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

[colinfx]

Professional Analysis - Unexpected Good News


As I have stated before there are many things going on behind the scenes, and this morning I would like to share some promising news with the community. Just before the sell off I hired a professional analyst a friend recommended to take a look at BlackCoin and give me his professional assessment of the financial product. As an investor and businessman I need to be armed with facts and reasonable predictions moving forward into the weeks and months ahead. I am decent with numbers and reading charts, but I believe one should always enlist the help of professionals who are the best at what they do. As an analyst his job is to take emotion out of the equation and stick to the numbers and facts. This morning I received a report with unexpected news that made me immediately purchase more BlackCoins.

First an explanation on what happened within the past week.

1. Some assumed the sudden growth and the sudden sell off of BlackCoin was an orchestrated pump and dump, that was not the case. BlackCoin price explosion was the direct result of people taking notice with all the news coming out over a 5 day period. BlackCoin moving up in the charts quickly garnered the attention of investors looking to ride the wave of the next "hot" coin.

2. When we started trading above 80,000 sat there were many holders who had coins from 5000 sat and under, and for them suddenly having tens of thousands of dollars was to much to hold, so they started selling off. Do not forget there were people with over 100,000 coins and many of these people are students and/or come from poor countries. Also, many of these people are facing hard times and instantly having that much money was too much to hold onto.

3. The sell off caused a chain reaction and people in this forum and other forums thought it was an orchestrated pump and dump and started selling off quickly. The "panic" resulted in a massive sell off because of misinformation.

4. When the sell off subsided we established a floor around 14000 sat because that is where most of the new investors began investing in BlackCoin.

5. If the sell off did not happen we would be trading well above $0.60 cents or more.

What to expect next?

1. The wall set around 40000 sat is not one person, it is multiple people looking to exit. It is the level where investors who got in around 14000k want to exit, and investors who jumped on board around 40000k want to recover their losses. We will see resistance around 40000 sat for awhile until the damn breaks again.

2. We will not see another sell off that massive until we are close to $1.00 and that is when more people will be faced with lots of money and will have no choice to give in to temptation and sell.

3. Around $1.00 is where we will lose the remainder of the "weak" hands, and the "strong" hands will begin to take over and hold strong

So why did I buy more BlackCoins?

1. The sell off did not drive us below our starting point of 7100, and to be trading more than double than the starting point after a massive sell off is almost unheard of in stocks or any other financial product. And to recover in less than 48 hours is nothing less than unprecedented.

2. If the fundamentals remain the same without change, and we continue to grow at our current rate, we will be trading higher than $100 within 12 months. Past results do not predict future results. However, in BlackCoin's case proof of stake gives a constant we can use to make reasonable predictions. Unlike with Bitcoin we do not have to estimate how many coins will be mined and dumped onto the market.
a) We are adding approximately 700 - 1000 new people each week which will eventually spread the current supply thin.
b) With each sell off there will be more new holders added each holding less coins than the previous holders.
c) Supply will become significantly  less as we get closer to $1.00 but demand will increase as well which will cause the price to explode.

3. BlackCoin will grow quicker in price than Bitcoin because there are no new coins being mined to dilute the value. The coins being generated from staking is not enough to dilute the value of the coin

I just explained everything in layman's terms so everyone can understand. This is not an attempt to pump the value, I wanted everyone to be armed with the info I have. I am more bullish on BlackCoin than I was before and I will continue holding until we are #1.

Excellent explanation and awesome analysis. You put a lot of time and work in to that. Very much appreciated

[germsite]

http://blackcoinpool.com/news/an-update-from-the-dev-team/

It's exactly this kind of initiative that has encouraged me to hang on since 1k. There are too many serious people working behind the scenes on BC for the project to be abandoned just like that.

[ArpFlush]

Thanks for the update Iconic.

[colinfx]

http://blackcoinpool.com/news/an-update-from-the-dev-team/

It's exactly this kind of initiative that has encouraged me to hang on since 1k. There are too many serious people working behind the scenes on BC for the project to be abandoned just like that.

+1

The BlackCoin "corporation" is being run like a business, by professionals. This is going far.

[pperdck]

Professional Analysis - Unexpected Good News


2. If the fundamentals remain the same without change, and we continue to grow at our current rate, we will be trading higher than $100 within 12 months. Past results do not predict future results. However, in BlackCoin's case proof of stake gives a constant we can use to make reasonable predictions. Unlike with Bitcoin we do not have to estimate how many coins will be mined and dumped onto the market.

[...]

I just explained everything in layman's terms so everyone can understand. This is not an attempt to pump the value, I wanted everyone to be armed with the info I have. I am more bullish on BlackCoin than I was before and I will continue holding until we are #1.

