Bitstake/XBS DISCONTINUED

[brightlight]

so what time are things going live?

It depends on the News Release. Due to the elections, they had to wait to Tuesday morning to pay. It is only 3am currently in Nigeria. There is an outside chance the launch could be delayed 2-3 days - because of the recent elections. They will see tomorrow. It is important to launch with the people (Nigerians). Not, without them... It does not matter if they launch tomorrow, the next day, or Friday. The price will be determined by the demand for their services and from what my research tells me, in 2-3 months this will be a $50mill+ coin. Maybe, a lot more.

Get on the Slack channel. The Dev and the CEO are there. PM the dev to get the channel.

Piece of advice. Do not try to day trade this. Lock up your coins and forget about them.

 

then an obvious launch tomorrow is what is needed then if it doesn't really matter


we need investor confidence here too. stick to your deadlines

They have met every deadline.

However, the election has always been a factor. This was clearly and thoroughly discussed on the Slack Channel by the CEO and Dev to all investors. The count was delayed, violence feared, etc... If you have read a paper and been on Slack you would be more informed. They met the deadlines for the website, Beta test, features, videos, etc... launching is a different animal and must be done properly. You do not launch during a protest no more then you would during 9-11. If you are not informed, then you are not on Slack. The "Real" investors are quite confident and we are ready to take any all your XBS off your hands. As of this moment, nothing has been delayed. And, if they do delay it 2-3 days, who cares? The value comes from the Platform and utility not a few Bittrex day traders.

+1

Value is manipulated (Bob?). Those small by orders are kept to distort orders pie chart, to fool people into selling. Yeah, and those are just bittrex daytraders games. Value can change in minutes as we know.

I 100% agree. They are trying to manipulate but they are losing. There are not a lot of coins on the market at the moment and the few hands are not that weak. But, this only a few BTC. But, someone is taking a small loss. They will lose about 25% of their stack trying to buy back in. This is not going to be a day trading coin, IMO. Sure, you can get lucky a few times, but you can really get burned. Best to buy and hold.

For the first time since BTC, investors actually have a metric to determine the price of the Coin. They can measure the value in Utility. For instance, if Bitstakes gets 1% of the Remittance Marketshare that could equal a $200-400mill mkcp.  This is going to be awesome.

So, is it possible that 1XBS will be near-equal to 1BTC at current price?

[DrMikefromHashtag]

As far as XBS reaching or surpassing BTC price, as crazy as it sounds, the potential is there. Everything depends on the Dev and his team. So far they are doing very WELL and going above beyond in most aspects. (Do not quote me. I am just saying what is possible)

How do I come up my "possible" valuation:

1. 170million people. Nigeria has half the population of the US.
2. $21,000,000,000 in Remittance, annually. Currently they pay middle men 12-20% to transfer this money. Bitstake can will do it for less than 1%. That is the easiest sell in the world.
3. Unbanked. Limited options and a "real" need. Bitstake is providing a real service that is helping these people for the better.
4. The business model has already proved hugely successful in other countries in Africa. These competitors did not have 1/10 the services. They only had BTC.
5. The Dev has a ground team and a great marketing plan (Give aways, promotions, etc...)
6. The Dev and CEO know the needs of the people and are providing them those needed services.
7. Bitstake is not just a coin waiting to be used "someday" like the rest. It is part of a Platform. The plans for the platform are mind-blowing. A market place, gift cards, a means for paying for services.... all coming soon.
8. It will only take about 1% of the Remittance market to give this coin a $ billion market cap. That could happen in months. The only obstacle is educating the general population. Which the videos will be huge.

Yeah. The potential is there. Just Buy 1% or more and just sit back for a few months !!

[brightlight]

As far as XBS reaching or surpassing BTC price, as crazy as it sounds, the potential is there. Everything depends on the Dev and his team. So far they are doing very WELL and going above beyond in most aspects. (Do not quote me. I am just saying what is possible)

How do I come up my "possible" valuation:

1. 170million people. Nigeria has half the population of the US.
2. $21,000,000,000 in Remittance, annually. Currently they pay middle men 12-20% to transfer this money. Bitstake can will do it for less than 1%. That is the easiest sell in the world.
3. Unbanked. Limited options and a "real" need. Bitstake is providing a real service that is helping these people for the better.
4. The business model has already proved hugely successful in other countries in Africa. These competitors did not have 1/10 the services. They only had BTC.
5. The Dev has a ground team and a great marketing plan (Give aways, promotions, etc...)
6. The Dev and CEO know the needs of the people and are providing them those needed services.
7. Bitstake is not just a coin waiting to be used "someday" like the rest. It is part of a Platform. The plans for the platform are mind-blowing. A market place, gift cards, a means for paying for services.... all coming soon.
8. It will only take about 1% of the Remittance market to give this coin a $ billion market cap. That could happen in months. The only obstacle is educating the general population. Which the videos will be huge.

