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12,000 BTC worth of Blackcoin was traded higher than the current price. That's a huge amount of the entire coin supply. Pretty sure some people are stupidly panic selling a loss when we're right at the bottom.
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Posting the price every few minutes serves no purpose but to cause panic. As I stated before things or going on behind the scenes that will bring a ton of value to BC. In a few days this will seem like a distant memory when we are trading at a higher level. I guarantee there will be people who will say: "I wish I didn't sell all my BC @ 26000 sat".
Maybe we should do another marketing campaign. The last one seemed to work pretty spectacularly. |
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Price stablising.
We all know what happens to the price once things flattens out.
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Think back everyone to all the similar hype around Vertcoin, that reached dizzy heights and came crashing down. Has it recovered yet? nope it hasn't, if your a bagholder from 60k upwards then your going to be one for a very long time. No matter how much you hype this up now, your not going to create a massive rise, only whales can do that and 99.9% of you all here are not one.
Yes Vertcoin has thousands of new coins mined and being dumped on the market everyday. As explained in this topic, Blackcoin has no proof of work coins to be dumped by miners for profit. The only real dumping occurs from speculators and eventually they run out of profit to take and if the demand is still there then the price rises. I've seen it happen 7/8 times since way down at 600 satoshis. The last dump this brutal we recovered from it in a week (75% drop in value, 1500 BTC traded). |
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The main problem Faircoin suffers from is that the initial coin distribution process at the beginning wasn't actually fair. We all trusted the Faircoin developer not to game his own account creation system and award himself 50% of all the coins spread out over a thousand accounts.
Compare this to Blackcoin which distributed out the coins via the celebrated proof of work mining process pioneered by Bitcoin, which cannot be gamed or cheated, and most importantly is visible on the public blockchain for all to verify mathematically. Blackcoins distribution process is simply cold hard unbreakable logic that cannot be denied.
To attract bigger money to invest into this coin is going to be a problem going forward as word about the truth is spreading.
Hahaha mr_random you have always been a shill for BC. ON JUST ABOUT EVERY THREAD THERE IS LOL. you always seem to bring the distribution of the coins you bash into question, yet you always fail to realize just how poorly your beloved BC was distributed (99% of coins distributed in ONE WEEK of "celebrated" PoW! Most the multipools at the release were "invite only". Many people reported being unable to solo mine because of the huge diff jump right at the beginning. Just go read through pages 1-20 on the BC thread.), and that is why you see the games being played on the Mintpal buy/sell books everyday all day back and forth between big holders. You compare a 1 week PoW phase to the "proof of work mining process pioneered by Bitcoin"- what a fucking joke. "which cannot be gamed or cheated"- it got "gamed and cheated" by being only 1 week of PoW! 1. I am not a shill for anything. As we can all see from the meteoric price rise of Blackcoin, anyone who did their research and took into consideration my advice will have made themselves a small fortune. We are talking 1200% gains even for the latecomers that people like you said had missed the boat. I must be a funny shill if I've given great advice that would have made people a LOT of money if they followed it.  2. Lets make this simple. I would rather have a 1 week PoW proof of work distribution process than a 1 YEAR "hand out money to anyone" process. When comparing the two the time length is irrelevant. You have NO WAY of knowing that the developer hasn't gamed his own system and given himself an absurd amount of coins... which he can dump onto unsuspecting investors. Go ahead and try and prove me wrong - you can't. You can't "game" mining - if you could someone would "game" mining bitcoin and make themselves rich. If you want a lot of coins you have to have a lot of mining hashpower and that costs money. Compared to someone handing coins out and giving themselves coins for free? With no publicly verifiable ledger? Come on now. 3. Not only that, the price of Blackcoin remained low and super cheap for weeks. Faircoin immediately jumped straight up to a falsely pumped price. At least with Blackcoin, people could buy in cheaply if they missed out mining. 4. The crypto community never supports heavily pre-mined coins. 2 months from now this coin will be called a scam whenever it's mentioned. I've been here over a year and post here daily I know what I am talking about. I honestly think a lot of people here read my post/s last night and dumped afterwards. It was 3 quick posts in succession in the space of an hour but I think a lot of the information filled people in with the risks of this coin. Faircoin has been experiencing sustained dumping ever since it's first pump:  Why could that be? lolololol didn't get dumped as hard as your beloved BC. Did you see that one coming? I did, sold most my holdings above 70k. I bought half of my BC right at the bottom so yes I'm v sad I'm only up a few thousand percent on my original investment. |
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The main problem Faircoin suffers from is that the initial coin distribution process at the beginning wasn't actually fair. We all trusted the Faircoin developer not to game his own account creation system and award himself 50% of all the coins spread out over a thousand accounts.
