Bitcoin Forum

59.5 BTT billion tokens were sold in just less than 15 minutes last 28 January 2019.  :o

Read more here: https://www.unblock.news/news/bittorrent-tokens-in-binance-sold-out

That's good for the market, we still have investors who are willing to invest.
It's actually TRON who made it possible in as they acquired bittorent last year, and people think it's a good investment.

It's another high supply coin in the market so it's attractive for investors with the thinking that it might hit $1 like XRP, but I like how aggressive BTT is, now it's listed in the biggest exchange which is Binance, it has a great future if it will not dump.

I wonder who buy this token. For what do we need BitTorrent tokens exactly? It's overhyped and with the technical issues, only makes 600+ people can join the sale. Hmm, looks like those 600 are the only want who succeed to get rich quickly. On top of that, only 6% of the total tokens are being sold. Do we still believe it will hit $1?

Even if it did reach that point, I still believe this token existence is not necessary.

We still have investors who are willing to invest, in shitcoins that is. BitTorrent tokens being sold out very quickly along with Tron in the #7 spot is basic proof that we're still very early and that there's still so much dumb money in the market. I mean, who even wants to pay for torrents really? Seeding and leeching off torrents are totally free and are working fine right now.

Also, being given the incentive to seed torrents? Jeebus I can't imagine how hard the government would act upon this.


BITCONNEEEEEEEEEEEEEEEEEEEEEEEEEEEEEECT

This token already tradeable in Binance and the highest price yesterday 4 times more than ICO price,  so all investor in ICO get nice profit.  BitTorent ICO was sold out in minutes because this token will tradeable in Binance first and many investor will have prediction the price will going up. 

Lucky for those who anticipate and able to invest when the ico got offered inside binance as they already gained with their initial investment, time now for people to move on and take this as another surviving project that has been launch inside the market,needs for investors and traders to review and study
how the market will embrace and support this coin and what could be potential benefits for long term progress.

You can Buy BTT at CoinSwitch.co (https://coinswitch.co/coins/bitcoin/bitcoin-to-BitTorrent).


Know About BitTorrent (BTT)-

BTT tokens (TRON based cryptocurrency), which would be issued by the BitTorrent Foundation, features and specifies TRX10 compatibility where they have to adhere to the technical token standard, enabled by the TRON blockchain. BTT (Tron based token), which serves over 100 million users and is meant to increase the network speed and eventually attain faster downloads. BitTorrent aims to tokenize its content sharing ecosystem. The BTT ticker is presently used by a trading platform called Blocktrade, and hence should not be confused as the BitTorrent coin price is yet unknown.

Justin Sun claims that this cryptocurrency on TRON Network could empower the new generations of content creators from across the world, where their content can be visible and shared across making it one of the biggest crypto projects so far. As per the token’s whitepaper, the total supply of 990 billion BTT will be minted. The non-US users can get it through Binance Launchpad (which is great) and even introducing BTT airdrops. Initially, the token related features will be implemented on the Windows, as a part of µTorrent classic software, which will be compatible with other clients.

You can read the complete article here: https://coinswitch.co/news/trons-bittorrent-coin-launch-know-everything-about-this-new-tron-based-token

BTT tokens are one of the successful tokens, their projects have a good future because they get great support, Luckily for investors who have bought BTT tokens at the beginning of the sale. They all have the opportunity to make a profit when selling it in the future. We will look forward to what will happen next and I am sure that a bright future for BTT.

Not good if an average investor can't even buy during the launchpad-Sale. less than 1000 bought in the sale which was held in Binance's launchpad. thousands of participants were just clicking the button to just get in and continuously filling the endless captcha.

Bnb and Tron pump during sale

https://bitcoinexchangeguide.com/ex-tron-employee-says-justin-sun-and-changpeng-zhao-pumped-trx-and-bnb-during-btt-ico/

Are you really calling the BitTorrent token "successful" already? They were just distributed quite recently lol. Can you also tell us why you think it will be successful besides having "great support" like you're claiming? Because personally I really don't know what the token will be actually used for, as torrents are working fine at the moment.

