traderman
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Activity: 1260
Merit: 1001
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April 13, 2014, 04:22:12 PM |
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My guess is there are a lot of bots and day traders flipping back and forth. Keep in mind the latest price rises have been happening when Bitcoin and Litecoin is going down. So I am assuming a lot of speculators have come from BTC and LTC to BC and that is why we are seeing these kinds of price jumps. My question is what happens if BTC and LTC resume their upward trajectories? What happens to BC then? Are we gonna have a price crash? I don't want to spoil the festive mood around here, but I think everyone needs to take this into consideration. The fact that we have no miners dumping coins every day does not mean you can't have a sell-off. If the multipool's were at a stage where they can buy a few hundred BTC a day worth, I would feel much better about it. But at the current rate I am not so confident. If BTC stages a comeback things can get hairy very quickly. Guys, help me out here.
The multipool is currently @ 6000mhs which is ~ 1000 ltc per day ~ 25 btc per day.
The daily volume of BC on mintpal alone is 2800 btc today.
So that means most of the buying from the multipool is a drop in the bucket @ this stage.
Is my math wrong here or what?
Never thought to do the math but yeah, you are right... Consider this though: The multipool only buys once a day, and it does not sit there and day trade, which means any volume from the multipool is entirely a new influsion of capital. Someone with one bitcoin worth of value can buy and sell back and forth all day and make ten bitcoins worth of volume. So basically, the multipool is an influx of new capital, whereas the rest of the volume may not necessary be an influx of new capital it could be someone just trading value back and forth, aka day trading. As far as I am concerned, there is no way to tell what portion of the volume is due to new influx of capital, or just daytraders trading back and forth. |
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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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ManMachine
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Activity: 112
Merit: 10
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April 13, 2014, 04:24:59 PM |
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Each troll that appears here, I can only laugh at them, kkkkkkk BLACKCOIN IS THE HOTEST SHIT! AND NOW THERE COMES NASTY FLYS!  FAC,UTC,WHATEVER GTFO with your crap! THIS IS BLACKCOIN! |
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JamesR1
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April 13, 2014, 04:26:17 PM |
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Mintpal is becoming like craptsy, you cant even trade anymore its all bots.
https://c-cex.com/?p=bc-btcLETS use that... I lost alot cause of mintpals slow transactions.. is overloaded.. we could use other exchanges... I cant even place an order... its keeps changing and lagging... i head of to c-cex... Don't forget you can keep the volume up on Prelude as well. http://prelude.ioIt got a big mention yesterday and a lot happened. |
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digicidal
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April 13, 2014, 04:26:32 PM |
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blackcoin went up too fast
sell take your profit from blackcoin because i think it wil start to go down bellow 5000 satoshi. if you dont think this then hold its up to you but i think you should take profit a bird in the hand is better than 2 in the trees.
use a small part of the btc to buy ultracoin because its going to go up.
sell another part of the btc to have fiat .
spend the fiat on things for your self and your loved ones and family on things you want.
save the rest of your money in btc and ltc in a safe place and dont keep them on an exchange.
Go pitch your coin somewhere else. God, I hate that... Nah... no need to be bitter when you're on the winning side.  I just shrug and laugh. Actually, although the 'below 5000 satoshi' part was pretty hilarious in and of itself... when I saw the value-storage proposition was BTC/LTC and UTC... all of which have done nothing but tank in value over the past week while BC just keeps on truckin'... That's when it became actual entertainment!  EDIT- In the interest of honesty... LTC and BTC have only had papercuts in their bleeding out... UTC is hemorrhaging OTOH. |
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copychicken
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April 13, 2014, 04:26:51 PM |
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those who want to get rid of their BLACKs cause they are afraid... come and dump them at c-cex.com... i am waiting... i want them fast.. www.c-cex.com |
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EfterlysT
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April 13, 2014, 04:34:42 PM |
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Anyone else having problems withdrawing bc from Mintpal ?
I get this when i press the confirmation link i get by email:
"Sorry, something went wrong!
Withdraw validation code could not be found. Please try again"
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jc12345
Legendary
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Activity: 1638
Merit: 1013
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April 13, 2014, 04:35:04 PM
Last edit: April 13, 2014, 05:00:09 PM by jc12345 |
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Anyone here have the result of last days sha256 payout? how much btc equiv per 100ghs/day
Very little. I put 1.7THs in for effective 1THs for 10 hours and got about 80 BC. There are not many options for the pool to choose for SHA and the pool has been mining Terracoin for the last couple days. TRC is 70% profitable compared to BTC straight. |
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coinpredator(return)
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Activity: 70
Merit: 10
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April 13, 2014, 04:37:15 PM |
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those who want to get rid of their BLACKs cause they are afraid... come and dump them at c-cex.com... i am waiting... i want them fast.. www.c-cex.comMy order is in mintpal now please dump to 28000 - 29000, I am waiting for to buy there. |
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Alley
Legendary
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Activity: 910
Merit: 1000
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April 13, 2014, 04:37:32 PM |
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Where can you spend black coins?
