In this guide, we will express our opinion and that of the market on the BTT future while discussing Bittorrent’s price forecasts for 2023 and beyond.
Keep in mind that you should take this and any other forecast with a grain of salt as predicting anything is a thankless task, let alone predicting the future of a new highly volatile financial asset like BTT.
Now, let’s get into it.
Before we delve into Bittorrent’s price prediction and answer questions about whether Bittorrent is a good investment or not, why BTT will succeed or fail, or why the BTT price will rise or fall, let’s quickly take a look at what Bittorrent is and its history to date.
You can buy and trade on many exchanges, including major platforms such as Cex.io, Coinbase, and Binance.
Table of Contents:
Introduction to Bittorrent
It’s been a while since we’ve seen a token own the market the way BTT did. The hype created by Justin Sun, BitTorrent, and Binance putting their names behind the project eventually resulted in the entire ICO being sold out in just 15 minutes (earning $7.2 million in the process).
The BTT token is imagined (and now already realized) as your average TRC-10 token, a TRON-based standard that allows BitTorrent users to offer their services in exchange for those tokens.
This standard is “inferior” to the TRC-20, which has built-in smart contract capabilities. The token has a total supply of 990,000,000,000 units that will be divisible into smaller increments for additional liquidity (although one wonders how much more liquidity is needed when you have almost a trillion tokens).
The main purpose of BTT is to incentivize BitTorrent protocol users to offer infrastructure services such as file seeding and hosting in exchange for the token.
Our BTT token price forecast for 2021
BTT is one of the projects that has a high speculative value, which means that it quickly creates hype and attracts the attention of unsophisticated newcomers to the crypto space. For this reason, BTT and similar tokens do well in bull markets. However, as soon as the bear market occurs, these types of projects are the first to see capital flight to safer and larger projects and stablecoins. This leaves beginners with heavy bags of worthless tokens and even heavier bags of hopium being waved by project leaders and their delegates, tricking them into buying the dive and dumping even more tokens on them.
BTT also had shots of dizzying price action where it surpassed bitcoin and was among the best earnings in the entire market. This only shows that the market is still inefficient in weeding out useless projects, shillings and marketing, imitations and schemers to get rich quickly.
BTT checks practically all the boxes of a bad project (incompetent team, weak conceptual design and poor technological implementation, pushed by scammers and spammers, exploiting noobies, simulating activities, corrupting their way in exchanges and media). The fact that it still has the potential to attract a large number of deceivable traders only serves as a reminder that greed beats reason 9 times out of 10.
It is worth noting that this does not mean that this or any other similar project will not see a short-lived pump or even several similar events. On the contrary, these projects are the ideal terrain for whale manipulations as they are still perceived as having some value, so a pump always builds the hope of anguished owners that their dear project is finally going to the moon.
So if you’re here to gloat and rub, keep your horses – the price going up is most likely just another pump and dump that will make a lot of money for already rich whales and leave you in the dust with a bag of coins worth even less than before.
BTT Price Forecast for the next 90 days:
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BTT Price Prediction 2023
Long-term BTT forecast 2025 – 2030 – 2040
Future prospects of Bittorrent Coin (BTT)
Vitalik Buterin, co-founder of Ethereum said:
“There are some good ideas, there are many very bad ideas, and
there are many very, very bad ideas, and also some scams”
As a result, more than 95% of successful ICOs and cryptocurrency projects will fail and their investors will lose money. The other 5% of the projects will become the new Apple, Google or Alibaba in the cryptocurrency sector. Will BTT be among that 5%?
Highly doubtful.
BTT token creators hope that the promise of financial rewards will cause more people to seed the torrents they download.
The whole investment thesis for BTT is not convincing. Most people who download torrents do so through publicly available swarms. These people simply don’t have to worry about their upload/download ratios and therefore don’t have an incentive to sow more.
Furthermore, the TRON blockchain simply wouldn’t be able to handle the throughput levels that come with a user base that BitTorrent has, about 100 million users.
Also, the
torrenting scene, the only community that should be abuzz about this project, doesn’t seem to be interested in BTT at all. Torrenting forums barely mention the project, and more experienced members of these communities will tell you that they love the Bittorent protocol, but at the same time despise the company behind it (due to a history of misleading and almost harmful behavior.).
The interest for most seems to come from the world of cryptocurrencies, which suggests that there are not many fundamentals that BTT can lean on.
Most of the people who promote this token are closely connected to the cryptocurrency scene and are considered “influencers” more than anything else.
That said, we need to consider the involvement of Justin Sun and Changpeng Zhao (of Binance fame) in this entire project.
Both are known in the blockchain community for taking part in some highly sketchy activities that likely robbed many crypto investors of their money. Sun in particular is someone who falls into the “influencer” tag much better than that of a “developer” and this is a stick that people often use to beat him. The way they both advertised the BTT token without addressing the downsides it clearly has does not give us the belief that their latest project will not end up being a failure.
All this summary means one thing: BTT could live through a couple of orchestrated pumps and, for a regular trader, completely unpredictable, but most of the time it will be murky sideways trading with small volumes and no significant interest from the market.
How much will BTT be worth in 5 years?
The price of BTT in 5 years could be around $ 0
How much will BitTorrent be worth in 2030?
Our forecasting model sees BitTorrent reaching $0 in 2030.
How much will BitTorrent be worth in 2040?
Our forecasting model sees BitTorrent reaching $0 in 2040.
Will BitTorrent replace/surpass/surpass Bitcoin?
No, BitTorrent will not replace or exceed BTC.
Can BitTorrent reach $0.10?
No, our forecasting model sees no chance for BitTorrent to reach $0.10 in the short or medium term.
Can BitTorrent reach $1?
No, our forecasting model doesn’t see any chance for BitTorrent to reach $1 in the short or medium term.
Can BitTorrent reach $10?
No, our forecasting model sees no chance for BitTorrent to reach $10 in the short or medium term.
Can BitTorrent reach $100?
No, our forecasting model sees no chance for BitTorrent to reach $100 in the short or medium term.
How high will BitTorrent go?
Our prediction model sees the price of BitTorrent plummet and fall to almost 0 in the distant future.
Is BitTorrent worth buying?
We don’t see a bright future for BitTorrent. It is worth buying only as a short-term speculation with a good exit strategy. BitTorrent is not a good long-term outlet.
Is BitTorrent a good investment?
BitTorrent is not a good investment in our opinion. Because? Well, it faces fierce competition from other similar crypto projects, it doesn’t stand out for its technology and innovation, it doesn’t have a real community (not counting speculators and the hype-chasing crowd), and the team behind the project isn’t proven.
Can BitTorrent make you a millionaire?
No, BitTorrent can’t make you a millionaire as we don’t see it doing a 10x price increase anytime in the future.
How much will BitTorrent be worth?
For the short-term future, it could reach $0.0000. In the long term (8-10 years), it will most likely drop to 0 or so.
Why will BitTorrent succeed and go up in price?
BitTorrent has a small chance of success. He has no first-time advantage, he doesn’t bring any unique value proposition, he has a weak team and a small community behind him. All this summary prevents BitTorrent from being successful and increasing the price in the long run.
What is the short-term forecast for BitTorrent?
BitTorrent will reach $0.0000
in the next 90 days, which is a 37% change from the current price which hovers around $0.0000.
BitTorrent Price Prediction Today – What will BitTorrent Price Be Tomorrow?
BitTorrent will hover around $0.0000 tomorrow.
