New York Coin, or NYC, has much in common with Bitcoin. Both have original developers which disappeared after the launch of the cryptocurrency. Both have developers which have not been heard from since launching the currency. Both have never had their developer’s identities be leaked to the general public.
NYC’s original github account has never been modified since its initial creation. The original code is open-source and completely viewable. It was launched without pre-mining or holdbacks. It offers low-difficulty mining for virtually all rigs. There are never network fees associated with this cryptocurrency. Transactions occur with 30-second confirmation times.
There is a lot to love about New York Coin. NYC transactions have been confirmed globally for more than 4 years with exceptional consistency. It is the real deal. And, unlike other cryptocurrencies, it has remained in the shadows while others have taken the limelight.
That means the time is now to explore the opportunity that is NYC.
Why the Time Is Right to Consider New York Coin
Awareness of NYC is helping it to become a major contender. On Christmas Day, 2017, the cryptocurrency had its first trading day exceed $150,000. In the following 2 weeks, it would reach $4 million in tradition volume. Since January 5, 2018, all sub-satoshi New York Coin have been eliminated from the market.
During its peak trading volume days in January 2017, values soared to 7 satoshi. Now they are currently trading in the 2-3 satoshi range with consistency.
This awareness has led others involved in the world of cryptocurrencies to take notice of NYC as well. The #1 rated altcoin wallet for several years, Coinomi, announced on January 17, 2018 on Twitter that NYC will be officially supported in their next release and that Beta access was immediately available for crypto users.
New York Coin has also been added to Electrum X. This enables NYC to be implemented into any ATM that supports script for altcoins.
It enables free remittances worldwide. There are no fees to send or receive funds using the network. Confirmations for NYC are 20 times faster than Bitcoin. They’re even 5 times faster than Litecoin. That makes it suitable for retail-level transactions that are time-sensitive.
Yet, with all of these tremendous benefits, there is still more to love about New York Coin as a potential investment.
Applying the Rule of Scarcity to NYC
Cryptocurrencies are not like anything else on our planet today. That makes them difficult to compare to anything else. It would be fair to say that NYC is very much the equivalent of the duck-billed platypus. It is a category creator. 
Unlike Bitcoin, however, NYC has a unique advantage. It does not have the same levels of extreme volatility.
Cryptocurrencies keep track of mining numbers as a way to communicate scarcity. You know for a fact that if you trade in NYC that there have been about 132 billion NYC mined since its beginning. You know that block rewards for mining NYC are 10,000 every 30 seconds for the lifetime of the coin.
To improve the continuing valuation of NYC, the community is thinking about implementing a fork. The proposal is to reduce the block reward to 1,000 and cap the maximum lifetime coin supply at 150 billion. No consensus has been achieved as of yet, but the potential of having a vast majority of NYC already mined gives this currency more potential valuable than many of its competitors.
Reasons Why an NYC Makes More Sense
There are three core reasons why an investment into New York Coin makes sense right now.
#1. It is incredibly easy.
There are very few regulatory oversights involved with cryptocurrencies at the moment. That means transactions happen rapidly, cheaply, and without the headache of “traditional” investment options. You can choose to mine if you wish or you can purchase your cryptocurrency on an exchange.
#2. It is cheap.
Unlike Bitcoin, it is free and fast to send or receive NYC. Bitcoin often charges a flat 0.2% of the value of each transaction. Banks in the United States charge up to 4% for credit card transactions. Foreign exchange fees of 3.9% or higher are possible for global companies. NYC eliminates all of these fees.
#3. It has natural instability without high risk.
If you’ve watched the value of Bitcoin rise from hundreds to tens of thousands of dollars over the past few years, then you’ve seen the benefits of unrest. The political climate today is quite volatile. Investors want the best possible growth over time without taking huge risks. NYC has followed the same trajectory as of late 2017 as other altcoins, but without the huge risks that Bitcoin has offered.
That’s not to say that NYC is a perfect investment. Should it become popular like Bitcoin, then it could encounter similar scaling problems because of the blockchain process.  There will always be competing cryptocurrencies that may disrupt the market. As more people pay attention to it, growth rates may be limited within NYC.
The reality of an investment into NYC is this. If you had just $1,000 invested into it at the beginning of the year, it would be worth about $3,000 right now. At its peak, that value would have been about $7,000.
Does that beat Bitcoin? No, but the values are somewhat similar. A $1,000 investment into Bitcoin in April 2017 would be worth about $4,000 right now.
NYC is global, just like other cryptocurrencies. It is de-centralized. It is anonymous. It is competitive because it reacts faster than other altcoins since it does not have the same scaling issues. Businesses and brands in New York City and around the world are accepting NYC for transactions at a growing pace.
The time to get involved is now. If you’re a business owner, consider accepting NYC for transactions. If you’re an investor, NYC compares better to Bitcoin than other cryptocurrencies.
Always perform your own due diligence, but do give New York Coin a closer look. Your financial future might depend upon it.
 Bogart, Spencer. “Bitcoin is a Platypus: The Story of Category Creators.” Forbes. December 3, 2017.
 Kasireddy, Preethi. “Blockchains Don’t Scale. Not Today, At Least. But There’s Hope.” Hackernoon. August 23, 2017.