Post
Topic
Board Announcements (Altcoins)
Re: [ANN] GOBYTE [GBX] - Masternodes, PoW, Secure, ASIC Resistance, & Decentralized
by
tmkn
on 15/12/2017, 07:28:02 UTC

What is trust level of this predictions I mean on this platform, site??

Don't trust the prediction, trust the roadmap. We're about to release an important core update. The whitepaper + new website + mobile wallet and payment gateaway will follow. I started to meet french lawyers for establishing GoByte legally and turn it into way more than what it is now. The more we'll work, the more we'll build up confidence, the more people will buy for long term hold Wink The price will follow.

As for the coin's emission being too high, mining being rewarded with too much coins, maybe there is a few others variables : there is only 239'000 coins in circulation and 205 MNs, that mean more than 80% are locked for people who might want more MNs (and the coin emission will decrease by 12% every year). At the moment, I can see 5k GBX on selling orders and more than 10 BTC on buy orders, it's far away from what I saw with XYLO. Plus.... seriously, XYLO ?

Yeah, right, now it's 8BTC on buy orders and the price is down again to 0.00118..
If you look now there are 2600 GBX on orders with price >0.00100 and the rest (15,000 BTX for prices below 0.001).
So, summary:

2,600 GBX - 2.75 BTC for price >0.001
15,000 GBX - ~6BTC for prices < 0.001

Do you call this a strong buy wall ? Cheesy

And frankly speaking, if you say 80% of the coins are locked, the fact that the price is going down with only ~40,000 coins in "circulation", the rest being blocked in MNs is a serious issue..
It really means that the market can't absorb the new coins and the only interest is for setting up MNs, which is exactly what I said before

Yes, I know that from time to time we expect the "plunge protection team" to intervene and buy up to 0.00160 in a single burst. Then it's starting all over again, slowly slowly going down..