Do your research before investing on ICOs

[ChiNgadOr]

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

[1715404609]

1715404609

[Queen_Amber]

thank you for this. im really curious about this project and was ready to buy it.. crap

[Locotoni]

hello, i reply on your post in SPeculation to.

but i have question about your signature.

what is last blockchain project - based on UK, and now is on exchange?

if you can give this info.


Bittorent is working product, have 100 000 000 user, i think ICO was minimal pool. 7 mln $ is nothing for them.

[asche]

If you don't say it's scam you might want to move this to Investigation board rather than scam accusation.

Thank you for the work anyway. I'm staying clear of it either way since it is a shitcoin in my mind.

Their usage scenario/economic model is just a joke/garbage, pick your fav'.

[shitcoinoffering]

An interesting thing that more BTT trades to USDT than BTC on Binance 
And I don't think everything clear with volume...