Woohoo! I managed to get 100 BC buy day-trading! I know this is not a lot but this is the first time I succeed.
I feel bad for those I "stole" BC from, but on the other hand, they know the risk of day-trading (plus, I still lost 900 from day-trading).
quote author=ssaCEO link=topic=469640.msg5903163#msg5903163 date=1395795950]So far from saying that this two-day lull means BC's going to go up in value, what I'm saying is that it's a positive sign to see it stay where it is for awhile. Because that makes it easier for other people to adopt.[/quote]Once again a great post. I particularly like this sentence.
Now going to sleep. For real (thanks jamieb81).
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No one is saying not to be cautious but a market gaining 4% after the day we had today is simply astonishing. Alright. I will move my newly-acquired BC to wallet (well, the ones I did not lost stupidly in day-trading) to my wallet for stacking and I will go to sleep. Bonne nuit !
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I think this kind of regrouping and settling is really good to see. Nothing is a constant upward march every day of the year. More stability breeds more confidence, which brings more merchants, which breeds more confidence. Looks like confirmation bias to me. Nothing personal (actually, the fact that the post is from you makes me give it more credit), but I've seen the damages of confirmation bias before. Once bitten, twice shy, as they say. It's quite surprising that the price didn't take a much larger hit on the order of 50-70% given what happened today. Not that it matters if you're holding for the long term and believe in the basic principles behind the coin. But I think 1-2 days of relative price stability is a fantastically good signal from the market, not the other way around. I'll take you word. I am not convinced but you seem to have a much better understanding of markets than me, so I will follow you despite my concern over possible confirmation bias.
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Any idea why the price of BC is not going higher for two one full day now? Do you think it is only because of the BC stolen at cryptorush or something more? It seems to me that stalling started before the news of stolen BC emerged, which would mean this is inrelated... and so that the price might very well not go higher.
Your idea?
(edit: page 500)
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Happy Birthday David Thanks moderdezigns. Fun this is, we were two friends to be born on 25th of March at the restaurant. Funny situation when we congratulate each other ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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i think it is multipool ready and project F incoming! Yep, I've got some conversation with dev recently. BTW, sorry for my multi-days leave, I had my birthday to celebrate and an important bitcoin presentation to a bank to set up. I hope to be back on saddle soon.
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Is it possible to predict how "rollercoasters" like this one work?
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So,the ideal thing to do is stack these coins to the sky and leave them there without touching them for a year? Also,is the staking done at once a year or is it a continuous process throughout? If continuous,what's the time interval for which they get staked? 1. yes 2. every 8 hours on average. Your wallet will give you the accurate countdown.
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Smarter hackers would stake those coins after a thorough cleaning. I don't understand why people are keeping PoS coin on an exchange. Are all of them day-traders, lazy or just ignorant of what PoS means?
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Gradual buy explained(short link: http://bit.ly/gradual-buy-sell-bc) I just turned 38 today (technically, in 9 hours). BC si a nice Birthday gift ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) I am using IconicExpert's method of slow buying atm. I invest 0.01 BTC at a time. I lose money in the short term but it will help blackcoin in the long term. Do like me. IconicExpert or others, please restate your method, it is too painful for me to do it on a smartphone. Would you mind explaining what this method is ? Now that I have a computer again, yes ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Say you have 1 BTC. Instead of putting a buy order at market price (or lower), place, say, ten 0.1 BTC orders either at market price. An improvement if you use a platform the allows conditionnal orders (like stop orders at https://cryptrader.com/ - beware, it won't work with Mintpal because Mintpal has not published its API yet): place your ten 0.1 BTC order not at market price but at slightly above market price instead. For instance, if BC is at 8800 Buy order of 0.1 BTC at 8820, 8840, 8860... and the tenth one at 8900. Granted, you lose two times in the short term: the first time because you buy at market price instead of taking advantage of an occasional drop (e.g. buy orders at 7500) and a second because instead of buying all at once at market price, you actually buy at a more expensive price! This would appears as masochistic to a short-terme trader. But if you're in for the long run, you actually send a signal to everyone: "prices are constantly raising, be confident, no pump and dump, no scam, put your money in everyone". As IconicExpert said, if people used gradual buy, the price would not be a 8000 now, it would at 9000 or even higher. Your short term losses are more than compensated then. I call this gradual buy. The reverse is true too (and this was the topic of the original IconicExpert's post): if you want to cash in without hampering the price of BC, don't sell at "lowest sell price minus 1 satoshi". Sure, you won't instant sell you will have to wait... some seconds to some minutes. I you cannot wait some more seconds, I think you have some serious questions to ask about yourself. There is two conditions for gradual buying to succeed: 1. To be patient (wait some minutes). Having a stop order-compatible platform helps 2. To have a lot of people do it (that's the tough part) I hope it is clear for you now. If you wan't more money, use gradual buying.
