This exact pattern has happened so many times now.

This one reminds me of when Blackcoin got it's first epic pump, from 1200 to 4800. It almost brings a tear to my eye. Of course it went up too fast and popped back down to 1200 and then settled around 2000. Trading volume dropped from 1500 BTC to 200 BTC. But some people still believed. The dumps from the profit takers slowly lessened. Until it started rising. Gradual increases. 5% one day. 10% the next. But slowly and surely it rose all the way back up to 4800. And when 5000 was breached, the crowd went wild and like a coiled cobra the price sprung upwards violently to 9500.

And then there was another big dump.

Overall the trend is going to be upwards. Things to remember:

1. A LOT of people in crypto now know about Blackcoin. We've got some widespread exposure.

2. More than 10,000 BTC worth of Blackcoin was bought at double the current prices. I think that's 20% of all Blackcoin or more. Most of those people will have held. Thus when we next go up to 60k, the dumps next time around will be less. Belief will also be stronger. Every time Blackcoin has recovered from a dump like this it has always gone on to dizzying new heights.

3. Tons more people now own Blackcoin. This is good. The more people who have a stake in Blackcoin, the more powerful our voice becomes.

1. I am not a shill for anything. As we can all see from the meteoric price rise of Blackcoin, anyone who did their research and took into consideration my advice will have made themselves a small fortune. We are talking 1200% gains even for the latecomers that people like you said had missed the boat. I must be a funny shill if I've given great advice that would have made people a LOT of money if they followed it.  

2. Lets make this simple. I would rather have a 1 week PoW proof of work distribution process than a 1 YEAR "hand out money to anyone" process. When comparing the two the time length is irrelevant. You have NO WAY of knowing that the developer hasn't gamed his own system and given himself an absurd amount of coins... which he can dump onto unsuspecting investors. Go ahead and try and prove me wrong - you can't. You can't "game" mining -  if you could someone would "game" mining bitcoin and make themselves rich. If you want a lot of coins you have to have a lot of mining hashpower and that costs money. Compared to someone handing coins out and giving themselves coins for free? With no publicly verifiable ledger? Come on now.

3. Not only that, the price of Blackcoin remained low and super cheap for weeks. Faircoin immediately jumped straight up to a falsely pumped price. At least with Blackcoin, people could buy in cheaply if they missed out mining.

4. The crypto community never supports heavily pre-mined coins. 2 months from now this coin will be called a scam whenever it's mentioned. I've been here over a year and post here daily I know what I am talking about.

I see the price equilibrium coming to rest somewhere between 60k and 100k. How long it stays there is anyone's guess. Could be a few hours, could be a week. But eventually the profit takers thin out and eventually they are gone and simple demand and supply brings the next pump.

Now is the time for accumulation.

The main problem Faircoin suffers from is that the initial coin distribution process at the beginning wasn't actually fair. We all trusted the Faircoin developer not to game his own account creation system and award himself 50% of all the coins spread out over a thousand accounts.

Compare this to Blackcoin which distributed out the coins via the celebrated proof of work mining process pioneered by Bitcoin, which cannot be gamed or cheated, and most importantly is visible on the public blockchain for all to verify mathematically. Blackcoins distribution process is simply cold hard unbreakable logic that cannot be denied.

To attract bigger money to invest into this coin is going to be a problem going forward as word about the truth is spreading.

Lol look at the average doge comment on reddit "much win so very moon". I swear half of them are bots.

I would rather have 500 high quality subscribers.

The real proof is in the trading volume. 10,000 BTC traded in a day says it all. There are a lot of people with an interest in Blackcoin.

Now is a great opportunity to buy.

I accumulated half of my coins from crashes and it's always proven to be very profitable. Re-sell 50% of them on the rebound, keep the rest.

Love this.

It's great to get excited about the price but lets also support things which grow Blackcoin's merchant support!!  

This happened to me a few weeks ago (when they were smaller and got a spike of volume).

After an hour I made a ticket but it fixed itself about a minute later.

They are handling a phenomenal amount of volume very well so far for such a new exchange. Cryptsy pretty much shit itself and died the first time it got a volume spike last year.

Newcomers please dont worry. I have been here since 600 satoshis. Panic dumps of that size (percentage wise) have happened 5-6 times already. It's just someone taking profits and trying to scare the price down in the process. The worst one I saw is when Blackcoin dropped from 4500 to 1200 (small prices but trading volume was 1500BTC that day).

We are due for a consolidation period. Each time we establish a new floor and stablise eventually people stop taking profits and then the next pump begins. In the past this period has varied from a week to a few hours.

Iconicexpert and a few others have noticed the same pattern I am talking about.

I wonder if btc-e is sitting up and taking notice.

11,000 BTC worth of blackcoin traded in the last 24 hours.

