Top Reasons why Bytecoin will reach the moon in 2018

in #cryptocurrency7 years ago


Image Source: Btcurrencies

Here are some of the reasons why I feel that ByteCoin will definately rise atleast 50x in 2018:

  1. It is the oldest Cryptonote currency (Private, Encrypted Blockchain)

  2. Small number of clandestine and devoted stakeholders, passionate

  3. Its almost totally mined, and even now mining software can pull hundreds of coins in the time that others take to mine a single coin. This has a big meaning for future transaction times and fees. Even when the coin limit is reached, its fees and transaction times will likely feel little impact.

  4. It's market cap is running a race amongst the big boys, and going up

  5. Monero may finally become as unusable as Bitcoin for those seeking to send money back and forth for daily things, its low coin cap creating a more volatile lifecycle, even though this is good for those who bought in for the sake of cashing out. Once it reaches into the thousands per coin, it may start fluctuating like BTC, and this won't work for the black market, or reliable transfer.

  6. Bytecoin aims to make a more stable currency when it reaches its potential market cap, by having billions of coins. This means that it is not likely to go above $1, with $10 or so probably being the best case scenario "shoot-for-the-moon" outcome. But this is excellent news if you bought hundreds of thousands of Bytecoins while it was 1/4 of a penny, like I did. People who want to use a currency for actual worldwide exchange will need a more stable coin.

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I'm hearing different statements. Until bitcoin has better security and faster transactions , other cryptocurrencies will take its place.

Its difficult for Bitcoin to achieve the same as already we can see there is not much consensus for the hardforks of bitcoin. Segwit2X should have been done for the good of Bitcoin. Already we can see signs of bitcoin falling with decreasing market cap

Yes, and even max keiser, which was hardcore supporter and investor of bitcoin, outlined that problem in his last report "Christmas Debt (E1172)"

So what do you think, how can we make the bitcoin survive in 2018??

Bitcoin will survive. In any way. Because people around the world already know how banks are ripping them/us blind. As soon , the Lightning Network will be implemented, bitcoin will be faster and safer. Until than, you have plenty of other alternative currencies to trade with.

I love mining bytecoin

Do you use cloudmining for bytecoin?