Post
Topic
Board Announcements (Altcoins)
Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments
by
ByteFan
on 15/08/2018, 15:41:56 UTC
Let me put this way, those "illiquid coin exchange" are good for filling the content of a website. Yes you can buy a few bytes and store it, and pray for the price to up one day and sell it.
Byteball has more usefulness than that. Byteball can be the finance crypto instrument prefered choice. It can be deeply integrated with other coin, and give the market the price stability that is needed. But Byteball needs LIQUIDITY.

Let me give you only "one example":
I have 10 Ethereum coins that cost me 300 USD each, and I want insured it against any price drop, because I don't want to loose money or risk my holding, I can go binary ball and buy an insurance from 1 to 5 hours. Two situation will happen:
1. the price of ethereum goes up, I loose the binary insurance BUT I win with ethereum in price. I sell ethereum and buy again insurance.
2. The price of ethereum goes down, I won the binary "insurance" sell it and buy ethereum back again.
Conclusion: the value of the ethereum holding in my portfolio stay around 3000 usd.

The model works better if price of ethereum would be in bytes, and the insurance is for 24 hours, and better LIQUIDITY.

Why all prices of on binary ball are in USD or Bitcoin. Maybe is lack of bytes liquidity.

A petition to Binary Ball developer,

Can you please list another asset pair?
I think you are missing the most important pair

Can your list byteball_bitcoin pair on the Binary options trading?

I want insure my byteball holding, please.

If not, why not?

Thank for your responce.



The low liquidity of Byteball would be a very easy way to manipulate a Byteball binary contract.