At HitBTC, I see two big investors who want to buy Bytecoin!
0,00000029 - 55 million (69 000$)
0,00000028 - 196 million (245 000$)
these are very large amounts - and that means Bytecoin will soon be at 0.00000250 ))
but for this it takes time, I think 1-2 months
Well, do not be naïve.
Remember the sudden jump of price to 200, which was in May? Where is it? There were some simple guys hoping the bytecoin will be growing more and more and then what? Yes, they have lured some simple people into the fantasy that the bytecoin "to da moon"? Or were they not so simple and the real big shareholders are behind their nicknames?
I occasionally glanced through a few pages of the past and found a post of DStrange of 2014:
Nevertheless it would be rather hard for Bytecoin stakeholders to use all 80% for "pump and dump" games. You know, they would be truly lucky if they had time to spend even 10% of emission to earn something on exchange rate changes before everything ends. But what will they do with the rest 70%? So much effort for the technology and coin itself, 2 years of mining and then just waste it all for a couple of thousands dollars, lol. Admit, those guys are not fools...
Yes, we see that these few (1-2-3?) Bytecoin shareholders are quite clever to play pump and dump games. The bytecoin rises and then the shark shareholder dumps it, and then buy lower, and then dumps again.
So the bytecoin case is different from many other crypto cases. Most of the cryptocoins, excepting for the few coins, are volatile, but with the bytecoin it is different. Due to its main huge stocks in the hands of a very few people (unlike with the bitcoin), the bytecoin price can be easily manipulated by them at their whim.
I used to visit telegram group of Bytecoin from time to time. Since some people are not able to understand the post about the alleged scam, they prefer not to think about it, some hoping to become rich, place their blind faith in the anonymous developers-shareholder, whom they do not know, and who do not care to become known (as other teams, developing anonymous coins), others prefer simply to blame all critics as enemies of the coin - the most primitive and vulgar approach; others deceitfully blame competitors, etc. When someone wishes something too much, he begins to be blind to all arguments.
Do not be naïve, when there is a process of developing going on, rumours being spread, news being published, a manipulation of the coin price is possible not to owners of small sums of coins, but possible for giant shareholders of the premine.
So it is ridiculous to hear all those desperate requests to "hodl" addressed to owners of all sums, when the price is going down. They blame the owners of small portions of bcn for dumping the market. It is either extremely stupid or naïve, or extremely deceitful.
From this
http://web.archive.org/web/20140712043559/http://bytecoin.org:80/old/index.html if that website was actually online, and publicly accessible,it would appear that originally the bytecoin devs may have wished it to make a publicly mined coin. So, they apparently released it into the open web in mid 2012, but did not make it publicly known to any reasonable sufficient degree. Consider the post of 2013:
"07/04/2013
Happy Birthday, Bytecoin!
It's one year from the launch."
Perhaps the greed overcame later, and then they may have thought: why would we allow others to mine it, let us make it quite private to us. So they may have made their website very private, not easily accessible to regular users. Perhaps they may have wanted to come out earlier, but it happened later, and then we know the rest of the story.
And now a lot of guys own 10-20% of the coins, while a few guys own around 70-80%. Even if the ratio is 40 to 60, or 50 to 50, 10-20 billions having been sold over a few years, still it is not healthy in terms of the coin cost.
As you may see from the earlier correspondence, they are still silent about it. In the beginning they may have thought, that with the price growing faster, they would be able to sell it all quicker. It did not work. Competition is high.
What about now? Now, you should see if they are sincere with the greater community, or do they try to settle. Some posts which I noticed in the past suggested to burn the part of the coins, or send them to some never-to-be-used address. There were recent posts about it.
What do we on the part of the devs? Complete disregard of these posts.
I checked today some questions, that the bcn representative welcomed on the reddit. There was some surprisingly huge post from some guy. His first question was:
"
Openness : all rumors about the devs team being, ermmm, "shady" must arrive to an end. There are a lot of threads out there talking about the genesis of Bytecoin and they're not too flattering. Think the "real" story about Nicholas Van Saberhagen and his "misteriously signed" whitepaper should be taken to light. In addition, I think, a true point of contact with devs and at least a front man who shows his face should be considered as an indisputable need."
