A large scale holder of Bytecoin is threatening to sell off his entire supply of BCN forcing the price down if the development team does not meet demands of his soon. If you’re not familiar with it Bytecoin is a older cryptocurrency which has been around for years now. It’s well known for its low difficulty in mining, low value and huge supply.
It can be mined on almost any CPU/GPU but only has a price of 0.00000041. At current prices this basically means you need a little over 750 BCN to equal $1. While you most likely won’t be getting rich off of this anytime soon even if you mine a lot of it but the nice thing is that BCN is a reliable coin. It’s been around for a long time, is seen as solid, fast and fairly secure and most likely won’t be going anywhere. Since its original release it has gone up considerably (relatively speaking) in value from 05 satoshi to a average of 41 satoshi. If you’re not familiar a satoshi is a measurement of value in bitcoin
For any new or old crypto investors I bring this up as a chance to load up on some cheap(er) bytecoin. Like the article mentions it’s unlikely the bytecoin team will meet the demands. Most likely this person will sell off his large amount of bytecoin forcing the price down. When this happens best to follow the old saying, buy low, sell high.
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