Bytecoin - bad trade, is there hope?

trickyriky

sr. member

Activity: 882

Merit: 251

Quote from: _bitnux_ on May 10, 2018, 08:23:39 PM

Yesterday i bought a bunch of BCN when the value was 1700 satoshis, then the crash happened...
Is there a chance it will reach again that price? what do you think?

Many investors believe that Bytecoin belongs to the coolest alts. I do not know if it is true but I hold them:
https://www.youtube.com/watch?v=ccksRL4QxUw

david0ikari

member

Activity: 280

Merit: 20

I have no idea what's going on with this coin... nothing happen so far for a long time... And redesign of the coin, website...Listed on Binance exchange few days ago..This is difficult to get some real news...maybe a new partnership soon

aragom

sr. member

Activity: 728

Merit: 263

Quote from: _bitnux_ on May 10, 2018, 08:23:39 PM

Yesterday i bought a bunch of BCN when the value was 1700 satoshis, then the crash happened...
Is there a chance it will reach again that price? what do you think?

it is a dump pump coin.
be careful when you are buying or selling it.

removebeforeflight

sr. member

Activity: 696

Merit: 258

Bytecoin has average potential and market cap, we cannot say that it has bad potential or it is very good to rise price in future. Every coin has its own pace and Bytecoin has its own pace and trend, don't worry with the current price and a major truth is when a coin crashes it may go beyond that or it may rise double or triple. You need to watch carefully where it bounces.

sana54210

legendary

Activity: 3178

Merit: 1128

Quote from: _bitnux_ on May 13, 2018, 06:02:52 AM

Quote from: LogitechMouse on May 13, 2018, 03:53:03 AM

Quote from: _bitnux_ on May 10, 2018, 08:23:39 PM

Yesterday i bought a bunch of BCN when the value was 1700 satoshis, then the crash happened...
Is there a chance it will reach again that price? what do you think?

NO!!!! There is no chance that BCN will be back again at the price where you bought it.

First of all, the original price of bytecoin is around 100 sats only. It just pumped because of the listing of the coin into Binance. You have bought at a price where it isn't the true price of it - in short, you got FOMO'ed. There is no chance that it will rise with up to 1700 again. Good luck holding your BCN. BCN is a shitcoin.

Oh well... i think i should learn from this first big mistake xD

See no trade is a bad trade. It is only the trader who is bad. A trader is a bad trader who can not stay patient and focused during the crash. Once it is crash, a bad trader starts selling despite holding which results in loss. As a result, he starts calling the Bitcoin trade bad trade which do not make any sense because there are people who have been earning huge in trading.

fiorilia

sr. member

Activity: 504

Merit: 250

for the future, I think it would not be good. all the coins are currently in a State of fallen and hopefully what happened a few months ago will not be repeated again. stand alone then and do not rush with what is happening at the moment.

tylerik1

sr. member

Activity: 392

Merit: 250

"SWISSREALCOIN - FIRST REAL ESTATE CRYPTO TOKEN"

There is a change that Bytecoin can bounce again, but I think it will take a while now because the pump was really heavy. If you hae some time I would recommend you to hold that coins until we are in a bullish market again.

Caesar-Giulius

sr. member

Activity: 728

Merit: 250

Buy, sell and store real cryptocurrencies

Bytecoin is a pump and dump coin, probably you will be able to see it pumping again. But 1700 sats is really a high price, did you really get at this price?

_bitnux_

jr. member

Activity: 147

Merit: 1

Quote from: LogitechMouse on May 13, 2018, 03:53:03 AM

Quote from: _bitnux_ on May 10, 2018, 08:23:39 PM

Yesterday i bought a bunch of BCN when the value was 1700 satoshis, then the crash happened...
Is there a chance it will reach again that price? what do you think?

NO!!!! There is no chance that BCN will be back again at the price where you bought it.

First of all, the original price of bytecoin is around 100 sats only. It just pumped because of the listing of the coin into Binance. You have bought at a price where it isn't the true price of it - in short, you got FOMO'ed. There is no chance that it will rise with up to 1700 again. Good luck holding your BCN. BCN is a shitcoin.

Oh well... i think i should learn from this first big mistake xD

LogitechMouse

legendary

Activity: 2422

Merit: 1036

casinosblockchain.io

Quote from: _bitnux_ on May 10, 2018, 08:23:39 PM

Yesterday i bought a bunch of BCN when the value was 1700 satoshis, then the crash happened...
Is there a chance it will reach again that price? what do you think?

NO!!!! There is no chance that BCN will be back again at the price where you bought it.

