Is the BTCST token a good investment?

[Sun2k]

Hi all  ,

In your opinion, is it a good investment to buy the BTCST token to participate in mining and hoping that this token will increase in value?

Thank you

[DaMut]

are you talking about this? https://www.btcst.finance/
is not it in an endless dip after it was launched? I do not see any potential investment in holding this except halving your portfolio.
I would rather buy bitcoin itself since it is in discount right now or at least top cryptocurrencies rather than this.
it is too risky, it is not worth the risk.

[Sun2k]

are you talking about this? https://www.btcst.finance/
is not it in an endless dip after it was launched? I do not see any potential investment in holding this except halving your portfolio.
I would rather buy bitcoin itself since it is in discount right now or at least top cryptocurrencies rather than this.
it is too risky, it is not worth the risk.

It went up to $ 1000, this token is launched by Binance, I think it will go up to its ATH but it is a risk

[jossiel]

It went up to $ 1000, this token is launched by Binance, I think it will go up to its ATH but it is a risk

Went up by $1000? I don't see it that it has went up to that price. It's far from what you're saying. The highest price that it did was $55.

https://coinmarketcap.com/currencies/btc-standard-hashrate-token/

Every investment has its risk and most of the altcoins are aiming to get into Binance. There are only two exchanges that it has it and there's a good volume for both of them. Have you already put your money in it or you're asking because you're about to invest?

[DaMut]

It went up to $ 1000, this token is launched by Binance, I think it will go up to its ATH but it is a risk

Are we talking about the same currency now? did it really go that high while it is at $33 now? that is almost 30x from where it is, can not believe it.
doing some research about it and found out their average daily profit is about 0.4BTC or $20,000
from the looks of it, it does not seem like worth it especially for the small fishes.

BTCST token being run on the binance chain have done incredibly well in the past few weeks haven being able to raise in price after it get listed on the exchange.  But that not withstanding when it comes to cryptocurrency investment one need to be careful and do a lot of due diligence before jumping in. So to me carry out a personal reseach if the risk is worth taking then you can go ahead and invest.

rise? some people said their investment went down for about 50%, that does not rise instead going down.

[Ridwan Fauzi]

DeFi token right?

I don't know this event will stand for long time since we haven't seen an indication that the event will eventually end like ICO and IEO. Maybe there is some feature which will make DeFi is being used by most crypto user because the system like a bank system.

As for worth or not to invest in BTCST I only see for short term time that the token is bad. Take a look with the price movement, just need a few days to dump a half from its all time high. It means, the token just being choosen by short term investor not from long term investor. So, be carefull with the coin, if you use the money that you can't afford to lose then just find another coin or you only choose bitcoin.

[janggernaut]

This is only HYPE coin, nothing else. Just because it get listed on binance, doesn't mean you can jump into it with your money. I would suggest you to invest with little amount to prevent huge dump on this coin later if you are still interested to buy. Personally, my advice is just stick to top 20 popular coins, then when those coin got dump, you can jump it and buy a lot and wait it until it go up again

[Coin_trader]

are you talking about this? https://www.btcst.finance/
is not it in an endless dip after it was launched? I do not see any potential investment in holding this except halving your portfolio.
I would rather buy bitcoin itself since it is in discount right now or at least top cryptocurrencies rather than this.
it is too risky, it is not worth the risk.

It went up to $ 1000, this token is launched by Binance, I think it will go up to its ATH but it is a risk

what did you mean by it went up to $1000 because in coinmarketcap the price is about $33 buddy
even the ATH is about $55,,
if you predict this token will grow and touch about $1k, i think its hard to be true

Coinmarketcap only provide price history from the day the coin listed there. They didn't fetch previous price data of the coin prior to its listing. It is true that BTCST jump to 1000$ on its initial listing on binance last January 14, 2021. You can see it when you view price chart on Binance which you can't see on CMC since they only list BTCST on March same year.

The initial supply of this coin is only 1,000,000 with 25 week vesting period for max supply, So its possible to gain that price on initial stage then dump now since many token already added on the Circulating Supply.

[Sun2k]

Thank you all ..

Why do I have this huge daily candle that goes up to $ 1000?

[LGD2Business]

It is good for short term gains but I don't see it become successful in the long term.

You better make some money while it has hype around it, that won't last long.

[bassbity]

BTCST is a token that when it was launched had a very high DYOR rate, you were only late coming to the market. because you should have BTCST tokens before launch. by following the pre-sales program. if you think you still have the potential to have ATH it's up to you. because for now the token will first decrease in order to dispose of the holders. when it is almost finished disposal, investors will enter and buy in very large quantities, until the price of the BTCST token becomes unfriendly to buy.

[Sun2k]

Thank you all for your explanations ...

Do you know why there was a huge GAP?