Compare BitBay (BAY) vs Bitcoin (BTC) Coin
On this page, you can compare BitBay (BAY) with Bitcoin (BTC). Which coin is better to buy now? What will be the better investment?
You can read more about cryptocurrency investment strategies in this article. Some additional rules you can also find here. Finally, you can read about the top 10 trading mistakes leading to failure in this article.
| Company |
|---|
User rating
| 3 user reviews | 2 user reviews |
Cryptogeek rating
Trust Score
How it worksAbout
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BitBay (BAY) digital currency has been developed since 2014 with the eponymous market place being in operation from 2015. The coin is now listed on a few exchanges. You can purchase BitBay with fiat (hard) currency, such as USD or EUR, using a bank card.
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Bitcoin is the first cryptocurrency created in 2009 by a person or group of people under the name of Satoshi Nakamoto. Bitcoin was proposed as an alternative to the conventional banking system in the wake of the financial crisis of 2008. Unlike banks, the Bitcoin network is a decentralized anonymous peer-to-peer payment system designed to the way that it is almost impossible for a single entity to gain control over this network.
|
Type
| coin | coin |
Founding Date
| 2014 | 2009 |
Country
| International | International |
Languages
| No data | No data |
Team
| Public | Not Public |
Protocol
| No data | Public blockchain |
Current price (USD)
| 0.0154 | 102864.9455 |
All-time high (USD)
| 0.4553 | 20089.0000 |
Price change (24h)
| -0.21 | -0.21 |
Volume (24h)
| 0.00000 | 2161227554.92190 |
Hashrate
| No data | 93000000000 |
Max Supply
| 1029153366.00000 | 21000000.00000 |
Total supply
| No data | No data |
Circulating Supply
| 0.00000 | 19862550.00000 |
Transaction speed / Block time
| No data | 7 |
Transaction fee
| No data | 1 |
Mining profitability
| No data | No data |
Algorithm
| PoS | SHA-256 |
Proof type
| PoS | PoW |
Fully premined
| No data | No data |
Smart contract address
| No data | No data |
Total coins mined
| 1032709571.09159 | 18433468.00000 |
Is trading
| yes | yes |
Block reward
| 0.000000000000 | 6.250000000000 |
Block time
| 64 | 600 |
| Company | ||
|---|---|---|
| User rating | 3 user reviews | 2 user reviews |
| Cryptogeek rating | ||
| Trust Score How it works |
| About |
BitBay (BAY) digital currency has been developed since 2014 with the eponymous market place being in operation from 2015. The coin is now listed on a few exchanges. You can purchase BitBay with fiat (hard) currency, such as USD or EUR, using a bank card.
|
Bitcoin is the first cryptocurrency created in 2009 by a person or group of people under the name of Satoshi Nakamoto. Bitcoin was proposed as an alternative to the conventional banking system in the wake of the financial crisis of 2008. Unlike banks, the Bitcoin network is a decentralized anonymous peer-to-peer payment system designed to the way that it is almost impossible for a single entity to gain control over this network.
|
|---|---|---|
| Type | Type coin | Type coin |
| Founding Date | Founding Date 2014 | Founding Date 2009 |
| Country | Country International | Country International |
| Languages | Languages No data | Languages No data |
| Team | Team Public | Team Not Public |
| Protocol | Protocol No data | Protocol Public blockchain |
| Current price (USD) | Current price (USD) 0.0154 | Current price (USD) 102864.9455 |
| All-time high (USD) | All-time high (USD) 0.4553 | All-time high (USD) 20089.0000 |
| Price change (24h) | Price change (24h) -0.21 | Price change (24h) -0.21 |
| Volume (24h) | Volume (24h) 0.00000 | Volume (24h) 2161227554.92190 |
| Hashrate | Hashrate No data | Hashrate 93000000000 |
| Max Supply | Max Supply 1029153366.00000 | Max Supply 21000000.00000 |
| Total supply | Total supply No data | Total supply No data |
| Circulating Supply | Circulating Supply 0.00000 | Circulating Supply 19862550.00000 |
| Transaction speed / Block time | Transaction speed / Block time No data | Transaction speed / Block time 7 |
| Transaction fee | Transaction fee No data | Transaction fee 1 |
| Mining profitability | Mining profitability low | Mining profitability low |
| Algorithm | Algorithm PoS | Algorithm SHA-256 |
| Proof type | Proof type PoS | Proof type PoW |
| Fully premined | Fully premined No data | Fully premined No data |
| Smart contract address | Smart contract address No data | Smart contract address No data |
| Total coins mined | Total coins mined 1032709571.09159 | Total coins mined 18433468.00000 |
| Is trading | Is trading yes | Is trading yes |
| Block reward | Block reward 0.000000000000 | Block reward 6.250000000000 |
