Bitcoin Testnet3

[jokerlu]

I see how supply and demand are giving a real price to something that supposedly shouldn't have value. Currently, Bitcoin Testnet3 is reaching $0.3 steadily. I think that before the end of this year we will see it above the dollar. It is one of the oldest currencies in the entire crypto world, and when you least expect it, its price will skyrocket.

[Ambatman]

I see how supply and demand are giving a real price to something that supposedly shouldn't have value. Currently, Bitcoin Testnet3 is reaching $0.3 steadily. I think that before the end of this year we will see it above the dollar. It is one of the oldest currencies in the entire crypto world, and when you least expect it, its price will skyrocket.

it has a price tag?
I'm shocked since many lend it here for free.

It is one of the oldest currencies in the entire crypto world, and when you least expect it, its price will skyrocket.

it is not a currency and designed to be valueless
Even if some people are trading it
It lacks the key property of a currency.
How can it's price skyrockets when it can easily be resettted no puns intended

[OmegaStarScream]

I see how supply and demand are giving a real price to something that supposedly shouldn't have value. Currently, Bitcoin Testnet3 is reaching $0.3 steadily. I think that before the end of this year we will see it above the dollar. It is one of the oldest currencies in the entire crypto world, and when you least expect it, its price will skyrocket.

Where did you see them for sale, an actual exchange? do you mind sharing the link? These are usually obtained through faucets, and they're free.

[jokerlu]

I see how supply and demand are giving a real price to something that supposedly shouldn't have value. Currently, Bitcoin Testnet3 is reaching $0.3 steadily. I think that before the end of this year we will see it above the dollar. It is one of the oldest currencies in the entire crypto world, and when you least expect it, its price will skyrocket.

Where did you see them for sale, an actual exchange? do you mind sharing the link? These are usually obtained through faucets, and they're free.

https://altquick.com/exchange/market/BitcoinTestnet3

[jokerlu]

I see how supply and demand are giving a real price to something that supposedly shouldn't have value. Currently, Bitcoin Testnet3 is reaching $0.3 steadily. I think that before the end of this year we will see it above the dollar. It is one of the oldest currencies in the entire crypto world, and when you least expect it, its price will skyrocket.

it has a price tag?
I'm shocked since many lend it here for free.

It is one of the oldest currencies in the entire crypto world, and when you least expect it, its price will skyrocket.

it is not a currency and designed to be valueless
Even if some people are trading it
It lacks the key property of a currency.
How can it's price skyrockets when it can easily be resettted no puns intended

In a real economy, the price of any asset cannot be regulated because it becomes scarce. I'm just saying that when the stigma that it shouldn't have value is lost, this currency will rise sharply in price. I'm just saying, if a simple meme rises so much, why wouldn't this currency, which has been around for more than 14 years since it was created, do so?

[Pablo-wood]

I see how supply and demand are giving a real price to something that supposedly shouldn't have value. Currently, Bitcoin Testnet3 is reaching $0.3 steadily. I think that before the end of this year we will see it above the dollar. It is one of the oldest currencies in the entire crypto world, and when you least expect it, its price will skyrocket.

By the end of the year? No, tbtc has $0 market cap and it's trading volume is just $781.60. Don't forget this coin was just created for testing purposes so it might even fall to having $0 value. Most of the exchanges who offer tbtc only provide it to their customers as a risk-free environment to trade and learn.

But how will a coin with the lowest trading volume skyrocket?. What market cap will it use and how will it's total supply be calculated when it's has an infinity value. With the current price of tbtc it doesn't change the fact it is just for testing and development purposes no real value attached.

[highalch]

It lacks the key property of a currency.

It has more currency-like properties than most of the shitcoins still
I'm not surprised ppl are trading it. I remember Goerli ETH tokens were traded, they were hard to come by after Sepolia launched. It's kinda the same thing.

[X-ray]

I see how supply and demand are giving a real price to something that supposedly shouldn't have value. Currently, Bitcoin Testnet3 is reaching $0.3 steadily. I think that before the end of this year we will see it above the dollar. It is one of the oldest currencies in the entire crypto world, and when you least expect it, its price will skyrocket.

the the layer2 projects are the one that caused the testnet coin to have price like this.

so many of them requires bitcoin testnet3 to run validator as well as participating into their testnet phase, also the fact that most of testnet3 faucet getting botted into oblivion doesn't help either.
it's ridiculous but it happens, some people just trying to drain faucet out of their testnet token and resell it.

[Cryptohygenic]

I see how supply and demand are giving a real price to something that supposedly shouldn't have value. Currently, Bitcoin Testnet3 is reaching $0.3 steadily. I think that before the end of this year we will see it above the dollar. It is one of the oldest currencies in the entire crypto world, and when you least expect it, its price will skyrocket.

As much as I know, bitcoin testnet3 is an experimental design to foresee how realistically bitcoin can perform in a real time probably against the future.
That is otherwise as a demo so, if you ever come across the bitcoin testnet3 in a real trading value, disregard it as it  maybe scam.
Or evenly Op, can you tell the exchange listing this bitcoin testnet3 for a reality trading? Who knows if there is a change in time that it has  become a real monetary value.

