Blocknet. What's going on?

[Flux0z]

Been following Blocknet for a while, (I know there is already a running thread about it, sorry), and the recent price move the past week is pretty crazy. 150%, expected a huge dump, but it seems like the buy pressure is still on-going. Been watching the order books, and have seen multiple 5k BLOCK orders appearing on the buy side.

This project is "old" from 2014, but they focus on decentralization mainly, which have been talked about over and over and over the past 6 months here and, on Reddit.
Everyone is sick and tired of centralization, but is THAT the reason why the price moved this much?
Their DEX is one thing, they've got first mover advantage on that, and their nodes will profit off of trading fees, but the most exciting part is their decentralized oracle network (XRouter), which is in beta at this stage. You can pull blockchain data from it through their Discord server, which is pretty cool...

Thoughts? Is it still a good buy, considering it's top was $55?

[DosManos]

it is really difficult question
BLOCK holders will tell you that its a good idea to buy
im neutral about it so i can tell you that - its a gamble
you can earn huge amount of money and you can lose

i really dont feel comfortable to invest in this project more than 100$
but can't say not to invest because it really can make you lucky

[VanDeinsberg12]

it is really difficult question
BLOCK holders will tell you that its a good idea to buy
im neutral about it so i can tell you that - its a gamble
you can earn huge amount of money and you can lose

i really dont feel comfortable to invest in this project more than 100$
but can't say not to invest because it really can make you lucky

Anything that related in altcoin is very similar as gamble caused by you are betting on the project itself whether it has a proper development progress or not. Im just feeling curious whether OP is affiliated with blocknet or not.
At least this coin still traded above the ico price and that makes this coin is worth to buy right now but with just a small money caused by it has small liquidity.

[o48o]

I personally think that it might be just right time for people investing to old and cheap coins again that have been moving sideways for a while now. Maybe bottom has been seen and the real reason for the rise of alts is going to be that investors got their confidence back. Good fundamentals doesn't hurt either.

[Flux0z]

I personally think that it might be just right time for people investing to old and cheap coins again that have been moving sideways for a while now. Maybe bottom has been seen and the real reason for the rise of alts is going to be that investors got their confidence back. Good fundamentals doesn't hurt either.

There is no reason Blocknet shouldn't be in the top 100, which I believe investors have realized about now. A few oracle partnerships, and this project is flying straight to top 50 given the fact that they are first movers on DEX developments as well.
This is an old project from 2014, so they've had more time to develop than most other projects, which is why I predict it could easily reach $100+

[boltz]

I think the hype around blocknet has real reason to be here as the devs work so hard on this coin for over 3 years. Besides this I know that this is the last day to make your Government vote and you need 1 masternode to vote so this is another reason why blocknet price is not under 1$ any longer...this will no longer let new comers into blocknet to buy a cheap masternode and then cast their vote.

[CjMapope]

Been following Blocknet for a while, (I know there is already a running thread about it, sorry), and the recent price move the past week is pretty crazy. 150%, expected a huge dump, but it seems like the buy pressure is still on-going. Been watching the order books, and have seen multiple 5k BLOCK orders appearing on the buy side.

This project is "old" from 2014, but they focus on decentralization mainly, which have been talked about over and over and over the past 6 months here and, on Reddit.
Everyone is sick and tired of centralization, but is THAT the reason why the price moved this much?
Their DEX is one thing, they've got first mover advantage on that, and their nodes will profit off of trading fees, but the most exciting part is their decentralized oracle network (XRouter), which is in beta at this stage. You can pull blockchain data from it through their Discord server, which is pretty cool...

Thoughts? Is it still a good buy, considering it's top was $55?

i dont think it will hit a new ATH or anything, but the "Dex Hype" is still real man, should grow still
You, and a few others are really hooked on it it seems, tho personally i think ANY dex that just does it right will win
I look forward to platforms competing for this space in the next year or two Maybe users will get more kickbacks hehe

[Vantage Crypto]

Are you using vcdepth.io for market depth?

[Wh00re]

Been following Blocknet for a while, (I know there is already a running thread about it, sorry), and the recent price move the past week is pretty crazy. 150%, expected a huge dump, but it seems like the buy pressure is still on-going. Been watching the order books, and have seen multiple 5k BLOCK orders appearing on the buy side.

This project is "old" from 2014, but they focus on decentralization mainly, which have been talked about over and over and over the past 6 months here and, on Reddit.
Everyone is sick and tired of centralization, but is THAT the reason why the price moved this much?
Their DEX is one thing, they've got first mover advantage on that, and their nodes will profit off of trading fees, but the most exciting part is their decentralized oracle network (XRouter), which is in beta at this stage. You can pull blockchain data from it through their Discord server, which is pretty cool...

Thoughts? Is it still a good buy, considering it's top was $55?

i dont think it will hit a new ATH or anything, but the "Dex Hype" is still real man, should grow still
You, and a few others are really hooked on it it seems, tho personally i think ANY dex that just does it right will win
I look forward to platforms competing for this space in the next year or two Maybe users will get more kickbacks hehe

Most "DEX's" out there is not truly decentralized though.

