Bitcoin Forum

Dear friends

I am seeing the trading details of Bittorrent and am horrified how many people will be loosing lot of money.Be carefull with the FOMO, and remember you always should buy low and sell high.

Looking at the details in conmarketcap, nearly $450 M. have been traded in last 24 hours, which is an insane ammount. Cant remember now something as overhyped at this, and when it falls, will drop hard.

I always take a look at marketcap instead of price to realize if there is potential. Value just over TOTAL supply (as circulating supply isnt public yet):

990.000.000.000 BTT x $0,000905 = nearly $900 M.

In  https://icodrops.com/bittorrent/ it is stated that ICO ended on 28th january, raising $7.2 Millions.


So marketcap now is :

$900 M./$7M. = 128X --> 12800 % increase


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PS: IMPORTANT INFO

It is said that ICO was restricted and ONLY 962 persons in the WHOLE world were able to join ... Lots of crypto entusiast raised a huge red flag over this operation as it seemed a  blatant scam to many people.

https://www.youtube.com/watch?v=uHxG7J2bpcY&app=desktop

this pump and dump here with the fund raising was the only reason why TRON bought the brand in first place. they weren't actually buying, they were investing in it. and now it is paying out, in millions of dollars in their pockets overnight for doing practically nothing!

unfortunately that is why the altcoin market is not capable of moving forward and all we see every day are these useless pump coins instead of good projects setting out to change the world!

BTT is doing same pattern like Tron and yes people should be very careful about this, I think its a Tron strategy surrounding this project along with all the hypes. Just like Tron it will surely hurt investors pocket after the dump.

To be honest, if people still fall for these kind of scams they deserve it.

Nice of you to put out a detailed post, hope it will help someone

It's just another fraudulent ICO from TRON CEO. This time he even have arrangements with Binance CEO, so it's a really big game. Yes, indeed, many people will lose a lot of money with BTT as well as with BNB, but still the second is a little bit more safe.


It's harsh, but true thought.

I'm glad I weren't able to get whitelisted under 1000. Bittorrent I think is still a great file sharing project to invest to. An investor has to wait right?  ;D

Given an opportunity to buy millions of BTT for $500, I'd be interested to actually buy later on if my wishful thinking gives me the opportunity. I'm a torrent downloader too.

That is why I didn´t buy BitTorrent tokens because I know that Justin Sun will push it for few days and after that free fall will happen.

this is normal )))

becouse of torrent / bittorent. is working product. and its TOP fileshareing platform, with 100 000 000 unical user.
+ check exchanges numbers  :D this is great. + i think exchanges is major for prices and growth.


if my grandfa will make coin, and this coin will be on this exchanges, i think wolume will be more then Bittorent  :D :D :D :D

https://i.imgur.com/z3L6457.png


+ i want know about next Binance launchpad ICO -  


https://i.imgur.com/kUXbEql.png



Last  https://launchpad.binance.com/details.html?projectId=44&lang=en




ICO Token Price: 1 BTT = 0.00012 (ICO)
ICO Token Price: 1 BTT = 0.000997 (exchange now)


ROI = 730%  (formul : ( 0.000997-0.00012) / 0.00012 ) * 100  )


730% roi is great, and if Fetch have potential, i will try.

Those that weren't involved are always going to cry fowl. Those who have made a huge profit - Well done! Those that are getting the airdrop (great stuff, even if small!).

If there is just one reason i fear TRON is basically because of pump and dump such as these They have a way of making things absolutely miserable for every one out there They are mostly the real investor in the coin and now they are getting more money with basically if you ask  me just shitty coin

I am going all in in Fetch ai. Believe me, a new hype around binance launchpad has started!  Fetch ai will show 2x at least.
As for bittorrent unfortunately I was unable to invest, but now I agree with OP , because market cap is too huge!

These all make sense for me. It looks like justing has already cooperated with CEO of binance to run this scam.
If you remember when it was reached 7.2 millions dollars and then the ico price was around 0.00012 according from the ico drop and it can be calculated about how much distributed to the ico and it's around 60.000.000.000 in circulating supply right now.

It's not even touched 10% from the circulating supply. this is a manipulation from justing and binance.

128X? LOL. haw you can calculate 128X :D :D


https://i.imgur.com/xyAa4FA.jpg

Hi there Mr Fudder,

How are you today? Its always good to see people making money- and there is a lot making good money from BTT over the last week or so. BTT is just the start. As you feel like you missed out, keep an eye out, there will be others to come on the Tron platform.

Maybe you should look up the meaning of shilling - not sure how congratulating people = shilling. There is however a huge case of fudding on the first post on this thread.

128X? Wish I was one of the lucky ones who bought it.