Compare this to Blackcoin which distributed out the coins via the celebrated proof of work mining process pioneered by Bitcoin, which cannot be gamed or cheated, and most importantly is visible on the public blockchain for all to verify mathematically. Blackcoins distribution process is simply cold hard unbreakable logic that cannot be denied.
To attract bigger money to invest into this coin is going to be a problem going forward as word about the truth is spreading.
Hahaha mr_random you have always been a shill for BC. ON JUST ABOUT EVERY THREAD THERE IS LOL. you always seem to bring the distribution of the coins you bash into question, yet you always fail to realize just how poorly your beloved BC was distributed (99% of coins distributed in ONE WEEK of "celebrated" PoW! Most the multipools at the release were "invite only". Many people reported being unable to solo mine because of the huge diff jump right at the beginning. Just go read through pages 1-20 on the BC thread.), and that is why you see the games being played on the Mintpal buy/sell books everyday all day back and forth between big holders. You compare a 1 week PoW phase to the "proof of work mining process pioneered by Bitcoin"- what a fucking joke. "which cannot be gamed or cheated"- it got "gamed and cheated" by being only 1 week of PoW! 1. I am not a shill for anything. As we can all see from the meteoric price rise of Blackcoin, anyone who did their research and took into consideration my advice will have made themselves a small fortune. We are talking 1200% gains even for the latecomers that people like you said had missed the boat. I must be a funny shill if I've given great advice that would have made people a LOT of money if they followed it. 2. Lets make this simple. I would rather have a 1 week PoW proof of work distribution process than a 1 YEAR "hand out money to anyone" process. When comparing the two the time length is irrelevant. You have NO WAY of knowing that the developer hasn't gamed his own system and given himself an absurd amount of coins... which he can dump onto unsuspecting investors. Go ahead and try and prove me wrong - you can't. You can't "game" mining - if you could someone would "game" mining bitcoin and make themselves rich. If you want a lot of coins you have to have a lot of mining hashpower and that costs money. Compared to someone handing coins out and giving themselves coins for free? With no publicly verifiable ledger? Come on now. 3. Not only that, the price of Blackcoin remained low and super cheap for weeks. Faircoin immediately jumped straight up to a falsely pumped price. At least with Blackcoin, people could buy in cheaply if they missed out mining. 4. The crypto community never supports heavily pre-mined coins. 2 months from now this coin will be called a scam whenever it's mentioned. I've been here over a year and post here daily I know what I am talking about. I honestly think a lot of people here read my post/s last night and dumped afterwards. It was 3 quick posts in succession in the space of an hour but I think a lot of the information filled people in with the risks of this coin. Faircoin has been experiencing sustained dumping ever since it's first pump: Why could that be? |
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This exact pattern has happened so many times now.
This one reminds me of when Blackcoin got it's first epic pump, from 1200 to 4800. It almost brings a tear to my eye. Of course it went up too fast and popped back down to 1200 and then settled around 2000. Trading volume dropped from 1500 BTC to 200 BTC. But some people still believed. The dumps from the profit takers slowly lessened. Until it started rising. Gradual increases. 5% one day. 10% the next. But slowly and surely it rose all the way back up to 4800. And when 5000 was breached, the crowd went wild and like a coiled cobra the price sprung upwards violently to 9500.
And then there was another big dump.
Overall the trend is going to be upwards. Things to remember:
1. A LOT of people in crypto now know about Blackcoin. We've got some widespread exposure.
2. More than 10,000 BTC worth of Blackcoin was bought at double the current prices. I think that's 20% of all Blackcoin or more. Most of those people will have held. Thus when we next go up to 60k, the dumps next time around will be less. Belief will also be stronger. Every time Blackcoin has recovered from a dump like this it has always gone on to dizzying new heights.
