Along the way, we will take a look at BTT price analysis before we go into BitTorrent price prediction. Going by its market cap, it has become one of the best gainers in the shortest time. The old token is now named BTTOLD, and the new one is BTT which launched in January. This BitTorrent price prediction will reveal more about BTT’s potential for surviving the crypto winter, through its market of the most extensive file-sharing protocol with more than 100 million users.īitTorrent said that under its planned redenomination of its token BTT, it had burned 541 billion BTTOLD representing 54.6% of the total.
The new ownership then introduced BitTorrent to the crypto market to help expand BitTorrent protocol and incentivize the volume of users or traders on the network. To that end, BitTorrent was acquired by the Tron Foundation, creators of the Tron blockchain, in 2019. Since its launch in 2000, BitTorrent has struggled to monetize its massively popular service into a profitable investment. It's your money after all.Īgain, not financial advice just my thoughts. We are all different with different dreams and goals so do as you wish. I only invest what I am personally willing to lose and I never assume a particular coin/token will reach a certain price. Could be sooner if they burned a large supply. But I don't believe it'll happen anytime soon. None of us have a crystal ball so we can't predict the future. You need to have patience along with a strong stomach for such a roller coaster ride. A lot of people on here get euphoric when they see it shoot up (like it did recently) and they get frustrated when it falls like a rock. Many people don't want to wait months let alone years. In my opinion, I don't think this is possible and brings me to this last point. In this context, I mean I see a lot of people with the YOLO mindset thinking that BTT is going to $1 soon. I can say that I see a lot of impatient people. Going by these metrics alone could result in exponential growth for most of the coins/tokens that have real-world use. This is good for overall adoption and price. More people buying = higher prices because supply diminishes. Now we also have a new generation of investors playing in the market which also drives prices upward. New investors related to first point - see below In my opinion, crypto will become even more popular for many reasons. Crypto as a whole has gained more popularity over the years. So, in five to ten years valuations could be significantly higher than they are now. The only way I personally see it going to $1 within the next 5 years is if they burn a decent supply of the token. I don't need or rely on the money I have invested in it. I know where my sell target is because I know when enough is enough and I know that my personal target will result in my own financial freedom. I am personally not selling anytime soon even it were to reach. In fact, I like it which is why I continue to hold it. You've gotta sell at some point to realize your gains to buy your own island with a helicopter 😉. Remember, the entire reason that people invest in such things are to make money - not to hold it for eternity. Many people bought in when it was much, much lower including myself. The people on here screaming, "JUST HODL", are just a fraction of the overall demographic that hold this token. If some miracle happened relatively soon and it rocketed to over a penny, too many people would jump ship and sell increasing the sell volume relative to buy volume thus driving the price back down. Assuming it will hit $1 means that it would have a similar market cap of Bitcoin's current valuation - which has a $1.1 Trillion market cap. Anyone who thinks it will hit $1 within the next 5 years is plain ignorant of how valuations/trading/stocks/crypto/markets work. I've been holding since the day BTT was available to buy. It's not going anywhere near a dollar especially anytime soon. Not financial advice, but here are my thoughts on BTT.
0 kommentar(er)
