Post
Topic
Board Announcements (Altcoins)
Re: [ANN][BTCZ] BitcoinZ - zkSNARKs 21b max POW-Equihash No-Premine No-Dev Tax
by
Adrianna81
on 28/04/2018, 22:35:57 UTC
Listing a low market cap coin on a huge exchange is not a good idea.

Look what happened to SunContract. Hard working developers, very promising future project yet it's listed on OKEX and the day traders are playing with it because few times they traded 35% of the market cap in one day.
It's ridiculous.

You write this like it is something bad.

I thing we need to stress test BTCZ to the max!  Think of the publicity and the ability to see if the network can handle the hundreds of millions of Bitcoin Zs being traded every day.

This coin is starting to get boring.  Time to put some life into it.  If it survives the stress test of greedy, manipulative and maniacal day traders it will be huge!


Because it IS a bad thing.
If more than 20% of a coin is traded it can easily be pumped/dumped/pumped/dumped. And BTCZ has low market cap. Day traders are cancer for low market coins.

When BTCZ get listet to 3-4 big exchanges, lots traders buy it to transfer across exchenges. Fee is ultra low.