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zwiggelbig
Member
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Activity: 98
Merit: 10
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April 13, 2014, 04:38:35 PM |
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blackcoin went up too fast
sell take your profit from blackcoin because i think it wil start to go down bellow 5000 satoshi. if you dont think this then hold its up to you but i think you should take profit a bird in the hand is better than 2 in the trees.
use a small part of the btc to buy ultracoin because its going to go up.
sell another part of the btc to have fiat .
spend the fiat on things for your self and your loved ones and family on things you want.
save the rest of your money in btc and ltc in a safe place and dont keep them on an exchange.
Man i feel sorry that your UTC dropped ~50% over the week  Edit: I don't need you to teach me how to deal with my BC and use my money to buy your crap coin because you brought from high Litecoin safe place lol! After the crash of 8 dollars back to 11 I sold all litecoins. Sinds then litecoin went back down and blackcoin trippled! |
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Jesse Livermore
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April 13, 2014, 04:39:16 PM |
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 As expected, and hoped for, BC has consolidated in this 39k-26k range where we got our two high volume bars 12 hours ago. Going forward we came very close to reaching the 39090 high volume high but didn't test it, and the same goes for the 26503 high volume low. However in looking more at the charts that 26503 low came with volume that was relatively high however it was surrounded by higher volume up bars which can in some circumstances void out the chance of re-test. So if anyone is waiting to buy in for that 26503 re-test it's iffy that it'll happen. What's not iffy is the 39090 high volume re-test which is now due on the three timeframes above. BC got very close to a re-test (38999) a couple hours ago however it couldn't quite make it, which is good because consolidating after such ridiculous price increases means that the overall up-trend will have stronger legs to stand on going forward at higher prices. BTC in the meantime is shitting itself again so BC going sideways would be a-okay with me. JL |
I own a DASH Masternode.... And you should too.
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zwiggelbig
Member
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Activity: 98
Merit: 10
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April 13, 2014, 04:40:57 PM |
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Sold nearly 500k BC @7000 and....  Ouch...that is $65,000 today's value. However, the good news is you can jump back in now. This price IS still cheap, BC is going way above $1.00 per coin. If it takes over BTC as primary crypto, a $1.00 is super conservative. Not to mention the Wall st investor money is coming, maybe they will buy BC instead of BTC this year. Cant we pay to get an article in the wall street journal to spark their interest? |
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digicidal
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April 13, 2014, 04:46:44 PM |
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...
What's not iffy is the 39090 high volume re-test which is now due on the three timeframes above. BC got very close to a re-test (38999) a couple hours ago however it couldn't quite make it, which is good because consolidating after such ridiculous price increases means that the overall up-trend will have stronger legs to stand on going forward at higher prices.
BTC in the meantime is shitting itself again so BC going sideways would be a-okay with me.
JL
Me too, in fact I would prefer it. A day or so of very solid consolidation around the 30K point (especially in the face of falling BTC prices) would undoubtedly pull in many investors that are still on the fence due to such rapid appreciation over the past 24 hours. There are obviously, judging by some of the inquiries in this thread, some people that do not understand the difference between a PoS coin that's already been mined and a PoW coin which is expanding daily. That's why so many keep calling for a massive sell off - because they've seen the pattern repeated with so many other coins. If they see that no matter what the market climate, at worst BC stalls for a short while, and then starts climbing again... it might start to make more sense to the less informed investor.  |
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CoinCartel
Full Member
Offline
Activity: 122
Merit: 100
☆☆☆☆☆☆☆
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April 13, 2014, 04:51:02 PM |
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We should plan a major Blackcoin meetup
I'd love to be part of the team that puts that together.
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digicidal
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April 13, 2014, 04:52:09 PM |
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i want to buy blackcoin put options so i can make money from blackcoin going down.
we can do this with an escrow
basicly i pay you for the right but not obligation to sell you blackcoins at 0.00025 in a month.
you would send bitcoins to an escrow and he would store them for 1 month. at any time during that month i would send blackcoins to the escrow and he would release the bitcoins to me.
for example i pay you 50 btc for you to buy 1 million blackcoins from me at 0.00025 within a month.
you would send 250 btc to an escrow and at anytime during that month i can send the escrow 1 million blackcoin and he would send the 250 btc to me.
