Bitcoin Forum

So I had been staying in Mercatox just looking at the trades.
Yeah, despite of Binance being at the top I still want to see how other trading websites are working their magics.

Recently one coin had been added.
I just hate it when people use the "Bitcoin" name for their coins.
There are a lot of words out there. Why not use them? Be unique.
The problem is because newbies might confused this for bitcoin and looking at the cheap price they might really bite that bait that was thrown.
I don't know about anything about the coin so you could judge it.
Market is still low and I don't think it will get any higher.

https://mercatox.com/news/bxc-added
Ticker is BXC which might really get confusing and the name is Bitcoin Classic. What?!!
Newbies, be really careful with what  you buy.

You could also enlighten me of what is it about. I don't want to make efforts digging more for it might be just a waste of time.
I'd rather read comments here.

It's nothing to worry about, many projects that uses bitcoin name are all ok and few of them are doing very fine, the dangerous project you should avoid are those that have no use cases, bitcoincash have it's use case likewise others like bitcoin diamond, bitcoin private, bitcoin gold, bitcoin Atom, I will choose these coins over many new projects today

Well, blame this to the BCH, BSV, BTG, BCD, and the many other bitcoin wannabes that came before this BXC.

This is exactly the reason why they want their name to be as close to popular coins such as Bitcoin. They are not really targeting the crypto veterans in marketing their coin or token, they are hoping newbies would fall for it. But just like many other copycats, they will soon leave the market with their pockets full of "newbie monies".

Actually it's my first time to hear of this coin, I then check in CMC but no data provided for now - https://coinmarketcap.com/currencies/bitcoin-classic/
It's pretty confusing because this looks like a fork but without big personality backing, I don't think this coin would ever survive.
thus far, there are only 2 forks that are popular, the BSV and the BCH.

See BCX trading on Mercatox exchange https://mercatox.com/exchange/BXC/BTC did not show good results in this trade, yeah like this coin fork will not last long to see conditions like this let alone Mercatox exchange often coins become shitcoin .

Well some of the projects that are using the ticker bitcoin at start of their project name is like part of their marketing plan also so I cannot see that it is bad as we have freedom in crypto on what we like to launch and what name we like to choose.

As an investor, it is part of our work to investigate the project that we like to invest and for the newbies you should be resourceful to avoid investing in wrong project.

I do not like these copy cat projects and i do not think that they are going to have any value as soon as market will know their real value. Personally i stick to the real bitcoin and try not to lure into other forks and chains even like bch, bsv because im not entirely confident about them.

I think that they are directly targeting uninformed newbies.
I don't know why an exchange accepts such a coin, it makes them part of the scam really.

I have an account on mercatox and sometimes I am looking for possible arbitrage small exchanges do not react that fast in the change of price compared to a big volume exchanges. Now back to the topic this exchange is full of sh*tcoins there are so many coins with no volume at all and only sell orders and no surprise they are targeted by sh*tcoin projects for listing.

Anythng that uses the Bitcoin in their name wanted to have a share on the popularity of Bitcoin and it is really annoying because it was intended to pirate the Bitcoin users.  And Newbies might mistaken this for Bitcoin so I also hate to see altcoin project using Bitcoin name as stair step to either scam or mislead investors.

I never cared about new coins after losing 1 BTC on shitcoins,
whatever the name is, the best is a coin that has a ranking of 10 in the coinmarketcap.  whatever the name and reason aside from the 10 coins then the coin is not worth buying,
if you still buy it, then be prepared to lose everything :)

While newbies really are confused bout bitcoin gold, bitcoin cash and/or bitcoin classic, I believe they have that "awareness" already.
However, I quickly glimpse about bitcoin classic. And you were right, it is really misleading. I mean it can be confused as the origibal bitcoin. They should be smart knowing, and studying the difference between the original bitcoin vs the hard fork of bitcoin or etc.

You do know that this IS a shill, right? I mean sure it is an update but it not news;) News is something of impact to all people not just for a particular company or industry but anyway,,, I believe in spreading your risk, not just on one big guy like Binance.

Oh and agree. If you have Bitcoin in your alt's name, you are a scam. simple.