How's the AELF going? Still down from $2.40 to $0.09 - keep it up ;)

BTT is good for those who got in the ICO and have cashed out their gains. Hard to expect it to maintain these gains in this market.

This is just another wanchain like scam.

Those people that already entry BTT market think only because the ICO uses the name "Binance" as a shield, so they think it is still in a safe zone especially with the presence of the well-known Binance market volume. It's just that they forget something, the coin will also pass their moment and there will be a saturation time.

Oh my God!
Only 962 participated in the 7 million ICO? Looks so bad to be true. Looks like an organised professional scam.
Looks like bit torrent and tron wanted some money ASAP so they launched this ICO to milk money from users.

no it is not organized scam and it is not something strange. this is what happens when a big name asks for money like this!!! they don't have to do anything though, their token is just as pointless as the rest of them but since they have a big name they can raise large amounts of money like this.
but since their token is like the other thousands of tokens, they will also die. and you should stay away from these kinds of investment.

What can you expect with Trons owner? he's been known with marketing tactics and people are buying on it. Same scheme and strategy is being applied with BTT from Tron.

Bittorrent ICO is a perfected Sham, I don't understand why people are betting big on this ICO, looking at the tokens for me I still don't understand why there is need to have token incorporated into the platform, this is a working platform with millions of users already. But people will always gamble with their money but this will not end well for those that FOMO into it

then does it have to require many people to be successful? in the ICO world when there are 5 people investors and can make the ico immediately successful then it can happen.

When the distribution is poor there will be many pump and dumpers doing price manipulation. Justin Sun probably holds a massive amount so he is going to be happy

Just put $10 on this crap take take it back when it becomes $20. Make yourself a free beer. I put $30 on this shit (because scams like this can get very big before they go to zero)  and will dump after it makes me $100.

There isn't anything else to do with shitcoin. Actually I described all the shitcoins...

Just create yourself a sell order at x2 or x3 above the current price and wait for people to buy your shit

IMO, Justin Sun is well known for marketing and create fomo for TRX. I didn’t buy BTT, it is overhyped by both Justin Sun and Binance.  Stay away from this guy, he is good at pump and dump.

You don't calculate an increase like that... Marketcap entails the circulating supply and the price.
This is not the best way to interpret a percentage increase in price.
Probably using the ICO price and then the current price to get the percentage increase is a much better approach.

I know about the high market cap and probably thanks to that BTT token can't rise more in the current situation. But all people here believe in 100k and more for 1BTC, then another rise is very possible.

All I understand is that in order to gain a profit, people pump BTT ''to the moon''. Because, this price increase seems as a profit that people cannot provide since long periods of time. After BTT, when ONG was listed, it had the same volume and increase.  ;)

Binance is a most trusted trading exchange so they check the background of the project. But we pay huge money in Binance they accepting the listing, so small scale traders are safe in this journey and some large scale traders are carefully enter in this kind of project.

well btt is also a member of a pump and dump team  ;D with the supply of 990,000,000,000  where do you think it will go..hoping that the investor will exit on this token

People should by now have a proper understanding of pump and dump, a good trader should not be a victim of these if true, though it’s good to take advantage of these action as a good trader but for the upcoming ones, its necessary to be careful because it could backfire a big time, this happened to one of my coins when I didn’t trade with care, my 450usd later turned to be 30 usd, so now what I do in trading is to take little profit I get on it when it’s being pumped and buy when dumped.

well bittorrent is just another pump and dump coin.. if you bought in binance and you did not sell early then you lose..its there strategy just to gain investor

This is a very likely scenario, but it is possible that they also have long-term plans .. It would not be a surprise for me if now the accumulation began and in the future, will come even bigger pump.

I also think the same that is why, Today the price is 24 sat, and i have bought around 10k BTT as this type of coins can go any where and investing 240k is not a bad investment which can give 10x or even 100x or may go to zeroo.

Let's put all that aside, can anyone tell me what is the real use case of BTT tokens? what this tokens will offer to Crypto or BitTorrent community? BitTorrent is a fully working project that does not even need marketing, it is a long established project that is functional for years even before Bitcoin appears. This example we have here is just a showcase of how people can use brand names to milk money from clueless investors, I am willing to hear from anyone that can tell me one only one use case of BTT tokens that can't be done already without it.  

According to me, it is not scam. when Binance decided to support BTT, they had their own strategy. they may have informed the shareholders about this and they were soon whitelist registered. then all shareholders bought BTT and made the price of BTT soar on the trading floors.
This support of Binance is also bringing huge profits for Binance. But the important thing is the potential of a project. if it's a good project, Binance will support but we don't have the slot to buy the token. that is the problem to be solved.

imo bittorent is not a pump and dump coin because bittorent came from a reputable company which is bittorent  . come to think if they will scam people , thier reputation will greatly affected   .  besides , they can already earn millions and billions of cash without creating an ico  .  so dont worry guys  , what happened to btt is only a normal phenomenon  .  almost all crypto coins have gotten there before they become stable  .

