Quote from: Alcibiades Agnes on March 14, 2018, 02:27:40 AM

I recently watched on Youtube Louis Thomas telling his viewers he is buying Byteball (see link below). His fundamental analysis has been impressive to date, and his explanation on why he liked Byteball makes sense. One key component I find interesting is its incredibly low supply of 1,000,000 coins, and a circulating supply of 645,000 coins. Of course, if the tech behind any coin is weak, then the supply doesn't matter much (I am not saying Byteball tech is weak). Furthermore, in 2017 we've seen that supply is not that important for a major rally (Ripple, Tron -4.35% , and a few other coins with multi-billions in supply have proven this). Second, Byteball's performance in relation to other tokens and coins in 2017 was really unimpressive. This is perhaps the most important reason I will likely stay away, as Byteball has been available to the public long enough to have been noticed by now, or at least much more than 600 mill in market cap by the 4th quarter of 2017 (current market cap is 180 mill). Third, the crypto market in general is in a state of possible breakdown and bear market, so any altcoin will need to be scrutinized much more heavily than 2017. However, I am a chartist at the end of the day, so if the price action displays close to what I indicated in the chart, I will be interested to own some.

https://www.youtube.com/watch?v=HWBWwH3gSCs

Fair enough.

Do take into account that the price history per Gbyte on coinmarketcap does not reflect the returns of a byte holder due to the many airdrops that a byte holder received.

For example, coinmarketcap starts at value of 0.020 BTC per Gbyte on Dec 27th 2016 (=$20).

Today it stands at 0.026 BTC/Gbyte, so you could think return in Bitcoin value was only 30%.

However since then, every 1 byte owned received over the year an additional 3 bytes in airdrops I roughly estimate, for free.

Bringing the total return today at 4 Gbyte * 0.026 = 0.100 BTC, so 300% return expressed in BTC, instead of the 30% that it looks like on the chart, ie: 10 times more.

In USD 1 Gbyte is worth $230 today * 4 = $920, a 46x return!

And this is for those that bought their first Gbyte end 2016 when it started trading at $20, most got them for free in the first airdrop the weeks before and only invested mind and time.

Ofcourse, like in all crypto's, bytes have been a terrible investment for those that bought at the peaks, but for those that dollar cost averaged over it's life existence of now little over 1 year, it has been a tremendous investment still today.

This does not debunk your argument that total market cap for Byteball peaking out at only $600 million is not spectacular compared to many others, but for that I would refer to valuations in previous crypto bubble in 2013 or the dotcom bubble in 1999. Many coins and companies in top 30 end up dissapearing, while many that are barely seen in the rankings, end up taking the market after the bubble collapses.

It's all about real adoption, utility. Byteball is not there yet, but it certainly has it's focus right.