jonnysomething (OP)
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Activity: 98
Merit: 10
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March 15, 2014, 01:10:16 AM |
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I've been reading in to BlackCoin since the pump a little bit ago and decided to buy in and start mining on the multipool.
I believe it's going to destroy other coins. Sure, there will be dumps, but right now the multipool I'm on is at 430mhs so it's taking 4+ btc a day from other coins and putting it back in to BlackCoin, which will only grow if it becomes more popular. At current price, that's 200,000 coins a day bought from dumpers that would be brought back in, and again, that number will only grow if it becomes more popular.
This is all my opinion, feel free to debunk.
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DieJohnny
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Activity: 1639
Merit: 1006
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March 15, 2014, 01:28:19 AM |
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I've been reading in to BlackCoin since the pump a little bit ago and decided to buy in and start mining on the multipool.
I believe it's going to destroy other coins. Sure, there will be dumps, but right now the multipool I'm on is at 430mhs so it's taking 4+ btc a day from other coins and putting it back in to BlackCoin, which will only grow if it becomes more popular. At current price, that's 200,000 coins a day bought from dumpers that would be brought back in, and again, that number will only grow if it becomes more popular.
This is all my opinion, feel free to debunk.
sounds stupid to me |
Those who hold and those who are without property have ever formed distinct interests in society
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jonnysomething (OP)
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Activity: 98
Merit: 10
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March 15, 2014, 01:33:09 AM |
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I've been reading in to BlackCoin since the pump a little bit ago and decided to buy in and start mining on the multipool.
I believe it's going to destroy other coins. Sure, there will be dumps, but right now the multipool I'm on is at 430mhs so it's taking 4+ btc a day from other coins and putting it back in to BlackCoin, which will only grow if it becomes more popular. At current price, that's 200,000 coins a day bought from dumpers that would be brought back in, and again, that number will only grow if it becomes more popular.
This is all my opinion, feel free to debunk.
that 430mhz is not correct, you should mulitply that with 3.5. the dev will correct it after the beta  So it's actually around 1500? So about 15 BTC invested daily just from the multipool. That's incredible. sounds stupid to me
Appropriate username. Why does it sound stupid to you? Are you not a miner? Do you not like money? |
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qiwoman
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March 15, 2014, 01:53:06 AM |
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WOW I wish I could mine but this is good keeping miners active and happy can only be good for black coin holders and buyers so those holding for long term have only to gain from this lovely buzzing mining activity. |
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damiano
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Activity: 1246
Merit: 1000
103 days, 21 hours and 10 minutes.
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March 15, 2014, 02:18:21 AM |
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what happens after all coins are bought up
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lasciv
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March 15, 2014, 02:21:34 AM |
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what happens after all coins are bought up
you really have to mess up this pump.. |
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rbauer85
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Activity: 462
Merit: 250
CAT.EX Exchange
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March 15, 2014, 02:25:36 AM |
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what happens after all coins are bought up
Someone will always be willing to sell. There will never be a time where all coins are bought up. |
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CycleSurfer
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Activity: 189
Merit: 10
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March 15, 2014, 02:29:20 AM |
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Miners can pull out of the pool any time. No guarantees the hash power will be sustained to support the price.
Artificial demand = pump-and-dump.
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jonnysomething (OP)
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Activity: 98
Merit: 10
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March 15, 2014, 06:40:40 AM |
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Miners can pull out of the pool any time. No guarantees the hash power will be sustained to support the price.
Artificial demand = pump-and-dump.
The thing about this is, if you're right and it gets dumped and some people bail from mining, it's okay. When the dump happens, the value of the coin is removed which means less money has to be added daily to sustain the price. So while yes, a dump would hurt the momentary situation, even if it plummeted and only had a few miners it would be able to build itself back up to a point where people will be interested in investing again. This is my very basic understanding of it, I could be wrong. |
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mellomike
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Activity: 84
Merit: 10
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March 15, 2014, 06:57:46 AM |
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I'm a stake holder in BlackCoins ... but why create topics like this? Why the hostility towards other coins? Do you NOT want BlackCoin holders to be liked?
I don't get it...
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Oldminer
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Activity: 1022
Merit: 1001
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March 15, 2014, 07:00:35 AM |
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junk
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jonnysomething (OP)
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Activity: 98
Merit: 10
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March 15, 2014, 08:05:21 AM |
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I'm a stake holder in BlackCoins ... but why create topics like this? Why the hostility towards other coins? Do you NOT want BlackCoin holders to be liked?
I don't get it...
This is not meant to be hostile, this is what I see BlackCoin as. It's literally sucking the life out of other coins. For better, or worse. |
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Fraxinus
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Activity: 1274
Merit: 1000
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March 15, 2014, 08:32:37 AM |
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junk
Said the HERO member with a lottocoin sig xD Atleast post something productive. |
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