BitBay OFFICIAL BITBAY Thread Smart Contracts Decentralized Markets Rolling Peg

[a29654]

I was reading on the main website that bitbay will be pegged to $1 us dollar.

Can anyone confirm?

If this is true why would anyone sell off their coins at this price?

[DutchCoiner]

I was reading on the main website that bitbay will be pegged to $1 us dollar.

Can anyone confirm?

If this is true why would anyone sell off their coins at this price?

You mean 1 BIT = 1 USD? 

[XxOtakuXx]

I was reading on the main website that bitbay will be pegged to $1 us dollar.

Can anyone confirm?

If this is true why would anyone sell off their coins at this price?

You mean 1 BIT = 1 USD? 

Yep! it is true.

[a29654]

I was reading on the main website that bitbay will be pegged to $1 us dollar.

Can anyone confirm?

If this is true why would anyone sell off their coins at this price?

You mean 1 BIT = 1 USD? 

Yep! it is true.

Yeah, I read that on their main site.

Do not understand why anyone would sell now

[cryptohunter]

I was reading on the main website that bitbay will be pegged to $1 us dollar.

Can anyone confirm?

If this is true why would anyone sell off their coins at this price?

You mean 1 BIT = 1 USD?  

Yep! it is true.

Yeah, I read that on their main site.

Do not understand why anyone would sell now

It will take time for it to be pegged at 1 dollar since the pegging is not finished yet. I think near the end of the year david said.


I think people are selling just to take profit and get in lower again. This is risky though because the moves are getting bigger and faster now so more risk of having to buy back at a big loss to stay on this train.

[Munti]

I was reading on the main website that bitbay will be pegged to $1 us dollar.

Can anyone confirm?

If this is true why would anyone sell off their coins at this price?

You mean 1 BIT = 1 USD? 

Yep! it is true.

Yeah, I read that on their main site.

Do not understand why anyone would sell now

BitBay will have a rolling peg -not a fixed one. So think of it as a stabilizer because that is what it will be. It is very possible that it could be $1 at some point, but it can also be higher or lower.
Do a search on pegging in this thread, and you will find a lot of posts discussing our peg.

[cryptohunter]

How much do you think is bitbay's value once it gets the attention of new investors apart from the you guys?
I haven't bought more yet but would like to know more of the potential. Its marketcap is getting huge but I don't see any updates of the development.

There is a lot of development going on. I would join slack to get the full knowledge of that.

David is a workaholic so he is always improving and testing testing testing bitbay. I know the features list of bay is quite astounding but that is nothing still to what is coming. He seems to be able to design and code out pretty much anything.

[dzimbeck]

Realize that parts of the supply get frozen to enforce that peg... which means a portion of your funds may be worth $1 and the rest are frozen and can traded in a 1 month time lock at a discount.

So yes we can force a dollar this way and make it completely FAIR to all users. By controlling supply using votes and freezing... we already have the voting as proved by the recent vote to increase the stake %

Because the peg can roll price can be forced to be equal to above or below volume essentially forcing any price in a totally decentralized way.

So yeah... there is a reason I don't sell my coins. And a lot of the core investors who have been here for years feel the same. It should be done within this year hopefully and there will be lots of cool updates along the way.

[Zontop]

I saw discussion about this concept of locked fund for certain time and reading more to understand well that how it actually works and everything related to this. The way Bitbay is progressing it is impressive and today we are experiencing nice appreciation in market as well. I am reading all your posts about others projects as well. You are doing great work.

[dzimbeck]

I saw discussion about this concept of locked fund for certain time and reading more to understand well that how it actually works and everything related to this. The way Bitbay is progressing it is impressive and today we are experiencing nice appreciation in market as well. I am reading all your posts about others projects as well. You are doing great work.

Actually... in the next update within a month or so, you will be able to "park/freeze" your funds. So you can already simulate the experience of seeing it in the user interface. But that feature will only be used to slow down frozen funds and the actual rolling peg client is a lot more complex.
But this will give the users time to experiment with these new types of payments.

[Red_Sanford]

Could someone explain to me the reason behind the rise of this since the beginning of the year ? I have just recently found out about bitbay and it sounds very promising. I am familiar with the concepts just not the releases and updates. Want to invest but don't want to jump in at the wrong time

[4emily]

I have a sneaking suspicion that BAY will be added to Polo with PIVX and ARK after the scheduled delisting.

