I Think Byteball Learned a Hard Lesson During Its Airdrop.
Most People Don't Care About the Project, Just the Free Money.
When I look at the price of Byteball over the last two weeks I actually feel bad for the Byteball Hodlers. I know the team meant well with their Airdrop but economics is a cruel beast and is not kind to those who defy it.
@AnaHilarski and I Will be Hodling Our ByteBall. Thank You for the Airdrop.
What It Looks Like for ByteBall Hodlers Who Owned it Pre Airdrop.
Simple Supply and Demand yo
P.S I honestly forgot I even had them lol
i was sell last week all my byteballs :D thanks when coin price was 140 :)
yeah i am holding those 1 year money of byteball hahaha 😂 btw i am also one of those free money people am sorry for that 😂
Did you sell it immediately? If not you are a HODLer and do not hurt the project.
i sold it all when it was at peak opss did i hurted ? nah i got them Good refferels 😉😂
I sold some of mine as I had some uses for it, but the rest is locked up for a year. I saw the price dropped a bit, but nobody knows where things will be in a year.
Imagine being someone who owned it prior to the airdrop. This is how it feels.
I thought it was a scam smh
Me too:-)
It's not the first their airdrop, I think they know what they are doing. Previously they had 10 (?) airdrops for Bitcoin and Byteball holders and such a price fall was seen not the first time.
Seems like Biteballs also got kicked in the nuts..lol
It will grow back steady! Byteball did the same airdrops in the past and it still reached $800.
The price as come down, but I don't think it was all due to the airdrop. Probably the timing of the airdrop makes conclusions like this happen, but the reality is that the markets are putting a lot of pressure on every coin to go down.
In my modest opinion, I think it was a huge success for Byteball, especially because they raised their numbers considerably and that was their main goal with the airdrop.
But ye, definitely the rules of economics always verify themselves, no matter the market or the product!
It really depends on what you care about as a crypto project. I suppose Byteball want a wider distribution of their coin, so they've been airdropping a lot of bytes for quite some time. I guess the hopes associated with this would be that some of the people receiving free money would use it instead of selling immediately, and at least any airdrop increases the visibility of the coin.
In addition, Bitcoin dropped a bit in that time which also dragged down Byteball accordingly.
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