Bitcoin Forum

Bytecoin is an open-sourced, private and untraceable virtual currency that was launched back in 2012. It is the first cryptocurrency to implement the CryptoNote technology as a default aspect to build a project. The currency was widely spread in the dark net as one of the most popular available methods for payment.
With the total supply of 184 billion.Bytecoin (BCN) is experiencing a 114% increase after being listed in Binance.
Did you think is the next big thing after ripple?

In next 3-5 days will fall back.
Binance listing is having this effect over coins. Due the increased volume, the price is jumping upon listing and then in just a few days, it getting back to normal.

I would suggest you to be very careful in next few days if you want to buy.

I used to see Bytecoin trend a lot in Bittrex (if I recall correctly) in late 2017, never got in though and I think it was one of the worst performers during the alt crashes that followed this year. Never knew much about it to be honest, but I wouldn't say a doubling of price is skyrocketing exactly. Seen plenty of coins do that (Verge in the same category is one which seems to do it pretty often). Binance listing still does a lot for alts, doesn't it?

Common thing on my part which i do see most new listing on popular exchange do really create a hype or pump up of a coin where it can potential reach out 100%+ or more  depending on the demand. As suggested above we should really be careful on buying out in these times or doing FOMO because you do believe it would pump even more,you might really be in danger when the price would pullback down once again.

If you are buying, it is better to wait for the price to stable after a few days. Bytecoin has been around for sometimes and such pumps are common.

Let me correct you buddy.  None use bytecoin. Not on dark markets not anywhere else.
There is zero development. Even maintaining is super poorly.
Most likely there are way more coins in existence then 184 billion because of bug that was known to Bytecoin developers quite some time and not fixed.

Bytecoin is today just a pump and dump scheme. When it was presented in 2014 it was get rich fast scheme, since developers lied that it started in 2012 already, but claimed it started in 2014 when they presented it on this forum, but most coins were already mined in secret.

No. Definitely No for Bytecoin
Impossible for that to happen

It is pumped because of Binance listing but not on its potential/development
I am not saying that it is a scam project, just that we have something else which is stronger in this industry

it's also pumped because no one can deposit and sell due to network congestions

It was pumped because Binance listed Bytecoin, but I will be very careful with another investment.

Really crazy jump that Bytecoin did in less than 24 hours.. But you guys should be careful, because I think it is just a pump and dump show in the market cycle. The price will dip again and retrace to the bottom sooner or later!

Couldn't agree more, bytecoin is like other altcoins (such as dogecoin) a typical pump and dump coin. Don't be fooled by the big rise you are seeing right now.

also never trust a coin with a team that promises you to get rich

No this is just a pump and dump coin. After getting listed to binance that made its popularity gained. And there are people who are behind this hype that allowed them to sit first at the back while waiting for those people who are buying every coin that will on news that was listed in binance.
Right, this will be the next scenario.

We can say all things that we want either a potential coin or just a pure pump and dump coin we can still able to make profits with that.Be smart and attentive and having these kind of gains isn't new anymore on any altcoins in the market.
It is clearly a shitcoin on a projects which do anytime do claim that you can able to get rich with that one.

LOL not a chance.

This guy gets it.

Also, a smart trader wouldn't give in to FOMO and throw money at an obvious PnD shitcoin that's getting manipulated hard on Binance. You can take the risk and buy BCN from X or Y exchange and then sell it on Binance, but it's not worth it since a huge dump can happen at anytime and you'd be left with worthless BCN.

Overall, don't waste your money on Bytecoin.

Such a risky decision if we will be fall into this trapped, I was checking my coins inside polo and seen that this coin was pumping, curiously I checked the reason and seen that binance listed it over, planning to do some arbitrage but the wallet is under maintenance glad to check it first before buying it, maybe good assessment and great timing will give risky traders some profits but in overall better to stay away to avoid being trapped.

Soon, everything will probably return to normal and the price of bytecoin will fall. Investing now in this coin is not the wisest solution. It's easy to lose money and regret bad decisions later.