Its not a big deal mate.there are lot of coins their name starts with bitcoin.maybe they are trying to make attention.if you blame this then what will you do others coin.Even some shit coins like bitcoin cash,bitcoin SV etc.Do you remember about bitcoin SV? CEO claimed that this is the real bitcoin? i am agree that newbie should trade wisely or they have risks to buy wrong coins.But in trading need to take step very wisely.don't make it complicated.Anyone can create any coin or token that name start with bitcoin.Actually Name doesn't matter,matter is development.

there are many coins which has suffix bitcoin to their names but most of them have no use case. so before going to invest in any coin every individual should do due diligence. dyor.

Whenever I see a coun name with Bitcoin extension, I ignore. That's why I did not buy Bitcoin Cash, Bitcoin SV ever. Mercatox is an average exchange, as this Bitcoin Classic coin kisted there suddenly and no one knows their tech and purpose, then I have no time to research this shit!

I wouldn't go digging with that another bitcoin name attached coin. Usually, with these kind of coins you don't have to waste your time and exert effort knowing what they are all about. Bitcoin is none other than bitcoin. And if another coin tends to use bitcoin again, it's already a sign that whether your curiosity bites you, stop it and don't waste your time knowing more about it. The definition for this coin really suits the very popular call when a coin is of no use and suits in the restroom.

Didn't I just tell that from the start? I know nothing from the coin.
If it is a shill then lots of explanation could have been seen from it including features.
I just want to warn newbies on not buying the wrong coins specially one with bitcoin in its name.  

So how should I post it without saying the name of the coin?
This *** is making a *** for the sake of ***?
Is that how it should be?

I tried to lessen on how the name will be told and even not input it in the title.
Could you teach me how to not make it look like a shill? Maybe you do know how.

If you are a true trader, and investor in the Cryptocurrency, you know how to differentiate a true coin to a clone one to a fake one, because if you do not now you are going to lose a lot of money because you don't know the true one to the fake one, so many newbies are just riding on the hype and they do not do their own research, they just believe on what people are feeding them.

It's old news buddy, it's been this way since years, shit coins do that for a reason, fancy names linked to major cryptos just to grab to noob's money.
t's always this way in shit exchanges, they get their cams there, so people who do 0 DYOR will fall for it.

There are many bitcoin forked or altcoins with bitcoin extension coming, we know for the fact that nothing can bear bitcoin itself so why bother investing in it,when we are able to buy one which already shows how it perform. It can consider though for short term trading, depending on it's performance but for just a short time investment.

BSV and BCH is the only fork that the Bitcoin was released let's say this is like a new coin that comes from the blockchain of the bitcoin so it was consider as an official kind of Bitcoin thing, in regards with the coins with bitcoin name I think they just idolized bitcoin for what it is right now specially on the market and also maybe the new investors or newbies are targeted by this projects to gain for themselves knowing that it has a bitcoin on its name and they might think that it's an actual bitcoin itself.

Let's just spread information specially to new investors and newbies on the cryptocurrency industry so we'll be able to educate them about those kind of coins.

Imagine, if you have a rich family of yours, and you consider not taking their last name with you, people might see that you are separated with the family, someone that is not a member of the rich family you have. In some other times, having the same last name even if you aren't really connected by blood still makes an impact to the connection or relationship you have. I short, cryptocurrency forked from bitcoin and attached the name of bitcoin to their new crypto aims to inherit some of the trust of the people that is provided to bitcoin, and to somehow say that they have the same characteristics of bitcoin but with a bit of improvement. In simple terms, for the sake of demand.

But every person in my opinion always wants to get a large profit so they will choose to invest in lots of coins but this also can ultimately be bad if they put their money into the coins. Maybe for me bitcoin is a coin that must be invested and some other altcoins like litecoin, ethereum are also good coins to invest.

Yeah I get that.
The problem though is this coin didn't came from a fork.

They are even freaking using the BTC with just a green background.
That is not really good.
We should really put more efforts into reminding newbies where to put their money with or else we can see more haters of bitcoin coming around.
Just a prevention of being a victim with this kind of marketing strategies.

That's right, I don't usually invest in those kind of coins as well as for me they are just using the name of Bitcoin for them to attract users and for each user perception that they are part of Bitcoin. So for me, you just need to just be careful in everything, don't be too hype.

We have few difference between the big exchanges and small exchanges. first thing big exchanges will have more trades, big community, high volume and big team with them but unfortunately this will not be succeed at by the small exchanges.
Then people also will have less interest over those site