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1141  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] BlackCoin (BC) | on exchanges | PoS | No premine on: April 06, 2014, 11:15:33 AM
...
Try that for once? You know your influencing the masses when posting these analyses. It may be good for you but not for the coin.

It would be irresponsible to put own name down and just say .. BC will be 20k and it doesn't matter what price you buy at.

But lets face it, 99.99% of folks in coins are there to make a profit, how many "great" coins are now worthless? I know I mined and sold a ton at a steep loss over last 3 months and lost 10BTC in the process. Why? I had ideals and belief in the coins I backed.

Right now? Not being silly and putting all eggs in one basket. Rule No 1: Don't get emotional. Have 6 staking wallets open .. if one falls, dump the crap and move on.

Now .. if BC pool was not being so terrible with payout this week, and given past performance and some inner circle rumours I heard about them (yeah ppl tell me stuff) .. I would still have 50K BC and buying more .. Hate to say it but since BC pool paid half the coins mined over 3 days, price is artificially high, since miners can't sell what they earned and are holding onto the loss.

Which coins may I ask?
1142  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] BlackCoin (BC) | on exchanges | PoS | No premine on: April 06, 2014, 09:49:09 AM
This is the part where fools by back in thinking they have got a good deal. Let the fireworks commence ;-)

We shall see. The 7500 support looks ok for now. Surprisingly aren't many ask walls up to 8200....
1143  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] BlackCoin (BC) | on exchanges | PoS | No premine on: April 06, 2014, 07:00:42 AM
That 'superbuy' sounds like a great idea lol. Think about it..

Anyone who hears about is, will want a piece of it. You could start taking a percentage off of the daily payouts and use that to do a superbuy (unannounced) every once a month.

Everyone in the coin before the superbuy will not want to sell. The coin can grow naturally untill the point of the superbuy. Price will spike, some will sell, but price will stay at a higher level, because if the superbuy has the desired effect, smart people would want to be in for the next one aswell.

If it doesn't have the desired effect (i.e. new hights), you still have had the hype around it and bought some time for marketingmachine 'IconicExpert' and other members of the community to come up with some new cool ideas.


I'd like to hear thoughts from miners aswell as the owners from multipool. Maybe i'm missing something.

Forget the superbuy. Why not just buy when the volume is low? That way BC will always be alive. Take the average volume in the last 30 days and if it ever drops below the average buy! We're known for our transaction volume so I always to keep that within the top 10. No super pumps but we'll keep the coin stable.

This is harder to manipulate too. You'll never be buying very much so no one will get the jump on you. Since they're always buying no one can anticipate it.
1144  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] BlackCoin (BC) | on exchanges | PoS | No premine on: April 06, 2014, 06:56:11 AM
Ok. We added a few test markets. We paired BC with the highest volume coins on our site right right now: SLR, KAR, NUT, DOT, METH, and STL. (And BC is paired with BTC, LTC and DOGE on those markets)

We'll see what happens. We'd add more but we have no/low volume on the other coins. If you see a value in it (lots of it is mined and traded for BC) send a support ticket and let me know. (On the site - not a PM here)

We also added a feature for all non-BTC pairings. If there is a Coin to BTC and a BTC to pairing_coin trade, it shows you the value. So, for example, last I looked a KAR sold for .000066 BTC, and a BC sold for .00009 BTC, so it tells you 1 KAR is worth 7.33 BC. 1 * .000066 / .00009 = 7.33.

Its just a guideline. But it helps knowing what a BC is worth in relation to other coins based on BTC trades.

Have fun. Don't break my site Wink

Cheers mate, nice work Smiley I'm not much of a trader so you won't probably see a lot of me, but i hope some of the more pro's will use your services. Anyone supporting BC at it's early stages, deserves to make some money on it on the way Smiley

Thanks allcrypt for all your help. I'll probably be supporting it in the future.
1145  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 06, 2014, 06:53:02 AM
You have to keep doubling and betting until you win.  It is mathematically proven at least to be a break even strategy as long as the odds are exactly 50/50 like flipping a coin or black and red on a roulette wheel... so long as there are NO betting limitations.  Your point is that a guy would run out of money sooner or later, but overall it is at least a break even strategy... and pretty unlikely that a guy or gal would lose more than 10 times in a row.

