CatKiwi
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April 16, 2014, 02:18:18 AM |
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  - If someone has the means they should rip this whale a new asshole. What a complete wanker, we were going up nicely before this. EDIT: Damn! Someone just ate 11.5 BTC of his!  Eventually he will realize that he is not safe to low ball like that and will just sit back. Does anyone even consider it being multiple people selling because they bought low? Its like everybody think there is one whale behind 90% of the coins here... It is one that we know of for sure - He put a 550BTC sell wall up yesterday at 50,000. When the person bought his wall instantly the other two came down with it.
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digicidal
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April 16, 2014, 02:20:50 AM |
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  - If someone has the means they should rip this whale a new asshole. What a complete wanker, we were going up nicely before this. EDIT: Damn! Someone just ate 11.5 BTC of his!  Eventually he will realize that he is not safe to low ball like that and will just sit back. Good. Still confusing as to why you would bother doing things this way. It's not enough to actually dump the market down into lowball buys (assuming he wants to accumulate) and it's guaranteed to get a poor price over all for your coins (assuming he wants to divest). That's the problem with growing too fast - it's possible he's just an idiot that found himself with BC he feels is worthless now that the spike is past and thinks it's all gravvy. Even when things were going nuts yesterday, and I was taking profits - I still never placed a single sell for more than 3BTC and always well between the bigger orders so as not to form a wall... probably made an extra 5BTC doing that. This guy will likely be broke in a week...
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CADguy
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April 16, 2014, 02:23:59 AM |
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HEY all, so you guys aren't subcribed to the blackcoin sub reddit , please do !! http://www.reddit.com/r/blackcoin !!and repost this if you can, it really shows that a suporting community exists when the # of subscribers grows a lot (its double in the last 48 hours  )
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dleader
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April 16, 2014, 02:25:51 AM |
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CatKiwi
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April 16, 2014, 02:26:37 AM |
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  - If someone has the means they should rip this whale a new asshole. What a complete wanker, we were going up nicely before this. EDIT: Damn! Someone just ate 11.5 BTC of his!  Eventually he will realize that he is not safe to low ball like that and will just sit back. Good. Still confusing as to why you would bother doing things this way. It's not enough to actually dump the market down into lowball buys (assuming he wants to accumulate) and it's guaranteed to get a poor price over all for your coins (assuming he wants to divest). That's the problem with growing too fast - it's possible he's just an idiot that found himself with BC he feels is worthless now that the spike is past and thinks it's all gravvy. Even when things were going nuts yesterday, and I was taking profits - I still never placed a single sell for more than 3BTC and always well between the bigger orders so as not to form a wall... probably made an extra 5BTC doing that. This guy will likely be broke in a week... I would wager it is one of the people who proclaimed a while back that they were going to "destroy blackcoin" - that whole resistance towards the Multipool. The beauty is that not only will he consistently make a loss each day by holding the price down and getting his sell walls munched up but each time this happens the market gets a signal "Shit, someone is willing to buy 12BTC at 27,000 - probably going to be safe buying back in then!" But yeah you are right, its not profitable to do what he is doing and we can only assume he is doing it to deliberatly try and destroy the coin - but he can't and he wont. It might take a week or two but eventually he will have exhausted his BC stash and be out of pocket by hundreds of Bitcoin compared to what he would have made had he let the market rise and trickle sell his coins. EDIT: And it's a real plus having a big BTC holder like yourself on the good side, that is, not trying to hold the coin down - When the price rises again it will be because of you and others like you that brought confidence back to the market.
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brioche
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April 16, 2014, 02:26:40 AM |
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 - If someone has the means they should rip this whale a new asshole. What a complete wanker, we were going up nicely before this. EDIT: Damn! Someone just ate 11.5 BTC of his!  Eventually he will realize that he is not safe to low ball like that and will just sit back. Does anyone even consider it being multiple people selling because they bought low? Its like everybody think there is one whale behind 90% of the coins here... 
