This coin sure looks like a pump and dump
And then the miners suck up all the coins automatically from btc or other altcoins and then continues higher. Where is the dump exactly? |
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Sorry, anything that rises over 30% in a day is artificial and not stable.
Hmmm, not so sure. I real life yes, but crypto is still unexplored territory. We now witness the birth of a new market. Maybe if the market cap is under 10 million, anything below that can be subject to massive swings. |
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Market was expecting another 2 days before the multipool went live, its early, so this might be lowest point in the market going forward.
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Updated, thanks for the research Blade
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i think this is going somewhere
BC will be top 5 volume for the 2nd time in 5 days.... not even top 20 market cap. It's going to equalize |
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panic buying
Yes, it would make things easier if people bought in a more relaxed way, this has been heating up for hours. not really panic, just low amount of coins are being sold. even 20 btc is a medium amount to trade in a 400 + BTC volume market. Panic would be 100+ in less then 20 minutes imo |
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you invest and do not know how to play?
This wall is not one investor, only the whole mass of the people who bought BC and then what?
on the BID now play on the growth of teeth is a wall to eat
What happens when there are so many sellers and not enough buyers? Look at LEAF 400 BTC to ASK and almost nothing on the BID what happened to the price?
This wall is a pumping group playing, all sellers are not stupid enough to put their big sell orders at the same price without knowing this will drive down it and they'll never sell. 0.4 pushes the market and people naive Sell walls as well as buywalls can be deceptive. In the case of a buywall, it can be a big player trying to encourage the market upward into an ambush. Bull-trap in other words. In an instant he can pull out out his buy orders and dump on everyone else who got overconfident. The inverse also works, trying to intimidate the market with a scary sell wall. You just have to watch and be alert, and not assume anything is quite as it seems. Buy/sell walls can also reflect factual supply/demand conditions, it's not always manipulation. Just take everything into account and develop instincts for this over time. any medium player want 300k coins to join the top 50? sitting right there |
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Do the people trading not know there are only a few BTC inflating the price 33% right now? lol Perhaps black coin will just ignore pump and stay at 3,000 for a chance  300 btc volume is a "few"? you can't think a price is not stable on ask/buy alone, there is a lot of eyes on blackcoin |
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Can we have any chance to buy some BC ?  Missed the train. You didn't miss anything. The price is still ridiculously low considering the long-term potential. How does no one have that name yet ? |
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I believe BC has a chance. I think they fucked up BIG TIME by putting out the beta multipool. That was a unique idea that they should have done everything they could to perfect during a private beta. Now, other coins have multipools up doing the same thing as blackcoin while the blackcoin pool is down to finish development. Is MintCoin's multipool in beta or perm?
Either way, BlackCoin shot itself in the foot and now has to hobble along hoping it heals right.
The mintcoin pool is a joke at 50 mh. The blackcoin pool will be over 7.5gh (expecting closer to 20 gh within a week) not including all the other algorithms. 1 week turnaround from beta to live seems pretty reasonable. I don't disagree that the turn around from beta to live is reasonable, and I'll admit I have not looked in to MintCoin's multipool - my point is that you want to get dedicated miners in early so they don't hop on another coin. If they can return to what the previously had in beta and exceed that to what you're predicting, I'll be stoked as that means I was right about BC's future... my fear is that a week off, with other devs now stealing the idea, could harm it. Time will tell and I hope I'm wrong. Also, I mined it for 36-48 hours and only got 300bc at 2440khs.. was kind of disappointed but expected as much from a beta. I totally agree with you. I also mined on the pool at got around 500 coins for 24 hours with 7 mh... I normally get around 2000/day. But keep in mind I was normally mining around the price of 500-2000, not the 3000+ it was during the weekend and it was mining a shitty coin. The beta was just to test the load of the servers, the actual payouts were rather lackluster. It will be completely automated with low fees once it goes live. |
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I believe BC has a chance. I think they fucked up BIG TIME by putting out the beta multipool. That was a unique idea that they should have done everything they could to perfect during a private beta. Now, other coins have multipools up doing the same thing as blackcoin while the blackcoin pool is down to finish development. Is MintCoin's multipool in beta or perm?
Either way, BlackCoin shot itself in the foot and now has to hobble along hoping it heals right.
The mintcoin pool is a joke at 50 mh. The blackcoin pool will be over 7.5gh (expecting closer to 20 gh within a week) not including all the other algorithms. 1 week turnaround from beta to live seems pretty reasonable. |
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Lets be honest, the only thing anyone really cares about is value. Do you get value out of your coin/currency? >> Bitcoin <<The first cryptocurrancy but it has certain drawbacks that many many alts have tried to fill. Its slow Blockchain is huge not truly anonymous About 5% ( actually 11%) inflation right now with mining >> your coins worth less overtime Few large holders of coins Massive mining farms can control the price as they can dump or withhold supply as desired. But it obviously has value. Most alts have tried to play into the hype that is Bitcoin and Litecoin and varying degrees of success, the last one being Doge. I'm not going into the pump and dump premine coins that are Auroacoin or Spaincoin or whatever flavor it is today. Enter >> Blackcoin <<
I definitely think everyone needs to take a second look at Blackcoin as it solves the biggest problems bitcoin has. Blackcoin has: - 1% max inflation annually, new coins are only created by PoS.