The issue of ICOs is very long, but we have had new regulations that are favorable to prevent fraud, however it is very necessary to review and do the relevant research, from the whitepaper to the people who make up the team, I have read that there are currently ICOs that have been collecting and have been successful, are in terminal phases where what remains is to execute the project for which it was described in their whitepaper.

Indeed, before you want to invest in Iico you should be able to read the development concepts that they want to develop through the existing whitepaper, as much as possible you should be able to understand their true goals, make sure you are very confident before investing.

It must be because now there are a lot of garbage and fraudulent ICOs that will make you lose money, so choosing ICO is better to be careful and careful if I suggest if you don't want to lose money

not because to be successful at the ICO now is very difficult because from the time the ICO fraud has gone on so much that has made many investors stop investing because many have lost money

of course it makes investors like to invest ico which removes their money. of course it would be better for investors to choose to invest in assets in the current exchange because the price is also cheap.

Investing into ico's is also a kind of gambling, we don't know the true outcome of the project. Just on some valuation we'll be making an investment, there are people lucky to get 100% growth in a short from the investment same time there are investors who go without a penny as the market of the ICO goes downtrend. As in gambling, here also it is must to spend what is affordable to be lost.

invest in an altcoin that is already on exchange is also anxious if you determine the investment mate, by the way it's better that you have to determine the best of the best altcoins. it should choose the growing altcoin and the performance of a team that is always active so that there is hope for the future well ICO is now not developing from the many products of large investors only a few still believe so all are still not finished, especially getting to a difficult hard cap

I am not hundred percent guarantee giving to an ICO at this time and it will be a huge risk while investment and any ICO in today situation because you lots of scans will only come to this time so we cannot trust that in most of the time.

After this BTT scheme, many people leave the Binance, Now they brought another ICO project and that was sold out too. Binance and TRON using its previous popularity to make money, they are not caring about the people. I did not buy BTT coin and I don't have any interest in it. People really should be careful about this pump dump scam.

Thanks for the heads up. That’s why I only gamble a little on this ICO’s since mostly all of them are just driven by fudds and fomos. Well as long as their coin is already in market and have volume then it’s the investors initiative already whether he is willing to ride its price but basically its for day traders obviously.

In this type of market buying into this post crowdsale after it has already appreciated is generally not a good idea which should be obvious to most investors who aren't new to cryptocurrencies and one of the golden rules is never to invest based on hype or FOMO as it will likely lead to losses so be patient and only purchase an asset if it becomes a value buy

Investing in an ICO is very risky because there is no guarantee that we can make a lot of money. When fraud occurs, we don't know what to do and we have to give up our money. And investing in ICO must be careful and conduct research.

I don't believe in ICO anymore. They are just collecting a huge amount of funds and after that management becomes nonsense. They will start shifting dates for distribution of bounty and elongate the listing of their coin to any exchange, giving us proper updates about themselves. I believe more on self-funded projects and a little bit on STOs.

It seems like binance is keeping the ICO's alive and if this will continue people will start to gain confidence again in investing to ICO but again the disadvantage would be a lot of scam ICO will pop up that has great presentation. With regards to BTT, yes people lose or win but then again thats the risk.

This is what I always preach about, it is good to checkmate  a project before trying to throw your money in there, we didn't just heard of bitcoin and went to buy it because we were told that there would be an increase in price, we went to buy it because we read satoshi whitepaper and discovered that the project is very feasible.

Always make sure you do your research well before making investment in ICOs.

there are so many thread that indicate the majority of ico are scam and those who are not out of them many are heavily manipulated as per whale desire,btt was great example of it and i think new investor should stay away from market for at least one month to see how any ico goes or read different thread about ico to get an early experience of not falling in trap just for quick profit.it is their responsibility to check everything about the ico before investing in it.

It's so sad that a reputable exchanges binance will allow this kind of pump and dump scheme which will question the binace reputation in dealing with fraudulent project. Many traders will get affected once this project will burst as they will lose their money and those developers will abandon the project. We should spread this info to aware those investors to be careful in investing their money.

I am very upset about the current policy of new trading platforms. With his pants, the desire for the trader and other users of cryptocurrency expose very obscene conditions and at the same time force them to provide personal data. Although the very essence of cryptocurrency contradicts this. But instead, It would be better to fight with speculators who adversely affect the cryptocurrency market, which do not allow the natural market and develop cryptocurrency.

