BitBay OFFICIAL BITBAY Thread Smart Contracts Decentralized Markets Rolling Peg

[deluxeCITY]

Hit that sell off just right on bittrex! Had about 6 buy orders in the lower 100's

There goes another million off the exchange until the coin get's pegged!!

Nice! The more get of the exchange the better I am doing similar luckily i had a few million in very cheap to balance the first hi buy in  Now it has evened out lovely and the price is rising nice and steady which is what i think is great news we don't want it flying to 200-300+ sat at once then crashing back down. Slow natural growth is awesome to see.
 

What's the deal with Crave?  Why is everyone buying that and not the amazing Bitbay?

We are in what is very similar to a penny stock market. So people only buy into new coins that they will of course quickly sell. Pump and dump groups will make new coins because its easier to promise features than deliver and i think investors buy in because they want to gamble. I wish that investors wouldnt make it so easy for pump and dump groups to sell new coins. Of course they should be investing in coins with real developement behind them but its not the case. Perhaps if the market matures that will change.

This is exactly what the pegging system is going to (try) to solve. Its way too easy to start a new coin and some investors are not thinking about which coins will survive a year from now. Its sad but its true, the majority of the crypto space doesnt care about tech, only money. However, once we give them tools like these markets etc, the hope is eventually people will realize that coins are much more than speculative assets.

This is a good description of the market we are in the penny stock where it is easily manipulated and hyped up to be something great when the majority of the stocks will crash as fast as they was raised.

Again you hit it on the head very easy for them to hype up a coin telling that moon is coming with major awesome development the price rockets and the development never comes 

Investors are like you say  only in it for a few extra dollars when the 'real' tech' and everyday uses of some gets ignored that is sad and i do hope that changes soon, once they realise it is only about the tech the profit is meaningless to begin unless you are greedy type of person.

How is the pegging going, Is that now in development?

 

[fragORA]

As a holder of bitbay from the start, its nice to see all the positive posts recently. I havnt downloaded the new client yet and only have the QT wallet. One question though about the new marketplace, how does it differ or improve on emunies (EMU) marketplace?

[toknormal]

There seems to be far more liquidity for Bitbay on Bittrex than BTER.

There are 'proper' bids (like in the 1st decimal place BTC) right up to 150 whereas BTER's doesn't reach much past the 100 level.

Maybe it's because there's more volume on Bittrex and people just aren't bothering to bit on BTER cos they can't get any.

[Munti]

There seems to be far more liquidity for Bitbay on Bittrex than BTER.

There are 'proper' bids (like in the 1st decimal place BTC) right up to 150 whereas BTER's doesn't reach much past the 100 level.

Maybe it's because there's more volume on Bittrex and people just aren't bothering to bit on BTER cos they can't get any.

Might be a trust issue as well. I know for sure that I will not deposit any btc on Bter before I get back the btc I had there.

[3r197]

There seems to be far more liquidity for Bitbay on Bittrex than BTER.

There are 'proper' bids (like in the 1st decimal place BTC) right up to 150 whereas BTER's doesn't reach much past the 100 level.

Maybe it's because there's more volume on Bittrex and people just aren't bothering to bit on BTER cos they can't get any.

Might be a trust issue as well. I know for sure that I will not deposit any btc on Bter before I get back the btc I had there.

I was just about to say the same thing. BTER, or anyone else that get's hacked needs a lot of "proof of change" protocol to be implemented before I decide to redeposit any coin on it - no matter if it's BTC or Flappy.

[dzimbeck]

There seems to be far more liquidity for Bitbay on Bittrex than BTER.

There are 'proper' bids (like in the 1st decimal place BTC) right up to 150 whereas BTER's doesn't reach much past the 100 level.

Maybe it's because there's more volume on Bittrex and people just aren't bothering to bit on BTER cos they can't get any.

Might be a trust issue as well. I know for sure that I will not deposit any btc on Bter before I get back the btc I had there.

I was just about to say the same thing. BTER, or anyone else that get's hacked needs a lot of "proof of change" protocol to be implemented before I decide to redeposit any coin on it - no matter if it's BTC or Flappy.

