you have the more control you have over an unpegged market. When you try to exert that kind of control over a pegged market everything moves slower and your moves become more clear. This means that everyone else can respond to it appropriately.

[amytheplanarshift]

BTC/BAY has nearly triple the volume of any other coin on Bittrex... That's something to keep in mind even if the price is low. I am happy where we are as an investor, personally.

yeah, which is mostly fake. no sugarcoating things please. Let's be real with things around here.

Fine, let's be "real". You have not a single clue that any of the volume is "fake" and you are just talking out of your ass. Some of the volume might be, and it might not be at all. You have literally no way of knowing so you cannot come in here and state it as fact and act like you know everything when you are just spouting off a bunch of ignorant, factless claims.

[RJF]

I don't understand why people first buy ICO without doing research and then complain about it. The current development situation is the same as it was during ICO. Sit down and relax. Buy your coins once everything is implemented even if it's not as cheap as now.

Edit: I strongly expect it goes to 130 within the next 24 hours if i watch the charts.

Most, if not all, the "people" complaining here hold no BitBay. Some of them are posting from numerous accounts and most are being told what to say. They are not worth the time it takes to answer their garbage posts. I knoiw it's hard to ignore, I've been caught up in a few myself but, thats human nature.

So, focus on the future, keep yourself informed on the actual development and let the rest go, it's not worth your time.
 

[DiCE1904]

I don't understand why people first buy ICO without doing research and then complain about it. The current development situation is the same as it was during ICO. Sit down and relax. Buy your coins once everything is implemented even if it's not as cheap as now.

Edit: I strongly expect it goes to 130 within the next 24 hours if i watch the charts.

Most, if not all, the "people" complaining here hold no BitBay. Some of them are posting from numerous accounts and most are being told what to say. They are not worth the time it takes to answer their garbage posts. I knoiw it's hard to ignore, I've been caught up in a few myself but, thats human nature.

So, focus on the future, keep yourself informed on the actual development and let the rest go, it's not worth your time.
 

Most, if not all, the "people" here are shill accounts

[RJF]

Not enough transparency. If things are left to the imagination you can't really blame people for using their...imagination.

That's true and for me David is certainly not to blame of being not transparent. No, for me it's the BitBay Team, that I only see moderating this thread and for the rest depending on their lead developer to do some PR. They should do the talking and just let the developers do their job, which is...well...developing.

Well I agree, but there's one problem with that whole thing, to me it looks like the Bay has a broken wallet situation.  Can't PR a situation that ain't getting fixed. The working wallet was supposed to be out by now, and meanwhile instead of dev work 24/7 to get that wallet fixed all i been seeing is dev spending half the day flaming the net the other half hooking up with his BC homies on some campaign to get him elected dev of the year. Halo shill accounts keep posting vote for david z and whatnot. So marketing is getting done, just not the right kind, and by the wrong people, at the wrong time, for the wrong outcome.

You need more cats...

[Kevinrasf]

Nobody should have bought BitBay without reading the OP and the website. A time line was laid out and there was no mention of changing it due to idiot FUDders, dreamers and those who generally don't understand what they spent their lunch money on. So again, lets stick to it if possible.

Enough said here.

Read the OP before you invest and do not start bitching afterwards.

Crypto Etiquette,!

[Decentradical]

Bitbay is right on schedule as far as the roadmap is concerned. They promised a functional wallet and smart contracts, they delivered a functional wallet and smart contracts. Nothing more but certainly nothing less.

[RJF]

Your signature says it all to me RJF 

Thx. We are somewhere between laughing and fighting... 

[awais3344_1]

BTC/BAY has nearly triple the volume of any other coin on Bittrex... That's something to keep in mind even if the price is low. I am happy where we are as an investor, personally.

yeah, which is mostly fake. no sugarcoating things please. Let's be real with things around here.

Fine, let's be "real". You have not a single clue that any of the volume is "fake" and you are just talking out of your ass. Some of the volume might be, and it might not be at all. You have literally no way of knowing so you cannot come in here and state it as fact and act like you know everything when you are just spouting off a bunch of ignorant, factless claims.

factless? get a dictionary you fool before you go around abusing people. Shows your level of intel and mentality altogether. Any kid from the block can tell the fucking volume is fake as fuck. Go learn to read a chart and "market history" that bittrex provides for free for your education.