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Bytecoin

Bytecoin. What after Binance?Coin of the day Bytecoin. Bytecoin is an open-sourced decentralized cryptocurrency with untraceable payments that was started in 2012. The coin had a negative controversy on the large quantity of premined by the team coins. With a focus on privacy, Bytecoin competes with other privacy coins like Monero, ZCash, and Dash. Monero is a fork from the original Bytecoin code. Monero supporters argue that the original Bytecoins (>80%) may have been pre-mined for two years before the public release, but this is still being debated by both parties. Still, as Bytecoin has existed for a long time and was available for miners, in the rough estimation over 95% of the coins are already in circulation. Listing on Binance Listing on Binance(May 7) started with enormous difference in the prices with other exchanges, provoking a lot of traders and automatic systems to transfer BCN from wallets and even other exchanges on the Binance, to sell it by the much higher price. Instant demand for the coin inflated prices on Poloniex(peak at 0.00000204) and HitBTC(peak at 0.0000022). In result, Poloniex and HItBTC forbade the withdrawal of funds under the pretext of technical problems. Eventually, the price on the Binance normalized to the Poloniex and HitBTC levels. For now, trading volume on Binace is much higher than other exchanges so that it will be the leading platform for the Bytecoin price. In the light of the fact, that the price not wipe out all its gains from the growth, the markets still in doubt is it worth investments or not? Yesterday the coin has shown a significant growth, which is not connected tot he difference in prices among exchanges. Latest news: Latest twitter announcements from the BCN team indicates that they had fixed problem with network and withdrawals from the exchanges, and now the network functions normally. Technicals Patterns on Poloniex and HitBTC looks pretty much the same, on the Binance BCNBTC does not have a peak to the 0.000022 level, it just lowered from the highs of opening to the 0.000001 level and from there synchronized with other prices. Retracement after the growth stopped above the 0.000001 level and went into lateral movement. Recently the price picked up with high volumes and broke above the 0.00000135 resistance, went to the 0.0000015 level and stopped there. Turnaround above 0.000001 level (approx 61,8% Fibo of the recent uptrend) is a positive for the uptrend bias sign. Breakthrough of the 0.0000015 level will confirm the uptrend tendency as well and lead the price to its recent peak at the 0.00002 - 0.000022 zone. 000001 level should stay strong to confirm the uptrend bias, break below this level will dismiss any of the near-term growth scenarios.
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by DestinationMoonCrypto
BCN potential short term decision timeI think this prior support at approximately 130 sats from May 2017 could hold. If not it has strong support at 113 and right at 100 sats. If you bought a while back, below 100 sats as I did we might as well hold for a bit to see if we get another pop upwards. The chances of arbitrage with the new Binance listing has passed and I haven't been able to get my coins out of Poloniex anyways... I'm still trying because it seems the volume can come in the fastest on Binance and go higher than hitBTC and Poloniex. What a bunch of wackiness we've seen the past few days with BCN. Maybe there was some funny business, maybe not. All I can say is if you bought below 300 on Binance there is hope this year. If you bought above 1000 sats use what happened on Binance as a learning experience. Check the other exchanges for price discovery. Don't buy if it's multitudes higher than everywhere else.
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by Blasphemachine
4
BytecoinThere and Back Again I'm not in Bytecoin and I'm not planning an entry, just going to track it for a year or so and see how the chart will develop!! I'm just curious if that one dude that bought at 10000 satoshi is ever going make a profit, assuming he's going to HODL :D He needs Bytecoin to reach a marketcap of $167.331.629.570. That's a x45 from where it is now. So that's a maybe, but stranger things... As a relatively boring privacy coin I don't see this happening. You are going to need a few dozen tweets from coinkiller John McAfee to help you out here. I hate that man with a passion and I'm still wondering why Coupit took him on board. Anyway, I'm going to name the guy that bought at 10000 satoshi. Lets name him Dave. So Dave, this one is for you my friend, lets see if you can ever sell this thing with a profit and based on the (retarded) Fibonacci we have here I would advise you to sell at around 15494 Good luck my British amigo
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by iera
25
Hopefully some of you listened to me and made a tidy profit!!Congrats to those that took my short term buy advice on April 28 for BCN. Now please take my advice again... don't be greedy and take your profits ASAP. This will be heading south very soon. Those of you that are looking for a similar opportunity take a look at the nice low volatility bottom forming on the Electroneum (ETN) price. Wait for signs of increasing price with volume that will signal the bulls are back in town and looking for ETN.
