[ANN] Blacknet BLN | Staking | Future of zApp & ZeFi

[digicidal]

Multipool gonna xfer btc to exchanges soon I think

Isn't it done at 12am eastern?

It's been around 4am GMT but some days it's been 6am GMT.

Should be a decent payout with BC low (comparatively at least) and many alts being manipulated upwards... though don't know how many of those we're mining.  Many others took a crap today so it might even out really.

Regardless the amount of BC will obviously be much higher than yesterday.

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[damiano]

Intro to Elliott Wave Theory

Since MintPal is being a bastard tonight and not loading any charts for me, leaving me without an ability to do continued Wyckoff volume analysis, I'll go into another pretty interesting form of technical analysis and show you some Elliott Wave Theory.
In it's basic form, Elliott Wave Theory can provide a roadmap for where things currently stand. I've used it to trade stocks, bonds, currencies and now crypto-currencies. Sometimes successfully, sometimes not successfully.
Here is the basic premise: prices move up in 5 distinct 'waves'. Wave 1 up, wave 2 down, wave 3 up (and typically the strongest), wave 4 down (and typically does NOT touch wave 1 high) and finale with wave 5 which can be volatile and emotional-ridden. After Wave 5's peak you see dramatic declines at first, signifying wave 'a' down, wave 'b' then has some sort of rally which fizzles and then wave 'c' is capitulation but does NOT break below wave 1 (if it does, head for the hills because the thing is dead).
From there the entire Wave 1-5 rally becomes a larger Wave 1 and after the a-b-c correction completes it becomes a large Wave 2. From there a new Wave 3 starts up and is far larger than the entire large Wave 1 (made up of the 1-5 rally). Here's a visual if I lost you:


And here's how I see BlackCoin now (sorry, Poloniex chart):


We have just completed a near-perfect 5-wave rally, which could (Elliott Wave technicians use could a lot) now be a larger Wave 1, and we may (Elliott Wave technicians use may a lot, too) be a corresponding perfect a-b-c correction that is now a wave 2. From here we might be close to starting a massive Wave 3....of course we might also have completed a larger 'A' wave and could be in store for a big 'B' rally wave (not likely to new highs) which may then be followed by a big wave C decline back to these levels or lower, or overall sideways consolidation.

I will post this disclaimer: in the long term Elliott Wave has so far only showed good predictability with 1 crypto: BTC. Every other crypto so far that had a perfect wave 1 rally has had a completely miserable Wave 2 which breaks (or eventually breaks) below Wave 1 and completely throws negates Elliott Wave. I think the inflation effects and predatory mining effects and pump-and-dump effects, and most importantly the lack of good fundamentals has been the root cause of every crypto's undoing though.
BlackCoin however has little to no inflation, good fundamentals (both in the transaction speed and in the multipool) and a large community backing it up (you and I).

Anyhow, IF we see BlackCoin starting up a large Wave 3 here soon expect the rally to be far larger than the Wave 1 we just saw (and Wave 1 more or less took us from 5k to 95k, or an 1800% return). A large Wave 3 could easily take us to 400k (a 1900% return) and potentially much higher due to the ridiculous strength and speed of Wave 1.
We'll see.
First donation request for opening up your technical analysis world here.
BA9XTjcB8v91gga8zbqpuabJTZDQAvtVHz

JL

Very nice.  I'm suprised no one else does TA.

In respect to other alts, bc is a bit different since newly mined coins are being dumped.  Also we have the buying pressure from 2-3 multipools. 

