Bitcoin Red is maybe the new Bitcoin Gold / Cash it seems to have the dynamic
and synergy from CASH and GOLD.
I believe in Bitcoin Red, when people think of Bitcoin Red,
what comes to your mind must be Bitcoin Cash, Gold and yeah Bitcoin.
This is positive in people's mind and therefore
I think that we will see an increase over time with this coin.
I was in at: 0.00006989 for a week ago and now up: 526.55 %.
I think a lot of it is gut a feeling.
There are a lot of these small coins under 1 $ where a lot of them are anonymous,
and some has not even whitepaper yet or a basic roadmap.
What I know:
Launched 25. October 2017
MarketCap is up at: $ 1.525.820,00
24 Volume: $ 761.287,00
Available Supply: Only 10.000.000,00
Total Supply: 21.000.000,00 "as Bitcoin"
Roadmap seems good, when Bitcoin Red will be listed on more exchanges
it should have a positive effect.
Currently you can trade it at Yobit and EtherDelta.
Whitepaper should be coming within the next couple of days according to their twitter profile, which I am keen to read.
- Bitcoin Red has an average transaction fee from $0.20 to $0.50, much more cheaper than the $4.00 of Bitcoin!
- The average block time on Ethereum is 24 seconds whereas it is approximately 10 minutes for Bitcoin.
From what I found at https://www.bitcoinred.io
/*
What is BTCRED?
BTCRED is a community-driven and blockchain-enabled cryptocurrency working as an ERC20 token by leveraging the best attributes of both Bitcoin and Ethereum.
Is BTCRED a mix of both Bitcoin and Ethereum?
Yes and no.
BTCRED is a tokenized version of Bitcoin on the Ethereum blockchain and therefore uniquely complements both.
It is like implementing Bitcoin’s attributes on the Ethreum Blockchain but with a smarter and faster outlook.
Unlike Bitcoin’s ever-increasing price and volatility continuously marring its ability to be used as an efficient and affordable medium of exchange, BTCRED’s core value comes from it being a faster,
cheaper and more sustainable medium of exchange, and its ability to marry with the Ethereum smart contracts.
*/
Normal when I invest I do a lot of research like reading through:
Whitepaper
Roadmap
Linkedin search
Telegram
Twitter Page
and basically just look at who is behind, development and new technology.
I do approx 10 % investment in high risk coins like this and I prefer coins valued under 1 $, and this is also by far the funniest when one goes up, sure I have my loses also,
but that's how the crypto trading life is.
The market is getting a lot of momentum at the moment and billions are being invested in the crypto market, not only bitcoin. Many + $100 million Hedge Funds are investing at the moment.
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HAPPY TRADING