Quote from: wheelz1200 on May 12, 2016, 03:31:19 AM

You guys obviously can have your opinion but you need to expand your thinking on this...

Why is any crypto besides btc valued the way they are? Possible future growth.....thats it. Not one of these coins should be valued at where they are if you use "current value in the marketplace" for one early investors got about 20% extra in SS and in steam gift cards. (True value), once the payments start rolling in, there is value there. You guys are arguing based on the coins value at $0. There is also the possibility for coin price growth, yes i didnt say definate or this is going to make anyone rich based on the growth of gbt price, but there is the "possibility" based on future growth potential. If you buy gbt at 717 sats and sit on it for a couple of months, get a payout (even if its only $1) and then you sell your gbt for 717 sats, you make a profit, and thats not even counting if you stake your coin during that time. Not many cryptos you can buy and sell at the same price and make a profit (even if it is small).

Now you talk about mid-high crypto casino/sportsbooks make hundreds of btc a day, i dont know what they made in the first month but im sure it isnt the same level as they are at now. And how can you say advertising wont bring in more people??? How many bitcoin sites can you go to without seeing an advertisement for a casino/dice game/sportsbook, etc. Why do you think they still pay for advertising if it doesnt bring people in?

Either way i respect your decision as everyone has to measure their own risk tolerance. Hope to see you betting one day on the site and buy some gbt from the exchanges.

You missed the point. Yes, you buy partially based on future growth, and when you do that you buy in cheap. You do not buy in at a 3k BTC valuation for a project with a ceiling of MAYBE 5k BTC. Thats assuming best case scenario and that GBT truly takes off. Thats a dumb buy. The chances are much, much higher that investors will take a giant loss.

I actually own one of those mid-high volume platforms. No one in our industry is making hundreds of BTC per day. My site does barebones advertising and we did more volume in our first day then what GBT has accomplished in a couple months.

Again, I like the idea of GBT, its valuation is just ridiculous.