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

[Jesse Livermore]

High volume high at 29k begging for re-test.

Just to update things now...
Obviously the 29k got re-tested on high volume which got things moving into this 40k region. Wyckoff volume rules state that a break above 40k should likely be accompanied by volume and meet up with the high-volume 60k level we had. Unfortunately, there aren't any high volume targets in the shorter-term to give (the example of a high volume target above from 2 days ago was an easy target to give). Per Wyckoff though we do still have the 95k high volume mark which should get re-tested. Since it appeared on a longer timeframe (it's on the 'max' and the '1-week' Mintpal chart) I wouldn't expect any rush to re-test it.
Per Elliott Wave rules, a break above 40k could have the look of a swift Wave (3) rally which could get us to 60k easily or higher if that comes with volume.
Elliott Wave however also says we could very well be doing a large a-b-c consolidation head-fake for either a large (2) or an unlikely large B correction wave which takes us sideways or back down again (Wyckoff volume rules though say that due to this low volume mode we entered into today, it's not likely to go below the previous 30k or 20k high volume support marks unless someone out there has like 300 BTC-worth of BC they suddenly unload right now...and frankly if someone did that I'd call up my grandma and tell her to buy at that point).

Overall I'd say the tea leaves are pointing up, now whether that comes after some more consolidation or comes immediately.... I couldn't say.

JL

[nrg_wolf]

Did you guys see that - shall not be named - has been aded to craptsy?

you think this coin will die this fast? I suspect a big pump first, followed by a "toilet" flush

just mine -shall not be named- and dump it for my BC, its profitable atm even with difficulty. 0.047BTC with 4mhs is far better then what the multipool has been paying as of late..... more BC to buy

[CADguy]

anybody care to do the honors and pull the trigger on this?

[KingSchultz]

Every day I see new users and new merchants on the subreddit. Building this community further will bring in new support and show the strength of the BLACKCOIN COMMUNITY to the world!

JOIN THE SUBREDDIT: http://www.reddit.com/r/blackcoin

It's growing fast. We're at 915 subscribers. Let's get this to 1,000 and beyond!

If you're not into Reddit, don't worry! It's very easy to get yourself started. Reddit is anonymous in nature, you don't even need an email address to create an account!

[gonzoucab]

ILLUMINATY....

[noerc]

JL

Thanks for your technical analysis, it was as always a pleasure to read it.

[CADguy]

sooooo quiet....  http://www.youtube.com/watch?v=crgB4TyzyXM

[virtualfaqs]

it's all about the money, they knew they could capitalize quickly. and they sure as hell did, a lot of btc traded hands there in the first few minutes of trading. making them substantial % on fee's

they don't care about blackcoin or whitecoin

Exactly, I'm sorry to say, but I would have done the same if I was running mintpal. As an entrepreneur I can relate and what count's in business

is to be stone cold when you want to make $$

I like how quickly everyone forgets about the 50K BC they donated for our coinkite application. BC is open source. Copycat coins are expected. We just have to work with what we have.

[coinpredator(return)]

Only repeating and commenting my analysis on BTC, the bearish pattern is very evident at support buy walls on bitcoin, as I said yesterday, every hour that passes, support buying has decreased on Bitcoin, yesterday BTC support buy walls was U $ 475.00 today is already at $ 450,00. Bitcoin goes to canvas again, great time to buy some Blackcoins with cheap BTC.

[Coinler]

it's all about the money, they knew they could capitalize quickly. and they sure as hell did, a lot of btc traded hands there in the first few minutes of trading. making them substantial % on fee's

they don't care about blackcoin or whitecoin

Exactly, I'm sorry to say, but I would have done the same if I was running mintpal. As an entrepreneur I can relate and what count's in business

is to be stone cold when you want to make $$

I like how quickly everyone forgets about the 50K BC they donated for our coinkite application. BC is open source. Copycat coins are expected. We just have to work with what we have.

this is what the free market is about. the ability to have competing currencies and no central currency issuer. that said.. blackcoin is the pioneer. other copycat coins can only be second to blackcoin at best.

