FUNDAMENTAL ANALYSIS
BitTorrent is a pair-to-pair transfer protocol that had its moment of glory between 2006 and 2008, to overcome the problem that was once a very unfavorable transmission rate compared to the reception rate.
It was thus a very popular sharing solution to answer this problem a dozen years ago: in 2006, between 60 and 70% of the bandwidth Internet was done via torrent.
But subsequently, the transmission speeds have improved significantly, and users have generally abandoned BitTorrent for the benefit of Youtube, streaming sites, Netflix, Deezer, Spotify, etc. Much simpler to use, inexpensive, files much less corrupted.
Today, BitTorrent is a dinosaur share of large files, and it is in this context that his purchase by Tron to try to make it reborn from the ashes with a new TRC10 token (= out of the TRX blockchain) whose goal is simple: to encourage BitTorrent users to continue to share files (become "seeder") even when they have themselves finished recovering what they needed (in simple "leech"), by means of this small financial reward that is BTT.
Its incentive goal is therefore theoretically to accelerate the network to overcome the disaffection of users for 10 years for this hasbeen protocol.
Specifically: you want to download a large file on BitTorrent and you find that the download is not fast enough. You will then be able to pay those who agree to make this file available to encourage them to be more numerous to share it and thus to accelerate its download.
BitTorrent is a pair-to-pair transfer protocol that had its moment of glory between 2006 and 2008, to overcome the problem that was once a very unfavorable transmission rate compared to the reception rate.
It was thus a very popular sharing solution to answer this problem a dozen years ago: in 2006, between 60 and 70% of the bandwidth Internet was done via torrent.
But subsequently, the transmission speeds have improved significantly, and users have generally abandoned BitTorrent for the benefit of Youtube, streaming sites, Netflix, Deezer, Spotify, etc. Much simpler to use, inexpensive, files much less corrupted.
Today, BitTorrent is a dinosaur share of large files, and it is in this context that his purchase by Tron to try to make it reborn from the ashes with a new TRC10 token (= out of the TRX blockchain) whose goal is simple: to encourage BitTorrent users to continue to share files (become "seeder") even when they have themselves finished recovering what they needed (in simple "leech"), by means of this small financial reward that is BTT.
Its incentive goal is therefore theoretically to accelerate the network to overcome the disaffection of users for 10 years for this hasbeen protocol.
Specifically: you want to download a large file on BitTorrent and you find that the download is not fast enough. You will then be able to pay those who agree to make this file available to encourage them to be more numerous to share it and thus to accelerate its download.
Comment:
For me, Tron bought BitTorrent first and foremost to try to justify "solid" pseudo-fundamentals to a new lucrative ICO.
What's more, with a name, BitTorrent, that sounds a bit like Bitcoin, with the abbreviation BTT that coincidentally also looks like BTC.
On the form, it reminds me with irony the name BitConnect, BCC. Of course the comparison stops there, hem.
Especially since the problem that is supposed to solve BTT is all the same that had to solve TRX, the mother blockchain.
Finally, you should know that uTorrent, a long time best customer to manage downloads, was bought by the commercial company BitTorrent Inc. And since, this client integrates not only some advertising but since its 3.4.2 release in early 2015, a malware named EpicScale.
But this malware was nothing other than a cryptomoney mining component (Bitcoin, Litecoin, Dogecoin...) which undermines the resources of users' computers. Certainly to show off - extremely late - with its purchase by Tron and the launch of its token BTT, the company BitTorrent Inc. has removed this malware uTorrent only in its update 3. 4. 3, broadcast in ... April 2019! Knowing his methods, do you want to trust in this company?
My fundamental analysis is therefore particularly pessimistic about the future of the BTT token.
However, there remains the possibility of another use case interesting speculators: continue to be a pump & dump machine according to the news surrounding the BitTorrent protocol and technical signals that can be given by chartism and other indicators of pure trade.
It is this possibility, this last hope I want to say, that I propose to test in my technical analysis below.
What's more, with a name, BitTorrent, that sounds a bit like Bitcoin, with the abbreviation BTT that coincidentally also looks like BTC.
On the form, it reminds me with irony the name BitConnect, BCC. Of course the comparison stops there, hem.
Especially since the problem that is supposed to solve BTT is all the same that had to solve TRX, the mother blockchain.
Finally, you should know that uTorrent, a long time best customer to manage downloads, was bought by the commercial company BitTorrent Inc. And since, this client integrates not only some advertising but since its 3.4.2 release in early 2015, a malware named EpicScale.
But this malware was nothing other than a cryptomoney mining component (Bitcoin, Litecoin, Dogecoin...) which undermines the resources of users' computers. Certainly to show off - extremely late - with its purchase by Tron and the launch of its token BTT, the company BitTorrent Inc. has removed this malware uTorrent only in its update 3. 4. 3, broadcast in ... April 2019! Knowing his methods, do you want to trust in this company?
My fundamental analysis is therefore particularly pessimistic about the future of the BTT token.
However, there remains the possibility of another use case interesting speculators: continue to be a pump & dump machine according to the news surrounding the BitTorrent protocol and technical signals that can be given by chartism and other indicators of pure trade.
It is this possibility, this last hope I want to say, that I propose to test in my technical analysis below.
Comment:
TECHNICAL ANALYSIS
After a long descent into hell, the BTT price suddenly presents today bullish reversal signals that we can't ignore.
This is for me the opportunity - because rare enough - to check if BTT is definitely a "dead coin" or if his flat encephalogram can still book a nice "pump & dump" to trade in the manner of a Ponzi.
Indeed, from a chartist point of view already. BTT draws a nice pattern of bullish reversal in "cup and handle", see my graph on the right, which is not unlike that of the previous huge pump & dump, see my graph on the left!
Also, the price has just returned above the moving average MA 100, which is also a situation similar to my graph on the left.
Finally, Bitcoin is part of a favorable range for the pump & dump of altcoins.
BTT, show us what you are capable of. If these ideal conditions are not enough for you to validate this rebound to my target drawn on the chart, then even the speculative traders will not be able any more for you! The conclusion would be that investor confidence has definitively abandoned this umpteenth shitcoin.
After a long descent into hell, the BTT price suddenly presents today bullish reversal signals that we can't ignore.
This is for me the opportunity - because rare enough - to check if BTT is definitely a "dead coin" or if his flat encephalogram can still book a nice "pump & dump" to trade in the manner of a Ponzi.
Indeed, from a chartist point of view already. BTT draws a nice pattern of bullish reversal in "cup and handle", see my graph on the right, which is not unlike that of the previous huge pump & dump, see my graph on the left!
Also, the price has just returned above the moving average MA 100, which is also a situation similar to my graph on the left.
Finally, Bitcoin is part of a favorable range for the pump & dump of altcoins.
BTT, show us what you are capable of. If these ideal conditions are not enough for you to validate this rebound to my target drawn on the chart, then even the speculative traders will not be able any more for you! The conclusion would be that investor confidence has definitively abandoned this umpteenth shitcoin.
This is an economic model dilapidated with dice, which speaks to solve a problem already solved for a long time by streaming on the one hand, or even by Private Trackers, on the other hand. Because Private Trackers, like Elite Tracker and YggTorrent, unlike Public Trackers like BitTorrent, solve this problem without the need for paid tokens, forcing users to register and have to share (including a seedbox) to have the right to download with a ratio equivalent to the provision, otherwise they are banned from the protocol. This significantly improves the speed of the network. However, it would be necessary to compare the cost of a seedbox with that induced by the BTT. So let's be clear, it is above all the streaming much easier to use and legal offers finally inexpensive today and also easy to use that harm the entire torrent.