[digicidal]

Intro to Elliott Wave Theory

Since MintPal is being a bastard tonight and not loading any charts for me, leaving me without an ability to do continued Wyckoff volume analysis, I'll go into another pretty interesting form of technical analysis and show you some Elliott Wave Theory.
In it's basic form, Elliott Wave Theory can provide a roadmap for where things currently stand. I've used it to trade stocks, bonds, currencies and now crypto-currencies. Sometimes successfully, sometimes not successfully.
Here is the basic premise: prices move up in 5 distinct 'waves'. Wave 1 up, wave 2 down, wave 3 up (and typically the strongest), wave 4 down (and typically does NOT touch wave 1 high) and finale with wave 5 which can be volatile and emotional-ridden. After Wave 5's peak you see dramatic declines at first, signifying wave 'a' down, wave 'b' then has some sort of rally which fizzles and then wave 'c' is capitulation but does NOT break below wave 1 (if it does, head for the hills because the thing is dead).
From there the entire Wave 1-5 rally becomes a larger Wave 1 and after the a-b-c correction completes it becomes a large Wave 2. From there a new Wave 3 starts up and is far larger than the entire large Wave 1 (made up of the 1-5 rally). Here's a visual if I lost you:


And here's how I see BlackCoin now (sorry, Poloniex chart):


We have just completed a near-perfect 5-wave rally, which could (Elliott Wave technicians use could a lot) now be a larger Wave 1, and we may (Elliott Wave technicians use may a lot, too) be a corresponding perfect a-b-c correction that is now a wave 2. From here we might be close to starting a massive Wave 3....of course we might also have completed a larger 'A' wave and could be in store for a big 'B' rally wave (not likely to new highs) which may then be followed by a big wave C decline back to these levels or lower, or overall sideways consolidation.

I will post this disclaimer: in the long term Elliott Wave has so far only showed good predictability with 1 crypto: BTC. Every other crypto so far that had a perfect wave 1 rally has had a completely miserable Wave 2 which breaks (or eventually breaks) below Wave 1 and completely throws negates Elliott Wave. I think the inflation effects and predatory mining effects and pump-and-dump effects, and most importantly the lack of good fundamentals has been the root cause of every crypto's undoing though.
BlackCoin however has little to no inflation, good fundamentals (both in the transaction speed and in the multipool) and a large community backing it up (you and I).

Anyhow, IF we see BlackCoin starting up a large Wave 3 here soon expect the rally to be far larger than the Wave 1 we just saw (and Wave 1 more or less took us from 5k to 95k, or an 1800% return). A large Wave 3 could easily take us to 400k (a 1900% return) and potentially much higher due to the ridiculous strength and speed of Wave 1.
We'll see.
First donation request for opening up your technical analysis world here.
BA9XTjcB8v91gga8zbqpuabJTZDQAvtVHz

JL

Although I was (cursorily at least) familiar with Elliott Wave theory analysis - and the numerous caveats required to actually apply it successfully (or not depending on whether you agree with those caveats   ) I always enjoy your posts and sent you a little love for your wallet.  Keep it coming!

[micryon]

Anyhow, IF we see BlackCoin starting up a large Wave 3 here soon expect the rally to be far larger than the Wave 1 we just saw (and Wave 1 more or less took us from 5k to 95k, or an 1800% return). A large Wave 3 could easily take us to 400k (a 1900% return) and potentially much higher due to the ridiculous strength and speed of Wave 1.

I don't believe in any kind of chart analysis as a predictor... but I do believe in your fundamentals statement: coin has shown it has good value as a crypto currency for the original purpose Bitcoin was intended for: except done more efficiently and faster.  And there's no mining inflation... But I actually also like NXT for the same reason (also an investor in NXT).

Short term, BC is still not known by many, yet.. and the benefits of BC not understood by many.. This will change over time, but until that time where it reaches a broader audience, it will be difficult to sustain the interim valuations we saw from past few days.. That said, long term I'm a believer in this coin.

[gpools]

Anyhow, IF we see BlackCoin starting up a large Wave 3 here soon expect the rally to be far larger than the Wave 1 we just saw (and Wave 1 more or less took us from 5k to 95k, or an 1800% return). A large Wave 3 could easily take us to 400k (a 1900% return) and potentially much higher due to the ridiculous strength and speed of Wave 1.

