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Bytom (BTM) Live Price Chart & History

Live BTM / USD Price Chart

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5

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Risk Warning: Your capital is at risk

Price USD 0.62%
$0.908154
Price BTC
0.00010187
Volatility (7d)
1.07 %
Volatility (30d)
1.69 %
Market Cap USD
$896.3M
Market Share
Since launching at $0.11095 on 08/08/2017 Bytom has achieved a price of $0.908154, falling -0.05% in the last week alone.

Bytom Price Analysis: Predictions and Forecasts

Why buy Bytom? What is it used for?

Bytom is an interactive protocol of multiple byte assets. Heterogeneous byte-assets (indigenous digital currency, digital assets) that operate in different forms on the Bytom Blockchain and atomic assets (warrants, securities, dividends, bonds, intelligence information, forecasting information and other information that exist in the physical world) can be registered, exchanged, gambled and engaged in other more complicated and contract-based interoperations via Bytom... Bytom (The Bytom Blockchain Protocol) will not be another Bitcoin, nor will it be Ethereum 2.0. Bytom is an intermediary connecting generalized blockchains with specialized blockchains. In the past, there has not been a complete and effective blockchain protocol for the purpose of exchanging diversified digital assets. Bytom is designed to be the public blockchain specifically for the area of asset management in an attempt to solve the following problems: > What kind of blockchain is needed to carry digital assets. > How to establish the mapping relationship between physical and digital assets , and resolve compliance issues. > How to bridge the gap between the physical and digital worldsto promote effective flow of assets on-chain and off-chain.
Bytom was launched in 08/08/2017. It uses the Proof of work method of consensus, and is based on the N/A algorithm. Bytom's goals include Transfer assets from atomic world to the decentralized world, interactive protocol of multiple byte assets, Bytom Blockchain and atomic assets (warrants, securities, dividends, bonds, intelligence information, forecasting information and other information that exist in the physical world) can be registered, exchanged, gambled and engaged in.

Trading Bytom : The Best Platforms to trade BTM

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Risk Warning: Your capital is at risk

Bytom Trading: How To Buy + Trade BTM

Many of the 'long tail' of cryptocurrencies are currently only available at a handful of exchanges, many of which will not accept direct US Dollar, GBP or EUR deposits. In order to make a trade, you need to:
  1. Create a Bitcoin, Litecoin or Ethereum wallet
  2. Create a Bytom wallet to recieve your coins
  3. Buy either BTC, ETH or LTC at an exchange you trust, making a deposit by bank transfer or credit card
  4. Transfer the major coin you have bought to an exchange that trades BTM
  5. Exchange your BTC, ETH or LTC for an amount of BTM, depending on the current exchange rate
  6. Move your Bytom coins from the exchange to your private wallet to protect yourself from hacks or bankcrupcy at the exchange

The downsides of trading BTM on an exchange

As you can see, the process for trading Bytom is not entirely straightforward or without risks. Exchanges are notorious for bad security and there have been several major incidents of hacking or an exchange 'going bust' with the losses to coin holders in the hundreds of millions. It is not safe to keep coins on any exchange, yet moving between exchanges or from an exchange to your wallet will incur fees.

Furthemore, its not uncommon for exchanges to go offline during periods of high volatility - means should the price of Bytom crash you may find yourself unable to trade out of the currency and into a safe haven due to their site crashing.

What's the alternative?

If you plan to trade, rather than buying to hold, we recommend trading with a CFD or forex broker. It may limit your choice of currency, but has considerable advantages:

  • The brokers are established and regulated by financial conduct authorities
  • Brokers regulated in Europe offer deposit protection: if they go bust your deposit will be refunded by the goverment (though not your open trades!)
  • Deposits and trades can be made directly in a currency you are comfortable with - USD, EUR or GBP. No need to calculate multiple exchange rates to know your profit.
  • Forex brokers are accustomed to high volatility and are better prepared for spikes of traffic. In a bear market, you should have a better chance of closing trades and getting your money out before Bytom goes to zero

You can see our list of featured trading platforms here

Will the price Bytom fall continue to rise?

It's impossible to predict for sure if Bytom is due for a crash or is headed to the moon, but this is what we do know:

  • In the past 7 days Bytom has fallen by -0.05%
  • In the past month it has gained 59.32814466587%
  • In total it has appreciated by $0.797204 since its inception, a change of 818.53%

Can Bytom reach, replace, pass or overtake bitcoin?

At present Bytom is trading at 0.00010187 BTC. In order to reach Bitcoin's current price of $15000 USD it would need to grow by 981,643.3%. If we assume Bytom continued to as it has in the last month - with a price change of 59.33% it would take 1.7375548530573 years just to reach Bitcoin's current price. To overtake bitcoin will take longer.

Price Targets:

If you're wondering if the price of BTM is going to take off and increase in price to a higher level we've done the math for you.
In order for Bytom to reach $1.00 it needs to increase in price by a factor of 1.10x. Given its present growth rate of 59.33% per month, it could take just 0.4 months to hit a price target of $1 USD

What is the probability of hitting $1.00 over time?

