Stanr010
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Activity: 70
Merit: 10
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March 04, 2014, 03:50:13 PM |
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This coin has one of the smoothest and most honest launches that I've seen in awhile, but the thing is, what does this coin bring to the table that others have not? Wouldn't this just be considered a clone?
What does the other coins bring to the table? Nothing really. IMO, the issue with this coin is the fact that it's no longer mined and its PoW phase was too short. Imagine if Doge or even FTC went into a limited supply like this coin. People would buy it up so fast it'd hit BTC prices. The problem is as a PoW coin, not many people were exposed to this coin and since it's shifted to PoS, even less people have been introduced to it. The fact that the price hasn't dropped much more shows that the people who are invested in this coin are holding on pretty well. The problem isn't holding. The problem is no one's buying because this coin is under the radar. That's a good point, but we also need to remember it's only 2 weeks old! 2 weeks old doesn't just negate the issues at hand. We've got issue 1. not a lot of people are interested in the coin and 2. prices are falling at a rate of 30%+ day over day. Giving this coin more time isn't going to solve issue 2, so it ultimately undermines issue 1. At least that's how I see it. This coin has a lot of potential but it also has a lot going against it. I mean, what would you be more willing to put money in, a BC that has a -40% next to it or AUR that has a +80% next to it with 10 times the volume?  |
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Jabulon
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March 04, 2014, 03:54:18 PM |
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This coin has one of the smoothest and most honest launches that I've seen in awhile, but the thing is, what does this coin bring to the table that others have not? Wouldn't this just be considered a clone?
What does the other coins bring to the table? Nothing really. IMO, the issue with this coin is the fact that it's no longer mined and its PoW phase was too short. Imagine if Doge or even FTC went into a limited supply like this coin. People would buy it up so fast it'd hit BTC prices. The problem is as a PoW coin, not many people were exposed to this coin and since it's shifted to PoS, even less people have been introduced to it. The fact that the price hasn't dropped much more shows that the people who are invested in this coin are holding on pretty well. The problem isn't holding. The problem is no one's buying because this coin is under the radar. Best way to to get people to start trading this coin? A systematic pump like the one that was done with AUR. AUR didn't just explode overnight organically. It was done by laying tens of bitcoins into the market and setting up even bigger buy walls to make it look like it was a very stable and enticing investment. Good points, finally someone talking a bit of sense. Let me add to your thought re AUR and how it bears on Blackcoin: AUR was a good candidate for a systematic run-up for a reason. Even though it is nothing more than a litecoin clone, it has BRANDING. Yes, it has exposure and is on the radar because is has been smartly branded (and the effect snowballs, as accelerated buying attracts more buyers and you get a positive-feedback loop). |
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Stanr010
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Activity: 70
Merit: 10
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March 04, 2014, 03:55:11 PM |
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Oh and whoever's putting up those stupid buys in 0.00000001 increments that does nothing but makes it look like there's no buy support. If you really want to pretend that there's buy support, throw 2 or 3 BTC 5 or 7 spots down from the top buy. That's called a real support.
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vdaevski
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March 04, 2014, 03:57:47 PM |
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8 Hours until the next draw! |
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Ralph0603
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Activity: 49
Merit: 0
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March 04, 2014, 03:59:10 PM |
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Woohoo, buy support
0.00000550 300000.00000000 1.65000000
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jacek1973
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Activity: 84
Merit: 10
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March 04, 2014, 03:59:24 PM |
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Oh and whoever's putting up those stupid buys in 0.00000001 increments that does nothing but makes it look like there's no buy support. If you really want to pretend that there's buy support, throw 2 or 3 BTC 5 or 7 spots down from the top buy. That's called a real support.
that the person selling |
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neilh
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March 04, 2014, 04:08:01 PM |
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This coin has one of the smoothest and most honest launches that I've seen in awhile, but the thing is, what does this coin bring to the table that others have not? Wouldn't this just be considered a clone?