I don't believe in any kind of chart analysis as a predictor... but I do believe in your fundamentals statement: coin has shown it has good value as a crypto currency for the original purpose Bitcoin was intended for: except done more efficiently and faster.  And there's no mining inflation... But I actually also like NXT for the same reason (also an investor in NXT).

Short term, BC is still not known by many, yet.. and the benefits of BC not understood by many.. This will change over time, but until that time where it reaches a broader audience, it will be difficult to sustain the interim valuations we saw from past few days.. That said, long term I'm a believer in this coin.

+1

[alison03]

sa

hey guys i am holden a large amount bc. how i can save this 100% safe?
any ideas?


do you think this site is serious? http://paperwallet.ga/BlackCoin/

just save your wallet.dat on an usb stick, and/or on another pc so if your pc crashes you still have your coins

you do not want this file (wallet.dat) on an computer connected to the internet or it could be compromised!!

is there specific, for a newbie, steps on how to get it off? I have saved that file to usb sticks, but don't know what to do now.

Mac? PC? Linux? You need to find the directory that holds the original wallet.dat file to remove it. This is the exact same process for a Bitcoin wallet when using the Qt client. There are plenty of tutorials out there to access your wallet file for the Bitcoin-Qt. Same procedure, same directory, but for BlackCoin-Qt folder

I'm on a Mac. I've actually never had the bitcoin-qt downloaded before (the blackcoin-qt is my first and only). I didn't realize I could find a bitcoin tutorial and have it be the same process as this one. I will go try to dig around!

Since you are on a mac you will need to start by pulling aside the veil...to look into your system files. Here's a link to a tutorial that shows you how to show-all files:
http://krypted.com/mac-os-x/mavericks-show-hidden-files/
Next, open finder and go the the home "user" tab... you should see a greyed out "Library" folder. Look inside, find "Application Support." Inside you will find the "BlackCoin-Qt" folder which contains your wallet.dat file. If you were backing up a Bitcoin wallet I would suggest saving the blockchain too (because its a huge file - 17+ gbs - and its a pain in the ass to download).
BUT, since you are dealing with BlackCoin the blockchain is new and very small. So, just worry about wiping your computer of that "wallet.dat" file  
Best of luck to you and your stash of coin!

thank you so so so much!!!

[STT]

The latest pool payout seems to have messed up a bit.   Its stated payout is about 15x what it actually sent to my wallet.

Anyone else getting that disparity

[digicidal]

The latest pool payout seems to have messed up a bit.   Its stated payout is about 15x what it actually sent to my wallet.

Anyone else getting that disparity

I got exactly what it shows on the front page sent to my wallet.  Are you sure you're looking at the right transaction?  Should be ~15.4BC/Mh/s.

[dr.octopus]

Anyhow, IF we see BlackCoin starting up a large Wave 3 here soon expect the rally to be far larger than the Wave 1 we just saw (and Wave 1 more or less took us from 5k to 95k, or an 1800% return). A large Wave 3 could easily take us to 400k (a 1900% return) and potentially much higher due to the ridiculous strength and speed of Wave 1.

I don't believe in any kind of chart analysis as a predictor... but I do believe in your fundamentals statement: coin has shown it has good value as a crypto currency for the original purpose Bitcoin was intended for: except done more efficiently and faster.  And there's no mining inflation... But I actually also like NXT for the same reason (also an investor in NXT).

Short term, BC is still not known by many, yet.. and the benefits of BC not understood by many.. This will change over time, but until that time where it reaches a broader audience, it will be difficult to sustain the interim valuations we saw from past few days.. That said, long term I'm a believer in this coin.

our main goal first is to be on top 3 no1 BTC no2 LTC and no3 BC... but how? if we even cant beat AUR which i believe was left by many...

[digicidal]

Anyhow, IF we see BlackCoin starting up a large Wave 3 here soon expect the rally to be far larger than the Wave 1 we just saw (and Wave 1 more or less took us from 5k to 95k, or an 1800% return). A large Wave 3 could easily take us to 400k (a 1900% return) and potentially much higher due to the ridiculous strength and speed of Wave 1.