Bianance DEX
IDEX
Bisq
Waves DEX

And the list goes on... So easy to fool everyone, by just using the word "DEX" next to your name, to capitalize on the hype, and gain exposure. Blocknet was the first, and to this date the most decentralized DEX out there. Don't get me wrong, I'd love to see more competition as well, as most DEX's lacks liquidity and overall users, long term it's a good bet though.

[Flux0z]

Been following Blocknet for a while, (I know there is already a running thread about it, sorry), and the recent price move the past week is pretty crazy. 150%, expected a huge dump, but it seems like the buy pressure is still on-going. Been watching the order books, and have seen multiple 5k BLOCK orders appearing on the buy side.

This project is "old" from 2014, but they focus on decentralization mainly, which have been talked about over and over and over the past 6 months here and, on Reddit.
Everyone is sick and tired of centralization, but is THAT the reason why the price moved this much?
Their DEX is one thing, they've got first mover advantage on that, and their nodes will profit off of trading fees, but the most exciting part is their decentralized oracle network (XRouter), which is in beta at this stage. You can pull blockchain data from it through their Discord server, which is pretty cool...

Thoughts? Is it still a good buy, considering it's top was $55?

i dont think it will hit a new ATH or anything, but the "Dex Hype" is still real man, should grow still
You, and a few others are really hooked on it it seems, tho personally i think ANY dex that just does it right will win
I look forward to platforms competing for this space in the next year or two Maybe users will get more kickbacks hehe

Most "DEX's" out there is not truly decentralized though.

Bianance DEX
IDEX
Bisq
Waves DEX

And the list goes on... So easy to fool everyone, by just using the word "DEX" next to your name, to capitalize on the hype, and gain exposure. Blocknet was the first, and to this date the most decentralized DEX out there. Don't get me wrong, I'd love to see more competition as well, as most DEX's lacks liquidity and overall users, long term it's a good bet though.

While a LOT of "DEX's" isn't truly decentralized I believe competition is nice. The best possible scenario is not ONE ruling DEX, but a LOT of DEX's. Through DEX API's you'll be able to access them all eventually anyway, making the whole concept extremely decentralized. 

[boltz]

Well blocknet just had its superblock reward vote on-going for the last 2 weeks and now we're gonna assist a new blocknet that will burst in price for sure this year. The community is stronger than never, DAPPS are coming out, their DEX is one of the best and I think a new big exchange is on the move for Blocknet ...I have this feeling that besides Bittrex they will come out with something big and list BLOCK to another BIG exchange.

[stomachgrowls]

Been following Blocknet for a while, (I know there is already a running thread about it, sorry), and the recent price move the past week is pretty crazy. 150%, expected a huge dump, but it seems like the buy pressure is still on-going. Been watching the order books, and have seen multiple 5k BLOCK orders appearing on the buy side.

This project is "old" from 2014, but they focus on decentralization mainly, which have been talked about over and over and over the past 6 months here and, on Reddit.
Everyone is sick and tired of centralization, but is THAT the reason why the price moved this much?
Their DEX is one thing, they've got first mover advantage on that, and their nodes will profit off of trading fees, but the most exciting part is their decentralized oracle network (XRouter), which is in beta at this stage. You can pull blockchain data from it through their Discord server, which is pretty cool...

Thoughts? Is it still a good buy, considering it's top was $55?

Better secure yourself and avoid on getting FOMOed.I believe this is already the peak and dont get yourself caught if it do immediately dump.

Dont know on whats the reason behind but you can read it for yourself regarding on updates.
https://www.coinfi.com/news/blocknet
https://blocknet.co/blog/
https://twitter.com/The_Blocknet
https://discordapp.com/invite/2e6s7H8

[GucciBoy]

Been following Blocknet for a while, (I know there is already a running thread about it, sorry), and the recent price move the past week is pretty crazy. 150%, expected a huge dump, but it seems like the buy pressure is still on-going. Been watching the order books, and have seen multiple 5k BLOCK orders appearing on the buy side.

This project is "old" from 2014, but they focus on decentralization mainly, which have been talked about over and over and over the past 6 months here and, on Reddit.
Everyone is sick and tired of centralization, but is THAT the reason why the price moved this much?
Their DEX is one thing, they've got first mover advantage on that, and their nodes will profit off of trading fees, but the most exciting part is their decentralized oracle network (XRouter), which is in beta at this stage. You can pull blockchain data from it through their Discord server, which is pretty cool...

Thoughts? Is it still a good buy, considering it's top was $55?

Better secure yourself and avoid on getting FOMOed.I believe this is already the peak and dont get yourself caught if it do immediately dump.

