Anyone here keeping up with image related
-When is live product out, Q1 was estimation?
-Emission rate looks worrysome, thoughts?
-Does it get consumed at all in the product?
BTT
Haven't been keeping up with current events of the project, but slowing been accumulating.
>buying an obvious money grab scam
>token nobody needs for a 20 year old protocol
Still, pajeets might pump this to a reasonable level (1 cent). Get out then and never look back.
FaCT is that SHITCOIN will PUMP to at least 60 SATS before end of summer.. either you can't afford to tie up your SATS or you can't..
Volume high as fuck on the usdt pair
Exactly, it's the perfect shitcoin. It got a name that everybody knows, best marketing team, low price per token (some people don't know what is a marketcap), Normie's gonna jump on that shit like there's no tomorrow.
This token is on basically all the big exchanges, on binance alone it has 4+ pairs which all seem to be consistently in the top 3-10 volume of the respective pair. Wash trading or not, that is a lot of dedication for a token. Just wanted to understand the FA behind this
There is none.. point is that this SHITCOIN does what the creators want it to do.. do you think they would invest all that time and money and not at the very least 10x??
What about the supply inflation (airdrops, ect). What about the actual product release (speed)? Do tokens get consumed at all or only traded
For token to have monetary value, they must be transferred within
>a very large network - for example a file trading network akin to
>bittorrent. - Satoshi Nakamoto-
What about the supply inflation? You just said it (airdrops) that gets the coin out to people, fancy them with tiny pumps here and there to get interest.. slowly drop price until they think they are left holding bags, DCA with their bags, then pump the fucking shit out of it.. it's a cycle that takes months to complete..
If it actually operates like pic related, I could see it actually being used and I'd agree with your statement. Just gotta ensure the tokenomics and incentives are on point, and that ppl will actually be bothered to seed
Good point who am I kidding, this shit will pump like no tomorrow, think i'll sell a nice chunk in first big pumps and ride the rest out until 2021, this shit has to go 100x as long as binance / tron are relevant. This also implies TRX is unironically an amazing buy too
TRX is phase two moving into phase 3 of said plan.. where do you think the funds to perform this come from?? BTT is just getting started.. look at the charts.. if BTT can perform anything close to TRX we are in for a treat
>wash trading
Its a shitcone
How low do we go is the question
In all their defense... The airdrops are meaningless in the big scheme of things. As you can se here
Between march 2019 and february 2020 they will airdrop 990 million tokens to TRX holders. That's a little south of $700,000. BTT does way more than that on volume daily.
Until 2025 they will airdrop another ~6 billion tokens. Around $4 million at current prices.
I'm more worried about how the rest of the supply is going to enter the market. Nearly one trillion tokens is too much. Maybe the burn a lot of them in the future.
Honestly have no idea.. but I think anything below 16 sats is easy 3x before end of summer
Very true.. that supply is a GIANT obstacle.. perhaps they we will see a surge in torrent news to gain relativity on that side ??
what happened to odyssey? that shit never mooned
Lol that was a super shitcoin in its own league, was endorsed by tron in literally 1 tweet. BTT was the first binance launch pad, crazy volume daily, mega hype, how can you even compare the two?
I've been thinking this actually. Start with an ungodly amount of tokens, most uncirculating. People know this is lurking and always keep it in the back of their mind. But then, one day, you just magically announce one or two token burns will happen. BOOM fucking shit blows up. That's what I'd do if I had a token.
The binance "partnership" is what makes this special in my opinion.
Biggest volume on usdt, something has to happen
Inb4 nothing happens for 4 months
I agree with all of this, it's hot garbage but so is tron, and cz + sun is definitely something I'd want my money in. Only question is how low and how long..
My buy at 13 sats triggered. Maybe I should've waited for 12 but volume has increased and 14 is still holding so well see.
I already got fucked with stop loss, if it does it again, I'm going all in BNB, this could go for months
It's easy to use logic to speculate what the target fair value is, and what the moon potential of this coin is when you compare it to TRX considering it's just a token running on its blockchain.
With a max supply if 990 billion, because this project is such a major part of TRX and due to the number of users that'll be exposed to it, it's safe to say that the fair value of it would be at a 10:1 ratio with TRX, or, 0.1 TRX. This would put BTT at the same market cap, but this is assuming that ALL 990 billion tokens are in the current circulating supply, just like it also assumes that all 99 billion TRX tokens are in the circulating supply.
In actuality, it's going to take nearly forever to reach that. Given the current ratio of something like 13.5:1 with TRX, it's an easy 3x from here at the very least.
You have to remember a few things, such as the fact that TRX stagnated for months before taking off, and that was at the end of an extreme bull market. You also have to remember that Justin cares about his Ego more than anything. He's already rich, he wants to be known as a prominent figurehead and leader at this point. He and CZ are the chink titans of crypto, and he would sooner watch himself go bankrupt than have any of his tokens fade into nothing.
Buying BTT at this point, so close to ICO price, is a complete no-brainer. The inflation is minimal, the upside is guaranteed. I wouldn't hold this shit past the initial normie fomo for a cheap token by a well-known company, there is no long term value in this, it's utility.
But there will be a fucking hype train when the next bull run is here for it. I have just over 5 million that I got on the TRX pairing for .026 and .027. Looking to add a bit more, but I'm feeling alright with this stack.
Well said, that's how I feel. I picked up 4 mil for like fucking 0.65 btc, kind of a lot for me. Hoping I won't have to hold this trash for long.
most of my normie friends have barely even heard about bittorrent. All they know is subscribing or streaming shit. The few that know bittorrent worry to catch a virus like its some STD
My mistake lol it's actually like 33:1 with TRX right now. But anyway tl;dr, Justin cares too much about his ego and persona that he's built up to actually let BTT fail out the gate without a crazy pump like TRX had. I consider BTT incredibly safe to collect right now, waiting for when the next bullrun begins. It's entirely possible that BTT STARTS the next bullrun, because once Speed releases at the end of this month or the next month, he's going to go full crazy with shilling it, announcing the features.
I think people are sleeping on both TRX and BTT extremely hard, because they don't actually realize that Bittorrent's acquisition is monumental. Normies know bittorrent, Tech normies know bittorrent. They don't have to like crypto. Not only that, but Tron has an actual INCOME stream from Bittorrent being under their umbrella now aside from TRX and BTT. They will survive, guaranteed. People can hate Justin or whatnot, but it's easy to see that he's the type of asshole mogul businessman that's good at winning, and not some autist in a basement working on code and staying quiet until it's ready.
Techie normies know about bittorrent, and treat each other like knowledge about it is something to impress even more clueless normies. The people that regularly torrent, or even casually torrent, are the target audience for crypto.
>so close to ICO price
Can you re-confirm ICO price? Seems we are 4x from there, if that is what you meant
>I wouldn't hold this shit past the initial normie fomo
elaborate on this?
>20 year old protocol
that let you watch 4k video in streaming in a decentralized way, for free, because it fucking works
Imagine paying for Netflix to watch some old movies
Have you actually streamed a 4K movie like that? What about your ISP?
Well this math was wrong. It's 990 million tokens each month, so that would be 10 billion tokens airdropped until february 2020. Then the number increases. There will be over 60 billion tokens airdropped by february 2025.
So $700,000 in BTT minted each month. Still doesn't seem to be that much, considering how strong the volume on this thing is
Younger millenials don't even know what the fuck bittorrent is unless they're fucking nerds.
this will get cut in half soon. enjoy!
Then I’ll buy more