[348Judah]

I see how supply and demand are giving a real price to something that supposedly shouldn't have value. Currently, Bitcoin Testnet3 is reaching $0.3 steadily. I think that before the end of this year we will see it above the dollar. It is one of the oldest currencies in the entire crypto world, and when you least expect it, its price will skyrocket.

Common wake up, the name testnet should explained it all for you, it's free to get, all you needed is to locate the platforms that offers such for free, don't buy it if others said they are selling and you cannot also sell because no one will buy it from you except they receive such for free, if you're not aware of these before, now then you know, it's mostly assumed for beginners to have a taste of how the real bitcoin could be used for making transactions, for now, it's of no value.

[jokerlu]

Most of the people who comment here know nothing about economics, for those who say that this is not a cryptocurrency is a complete novice in this world, I only say that when this price shoots up and word spreads they will look like fools for not having at least a little of this currency, when they created testnet 4 testnet 3 was already free so that their economy was free, all that remains is to remove the stigma of the testnet and to the moon, by the way this currency is much better than any garbage currency that has come out recently....

[pooya87]

I see how supply and demand are giving a real price to something that supposedly shouldn't have value.

TestNet has always been a bit weird because of its paradoxical nature. It costs money to mine it but it should not have a value!

But I still wouldn't call what you are witnessing "demand" though. It is not exactly a market we have for TestNet coins. It has less than 100k satoshi 24-hour volume (ie 80 bucks/day). Even the worst shitcoins have a higher volume.

Currently, Bitcoin Testnet3 is reaching $0.3 steadily. I think that before the end of this year we will see it above the dollar.

Every now and then there is a scam running in the altcoin world where they swap some shittoken for tbtc and that pumps it to about 600 satoshi (again with the same low volume) and then it comes back down.
You are overthinking it in my opinion.

It is one of the oldest currencies in the entire crypto world, and when you least expect it, its price will skyrocket.

It is not exactly a currency since it is not used as a medium of exchange.
As for "skyrocket", little to no volume markets can't be referred to as "skyrocketing". I checked the market and with less than 1 bitcoin you can pump tbtc3 230%!

In comparison litecoin which is one of the oldest cryptocurrencies has 5500+BTC daily volume and 1BTC would affect the price in 1 digit percentage.

[SilverCryptoBullet]

Bitcoin testnet needs physical resources to be mined but they are not designed for sale. Testnet bitcoins are helpful for developers and community users and testers to get development, bug check, user experience and product deployment test before they can officially do the same on Bitcoin mainnet.

Bitcoin Testnet network difficulty is reset with time so it's not too hard to mine tBTC.

The Block Storms of Bitcoin testnet.

The difficulty will reset to 1 if the time since the last block is more than 20 minutes. There is no stipulation that after a difficulty reset block that the next block must be the normal difficulty; if the next block is more than 20 minutes after the current block, then it can also have a difficulty of 1.

For blocks that are found within 20 minutes of each other, the block's difficulty will be the same as the difficulty of the last block in the difficulty interval whose difficulty was not 1 OR the difficulty of the first block in the difficulty interval. This behavior is defined here: https://github.com/bitcoin/bitcoin/blob/master/src/pow.cpp#L32.

The way that the difficulty retarget works is that, at the beginning of the new difficulty interval, the difficulty of the first block in that interval takes the difficulty of the last block in that interval and multiplies that by the time it took to mine the 2016 blocks and then divides it by the target time. The result is then clamped to be at least 1. Since this is based upon the difficulty of the last block in the previous interval, if that block is difficulty 1, then the next interval will also have a difficulty of one.

So what we are seeing here is that the last block in the interval is found 20 minutes after the block before it so it has a difficulty of one. Because the next block adjust the difficulty and it only looks at the block before it (which is difficulty 1), the difficulty of the next interval is 1. So the next 2016 blocks are mined at difficulty 1, and the difficulty then slowly adjusts up again.

Bitcoin developers can shut down a testnet version if it is abused to much and move to a next testnet version.

[ABCbits]

Currently, Bitcoin Testnet3 is reaching $0.3 steadily. I think that before the end of this year we will see it above the dollar.

In other words, the market cap is very low. Looking at current page of https://coinmarketcap.com/?page=12 and testnet3 price ($0.3), testnet3 would take position #1176.

It lacks the key property of a currency.

It has more currency-like properties than most of the shitcoins still

It also has been around than almost all shitcoin.

Currently, Bitcoin Testnet3 is reaching $0.3 steadily. I think that before the end of this year we will see it above the dollar.

Every now and then there is a scam running in the altcoin world where they swap some shittoken for tbtc and that pumps it to about 600 satoshi (again with the same low volume) and then it comes back down.
You are overthinking it in my opinion.

And it comes under various name, such as airdrop and testing. Related thread, Why High Demand for Bitcoin Testnet Coins?.