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

[MuffinMaster]

Reminder that the twitter whales bought in at 500 satoshi and can dump on you whenever they want

No they didn't, the price flatlined at 500 but with such low volume, a 1 BTC order pushed it over 600 sat

The price was at ~500 for 3 days with 30+ 24/h BTC volume
They aren't going to pump a coin that they didn't already buy in at the low

The daily 24 hour volume was actually 11 BTC when it was at 500.

I'm positive it was higher than 11 BTC and it has been in 500-650 for more than three days which would be atleast $24 000

It was at 11 BTC a few hours before it started getting pumped.

Please peddle your crackpot theories elsewhere. We get it, you sold your blackcoins and now you want the price to fall.

Since you guys are sadly clueless as to how pumps and in general markets work (I bet you have been holding you coins since day one) I will try to teach you something



Each black line represents one day and let's pretend 11BTC volume that you are saying, even though I know it was atleast 30 for 2 of those days.
In total that is a, according to you at least, 55 BTC volume over the 5 days it was trading at an average of 530~ satoshi.
Even if a whale had bought half of that, that is 27~ BTC or about 5 000 000 black coin.
He is then free to dump that whenever he wants to bit by bit, and also have near complete control over the market because he can force panic sells/buys whenever he puts up buy or sell walls.
No, I'm not saying the pump is over. He has obviously sold some though because he is nearing 200% profit. I'm saying it is risky to buy in now because you have no idea what his/the group of whales' target is.
But of course the whole idea of a pump and dump or manipulating market is just a crackpot theory and NEVER happens, especially in crypto markets (LOL )

BTW, yes I did sell my black coin because I am not an idiot and have at least some clue how markets work.

BTW, I also have been buying back at a decent price because I am not an idiot and have at least some clue how markets work.

TL;DR
You should educate yourself before you try to play with these big boys

You make some good points !

I would also like your feedback on my counter points

1) 27 btc is not really that much. any large volume is going to run that whale out of coins fairly quickly. the whale will make 200-300% but if they sell too quick they may miss the bigger run being triggered by more people being introduced into the coin by the whales
2) on any other coin that is actively mined I would have dumped by now, but the 1% coin inflation by stake only is going to keep the supply low
3)75 million overall coins is tiny !
4) a whale identifying good potential coins for a pump is not a bad thing, this coin has quite a lot going for it when the only game in town is popularity. It would take very little popularity for this coint to push 1000%

[ski92]

I bought some last night at 750, only because my AUR stash has finally cleared!!!!
I have some more to move but not sure whether to buy some more now, or see what its like tomorrow.
I mined a few and then bought a few with some LTC when it was at 500 so dont mind paying a bit more 

[Hampuz]

So close to 1K, we can do it guys! Probably news about the multipool is spreading!  It is truly an awesome idea, and i believe we are the first altcoin that will utilize it.

Keep up the good work, stunned by how great this community is.

Cheers.

[MuffinMaster]

1) No 27BTC is not that much, but again that is assuming a 11 BTC volume/day where he only absorbed half of it. It's also assuming he didn't mine any, and it also doesnt count any that he has bought/is going to buy during the pump up when he forced people to panic sell. 5 000 000 (at least remember) is still about 7% of ALL of the coins that is actually quite a bit. It is unlikely for a whale to lose control of the run because once he starts selling a lot of the coins to other people, they are also going to want to sell, and if there isn't enough hype behind the pump (the whale being the main buyer throwing up the large buy walls) then that is when the panic dump starts to happen. and besides 200%-300% is a lot of money for 5 days of work, yes maybe he could make more but why take a risk over $20 000+ dollars. It all depends on whatever the real target is.

2) Low supply doesn't really mean anything unless there is a lot of demand

4) It is a bad thing if the hype from his announced pump doesn't stay and he ends up being the major person making money. Since he controls such a high percentage of the coin he gets to decide what the price is which CAN be a bad thing. It could be a good thing if he unloads his coins and people are still interested in buying and we stabilize at a higher price, but again the person with the most money and with the most twitter followers gets too much control of the market/hype

Just because there are big players doesn't mean that you should take your ball and go home. (that's totally your decision though). Why would anyone play the stock market then? There are players with billions of dollars buying and selling. For a guy with a few thousand or hundred thousand its not going to move the price and you are at the complete mercy of the bigger players.

You find an undervalued stock with solid reasoning and you make a reasonable guess it will go up.

If you can't play with the big boys then how do you expect to do anything?

