Once you go Blackcoin, you never go Bitcoin.  |
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Wow. This coin actually hit 61 satoshis before? Guess I'm either buying at the right time or I missed the party. :/
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24 hour trading volume - 12 BTC on Mintpal.
I'm surprised that this topic has so much activity yet no-one is buying.
Well, for starters, we've just experienced a high volume 2 week massive sell down. Now you say "no one is buying". More significantly "less people are selling". Funny how you dont mention that hmmm. By the way, it's only one exchange. We are on, how many exchanges again? Well that's the biggest one. Problem I think is everyone is holding for the 20%. I bought in some because I think Mintcoin has potential. But right now my biggest investment after BTC, is on Blackcoin. Mintcoin is more sexy though. I could see some huge environmentalist movement pushing to PoS altcoins for energy savings. I see it as the "hipster" altcoin. |
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[/s]opic=469640.msg5862957#msg5862957 date=1395610608]
fffuuuuu
i got out at 4k thinking it would crash again, wanting to buy in at like 3k...
this sucks.
go back and read how many people were hoping to buy back in lower, I feel sorry for all of them You got out at 4K? I was trying to get everything in at 3.7K. |
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After reading the FAQ let me get this straight, http://www.blackcoin.co/faq/My Wallet doesn't have to be open to generate stake. I'll make the same amount of interest as someone who has never opened their wallet. Keeping your wallet helps secure the network, but will not give me any extra interest. Is that correct? |
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Should I sell (and buy back more later) or hold??
Hold... I say sell some and buy back. Reason being I believe this is temporary pump then back to 4000. It would be silly not to when we are seeing 20% swings in 5 minute gaps. Just don't gamble your main stash but use clear cut chances to increase your stash! If we were all to adopt a strategy like this its more likely to weed out the pumper dumpers long term by taking their coins. Increase your stash. I'd buy more rather then selling. I'm been on the losing end way too many times when dealing with BTC to do that anymore. And it's really stressful. Anyone who's on this forum "knows" BC is undervalued. If NXT can hit $40 mil cap, I don't see why we can't given what BC can do. Remember hindsight is 20/20. Next time you try it might not fit the last pattern. Good luck. Im not condoning making a trade and sleeping on it but rather keep eyes glued to screen hehe. When price rises from 4500 to 6000 in the blink of an eye you can be sure itl come back to earth and fast like it keeps doing. "Keeps doing" is a term I'm very afraid of when it comes to this game. But luckily you were on MintPal, I hear other exchanges weren't as lucky to have a dumper. |
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Should I sell (and buy back more later) or hold??
Hold... I say sell some and buy back. Reason being I believe this is temporary pump then back to 4000. It would be silly not to when we are seeing 20% swings in 5 minute gaps. Just don't gamble your main stash but use clear cut chances to increase your stash! If we were all to adopt a strategy like this its more likely to weed out the pumper dumpers long term by taking their coins. Increase your stash. I'd buy more rather then selling. I'm been on the losing end way too many times when dealing with BTC to do that anymore. And it's really stressful. Anyone who's on this forum "knows" BC is undervalued. If NXT can hit $40 mil cap, I don't see why we can't given what BC can do. Remember hindsight is 20/20. Next time you try it might not fit the last pattern. Good luck. But if you believe this is BTC 2.0 or LTC 2.0 is that really worth risking? General philosophy now is to hold if there's no news. Evaluate the bad news and decide whether to sell. |
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I wish exchanges would universally adopt limitations on the minimum sat you can sell a coin below current market price. Example: If a coin is currently selling at 0.00005900, the lowest one can sell their coin is 0.00005899. And for someone to sell at 0.00005898, a coin first has to sell at 0.00005899. Also a minimum low price hold would also combat random dumping. Example: If a coin is currently selling at 0.00005900, then it has to stay at that lowest price for x amount of seconds or even minutes before it can be sold lower. Of course it can sell higher, but by putting a hold on the lowest price it will slow down the rate of dumps.