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by PaulCoady
BCN Bytecoin gets listed on Binance and moons! Arbitage [BTFD]so i grabbed a bit ogf bytecoin after being last years biggest returns i know its a shitcoin, i know its a scam coin, i also know people in crypto buy things they have no idea about anything cheap and nasty, hodlers love it! SO an AMAZING arb chance here, Polo its almost x10 cheaper if your in Australia u can buy BCN directly on coinspot.com.au the wonders of crypto.... take small risks on this one its not a coin u want to be holding, transfers are pending from polo still
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by majorlee
9
Bytecoin still heavily long Wuuuh that was a tough surge on Bytecoin. BCNUSD reached about 0.25 in Binance yesterday and about 0.03 in Poloniex and HitBtc. At the moment there is a lot of dust and FUD spread wheather it was a scam or something like that. My recommendation: do not listen to these people and take a look at the facts: - network was heavily overloaded because nobody has expected such a great rise in price - a lot of people tried to withdraw there coins to binance which heavily overloaded the exchanges - CoinMarketCap has NOT delisted Bytecoin, it simply has difficulties to count a real price due to price differences in exchanges, but these differences are nearly vanished atm + Bytecoin is listed on Binance! + we have a heavy trading volume right now and in future + Bytecoin has risen at least a 100% atm + there is a lot more interest now in the project and some kind of FOMO which is always good for price rise + Bytecoin team is working hard on fixing everything So make your own choice. For me Bytecoin still is the Buy of 2018 and will rise again soon. On the technical site the target still is around 0.08 ( take a look at the chart)
HITBTC:BCNUSDLong
by Richart
3
Bytecoin spiked to 185% today! Bytecoin spiked up today by amazing 185%. It has retraced since, for a overall increase of 87% from today's opening from bellow 0.236 Fibonacci retracement line, to slightly above 0.786. It is currently sitting just below the 0.5 Fibo level, but if we take into an account the fractal nature of the price action, every time this happened in the past the candle had a proper close with a big wick, but not as big as the current one. So I am expecting the price to surge again to those levels and close on the daily chart.
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by drumsta
BCN published on Binance and rocketing. Who is BCN?Coin of the day is Bytecoin. Bytecoin is an open-sourced decentralized cryptocurrency with untraceable payments that was started in 2012. Bytecoin is considered one of the oldest blockchain projects and one of the first to focus on privacy for the end-user. The team clearly states in their whitepaper that they don’t consider Bytecoin as a Bitcoin replacement. Instead, they feel that having multiple strong currencies is beneficial to everyone involved. Until recently, the team behind the coin has kept themselves anonymous. Now, though, they’ve opened up multiple communication channels and removed some layers of anonymity. With a focus on privacy, Bytecoin competes with other privacy coins like Monero, ZCash, and Dash. Monero is a fork from the original Bytecoin code. Monero supporters argue that the original Bytecoins (>80%) may have been pre-mined for two years before the public release, but this is still being debated by both parties. Still, as Bytecoin has existed for a long time and was available for miners, in the rough estimation over 95% of the coins are already in circulation. Today listing on Binance is a positive sign of acceptance and also will drag a lot of capitalization to the coin. Technicals As a majority of altcoins BCNBTC bottomed on the 18.03.2018 at the 0.00000025 price. On the 14.04.2018 the coin breakthrough above the 100-days EMA and major Bullish Trend Line, since then it was showing a sustained growth, which brought the coin above the 0.0000007 level till today. Today, after the official listing on Binance the coin showed significant upward impulse from the 78.6% Fibonacci zone (almost bottom of the coin) to the 38.2% Fibonacci level of the global uptrend, this is almost 3x rise. The uptrend impulse reached 0.000002 level and went into a correctional pattern. If the price were able to preserve Bullish bias, by reversing above the 0.0000014 zone, that would be a good basis for the further growth. So, it would be wise to wait until the price forms a rebound pattern to consider buying in. Breakthrough below the 0.000001 level would cast a shadow on further growth of the coin.
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by DestinationMoonCrypto
12
bytecopin long idea, next spike possiblein my first trading idea i want to show you bytecoin, bytecoin, is one of the fast transaction volatile coins, like dogecoin or the Verge, they have all a large circulating supply, nevertheless nice profits can scalped out with ease from price movings. Bytecoin rates at sell or even strong sell in the wide moving average, but in short term there are nice opportunities on the long side in my point of view. according to my analysis you can get a cvr over 4:1 if you stop out at 20 sat and ride up to 120 sat, if i still enter the market before 40 sat a goal of 80 sat is way more secure option
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by nightgamestorage