Honestly, i dont trust exchanges anymore. I would recommend put your money on, make the trade and withdraw immediately. I'm going to trade on my own decentralized exchange because im not a professional trader so personally dont care for super fast trading. Security is more important than speed or good charting.

FYI, Flappy is a good coin! Maybe we should make FlappyHalo.

[3r197]

There seems to be far more liquidity for Bitbay on Bittrex than BTER.

There are 'proper' bids (like in the 1st decimal place BTC) right up to 150 whereas BTER's doesn't reach much past the 100 level.

Maybe it's because there's more volume on Bittrex and people just aren't bothering to bit on BTER cos they can't get any.

Might be a trust issue as well. I know for sure that I will not deposit any btc on Bter before I get back the btc I had there.

I was just about to say the same thing. BTER, or anyone else that get's hacked needs a lot of "proof of change" protocol to be implemented before I decide to redeposit any coin on it - no matter if it's BTC or Flappy.

Honestly, i dont trust exchanges anymore. I would recommend put your money on, make the trade and withdraw immediately. I'm going to trade on my own decentralized exchange because im not a professional trader so personally dont care for super fast trading. Security is more important than speed or good charting.

FYI, Flappy is a good coin! Maybe we should make FlappyHalo.

I know...  I shouldn't have knocked Flappy. Looks like they are on a rebound. http://coinmarketcap.com/currencies/flappycoin/

I'd love to see this trustless decentralized coin exchange. God knows there's a huge demand for it! Can't wait to see it built into the client 

[funsponge]

if you do make flappyhalo please let me know before you announce it so i can buy a few million ;-)

[solid12345]

Personally I think Crave is the real deal but it has its niche, Bitbay will have its own. Bitbay will be more mainstream and less dark market oriented and if the pegging can work will provide stability in an unstable market.

[hossy]

Nice bitbay into top 50 in marketcap moving along nice and steadily

[rqdxrocket]

Thanks for the 100 reputation points on the Bitbay market, whomever gave them to me :-)

Thanks

[dzimbeck]

Thanks for the 100 reputation points on the Bitbay market, whomever gave them to me :-)

Thanks

That was me, anyone with a moderator key can boost reputation of users for posting and good behavior. However the system is funny because only the people who "see me give you points" will keep the record of it. There isnt a blockchain so only peers keep data about what they see. But this is just like the real world. We judge others by what we personally witness not by what others tell us about them. So the hope is peoples ratings will spike naturally.

Currently anyone who connected in the last week will record the points and the core team knows. Any new users will still see you as new. The other thing i was going to add to this reputation system is that you can keep track of completed orders. And other nodes can (independently) verify your reputation by researching you on the blockchain! If they see that your wallet was only involved in good transactions, they will automatically rate you. If they see your wallet was involved in destroyed escrows, the system can warn them.

[dzimbeck]

Nice bitbay into top 50 in marketcap moving along nice and steadily

Just wait until this is totally finished with hedging in its commercial phase

[toknormal]

Personally I think Crave is the real deal

That was at 2:05 pm.

At 7:30 pm the "real deal" looked like this, LoL.....



...more "squeal" than "deal" I think  

[funsponge]

Personally I think Crave is the real deal

That was at 2:05 pm.

At 7:30 pm the "real deal" looked like this, LoL.....



...more "squeal" than "deal" I think  

i know how they feel. Been there myself on 2 occasions. I'm so please with myself I saw this coming. One group (bobs?) must have owned LOTS of the Crave and just decided enough was enough.
Slow and steady wins the race.

[dzimbeck]

Personally I think Crave is the real deal

That was at 2:05 pm.

At 7:30 pm the "real deal" looked like this, LoL.....



...more "squeal" than "deal" I think  

i know how they feel. Been there myself on 2 occasions. I'm so please with myself I saw this coming. One group (bobs?) must have owned LOTS of the Crave and just decided enough was enough.
Slow and steady wins the race.