Does your analyst have good references ? A 100000% increase in a year is a serious statement. Was this announcement taken in account in his calculations ?

[XbladeX]

It's time for another MintPal market choice, and today we're adding a new coin with a 2 letter code that's currently in high demand.

https://twitter.com/MintPalExchange/status/457134244201263104

Sounds good to me.

I really hope it's new BC pairs and not another shitcoin

Aaaand it's Whitecoin...  

Mintpal having made so much money from BC adding shitty BC clone is a move I didn't expect from them to be honest.

LOL WTF without voting ?
If  they add it without vote mintpal will be greedy exchange on market for me.
This is business but they  did it without Voting i think.
While BC has to put some work to get there...

[bctomoon]

how long took a transaction from cryptsy to mintpal ?

[lonely@thetop]

It's not that there's huge 40k resistance it's traders being cautions on upping each other to be the last one being dumped on. Interesting cat and mouse game so far, I wonder where this will lead within 24 hours.

[colinfx]

It's not that there's huge 40k resistance it's traders being cautions on upping each other to be the last one being dumped on. Interesting cat and mouse game so far, I wonder where this will lead within 24 hours.

You have totally misunderstood what a prolonged tight trading range with very high volume means.

Take a look at the charts on MintPal and do a little TA on 24 hours, 3 days and 1 week periods.

[foggy1011]

I love what your doing to blackcoin. Love it!! I have a suggestion to the blackcoin shield that will beneficial to both parties, the miners and holders. Instead of receiving donations for the shield. How about adding a 1% pool fee to be strictly for the shield and as the shield gets bought the purchased BC get givin back to the miners, the more they donate during the mining the more they reseive when the shield gets bought out.

What do you guysthink

[lonely@thetop]

It's not that there's huge 40k resistance it's traders being cautions on upping each other to be the last one being dumped on. Interesting cat and mouse game so far, I wonder where this will lead within 24 hours.

You have totally misunderstood what a prolonged tight trading range with very high volume means.

Take a look at the charts on MintPal and do a little TA on 24 hours, 3 days and 1 week periods.

Which part exactly do you disagree with? We had huge volume sub 25k just 48 hours ago, I don't think all the buyers from that range have exited.

[colinfx]

It's not that there's huge 40k resistance it's traders being cautions on upping each other to be the last one being dumped on. Interesting cat and mouse game so far, I wonder where this will lead within 24 hours.

You have totally misunderstood what a prolonged tight trading range with very high volume means.

Take a look at the charts on MintPal and do a little TA on 24 hours, 3 days and 1 week periods.

Which part exactly do you disagree with? We had huge volume sub 25k just 48 hours ago, I don't think all the buyers from that range have exited.

Resistance at 40k is visible on the charts going back 3 days, also so is the rising support trend. So which information are you looking at to deduce your analysis? If it is just your "gut feeling" fair play, everyone is entitled to their opinion.

See here: https://twitter.com/CryptoDabbler/status/457117125287501824

[lonely@thetop]

It's not that there's huge 40k resistance it's traders being cautions on upping each other to be the last one being dumped on. Interesting cat and mouse game so far, I wonder where this will lead within 24 hours.

You have totally misunderstood what a prolonged tight trading range with very high volume means.

Take a look at the charts on MintPal and do a little TA on 24 hours, 3 days and 1 week periods.

Which part exactly do you disagree with? We had huge volume sub 25k just 48 hours ago, I don't think all the buyers from that range have exited.

Resistance at 40k is visible on the charts going back 3 days, also so is the rising support trend. So which information are you looking at to deduce your analysis? If it is just your "gut feeling" fair play, everyone is entitled to their opinion.

See here: https://twitter.com/CryptoDabbler/status/457117125287501824

I'm mostly looking at present depth charts (https://cryptrader.com/charts/mintpal/bc/btc), and I agree about resistance at 40k just thinking of reasons for it and traders not attempting to break it. I think this won't break without new money entering the market and causing panic buy

[colinfx]

It's not that there's huge 40k resistance it's traders being cautions on upping each other to be the last one being dumped on. Interesting cat and mouse game so far, I wonder where this will lead within 24 hours.

You have totally misunderstood what a prolonged tight trading range with very high volume means.

Take a look at the charts on MintPal and do a little TA on 24 hours, 3 days and 1 week periods.

Which part exactly do you disagree with? We had huge volume sub 25k just 48 hours ago, I don't think all the buyers from that range have exited.

Resistance at 40k is visible on the charts going back 3 days, also so is the rising support trend. So which information are you looking at to deduce your analysis? If it is just your "gut feeling" fair play, everyone is entitled to their opinion.