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\ \ \ \\\\\\\\\\\\\\\\◥◣◢◤//////////////// / / / ❖ North Carolina ❖ First in Flight ❖ / / / ////////////////◢◤◥◣\\\\\\\\\\\\\\\\ \ \ \
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parker928
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April 16, 2014, 02:32:12 AM |
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WHY THE FUCK ARE THEY SAYING BLACKCOIN 100% PREMINED GODDAMIT I AM FURIOUS WHAT ARE YOU DOING ABOUT THIS! ICONIC, SOEPKIP, RAT4, WHY THE FUCK DID THEY DO THAT?ARENT YOU GUYS GONNA CORRECT THIS?
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digicidal
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April 16, 2014, 02:35:22 AM |
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WHY THE FUCK ARE THEY SAYING BLACKCOIN 100% PREMINED GODDAMIT I AM FURIOUS WHAT ARE YOU DOING ABOUT THIS! ICONIC, SOEPKIP, RAT4, WHY THE FUCK DID THEY DO THAT?ARENT YOU GUYS GONNA CORRECT THIS? Woah there. First of all I already commented - it's just awaiting moderation... secondarily, I think that site has an audience of less than 30 based on the content there. It's a non-issue. If an actual site or periodical said something like that with major circulation misrepresented something that horribly, then I could understand - but this 'write-up' will influence no one.
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nonlinearboy
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April 16, 2014, 02:35:38 AM |
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WHY THE FUCK ARE THEY SAYING BLACKCOIN 100% PREMINED GODDAMIT I AM FURIOUS WHAT ARE YOU DOING ABOUT THIS! ICONIC, SOEPKIP, RAT4, WHY THE FUCK DID THEY DO THAT?ARENT YOU GUYS GONNA CORRECT THIS? so excited about BC
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KSGuy
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April 16, 2014, 02:36:39 AM |
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WHY THE FUCK ARE THEY SAYING BLACKCOIN 100% PREMINED GODDAMIT I AM FURIOUS WHAT ARE YOU DOING ABOUT THIS! ICONIC, SOEPKIP, RAT4, WHY THE FUCK DID THEY DO THAT?ARENT YOU GUYS GONNA CORRECT THIS? Someone has a broken cap lock key..lol
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digicidal
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April 16, 2014, 02:38:19 AM |
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WHY THE FUCK ARE THEY SAYING BLACKCOIN 100% PREMINED GODDAMIT I AM FURIOUS WHAT ARE YOU DOING ABOUT THIS! ICONIC, SOEPKIP, RAT4, WHY THE FUCK DID THEY DO THAT?ARENT YOU GUYS GONNA CORRECT THIS? Someone has a broken cap lock key..lol Unfortunately it appears to be working just fine... 
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STT
Legendary
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Activity: 4438
Merit: 1491
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April 16, 2014, 02:39:31 AM |
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Awesome pic, the whales seem so happy  I agree people have similar attitude to blackcoin as they do to doge with its billions and more coins coming or one the ipo coins like panda. As if they can trigger an avalanche of coin selling by setting up big sells, thing is there is no giant amount of coins available so if you sell then someone has to be a buyer. I trade normal markets and this resembles more of a normal setup, forex does have massive dilution from QE or whatever but crypto takes that far to a new level and whales selling are correct most of the time, its a slippy slope Unlike most coins where theres a constant filler of miners dumping coins. I just think the dynamics are different and people still get scared, herd dynamics, sheep in a field and so on but the coin itself is different and I dont think its going to 1 sat any more then I think btc would. If it can be used for useful tasks then its here to stay and price games are secondary. How many coins have ceased mining and relate to some kind of stability in its base. Quark mines but not much, how many others
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parker928
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April 16, 2014, 02:41:18 AM |
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Alright fine i freaked out.
That is not just a small mistake though...that a huge misinterpretation of what is going on...