[cryptozaurus]

<@Soepbot> Soepkip has updated the stats for #blackcoinpool! http://www.blackcoin.co/irc/blackcoinpool.html

[virtualfaqs]

Only repeating and commenting my analysis on BTC, the bearish pattern is very evident at support buy walls on bitcoin, as I said yesterday, every hour that passes, support buying has decreased on Bitcoin, yesterday BTC support buy walls was U $ 475.00 today is already at $ 450,00. Bitcoin goes to canvas again, great time to buy some Blackcoins with cheap BTC.

That's good advice if I hadn't sold most of my BTC stash at $425. Haha. I had no choice because the rest was in BC. BC + BTC was too much risk. 

[KingSchultz]

3) Email/Tweet to Mintpal Support/@MintPalExchange asking for BC to be paired with other top altcoins, like DOGE. In light of Cryptsy's recent issues, and seeing as Mintpal has always been Blackpal to us, providing more trading pairs with BC/Altcoin would allow more BlackCoin-focused traders and miners to process more of their activity through Mintpal, which has shown to have better support, uptime, and service to the BlackCoin community - not to mention lower fees. It's a win for all sides if this happens. Let's make it so![/size]

And here's a fantastic reason for ALL exchanges to add BC pairs from user bigbtcconsulting on the subreddit (formatted as an email he sent):

Dear Support,

THIS COIN IS AN ARBITRAGE TRADERS DREAM!!! I frequently trade on Mintpal, Cryptsty, BTC-E, BTER, Poloniex, and Bittrex day trading by taking advantage of the disparity in alt coin pricing on each exchange. I can tell you first hand that this is currently a nightmare with both Bitcoin and Litecoin and generally the most stressful 20-40 minutes ever trying to get BTC from a wallet onto an exchange or from one exchange to the another to attempt to capitalize on the opportunity. Often times due to the confirmation times delaying the availability of my BTC I miss out on a lot of trade opportunities that I otherwise would have taken and find myself only making 1 big trade for fear of missing out on the price and losing my current buying power.

Recently I have been getting into Blackcoin instead of BTC and have realized how advantageous it is as a trader in utilizing arbitrage opportunities between markets thanks to the super fast 10 second confirm times. in the trading world speed = $, and a lot of it. Read Michael Lewis' newest book Flash Boys if you don't believe me.

By offering alt trading pairs with Blackcoin you allow for much more trade volume due to the nature of its confirmation speed and how quickly it is being adopted by traders. faster confirmation times equates to more possible trading opportunities for traders which results in more trades and commission for your site.

Please I strongly urge you to start offering alt/Blackcoin parings on your exchange beginning immediately.

http://www.reddit.com/r/blackcoin/comments/23boif/using_bc_as_a_transference_medium_for_exchange/

The speed is of course a huge advantage for a variety of applications, but because it's so good for arbitrage it should both help Blackcoin's volume AND get even the biggest exchanges to take notice of the volume they could pick up with BC pairs.

Writing your own email is best and this is a big hook to put into it.  

[MuffinMaster]

Blackcoin Mentioned on Money and Tech !

https://www.youtube.com/watch?v=Z4VKByTz3HA&t=105

[CADguy]

time to buy!!

[btcprice]

Good to see this coin break through 40k.

[oblox]

Good to see this coin break through 40k.

You're welcome. I bought the book from 39.5k up to 40.8k

[svojoe]

Dudes... I was >< close to going to bed,  (and trust me it would have been a good time to sleep and you broke out of 40....  WHY!

Wait till normal businesses hours people!

[btcprice]

Good to see this coin break through 40k.

You're welcome. I bought the book from 39.5k up to 40.8k

Where's the Like button on this board? Oh yeah, that's Facebook.

 

Edit: it now looks like someone else is running with the book on this coin.

[Gargo]

http://earncryptocoins.com/blackcoin
this faucet is out of coins. Delete it please