Thank you man. I only say this to boost support for the coin. The more people in the know about our strengths the better  

NXT is based on 100% brand new source code + a completely different protocol. It has promise but it needs to stand the test of time - for years like Bitcoin did before it can be held in great confidence. Forks of Bitcoin whilst differing slightly don't have anywhere near as much potential for security issues.

- 100% proof of stake means no wasteful proof of work mining (bitcoin miners cost over $15 million dollars of electricty every day to run. If Blackcoin was worth the same, it would be a fraction of that).

- 10 second transaction times. A lot of people seem to think it's 60 seconds because that was what it was when the coin was proof of work, but now we are proof of stake. Coins based on bitcoin with proof of work that try to go that low fork horribly (even worldcoin has forked at 30 seconds before).

- No coins being dumped by miners!! People who haven't done their research make a big mistake they don't realised unlike Bitcoin, Litecoin, Dogecoin, Peercoin etc there are not tons of newly mined coins being dumped on the market for profit every day. This is HUGE. A big thing which KILLS pumps is the miners dumping. The only dumps that happen with Blackcoin are from people taking profits. I've been posting regularly about the patterns Blackcoin follows - big pump, consolidation period where people take profits, trading volume decreases until it reaches the point no-one else is taking profits, finally demand outstrips supply and next pump starts. I've noted that exact pattern 6 times in the last month and all my predictions came true.

Can we please make prominent these two key strengths of Blackcoin on the OP?

- 100% proof of stake means no wasteful proof of work mining (bitcoin miners cost over $15 million dollars of electricty every day to run. If Blackcoin was worth the same, it would be a fraction of that).

- 10 second transaction times. A lot of people seem to think it's 60 seconds because that was what it was when the coin was proof of work, but now we are proof of stake

I see topics asking what are the strengths of Blackcoin and I rarely see those above mentioned, when they are pretty key.

Dogecoin has a worse coin distribution if you look it up and that coin has been dispersed way more than Blackcoin.

Blackcoin is pretty fair as far as cryptos go.

You'll find in almost any coin though there's always a few lucky people who hold a ridiculous amount of coins (not exchange wallets). It just happens.

Would be nice to see. But to be realistic and to avoid disappointment I think we should now prepare ourselves for another consolidation phase. Sometimes this can last a day or two sometimes it can last over a week.

The previous pattern is, once the price levels out and finds an equilibrium the trading volume slowly drops as there are less and less people each day who take their profits from the pump. Until finally demand is greater than supply due to no mined coins being dumped, and the next upswing occurs.

I myself would be delighted if we simply established the new floor as 30k satoshis for now. This gives more people plenty of time to get in before Blackcoin becomes too expensive.

You don't seem to realise that "Once you go black you don't go back" is a well known phrase that been used for a long time before Blackcoin existed. It's not something that Blackcoin made up. People aren't supposed to guess the ending.

Just to tell you guys something, I bought most of my Blackcoin near the all time low. Re-bought twice more each time it crashed. I'm up a lot of money now. And I'm still holding the majority of my blackcoins. If I thought this coin was a pump and dump I would have exited. The reason I truly believe in this coin is the 10 second transactions combined with no wasteful mining. This one-two punch will be our marketing HARPOON we will use to slaughter the whales of Bitcoin.

Most importantly the person in charge of giving out Faircoin could easily have given himself 50% of the coins. That can't happen with Mintcoin or Blackcoin because it was distributed with mining power - that cannot be cheated.

FAC is 100% premined you noob. Let me spell that out to you, that means the person who created FAC owned every single FAC that ever existed. He then gave it out to people using a method that can't be checked. Compare this with Blackcoin that uses the global consensus of the blockchain that anyone can independently verify and proof of work mining as a way of FAIRLY distributing the coin in a manner which cannot be GAMED.

Fair coin is actually one of the LEAST fair coins out there. We might as well go back to the government printing out money and giving it out to people randomly.

Lets compare the two methods of distribution that unfaircoin and Blackcoin used

1. A single person holding all the money and giving it out to people using a method that can be gamed and involves TRUSTING that person

2. People using mathematics (mining) and the blockchain, to distribute the coins out in a way that cannot be gained, which is decentralised and involves zero trust.

The irony is Faircoin is actually the LEAST fair coin out of most of the coins on here. Unfortunately a lot of people just buy coins based on a pump and don't do their research and get burned. Reason: premined coins by the dev NEVER go far in this community. Look at MINT to see what I am talking about, it's almost identical to Blackcoin and yet it's daily trading volume is pathetically small, and they both launched around the same time. Pre-mined coins get the worst reputation.

It's likely the Faircoin developer has an absurdly large percentage of the coins. You can see the proof that a single person holds a lot of the coins because how little trading volume it's taken to pump up unfaircoins price. It took Blackcoin weeks of trading 500BTC a day to get up that high, compared to 2-3 days for Faircoin. Buy unfaircoin, make the developer rich and pray he doesnt dump.