- First ever PoS coin to have solved the forking issue (almost 30 days old and no fork)
- No one person controls more then 2% of the coins
- First ever Altcoin multipool that will mine everything else and give you Blackcoins bought from the market (live this weekend March 21-22)
- Less then 75 million coins
- Fast (less important but its a plus)
- NO PREMINE or IPO
Blackcoin is not for anyone in particular. It doesn't have an agenda like the gimmicky specialty coins. It is only designed to create valuable blackcoins. How does Blackcoin accomplish this?- No additional supply being dumped daily on the market, currently there is less then .2(Actually .06) BTC being created daily. For contrast, 500+ BTC is needed to sustain the DOGE price... per day.
- No large holders manipulating the market.
- MultiPool that constantly converts alts and even BTC directly into BC value at a calculable rate. Currently tested at 7.5 GH scyrpt and 1.5 TH on SHA256 during the beta on March 14th-16th
The Bottom LineThis is a feedback system without a blowoff valve(aka inflation). I honestly don't know what blackcoin will do at higher market-caps, but I can say it could reach pretty massive heights. I wanted to make this as even people that are trading blackcoin right now don't truly understand what its capable of. TLDR : Blackcoin will retain whatever value you put into it and grow over time. www.Blackcoin.cohttps://www.mintpal.com/market/BC/BTChttps://bitcointalk.org/index.php?topic=469640
EDITED to included corrected inflation numbers |
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25 BTC wall at 5000, this will probably be the top, but not sure.
25 btc is not much compared to the volume that goes through BC. |
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i don't trust this price right now  Nope.. I'm just sitting back. I'm not buying or selling. I'll let the players play their game alone. seems smart... but only if it drops before the pool launches |
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Who be pumping bc?
investors adding slowly? over 25 btc volume in the last 30 mins |
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while cryptsy is not my favorite exchange, I think it will create more buyers then sellers.
It will also spread out the base of Blackcoin.
Overall I think it would be a net positive gain.
However, I also think there is little reason to rush to cryptsy.
They can add it whenever they feel like it. and I am sure not donating any BTC to them.
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where do those coins come from ?
from the market at market price. |
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Hey I have a question... I posted this on the BC reddit.. but there's not much activity on there.
Would it be overkill to have more than one BC multipool? I kinda want stake holders to have a choice of which pool they want to use. I have a pool setup with coin switching and auto payout.. but I didn't want to launch it if the community felt more than one multipool was too much.
Any thoughts on this?
I think it's great! We have multiple BTC multipools now. Why shouldn't we have multiple BC multipools too? Some pros as far as I can see: 1) I guess you might have another strategy which coin to mine so we could have a competition here and it would lead to more profit for everyone! 2) It's always nice to have a choice (UI, server locations and so on) 3) Diversification is also a huge advantage I think. So in case one pool would have problems another one can "catch falling flag" and keep pushing BC up! I don't know how everyone else feels, but for me one of the principle gains we made over the weekend through the multipool beta was the strengthening of the community. It had a powerful unifying effect, and that is hugely important. While I think it would be nice to have a failover option, for the time being I think the singular 'official' multipool is the way to go, for the unifying force it generates. Just my two cents. Spot on mate. I sold off my stash of MINT today and went all in on BC at 2100 - looking like a much better coin to be honest. The low has been tested, positive upward trend forming, stable and supportive community. This thing is just gonna explode when more and more people sell off their MINT, DOGE, other coins that are generally not going anywhere by down for the forseeable future. mint seems to be steadily dropping as BC is steadily rising . |
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What you think about development bounty ?
(I think something like that is crucial to BC rise in Value and utility.)
(price is something that can go up and down anytime but once you invent something it cannot be discarded )
It could works in two ways:
( if you have better ideas lets improve it )
1st way "Community request":
Features to vote feel free to add new ideas Eg:
- Eg. Chatbox/trollbox in client no thank you
- Mint-pal course show in client no thank you
- Block browser in client doesn't really seem useful
- New graphic engine in client could be neat
- Some of those things can be done by other programmers but approved by r4t eg. if we want it add to main client
- Some clients like with Bitcoin don't have to be straight copy of main client they can live on their own. awesome
- In early stages we can make only few projects at once later we can develop more with rising community we will be able to develop more and more.
2nd way Developer request (can be parallel always to 1):
- R4t or other programmer offer us doing something but he request sum in BC for doing that. usefull !! please add
- Devs / programmers know cost of running something eg. cost of VPS rental service not everything can be done for free
- Let be honest developing something took time some programmers are enthusiasts some of them are just workers for hire
- Again we can Vote and then try get $BC for improvement in final we get it
- Soepkip/R4t is holding founds it and pay dev/programer when job is done and works.
I like that BC is still being developed but I think the biggest thing is not to mess with the client too much. I think most things should be added outside of the client, such as an android client or a better UI, more features for the existing blockchain explorer. |
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It's funny just few people with few btc each can up the price by hundreds of satoshi. If we'd just stop over-bidding each other we could let it drop to ~1900 and enter there.
I don't consider anything under 10k over bidding  |
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