Who knows, maybe they tricked the crave devs(i know the feeling lol) or maybe the crave dev is only a copy+paste dev. I saw his commits on their github. So far it looks like that they can manage to bring in some changes. They did in fact make updates to their source. But bringing in core Bitcoin changes is nothing compared to designing markets or wallets from scratch. This is why im only bullish on coins that were written from scratch. SDC does good work, I see that BitShares did some good work... coins with dedicated devs are the ones that should be supported.

Also its important to look at dev history. Do they just burn out and cash out? Can the dev stay with the community during hard times? I'm still doing Blackcoin work and BitBay work and will do so until the software is up to our standards regardless of market conditions. Peter Todd is a dev to keep an eye on, the guys from Notary Chains (Paul Snow etc). Lots of good devs in the lurch.

But seriously, a coin that comes out of nowhere, pays a signature campaign with fake Bitcointalk accounts (like Bitbay was bombarded with), pumps 10x overnight, doesn't release anything significant to justify the increase other than core commits, is clearly a pump and dump. Who wouldnt sell in this position? 300K volume? In this bear market with BTC at 230? Fake volume is a common trick of these groups. SDC did the same thing without a market released, just a screenshot. But it was a good time to sell. I watched to bots move orders around on Poloniex... its interesting.

People dont need to gamble on those coins. However, someone just told me "they just ride the waves". Unfortunately, you cant predict when a group is going to sell and if its a pump group, they will sell on their own group.

[3r197]

Personally I think Crave is the real deal

That was at 2:05 pm.

At 7:30 pm the "real deal" looked like this, LoL.....



...more "squeal" than "deal" I think  

i know how they feel. Been there myself on 2 occasions. I'm so please with myself I saw this coming. One group (bobs?) must have owned LOTS of the Crave and just decided enough was enough.
Slow and steady wins the race.

Who knows, maybe they tricked the crave devs(i know the feeling lol) or maybe the crave dev is only a copy+paste dev. I saw his commits on their github. So far it looks like that they can manage to bring in some changes. They did in fact make updates to their source. But bringing in core Bitcoin changes is nothing compared to designing markets or wallets from scratch. This is why im only bullish on coins that were written from scratch. SDC does good work, I see that BitShares did some good work... coins with dedicated devs are the ones that should be supported.

Also its important to look at dev history. Do they just burn out and cash out? Can the dev stay with the community during hard times? I'm still doing Blackcoin work and BitBay work and will do so until the software is up to our standards regardless of market conditions. Peter Todd is a dev to keep an eye on, the guys from Notary Chains (Paul Snow etc). Lots of good devs in the lurch.

But seriously, a coin that comes out of nowhere, pays a signature campaign with fake Bitcointalk accounts (like Bitbay was bombarded with), pumps 10x overnight, doesn't release anything significant to justify the increase other than core commits, is clearly a pump and dump. Who wouldnt sell in this position? 300K volume? In this bear market with BTC at 230? Fake volume is a common trick of these groups. SDC did the same thing without a market released, just a screenshot. But it was a good time to sell. I watched to bots move orders around on Poloniex... its interesting.

People dont need to gamble on those coins. However, someone just told me "they just ride the waves". Unfortunately, you cant predict when a group is going to sell and if its a pump group, they will sell on their own group.

Bitbay is an anti-shark cage! Invest with confidence!!

https://www.youtube.com/watch?v=ekaKL218q_s

Note: Richard Dreyfuss survived the movie!

[solid12345]

Personally I think Crave is the real deal

That was at 2:05 pm.

At 7:30 pm the "real deal" looked like this, LoL.....

Yea because it's not like alot of people didn't get hosed buying Darkcoin at $15 only to see it plummet down to a dollar last year...

[bitrev]

Let's be honest. Bitbay was dead too.

But the P & D faced a professional. David, I gave up on him, did challenged him and won. Bay alive at 140 gave me much experience.

New coins at above 1k with only a wallet vs Bitbay with David.

I know which team I support. We went to 30, currently we are @ 140 (support). Let's hope it goes back to 100 and we can stock

[blacktea286]

Bitbay too little publicity, and in bter a bad reputation, although it has improved. Few people like it