6K is cheap for this coin. Many times it has pumped to 20k from 6k
Hard to say when Chinese pumping next because blk/cny is higher volume then blk/btc
I am accumulating at 6k
Same here this marks round three for me... even if there is only one major pump per year (and even if that pump is only from 5-6K sats to 12-14K sats) as long as you are OK with a 'measly' 100% annual gain it's a winner. Sure there's always the doubts led by greed... "is something else gonna pump while I'm bagholding and the price seems to have been 5-6K for months" or "I could make 100% if I dumped this now at 12K, but what if it goes to 16K tomorrow..."
However, compare that to the 'real world' where your bank is paying .5% (if you're lucky) and thanks to rampant printing it's losing much more than .5% in buying power per year... suddenly BLK seems like a pretty great investment.
If you're talking about rent money... no then it sucks horribly... because when you need it, it might be when the value has actually dropped - but as long as you're talking about
equivalent value (in fiat) then BLK has been very, very
stable for over a year. It's been a long time since the price actually moved very far to one side or the other of $0.025 USD. Sure the price in
Satoshis moves a great deal... but despite being 45% lower in sats per BLK now than a few weeks ago... the value in USD is actually marginally
higher.
I'm building back up again and hope to be back in the six-figure club by the end of the year - but I like to cost average my buys so I don't know if the price will hold.
Basically if you treat it as a
currency or even an
investment and avoid thinking of it as a
religion... you should be able to pull a fairly decent return out of any reasonably liquid cryptocurrency. It's only when you start dabbling in the flavor of the week coins that die off completely and have .005BTC in trade volume that you lose everything. BLK has been and continues to be every bit as useful and stable as Litecoin, Peercoin, Darkcoin, etc... and although arguably
less useful than BTC... depending on when you bought in to both coins... it's even a better investment than Bitcoin. Now if you bought at the top of the totally manipulated pump to 97K sats... (at a time when BTC was over $700 no less) then it's probably never going to be anything but a loss.
You could have bought a bunch of real estate in 2007, or dot-com startups in 1998, or Enron/Worldcomm stocks, etc. and been in the exact same boat however... There's really no true 'safe haven' in money - whether real property, virtual property, or fiat currency.
i've bought the first time last year @33k and didn't sold @44 thinking at a big pump, but then dumped to 6k. Nice profit.
How can you make a profit with that kind of figure? You bought @33000 then dumped @6000.
P.S. k means thousand.
I'm pretty sure you mistook his/her sarcasm for stupidity there...
Sometimes it's hard to tell on a forum, I know.
