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

[heartastack]

Feedback on payout quality compared to expectations please?

Without doing much maths, since I trust the pool guys, I received what I expected. About 25% more than yesterday.
It is in accordance with the price I think.

Great news, thanks.

[CatKiwi]

This is the part where fools by back in thinking they have got a good deal. Let the fireworks commence ;-)

[virtualfaqs]

This is the part where fools by back in thinking they have got a good deal. Let the fireworks commence ;-)

We shall see. The 7500 support looks ok for now. Surprisingly aren't many ask walls up to 8200....

[DLow]

So, I'll ask again maybe this time someone can answer... how many hrs after starting to mine will the first BC show up in my wallet? I mined yesterday for a few hours and have about 1mil valid shares (says so on the pool dashboard) but I haven't received anything? And hearing about people getting low payouts, I obviously only wanted to mine for a bunch of hours to get a first idea of my payout rate, plus my reject shares were incredibly high (I asked 2 times about "low difficulty error" but noone bothered).

i've been mining a few times on the beta pool, never received a payout. didn't bother anymore, coin is doomed to fail eventually.

[CatKiwi]

This is the part where fools by back in thinking they have got a good deal. Let the fireworks commence ;-)

We shall see. The 7500 support looks ok for now.

Oh don't get me wrong its a gamble for sure - but I'm picking these fake buy orders (always the rounded ones that appear and disappear in group) are there to allow a whale to dump on people. He can then use his second account to sell to himself and fill those walls causing more panic selling, or just remove them, causing more panic selling - either way he wins. IF that is infact what is going on here. realistically and judging my the trend and previous performance we should drop down at varying speeds back into the mid 6000s at least. It will take time for holders to lose patience in waiting for the pump that never comes however so I expect it to take around 6-8 hours.

[Varvarin]

This is the part where fools by back in thinking they have got a good deal. Let the fireworks commence ;-)

While I hate seeing folks lose .. someone has to and judging by super slow trade, looks like market jitters, or since it happened already .. twice .. prob just smart money waiting it out. I got a BTC just itching for 6000

[CatKiwi]

This is the part where fools by back in thinking they have got a good deal. Let the fireworks commence ;-)

While I hate seeing folks lose .. someone has to and judging by super slow trade, looks like market jitters, or since it happened already .. twice .. prob just smart money waiting it out. I got a BTC just itching for 6000

Yep, I got out for a 5% profit today at 8100. Not buying back in before 6300 and probably lower to be honest. When you're playing with around 10 BTC you can't afford to jump back before it has well and truly hit rock bottom or at least leveled off with reasonably reliable evidence of an uptrend.

[heartastack]

This is the part where fools by back in thinking they have got a good deal. Let the fireworks commence ;-)

While I hate seeing folks lose .. someone has to and judging by super slow trade, looks like market jitters, or since it happened already .. twice .. prob just smart money waiting it out. I got a BTC just itching for 6000

Yep, I got out for a 5% profit today at 8100. Not buying back in before 6300 and probably lower to be honest. When you're playing with around 10 BTC you can't afford to jump back before it has well and truly hit rock bottom or at least leveled off with reasonably reliable evidence of an uptrend.

10 BTC

[thenukemforall]

Why would BC price goes to 6000? Just asking for an near logical explaination (chart analysis).
If i'm correct, last pump started at around 5900, so if we are going back to 6k, this would be not a good thing imo, hope you are wrong, unless you want to panic people to buy low.

[johnngbluntzky]

Why would BC price goes to 6000? Just asking for an near logical explaination (chart analysis).
If i'm correct, last pump started at around 5900, so if we are going back to 6k, this would be not a good thing imo, hope you are wrong, unless you want to panic people to buy low.

well.. a lot of people here are openly hoping for 6000... so expect 4-5's or a jump back into the 8's from here.

i'm being cheeky.. but it usually seems to be the case when public price speculations are running rampant.