I don't believe in any kind of chart analysis as a predictor... but I do believe in your fundamentals statement: coin has shown it has good value as a crypto currency for the original purpose Bitcoin was intended for: except done more efficiently and faster.  And there's no mining inflation... But I actually also like NXT for the same reason (also an investor in NXT).

Short term, BC is still not known by many, yet.. and the benefits of BC not understood by many.. This will change over time, but until that time where it reaches a broader audience, it will be difficult to sustain the interim valuations we saw from past few days.. That said, long term I'm a believer in this coin.

our main goal first is to be on top 3 no1 BTC no2 LTC and no3 BC... but how? if we even cant beat AUR which i believe was left by many...

NO (or at least it shouldn't be). Our main goal is to be a stable, secure, and useful means of exchange and store of value.  The rest is what comes with proving the first.

[STT]

s on the front page sent to my wallet.  Are you sure you're looking at the right transaction?  Should be ~15.4BC/Mh/s.

Shows Profitability (BC/MH)  14.43
for me

Next is Blackcoin Sent and its not what I received and it was the same timestamp, so..

Its not a massive deal, Im not a full time miner just thought I'd mention it

[brim]

BlackCoin has super strong. Go on~~~

[micryon]

our main goal first is to be on top 3 no1 BTC no2 LTC and no3 BC... but how?

Agree that's an important goal... however I believe a more fundamental metric that we should drive is not the price, but the coin/wallet distribution.  That is something more controllable than the price.

This coin has the advantage of not having a mining inflation dump.. in fact it has the opposite via reverse multi-pool.

So really.. the *only* thing we really need to do at this point is to promote and let more people know about this coin.  If each of us just told 10 persons about this coin (and maybe even give them 1 BC to encourage them to download a wallet)... and hopefully they will tell their friends.  Use facebook, twitter, reddit, youtube videos.. other forums to spread the info on the internet.. Then the value of the coin will rise by itself.  People will see the value.

Other thing is we should leverage the advantage that Blackcoin has in terms of service compatibility.. get it on all exchanges, all wallets: android/ios/web.. get it everywhere so everyone can get access to it.

if we even cant beat AUR which i believe was left by many...

Well.. depends on how you calculate AUR, coinmarketcap recently adjusted AUR, and it's now at #28 based on current float coins instead of total available coins.  (I'm a holder of AUR as well).  

[futile-resistance]

Anyhow, IF we see BlackCoin starting up a large Wave 3 here soon expect the rally to be far larger than the Wave 1 we just saw (and Wave 1 more or less took us from 5k to 95k, or an 1800% return). A large Wave 3 could easily take us to 400k (a 1900% return) and potentially much higher due to the ridiculous strength and speed of Wave 1.

I don't believe in any kind of chart analysis as a predictor... but I do believe in your fundamentals statement: coin has shown it has good value as a crypto currency for the original purpose Bitcoin was intended for: except done more efficiently and faster.  And there's no mining inflation... But I actually also like NXT for the same reason (also an investor in NXT).

Short term, BC is still not known by many, yet.. and the benefits of BC not understood by many.. This will change over time, but until that time where it reaches a broader audience, it will be difficult to sustain the interim valuations we saw from past few days.. That said, long term I'm a believer in this coin.

our main goal first is to be on top 3 no1 BTC no2 LTC and no3 BC... but how? if we even cant beat AUR which i believe was left by many...

What do you mean by beating Auroracoin? AUR is sitting at 28th in market cap ($1 million) based on number of publicly available coins and it has a $49,000 market volume. After the drop BC is sitting at #9 in market cap ($10 million) with $3 million in market volume.

http://coinmarketcap.com/

I realize these numbers aren't everything. Maybe you mean something else. AUR is a really neat concept, not intending to coin bash.

[dr.octopus]

Anyhow, IF we see BlackCoin starting up a large Wave 3 here soon expect the rally to be far larger than the Wave 1 we just saw (and Wave 1 more or less took us from 5k to 95k, or an 1800% return). A large Wave 3 could easily take us to 400k (a 1900% return) and potentially much higher due to the ridiculous strength and speed of Wave 1.

