Agree with Piscean Luva on all counts.
As for listing on Binance, if the price is too high, somewhere else then. But somewhere. And somewhere easy to register with a lot of international flow!
Relatedly, is it only possible to trade BAY vs BTC? As far as I can tell, the answer is ‘yes’. That is bad news. Two reasons.
One: if there is a positive shock that pushes up BTC, BAY gets sold. If there is a negative shock that pushes down on BTC (and so all cryptos), BAY gets sold. We’re suffering doubly on the exposure to BTC/the market. That means any good news relating just to BAY, as opposed to the wider market, gets swamped, and isn’t being reflected fairly in the price.
Two: if you want to trade BAY speculatively - because, hey, check it out, those guys just launched some great new stuff (which in the normal financial world should equate to a bump in price, rightly so) - you might well not bother, because you’re constantly having to go via BTC, which makes the whole thing slow and stressful and expensive. Pass. I can trade other stuff much more easily thanks. And there is nothing wrong with that.
So, as well as listing on more exchanges, you should ditch the BTC pair (the past, frankly) and go for ETH instead. That resolves both problems above. It’ll disentangle BAY from the fortunes of BTC and the hysteria of the mob. And it’ll pair you with another relatively quick, cheap to trade, asset, which will make it much more liquid for short term investors to punt on. Short term flow is good, as flow means liquidity. The more liquid BAY is, the more comfortable that long-term investors - not just the speculators - will be holding it.
The bigger the mix of investors, the better. I sense that there is too puritanical an emphasis on long-term money here. You need both.
Separately, I have seen concerns about succession planning if the lead developer meets a sticky end. Looking at the team, you need to be trumpeting the talent waiting in the wings to take things forward. This is a legitimate investor concern and has been dismissed too readily, or, at least, without fully explaining how the platform will continue to be developed in the absence of David Z.
One last thought. David’s/BAY’s story should be trumpeted. It’s all been defensive so far - members of the team responding to negative comments in chatrooms. But this is something to go on the offensive with. It’s a real comeback story. If you aren’t already, you should be out doing the rounds at the conventions, pressing the flesh, shouting about how BAY IS BACK - with the new client, upcoming mobile app, and the peg trial. Forget ICOs. Forget proof of concept. This is the real thing. Get people excited, get them watching this space, get some positive editorials in the blogs etc that matter. Everyone has seen Jerry Macguire. BAY is the Rod Tidwell of cryptos. All heart! So market that mother!