Yeah. The potential is there. Just Buy 1% or more and just sit back for a few months !!

If everything will work out, then current trades are just childish games. Every single coin and it's part will be as valuable as bitcoin atm

[felixtheone]

Yes every serious investor (not trader) must hold onto their xbs and just wait, if everyone holds then the price rises. Bitstake is better than Bitcoin has less number of coins so therefore has potential to be higher in value. Hold onto your XBS people or you will be very sorry in the future

[Master mind]

Yes every serious investor (not trader) must hold onto their xbs and just wait, if everyone holds then the price rises. Bitstake is better than Bitcoin has less number of coins so therefore has potential to be higher in value. Hold onto your XBS people or you will be very sorry in the future

I think it will be a huge missed opportunity to purchase cheap XBS.

[brightlight]

Yes every serious investor (not trader) must hold onto their xbs and just wait, if everyone holds then the price rises. Bitstake is better than Bitcoin has less number of coins so therefore has potential to be higher in value. Hold onto your XBS people or you will be very sorry in the future

I think it will be a huge missed opportunity to purchase cheap XBS.

Lest's buy pizzas with XBS 

[felixtheone]

Alot of people missed out on Bitcoin in the early days but the patterns are the now the same with Bitstake and yet people will not learn, go and look at Bitcoins price chart for past 5 years, Bitstake is better than Bitcoin its just that its new and less known at this moment, as i did read earlier dont be like the guy who sells 10000 BTC for a Pizza.

[brightlight]

Alot of people missed out on Bitcoin in the early days but the patterns are the now the same with Bitstake and yet people will not learn, go and look at Bitcoins price chart for past 5 years, Bitstake is better than Bitcoin its just that its new and less known at this moment, as i did read earlier dont be like the guy who sells 10000 BTC for a Pizza.

Daytraders are interested in quick profit. And I think price is kept down artificially.

[clovis A.]

Yes every serious investor (not trader) must hold onto their xbs and just wait, if everyone holds then the price rises. Bitstake is better than Bitcoin has less number of coins so therefore has potential to be higher in value. Hold onto your XBS people or you will be very sorry in the future

I think it will be a huge missed opportunity to purchase cheap XBS.

Lest's buy pizzas with XBS 

Great idea brightlight!!!.....but instead of buying 1 pie for 10,000 XBS, how bout we sit on our coins a little longer and buy 10,000 pie's with 1 XBS


NWweight:14,334

[brightlight]

Yes every serious investor (not trader) must hold onto their xbs and just wait, if everyone holds then the price rises. Bitstake is better than Bitcoin has less number of coins so therefore has potential to be higher in value. Hold onto your XBS people or you will be very sorry in the future

I think it will be a huge missed opportunity to purchase cheap XBS.

Lest's buy pizzas with XBS  

Great idea brightlight!!!.....but instead of buying 1 pie for 10,000 XBS, how bout we sit on our coins a little longer and buy 10,000 pie's with 1 XBS


NWweight:14,334

Yeah, great idea!  

Ok, let's be serious... The price can go as high as 200k soon. 1mlj market cap is nothing not achievable with such a good project.

[Glamorous Fighter]

It sounds very good, progressive and easy services. I am real interested!

[Ninja Trader]

Looking good in here
very low coin count for the works and project about to infold
If XBS even gets a fraction of the annual remittance market this coin will easily be over 250K sats
Shit I pushed Crypt and Key off of just hype and roadmap well into the 150-200K range with similar coin count - this coin is actually doing something innovative and different
buy - hodl - profit
fair warning - this looks ready to pump hard

[crypto research]

Looking good in here
very low coin count for the works and project about to infold
If XBS even gets a fraction of the annual remittance market this coin will easily be over 250K sats
Shit I pushed Crypt and Key off of just hype and roadmap well into the 150-200K range with similar coin count - this coin is actually doing something innovative and different
buy - hodl - profit
fair warning - this looks ready to pump hard

https://www.youtube.com/watch?v=mJ5k6udvyec

[DrMikefromHashtag]

Looking good in here
very low coin count for the works and project about to infold
If XBS even gets a fraction of the annual remittance market this coin will easily be over 250K sats
Shit I pushed Crypt and Key off of just hype and roadmap well into the 150-200K range with similar coin count - this coin is actually doing something innovative and different
buy - hodl - profit
fair warning - this looks ready to pump hard

What fraction are you talking about?

