Altcoins Talks - Cryptocurrency Forum
Further Discussions => Reputation, Scams & Phishing => Topic started by: Henrikbliss on May 09, 2018, 06:06:50 PM
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Bytecoin (BCN) witnessed a growth of over 166% in a few hours after the announcement of Binance listing. However, the cryptocurrency have experienced a series of problems, ranging from plummeting price to network and withdrawal issues in the past few hours.
A few hours after the Binance announcement on Tuesday, Bytecoin (BCN) saw itself at the 15th position in CoinMarketCap with a market capitalization of over $2.7 billion. The cryptocurrency has since fall below 1000th position with no market record as at press time.
Read More: https://news.bitzamp.com/could-bytecoin-bcn-boosting-be-seen-as-a-pump-and-dump-scheme/ (https://news.bitzamp.com/could-bytecoin-bcn-boosting-be-seen-as-a-pump-and-dump-scheme/)
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It has to be... i mean the rise and fall in such a small time frame is truly amazing.. I hope whoever was involved with this gets some sort of repercussions... I mean investors should know better than to buy things on parabolic runups.. but the fact that they could even orchestrate it is very frustrating.
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It's probably whales manipulating the price, but then again it is just a pump and dump coin anyway, the binance listing was a complete surprise and caught us all off guard