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1402
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] BlackCoin (BC) | on exchanges | PoS | No premine
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on: April 20, 2014, 01:31:31 PM
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i guess the 525btc guy from last week is trying to exit... once he is done we are likely to swing upwards again, if it dips to 20 id say the next high will be around 32...
edit: or its just a freaking large bear trap^^
yeah it's going down now. i think more new bc just entered the market. might have to reset to 30k to distribute it all. unless someone is sitting on mintpal with 3000btc.. this sucker is going down for sure. I don't think so. The 30k range has been tested heavily in the past few days. Wouldn't make sense for it suddenly break. |
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1404
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] BlackCoin (BC) | on exchanges | PoS | No premine
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on: April 20, 2014, 01:18:13 PM
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I took the initiative to buy enough WhiteCoins so if they end up becoming a "threat" I will dump enough cheap coins back onto the market that it will become another MintCoin.
Waste of money in my opinion, that coin is already dead. In my years of experience I never underestimate anyone. I have a true story I will share with you and this community.I know a developer who had the top YouTube to MP3/Video converter. This software was hot and on the top of all the download sites. He was making more money than he can count. I told him he needed to localize his app and expand ASAP. He didn't listen and another developer created a clone. It was basically the same app but with nearly a dozen supported languages and it was 100% free. I told my associate to acquire that app ASAP or it would eventually cut into his market share and destroy his profits. He didn't listen, and in less than a year his product is no longer in the top 10. you certainly got the marketing spiel down to a tee with the whole 'I have a true story I will share with you and this community' bolded. I bet you could sell me an eBook on cous-cous recipes given 10 minutes, beginning with Guys, let me share with you an unbelievable story about Cous-cous. but understand you need to promise to keep it between us and the secret about your friend in morocco and how he grew a multi-million dollar enteprise out of farming it, at the end I would be so flabbergasted in a trance and just hand you the money You're actually way off on this one. 1. Iconic expert has delivered the goods before for us with his press releases. The day after this first press release (which hit dozens of top sites), the price of Blackcoin went up enormously. 2. Iconic has shared some of his plans with me privately and I can confirm what is coming is massive. I assumed he was hyping things up. I was wrong. Don't bother pm-ing me about it as I am sworn to secrecy but I can tell you that anyone who is selling Blackcoin right now is going to feel very foolish in a few weeks from now. |
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1405
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] BlackCoin (BC) | on exchanges | PoS | No premine
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on: April 20, 2014, 01:14:36 PM
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Meanwhile..... It just gets better for those wanting to buy Blackcoin with cash. Bittylicious is giving you the opportunity to buy your Blackcoins for cash! www.bittylicious.comAs every day passes, Blackcoins presence in the real world gets ever bigger and ever more present! Keep up with us on twitter and Facebook, join the Blackcoin Forum, join the Reddit thread... BE involved! You're losing time... are you losing money too? Whoa that is awesome. But I can't see Blackcoin on the bittylicious site? Where is it?  |
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1406
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][AC]AsiaCoin - Full block reward arriving - PoS|No IPO|Zero Premine
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on: April 20, 2014, 12:41:44 PM
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If you want to read something that makes sense read below. The problem Asiacoin faces is that after the massive continued success of Blackcoin there is a flood of POS coins on the market.
FAC, COMM, WC, AC, others... and MINT and FLT.
All promising to be the "next blackcoin". The boat has gone. Within a week there will be half a dozen more clones flooded onto the market.
It's always the first coin that catches the communities imagination that wins and any copycats rarely manage to replicate a quarter of the same success. It wouldn't make sense if all those coins I listed broke into the top 10 coinmarketcaps. Most are premined with coins for the dev anyway, which is death sentence for long term growth.
You'll notice a pattern in this community, a new coin comes along that gets success and then a flood of clones try to cash in on it.
- We saw this with DOGE coin and coins trying to be memes
- We saw this with the IPO wave of coins
- Then we had a wave of "country" coins
- Now the new flavour of the month is 100% POS coins
I honestly think a lot of people are going to get burned if they don't do their research. Either, pick the market leader (for 100% pos it's blackcoin, for meme coins its doge etc) or wait until the next new thing comes along and invest in that. Problem is the next new thing is risky, so you have to be willing to slap your bitcoins down on a coin that is very different and could easily fail.
