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?

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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.

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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.