Dumps are good for a strong coin like blackcoin, we need more people in blackcoin, if people want out let them out. Look it sucks to be on the losing side of a dump. That's just how the market goes. Unless someone gets hacked, I don't see the problem. I've used dump button before too right after some terrible news or when I felt the market was going up too quickly. But never when there's such massive slippage like this. But to each their own. I can't say one way is better then the other. Questionable, yes, but who knows. |
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That dump saved me at least 6 hours of trying not to move the market with little buys. Thanks! Now I can enjoy my Sunday. |
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Massive dump. Hit my goals now! Thanks! Edit: Yes!!!! Keepd umping LOL |
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I knew I shouldn't have stopped buying yesterday and gone to sleep!  I was buying today but ended up 1% short of my goal.  |
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2.5 million. Why's it going up so fast?
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Can someone explain the interest rates?
So a Mintcoin generates 20% the first year. Then if it's traded to a different client, it will only generate 20% depending on how much time is left in its first year? After 4 years, all Mintcoins from the first 5 weeks will generate only 5%? But there are people still mining at 1 Mintcoin / block continuously?
The PoS minting generates blocks that are mined by wallets and small amount of PoW that is still occurring (i assume), keeping the network up. Yes, but I'm trying to figure out coin life. Does a Mintcoin life reset back to 20% when traded to other people. If not, then does the client keep track of which coins are at a higher interest rate so it knows which ones to trade.  For a year after Mint was released, the interest rate is such that if you were to keep all your mints in your wallet without moving them for the entire year, you'd make 20%. Any 20 day PoS minting that occurs will be around 1.3-1.5% (whatever it factors out to, I forget), and after the first year any PoS minting will be towards the decreased percent. The percent increase from PoS you receive is not about how long you've been minting, it's about how many years Mintcoin has been around. Sorry. I'm not following the terminology. When you say "Mint", you mean Mintcoin in general? Basically if I hold Mintcoins in my wallet for 1 year I make 20% and doesn't matter the coin age? And if I get more Mintcoins later will the system keep track which Mintcoins are newser so I send out lower interest rate coins? Can you explain 20 day PoS minting. I thought I read it in the FAQ, but not sure where you get 1.3-1.5%. |
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Can someone explain the interest rates?
So a Mintcoin generates 20% the first year. Then if it's traded to a different client, it will only generate 20% depending on how much time is left in its first year? After 4 years, all Mintcoins from the first 5 weeks will generate only 5%? But there are people still mining at 1 Mintcoin / block continuously?
The PoS minting generates blocks that are mined by wallets and small amount of PoW that is still occurring (i assume), keeping the network up. Yes, but I'm trying to figure out coin life. Does a Mintcoin life reset back to 20% when traded to other people. If not, then does the client keep track of which coins are at a higher interest rate so it knows which ones to trade. |
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what's happening dear adam ? why is this going down ? i have no idea i only know why it goes up going down makes no sense! Yea this confuses me too. Any bad news recently? I thought the only major thing was Mtgox finding 200K BTC. That's considered bad news? :/ |
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Can someone explain the interest rates?
So a Mintcoin generates 20% the first year. Then if it's traded to a different client, it will only generate 20% depending on how much time is left in its first year? After 4 years, all Mintcoins from the first 5 weeks will generate only 5%? But there are people still mining at 1 Mintcoin / block continuously?
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Can someone explain how the 1% interest works? Do I have to keep my client open every 8 hours or continuously for highest chance?
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Check out ECC and MINT. BC is a conspiracy so maybe buy in after the dump.
What's BC conspiracy? Also can someone explain how the every 8 hours compound interest work? Does my BC client have to be on once every 8 hours? Or continuously? |
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Sorry. I skimmed info. What day did mining end?
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Thanks for the advice everyone.  |
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