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

[hamm3r]

Why THE F*CK does it always drop when I give a buy order

Probably you're just playing their game. They have been playing with the coin since this morning. It moves from33-40 to 29-33 for a bit, then relocates to 25-20, then moves up again. Noob traders will likely buy around 30 and then sell around 23 thinking they can buy in cheaper... Well.. Think again ;-)  It's the wales game atm.

What was that?

PLEASE. I'm not THAT noob.

I'm in the bitcoin since december. I know what I need to know.

Well, obviously

[dzimbeck]

Let´s Stop talk of whale, no whale is so fool to dump 10K to 20K, is just people panicking, if  there is any whale it's eating all weak hand fish on mintpal, very sad.

Whales are smart and they will sell BC after $ 1.00. belive me

Actually there are whales dumping. Out of the top 40, 10 people have dropped position. Let them off the boat they will feel pretty stupid once it hits $5

Although I believe that the BC can rise again (it's gonna be difficult though), I barely think it will ever reach 5$...

Of course it will hit $5 what "other" coin would you rather be a part of? Litecoin is at 11 dollars. If the big hands cashed out of Litecoin they could drop it to a penny. People will realize how stupid POW is once blackcoin breaks 1-3 dollars. There is more than enough volume on Doge and Ltc and crapcoins to fuel this baby up to #2.

PRESSURE/TIME

[Jesse Livermore]

High volume low at 55k has now been resolved. Off we go...consolidate...new highs....etc

This is where we stand. The top chart shows the high-volume spike down (circled in red) was resolved by the lower-volume re-test. That re-test itself (reaching 46k) also had a relatively high spike in volume, so that could be a re-test target... though it comes with low probability of happening.
The bottom chart shows a longer view of where we are at now. We had a high volume spike up created with a lower volume pullback followed by two relatively low volume bounce-backs,  hence the high volume spike up at 94.5k is the target now assuming we don't get continuous high volume selloffs. So far it seems as though the selloffs are one-off events done by short-term trading 'whales' trying to spook coins loose from weaker hands but to little avail.

Low-volume consolidation for a day or two would be beautiful here overall.

JL

46k re-test turned into a capitulation sell panic it looks like. We just got a re-test of that low on low volume. We are now at 30k'ish.
Fundamentals haven't changed on this crypto. Pool remains large. 94.5k remains open for a re-test. I think we have much larger targets in view now though (potentially 800k+).

JL

[xypher]

BUY guys, BUY!

I don't have anything to buy BC!

This thing shall RISE!

And i guess we didn't see the multipool efect yet.

Of course we saw the multipool effect! It almost passed 50 cents in a day. The multipool does not have infinite money. The cowards that got off their hands will realize later in about a month that selling was the stupidest mistake they ever made.

Sorry, I meant "for today"

[jamieb81]

you were always right JL I hope you still are  

[hamm3r]

High volume low at 55k has now been resolved. Off we go...consolidate...new highs....etc

This is where we stand. The top chart shows the high-volume spike down (circled in red) was resolved by the lower-volume re-test. That re-test itself (reaching 46k) also had a relatively high spike in volume, so that could be a re-test target... though it comes with low probability of happening.
The bottom chart shows a longer view of where we are at now. We had a high volume spike up created with a lower volume pullback followed by two relatively low volume bounce-backs,  hence the high volume spike up at 94.5k is the target now assuming we don't get continuous high volume selloffs. So far it seems as though the selloffs are one-off events done by short-term trading 'whales' trying to spook coins loose from weaker hands but to little avail.

Low-volume consolidation for a day or two would be beautiful here overall.

JL

46k re-test turned into a capitulation sell panic it looks like. We just got a re-test of that low on low volume. We are now at 30k'ish.
Fundamentals haven't changed on this crypto. Pool remains large. 94.5k remains open for a re-test. I think we have much larger targets in view now though (potentially 800k+).

JL

I like reading your stuff mate, keep it up And i sure hope you're right

[que91]

High volume low at 55k has now been resolved. Off we go...consolidate...new highs....etc

This is where we stand. The top chart shows the high-volume spike down (circled in red) was resolved by the lower-volume re-test. That re-test itself (reaching 46k) also had a relatively high spike in volume, so that could be a re-test target... though it comes with low probability of happening.
The bottom chart shows a longer view of where we are at now. We had a high volume spike up created with a lower volume pullback followed by two relatively low volume bounce-backs,  hence the high volume spike up at 94.5k is the target now assuming we don't get continuous high volume selloffs. So far it seems as though the selloffs are one-off events done by short-term trading 'whales' trying to spook coins loose from weaker hands but to little avail.

Low-volume consolidation for a day or two would be beautiful here overall.

JL

46k re-test turned into a capitulation sell panic it looks like. We just got a re-test of that low on low volume. We are now at 30k'ish.
Fundamentals haven't changed on this crypto. Pool remains large. 94.5k remains open for a re-test. I think we have much larger targets in view now though (potentially 800k+).

JL

MAY GOD HEAR YOU.