It was first question. Note that.
You expect some real good sincere full answer from Bcn team? Like, "ok, guys, we'll answer, you want the truth? We'll give you the truth."?
So read the astounding reply from the Bcn representative.
"...it’s time to give answers to the questions regarding the dev team.... I’ll try to mention all of your questions.The first block of questions came from @AndLan Openness. More than 5 years have passed since the first block was created, 2 years later Bytecoin was released in the open web. Since then until this summer no one from the team has made any public statements, shown his/(her) face, was mentioned on a conference as a representative (however, different members of the team are visiting such conferences rather regularly and watching for you). But, it’s our feature, this is the thing that differs us from other projects. Moreover, the team is slowly changing its vision - there’s Jenny who’s online almost 24/7 and sending replies, interviews, etc. There are local community managers such as Pundit who has given open conferences and lectures, riding across his country and making some crazy partnerships. We are supposed to think that the devs’ face are those thousands of pages of code, the representative’s face is the community and our co-effort is our place in the cryptoworld ecosystem.
Team Contacts and announcements. Ughhhhhhh, toooooooo many questions. Okay, I’ll manage with that...."
No exact answer to the first main question (asked before the "in addition" part).Note this:
"More than 5 years have passed since the first block was created, 2 years later Bytecoin was released in the open web." This is to imply that the bytecoin was launched in 2012. And this appears to contradict what is written above, at the linked webpage. So, the webpage above seems like it is willing to say: we are public from the very 2012. And this post of bcn representative appears to say: we are publicly accessible from 2014.
Covering up the activities from 2012-2014? On a different note.
Now, on the top of the lowest priced coin, they wish to produce another coin, with the same or almost the same functions as the original coin. The release would be, say, around 100 mils or 1 bil or a few bils?
Who would care about such a coin, when there is already the coin with the same functions? And when there are other coins with the tech, devoted to anonymity, which are being developed regularly, by great teams, without any non-settled issues.
To add: I am not saying the price will not rise some day in the future, provided the news are regularly coming out, and the new tech features are provided, that make the bytecoin quite rare or unique. I am just saying, that with all that was known and said about the bytecoin and its team, it is very unlikely that it may grow substantially. Almost no chance is left that the bytecoin team may figure out some other explanations of their action, taking into account all the data, that was digged out. So, the only solution may be just to use the last opportunity to "burn" the rest of the premine, publicly, in any possible way. But it takes the greed to go away, and this is not difficult. It is easier to promote the coin to get other buy into it, and sell it to them in the coming months and years.
Certainly, each man seeing other messing things up, or being apparently deceitful, would not be happy about it. And if there is a chance, that he may be wrong, he would be happy to acknowledge that. Otherwise, the saying appears to be true in the case under consideration:
"If it looks like a duck, walks like a duck, swims like a duck and quacks like a duck, it's a duck" In my response to your lengthy message I would like to tell you that I feel that it was very inappropriate behavior from my side.
To be honest I’m very surprised and affected by all of your works. You had to spend several days, if not longer, to conduct your research. I’ve noticed that you are one of the most passionate people from our community.
Only a highly dedicated person is able to follow all of our news and posts from the past 5 years. (In spite of the fact that you have only had a newbie account that was launched this last April and your comments focus only on BCN threads)
I’m just wondering if you are able to do some kind of research on the other cryptonote coins (I mean specifically on their marketing activities) and share the results with me. I’ll of course send you a reward for it.
And about your premining accusation... well... people once believed that the world was flat and no one wanted to think otherwise. It is a historical precedent. As you yourself were led to believe about the premining.
I’m always happy to see when people are upvoting our thread by adding such a long comment.(even if they are trying to scam us with their “honest” and “personal” opinions).
Anyways, welcome to our community. I believe that you are here to change your mind about Bytecoin, as for everything else, why would you spend so much time on us, if not to change attitudes for the better?
