Bytecoin Investors Worried About the Safety of their Investment - Bytecoin (BCN) News. Monday, September 17
Bytecoin Cryptocurrency News
Bytecoin Investors Worried About the Safety of their Investment
The situation of Bytecoin is such that many investors believe that their funds may have been lost. This is despite the fact that the coin recently increased in value by 166 percent in a situation that has raised doubt of many exchanges and resulted in the irregular display of the coin data among exchanges because there are fears of market manipulation.
There has been increase in volume after the coin was listed by Binance but this has not been reflected in many exchanges that view Bytecoin as a pump and dump coin.
Recently, the team behind the project promised to host an AMA to resolve some of the issues bothering the investors but even this has not made the problems go away. Complicating issues is that holders of the coin are finding it extremely difficult in liquidating them at any exchange. One investor complained that he has lost $2800 due to the investment he made in Bytecoin.
The problem of the digital token started after it was discovered that the coin was pre-mined. This made the team behind it lose the confidence of the coin community and since then, there have been other coins using similar protocols but with more transparent structure therefore making most investors keep off Bytecoin.
The situation today is that few want to get in while most want out. The team is working very hard to reassure the investors but what many people want to know is if they can be able to recover their investments.
Bytecoin is trading at $0.001864 reflecting a 3.58 percent loss over the past 24 hours. With a market cap of $343 million, the digital currency is listed at number 25 and has traded $2.7 million in the course of one day. Hitbtc, Binance and Poloniex are the major exchanges trading the bulk of Bytecoin volumes.
Follow TokenTops on Twitter to stay notified about new articles, cryptocurrency news, ICO announcements and price predictions and analysis.
Legal Disclaimer: Please remember that trading, buying or any other type of investing in cryptocurrencies should be consider risky and may lead to the loss of all of the invested money. For further information visit Terms and Conditions section on TokenTops. We do not encourage our readers to any kind of financial decisions. Neither tokentops.com nor its parent companies accept responsibility for any loss, damage, or inconvenience caused as a result of reliance on information published on, or linked to, from tokentops.com. We believe that everyone should make their own and in depth research on the particular topic in various sources before making any financial decision and this person should be the only one responsible for the outcome. Our writers do their best to remain unbiased and don't actively support any project. The research is done with various sources, the predictions are based on own believes, analytical skills, experts and community discussions and is intended to convey general information only.
You may also like
Bytecoin Falls By 18% As Binance Announces Plans To Delist The Asset - BCN News, Price
Bytecoin (BCN) Price Analysis: Does Bytecoin Still Have Room To Improve?
Bitfinex Adds Trading Pairs for Tezos (XTZ). Bad luck bit off a chunk of its market cap - Tezos News
The World First Birth Registered on Decred Blockchain - Cryptocurrency News
xRapid by Ripple could be launched “in the next month or so” - Ripple (XRP) News
Vechain Updates Community On Various Nodes and Expected Rewards - VeChain News
You need to login to create comments.