I WANT TO BUY AN IPHONE SO BAD  

[jamieb81]

BUY guys, BUY!

I don't have anything to buy BC!

This thing shall RISE!

And i guess we didn't see the multipool efect yet.

Of course we saw the multipool effect! It almost passed 50 cents in a day. The multipool does not have infinite money. The cowards that got off their hands will realize later in about a month that selling was the stupidest mistake they ever made.

Sorry, I meant "for today"

don't forget that there is a group buy in effect to buy a MASSIVE rig to put towards the multipool, you can check on the IRC

[traderman]

Guys, I asked one question a few days ago and no answer so far.

What happens to the price of BC when Bitcoin starts to go up?

I believe now everyone knows.

The multipool is currently too small to maintain any sort of real buying to affect price much.

All these fluctuation are due to organized groups with big pockets.

The entire BC pump happened when BTC was tanking, you don't find this timing a little bit odd??

I like BC, but like I said before, these price rises are pure BS!!!!

[rsx19]

gg no re

[dragonmike]

3 things:

1) the big rise had nothing to do with the fundamentals of the coin. Rapid price hikes like these can happen to any coin. It was news/hype driven. Nothing to do with anything specific to BC. This is why it crashed down just like it went up;

2) if you believe in the coin long term (and the coin actually does gain traction, global acceptance, BEYOND a few marketing gimmicks like a black card and being able to buy a few useless promotional items in a single web shop), the price action over the last few days will be completely irrelevant. Note that a healthy concept and a few tech innovations (PoS, quick confirmations) are good things. It doesn't mean they'll be enough to make BC a sure winner though;

3) Do not give too much credit to the multipool. At current prices and 10Gh/s it'll be generating very roughly between 150'000 and 200'000 BC per day. That is nice by all means but HARDLY going to provide any sort of strong protection against dumps.

I'm hoping BC will develop into a great coin. I really do. This is why I switched from mining on standard multipools onto blackcoinpool. But people, please stop going all crazy about short-term price action, it's ludicrous.

[YAdaminer]

So it seems we got BLACK TUESDAY SALE  

[dzonikg28]

and dont thing multipool is small ..even with this dump its still rising ..now http://blackcoinpool.com/ 11000mh/s on scrypt..that is preaty big number

[dzimbeck]

BUY guys, BUY!

I don't have anything to buy BC!

This thing shall RISE!

And i guess we didn't see the multipool efect yet.

Of course we saw the multipool effect! It almost passed 50 cents in a day. The multipool does not have infinite money. The cowards that got off their hands will realize later in about a month that selling was the stupidest mistake they ever made.

Sorry, I meant "for today"

don't forget that there is a group buy in effect to buy a MASSIVE rig to put towards the multipool, you can check on the IRC

Hmm can I get in on that? How are they putting that together?

[Coinler]

who's up for placing all our bids at 30ksat and pile up a humoungus buy wall lol

[blade87]

At least miners could get 2-3x the amount of BC at today's prices than yesterday's.

[toknormal]

If you think there are coins with more potential then why are you invested in BC? Besides speculation and pages of useless opinions do you bring anything to this community to help BC grow?

I helped BC to grow by buying it LoL. What else to you want potential investors to do ?

For all you know, once the dumps start half the fanatics posting on here will all have scurried and I'll still be here holding because I know what I bought. (From all the over obsessing about the price, thats what it looks like anyway).

Well here we are in that exact scenario and I didn't join the dumpfest.

Wonder if IconicExpert is still holding his

[dzimbeck]

Guys, I asked one question a few days ago and no answer so far.

What happens to the price of BC when Bitcoin starts to go up?

I believe now everyone knows.

The multipool is currently too small to maintain any sort of real buying to affect price much.

All these fluctuation are due to organized groups with big pockets.

The entire BC pump happened when BTC was tanking, you don't find this timing a little bit odd??

I like BC, but like I said before, these price rises are pure BS!!!!

Not sure what you are trying to say. The blackcoin price went up in a down market because people were excited as hell about it. And nobody really noticed the coin intil a few days ago. Blackcoin is not Bitcoin it behaves on its own. That is a GREAT sign! It means we aren't dependent on Bitcoin entirely. Also only 10 whales cashed out and they lost their positions. These price rises have everybody really excited so relax and enjoy the ride!

[Peter R]

Blackcoin resembles Quark in that it is practically premined and its price can be decided by the preminers. Quark made the preminers rich when the premine ended and pump began, but it has been going down since taking the sheep with it. Don't buy blackcoin.

You my sir...

Risto is correct.  Blackcoin will likely fail because the initial distribution of coins was economically inefficient and will not be perceived as legitimate by the larger cryptocurrency community.  

Although I believe the type of "innovation" that Blackcoin represents shifts marginal wealth away from endeavours that are productive to the cryptocurrency community, I must admit your multi-pool concept produced the most "innovative" price chart I've yet seen.

[JamesR1]

At least miners could get 2-3x the amount of BC at today's prices than yesterday's.

Today isn't actually over though.