Quote from: olio666 on August 22, 2017, 11:21:36 PM

Quote from: BTCWagering on August 21, 2017, 07:49:53 PM

The whales (mostly BTC whales, who tend to be BTC maximalists) control the price, and a few factors seem to have contributed to the massive drop:

Back to back 20% distros
Reaching the 2nd half of the distros where more than half the tokens are already in circulation, meaning the "interest" potential of held bytes is disappearing quickly
A few technical problems / outages recently
The BTC fork creating additional demand for BTC due to the "free" BCH and scaling potential supporting a higher BTC price
The post-fork BTC pump creating the (likely) illusion that BTC price is unbounded

Believers in Byteball are using this lull as an opportunity to accumulate more bytes. In my opinion, this project has an extremely bright future, and the price has nothing to do with it.

Nicely put post Wink

I too think we have reached the bottom for byteball for now and i am hoping to see a steady growth from here, with the new distribution percentages from next month.