【Veteran Investor Watch】 Medium-high risk
$BTTC There’s a catalyst I think is easy to overlook.
BitTorrent launched a long-term buyback-and-burn program this year:
100% of its decentralized services revenue will be used to buy back BTT on the open market and burn it.
The first-quarter buyback has already taken place. The real key now is:
In mid-October, BitTorrent will publish the first actual burn figures.
These will include how much BTT was burned, what percentage of the total supply it represents, and the on-chain transaction hash.
BTT is still trading around $0.00000037, and has mostly moved sideways over the past few days.
In other words:
The buyback has happened, but the burn has not yet been announced.
If the amount burned in the first transaction exceeds expectations, the market may start to reprice the story.
Entry: $0.000000360–$0.000000380
Take profit: $0.000000410 / $0.000000450 / $0.000000500 / $0.000000570 / $0.000000650
Stop loss: $0.000000335
$BTTC There’s a catalyst I think is easy to overlook.
BitTorrent launched a long-term buyback-and-burn program this year:
100% of its decentralized services revenue will be used to buy back BTT on the open market and burn it.
The first-quarter buyback has already taken place. The real key now is:
In mid-October, BitTorrent will publish the first actual burn figures.
These will include how much BTT was burned, what percentage of the total supply it represents, and the on-chain transaction hash.
BTT is still trading around $0.00000037, and has mostly moved sideways over the past few days.
In other words:
The buyback has happened, but the burn has not yet been announced.
If the amount burned in the first transaction exceeds expectations, the market may start to reprice the story.
Entry: $0.000000360–$0.000000380
Take profit: $0.000000410 / $0.000000450 / $0.000000500 / $0.000000570 / $0.000000650
Stop loss: $0.000000335
