Quote from: homey108 on April 17, 2018, 02:13:30 AM

Quote from: cryptoknight_ on April 16, 2018, 11:55:41 PM

It has only been a few months since I got into crypto so I am, I suppose, you can call a noob. I have done some reading on BTCP and I am not sure what to think of it. Lot of comments saying it is a scam but then there are also people saying it is a solid coin. I want to invest but I am not sure with all the mixed comments.

Anything new about this coin and team I should know about?

One of important things to understand about this coin is that the float is extremely small. The devs lied and claim the circulating supply is over 20+ million coins right now, but it's not. It's much lower, likely not even half that much. But even if it were possible to have 20+ million coins in circulation right now, that is still a small number.

What this means is that the price can be easily moved. When there is a little bit of solid buy pressure, it will fly and it will fall just as fast with some panic selling as well. So when panic or fomo hit, the price is easily moved. There are simply not enough coins in circulation (or big enough exchanges) to absorb heavy pressure.

It's also important to realize that eventually it may get on a decent exchange and the larger bitcoin holder might start sweeping more btcp into circulation. There is a potentially large supply that could still be dumped on the market. As long as the price remains low and the coin is only tradeable on small scammy exchanges, these bigger players will not likely bother. But it could be a factor in the future. Right now, medium to large players simply can't do much. There is not enough liquidity on TS or Nanex.

Then of course, the biggie; the dev team.

Quote from: richc1us on April 17, 2018, 12:36:59 AM

Quote from: cryptoknight_ on April 16, 2018, 11:55:41 PM

It has only been a few months since I got into crypto so I am, I suppose, you can call a noob. I have done some reading on BTCP and I am not sure what to think of it. Lot of comments saying it is a scam but then there are also people saying it is a solid coin. I want to invest but I am not sure with all the mixed comments.

Anything new about this coin and team I should know about?

The best thing is to do your own due diligence. Plenty of videos and paper on the web that talks about zero-knowledge proof or zkSNARK algorithm used in BTCP. This really is a differentiator from other bitcoin babies.

Plenty of pumper and dumper on this coin and every other baby bitcoins out there. Make your own judgment by study the coin, its technology, its community, and the developers that back it.

For me, I found this coin to be very interesting and very promising.

Thanks guys. It was all very helpful. I know the things to look into now.