I don't believe in any kind of chart analysis as a predictor... but I do believe in your fundamentals statement: coin has shown it has good value as a crypto currency for the original purpose Bitcoin was intended for: except done more efficiently and faster.  And there's no mining inflation... But I actually also like NXT for the same reason (also an investor in NXT).

Short term, BC is still not known by many, yet.. and the benefits of BC not understood by many.. This will change over time, but until that time where it reaches a broader audience, it will be difficult to sustain the interim valuations we saw from past few days.. That said, long term I'm a believer in this coin.

our main goal first is to be on top 3 no1 BTC no2 LTC and no3 BC... but how? if we even cant beat AUR which i believe was left by many...

NO (or at least it shouldn't be). Our main goal is to be a stable, secure, and useful means of exchange and store of value.  The rest is what comes with proving the first.

i've said that because i think no.1 we are stable now no.2 we are also secure...  nobody cant stop what you call the P&Ds because we are on trading... you cannot tell anyone or somebody who will buy Bc at cheap prices and sold at high prices of course everybody is doing that... but what really happens is a whale or group bought at low price high volume maybe starts at 9k then wait for the peak they wanted probly 70-80's then they leave.. so us (mostly) little ones were left stuck at 6-7 since they sold and never come back or probly waiting another buildup then they will buy again.. correct me if im wrong but thats what i think what happen

and i admit i did a mistake for putting a buy order and then sleep and woke up it was filled at 70 but price is at 36. that was a huge mistake for me though im just a very very tiny shrimp with only 1 btc hoping to double it in BC but its ok .. i am in crypto and i understand anything can happen anytime...

[futile-resistance]

our main goal first is to be on top 3 no1 BTC no2 LTC and no3 BC... but how?

Agree that's an important goal... however I believe a more fundamental metric that we should drive is not the price, but the coin/wallet distribution.  That is something more controllable than the price.

This coin has the advantage of not having a mining inflation dump.. in fact it has the opposite via reverse multi-pool.

So really.. the *only* thing we really need to do at this point is to promote and let more people know about this coin.  If each of us just told 10 persons about this coin (and maybe even give them 1 BC to encourage them to download a wallet)... and hopefully they will tell their friends.  Use facebook, twitter, reddit, youtube videos.. other forums to spread the info on the internet.. Then the value of the coin will rise by itself.  People will see the value.

Other thing is we should leverage the advantage that Blackcoin has in terms of service compatibility.. get it on all exchanges, all wallets: android/ios/web.. get it everywhere so everyone can get access to it.

if we even cant beat AUR which i believe was left by many...

Well.. depends on how you calculate AUR, coinmarketcap recently adjusted AUR, and it's now at #28 based on current float coins instead of total available coins.  (I'm a holder of AUR as well).  

I still think a good goal would be to introduce new miners to the multipool at this point. Maybe we could make a cleaner looking blackcoin-themed GUI miner (we could take out the stratum/host/port stuff to help simplify it a bit too). Maybe set up the clients for "known hardware configs"?

If we could make the pool, literally, the simplest and easiest way to make money on the internet... well, I think that would be a good start.

edit: Are there plans to add cpu coins to the pool? I realize they're not really profitable. But it's much easier to set up a cpu mining program (basically just needs threads) and would be better for introducing noobies.

[dr.octopus]

Anyhow, IF we see BlackCoin starting up a large Wave 3 here soon expect the rally to be far larger than the Wave 1 we just saw (and Wave 1 more or less took us from 5k to 95k, or an 1800% return). A large Wave 3 could easily take us to 400k (a 1900% return) and potentially much higher due to the ridiculous strength and speed of Wave 1.

I don't believe in any kind of chart analysis as a predictor... but I do believe in your fundamentals statement: coin has shown it has good value as a crypto currency for the original purpose Bitcoin was intended for: except done more efficiently and faster.  And there's no mining inflation... But I actually also like NXT for the same reason (also an investor in NXT).