The money that I have lose in cryptocurrencies investments that I am not happy with is not through trading but through icos.  Investment into icos projects are full of scamming and I have decided to stop it because of the amount investors have lose. I joined op to said it is highly advisable for us to avoid ico investments. 

That is true that only a few could invest during the initial phase and they closed in a matter of minutes but that does show that they are bluffing, they reached their target in minutes and they closed the initial phase and that is the case with every top level hot projects, it is difficult to enter during the initial phase as it reaches the target in minutes.

When BTT ICO started, I was there and tried hard to invest in this ICO. But binance launchpad did not accept me  ;D I mean Every time i tried to buy BTT coin, it showed me an error! So, when all token was sold out and when I knew only 700 plus people could join in the ICO, then I thought those 700 people were whales or team members from the Binance and BitTorrent! So, people should be careful about investing in BTT coins, anytime it can go to 70-90% down!

whenever anyone say about the investment ICO will be more dangerous people trying to invest on them because it will be more popular and their way of getting the income is more easier but doing it properly will be the most important and thinking about the future also be important to get better investment.

It must be very careful because there are so many projects that die and also cheat we must be able to distinguish and also not arbitrarily invest our money into ico

As far as I am concerned, this is based on my familiarity with the said platform, it looks like there is a definite need to be more careful when it comes to investing to these kinds of cryptocurrency. I am not saying that do not buy but if you really trust the platform and you want to grow together with them then by all means you do invest. But still try to do cautionary measures so that you will not be losing your money in the long run.

So many developer now doing scam and that is destroying the image of cryptocurrency. Many people here who scammed already are disappointing to invest in other projects.

it should indeed be a risk of investing especially the ICO project, they inevitably have a big dump. this has become a natural thing in the world of ICO investment

Some of these actions are not real and it’s pure Dump and Pump they are doing which only the project team knows.
Many of these ICOs are scams and they end up being shit coins in the long run after a lot of people must have invested in them.
BTT project actually looks very promising, so I wonder why they are still practicing pump and dump method. Their strategy is very wrong and it’s only a matter of time before it becomes shit coin if care is not taking. I don’t think it’s a reliable coin.

You are righr because of a lot of scam project the image of the cryptocurrency to the whole internet community and people around the world that destory and that cause for the investor to back out and those future investor are really scared now because of that.
I hope the projects will become legit now so the investor will come back again and to help to the market to recover again.

That's right because if we are not careful then you can lose your money, because from yesterday until now there are still a lot of garbage or ICOs that make a lot of investors lose their money

You are right, I realized a lot of people have started accumulating this coin in which the market is already getting bigger, you know news also has a way of playing big role in the price of a crypto, despite the fact I am not a fan of BTT and hate the fact that they practice pump and dump, a part of me is still considering trading with the coin because I believe a time is coming in the future when they will pump bigger so let me take advantage of it before it turns to a shit coin.

This is why I keep saying that this crypto world is for those who have money already because with the little promotion and payment of money to some major influencers, your project would be on top. Just because BTT was launched on binance launchpad(that wasn't free), look at how it got choked.

As long as the people ready to invest on anything when someone says it can give 1000% profits in few months,then new ICOs will keep coming with different names on it.

Until now we have more than 2000 crypto currencies which is more than enough to sustain the future of cryptos so stop supporting new projects and make the market matured.

The only way one can trust the project or be cautious enough is to go through their white paper first and also check the team involved thoroughly before investing. We should not see it’s as stressful in thoroughly investigating the team behind the project before Investing in a project you expect to profit one in the long run should not.

Even if we do advise that one should invest money that one can afford to lose but the truth is that no money is worth loosing because it’s called hard earned money, I will rather visit the orphanage homes that lose my money to a scam ICO.

yeah even though it's very promising like other project it  always turn to garbage at the end. That's why i preferred also choosing finished projects which is less worries and very ensured.  rather than putting money on some uncertain ICO project because i don't want to waste a money again.  .

People should be 100% sure that their investment made in any project will be safe and secured and will not be scammed. Only invest in such projects where you get the complete information as you require and you know this can make it big in coming months.

I wonder why many people still fall victims of all these ICOs that are out there to milk people of their money, you I know, have realized that some people are just too lazy to do researcher themselves which is quite a bad quality of an investor or a trader, they will rather prefer to rely on peoples opinion than to acquire solid knowledge about the project and make enquiries themselves.

Though whitepaper is not enough to really conclude on an ICO, more research needs to done on the team and project before investing money, most ICO’s nowadays are scam and this is terribly discouraging.

I think that your post will be useful for many, good that you wrote it. But I think investors are smart enough now not to fall for scams. It can be dangerous for beginners.

Yeah, bad ICOs has wrecked so many investors.
That's why I advise investors to invest in the faireum.io project.