[mega]

Cant see any working pool. Whats wrong?

[MuffinMaster]

Cant see any working pool. Whats wrong?

you can't mine this coin, its proof of stake only

[mega]

Cant see any working pool. Whats wrong?

you can't mine this coin, its proof of stake only

So, buying it is the only way?

[MuffinMaster]

Cant see any working pool. Whats wrong?

you can't mine this coin, its proof of stake only

So, buying it is the only way?

yep. after you have coins if you put them in your wallet, then after 8 hours you will mine with the coins you have. No worring about a multipool raping this.

[blade87]

Cant see any working pool. Whats wrong?

Check back tomorrow. We'll get news about our BC paying multipool then. It'll look no different than as if you were actually mining the coin.

[mega]

Cant see any working pool. Whats wrong?

you can't mine this coin, its proof of stake only

So, buying it is the only way?

yep. after you have coins if you put them in your wallet, then after 8 hours you will mine with the coins you have.

Nice!
Is there any math I can do to calculate how many coins generate per coin, or something like that?

[MuffinMaster]

Cant see any working pool. Whats wrong?

you can't mine this coin, its proof of stake only

So, buying it is the only way?

yep. after you have coins if you put them in your wallet, then after 8 hours you will mine with the coins you have.

Nice!
Is there any math I can do to calculate how many coins generate per coin, or something like that?

Not sure, still pretty new. Stake is low though at 1% annually

[theneos]

faucet at http://pinoycrypto.com/faucets/blackcoin/ just dried up.  you can donate to B5UenFHx6etTTmxTFY2VoqsmRfznP7cLy5 so people will benefit from the faucet.

[blade87]

faucet at http://pinoycrypto.com/faucets/blackcoin/ just dried up.  you can donate to B5UenFHx6etTTmxTFY2VoqsmRfznP7cLy5 so people will benefit from the faucet.

Here's another brilliant idea brought to you by, yours truly!

Everyone mining in the coming multipool should be required to donate 0.5-1% of their BC income to community faucets.

[colinfx]

Reminder that the twitter whales bought in at 500 satoshi and can dump on you whenever they want

No they didn't, the price flatlined at 500 but with such low volume, a 1 BTC order pushed it over 600 sat

The price was at ~500 for 3 days with 30+ 24/h BTC volume
They aren't going to pump a coin that they didn't already buy in at the low

The daily 24 hour volume was actually 11 BTC when it was at 500.

I'm positive it was higher than 11 BTC and it has been in 500-650 for more than three days which would be atleast $24 000

It was at 11 BTC a few hours before it started getting pumped.

Please peddle your crackpot theories elsewhere. We get it, you sold your blackcoins and now you want the price to fall.

Since you guys are sadly clueless as to how pumps and in general markets work (I bet you have been holding you coins since day one) I will try to teach you something

[img]

Each black line represents one day and let's pretend 11BTC volume that you are saying, even though I know it was atleast 30 for 2 of those days.
In total that is a, according to you at least, 55 BTC volume over the 5 days it was trading at an average of 530~ satoshi.
Even if a whale had bought half of that, that is 27~ BTC or about 5 000 000 black coin.
He is then free to dump that whenever he wants to bit by bit, and also have near complete control over the market because he can force panic sells/buys whenever he puts up buy or sell walls.
No, I'm not saying the pump is over. He has obviously sold some though because he is nearing 200% profit. I'm saying it is risky to buy in now because you have no idea what his/the group of whales' target is.
But of course the whole idea of a pump and dump or manipulating market is just a crackpot theory and NEVER happens, especially in crypto markets (LOL )

BTW, yes I did sell my black coin because I am not an idiot and have at least some clue how markets work.

BTW, I also have been buying back at a decent price because I am not an idiot and have at least some clue how markets work.

TL;DR
You should educate yourself before you try to play with these big boys

You make some good points !

