Because Blackcoin has turned into a massive ponzi scheme where now the noob army has arrived each believing they were smart enough pick 'the next bitcoin' are gonna get burned and loose their investments, and I don't like that watching that and not saying anything?
In other words: Little Jeff got greedy, jumped in during the unnatural pump with all his 10 Bucks of savings and is now a bitter little Jeff, trolling the BlackCoin thread instead of finally accepting that ONLY HE HIMSELF has been responsible for buying then-overpriced BC and got burned.
Move on, one day you'll be 16 and everything will get better.
If you read my posts you can see I ordered some BC (less than 0.1% of portfolio lol) at 30k when it was 50k and shared that with everyone here. i got those orders within 6 hours. Yesterday I sold at 40k, so I am out of BC with 30% profit and no headache like a lot of here -
Looking at your posts, you said few days ago you bought when it was 46k - so actually you that bought overpriced and now getting burned? If you had followed my advice you might have avoided this? I would advise selling and buying back at 20k if you want.
Lets check back in a few days?
I bought some more at varying prices.
I could still cash out with more than 300% at this moment, why would i be worried?
Stick your advice where it belongs. The funny predictions you and the others are making do always come with the dumps, and when the price goes down to like 28k for SECONDS you start celebrating... dunno if you are a simpleton or if you get paid for this, however it's painful to read.
"why would i be worried?"
- because you are up 300% on this investment and it is turning south. Any normal investor would take profit. 300% not enough lol? And you are being warned by someone who called the prices the last 3 days here that you are calling a simpleton? Goodluck with your new investment career.
Im 100% shure you dont even get the tech. Point of BC..
So.. Keep jumping on hypes
My take on BC is that it was the first successful attempt at a restricted supply model via introduction of POS stake.
The market loved this (less supply = higher price) - what would it do? - and the price rose very quickly.
But this was exploited by people saying this meant BC was the next Bitcoin and everyone IRL would start using it...and built up a whole mantra around that based on belief and greed - in know noobs who still think they just have to 'pick the right coin' then wait 12 months and honestly they will be a millionaire. Lot of people (including me) think there will be several coins eventually compete with bitcoin, but they not even thought of yet as they have to get into peoples wallets so they can buy real stuff with them - so we are going to have many flavor of month coins to that point as new tech is experimented with, and yes, pumped and dumped. So BC you are being sold a story that is unrealistic - you can invest and make some money in it - but if you think its the next bitcoin, its not.
And now a range of stake coins have come out, other color stake coins, continent coins, and coins tweaking the BC supply curve, some of which are providing a lot more profit than BC. (I made 30% on BC in last few days, 10x that on the new POS coins)
So we are at a stage where BC is being tested - there is undoubtedly a sell off in progress - what remains to be seen is how with the *market* react when the dust settles, with a range of stake coins to stare at - how does BC's real value proposition (not the dot com bubble type commenters mostly here) feel then with price perfmance gone and new flavor of the month coins doing quite nicely?
So no one really knows. But it is going to be extremely interesting because the bigger picture here is change in the world and how people use money and decentralization of money, not few people trying to get rich all in on any one coin because they saw that happen on TV, same as what happened to investors in the .com boom.
I am not saying this to try to diss this coin, I am trying to give perspective to where this coin can and can't go so people dont create a massive disaster and put other people of alt coins which is what seems to be happening here.
Different perspective is fine, but then you would suggest going Short and why..
There is a Big difference between POS and POW which should be much more discussed here. when Talking about Long Term value people Must understand POS and its effects..
For Example blocktimes in second range simply would Not be possible with POW
The efficency on W per transaction is outstanding compared to POW. If you scale Bitcoin to bigger dimensions efficiency will get worst..
There are just Security Aspects which im still thinking about
And im just here because bc is the First pos coin. (Without POW at the Same Time)
It has also grown insanely fast, Most important is its acceptance.
Just sayin coinkite