Time periodChance final price > $1Chance final price < $1
1 week33.9%66%
1 month42%57.9%
3 months45.4%54.5%
6 months46.7%53.2%
1 year47.7%52.2%
2 years48.3%51.6%
3 years48.6%51.3%
4 years48.8%51.1%
5 years48.9%51%
These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for Bytom to reach $5.00 it needs to increase in price by a factor of 5.51x. Given its present growth rate of 59.33% per month, it could take just 6.9 months to hit a price target of $5 USD

What is the probability of hitting $5.00 over time?

Time periodChance final price > $5Chance final price < $5
1 week0%100%
1 month0%99.9%
3 months2%97.9%
6 months7.4%92.5%
1 year15.5%84.4%
2 years23.7%76.2%
3 years27.9%72%
4 years30.6%69.3%
5 years32.5%67.4%
These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for Bytom to reach $10.00 it needs to increase in price by a factor of 11.01x. Given its present growth rate of 59.33% per month, it could take just 9.8 months to hit a price target of $10 USD

What is the probability of hitting $10.00 over time?

Time periodChance final price > $10Chance final price < $10
1 week0%100%
1 month0%100%
3 months0.2%99.7%
6 months2.1%97.8%
1 year7.7%92.2%
2 years15.7%84.2%
3 years20.5%79.4%
4 years23.8%76.1%
5 years26.2%73.7%
These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for Bytom to reach $15.00 it needs to increase in price by a factor of 16.52x. Given its present growth rate of 59.33% per month, it could take just 11.4 months to hit a price target of $15 USD

What is the probability of hitting $15.00 over time?

Time periodChance final price > $15Chance final price < $15
1 week0%100%
1 month0%100%
3 months0%99.9%
6 months0.8%99.1%
1 year4.8%95.1%
2 years11.9%88%
3 years16.8%83.1%
4 years20.2%79.7%
5 years22.8%77.1%
These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for Bytom to reach $25.00 it needs to increase in price by a factor of 27.53x. Given its present growth rate of 59.33% per month, it could take just 1.1 years to hit a price target of $25 USD

What is the probability of hitting $25.00 over time?

Time periodChance final price > $25Chance final price < $25
1 week0%100%
1 month0%100%
3 months0%99.9%
6 months0.2%99.7%
1 year2.4%97.5%
2 years8.2%91.7%
3 years12.8%87.1%
4 years16.2%83.7%
5 years18.9%81%
These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for Bytom to reach $50.00 it needs to increase in price by a factor of 55.06x. Given its present growth rate of 59.33% per month, it could take just 1.4 years to hit a price target of $50 USD

What is the probability of hitting $50.00 over time?

Time periodChance final price > $50Chance final price < $50
1 week0%100%
1 month0%100%
3 months0%100%
6 months0%99.9%
1 year0.8%99.1%
2 years4.6%95.3%
3 years8.4%91.5%
4 years11.7%88.2%
5 years14.3%85.6%
These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for Bytom to reach $100.00 it needs to increase in price by a factor of 110.11x. Given its present growth rate of 59.33% per month, it could take just 1.6 years to hit a price target of $100 USD

What is the probability of hitting $100.00 over time?

Time periodChance final price > $100Chance final price < $100
1 week0%100%
1 month0%100%
3 months0%100%
6 months0%99.9%
1 year0.2%99.7%
2 years2.4%97.5%
3 years5.3%94.6%
4 years8.1%91.8%
5 years10.6%89.3%
These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for Bytom to reach $200.00 it needs to increase in price by a factor of 220.23x. Given its present growth rate of 59.33% per month, it could take just 1.8 years to hit a price target of $200 USD

What is the probability of hitting $200.00 over time?

Time periodChance final price > $200Chance final price < $200
1 week0%100%
1 month0%100%
3 months0%100%
6 months0%99.9%
1 year0%99.9%
2 years1.1%98.8%
3 years3.2%96.7%
4 years5.4%94.5%
5 years7.6%92.3%
These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for Bytom to reach $300.00 it needs to increase in price by a factor of 330.34x. Given its present growth rate of 59.33% per month, it could take just 2.0 years to hit a price target of $300 USD

What is the probability of hitting $300.00 over time?

Time periodChance final price > $300Chance final price < $300
1 week0%100%
1 month0%100%
3 months0%100%
6 months0%100%
1 year0%99.9%
2 years0.7%99.2%
3 years2.3%97.6%
4 years4.2%95.7%
5 years6.1%93.8%
These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy

Is Bytom a good investment? Is it safe to put my money into BTM?

No, it is not a 'good investment' to buy Bytom, and given the market volatility it is certainly not safe either. We would urge you to not to consider buying or trading Bytom as an investment but purely speculation.

It is certainly possible to profit from an increase in the value of BTM - and if you short the coin you might even profit from a crash in the market.

However with so much uncertainty in the market the best you can do is make an educated guess as to the direction of the price or the mood of the market. If you're not informed on the fundamentals that's pretty close to a gamble.

Remember, your capital is at risk.. Trading conditions can change at any time without prior notice. Buying, holding or trading is a high risk activity that may incur significant losses over a short period of time

Market Sentiment

Bytom Development + Team

There are 2 developers coding the source behind Bytom There are no sales or marketing staff on the team which could impede the coin's growth.

Bytom publishes bios of all of its team members at their website which can help investors understand the motivations and people behind the project

The team for Bytom is lead by Chang Jia,

The team is not active on the social media channels, which can be a troubling sign. Their blog is updated regularly with news and information on Bytom's development

.

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