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virtualfaqs
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March 24, 2014, 07:20:07 PM |
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This is the third time this pattern has repeated. If you're interested in the price pattern read below.
Pump from 600 to 1400 satoshis. This led to a massive dump back and took a while to recover from. It slowly climbed back up to 1500 and then...
Pump from 1500 to 4900 satoshis. This was an epic pump. The usual daily trading volume spiked up to 1400 BTC traded in a day. It was followed by a massive dump (people taking profit).
Since that last dump which occurred the weekend before last the price has slowly climbed back up from 1600 to 2500 to 3500 to 4500. When it broke 3500 confidence started regrowing very quickly. It hovered around the high 4000's for a while. When it smashed through 5000, I posted here saying this is a very significant sign (it's a very bullish indicator recovering from a dump to break the all time high price) and I predicted a frenzied pump like the last two times (proof here - DO NOT POST SESC LINKS ).
We've now experienced the next pump from 4900 to 9000 satoshis
What is happening now is the next dumping phase. Effectively this is people cashing out there profits. I expect this to last for several days like the last few times. There's no proof of work mined coins being dumped on the market. The only mass coins being released are from people who bought low and who want to realise their profits. Eventually this will stop, and the buying pressure will cause further rises in price.
The market cap of this coin is still peanuts. We could easily triple in price from here. Easily. When I do finally start taking profits from this coin, it's going to be one of the rare coins where I only cash out half and keep the other half in. Because with a coin like this you just don't know what the ceiling is going to be for many weeks.
That's the problem I have. I don't really want to cash out even 50% because I don't know the ceiling. It's not like BTC where it has less explosive growth nowadays and the market cap is so insane. Sure the pump and dumps will come and go, but if the next ATH is just around the corner.... *sigh* |
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According to NIST and ECRYPT II, the cryptographic algorithms used in
Bitcoin are expected to be strong until at least 2030. (After that, it
will not be too difficult to transition to different algorithms.)
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PeterPalmBeach
Sr. Member
 Offline
Activity: 336
Merit: 250
SellALL, BuyBTC
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March 24, 2014, 07:21:16 PM |
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This is the third time this pattern has repeated. If you're interested in the price pattern read below.
Pump from 600 to 1400 satoshis. This led to a massive dump back and took a while to recover from. It slowly climbed back up to 1500 and then...
Pump from 1500 to 4900 satoshis. This was an epic pump. The usual daily trading volume spiked up to 1400 BTC traded in a day. It was followed by a massive dump (people taking profit).
Since that last dump which occurred the weekend before last the price has slowly climbed back up from 1600 to 2500 to 3500 to 4500. When it broke 3500 confidence started regrowing very quickly. It hovered around the high 4000's for a while. When it smashed through 5000, I posted here saying this is a very significant sign (it's a very bullish indicator recovering from a dump to break the all time high price) and I predicted a frenzied pump like the last two times (proof here - DO NOT POST SESC LINKS ).
We've now experienced the next pump from 4900 to 9000 satoshis
What is happening now is the next dumping phase. Effectively this is people cashing out there profits. I expect this to last for several days like the last few times. There's no proof of work mined coins being dumped on the market. The only mass coins being released are from people who bought low and who want to realise their profits. Eventually this will stop, and the buying pressure will cause further rises in price.
The market cap of this coin is still peanuts. We could easily triple in price from here. Easily. When I do finally start taking profits from this coin, it's going to be one of the rare coins where I only cash out half and keep the other half in. Because with a coin like this you just don't know what the ceiling is going to be for many weeks.
That's the problem I have. I don't really want to cash out even 50% because I don't know the ceiling. It's not like BTC where it has less explosive growth nowadays and the market cap is so insane. Sure the pump and dumps will come and go, but if the next ATH is just around the corner.... *sigh* +1 Long term holding. |
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hansolo93
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March 24, 2014, 07:22:43 PM |
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Omg this coin will replace litecoin until next year , and maybe one day it will have half the price of bitcoin...people more and more realising that enviromentally friendly coins are the future! And of course you dont need a high end rig is one of the main reasons why a lot of people getting on blackcoin.
Tl:dr
BLACKCOIN IS THE DAMN FUTURE YOU DONT NEED 10000000000000000 GHASH TO FARM THIS COIN , ONCE YOU HAVE SOME BLACKCOINS YOU START GAINING FROM YOUR PROOF OF STACK, ONCE YOU GO BLACK YOU WONT.... lol Too Long Tl:dr imo nevermind
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mgburks77
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March 24, 2014, 07:23:42 PM |
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This is the third time this pattern has repeated. If you're interested in the price pattern read below. Past performance blah blah blah |
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nunya_coin
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March 24, 2014, 07:30:19 PM |
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blackcoinminer.com or blackcoinpool.com
suggestions? I was using blackcoinpool but it's down now. blackcoinminer.com any good?
ya it's good but the hashrate might take down the node, the pools in new uncharted waters atm  My pool below seems to be handling 150 MH/s but as Zackgeno96 mentioned, this is now turning into a stress test for the failovers. At least I should get a good idea of what kind of setup and bandwidth will be required in the BC P2Pool expansion project. To those mining this failover, please be sure to set a failover of the failover.  Seeing your pool steady over 185 MH/s with the other pools being down. Seems to be handling it well so far. |
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CryptoSteam
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March 24, 2014, 07:33:33 PM |
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Lol. I just sold my handgun to buy blackcoins. Heh heh
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solid12345
Legendary
Offline
Activity: 1246
Merit: 1000
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March 24, 2014, 07:35:54 PM |
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The market cap of this coin is still peanuts. We could easily triple in price from here. Easily. When I do finally start taking profits from this coin, it's going to be one of the rare coins where I only cash out half and keep the other half in. Because with a coin like this you just don't know what the ceiling is going to be for many weeks.