| Block time | Block time 64 | Block time 600 |
Social
Website
| bitbay.market | bitcoin.org |
| @BitBayofficial | No data |
| Website | Website bitbay.market | Website bitcoin.org |
|---|---|---|
| Twitter @BitBayofficial | Twitter No data |
Advantages
| Advanced and industry-standard trading tools; Well-regarded trade system | - Anonymity; - Small commissions; - High translation speed; - Blockchain technology; - The new payment method officially legalized in a number of countries. |
Disadvantages
| No fiat currency deposit methods; Selected offerings are available to only Polish users | - Attack 51%; - Illegality in many countries; - Unpredictable rate. |
Rating
| User rating | User rating 3 user reviews | User rating 2 user reviews |
|---|---|---|
| Cryptogeek rating | Cryptogeek rating | Cryptogeek rating |
| Advantages | Advantages Advanced and industry-standard trading tools; Well-regarded trade system | Advantages - Anonymity; - Small commissions; - High translation speed; - Blockchain technology; - The new payment method officially legalized in a number of countries. |
| Disadvantages | Disadvantages No fiat currency deposit methods; Selected offerings are available to only Polish users | Disadvantages - Attack 51%; - Illegality in many countries; - Unpredictable rate. |
BitBay (BAY) user rating is 5, based on 3 user reviews. Bitcoin (BTC) user rating is 2, based on 2 user reviews.
We also calculate the special Cryptogeek TrustScore based on the characteristics of each coin.
| We choose the winner based on our TrustScore Rating. Please remember, it’s still up to you which company to choose! How do we calculate Trust Score? |
At the moment BitBay (BAY) price is 0.154. Its 24h volume is 0.0. 24h price change is 0.21.
BitBay (BAY) max supply is 1,029,153,366.0. The circulating supply is 0.0.
Block reward is 0.0.
At the moment the number of coins mined is 1,032,709,571.916. Mining profitability is low.
BitBay (BAY) Cryptogeek user rating is 5, based on 3 user reviews.
Bitcoin (BTC) price is 102,865.9455. Its 24h volume is 2,161,227,555.9219. 24h price change is 0.21.
Bitcoin (BTC) max supply is 21,000,000.0. The circulating supply is 19,862,550.0.
Bitcoin (BTC) hash rate is 93000000000. Bitcoin (BTC) transaction speed/block time is 7. Block reward is 6.25.
At the moment the number of coins mined is 18,433,468.0. Mining profitability is low.
Bitcoin (BTC) Cryptogeek user rating is 2, based on 2 user reviews.
When trading cryptocurrency, you should take into account the following rules:
Put emotions aside and do not try to run after prices - the time will come and your token will go up. In a bull market, each asset has its finest hour.
Transparency in the cryptocurrency market is a scarce commodity. Be on the lookout for everything you hear critically, and think about the possible reasons for the newsmaker before spreading the news.
Study the topic yourself, taking into account other people's opinions. Take the news critically. People name different reasons for the recent decline in the cryptocurrency market - these are :baseCompany futures, the Chinese New Year, the loss of interest in :baseCompany, and the downside game by large players ... However, it is possible that the whole thing is false news.
An important lesson: do not believe the news, study the topic yourself.
Diversification is one of the oldest and most important concepts for an investor. Here's how to do it.
- Low risk, high market capitalization: 40% of your portfolio. These are the safest and most stable investments, 10 leading tokens. Popular options: :baseCompany, :compareCompany, Neo, and so on. These tokens most likely have a great future, and in the event of market volatility, they will be least affected.
- An average risk, average market capitalization: 30% of the portfolio. These are promising and developing projects with great growth potential from the top 50. Popular options: VeChain (VEN), ICON (ICX), Omisego (OMG), and so on.
- High risk, low market capitalization: 30% of the portfolio. Here we are talking about active trading and highly profitable instruments, and constant attention is required. This category may include, for example, Red Pulse (RPX) and Internet Node Token (INT).
Lesson: never put all your eggs in one basket.
Lesson: while tokens are stored on the exchange, do not consider them as yours.
On this page, you can compare BitBay (BAY) with Bitcoin (BTC). Which coin is better to buy now? What will be the better investment?
You can read more about cryptocurrency investment strategies in this article. Some additional rules you can also find here. Finally, you can read about the top 10 trading mistakes leading to failure in this article.
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