The Remittance Market of Nigeria is $21,000,000,000 and you are saying "IF" Bitstakes get's a fraction:

1% = $210,000,000 = .65 BTC or 65,000K
1/10 of 1% = 1/1000 = $21,000,000  = 6,500K
1/100 of 1% = 1/10,000 = $2,000,000 = 650K

You are stating 250K (let's say 325K to keep the math simple)

1/200 of 1% = 1/20,000 = $1,000,000 = 325K sats

So, you are saying if Bitstakes gets approximately 1/30,0000 of the Remittance market the coin will be 250K sats? I think you need to think bigger. BitPesa got almost 1% of Kenya's in the first few months, just using BTC and no platform.


Lastly, there is no "PUMP". There is only Revenue and MarketShare. That is the price of this coin. Bittrex day traders will not determine the price. We strong hands are slowly stealing all their coins, anyways.

[Ninja Trader]

Looking good in here
very low coin count for the works and project about to infold
If XBS even gets a fraction of the annual remittance market this coin will easily be over 250K sats
Shit I pushed Crypt and Key off of just hype and roadmap well into the 150-200K range with similar coin count - this coin is actually doing something innovative and different
buy - hodl - profit
fair warning - this looks ready to pump hard

What fraction are you talking about?

The Remittance Market of Nigeria is $21,000,000,000 and you are saying "IF" Bitstakes get's a fraction:

1% = $210,000,000 = .65 BTC or 65,000K
1/10 of 1% = 1/1000 = $21,000,000  = 6,500K
1/100 of 1% = 1/10,000 = $2,000,000 = 650K

You are stating 250K (let's say 325K to keep the math simple)

1/200 of 1% = 1/20,000 = $1,000,000 = 325K sats

So, you are saying if Bitstakes gets approximately 1/30,0000 of the Remittance market the coin will be 250K sats? I think you need to think bigger. BitPesa got almost 1% of Kenya's in the few months, just using BTC and no platform.


Lastly, there is no "PUMP". There is only Revenue and MarketShare. That is the price of this coin. Bittrex day traders will not determine the price. We strong hands are slowly stealing all their coins, anyways.

You are correct - the actual price would be much much higher - I dont wanna freak ppl out tho and tell them this could reach DRK levels
As for not a "pump" - u are also correct there has not been a pump ..................................YET

[DrMikefromHashtag]

Looking good in here
very low coin count for the works and project about to infold
If XBS even gets a fraction of the annual remittance market this coin will easily be over 250K sats
Shit I pushed Crypt and Key off of just hype and roadmap well into the 150-200K range with similar coin count - this coin is actually doing something innovative and different
buy - hodl - profit
fair warning - this looks ready to pump hard

What fraction are you talking about?

The Remittance Market of Nigeria is $21,000,000,000 and you are saying "IF" Bitstakes get's a fraction:

1% = $210,000,000 = .65 BTC or 65,000K
1/10 of 1% = 1/1000 = $21,000,000  = 6,500K
1/100 of 1% = 1/10,000 = $2,000,000 = 650K

You are stating 250K (let's say 325K to keep the math simple)

1/200 of 1% = 1/20,000 = $1,000,000 = 325K sats

So, you are saying if Bitstakes gets approximately 1/30,0000 of the Remittance market the coin will be 250K sats? I think you need to think bigger. BitPesa got almost 1% of Kenya's in the few months, just using BTC and no platform.


Lastly, there is no "PUMP". There is only Revenue and MarketShare. That is the price of this coin. Bittrex day traders will not determine the price. We strong hands are slowly stealing all their coins, anyways.

You are correct - the actual price would be much much higher - I dont wanna freak ppl out tho and tell them this could reach DRK levels
As for not a "pump" - u are also correct there has not been a pump ..................................YET

If they get 1% of the remittance market alone than this will reach Bitcoin's level. (we are ignoring the Market place and banking services that means more $$$)  This is already BIGGER THAN DRK / DASH. Dark coin is a fancy trading card. Is DRK/DASH used in "REAL" life? No. It may be used in the future. This has a reservoir of $21,000,000,000 that it will be tapping into once the exchange opens. Bitpesa and Beam have already proven the business model is successful. Bitstake's platform provides so much more needful services (A marketplace -coming soon, P2P lending, multi-staking, and XBS).  

