This time we'll do a short analysis of my of my favorite projects - BitBay. To understand BitBay one has to dig relatively deep and see behind all the fud circulating around this project. BitBay has very long and complicated history dictated by greed, betrayal and unbelievable resiliency of the core team. This one's a true soap opera of the crypto. Project is led by a great mind and a coder David Zimbeck who has been ripped off seriously in the past. Against the odds main man just kept on going and coding producing trustless market place, sort of Ebay of the crypto. Unlike other projects there's no middle man or escrow needed when selling or buying stuff on BitBay market. Go nuts and try it out yourself: bitbay.market/downloads
Reasoning behind this trade:
-Solid technology. Product has been on the market for years. Smart contracts, buy, sell, hire people and what not.
-Lack of interest -> wise money should flow in at this latest slump.
-Dedicated and stubborn team. They do deliver. They do not hype.
-Solid technology - this statement cannot be stressed enough. There's no empty promises - working decentralised trustless p2p market place!
-Steady development, mobile wallet, web wallet, revamped web site, active community.
-BitBay could be used as fiat gateway through smart contracts.
-Upcoming poker site.
-Dynamic peg -> the killer application of crypto is coming in to town ~Q2 2018.
-BitBay can be traded on the Blocknet DX in near future. Now combine that with the fiat gateway idea and you have formidable decentralised synergy between the projects. All for you. The common people.
etc etc.
Roadmap: bitbay.market/roadmap
In 2017 Bay was pumped to oblivion over 3000 sat. I believe the next round is just around the corner. Even if you do not believe in this project in the long run there will be gains. Substantial gains.
Currently Bay is traded around 600-700 sats. You might wanna poach them falling knives all the way down to 450-550sat or just place your bid around 600 and wait for someone to dump. There will be smaller pumps on the road - Bay has been pretty predictable in the past. Buy low sell high!
Ideas for targets:
Buy in: 450-630 sat
Profit taking: sell 50% on the way up to 800-1000 sat march-apr -> buy back on the dips
Late spring / summer 2018: inevitable bigger upward movement. Could even touch ATH depending on BTC movement
Dynamic peg: most definitely ATH broken, a sh*t ton of profit to be made. ATH = over 3000 sat. 1 dollar per Bay is my own pipe dream. We'll see.
DYOR and happy hunting!
Reasoning behind this trade:
-Solid technology. Product has been on the market for years. Smart contracts, buy, sell, hire people and what not.
-Lack of interest -> wise money should flow in at this latest slump.
-Dedicated and stubborn team. They do deliver. They do not hype.
-Solid technology - this statement cannot be stressed enough. There's no empty promises - working decentralised trustless p2p market place!
-Steady development, mobile wallet, web wallet, revamped web site, active community.
-BitBay could be used as fiat gateway through smart contracts.
-Upcoming poker site.
-Dynamic peg -> the killer application of crypto is coming in to town ~Q2 2018.
-BitBay can be traded on the Blocknet DX in near future. Now combine that with the fiat gateway idea and you have formidable decentralised synergy between the projects. All for you. The common people.
etc etc.
Roadmap: bitbay.market/roadmap
In 2017 Bay was pumped to oblivion over 3000 sat. I believe the next round is just around the corner. Even if you do not believe in this project in the long run there will be gains. Substantial gains.
Currently Bay is traded around 600-700 sats. You might wanna poach them falling knives all the way down to 450-550sat or just place your bid around 600 and wait for someone to dump. There will be smaller pumps on the road - Bay has been pretty predictable in the past. Buy low sell high!
Ideas for targets:
Buy in: 450-630 sat
Profit taking: sell 50% on the way up to 800-1000 sat march-apr -> buy back on the dips
Late spring / summer 2018: inevitable bigger upward movement. Could even touch ATH depending on BTC movement
Dynamic peg: most definitely ATH broken, a sh*t ton of profit to be made. ATH = over 3000 sat. 1 dollar per Bay is my own pipe dream. We'll see.
DYOR and happy hunting!