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This is it. I just finished investing my monthly amount of money (100 euros) in blackcoins, I am 2000 BC richer. I did it with the "gradual buy" method as explained earlier. Muy highest buy for now is 8234.
If you plan to buy at cheaper prices: do NOT place buy orders at less than 8000. This is an important psychological barrier. I would even say do not buy at less than 8010, because some people will always try to sell cheaper than you and then break the 8000 barrier.
I did my part, continue doing jours!
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I just turned 38 today (technically, in 9 hours). BC si a nice Birthday gift ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) I am using IconicExpert's method of slow buying atm. I invest 0.01 BTC at a time. I lose money in the short term but it will help blackcoin in the long term. Do like me. IconicExpert or others, please restate your method, it is too painful for me to do it on a smartphone.
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It is still gaining slowly. There is a second mining pool starting testing, if we get a few more we could have a diverse multipool system that would be hard to stop.
Good. Diversity matters.
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So why is the price going up now? Multipool is still down. Your theory is wrong. I have a very limited internet access atm because of a crappy ISP. If this still holds true at the time of writing, then I feel relieved.
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The reason Cryptsy kill most coins is that they are crap to begin with, just waiting to get on cryptsy for the big dump. Interesting point of view. Not that I agree (or disagree), but interesting nonetheless.
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BTW, what is the timezone of the multipool developpers? The would give some insight on how long it will remain broken. Broken? It's even finished being built yet! How about giving the development a chance. It's like asking the Wright Bros. after they just landed on the sand dune how come there are not commercial flights yet........... By broken, I meant it worked for two days and now it doesn't not. And no one answered my question about timezone. David, the good thing is that we became billionaires with MINT so far, so we can afford to lose some money over BC the gained only 44% today. Dont judge someone by his signature. Would being soccer fan mean you hate rugby?
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it's a blackhole for the other alts I'm used to talk about altcoin as an ecosystem. This is part of what I wrote to rat4 earlier: I see altcoins as a Darwinian process, most failing, some introducing a useful feature, some becoming predators or maybe one day apex predators (like blackcoins), feeding on smaller preys (like scamcoins/shitcoins/failcoins)... When you talk about blackhole, I see a parallel with predation. Is blackcoin a predator (remember, predation is just a brutal way to get energy, by stealing energy from other life forms instead of getting from the sun or from eating plants)? I believe it already is. We ma draw a partial parallel with life's trophic level On the first trophic level (plants and algae in carbon life) are PoW coin (PoW = photosynthesis;value given by people = sun) On the second trophic level, we have multipool (whichever coin they are feeding) Blackcoin was on the first trophic level during its PoW stage. Then for a while, it stayed that way without any way to "eat" (no more PoW/photosynthesis, only expectation people would buy it). It would have cause its death (like what may be happening to poor mintcoin) if it wasn't for the multipool. Now, if the multipool becomes a huge success (if what happend this week end continue), they blackcoin could become an apex predator, feeding on everything. Zoology taught us that apex predators are dangerous for everyone (obviously) including themselves! They become so well adapted to their ecosystem (read: invincible) that they start to exhaust it - they run out of food. So my point is: if the multipool succeeds, blackcoin may become an apex predator and exhaust its supply (or its supply may adapt to become invulnerable, like poisonous animals did) and die. Granted, we have time until this happens. But this is very possible. Enough for the zoology lesson. For now, keep you blackcoin and enjoy the ride. We should have at least two months before coins adapt (if the multipool developper keep their promise of making bc multipool better than other multipools).
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Without hype no coin can survive. Bitcoin wouldn't be worth $580.00+ without hype. Dogecoin wouldn't be where it is without hype. Yes you need all of the above as well, but without hype no one knows it exists. It goes hand in hand. Also, not everyone is here for the same reason. I will support the community as much as I can to see the coin succeed, but lets be realistic here. We ARE ALL here to make money. https://en.wikipedia.org/wiki/Hype_cycle My reading grid for all technological innovation (or non technological innovation too?). There is a reason why "hype" is in the name. (this is neither a confirmation or an infirmation of your post-just a side note)
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Stop trying to tout it as a casino. Coming from a casino owner, this is amusing ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) . But this is just tongue-in-cheek, I agree with you (although I expected the inspirator of blackcoin, mintcoin, to be such a pretendant).
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We have a blueprint from what has been successful with other crypto currencies. Could you share this list?
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