Is BayCoin pegged to a fiat currency? If not, what's the

>>1879154
it's got some rollin' pegging thing going on - why don't you read what's on the website baka?

>>1879154
>Is BayCoin pegged to a fiat currency?

No

>If not, what's the point of "staking" with BitBay
for interest if the price could fluctuate ridiculously like other cryptocoins?

That's a chance you take. looks like recently the price is fluctuating upwards

>Also, does anyone know POSW staking is worth it?

I assume you mean POS, It is worth it if you want to get more currency.

>>1879154
http://bitbay.market/walloffeatures/

>>1879170
since i feel generous today here's the link
http://bitbay.market/about/pegging/

>>1879171
I see, but in all these cases with guarenteed interest (including lending on Polyniex), you're still completely subject to the volatility of the crypto-coin you obtain interest in, right?

So it's still a huge risk, as with all crypto because of the volatility right?

So still not a good place to park my emergency fund or anything, right?

>>1879177
>>1879176
No, guys, I understand what pegging is. I've read both of those links. But right now BayCoin is not pegged to anything and the features they promise to increase stability and implement volatility haven't happened yet at all, so it's pretty useless at the moment.

>>1879171
>>1879177
>>1879176
In short what I'm saying is this.

At a bank, I could get 1% interest annually on my USD easily.

BitBay is offering 1% annual interest for staking, but taking into account the volatility of a coin like Bay, that's almost nothing at all, right?

>>1879188
>>1879193
Bump. I just want to make sure i understand this right.

Could you just fuck off

>>1879364
Just need an answer.

>>1879193
yeah but volatility is mostly the price increasing so it's only beneficial to you.

Nearly every crypto is HIGHLY volatile. Meaning it is unstable and can fluctuate massively. it is NOT a safe investment it is NOT a wise investment. if done correctly you can make alot fo money, you have to know what you are doing. if you dont know what volatility is, then you shouldnt be investing in anything yourself until you learn.