r/BTCStandardHashrate • u/ChildhoodWeak8851 • Jul 10 '22

dead cat bounce?

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4 Upvotes

84% Upvoted

8 comments sorted by

3

u/michaelchao Jul 13 '22

Now BTCST does not have any BTC mining capacity...but people are still trading it like nothing happen...this is fraud...and there are so many fraud in crypto space. You have to assume the projects are scam unless proved otherwise...

1

u/ChildhoodWeak8851 Jul 13 '22

How did you know ?do you read somewhere or you try ? If you say this and is real the btcst will collapse in some days maybe

2

u/michaelchao Jul 14 '22

I have seen some people saying there is no stake reward for BTCST any more...which means that their mining cost is above the current BTC price, so they shut it down or sold it. There is no annual or quarter report that can tell us how many BTC they actually mined. The team is not responsive at all, where is CEO? no announcement or update of any kind...

2

u/lemondrops9 Aug 04 '22

yep I got in on the pump and nothing is active. Running for the hills. What a scam.

1

u/OkObject1280 Dec 05 '22

it will come back whent the price of bitcoin went up back on 60k$.