Short term, BC is still not known by many, yet.. and the benefits of BC not understood by many.. This will change over time, but until that time where it reaches a broader audience, it will be difficult to sustain the interim valuations we saw from past few days.. That said, long term I'm a believer in this coin.

our main goal first is to be on top 3 no1 BTC no2 LTC and no3 BC... but how? if we even cant beat AUR which i believe was left by many...

What do you mean by beating Auroracoin? AUR is sitting at 28th in market cap ($1 million) based on number of publicly available coins and it has a $49,000 market volume. After the drop BC is sitting at #9 in market cap ($10 million) with $3 million in market volume.

http://coinmarketcap.com/

I realize these numbers aren't everything. Maybe you mean something else. AUR is a really neat concept, not intending to coin bash.

what i mean is bc is more popular than aur right now ... aur price is 0.001 when it started i think but bc never reaches that so we never beat aur.. like drk its very quiet but its price is 0.001 ... so i wrote we need to beat all these alts to make it at no.3 ... because many says we will replace btc.. bc is a replacement of btc but how if we cannot top the altcoins first..

i still believe bc lacks something .. we have the strong and great community as you say... but we are missing something secret ingredient

[micryon]

I still think a good goal would be to introduce new miners to the multipool at this point. Maybe we could make a cleaner looking blackcoin-themed GUI miner (we could take out the stratum/host/port stuff to help simplify it a bit too). Maybe set up the clients for "known hardware configs"?

If we could make the pool, literally, the simplest and easiest way to make money on the internet... well, I think that would be a good start.

Yeah that's a great idea as well.  Mining is a way for coin distribution and getting people to know about BC...

It is always best to make it easier for people to adopt.  Hardest thing about these cryptos is getting someone to even install a wallet.. People pay $4 / install for stupid android apps.. so .. if we can get more people to install or mine, that's value right there.

[Jeezy911]

Auroracoin wont even be a player long term. 50% premine country coins are a joke.

[virtualfaqs]

Anyhow, IF we see BlackCoin starting up a large Wave 3 here soon expect the rally to be far larger than the Wave 1 we just saw (and Wave 1 more or less took us from 5k to 95k, or an 1800% return). A large Wave 3 could easily take us to 400k (a 1900% return) and potentially much higher due to the ridiculous strength and speed of Wave 1.

I don't believe in any kind of chart analysis as a predictor... but I do believe in your fundamentals statement: coin has shown it has good value as a crypto currency for the original purpose Bitcoin was intended for: except done more efficiently and faster.  And there's no mining inflation... But I actually also like NXT for the same reason (also an investor in NXT).

Short term, BC is still not known by many, yet.. and the benefits of BC not understood by many.. This will change over time, but until that time where it reaches a broader audience, it will be difficult to sustain the interim valuations we saw from past few days.. That said, long term I'm a believer in this coin.

our main goal first is to be on top 3 no1 BTC no2 LTC and no3 BC... but how? if we even cant beat AUR which i believe was left by many...

What do you mean by beating Auroracoin? AUR is sitting at 28th in market cap ($1 million) based on number of publicly available coins and it has a $49,000 market volume. After the drop BC is sitting at #9 in market cap ($10 million) with $3 million in market volume.

http://coinmarketcap.com/

I realize these numbers aren't everything. Maybe you mean something else. AUR is a really neat concept, not intending to coin bash.

what i mean is bc is more popular than aur right now ... aur price is 0.001 when it started i think but bc never reaches that so we never beat aur.. like drk its very quiet but its price is 0.001 ... so i wrote we need to beat all these alts to make it at no.3 ... because many says we will replace btc.. bc is a replacement of btc but how if we cannot top the altcoins first..

i still believe bc lacks something .. we have the strong and great community as you say... but we are missing something secret ingredient

Need more publicity and convince other altcoin holders to jump on board.