Bytecoin - bad trade, is there hope?

trickyriky

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Quote from: _bitnux_ on May 10, 2018, 07:23:39 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

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Activity: 280

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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

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Activity: 728

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Quote from: _bitnux_ on May 10, 2018, 07:23:39 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

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Activity: 696

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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

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Quote from: _bitnux_ on May 13, 2018, 05:02:52 AM

Quote from: LogitechMouse on May 13, 2018, 02:53:03 AM

Quote from: _bitnux_ on May 10, 2018, 07:23:39 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

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Activity: 504

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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

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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

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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_

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Activity: 147

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Quote from: LogitechMouse on May 13, 2018, 02:53:03 AM

Quote from: _bitnux_ on May 10, 2018, 07:23:39 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

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Quote from: _bitnux_ on May 10, 2018, 07:23:39 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

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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

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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

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Quote from: _bitnux_ on May 10, 2018, 07:23:39 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

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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

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Quote from: _bitnux_ on May 10, 2018, 07:23:39 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

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Activity: 543

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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

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Quote from: _bitnux_ on May 10, 2018, 07:23:39 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

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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

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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

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Quote from: _bitnux_ on May 10, 2018, 07:23:39 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.

Yuuto

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Quote from: _bitnux_ on May 10, 2018, 07:23:39 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 bought at a really inopportune time for sure. I think you meant 170 sats instead of 1700.

There is definitely a chance that you'll see Bytecoin prices back at the previous highs again, however it's quite unlikely in my opinion that you'll see those prices back within a short amount of time, unless people start fomo buying again right after the pump (unlikely).

And even if Bytecoin does actually get to set a new all time high, that will most likely mean that the entire crypto market is in a bullish state. I would suggest cutting your losses now, buying back at lower prices if you still believe in BCN. But instead of BCN, I'd look at XMR for a better long term coin.

cabbarlana

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Bytecoin, unfortunately, has been extremely saddened by investors in recent days. Cryptic money, which sometimes catches nice levels, disappoints many investors because it can not provide persistence on this upswing. My opinion is that those who are patient and ungrateful in this market are earning.

have1983

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Good luck, my friend.

bratko99

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Damn dune, you a Binance user Grin

If you don't need the money, then just hold. Don't sell.
Eventually, it will go back. But the question is when. By now you should already know that all coins that get listed on Binance will crash after a few days.

wanglili1983

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I hope you bought a potential stock, and I wish you good luck in the current bear market.

Killrbit

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Bytecoin is known pump and dump coin, i honestly dont think u could get anywhere near that even if it were to pump again.

Take this as a lesson learned in why not to fomo buy into coins. Hope u didnt but in to much cause u will have to bag hold this for a while.

Also at 22 cents bytecoin would have been valued at over 20 billion USD and at no 4-5 on coinmarket cap.

tabas

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Quote from: _bitnux_ on May 10, 2018, 07:23:39 PM

Is there a chance it will reach again that price? what do you think?

Don't be discouraged bytecoin isn't the only coin that is on dip for today.

Quote from: kul0n on May 11, 2018, 05:58:30 AM

Chance, of course, there are, but I'm wondering, why did you buy the coin at the tops especially during a period of strong instability?

He's on FOMO that's why he bought it during it was listed on binance and he hoped that it will be pumped more but he's wrong with his intuition.

kul0n

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Quote from: _bitnux_ on May 10, 2018, 07:23:39 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?

Chance, of course, there are, but I'm wondering, why did you buy the coin at the tops especially during a period of strong instability?

joelsamuya

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I got this attention when i am scrolling the page, I bought Bytecoin few months ago, when the BTC is above 16000 usd each and then the price of bytecoin is still at high, so i did not make any study about bytecoin those time, what i came to my mind was bytecoin was performing even before, up to this time, i never see my portfolio of bytecoin, still knowing that i am at loss of this coin. Later on, i just decided to HOLD for so many years until it gains a lot, then i will sell it during that time.

It so hard to hold this bytecoin, and then losing my capital for so many months, i thought i am the only one holder of HOLD of this coin haha. Lets hope for this coin to move up.

Cheers

erickkyut

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Quote from: _bitnux_ on May 10, 2018, 07:23:39 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 shouldn't go with the FOMO. Bytecoin is the a good coin. It is only a pump and dump coin and you should have bought it when its price was down not when the price is already pumping. You should learn from this mistake and avoid buying coins next time because of hype. Always remeber that buy when the price is down so that you can sell it on a higher price.

anthinguy21

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It's hard to know at this time, I think you need keep holding and pray for BCN price to rise back to 1700 satoshi

)

But don't worry cause you're not the only person stuck in BCN because of a big FOMO of Binance listing. Grin

. Keep holding and don't be panic when you see price of BCN keep falling.

passwordnow

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Quote from: _bitnux_ on May 10, 2018, 07:23:39 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?

Too bad for you, I don't want to give you some false hope but this is what happens when a coin was hyped and pumped.

Later on the profit takers will come out of it and won't come back as they are good from taking profits in there. The whole market is in bad mood today so every coin has been affected.

28days_ever

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Even a coinmarket can not now understand what is happening with this coin. Indeed, the last time he so often moved up and down and looked like a pump, that from a prospective project turns into another unnecessary rubbish. I hope that all this is temporary and the developers will be able to get it out of this state.

B.A.S.

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It was not normal for Binance to be listed too much for it to be listed. 20-30% maybe, but when it gets too high, I doubt it.

Suslived

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Quote from: _bitnux_ on May 10, 2018, 07:23:39 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?

Bytecoin is one of the largest PUMP and DUMP coins. Good luck bag holding that. It will only probably PUMP again once it gets listed on a large exchange. The problem is it was already listed in Binance which is the largest exchange by volume. I don't see it going any further than that. Especially because the dev team is a bunch of scammers who are not doing anything to improve the coin anyway. Again, good luck.

_bitnux_

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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?

Topic: Bytecoin - bad trade, is there hope? (Read 329 times)