First of all, the original price of bytecoin is around 100 sats only. It just pumped because of the listing of the coin into Binance. You have bought at a price where it isn't the true price of it - in short, you got FOMO'ed. There is no chance that it will rise with up to 1700 again. Good luck holding your BCN. BCN is a shitcoin.

tuansemazi

member

Activity: 294

Merit: 10

I notice there is an abnormality that is the clear price difference between the price BCN on Binance and its price on the other two large trading floor is Poloniex and HitBTC. While BCN jumped to over 2,000 satoshi in Binance, it still only stomped on 200 satoshi on other exchanges. Why do not anyone take advantage of this opportunity to make a profit from the difference? I think it made the price

malibubaby

full member

Activity: 546

Merit: 107

Good luck my friend, I think you shoul hold Bytecoin for a long time, maybe 20 years before you get back your investment. Bcn is the biggest pump and dump coins so far and I saw that on mt entire years in crypto. Better you to hold that to get your money or you shoul sell that with so much lost of 98%.

Klovezio

member

Activity: 350

Merit: 11

Quote from: _bitnux_ on May 10, 2018, 08:23:39 PM

Yesterday i bought a bunch of BCN when the value was 1700 satoshis, then the crash happened...
Is there a chance it will reach again that price? what do you think?

there is not only BCC red in market. Every coins face correction and are depreciating. BTC is going down from 10k to 8k3. BTC trend is key.

cacvy3

member

Activity: 163

Merit: 10

It got listed on binance, that is the reason of why it made more than 30% in a day, i bought and i lost aproximately five percent in an hour, it was a bad move after all

mkumar76

newbie

Activity: 92

Merit: 0

Quote from: _bitnux_ on May 10, 2018, 08:23:39 PM

Yesterday i bought a bunch of BCN when the value was 1700 satoshis, then the crash happened...
Is there a chance it will reach again that price? what do you think?

price was never above 250 satoshi in reality , on binance there was very less supply bcoz of deposit issue in BCN , so bcoz of less supply on binance someone pumped this coin there while price remained same on other exchanges below 300 satoshi .
so you did a big mistake by buying it with fake price , you should have checked coinmarketcap atleast for other exchanges info . i dont think it will go ever to that price . but if you sell now then also you in loss of 90-93% . so you have only option to hold .

Entei

sr. member

Activity: 543

Merit: 281

I am not mentioning that it is a bad coin or a bomb with interests, maybe it may be but this is not my opinion, what i would like to mention here is the natural process of coins pumped suddenly that by corrections of the market, and for the return of its previous price and this happened in 95% of cases. Another factor we can mention is price stabilization and this only occurs with support of strong hands with interests for the future for such a project and believe that this is not the case of Bytecoin.

Febo

legendary

Activity: 2730

Merit: 1288

Quote from: _bitnux_ on May 10, 2018, 08:23:39 PM

Yesterday i bought a bunch of BCN when the value was 1700 satoshis, then the crash happened...
Is there a chance it will reach again that price? what do you think?

You probably bought at 170 satoshis and not 1700. Bytcoin price was for years between 1 satoshi and 10 satoshis. When was pumps went even to 20. So be ready to get back to single numbers.

Powerpuff

hero member

Activity: 839

Merit: 500

It seems very shady that this coin got listed at a time that (nearly) no one is able to move the token towards Binance. More importantly It's curious that Binance still listed a coin that is (nearly) impossible to move around and thus easy to manipulate. We've seen the same kind of pumps happening on coins that couldn't be moved around, for example Bitcoin Diamond.

Of course, these things happen in unregulated markets. However Binance should take a stance on this, as these kind of events hurt the reputation of the crypto markets.

starblocks

hero member

Activity: 1344

Merit: 502

Wow that's crazy!

At 1700 sats the market cap would be about $16 billion which is a bit unrealistic

Next time don't buy an asset the moment it gets listed on a bigger exchange especially if the price is ridiculously inflated

btcney

hero member

Activity: 588

Merit: 500

Quote from: _bitnux_ on May 10, 2018, 08:23:39 PM

Yesterday i bought a bunch of BCN when the value was 1700 satoshis, then the crash happened...
Is there a chance it will reach again that price? what do you think?

If you bought at that kind of price level, your only choice really is to hold.

The crash already brought prices down to around and under 100 sats per Bytecoin, and that is already around a 40% loss for you. I don't see much sense in trying to cut your losses now, when you've already lost that much.

Wait for the next crypto bull market, and sell at the peak of that. You could potentially make your money back, but your profits will be cut very short due to the fact that your entry is so high.

Topic: Bytecoin - bad trade, is there hope? (Read 292 times)