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BCN

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
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 Exit Scam with last hopes of Pump and Dump on BinanceCoin of the day is Bytecoin. #BCN Bytecoin is an open-sourced decentralized cryptocurrency with untraceable payments that was started in 2012. The team has been quite anonymous since the creation of Bytecoin since it was a coin focused on Untraceable transaction. However just recently, they have opened up multiple communication channels to create a community for one last historic crypto Pump and Dump. With over 95% of the coins are already in circulation, the incentive as a miner is to sell it all and move on to a new coin that can be pre-mined like the original ByteCoin The developers PAID a very large sum of money to get their coin on Binance. What is the cost? $100K as per my information. And if you get shortlisted in community coin per month that also costs due to voting which costs 0.1 BNB per vote. Technicals What goes up, comes down. This is an exit scam, Don't be fooled.
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by FX4BTC
13
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
BCNBTC 50 % + 100% +BCNBTC 100% + Good day! After the beginning of the year, the BCN continued to fall, its price was worth 25 satoshi and is already trading near 30 satoshi for almost a month. Bollinger bands are narrowed, which indicates the possibility of a good pulse. Unfortunately to say exactly when exactly the race will take place we can not. When buying from current levels, we have the opportunity to earn about 50% when reaching 0.236 FIBO and about 100% when reaching 0.382 FIBO which coincides with the downtrend line. The result will probably be achieved over a period of several weeks to several months. Good luck and good trading!
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by DorisKat
BCN - Imminent RiseBytecoin is notorious for being a "scam coin" but it is far from that. 2017 has shown investors that BCN has potential, that along with roadmap milestones being hit without delays is very promising from a coin that was dubbed dead. I am a firm believer in the potential of bytecoin! Bytecoin is the father of all privacy coin and will be a main contender this year. The release of a new wallet that makes integration of bytecoin easier should appeal to many potential businesses/partners. Hopefully this will also resolve the Poloniex wallet issue... Regardless, as Q1 rolls to an end (and hopefully the bear market that we are in) with the Asian market behind us (BitIndia to start and hopefully more exchanges such as binance, etc), we can now move on towards the middle eastern market as depicted in the roadmap. The middle east has stated numerous time that they want to be a powerhouse in the crypto movement (www.wsj.com). Q2 should bring bytecoin to greater heights with the hardfork (June Q2) and also the surprise that the BCN team has for the community on the 6th year anniversary of BCN! Many new investors are looking for a get rich quick kind of crypto which will be one of the main factor that investors will be attracted to Bytecoin because of how cheap it is but I am a firm believer in bytecoin so I will be playing long term as well as short term gains. There is nothing wrong with taking profits as bytecoin rises and re-entering as it pulls back. Bytecoin have been descending since early Jan 2018, as well as all cryptos, but it has broken the descending wedge a few days back. MACD also indicates that a potential reversal is coming. Bytecoin might even see some sideway movement as BTC recovers. The first resistance that BCN has to break is its previous ATH during Jan 2018 of 112sats. Once broken, BCN will have to break 155sats which was support from its previous run-up during MAY/JUNE 2017. If broken, then the next TP that I am eyeing is 270sats+. Many are calling BCN to hit $1 USD by EOY, which I am doubtful of but again... this is Crypto so noone really knows how high or low any coins can go. I think BCN will most likely hit between 30-50c by EOY, which is still a crazy increase in price. The main issue that must be dealt with (and is being dealt with by the BCN team) is to get on more exchanges. BCN was added on a handful of new exchanges during Q1 so that is something! Hopefully the rest of the year will bring us to bigger exchanges so that we can finally see the price of BCN appreciate to levels worthy of its value. In summary, my short term target prices are: 1) 112sats 2) 155sats 3) 270sats I will most likely be taking profits on the way up and looking to re-enter on slight pullbacks. I've learned the hard way that nothing goes up forever. This is not investment advice, this is just my take on BCN.
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by mistahtom
1
[BCN] Can you handle +460% to +1300% profit ?BCN completing a healty correction inside a bullish compression triangle. Be carefull, BCN has a very low price, so it can ether make you rich or make you lose a lot. Use stop loss. Entry price : red support or end of triangle (safer) exit : 0.000060 BTC , 0.00000110 BTC and 0.00000270 BTC stop loss : 0.00000016 (if entry is between 0.00000020 and 0.00000022), otherwise stop loss would be -20% of entry price (always red candle on lower lows) next update at the end of the of the triangle or if price breacks out of triangle sooner than I expected.
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by Obeeron
2