I thought blackcoin only had 2% proof of stake in first year and defo not 100% stake first year.... asiacoin is only continental coin out there, and is only 100% proof of stake ive seen with few exceptions... or am i wrong? you have very good points though thanks for sharing Blackcoin is 100% proof of stake (and about 5-6 clones have sprung up in the last week). The rate of interest is 1%. Low rate of interest is a good thing btw. Look at MINT with it's 20% rate of interest. If you woke up tomorrow and found your wallet had increased by 20% most people would cash some of that free money in for profit... I know I would. Which is downwards pressure on the price. "Asia" is just a name. By country coins I meant the coins like Aurura which "air dropped" all the coins to all the people in the country. Asiacoin isn't an air drop coin. I wish everyone here the best. |
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1407
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] BlackCoin (BC) | on exchanges | PoS | No premine
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on: April 20, 2014, 12:32:12 PM
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Cold Hard Facts
I was going to wait until tomorrow to post this, but I decided to post it now after catching up on pages of posts I missed.
Recently there have been some rumblings regarding WhiteCoin. I am not going to debate which coin is better, nor will I debate if WhiteCoin copied BlackCoin or not. In all honesty it doesn't matter if the WhiteCoin dev copied the source code line for line and just named it WhiteCoin. The point is there will be dozens of BlackCoin clones that are going to be released, so get use to it. This is why it is imperative to abandon the idea of slow and steady growth, and adopt a no prisoners mentality moving forward. The major advantage we as a community have over 99% of the other communities is our active dev team, active community, and partnerships with real corporations willing to do business with us. But we do not have an infinite amount of time. We must establish ourselves quickly and then defend the infrastructure we have established.
Moving forward we need more pools put online ASAP. These pools do not have to mine for profitability as the main pool, but to make sure coins like WhiteCoin are done before the get started. Mine & dump will make sure clones like WhiteCoin have a shelf life of two weeks max. Google is not the #1 search engine by singing kumbaya and playing footsie with their competition. Google is the #1 search engine because they eliminate any chance of any startup competing with them. Do not get comfortable with 9th place, we have to act as if we are in 100th place all the time. I took the initiative to buy enough WhiteCoins so if they end up becoming a "threat" I will dump enough cheap coins back onto the market that it will become another MintCoin. Do not feel sorry for any other community or coin. They would suck out all of the value out of BlackCoin if it would make them richer.
I have been contacted by several developers asking me to create a card for their coin, but I refuse because I made a promise to this community we will get to #1 together. This is the reason why I would not and will not release the source code publicly. All someone will do is just copy and paste the code, and then use our technology against us. If they want a card let them figure it out themselves. Note to all developers with competing coins, I am not going to make a card for your coin. It is nothing personal it is just business.
Today I am now willing to share some of the projects I am working on behind the scenes. One of my closest friends is the VP of one of the largest software publishing companies in Europe. His company acquired one of my products back in 2006. We are currently discussing being able to allow customers to purchase their products using BC. I am also working behind the scenes to try and use our other partnerships as leverage to establish a direct Fiat to BC and BC to Fiat exchange that is simple for anyone to use.
My plan is to use our resume of current partnerships to establish new more promising partnerships. This is what other communities do not have, and it is this that will allow us to become in the top 3 before by the end of Summer.
As I stated before the devs and I are planning something huge in May that will make the world take notice. This is not hype or me trying to "pump" the price, this is a promise I am making to this community. The two press releases we did will seem like amateur hour compared to our future plans. If you want to sell now and looking for a quick profit then go right ahead and sell. If you are on the sidelines waiting, then buy all of the BC you can now. Because in June everyone who sold will be posting "I should have listened to Iconic"...and everyone who bought will be posting "I am glad I listened to Iconic"....
You are the man Iconic. Btw just a few minutes ago I posted THIS in the asiacoin topic: "You'll notice a pattern in this community, a new coin comes along that gets success and then a flood of clones try to cash in on it. - We saw this with DOGE coin and coins trying to be memes - We saw this with the IPO wave of coins - Then we had a wave of "country" coins - Now the new flavour of the month is 100% POS coins I honestly think a lot of people are going to get burned if they don't do their research. Either, pick the market leader (for 100% pos it's blackcoin, for meme coins its doge etc) or wait until the next new thing comes along and invest in that. Problem is the next new thing is risky, so you have to be willing to slap your bitcoins down on a coin that is very different and could easily fail. Best case scenario is they make *some* profit but nowhere near the same as Blackcoin. Worse case scenario is all these coins get drowned out in the sea of new POS stakes and crash and burn after the initial hype. Since we've seen the worst case scenario play out three times already on the past few "coins of the month", I see the same happening again." |
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1409
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][AC]AsiaCoin - Full block reward arriving - PoS|No IPO|Zero Premine
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on: April 20, 2014, 12:25:24 PM
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It's always the first coin that catches the communities imagination that wins and any copycats rarely manage to replicate a quarter of the same success.