So I'm HODLing 

my thoughts exactly, at least as regards BAY re which I removed a sell order...just in time!

[R-J-F]

Could someone explain to me the reason behind the rise of this since the beginning of the year ? I have just recently found out about bitbay and it sounds very promising. I am familiar with the concepts just not the releases and updates. Want to invest but don't want to jump in at the wrong time

If you are familiar with the concepts then we only need to talk about timing. As you can see, BAY is steadily gaining value and market share. Indicators are that this will continue to increase as more people discover BAY. Also, the coming updates will add more value to staking profits and, introduce, later this year, the rolling "Peg" as I'm sure you have read about.

I would say, without reservation, that the time to get in is NOW unless you want to pay a higher price as time goes on. This project is real, no fantasy promises or "pie in the sky" dreams, BAY is real and will deliver even more in the future.

We have a great community, many of us have been here since the beginning, a committed Dev with proven technical/coding credentials (Bithalo, Smart Contracts) so, I wouldn't wait too long but, that is up to you now isn't it?  

[cryptohunter]

polo will be great for bay and get us more coverage and a wider market. However, it is not make or break for a project like bitbay. There is too much on offer here when completed. People will need to go where ever they can to get/use bay whether it be polo trex coinbase or their local store, the app store whatever. Bay when completed it is  larger than the crypto sphere we have now.. it will be of use to every person on the planet that wants to trade or barter just about anything you can think of. There is probably more uses for a completed bitbay marketplace with build your own script addons than we can probably imagine at this stage.

However, yes polo will be another good thing for bay for sure.

[Munti]

Could someone explain to me the reason behind the rise of this since the beginning of the year ? I have just recently found out about bitbay and it sounds very promising. I am familiar with the concepts just not the releases and updates. Want to invest but don't want to jump in at the wrong time

Because you are not the only one that has recently heard about Bay
Focus has been and is on development, but we have started marketing a little the last 3-4 months. More to come...

[Bee Cho Chen]

polo will be great for bay and get us more coverage and a wider market. However, it is not make or break for a project like bitbay. There is too much on offer here when completed. People will need to go where ever they can to get/use bay whether it be polo trex coinbase or their local store, the app store whatever. Bay when completed it is  larger than the crypto sphere we have now.. it will be of use to every person on the planet that wants to trade or barter just about anything you can think of. There is probably more uses for a completed bitbay marketplace with build your own script addons than we can probably imagine at this stage.

However, yes polo will be another good thing for bay for sure.

If this is a semi-response to me, I fully agree with you. However, I see getting on Polo as a type of free marketing which would also increase the volume and price of BAY. It could only benefit us. In my mind, it is just a no brainer to get on there. But yeah, I agree. This project will succeed either way, with or without Polo.

[cryptohunter]

polo will be great for bay and get us more coverage and a wider market. However, it is not make or break for a project like bitbay. There is too much on offer here when completed. People will need to go where ever they can to get/use bay whether it be polo trex coinbase or their local store, the app store whatever. Bay when completed it is  larger than the crypto sphere we have now.. it will be of use to every person on the planet that wants to trade or barter just about anything you can think of. There is probably more uses for a completed bitbay marketplace with build your own script addons than we can probably imagine at this stage.

However, yes polo will be another good thing for bay for sure.

If this is a semi-response to me, I fully agree with you. However, I see getting on Polo as a type of free marketing which would also increase the volume and price of BAY. It could only benefit us. In my mind, it is just a no brainer to get on there. But yeah, I agree. This project will succeed either way, with or without Polo.

Hi, no I wasn't really replying to anyone specifically, but i was just saying I of course hope polo does add bitbay i mean why would it not. But if they didnt I think bay is going to go where we intend it to go anyway. Polo would be a nice leg up though for sure.

[Sharma]

is bitbay available on bittrex?I want to buy,where can I buy?

[cryptohunter]

is bitbay available on bittrex?I want to buy,where can I buy?

yes bittrex

ticker

bay

500k volume today....people are waking up to bay

[Anduril_FotW]

Would be very cool if Polo decides to add BAY !!
But even without Polo BAY will be very big. Still thanking the guy that approached me in the SYS thread to inform me about BAY a few months ago !!!