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hiddensphinx
Legendary
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Activity: 1457
Merit: 1001
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April 16, 2014, 02:43:41 AM |
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Not sure if you guys have read this article about someone buying 1 Billion MEOW (KittehCoin) recently which is 1/25th of the entire Meow coins in circulation. Now look at MintPals voting page and see KittehCoin 7th on the Voting page THIS IS WHAT the WHALES DO they buy majority of coins in circulation AT LOW PRICE and buy votes to get it listed on an exchange and then pump and dump
AND this is what's happening to BlackCoin right nowRead the full article here - http://www.altcoinfever.com/bought-1-billion-kittehcoin/HARPOON THE WHALES!!!!
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STT
Legendary
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Activity: 4438
Merit: 1491
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April 16, 2014, 02:44:31 AM |
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The whales have swallowed the wrong fish then. We just light a fire if I remember the cartoon right :p Alright fine i freaked out.
That is not just a small mistake though...that a huge misinterpretation of what is going on...
You are right, they have used the wrong terminology. But it might explain or relate to many peoples thinking on this. Its the case for the majority of coins that previously the coins were much more available, so it is off base really. Blackcoin took this effect to the extreme, premine is like a swear word 
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.Winna.com.. | │ | ░░░░░░░▄▀▀▀ ░░█ █ █▒█ ▐▌▒▐▌ ▄▄▄█▒▒▒█▄▄▄ █████████████ █████████████ ▀███▀▒▀███▀
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digicidal
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April 16, 2014, 02:53:22 AM |
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Alright fine i freaked out.
That is not just a small mistake though...that a huge misinterpretation of what is going on...
True, but there were literally dozens (and probably hundreds that didn't bother to even post about it) in here yesterday during the frenzy asking about how to solo-mine the coin?!? Absolutely no one knows how to read any more and the constant releases of one shitcoin after another has only heightened the ADHD to insane levels. I understand getting irritated, but at some point it just becomes too commonplace to worry about. All of the coin stats are clearly posted in the first post - but simply because the launch went unnoticed by 90% of the people out there... they all assume it's just another premine/IPO scam - or at least that's what they scream because they missed out on the chance to get virtually free BC (at least in comparison to what it's worth now). Hopefully, they will make corrections to the articles after they read the comments. If not then hopefully someone reading will at least take the time to follow the links (which at least they got right) and we can help them understand the errors at that time. I'm more bullish than ever for BC now... hopefully we got rid of the 'get rich quick crew' and can now have some consistent and reasonable growth over the next couple months... I still expect us to remain in the top 10-15 coins by market cap - even if the 'bleeding' continues for a few days. When we're all still here next month, we'll again have to deal with everyone crying 'premine' and 'scam' etc. There are articles printed every single day saying that BTC is nothing more than a huge ponzi scheme run by a handful of people. There are articles every day posted saying that this country or that country is banning cryptos entirely. And yet every day more and more people read those articles, then research for themselves - and come to a different conclusion. 
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coinpredator(return)
Member

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Activity: 70
Merit: 10
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April 16, 2014, 03:01:57 AM |
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The whales have swallowed the wrong fish then. We just light a fire if I remember the cartoon right :p Alright fine i freaked out.
That is not just a small mistake though...that a huge misinterpretation of what is going on...
You are right, they have used the wrong terminology. But it might explain or relate to many peoples thinking on this. Its the case for the majority of coins that previously the coins were much more available, so it is off base really. Blackcoin took this effect to the extreme, premine is like a swear word  None whales is selling BC! This dump are only a few weak hands, traders, etc. .. Whales already crushed most of them but always have some more Latecomers, and these are jumping off now, just wait for a few days, good time to buy ...
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gpools
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April 16, 2014, 03:12:05 AM |
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1 bc = 1 lambo 
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digicidal
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April 16, 2014, 03:21:08 AM |
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1 bc = 1 lambo  Hopefully a looooong time from now... we need a few days of nice single-digit or low double-digit gains... not more.
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DailyModo
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April 16, 2014, 03:29:32 AM |
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1 bc = 1 lambo  Hopefully a looooong time from now... we need a few days of nice single-digit or low double-digit gains... not more. Every night the coin falls even more i hope we hit the floor already. I cant believe some people claiming this one would be trading at over 100k today and 1$ in a few days. Giving false hope and sending people into their pump game.
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