ALL bet distributions/"strategies" are mathematically "proven" to be break even under these conditions, because of the very nature of how multiplication and addition work in the first place.

Like you said betting limitations and the fact there's no 50/50 bet at Casinos. I think the closest is Craps with 100x odds and 2 deck Black Jack. There used to be a few Pai Gow tables that had no commission with huge match play coupons. That was a total blast until they ran out of business.  Embarrassed
1146  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] BlackCoin (BC) | on exchanges | PoS | No premine on: April 06, 2014, 04:31:19 AM
well even though I have been liking the walls, as to keep the price from rising to fast, I would like to have another 150k before it gets to expensive and buying a wall is the best way to do it without having to pay to much..

That's true. Well the wall at 8001 sure could use some help. It's taking a beating!  Cry
1147  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] BlackCoin (BC) | on exchanges | PoS | No premine on: April 06, 2014, 03:50:20 AM
just put 10 grand into cavirtex if that wall is still there on monday im gonna buy it

Pretty sure it will get pulled. Coincidentally huge buy wall 12 BTC at 8001 now! Cheesy
1148  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] BlackCoin (BC) | on exchanges | PoS | No premine on: April 06, 2014, 03:43:15 AM
This payout is from at least 12 hours back. You have not been paid for the past 24 hours, but the 24 hours BEFORE the run that started 12 hours ago. Adjust your expectations.


If you think your payouts are low:
- We switched pool / IP to new version -> Check your fail-over!
- The payout is from a while back due to Cryptsy failing
- Check the current profitablity from Wafflepool - We beat that.
- The price roose to 9500 and back to 8500. We buy all day long, might have been some high buys. (We try to prevent this as much as possible)
- Check your failovers, check your rigs, and check your WU. Don't expect your 3.5 MH/s rig to do 3.5 MH/s. It does 3.2 at best if you look at WU.

Also, check last days Wafflepool. We are still way better then that.

Blackcoin need a more aggressive campaign in multipool, we have to create a Blackhole week.

I think we should adopt this campaign immediately, but payment of miners would happen on a certain day of the week, eg. Friday.

Thus the multipool would be buying a 100-200 BTC, in one fell swoop, all in one day, it would provide an exponential increase in price, and benefit to all miners and also the holders.

The campaign could have freebies to whoever brings over 100Mhs Scrypt, etc. ..

I suggest we consider this possibility ....

I have 9Mhs Scrypt in Blackcoinpool, and would not mind getting my payment 1 time this week, if it were to benefit everyone.

Buying on an announced date in 1 swoop means the price will skyrocket before it. Then all the miners will be complaining again.

Anyways - Approaching 20 BTC Wall at 8300 sats - Start playing the Pacific Rim soundtrack.  Cheesy
1149  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] BlackCoin (BC) | on exchanges | PoS | No premine on: April 06, 2014, 03:26:57 AM
Might just turn that switch on. I've been asked by other coins, but NO other coin has a 650 page thread. That alone is proof of a massive adoption and community.

AllCrypt is young. Just 5 weeks old. Our daily volume hovers around 10-15 BTC lately. We are the sole sponsor of the CryptoCurrency Convention (www.cryptocurrencyconvention.com) in NYC on April 9th and will be there promoting the site to the attendees and the press.

Doing "what everyone else does because it is safe and is proven to work" has never made progress or advancements, ever. We pioneered coin voting. Now, everyone does it. EVERYONE has copied our model.

Maybe it's time to pioneer again.

Stay tuned. I might just do something crazy tonight.

I like where this is going!  Cheesy

I was about to type approaching huge wall at 8120 and 8200 but I guess pulled!  Wink

20 BTC Wall at 8300 now!
1150  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] BlackCoin (BC) | on exchanges | PoS | No premine on: April 06, 2014, 03:03:39 AM
Another 3BTC bought between 7900 and 7780 today - cheers lads!

I'm still holding at 8300  Undecided
1151  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] BlackCoin (BC) | on exchanges | PoS | No premine on: April 06, 2014, 12:39:29 AM
Whoever ate up the 10 BTC Wall at 8200 nicely done!  Grin
1152  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] BlackCoin (BC) | on exchanges | PoS | No premine on: April 05, 2014, 11:46:21 PM
Mintcoin just forked...