I think the success of BlackCoin proves that copycats can enjoy success? Was you around when these waves of coins were released? - We saw this with DOGE coin and coins trying to be memes - We saw this with the IPO wave of coins - Then we had a wave of "country" coins It's extremely obvious the same thing is now happening with 100% POS coins after the continued success of Blackcoin. Btw Asiacoin is one of the bext clones IMO. But I would still be extremely wary of investing. I've made a LOT out of blackcoin and could easily put 5% of my profits into one of these many clones but I see only the same thing happening as with the previous "waves" of copycats I list above. Best case scenario is they make *some* profit but nowhere near the same as Blackcoin. Worse case scenario is all these coins get drowned out in the sea of new POS stakes and crash and burn after the initial hype. Since we've seen the worst case scenario play out three times already on the past few "coins of the month", I see the same happening again. |
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1410
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][AC]AsiaCoin - Full block reward arriving - PoS|No IPO|Zero Premine
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on: April 20, 2014, 12:08:04 PM
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If you want to read something that makes sense read below. The problem Asiacoin faces is that after the massive continued success of Blackcoin there is a flood of POS coins on the market.
FAC, COMM, WC, AC, others... and MINT and FLT.
All promising to be the "next blackcoin". The boat has gone. Within a week there will be half a dozen more clones flooded onto the market.
It's always the first coin that catches the communities imagination that wins and any copycats rarely manage to replicate a quarter of the same success. It wouldn't make sense if all those coins I listed broke into the top 10 coinmarketcaps. Most are premined with coins for the dev anyway, which is death sentence for long term growth.
You'll notice a pattern in this community, a new coin comes along that gets success and then a flood of clones try to cash in on it.
- We saw this with DOGE coin and coins trying to be memes
- We saw this with the IPO wave of coins
- Then we had a wave of "country" coins
- Now the new flavour of the month is 100% POS coins
I honestly think a lot of people are going to get burned if they don't do their research. Either, pick the market leader (for 100% pos it's blackcoin, for meme coins its doge etc) or wait until the next new thing comes along and invest in that. Problem is the next new thing is risky, so you have to be willing to slap your bitcoins down on a coin that is very different and could easily fail.
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1411
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] BlackCoin (BC) | on exchanges | PoS | No premine
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on: April 20, 2014, 11:58:50 AM
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BC over 50k now. Bought more bc when it was 45k  I think it will go beyond 60k late this night! It can even retest 90k because people come back to BC and pump it. That's not what we want. 52-55k is good for today. We need to create floors and stability, remember what happened last time.. +1. This is what I said yesterday: Remember we are 15% up from yesterday. After a Blackcoin crash, the upswing is always more patient and comservative... 10% here, 20% there. The next mega epic pump will come when we break the 100k barrier. But quite frankly I am delighted to just continue plodding along making 10% gains. It skips the panic dumps that always happen if you go up too fast.That said I expect the pace to pick up once we break 60k... a lot of the people who panic dumped last time are still sitting on the sidelines watching I bet. When we go back up to that height they will rush back in and there will be some panic buying imo. |
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1413
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] BlackCoin (BC) | on exchanges | PoS | No premine
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on: April 20, 2014, 12:03:50 AM
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Couldn't agree more. The BC community is full of arrogance. I think it was the same during the heydays of MINT (and we still have some, but much less than before - stupid people leave when the money leaves and the one who stay are of a much more agreeable company). I guess money makes people crazy, they don't even respect each other (how many times did I read "full of shit, idiot, dumbass" and other nice name -and no, it was not directed at me).
Believe my experience from Mintcoin: the next days will be the harshest ones. Then your morale will rise again because you will find yourself a new goal. Look at the Kubler-Ross model on the five stages of grief. Blackcoin for now is somewhere between Denial and Bargaining. The next days will be Depression - that's the harsh part. Then I have a good news: the final stage of Acceptance will make you feel better. Some will move on to other things and the hardcore community will find itself a new goal.
Why do you insist on comparing BlackCoin to MintCoin? MintCoin is a slowly dying currency with a community that seems to focus on what the BC community is doing instead of trying to resuscitate MintCoin.+1. MINT is pre-mined rubbish and is lucky to pull 50 BTC trading volume on a good day. The price has barely moved for weeks. And it's been nowhere near BC's market cap. The irony is there was 5 times more people spreading FUD in the blackcoin topic then there were of people spreading FUD in the MINT coin topic. |
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1415
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] BlackCoin (BC) | on exchanges | PoS | No premine
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on: April 19, 2014, 10:56:20 PM
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Remember we are 15% up from yesterday.