And I would like a call option... say you buy 1M BC today - and if it gets to 100K satoshis... you sell it to me for 50btc... I think you're seriously deluded if you think anyone on this thread with 250BTC is planning on leaving it all in BTC! |
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btcprice
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April 13, 2014, 04:58:59 PM |
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...
What's not iffy is the 39090 high volume re-test which is now due on the three timeframes above. BC got very close to a re-test (38999) a couple hours ago however it couldn't quite make it, which is good because consolidating after such ridiculous price increases means that the overall up-trend will have stronger legs to stand on going forward at higher prices.
BTC in the meantime is shitting itself again so BC going sideways would be a-okay with me.
JL
Me too, in fact I would prefer it. A day or so of very solid consolidation around the 30K point (especially in the face of falling BTC prices) would undoubtedly pull in many investors that are still on the fence due to such rapid appreciation over the past 24 hours. There are obviously, judging by some of the inquiries in this thread, some people that do not understand the difference between a PoS coin that's already been mined and a PoW coin which is expanding daily. That's why so many keep calling for a massive sell off - because they've seen the pattern repeated with so many other coins. If they see that no matter what the market climate, at worst BC stalls for a short while, and then starts climbing again... it might start to make more sense to the less informed investor. I agree with both of you here. What's kind of funny is that I remember back around March 21st or so the price had gone sideways around the 3000 sat mark for a couple days. I was wondering if it would ever go up again. LOL! This last week when the price hovered around 9000 sat for a couple days I just told myself to be patient and remember how this coin goes sideways for a couple days and that is a good thing. |
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blade87
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April 13, 2014, 05:04:58 PM |
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If you want to be rich by investing in BlackCoin or any other promising coin read about this simple investing system: https://bitcointalk.org/index.php?topic=345065.0TL;DR:1. Buy coins for as much money as you can afford to lose 2. Wait for the price to double 3. Reward yourself by selling 10% of your coins 4. Go to point 2 If at any stage something bad happens to the coin you should still have plenty of cash. Don't sell all your coins - don't repeat mistakes of the people who were selling bitcoins for 1$ or worse. Good luck Don't forget to reinvest a small portion of your profits back to the BC Foundation which will fund new exciting projects for BC. That will also help your current holding. Remember, this coin has no premine. |
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digicidal
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April 13, 2014, 05:05:33 PM |
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...
What's not iffy is the 39090 high volume re-test which is now due on the three timeframes above. BC got very close to a re-test (38999) a couple hours ago however it couldn't quite make it, which is good because consolidating after such ridiculous price increases means that the overall up-trend will have stronger legs to stand on going forward at higher prices.
BTC in the meantime is shitting itself again so BC going sideways would be a-okay with me.
JL
Me too, in fact I would prefer it. A day or so of very solid consolidation around the 30K point (especially in the face of falling BTC prices) would undoubtedly pull in many investors that are still on the fence due to such rapid appreciation over the past 24 hours. There are obviously, judging by some of the inquiries in this thread, some people that do not understand the difference between a PoS coin that's already been mined and a PoW coin which is expanding daily. That's why so many keep calling for a massive sell off - because they've seen the pattern repeated with so many other coins. If they see that no matter what the market climate, at worst BC stalls for a short while, and then starts climbing again... it might start to make more sense to the less informed investor. I agree with both of you here. What's kind of funny is that I remember back around March 21st or so the price had gone sideways around the 3000 sat mark for a couple days. I was wondering if it would ever go up again. LOL! This last week when the price hovered around 9000 sat for a couple days I just told myself to be patient and remember how this coin goes sideways for a couple days and that is a good thing. Yeah with any hotly traded coin - especially after such brisk trading - it takes a little while to shake out the weaker hands before surging ahead again. It's all good, because bc is only getting more widely distributed through the process. |
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svojoe
Legendary
Offline
Activity: 968
Merit: 1000
einc.io
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April 13, 2014, 05:14:22 PM |
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I just woke up almost shit my pants after looking at the price
Prepare a diaper tomorrow Do you think somebody is going to sleep tonight? :0 Im not..the next 12-14 hours will be a major test. If we double again there will be a lot of happy people tomorrow morning. I am not concerned really, Never bet against black, just because it looks like we are stable for 12 hours at 30k so it might go down doesn't mean squat. This thin could rocket up and leave you behind *forever*. So because you can't sell you might as well ride it out. But I do think it just might go up more tomorrow! ha! |
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JamesR1
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April 13, 2014, 05:18:53 PM |
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A quick time out guys. A funny little video clip to raise awareness of 'Project Goosebury' the new Blender full feature film. It will be the first open source project to take on the Hollywood studios if it gets its funding. Well worth the donation imo. https://www.youtube.com/watch?v=r-wgprY0qJA |
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