How and what exactly happened there? Cannot find any technical explanation in their thread.

Just had a hardfork to go to PoS only, nothing more. Will take some time for everyone to switch.
Don't start FUD.

Wasn't my intention Smiley So everything is as planned, good luck to them!

I was curious too. I don't post there to ask as they'd probably look at my history and think I was trolling. I didn't want to ask here because I didn't want to come across like I was spreading FUD. I do have some Mintcoin too (minimal amount now, but still) and didn't know what forking was (a quick google search helped), but I wanted to make sure I wasn't screwing myself since it's a new term to me, haha.

I thought Mintcoin forked a few days ago and this was just old news? Old news to some and new news for others.

Edit: 10 BTC Wall at 8200 sats. Anyone want take a bite out of it and arbitrage on cryptsy? haha
1153  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] BlackCoin (BC) | on exchanges | PoS | No premine on: April 05, 2014, 11:32:13 PM
BTC shot up from 450 to 460. That may have something to with BC's price recovery.
1154  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] BlackCoin (BC) | on exchanges | PoS | No premine on: April 05, 2014, 11:12:53 PM
All crypto markets are just too bearish now, all because of BTC, bad news from China (bannings) and USA (tax) and Mt.Gox shock is still in place. BC keeps relatively good price for the situation, but it's also not profitable at all unless you have good skills in daytradings and earn from flucturations.

100K BC Wall pulled from 8100 sat!  Grin

I bought some of it before it was pulled. Made me laugh.

Maybe. But if price goes up the whale still wins!  Undecided
1155  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] BlackCoin (BC) | on exchanges | PoS | No premine on: April 05, 2014, 11:02:49 PM
All crypto markets are just too bearish now, all because of BTC, bad news from China (bannings) and USA (tax) and Mt.Gox shock is still in place. BC keeps relatively good price for the situation, but it's also not profitable at all unless you have good skills in daytradings and earn from flucturations.

100K BC Wall pulled from 8100 sat!  Grin
1156  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] BlackCoin (BC) | on exchanges | PoS | No premine on: April 05, 2014, 10:45:39 PM
It seems like we are missing a lot of hashing power, compared to yesterday. Instead of passing 2GH because of Black Friday, now we are other way around down to 1gh. Sad, sad, sad... Sad

well yeah, I also stopped as many other did with mining on the pool as it is so unprofitable...

I would mine more, if that BTC tanking wouldnt make everything unprofitable. I hope the chinese soon finished fucking up Bitcoin.

Depends. If BC increases while BTC is tanking, then that's not a problem. I know that's tough to believe, but possible.

I bought low and sold high BC, Sold BTC for USD. Price of BTC went up so I ended up losing my profit.  Embarrassed
1157  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] BlackCoin (BC) | on exchanges | PoS | No premine on: April 05, 2014, 10:43:28 PM
It seems like we are missing a lot of hashing power, compared to yesterday. Instead of passing 2GH because of Black Friday, now we are other way around down to 1gh. Sad, sad, sad... Sad

well yeah, I also stopped as many other did with mining on the pool as it is so unprofitable...

Explain to me what is going on here. The mining pool with the 100K bonus is not profitable so a lot of people are quitting? As a result the price jumped?
1158  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] BlackCoin (BC) | on exchanges | PoS | No premine on: April 05, 2014, 10:35:24 PM
Whoa whoa! What's going? What did I miss? Why sudden buy up to 8000 MintPal?
1159  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] BlackCoin (BC) | on exchanges | PoS | No premine on: April 05, 2014, 10:31:37 PM
looks like some crazy sell walls, one with 60 btc. lame.

Yep whoever is behind the big dump is trying to crash the coin. There's a 60 btc sell wall, with 7 btc and 5 btc walls next to it. They are trying to buy up your coins for cheap!


Where? I don't see this anywhere.
1160  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] BlackCoin (BC) | on exchanges | PoS | No premine on: April 05, 2014, 08:45:57 PM
Finally a huge buy order of 13,000 BC.... it was looking very pitiful up to that point.  Undecided

the my miner stats page is up and running now

Where do I see this?
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