Bitcoin Forum

Been hearing its the market manipulation of the multipool, but does anyone know actually what it is? SHould I buy in now, or will it never go down?

Someone who bought 5 BTC worth at 1500 could easily dump the entire sell book in a  matter of seconds. This is too dangerous imo

So not much liquidity? it seems blackcoin has been slowly rising though, surely must be interest?

noone cares really, just another alt that gets pumped x10 to get dumped x20 later.

Not true

There have been dumps, but the price recovers within minutes. 

The order book looks good

multipool pumps the price.

nothing new, you forgot dogecoin and aurora?

interest is just on blackcoin at the moment, in one week it will be on another coin or divided among others shitcoin

- 100% proof of stake means no wasteful proof of work mining (bitcoin miners cost over $15 million dollars of electricty every day to run. If Blackcoin was worth the same, it would be a fraction of that).

- 10 second transaction times. A lot of people seem to think it's 60 seconds because that was what it was when the coin was proof of work, but now we are proof of stake. Coins based on bitcoin with proof of work that try to go that low fork horribly (even worldcoin has forked at 30 seconds before).

- No coins being dumped by miners!! People who haven't done their research make a big mistake they don't realised unlike Bitcoin, Litecoin, Dogecoin, Peercoin etc there are not tons of newly mined coins being dumped on the market for profit every day. This is HUGE. A big thing which KILLS pumps is the miners dumping. The only dumps that happen with Blackcoin are from people taking profits. I've been posting regularly about the patterns Blackcoin follows - big pump, consolidation period where people take profits, trading volume decreases until it reaches the point no-one else is taking profits, finally demand outstrips supply and next pump starts. I've noted that exact pattern 6 times in the last month and all my predictions came true.

^ Yup. Pure PoS and in-person usable transaction times could be game changers, and no coin has had them both before Blackcoin. Those two things along with the momentum BC has are a big fucking deal.

It's not any one factor for BC. It's a combination of innovation, marketing and timing. There have been coins that had a few of the right factors but BC has them all.  

The multipool was a brilliant idea to get off the ground, and it worked very nicely but it's effect has been a drop in the bucket compared to total volume for a while now. If it disappeared tomorrow nothing changes.

You guys think Blackcoin is nothing but a short term investment? Is it worth it for long term?

1% YEARLY POS rate is not worth it, not even considering. SO that's why I asked.

The fact that there are no miners dumping and a multipool that keeps buying is a pretty interesting combo. Add on top all the speculators and daytraders and bots and you can see where this whole thing is going.

quark was not pos however.

So back to my original question: What do you guys think Blackcoin is? Short term pump and dump or viable long term investment?

I'm holding onto it as a long term investment.  It's limited supply makes it unique now.

+1. Dump is coming soon

Blackcoin wasn't instamined.  I was at the launch and it was probably the most legit launch I have seen.

Quit spreading FUD unless you can back it up

I only think long-term when I invest in coins and I'm holding a lot of Black. I really, really don't think this is a pump and dump.

Could always be wrong, but that's one investors opinion.

Blackcoin was instamined I believe so?

I wonder why everyone thinks blackcoin "invented" multipool. NXT did and does it long time before and is really innovative + the price is pretty stable. imo blackcoin is just pump n' dump, goes up way to fast, but we'll see

Not one person here can give you an answer to your question! The truth is this is unchartered territory, the community is strong and positive, it has brilliant devs and many more working hard to make this a success. Personally I bought 2500 coins a while ago for $20, it's now worth $875 so for such a small stake I'm happy to hold and see what happens as $20 is a low risk investment and if I lose it then it won't exactly break the bank eh?

This may crash, who knows, obviously the people who missed the train stand out like a sore thumb with their negative posts on this thread but unfortunately that is the ugly side of trading! The people that missed an opportunity will create fud to make themselves feel better, which is a shame as 'ALTS' are what we are interested in, and if a coin does well, then fair play, I'm happy whether I'm a holder or not because it will help all alts with growth by giving them a benchmark and can only encourage the buyers to find the next train!! But some will always have their sad ways and almost wish for a coin to fail just because they missed it!!!!!

The only honest answer I can give you to your original questions is no it's not to late, these rises will keep happening for a little while yet, then who knows? But yes I'd get on now and enjoy for a while!!

All the best

DAMN KID.  ;D
Thats why I've been doing, investing $20 into a very new coin, best way to invest without stressing too much.

I think some manipulation is here ofcourse but just look at some events connected with BC.
-1st alt mooltipool
-1st pure POS
-Blackcoin creadit card
-25BTC in donation in 2h for paymant procesor
-realy good dev(he prooved flaw in POW low rewards system)
-creative community
... and more

About price allays depends what time frame we are talking about because now with 0.4$ per coin which we have only 74m is still real cheap.
While LTC.VTC and others are a way higher.I was wary at 5-10$ but not under 1$.
Mayby wait for correction and then join.
BC is real solid coin IMO worth investing few $.