Categories: Bitcoin Business

This Ridiculously Stupid Bitcoin Clone Surged 800% Today

Click here to view original web page at

By CCN: Why buy the original Bitcoin (BTC), when you can own some Bitcoin 2 (BTC2)? You, like most people, probably thought that shady cryptocurrency forks are a thing of the past. But boy, oh boy, were you wrong.

Bitcoin 2, an aptly-named Bitcoin fork, made a splash this morning by leading the cryptocurrency market with an almost 800 percent gain in the past 24 hours. After quietly launching last year, this new cryptocurrency quickly rose through the market cap ranks today to crack the top 100.

Why Is BTC2 Pumping?

The charts paint a clear picture predicting Bitcoin 2’s success. If you look at the 4-hour candlestick chart, you can see a classic rising wedge begin to…just kidding. It’s most likely another victim of a pump-and-dump investing scam.

Although Bitcoin 2 is experiencing impressive growth, it’s occurring with only $35,000 of daily trading volume. To give you some perspective, Bitcoin’s (the original’s) daily trading volume currently sits above $18.5 billion. A bored whale is most likely pushing the BTC2 price up to later dump their holdings on all the investors who felt some FOMO and purchased it. Don’t be one of those people.

Even if you wanted to invest, BTC2 is only available on two exchanges – Crex24 and Escodex. Both platforms manage less than $30,000 of daily trading volume.

‘It’s Like Bitcoin, But Better!’

Bitcoin 2 forked from Bitcoin in February last year, implementing the Zerocoin protocol for anonymity and Proof-of-Stake (PoS) for scalability.

The project also boasts instant transactions, a suite of wallets, and next to zero actual users. Over 95 percent of the BTC2 coin supply has yet to be claimed by bitcoin holders since the initial fork.

Additionally, activity on the network is sparse. Currently, the block explorer shows just two transactions in each block.

Surprisingly, the project has a relatively active Github repo and Reddit page with updates on both in the last month. Down the road, the development team plans to implement the Dandelion protocol and integrate I2P.

Even if the development team accomplishes their goals, though, it’s hard to see this cryptocurrency becoming anything but a vehicle for scam artists and fools.


Illuminati, Mason, Anonymous I'll never tell. I can tell you this, global power is shifting and those who have the new intelligence are working to acquire this new force. You matter naught except to yourself, therefore prepare for the least expected and make your place in the new world order.

Disqus Comments Loading...
Published by

Recent Posts

CME Group Reveals Plan for Bitcoin Options in Q1 2020

Leading derivatives exchange operator, CME Group announced in a press release today that it will launch options on its bitcoin… Read More

6 hours ago

Analyst: Bakkt Launch to Improve Trustworthiness of Crypto Markets

For the past year many participants within the crypto markets have been looking towards the official launch of Bakkt as… Read More

6 hours ago

IBM Stock Gets a Blockchain Pop

IBM (NYSE: IBM ) investors haven’t had all that much to complain about in 2019. After a precipitous drop over… Read More

6 hours ago

I-Team: Bitcoin scams rob Triangle investors of $54K

RALEIGH, N.C. (WTVD) -- A series of online heists is robbing even the most tech-savvy people in the Triangle.According to… Read More

6 hours ago

Colombia is slowly moving toward Bitcoin-friendly regulations

To say Colombia doesn’t have the best cryptocurrency regulations in the world would be an understatement. As it stands, crypto,… Read More

6 hours ago

Ethereum price analysis: Bulls take full control of ETH/USD

ETH/USD went up from $218.55 to $220.60. The Relative Strength Index (RSI) indicator is trending in the overbought zone. ETH/USD… Read More

6 hours ago

This website uses cookies. We use these cookies to collect data about your interaction with our website for the purpose of continuously improving your experience with our site. For more information we encourage you to read our privacy policy.

Read More