See here: https://twitter.com/CryptoDabbler/status/457117125287501824

I'm mostly looking at present depth charts (https://cryptrader.com/charts/mintpal/bc/btc), and I agree about resistance at 40k just thinking of reasons for it and traders not attempting to break it. I think this won't break without new money entering the market and causing panic buy

The reason the price is rising gradually is that sellers are not outnumbering buyers, as selling pressure dries at a level the price increases, this will continue as it has for nearly 2 days. Once through 40k the move up to 50k will may be rapid as it is next psychological target. Price will either go through 50k or settle back down to mid-forties area at which time the uptrend will then resume.

[notallthere]

  On Sunday I'm headed to a small to middle sized (around 200-250 people) music gathering. I was thinking of pitching coinkite to the sponsors, and trying to get a few on board with it.
 I'm not much of a salesman, and not sure how to approach this. I'll have the BC investor pdf, and I'm trying to consolidate a small package of coinkite information. I'd really like to get the bar that is sponsoring to start accepting cryptos since it is a college bar.
  Thinking about also putting together some paper wallets to hand out if I can swing it. Just see how it goes.

[XbladeX]

It's not that there's huge 40k resistance it's traders being cautions on upping each other to be the last one being dumped on. Interesting cat and mouse game so far, I wonder where this will lead within 24 hours.

You have totally misunderstood what a prolonged tight trading range with very high volume means.

Take a look at the charts on MintPal and do a little TA on 24 hours, 3 days and 1 week periods.

Which part exactly do you disagree with? We had huge volume sub 25k just 48 hours ago, I don't think all the buyers from that range have exited.

Resistance at 40k is visible on the charts going back 3 days, also so is the rising support trend. So which information are you looking at to deduce your analysis? If it is just your "gut feeling" fair play, everyone is entitled to their opinion.

See here: https://twitter.com/CryptoDabbler/status/457117125287501824

I'm mostly looking at present depth charts (https://cryptrader.com/charts/mintpal/bc/btc), and I agree about resistance at 40k just thinking of reasons for it and traders not attempting to break it. I think this won't break without new money entering the market and causing panic buy

Just we need wait a bit WC was addded to Mintpal ...
Many want join 2nd BC train right now it was pumped to 4000 and dumped in 1100 in 20s lol.
When WC madness will stop BC price will go up.
Many have forget that it was ~1% premined... so it can be easier dumped for free.
One guy was promoting here FLT it looks like WC took his pumping BTC to WC lol...
And same time BC is rock.
I personaly don't like greedy action from Mintpal and adding WC without vote becouse BC have to made it on their own to get there.

[colinfx]

It's not that there's huge 40k resistance it's traders being cautions on upping each other to be the last one being dumped on. Interesting cat and mouse game so far, I wonder where this will lead within 24 hours.

You have totally misunderstood what a prolonged tight trading range with very high volume means.

Take a look at the charts on MintPal and do a little TA on 24 hours, 3 days and 1 week periods.

Which part exactly do you disagree with? We had huge volume sub 25k just 48 hours ago, I don't think all the buyers from that range have exited.

Resistance at 40k is visible on the charts going back 3 days, also so is the rising support trend. So which information are you looking at to deduce your analysis? If it is just your "gut feeling" fair play, everyone is entitled to their opinion.

See here: https://twitter.com/CryptoDabbler/status/457117125287501824

I'm mostly looking at present depth charts (https://cryptrader.com/charts/mintpal/bc/btc), and I agree about resistance at 40k just thinking of reasons for it and traders not attempting to break it. I think this won't break without new money entering the market and causing panic buy

Just we need wait a bit WC was addded to Mintpal ...
Many want join 2nd BC train right now it was pumped to 4000 and dumped in 1100 in 20s lol.
When WC madness will stop BC price will go up.
Many have forget that it was ~1% premined... so it can be easier dumped for free.
One guy was promoting here FLT it looks like WC took his pumping BTC to WC lol...
And same time BC is rock.
I personaly don't like greedy action from Mintpal and adding WC without vote becouse BC have to made it on their own to get there.

As each pretender falls more attention will turn to BlackCoin. People will eventually work out that innovation cannot be copied.

[Slaxt]

ALL ON BOARD WHITECOIN!

[regnevacs]

im seeing the sell wall of 42btc again.. eat them!!

[colinfx]

ALL ON BOARD WHITECOIN!

Are you joking? First, this is the blackcoin thread. Second, it was premined and already dumped down from 5000 within minutes. Now trading at <1500. Go back to WC thread (if there is one)