3. Tons more people now own Blackcoin. This is good. The more people who have a stake in Blackcoin, the more powerful our voice becomes.
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The main problem Faircoin suffers from is that the initial coin distribution process at the beginning wasn't actually fair. We all trusted the Faircoin developer not to game his own account creation system and award himself 50% of all the coins spread out over a thousand accounts.
Compare this to Blackcoin which distributed out the coins via the celebrated proof of work mining process pioneered by Bitcoin, which cannot be gamed or cheated, and most importantly is visible on the public blockchain for all to verify mathematically. Blackcoins distribution process is simply cold hard unbreakable logic that cannot be denied.
To attract bigger money to invest into this coin is going to be a problem going forward as word about the truth is spreading.
Hahaha mr_random you have always been a shill for BC. ON JUST ABOUT EVERY THREAD THERE IS LOL. you always seem to bring the distribution of the coins you bash into question, yet you always fail to realize just how poorly your beloved BC was distributed (99% of coins distributed in ONE WEEK of "celebrated" PoW! Most the multipools at the release were "invite only". Many people reported being unable to solo mine because of the huge diff jump right at the beginning. Just go read through pages 1-20 on the BC thread.), and that is why you see the games being played on the Mintpal buy/sell books everyday all day back and forth between big holders. You compare a 1 week PoW phase to the "proof of work mining process pioneered by Bitcoin"- what a fucking joke. "which cannot be gamed or cheated"- it got "gamed and cheated" by being only 1 week of PoW! 1. I am not a shill for anything. As we can all see from the meteoric price rise of Blackcoin, anyone who did their research and took into consideration my advice will have made themselves a small fortune. We are talking 1200% gains even for the latecomers that people like you said had missed the boat. I must be a funny shill if I've given great advice that would have made people a LOT of money if they followed it. 2. Lets make this simple. I would rather have a 1 week PoW proof of work distribution process than a 1 YEAR "hand out money to anyone" process. When comparing the two the time length is irrelevant. You have NO WAY of knowing that the developer hasn't gamed his own system and given himself an absurd amount of coins... which he can dump onto unsuspecting investors. Go ahead and try and prove me wrong - you can't. You can't "game" mining - if you could someone would "game" mining bitcoin and make themselves rich. If you want a lot of coins you have to have a lot of mining hashpower and that costs money. Compared to someone handing coins out and giving themselves coins for free? With no publicly verifiable ledger? Come on now. 3. Not only that, the price of Blackcoin remained low and super cheap for weeks. Faircoin immediately jumped straight up to a falsely pumped price. At least with Blackcoin, people could buy in cheaply if they missed out mining. 4. The crypto community never supports heavily pre-mined coins. 2 months from now this coin will be called a scam whenever it's mentioned. I've been here over a year and post here daily I know what I am talking about. |
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I see the price equilibrium coming to rest somewhere between 60k and 100k. How long it stays there is anyone's guess. Could be a few hours, could be a week. But eventually the profit takers thin out and eventually they are gone and simple demand and supply brings the next pump.
Now is the time for accumulation.
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The main problem Faircoin suffers from is that the initial coin distribution process at the beginning wasn't actually fair. We all trusted the Faircoin developer not to game his own account creation system and award himself 50% of all the coins spread out over a thousand accounts.
Compare this to Blackcoin which distributed out the coins via the celebrated proof of work mining process pioneered by Bitcoin, which cannot be gamed or cheated, and most importantly is visible on the public blockchain for all to verify mathematically. Blackcoins distribution process is simply cold hard unbreakable logic that cannot be denied.
To attract bigger money to invest into this coin is going to be a problem going forward as word about the truth is spreading.
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You don't understand guys, whales are leaving the boat. There is no one in this community, just few big whales who controls the market.
Tonight we had an example of a dump made by whales. Everyone lost BC in few second. It's not a secure way to make money
and look on reddit, 500 subscribers ? You think it's normal ? We are not present !
500 vs 75000 on doge, which is the most secure and active community ?
Lol look at the average doge comment on reddit "much win so very moon". I swear half of them are bots. I would rather have 500 high quality subscribers. The real proof is in the trading volume. 10,000 BTC traded in a day says it all. There are a lot of people with an interest in Blackcoin. |
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Now is a great opportunity to buy.
