in the next few days, we will see spikes in the price of GBYTE leading to the next airdrop. but with that much new GBYTE going into circulation, expect another drop in price after the airdrop.
Can you or someone please ELI5 how this coin works in brief?
he's arguing that people will want to buy GBYTE to get the 20% bytes bonus (plus blackbyte bonus), which will cause a spike in price before next snapshot. then the price will dump right after snapshot when some people get their GBYTE and sell it.
market likely expects the dump after snapshot, and if it dumps >16.67% (1/6, ignoring GBB for this calculation) after snapshot, then its more profitable to make buys after snapshot.
personally, i expect choppy price until distribution is over (probably October), then a long bull market begins.