Lastly, you say that this coin is doing something "Innovative and different?"... This coin is being used for a currency. PERIOD. People forgot that this is the reason we got into Alt-Coins. We were here to find the next Bitcoin. A currency... not just tech. The tech for XBS is the POS. However, this is all about the Platform and $21,000,000,000 of Remittance and $Billion upon $Billion more of unbanked $$.

WHAT HAS KEPT THE PRICE DOWN IS IGNORANCE. People do not do math, research, or study economic trends. If they had, they would know that the Global remittance market $340,000,000,000 is the key to BTC and AFRICA will be the trigger. In fact, that trigger was pulled in 2014, if you were paying attention.


The Market in Nigeria will raise the price and the people here will chase it up, selling stupidly along the way and losing coins like they did with BTC to the Chinese.

[CanInvest]

Looking good in here
very low coin count for the works and project about to infold
If XBS even gets a fraction of the annual remittance market this coin will easily be over 250K sats
Shit I pushed Crypt and Key off of just hype and roadmap well into the 150-200K range with similar coin count - this coin is actually doing something innovative and different
buy - hodl - profit
fair warning - this looks ready to pump hard

What fraction are you talking about?

The Remittance Market of Nigeria is $21,000,000,000 and you are saying "IF" Bitstakes get's a fraction:

1% = $210,000,000 = .65 BTC or 65,000K
1/10 of 1% = 1/1000 = $21,000,000  = 6,500K
1/100 of 1% = 1/10,000 = $2,000,000 = 650K

You are stating 250K (let's say 325K to keep the math simple)

1/200 of 1% = 1/20,000 = $1,000,000 = 325K sats

So, you are saying if Bitstakes gets approximately 1/30,0000 of the Remittance market the coin will be 250K sats? I think you need to think bigger. BitPesa got almost 1% of Kenya's in the few months, just using BTC and no platform.


Lastly, there is no "PUMP". There is only Revenue and MarketShare. That is the price of this coin. Bittrex day traders will not determine the price. We strong hands are slowly stealing all their coins, anyways.

You are correct - the actual price would be much much higher - I dont wanna freak ppl out tho and tell them this could reach DRK levels
As for not a "pump" - u are also correct there has not been a pump ..................................YET

If they get 1% of the remittance market alone than this will reach Bitcoin's level. (we are ignoring the Market place and banking services that means more $$$)  This is already BIGGER THAN DRK / DASH. Dark coin is a fancy trading card. Is DRK/DASH used in "REAL" life? No. It may be used in the future. This has a reservoir of $21,000,000,000 that it will be tapping into once the exchange opens. Bitpesa and Beam have already proven the business model is successful. Bitstake's platform provides so much more needful services (A marketplace -coming soon, P2P lending, multi-staking, and XBS).  

Lastly, you say that this coin is doing something "Innovative and different?"... This coin is being used for a currency. PERIOD. People forgot that this is the reason we got into Alt-Coins. We were here to find the next Bitcoin. A currency... not just tech. The tech for XBS is the POS. However, this is all about the Platform and $21,000,000,000 of Remittance and $Billion upon $Billion more of unbanked $$.

WHAT HAS KEPT THE PRICE DOWN IS IGNORANCE. People do not do math, research, or study economic trends. If they had, they would know that the Global remittance market $340,000,000,000 is the key to BTC and AFRICA will be the trigger. In fact, that trigger was pulled in 2014, if you were paying attention.


The Market in Nigeria will raise the price and the people here will chase it up, selling stupidly along the way and losing coins like they did with BTC to the Chinese.

I get the plan. Great market.

But: so far, there is 363 wallet addys according to https://chainz.cryptoid.info/xbs/#!rich with the top ten holding 50%+ of the coins.
How is this not a perfect P&D scenario?

[Fudbuster30]

More I read Dr Mike's comments, more I get scared of this investment. I really like the idea of the coin and if executed,this coin can go too far but the way Dr. Mike is boasting about it all over Twitter and here, raises a red flag. He just made special account to promote this coin here. I would also want to know what research are you talking about? Everybody knows about Nigerian market, have you done any research about the legitimacy of this coin? If yes give us your real contact details, so that people can catch you if you dump on us.  And if this is a serious and legitimate project then I am sorry to say that Dr. Mike is harming this coin as serious investors consider everything before investing and before you pounce on me, let me tell you that I hold XBS but I am not ready to take more risk after reading comments by Dr. Mike.

[micro123]

What exactly the difference between Bitpesa (they have M- Pesa ) and bitstake (SMS Wallet) ? Except that Bitpesa has 3 % fee and Bits Take 1 % ?

[WarrEagle]

So that people can catch you if you dump on us? Are you fucking retarded?