Wow, 60K BBR dump on polo
and ongoing...
This is actually great for redistribution. Also, there are always going to be retracement after 12x price increases in a week
The ONLY thing BBR is missing right now is organization of its community into one that can get the word out about BBRs fantastic tech, cryptonote, Supernet, etc.
It's time for BBR to grow up and start walking and talking and letting people know what it is and why it exists.
Most people I talk to in the crypto world don't even know what BBR is. They don't even know it exists. BBR has one of the lowest branding awareness of any coin out there. The good news is we as a community can change all that.
I am in process of organizing marketing for BBR. Will be posting more in the next couple of days. It's an exciting time to be accumulating BBR as a long term investment. It's also an exciting time to be organizing a community that should be destined to be one of the largest in the crypto scene.
It's going to take some time and effort and enthusiasm, but it'll be worth it.
Now i also want to write a little bit about speculation, about the Boolberry price and price history.
This are only my personal guess.
Plenty of time ppl guess, now and before, why Boolberry price are low.
I always was thinking it was´t low in reference to network difficulty, but was low on advanced technology, in comparison to other CN-Coins price and of course the excellent developer
crypto_zoidberg.
Price history very rough: hight price in the beginning and constant falling under 15K until end of August.
Difficulty history very rough: roughly steady difficulty over all times until end of August.
That´s mean it was always profitable to mine with a sloping profitability curve over time.
Why?
My assumption:
In the beginning people see the advanced from Boolberry and are willing to pay a price premium.
Over the time market is saturated and the price premium decreased. ((could be of slowly growing community and lack of demand( i don´t speculate here about why)
Now to the miner. In the case of the hight profitability we will assume a lot of professional miner, who are willing to mine only for profit. That mean mine and sell as long as is profitable,
and stop to mine when it is not profitable anymore.
This we see when hashrate drop below 1G in end of August. (and one Professional miner
cbuchner1 point it out here.
https://bitcointalk.org/index.php?topic=577267.msg8498296#msg8498296)
Why the influence of the professional miner are so big?
Long time Boolberry had no pools and be only be able to solo mining. Many altcoin miner are not willing to patient to mine solo.
So what we had? Big professional miner -> good coin distribution, because these sell on market.
Small non professional miner who support the network. -> good coin distribution.
What we have now? Rising price, growing community and more small miner. -> good coin distribution.
When the price rise and it is profitable, professional miner turning EC2 and give coin supply and sell. -> good coin distribution.
So it is good and healthy to see the growing network hashrate and difficulty.
The price seems fair in relation of network difficulty now.
And i´m not worry if some one sell 60K on Poloniex. -> good coin distribution.
I´m very confident that if people get aware of boolberry and his advanced technology, (independent of the SuperNet hype) this coin will have a bright future.