[thenukemforall]

Why would BC price goes to 6000? Just asking for an near logical explaination (chart analysis).
If i'm correct, last pump started at around 5900, so if we are going back to 6k, this would be not a good thing imo, hope you are wrong, unless you want to panic people to buy low.

well.. a lot of people here are openly hoping for 6000... so expect 4-5's or a jump back into the 8's from here.

i'm being cheeky.. but it usually seems to be the case when public price speculations are running rampant.

yeah, before last time, many here hoped for 4000 when we were around 6000, and it never reach below this 5600, so i suppose some people want so much cheap coin have unrealistic expectation. Maybe if BTC crashes below 400$, we will go under 6000, maybe.

[johnngbluntzky]

Why would BC price goes to 6000? Just asking for an near logical explaination (chart analysis).
If i'm correct, last pump started at around 5900, so if we are going back to 6k, this would be not a good thing imo, hope you are wrong, unless you want to panic people to buy low.

well.. a lot of people here are openly hoping for 6000... so expect 4-5's or a jump back into the 8's from here.

i'm being cheeky.. but it usually seems to be the case when public price speculations are running rampant.

yeah, before last time, many here hoped for 4000 when we were around 6000, and it never reach below this 5600, so i suppose some people want so much cheap coin have unrealistic expectation. Maybe if BTC crashes below 400$, we will go under 6000, maybe.

honestly, i've seen no correlation to the price of BTC and the price of BC lately. if anything, i'm guessing the largest effect from BTC prices atm is people who brought all of their holdings to btc-e, stamp, finex, or mt4 for leverage trading, which would leave an absence of traders in the alt markets.

or houbi or okcoin or w/e, if the chinese are trading BC, which i don't think is happening at a large level.

[dzonikg28]

This is the part where fools by back in thinking they have got a good deal. Let the fireworks commence ;-)

While I hate seeing folks lose .. someone has to and judging by super slow trade, looks like market jitters, or since it happened already .. twice .. prob just smart money waiting it out. I got a BTC just itching for 6000

Yep, I got out for a 5% profit today at 8100. Not buying back in before 6300 and probably lower to be honest. When you're playing with around 10 BTC you can't afford to jump back before it has well and truly hit rock bottom or at least leveled off with reasonably reliable evidence of an uptrend.

you play with btc and i with BC ..that is the differece why you have taked 5% and i 50% and more..you probalby buy at 5100 and then sell 5400 happy that you made your 5% and then see that price jumed to 9000 and you were in btc

[CatKiwi]

This is the part where fools by back in thinking they have got a good deal. Let the fireworks commence ;-)

While I hate seeing folks lose .. someone has to and judging by super slow trade, looks like market jitters, or since it happened already .. twice .. prob just smart money waiting it out. I got a BTC just itching for 6000

Yep, I got out for a 5% profit today at 8100. Not buying back in before 6300 and probably lower to be honest. When you're playing with around 10 BTC you can't afford to jump back before it has well and truly hit rock bottom or at least leveled off with reasonably reliable evidence of an uptrend.

you play with btc and i with BC ..that is the differece why you have taked 5% and i 50% and more

I made 5% today. Off one trade (dont do the small trade game). Not sure what you mean however, we both play with BTC and BC unless all you do is buy BC and never sell it in which case you have made a loss today thus far.

EDIT: In response to your added information after posting. Wrong.

[lixxy]

One more question guys, sorry...

What do I need to do for coins in my wallet to start staking? They sit under "balance" and not "unconfirmed" which makes me think they are already ready to stake, however the wallet says not staking because you have immature coins?

[Jabulon]

One more question guys, sorry...

What do I need to do for coins in my wallet to start staking? They sit under "balance" and not "unconfirmed" which makes me think they are already ready to stake, however the wallet says not staking because you have immature coins?

They are not stakeable until after 8 hours.

[Varvarin]

One more question guys, sorry...

What do I need to do for coins in my wallet to start staking? They sit under "balance" and not "unconfirmed" which makes me think they are already ready to stake, however the wallet says not staking because you have immature coins?

