Post
Topic
Board Announcements (Altcoins)
Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments
by
CryptoRobert
on 01/09/2018, 12:49:51 UTC
Why?

Uncertainity about distribution length.

I would say this is the bottom, but hey... it would be 5th time this year.
the bottom is when you yourself can buy up all the coins Grin. Then the price can't fall lower, because you know for sure that you will redeem all sales

I have been thinking the same - Lol. In fact, big whales can play this game with little-medium coins which are very depressed in their price. In the case of one good coin with a total capitalization of just 500K USD I was thinking that I'd be quite close to be able do the same and establish a floor that couldn't possibly be broken. In the case of Byteball, currently you would still need too much money to impose a floor with 100% certainty - some tens of millions of USD which would be able to buy up to the total suplly if all dumped at current prices. But people with a lot of money can actually really plan to impose a floor to some coins they believe in, an operation which realistically would need just a fraction of the total capitalization of that coin, since anyway buyers and sellers are quite balanced all the time.