I would also like your feedback on my counter points

1) 27 btc is not really that much. any large volume is going to run that whale out of coins fairly quickly. the whale will make 200-300% but if they sell too quick they may miss the bigger run being triggered by more people being introduced into the coin by the whales
2) on any other coin that is actively mined I would have dumped by now, but the 1% coin inflation by stake only is going to keep the supply low
3)75 million overall coins is tiny !
4) a whale identifying good potential coins for a pump is not a bad thing, this coin has quite a lot going for it when the only game in town is popularity. It would take very little popularity for this coint to push 1000%

1) No 27BTC is not that much, but again that is assuming a 11 BTC volume/day where he only absorbed half of it. It's also assuming he didn't mine any, and it also doesnt count any that he has bought/is going to buy during the pump up when he forced people to panic sell. 5 000 000 (at least remember) is still about 7% of ALL of the coins that is actually quite a bit. It is unlikely for a whale to lose control of the run because once he starts selling a lot of the coins to other people, they are also going to want to sell, and if there isn't enough hype behind the pump (the whale being the main buyer throwing up the large buy walls) then that is when the panic dump starts to happen. and besides 200%-300% is a lot of money for 5 days of work, yes maybe he could make more but why take a risk over $20 000+ dollars. It all depends on whatever the real target is.

2) Low supply doesn't really mean anything unless there is a lot of demand

4) It is a bad thing if the hype from his announced pump doesn't stay and he ends up being the major person making money. Since he controls such a high percentage of the coin he gets to decide what the price is which CAN be a bad thing. It could be a good thing if he unloads his coins and people are still interested in buying and we stabilize at a higher price, but again the person with the most money and with the most twitter followers gets too much control of the market/hype

You do seem to have got a bee in your bonnet about this, why? As long term holders, none of this makes any difference to us any way?

[colinfx]

faucet at http://pinoycrypto.com/faucets/blackcoin/ just dried up.  you can donate to B5UenFHx6etTTmxTFY2VoqsmRfznP7cLy5 so people will benefit from the faucet.

Here's another brilliant idea brought to you by, yours truly!

Everyone mining in the coming multipool should be required to donate 0.5-1% of their BC income to community faucets.

+1

Agreed!

[theneos]

faucet at http://pinoycrypto.com/faucets/blackcoin/ just dried up.  you can donate to B5UenFHx6etTTmxTFY2VoqsmRfznP7cLy5 so people will benefit from the faucet.

Here's another brilliant idea brought to you by, yours truly!

Everyone mining in the coming multipool should be required to donate 0.5-1% of their BC income to community faucets.

+1

Agreed!

+1  that would be great. I've given almost half of the bounty i received for setting up the forum to the giveaway and initial funding for the faucet.  my personal fund's almost dry as well so it will be hard to fund the faucet for a long time. lol

[Lokken86]

I hope it drops back to 600 again so I can pick up shiny new cheap BC with the profits iv made.

[ski92]

why is coinmarketcap reporting the value at $ 0.092  

[goodluck0319]

do u guys know where to calculor BC profit?

[oldmarsh]

Reminder that the twitter whales bought in at 500 satoshi and can dump on you whenever they want

No they didn't, the price flatlined at 500 but with such low volume, a 1 BTC order pushed it over 600 sat

The price was at ~500 for 3 days with 30+ 24/h BTC volume
They aren't going to pump a coin that they didn't already buy in at the low

The daily 24 hour volume was actually 11 BTC when it was at 500.

I'm positive it was higher than 11 BTC and it has been in 500-650 for more than three days which would be atleast $24 000

It was at 11 BTC a few hours before it started getting pumped.

Please peddle your crackpot theories elsewhere. We get it, you sold your blackcoins and now you want the price to fall.

Since you guys are sadly clueless as to how pumps and in general markets work (I bet you have been holding you coins since day one) I will try to teach you something



Each black line represents one day and let's pretend 11BTC volume that you are saying, even though I know it was atleast 30 for 2 of those days.
In total that is a, according to you at least, 55 BTC volume over the 5 days it was trading at an average of 530~ satoshi.
Even if a whale had bought half of that, that is 27~ BTC or about 5 000 000 black coin.
He is then free to dump that whenever he wants to bit by bit, and also have near complete control over the market because he can force panic sells/buys whenever he puts up buy or sell walls.
No, I'm not saying the pump is over. He has obviously sold some though because he is nearing 200% profit. I'm saying it is risky to buy in now because you have no idea what his/the group of whales' target is.
But of course the whole idea of a pump and dump or manipulating market is just a crackpot theory and NEVER happens, especially in crypto markets (LOL )

BTW, yes I did sell my black coin because I am not an idiot and have at least some clue how markets work.


BTW, I also have been buying back at a decent price because I am not an idiot and have at least some clue how markets work.


TL;DR
You should educate yourself before you try to play with these big boys

If you want to try to play with the big boys you will need to trade HUUGE amounts like like MINEMEPLS here and his whole 50k BlackCoins. Then you have become a master trader like him you can go around threads drawing MS paint diagrams and schooling the others about crypto trading.