Skip to main content

Why You Must Invest in ByteCoin (BCN)



I was reading an investment article recently and when I apply the key take aways from that article to my investment in Bytecoin, I realise there could not any better time or currency for me to invest it. Below are some basic rules of investing picked from that article - 


Markets tend to return to the mean over time.



So if you think you have missed the flight when ByteCoin (BCN) was at its historical peak, You are wrong. History keeps repeating itself and ByteCoin would be touching minimum 10 cents very soon. 

There are no new eras, so excesses are never permanent.

Today markets might be flooded with BCN but the moment graph start touching the new heights, people will start considering it as an alternative investment vehicle and will hold the coins for as long as possible leading to ByteCoin deficit in the market and even higher prices. 

The public buys the most at the top and the least at the bottom.

What do you think when people realised investing in BitCoins, When it reached its peak and created a media hype. Investors will rally for ByteCoin (BCN) very soon as the graph starts rising. 

Markets are strongest when they are broad and weakest when they narrow to a handful of blue-chip names.

More than 70% of the mining for BitCoin is done by professional companies and same goes for other lightweight currencies. For the first time ByteCoin introduced the concept of egalitarian encryption which keeps ASIC miners are bay allow anybody with CPU or GPU to mine. There wallet also has integrated mining options. Making BCN market & ecosystem broader than one can imagine.

and last but not the least

No One Made a Dime by Panicking


This is the crux of successful investing. Never panic and have some trust in yourself and your capabilities. If you bought or mined ByteCoin (BCN), It was your conscious decision and you must be prepared to hold & wait a little longer for better returns. 

Comments

  1. Now a days, we are finding those site that are providing Bitcoin services like this site https://www.investbitcoinira.com/. Have you another site like this? let me know.
    Thanks

    ReplyDelete
  2. I am interested to know about bitcoin. Hope, Bitcoin is the best for exchange. Have you another site for it. Or you can read more about it.
    Thank you

    ReplyDelete

Post a Comment

Popular posts from this blog

How to Get Blazing Fast BlockChain Sync on your ByteCoin Wallet

The Bytecoin Wallet needs a Bytecoin node to connect to in order te retrieve information from the blockchain. By default the wallet will start a local node. On first start this node needs to download all the history of the entire blockchain (around 7 GB) from the Bytecoin network. This can take several hours or even days depending on your connection. The process can be much quicker if you grab the blockchain and download it directly from the  Bytecoin site . But you can also connect to a remote node. This will work out-of-the box, which is great if you want to just connect and get going with your wallet or as a backup if your local node is not preforming. Setting the connection to remote node is done in the preferences settings. From auto selection (which defaults to embedded) switch to remote daemon. That’s it! Just launch the wallet and you are connected. Below are the nodes you can connect to in RPC mode -  node.bytecoin.ninja - port 8081 bcnrps.ebrahma.com - port 8081

How to Get Started with ByteCoin (BCN)

If you are a mid to long term investor who invest for good 1 to 3 years of period then not investing in ByteCoin (BCN) would be sheer foolishness. BCN is bound to grow 100 folds in next one year as all major exchanges would be listing it very soon along with Wallets like Jaxx have announced their plans to add BCN.  Leading online cryptocurrencies payment gateway GoURL is also adding BCN to the list very soon. So, the best time to invest in BCN is TODAY !! So how do you get started with BCN ? If you an existing crypto investor, You probably hold some BTC or other coins which can be traded for BCN on popular exchanges like HitBTC , Poloniex , Cryptopia . You can now either keep them in your exchange or bring them to your wallet.  USERS NEW TO CRYPTOCURRENCIES If you are a new investor and like me have decided to start investments journey with ByteCoin, then below are the steps to be followed -  Step 1 Get The Wallet Download the ByteCoin wallet for your OS from the links

5 Reasons Why ByteCoin (BCN) is Called Big Brother of BitCoin (BTC)

Untraceable payments The ordinary digital signature (e.g. (EC)DSA, Schnorr, etc...) verification process involves the public key of the signer. It is a necessary condition, because the signature actually proves that the author possesses the corresponding secret key. But it is not always a sufficient condition. Ordinary signature Ring signature is a more sophisticated scheme, which in fact may demand several different public keys for verification. In the case of ring signature, we have a group of individuals, each with their own secret and public key. The statement proved by ring signatures is that the signer of a given message is a member of the group. The main distinction with the ordinary digital signature schemes is that the signer needs a single secret key, but a verifier cannot establish the exact identity of the signer. Therefore, if you encounter a ring signature with the public keys of Alice, Bob and Carol, you can only claim that one of these individuals was the sig