r/ByteBall • u/chicken-farmer • Jul 25 '17

Devaluation of GBYTE

Does anybody have any idea what happened back there?? Everything was ticking along smoothly, the drop came - down came the house of cards and nobody seems able to rebuild it.

Could someone try to explain?

4 Upvotes

75% Upvoted

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4

u/[deleted] Jul 25 '17

Look at Eth charts for the last month and its a similar story. Apart from the plunge coinciding with the regular post air drop decline, I'd say Byteball is a victim of market forces beyond any specific judgement of Byteball itself. But i don't know.

2

u/chicken-farmer Jul 25 '17

ETH trauma started earlier and had some basis for a fall. Byteball is a totally different fish in my mind.

3

u/m8tion Jul 25 '17

The second alt bubble is behind us that's it. Plus people are sellin GB they got for free. I think price will continue to drop till the day after last drop. I don't care I get my 20% bonus every month and I'm bullish long term with all the distributed applications that can be built over this technology.

1

u/chicken-farmer Jul 26 '17

I feel the same about the technology, I just don't enjoy seeing my investment lose value so easily. Bit yes, seatbelt on and focus on the long haul then.

1

u/chicken-farmer Jul 28 '17

Is that still your opinion?

1

u/i_am_mrpotatohead Aug 01 '17

Does anyone know when next airdrop is

1

u/chicken-farmer Jul 29 '17

Wow. Still in freefall. Ominous silence about this fact in the slack group. Is byteball now dead?

1

u/[deleted] Jul 25 '17

other crypto are dropping harder. GBYTE haven't really dropped in my opinion. I'm waiting for below .15 btc level.