But who cares ? If you go for studying the real life applications of each and every coin and tokens then you may end up like bitcoin alone will be more than enough or may be few other altcoins and all others are just existing for getting pumped and dumped in cyclic manners and whales are making money from those cycles and small players are blaming their fate and again looking for another new assets to try their luck.

In the past, many ICOs have sold out in minutes but I wonder where they are trading right now. People just look for momentary benefits and for this reasons devs are just focusing on bring hype through various promotions.

Declaring sold out in 15 minutes is pure promotional stunt still it makes their plans to work as per expectations among these naive crypto investors.

Yeah, I'm not really sure about this model myself. I don't mind to say I seed quite a bit, so of course if they start putting out tokes, I'm going to be in line for my share, whatever they're worth. I highly doubt seeders need to be incentivised, and those jumping on to seed for free tokes won't be many. Effectively, they're not going to improve the market...

BUT, if they incentivise very poorly seeded files... like oh, you know. La Piovra season 1 that took me weeks to download. Heh. Might work?


Damn that still makes my lip crack when I smile.

coinmarketcap is faulty all the data marketcaps trade volumes are wrong misleading investors

Yea. Honestly if I were to be given the chance to earn a bit of money to seed, then sure I'd take that. But who the heck is willing to pay to download a torrent though? Well, it might bring out the rarer movies/music or files in general like you said, but is that it? The downloader of that hard to find file then downloads the file once, then what.

I'm still not convinced really. I'm very open to changing my opinions on the BitTorrent token if someone successfully convinces me.

Its more like some venture capitalist buying that and making the volume go crazy. I wont trust any ICO at this stage of the market to be raising so much money and if done so the source of money is definitely not crypto since it has dropped a lot. Its probably like I said a VC who bought with fiat. Also you should stay away from CMC metrics because they are often incorrect. I prefer to do my own research here by auditing the smart contract and checking the amounts coming into that address if its publicly available.

I see people mocking at Bitconnect here which is also apt in this scenario. Shittokens which are hyped like anything are obviously going to dump deep. TRON and its propaganda is not organic to bitcoin's ideology in my opinion. BitTorrent was also never supposed to be like this.

I followed the ICO and I was impressed. I have not joined it because of the market conditions at the moment. But now I'm so sorry not to participate the ICO. I am not sure for the future of BTT but it was a very good opportunity for the flip.

 

I want to know what the aim of the big whale is to buy all those tokens, if they have been buy token by the popes, it seems like they can manipulate prices at any time, i thinks small traders must seem to be careful if the popes dump tokens in exchanges

Small traders should learn to ride with these whales if ever you've caught one.

Of course, the whales want to make a profit from that coin, nothing else. If you want to make a profit from that coin too, you'd better follow the whales since the price still at a low price. But be careful to buy and sell this coin because there is a chance for that coin to get dump too deep after it increases higher, so use the chance to make a profit while you can.

Ok, the OP open this thread in Feb 1 so let's see how it is doing right now.


So it pretty much says that it has a big push and many joined the hype (including me  ;D) early on and then slowly dumping and booking profits. And it's a typical pump-and-dump scheme, but I will say that Justin really did a good job hyping this coin in the very beginning but so far it has slowly declined and might continue to do so in the long run, so invest wisely and at your risk.

The opportunity to buy BTT is very low and very few people can own this great opportunity. I think we have to be very lucky to be able to make good profit from BTT and this is also the first project IEO makes many investors interested and many other exchanges are doing the same thing making the topic IEO is being mentioned a lot in recent times. Perhaps this is a new beginning for price increases and ICO will probably have to die soon

Wow, that was mind-blowing. I guess that this time in this year we will have the next tron. But TRX was hyped by Justin Sun last year. What hype did BTT made?  ;D

I was not aware if it was due to binance putting them on sale or it was actually the btt token that got the attention. I mean do you really think btt is that good to be bought in 15 minutes or do you think thats how good binance is. Would the result be the same if it was some other coin that binance helped to get on market ? I think that the result would be exactly the same.

If I start a coin right now and spend maybe couple thousand dollars to make it look unique with design and some fancy talking and all that and binance agreed to do my ICO for me than I could get my made up horrible coin get sold that quickly thanks to binance as well. I still do not trust BTT and I do not think its a valuable coin as well. I think they need more time to prove to us that they are a legit good coin.