I'm holding myself, look how fast Litecoin grew in price, it only took 3 days to go from 10 dollars to 40. All it takes is a few big whales (talking real ones, not the twitter trolls) with millions in their pockets ready to send this to the moon and make crypto history. |
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lacrossewacker
Member
Offline
Activity: 108
Merit: 10
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March 24, 2014, 07:36:17 PM |
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you will be able to buy many hand guns in the future.  |
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vonBerlichingen
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March 24, 2014, 07:38:50 PM |
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With a handgun you are a smart guy.
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kyma
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March 24, 2014, 07:39:48 PM |
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will someone please explain the this coin to me? no premine I got that... PoS i get too... I guess where I am confused is where coins come from.. as I understand that there is no cap to the amount of coins that will exist in future years according to the FAQ
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MuffinMaster
Sr. Member
Offline
Activity: 1414
Merit: 265
Pepemo.vip
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March 24, 2014, 07:40:31 PM |
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Lol. I just sold my handgun to buy blackcoins. Heh heh
that's a bold move cotton Lets see how it plays out |
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lacrossewacker
Member
Offline
Activity: 108
Merit: 10
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March 24, 2014, 07:41:40 PM |
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will someone please explain the this coin to me? no premine I got that... PoS i get too... I guess where I am confused is where coins come from.. as I understand that there is no cap to the amount of coins that will exist in future years according to the FAQ
as far as I know, there is no more mining. They're just redistributed. I have 3k+ coins. I won't get any more unless I buy low and sell high. Same for everybody else. |
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hansolo93
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March 24, 2014, 07:50:48 PM |
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will someone please explain the this coin to me? no premine I got that... PoS i get too... I guess where I am confused is where coins come from.. as I understand that there is no cap to the amount of coins that will exist in future years according to the FAQ
So far i got it , you basically get also some of the Transaction Fees if you let your wallet unlocked open even more. Sorry for my bad English btw  |
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matu
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March 24, 2014, 07:54:16 PM |
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Sircoss
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March 24, 2014, 08:14:20 PM |
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WTF is happening with cryptorush? Some guy had 2 BTC worth for sell at 6000 sat and now its down for maintenance?
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kyma
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March 24, 2014, 08:18:48 PM |
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will someone please explain the this coin to me? no premine I got that... PoS i get too... I guess where I am confused is where coins come from.. as I understand that there is no cap to the amount of coins that will exist in future years according to the FAQ
as far as I know, there is no more mining. They're just redistributed. I have 3k+ coins. I won't get any more unless I buy low and sell high. Same for everybody else. this here's what I am referring to: How many coins will there be?
There is no fixed amount. up until I read that, you and I were on the same page. Anybody else have any idea under what circumstances would new coins be created? |
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jamieb81
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March 24, 2014, 08:19:06 PM |
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isnt something off or are my dislexia eyes seeing something I shouldnt on cryptoalex : Sell Orders Price Per (BTC) BC Total (BTC) 0.00011890 143.00000000 0.01700270 0.00011999 99.90000000 0.01198700 0.00012000 10147.22497688 1.21766699 0.00020000 500.00000000 0.10000000 on mintpal Sell Orders PRICE (BTC) BC BTC 0.00007459 1.00000000 0.00007459 0.00007460 1.00000000 0.00007460 0.00007461 1.00000000 0.00007461 0.00007462 1.00000000 0.00007462 0.00007463 167.71042366 0.01251623 |
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vizique
Legendary
Offline
Activity: 2404
Merit: 1636
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March 24, 2014, 08:22:01 PM |
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isnt something off or are my dislexia eyes seeing something I shouldnt on cryptoalex : Sell Orders Price Per (BTC) BC Total (BTC) 0.00011890 143.00000000 0.01700270 0.00011999 99.90000000 0.01198700 0.00012000 10147.22497688 1.21766699 0.00020000 500.00000000 0.10000000 on mintpal Sell Orders PRICE (BTC) BC BTC 0.00007459 1.00000000 0.00007459 0.00007460 1.00000000 0.00007460 0.00007461 1.00000000 0.00007461 0.00007462 1.00000000 0.00007462 0.00007463 167.71042366 0.01251623 Looks like chancers to me Would like to be selling BC at those prices right now  |
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freshmeat
Member
Offline
Activity: 98
Merit: 10
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March 24, 2014, 08:22:25 PM |
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DDOS
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artiface
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March 24, 2014, 08:25:06 PM |
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will someone please explain the this coin to me? no premine I got that... PoS i get too... I guess where I am confused is where coins come from.. as I understand that there is no cap to the amount of coins that will exist in future years according to the FAQ
as far as I know, there is no more mining. They're just redistributed. I have 3k+ coins. I won't get any more unless I buy low and sell high. Same for everybody else. this here's what I am referring to: How many coins will there be?
There is no fixed amount. up until I read that, you and I were on the same page. Anybody else have any idea under what circumstances would new coins be created? New coins are created by POS at a rate of 1% annually |
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