After a Blackcoin crash, the upswing is always more patient and comservative... 10% here, 20% there. The next mega epic pump will come when we break the 100k barrier. But quite frankly I am delighted to just continue plodding along making 10% gains. It skips the panic dumps that always happen if you go up too fast.
That said I expect the pace to pick up once we break 60k... a lot of the people who panic dumped last time are still sitting on the sidelines watching I bet. When we go back up to that height they will rush back in and there will be some panic buying imo.
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1416
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] (WC) | WhiteCoin | Distribution Stage Begins TODAY! ☯ PoS ☯ exchanges ☯
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on: April 19, 2014, 10:52:25 PM
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- Whitecoin is technically almost identical to Blackcoin but with slightly different parameters. This makes Whitecoin appear as if it could achieve the same utility as a store of value.
- Whitecoin's obvious similarities to Blackcoin interest people, and thus there is anticipation of it matching Blackcoin which has driven a lot of the buying so far.
- This uncertainty means there may be speculation on whether Whitecoin can surpass Blackcoin's all time high. This speculation may create an even bigger bubble than Blackcoin.
- After the first Whitecoin bubble ends, the price will decrease significantly which will cause many Blackcoin holders to sell Blackcoin to buy cheap Whitecoins, which will contribute to a yoyo effect between both currencies.
- This yoyo effect could become self sustaining and fuel even higher levels of speculation until equilibrium is reached.
- Proof of Work hasn't ended yet, which is holding the price down.
- To match Blackcoin's market cap at 300 million total coins by Wednesday when PoW ends, then Whitecoin would be at .00011 but it is currently at .0000195. That means that once Proof of Work ends then Whitecoin should be at least 5 times more valuable than it is currently. Blackcoin could rise even more by then as well which will create the expectation that Whitecoin should go that much higher.
The problem I'm seeing on this thread is that people think BC became successful just because it was PoS and had a MultiPool .. this is wrong.. BC is successful because of it's community. WC has to build a community... Without that.. WC will be another FairCoin, MintCoin and any other PoS besides BC. Don't be fooled into thinking just copying a coins codebase means it will have the same success lol. This situation is no different than from when Aurura coin came out and then there were 20 different "country" coins trying to copy the success in the next 2 weeks. None of them did. Not a great example as country coins are flawed anyway (everyday person will just dump them for the free money). |
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1418
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] (WC) | WhiteCoin | Distribution Stage Begins TODAY! ☯ PoS ☯ exchanges ☯
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on: April 19, 2014, 09:47:02 PM
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I don't even know if I'm being trolled right now or not but I'll bite. Currently WC is just little over halfway through pow so say for simplicity sake it's half exactly. That would put us at double BCs coins which by the logic used here is half their price not 1/4. So currently with BC (at the time of posting this ) is averaging about 41k so you divide that by 2 and get 20.5k, with me so far? Problem is that BC market cap is 10x WC so you divide that 20.5k by 10 and you get 2050 which means by BC standards that people are using here WC is actually trading at about 5% higher than it's worth (at the time of posting again)
Or it just means that WC is 1000% too cheap. as it can hit the same marketcap then BC. BC was trading at 2000 too a few weeks ago, and look now. So, i will not be surprised if this happens with WC it all depends what the big players want to do with it. Except BC was the first coin to implement multipools, and provide innovations that everyone else is now copying, so it deserves a larger marketcap. Whitecoin hasn't done this and so you cannot justify similar marketcaps. You'd need to gain a support level equal to BC to get the numbers you're looking for, which is difficult because if you've seen the last pump, there are huge whales invest in BC, pumping it and putting in price floors. Eventually the price does come down, but remains much higher than before the pump because of the help of these huge whales. Better contact Wolong and get him to do a major pump on WC if you want to see price at 25% of BC's. Or you gotta figure out some sort of groundbreaking feature deserving of a higher marketcap. +1. The earliest coins get the most momentum. Hence why Litecoin has far more traction than it's clones. Same reason why Aurura coin has the biggest success out of all the "country" coins etc. People will switch from this to the next POS coin very quickly and then the next one. Everyone is after a quick buck. |
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1420
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] BlackCoin (BC) | on exchanges | PoS | No premine
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on: April 19, 2014, 07:36:04 PM
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You all sound like drunk on success. Stop discussing WC, it only shows your insecurity. I want BC to take a major hit just to see all of you calling other coins shitcoin etc. get flushed.
But Whitecoin is by definition a shitcoin. It's premined. I laugh at the poor noobs who buy into it not aware that premined coins never make it in this community. Why else has MINT struggled to go anywhere despite lots of marketing and other efforts. |
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