What does the other coins bring to the table? Nothing really. IMO, the issue with this coin is the fact that it's no longer mined and its PoW phase was too short. Imagine if Doge or even FTC went into a limited supply like this coin. People would buy it up so fast it'd hit BTC prices. The problem is as a PoW coin, not many people were exposed to this coin and since it's shifted to PoS, even less people have been introduced to it. The fact that the price hasn't dropped much more shows that the people who are invested in this coin are holding on pretty well. The problem isn't holding. The problem is no one's buying because this coin is under the radar. That's a good point, but we also need to remember it's only 2 weeks old! 2 weeks old doesn't just negate the issues at hand. We've got issue 1. not a lot of people are interested in the coin and 2. prices are falling at a rate of 30%+ day over day. Giving this coin more time isn't going to solve issue 2, so it ultimately undermines issue 1. At least that's how I see it. This coin has a lot of potential but it also has a lot going against it. I mean, what would you be more willing to put money in, a BC that has a -40% next to it or AUR that has a +80% next to it with 10 times the volume? But if someone that has BlackCoin looks at Aurora and now Maza on mintpal, see's the prices push up decides to cash out to jump into them. It's going to swing the numbers wildly! Oh and whoever's putting up those stupid buys in 0.00000001 increments that does nothing but makes it look like there's no buy support. If you really want to pretend that there's buy support, throw 2 or 3 BTC 5 or 7 spots down from the top buy. That's called a real support.
But someone is offloading, why buy at the higher price. If they are so desperate to sell let them dump and those who support the coin buy at the lowest price. Once they finished we can put some back up for sale at higher prices and push the value back up. Those small increments are coming after big sell offs, and just trying to push it back up. And it's working! I'm guessing the person offloading is also watching this thread! |
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blade87
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March 04, 2014, 04:09:29 PM |
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#1 wallet is Mintpal. I withdrew a large chunk this morning, and it's balance went down by about that amount. So don't think anyone is selling out if you see that one dropping.  Also, this morning was fantastic for cost averaging - I don't really mind the low prices to be honest.  |
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rat4 (OP)
Full Member
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Activity: 324
Merit: 197
Two-way squared
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March 04, 2014, 04:12:17 PM |
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BlackCoin is on its first Chinese exchange: http://www.btc-cc.com/ |
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Soepkip
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March 04, 2014, 04:13:04 PM |
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rsx19
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March 04, 2014, 04:13:53 PM |
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Bc  y u always in red |
BlackCoin For poor Shibe - BMobXjx9TN96a1qmZA9pSSzJur6UH9PWgU
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fox19891989
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March 04, 2014, 04:14:26 PM |
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This coin has one of the smoothest and most honest launches that I've seen in awhile, but the thing is, what does this coin bring to the table that others have not? Wouldn't this just be considered a clone?
What does the other coins bring to the table? Nothing really. IMO, the issue with this coin is the fact that it's no longer mined and its PoW phase was too short. Imagine if Doge or even FTC went into a limited supply like this coin. People would buy it up so fast it'd hit BTC prices. The problem is as a PoW coin, not many people were exposed to this coin and since it's shifted to PoS, even less people have been introduced to it. The fact that the price hasn't dropped much more shows that the people who are invested in this coin are holding on pretty well. The problem isn't holding. The problem is no one's buying because this coin is under the radar. That's a good point, but we also need to remember it's only 2 weeks old! In fact, just 8 days old |
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neilh
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March 04, 2014, 04:15:15 PM |
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Currently the seller on mintpal has pushed the price from at least 500 possibly
lower to 675 with small increases!
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Stanr010
Member
Offline
Activity: 70
Merit: 10
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March 04, 2014, 04:17:32 PM |
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Currently the seller on mintpal has pushed the price from at least 500 possibly
lower to 675 with small increases!
If I were to dump, I'd take a look at the buy list and notice that there's only real support at 550 and 564 at around 2BTC. A sell order order set at 550 would take out everything in between in an instant. Similarily, I'd set a buy order at 565 knowing the other buy orders mean almost nothing. |
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oldmarsh
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March 04, 2014, 04:19:24 PM |
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We are coming to get you China!! |
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blade87
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March 04, 2014, 04:20:23 PM |
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250 sat earlier wow. You couldn't even buy for that in the first few hours of mining.  Someone push this zero. I want to become a BC millionaire for next to nothing. |
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neilh
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March 04, 2014, 04:20:52 PM |
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Currently the seller on mintpal has pushed the price from at least 500 possibly
lower to 675 with small increases!
If I were to dump, I'd take a look at the buy list and notice that there's only real support at 550 and 564 at around 2BTC. A sell order order set at 550 would take out everything in between in an instant. Similarily, I'd set a buy order at 565 knowing the other buy orders mean almost nothing. Although if supporters are at that level, and moved their buy orders lower the seller would have to sell lower? A lot of those above 500 are fake buys? (from seller) And seems the seller is now tweaking those small buy orders to make them look more natural! |
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oldmarsh
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March 04, 2014, 04:21:55 PM |
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250 sat earlier wow. You couldn't even buy for that in the first few hours of mining. Someone push this zero. I want to become a BC millionaire. ARggg! I was sleeping and I am so mad that I missed those prices. |
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