I accumulated half of my coins from crashes and it's always proven to be very profitable. Re-sell 50% of them on the rebound, keep the rest.
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Project Accept BlackCoin.One of the things that make an altcoin important is merchant acceptance. To help with this we want to ask the community to do some footwork. Of course, this is BlackCoin and we will provide you with a prize if you succeed in converting a merchant to a BlackCoin merchant. The fund is 20,000 BC big, and it will be given out in the following fashion: 500 BC - If you convert a new Brick & Mortar shop to a CoinKite client that accepts BlackCoin 300 BC - For new ‘high value’ merchants that do not yet accept any Crypto 200 BC - For new merchants that either do not yet accept any Crypto or only accept BTC at the moment 50 BC - For new merchants that accept several sorts of Crypto’s already. These bounties are for the person that converts these merchants, not for the merchants themselves unless they themselves decide to add BlackCoin to their store. However, you can share your bounty with the merchant you add if you wish. Proof has to be provided in the form of e-mails etc. These can be printscreens shown to Soepkip in the ##blackcoin channel on IRC or in PM here on BTCTalk. * ‘high value’ means a high ranking in their field, a store that is popular within it’s product group.
* http://www.blackcoin.co/update-2/accepted-here-signs/ ← Signs for merchants.
* http://www.coinpayments.net is the currently the only payment processor for BlackCoin.
* http://www.coinkite.com will support BlackCoin come June 1st!
** ALL SUBMISSIONS ON APPROVAL BASIS **2800 of 20,000 has been used so far! * Changed numbers since the price went up so much since the start of this promotion. We work with no premine, so we want to use funds in a smart way, and it's now still a far better deal then when we started. Love this. It's great to get excited about the price but lets also support things which grow Blackcoin's merchant support!! |
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my btc dissapeared and are hanging now in "held for orders"!
This happened to me a few weeks ago (when they were smaller and got a spike of volume). After an hour I made a ticket but it fixed itself about a minute later. They are handling a phenomenal amount of volume very well so far for such a new exchange. Cryptsy pretty much shit itself and died the first time it got a volume spike last year. |
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Newcomers please dont worry. I have been here since 600 satoshis. Panic dumps of that size (percentage wise) have happened 5-6 times already. It's just someone taking profits and trying to scare the price down in the process. The worst one I saw is when Blackcoin dropped from 4500 to 1200 (small prices but trading volume was 1500BTC that day).
We are due for a consolidation period. Each time we establish a new floor and stablise eventually people stop taking profits and then the next pump begins. In the past this period has varied from a week to a few hours.
Iconicexpert and a few others have noticed the same pattern I am talking about.
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I wonder if btc-e is sitting up and taking notice.
11,000 BTC worth of blackcoin traded in the last 24 hours.
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Can we please make prominent these two key strengths of Blackcoin on the OP?
- 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
I see topics asking what are the strengths of Blackcoin and I rarely see those above mentioned, when they are pretty key.
GIANT FUCKING PLUS ONE. I should have posted something because I noticed the same thing. First time I read this thread all I saw was the one-minute block time information. There's a good chance I would have invested when I first read the thread, when the price was around 500 sats, if it was clear that PoS = 10s transactions.  Oh well. Still invested at a good time. I believe in Blackcoin for the future.  Thank you man. I only say this to boost support for the coin. The more people in the know about our strengths the better |
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Can we please make prominent these two key strengths of Blackcoin on the OP?
- 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
I see topics asking what are the strengths of Blackcoin and I rarely see those above mentioned, when they are pretty key.
NXT is a POS coin that has had these advantages for months, plus much, much more. Please come join us at http://nxtforum.org. Go away, we'd rather stay with the bitcoin toppler... NXT is based on 100% brand new source code + a completely different protocol. It has promise but it needs to stand the test of time - for years like Bitcoin did before it can be held in great confidence. Forks of Bitcoin whilst differing slightly don't have anywhere near as much potential for security issues. |
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- 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.
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Can we please make prominent these two key strengths of Blackcoin on the OP?
- 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
I see topics asking what are the strengths of Blackcoin and I rarely see those above mentioned, when they are pretty key.
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