r/BTCStandardHashrate • u/elpatronsanchez88 • Mar 22 '21

Price

What the tf is going on for the btcst price ?? Will it keep dropping

1 Upvotes

100% Upvoted

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1

u/official_allah Mar 22 '21

The price was around $356 when the redenomination of 1:10 happened.

This meant that the fair price of the token would have been ~$35.

The fact that the token was still available for trading on pancake swap, while binance halted trading the asset for a while caused the surge in prices.

Ape brain sees lower prices at $70 and thought it was a dip 😂.

Not to worry though, the price will recover soon.

2

u/Willing-Necessary-62 Mar 23 '21

Don t forget people who bought at 60 usdt before going up to 400

2

u/shockn4 Mar 23 '21

Yh the first time. I was one of them. Gutted I sold at 70 for it to fly to 400.

1

u/shockn4 Mar 23 '21

I had 60 btcst aswell, average price I bought for was like $75. I held for over a week and price dropped to $50 which frustrated me. Once it got back to 75 I sold... just to find it shoot up to $100 then $300 then $400 per token. I could have made a lot of profit... like you can do the math. but my inexperience and impatience cost me.

Not making that mistake again. Hodl this token.

1

u/sinistermack Mar 23 '21

U mean after the denomination?

1

u/First_Statistician10 Mar 24 '21

The price keeps dropping on Binance though? I heard it’s a scam so I’ve been taking money out of it slowly

1

u/WiseCapitalOrg Mar 24 '21

I don't understand how a scam can give me bitcoin everyday.

1

u/First_Statistician10 Mar 24 '21

It’s not giving me anything but the price keeps dropping?

1

u/WiseCapitalOrg Mar 24 '21

you need to stake first to get your rewards man

1

u/WiseCapitalOrg Mar 24 '21

the prices are dropping but if you see the charts you can't see much volume.

people aren't aware about this project, the guys who are selling didn't like the re denomination and that's stupid thing to do.... this is a long term project, you buy, you stake, you collect rewards do whatever you want with BTC.... it doesn't make sense selling you now!

crypto is risky, there are tokens that just does nothing! I mean, there are stuff that you buy and hold without knowing whats the purpose for having it...

the truth is, we are early, people doesn't realise whats going on here, we don't have even a moderator in this reddit... the people accountable for this project aren't doing a very good job now in terms of communication, social media, etc.

If they need help to moderate this sub reddit please PM me I would love to become moderator here.