Dont know on whats the reason behind but you can read it for yourself regarding on updates.
https://www.coinfi.com/news/blocknet
https://blocknet.co/blog/
https://twitter.com/The_Blocknet
https://discordapp.com/invite/2e6s7H8

True. FOMO is the worst thing you can do. The chart does look extremely bullish though, so it wouldn't surprise me if the price exceeds 25k sat within the next few days, as it did touch 28k just recently.

More and more people seem to want to get in on the next bull cycle, securing a node to cash in on DEX trading fees, no wonder when the DEX itself surpassed a daily volume of more than $100,000 just a few days ago.

[Marckolind]

So it seems like Blocknet's new "Comet Update" enables node owners to STAKE their collateral as well!

Staking & Network Improvements
While the migration to Bitcoin’s v18 codebase brings with it security and network stability, the majority of the improvements will be coming from the decision to move to a single tier block reward system and moving the Service Node list to being on-chain (more on that in the Service Node section below).
As it currently stands with our double tier block reward system, the staker earns 30% of the block reward (0.3 BLOCK) and the Service Nodes earn 70% of the block reward (0.7 BLOCK). There are three primary issues with this setup.
The first issue is that for this system to function it relies on a Service Nodes list as part of the consensus protocol. This means the blockchain requires a non-blockchain based side chain to operate, opening the doors for significant instability because nobody can agree on the list due to it being off-chain. When nobody can agree on the list it results in forks because the list is part of the consensus model which results in nodes banning each other if they can’t agree.
The second issue is that in this old design Service Nodes weren’t able to stake. Because the collateral for a Service Node is 5k BLOCK and we have over 400 nodes, this greatly reduces the security of the network.

Source: https://blocknet.co/introducing-blocknet-comet-mandatory-update/

Pretty interesting, and I really wonder if this will tricker people to buy up nodes again to profit from:

Masternode rewards + Staking rewards
DEX trading fees
Decentralized Oracle Network Fees (XRouter)

This could be one of the triggers for the latest movement, question is, will it keep going up?

[Wh00re]

it is really difficult question
BLOCK holders will tell you that its a good idea to buy
im neutral about it so i can tell you that - its a gamble
you can earn huge amount of money and you can lose

i really dont feel comfortable to invest in this project more than 100$
but can't say not to invest because it really can make you lucky

$100 in a small cap project like BLOCK could easily be 10x'ed if not 50x'ed next bullrun. The charts is looking pretty bullish, got 2 runs, and now seeking support. There isn't much resistance to be honest, so it could easily fly above 50k satoshi again, and from there the sky is the limit.
Blocknet has been evaluated at 700k satoshi in the past, with less going for it, than today..

You do the math

[Karto]

yea the BLOCKNET was an easy gamble
so many threads on this forum talked about this project for the last few months but i ignored it and missed that opportunity
i wont enter now for sure afte that x5
too risky
however there is a lot of room to go up too

[Flux0z]

yea the BLOCKNET was an easy gamble
so many threads on this forum talked about this project for the last few months but i ignored it and missed that opportunity
i wont enter now for sure afte that x5
too risky
however there is a lot of room to go up too

I honestly believe it will re-enter Coinmarketcap's top 100 very soon. A few partnerships could catapult this up along with Chainlink, since they work on the exact same thing, PLUS have a DEX going for them on top of it, along with other things.

I could easily see BLOCK hit $100 eventually with a 1 billion marketcap, you gotta consider that BLOCK is listed on decent exchanges as well, definitely not a "shit coin" by any means.

[Marckolind]

I don't know these days about these old projects. Just because they've been in existence for more than 5 years doesn't mean they've been actively developing for 5 years. Just look at Dogecoin to understand how one of the oldest active altcoins hasn't had much done to it in what almost 3 years now? Maybe it's not ready maybe it never will be but yeah, age isn't much of a meaning in crypto if it doesn't have active users.

Comparing a meme coin with a project that actually HAS had active development for the past 5 years is out of this world man. Blocknet developed and launched the first DEX in the world. The community is very active, and the devs is delivering on everything they've promised thus far.

Do some research, it's not a coincidence it pumped 300% just recently. 

[GucciBoy]

Well blocknet just had its superblock reward vote on-going for the last 2 weeks and now we're gonna assist a new blocknet that will burst in price for sure this year. The community is stronger than never, DAPPS are coming out, their DEX is one of the best and I think a new big exchange is on the move for Blocknet ...I have this feeling that besides Bittrex they will come out with something big and list BLOCK to another BIG exchange.

Next superblock is in about 40 hours, so based on that we could see a new influx of hype around the community, making the price rise further, all depends on the rest of the market I guess.

[maxreish]

It does improves well today. For the update, Blocknet increase it's performance to 4.8%. If you are some kind of a holder from last month, it gives you some profits now. You know that altcoins like blocknet can still perform well like any other altcoins existing in the market. It's just that, blocknet platform's isn't that widely used and investors haven't got interestes to buy this coin.
 
 So it is quite disappointment that from 2018 it costs $53.10 (according to CMC) and now jist $2.4.