Yep, takes a bit of time to start staking. Most PoS coins are 20-45 days, at least BC is very fast stake, even if it's rather crap. 30k stake yielded 0.8 BC, when I had 50k coins was getting 1-1.5 BC a day.

As for the prices .. sure BC hit 10k twice in as many weeks, but then it dropped to 4500 twice in as many weeks. Great for trading if you are on the right end.

There is a ton of BTC waiting for sub 6k .. facts of life. Volume dropped from 1000 BTC to 300 .. few want to sell at this price and even less want to buy.

We may want to support the coins, but not by making someone else richer

[johnngbluntzky]

One more question guys, sorry...

What do I need to do for coins in my wallet to start staking? They sit under "balance" and not "unconfirmed" which makes me think they are already ready to stake, however the wallet says not staking because you have immature coins?

Yep, takes a bit of time to start staking. Most PoS coins are 20-45 days, at least BC is very fast stake, even if it's rather crap. 30k stake yielded 0.8 BC, when I had 50k coins was getting 1-1.5 BC a day.

As for the prices .. sure BC hit 10k twice in as many weeks, but then it dropped to 4500 twice in as many weeks. Great for trading if you are on the right end.

There is a ton of BTC waiting for sub 6k .. facts of life. We may want to support the coins, but not by making someone else richer

Well said!

+1. smartest post i've read in this thread all day.

[grimrog]

This is the part where fools by back in thinking they have got a good deal. Let the fireworks commence ;-)

While I hate seeing folks lose .. someone has to and judging by super slow trade, looks like market jitters, or since it happened already .. twice .. prob just smart money waiting it out. I got a BTC just itching for 6000

Yep, I got out for a 5% profit today at 8100. Not buying back in before 6300 and probably lower to be honest. When you're playing with around 10 BTC you can't afford to jump back before it has well and truly hit rock bottom or at least leveled off with reasonably reliable evidence of an uptrend.

you play with btc and i with BC ..that is the differece why you have taked 5% and i 50% and more

I made 5% today. Off one trade (dont do the small trade game). Not sure what you mean however, we both play with BTC and BC unless all you do is buy BC and never sell it in which case you have made a loss today thus far.

EDIT: In response to your added information after posting. Wrong.

i finally see your patterns...

i have been observing your posts for the last few days and let me get this straight, while i can see why someone follows his own agenda and taking profits out of fools is part of the learning process for them, i most certainly dont like to be played.

We have tested a new low at 7500 - we are on the way up to new highs tonight! 12,000 by Monday.

So when you wrote few hours ago that the bottom has been retested and we are likely to go up to 12k soon, you did so to gain a little bit extra from your sells. And just e few hours later you wrote the exact opposite:

...
I agree with you. Only the religiously attached will mine a coin that incurs a net loss if one were to immediately convert that coin into Bitcoin due to electricity. It really is just gambling when people mine a coin and hope like hell that it becomes profitable in the future. Problem is, we are not seeing any real demand for the coin at this point in time if you take out the impact of the multipool buying up coins and whales playing their games. Notice how these dumps are coming in faster and faster today, we will probably hit 7500 in another hour - simply because 90% of the people that buy in this market are not willing to pay the current price. Those who are paying 7700 and above are simply not able to recognize the downward trend here and are paying more than they need. We were around 4000 Satoshi last week before the pumps began again and got us on an trend upwards. Most people will probably put their money back in between 5000 and 6000 considering most pumps generally result in a slightly higher floor after the dump. Until then we will continue to go down - up to the point were the amount people are willing to buy for = the amount people are willing to sell for in equal volume.

An interesting similarity:

Well It looks like the Pool and the whales have taken the foot of the peddle here - Good - I want to see how low this coin will go without any interferemce. How much is Joe Bloggs willing to pay for it unimpacted by pumps.

Try that for once? You know your influencing the masses when posting these analyses. It may be good for you but not for the coin.

[dzonikg28]

5 btc sell wall on 7800 eaten