[ANN][BLKT] BlackToken | BITTREX IN WALLET | TOR | POS | P2P CHAT | MIXER

[GaliX]

been on a good rise for quite some time.

and now a few dumps again...

I really dont understand... Why the fuck would you dump at these prices...  

anyway... got some small buyorders set.. dump some more people!  

just got few new btc, maybe I will buy even more at this prices.

you just need 0,2 btc to double the price to 6k, whoever sells under 3k is stupid. The spread is just too big to sell under 3k..

The dev. does a great job for now! This could get get 10x if a few whales decide to spear a few coins in this coin. We are just at 50 btc market cap. Just take a look at every "big" altcoin. They stagneted at low prices for a long time before it explodes.

[yellowduck2]

been on a good rise for quite some time.

and now a few dumps again...

I really dont understand... Why the fuck would you dump at these prices... 

anyway... got some small buyorders set.. dump some more people! 

Market Can Remain Irrational Longer Than You Can Remain Solvent

[JakeThePanda]

Market Can Remain Irrational Longer Than You Can Remain Solvent

That quote was really meant for leveraged trades, so it's a good thing you can't trade BlackToken on margin.  The quote is correct though.

[yellowduck2]

Market Can Remain Irrational Longer Than You Can Remain Solvent

That quote was really meant for leveraged trades, so it's a good thing you can't trade BlackToken on margin.  The quote is correct though.

I hope leverage trade don't come to alt coin. It created chaos on bitcoin recently.

[JakeThePanda]

Market Can Remain Irrational Longer Than You Can Remain Solvent

That quote was really meant for leveraged trades, so it's a good thing you can't trade BlackToken on margin.  The quote is correct though.

I hope leverage trade don't come to alt coin. It created chaos on bitcoin recently.

You can trade Darkcoin and Litecoin on margin at Bitfinex

[JakeThePanda]

Anyway, my opinion is the mkt cap on BlackToken is much more rational then most of the coins overvalued at 1mm+.  Everyone rationalizes a coin as being undervalued based on the fact that XYZ is trading at a high market cap, but nobody thinks about the reverse scenario.  Maybe, just maybe we should stop to think that most coins are way overvalued.  Personally, I'm leaning more towards most coins are very overvalued.  I would short 80% of the coins in the top 20 if I could.

[roslinpl]

been on a good rise for quite some time.

and now a few dumps again...

I really dont understand... Why the fuck would you dump at these prices... 

anyway... got some small buyorders set.. dump some more people! 

You should learn to earn coins during those dumps :-)

Yesterday I earned 200 coins just by doing one sell and one buy :-)

I don't like pump and dumps as I prefer more stable markets but in a same time it is a possibility to  multiple your coins :-)

[Cryptocoinrank.com]

█ ★BlackToken (BLKT) █→ Now Live on: http://www.cryptocoinrank.com/BlackToken







Hope you and the community like it. For a brief description about www.cryptocoinrank.com see: https://bitcointalk.org/index.php?topic=579901.0

Enjoy 

[roslinpl]

█ ★BlackToken (BLKT) █→ Now Live on: http://www.cryptocoinrank.com/BlackTokenHope you and the community like it. For a brief description about www.cryptocoinrank.com see: https://bitcointalk.org/index.php?topic=579901.0

Enjoy  

Yes we like it!
If that can help to support BlackToken and will make the information about it more loud - sure we like it!

Thanks for adding BlackToken!

[JakeThePanda]

Sorry guys.  I saw a low price and had to pick up 20k.

[roslinpl]

Sorry guys.  I saw a low price and had to pick up 20k.

Saw that.

No need to say sorry. Feel free to buy as much as you can =) I am waiting for some found to grab some more too.

Do you think that price will drop once again in next 12h or for now we will start a green phase only?

[JakeThePanda]

Sorry guys.  I saw a low price and had to pick up 20k.

Saw that.

No need to say sorry. Feel free to buy as much as you can =) I am waiting for some found to grab some more too.

Do you think that price will drop once again in next 12h or for now we will start a green phase only?

Of course it could go lower, but it just came off so much from the high that I figured I can jam the offers and still get a good price.

[BlackToken]

Sorry guys.  I saw a low price and had to pick up 20k.

Saw that.

No need to say sorry. Feel free to buy as much as you can =) I am waiting for some found to grab some more too.

Do you think that price will drop once again in next 12h or for now we will start a green phase only?

Of course it could go lower, but it just came off so much from the high that I figured I can jam the offers and still get a good price.

I would not worry about the price right now. We have big plans for BlackToken I am going to a bitcoin meetup today to spread the word about BlackToken. Wallet GUI updated is still underway and a fix for the P2P Chat. Much more in store for BlackToken.

[rhkazani1]

Sorry guys.  I saw a low price and had to pick up 20k.

Saw that.

No need to say sorry. Feel free to buy as much as you can =) I am waiting for some found to grab some more too.

Do you think that price will drop once again in next 12h or for now we will start a green phase only?

Of course it could go lower, but it just came off so much from the high that I figured I can jam the offers and still get a good price.

I would not worry about the price right now. We have big plans for BlackToken I am going to a bitcoin meetup today to spread the word about BlackToken. Wallet GUI updated is still underway and a fix for the P2P Chat. Much more in store for BlackToken.

Awesome, thanks for the update, good luck on your meeting!

[GaliX]

just for those of you who are still skeptical and worried about the investment.

Take a look at DuckNode (XDN) it was traded for ~5 satoshis (super high Coin number) for quiet some time.
Now the developer brought a few releases out an they have a quiet good looking 20 satoshi. That's over 400% in a few weeks.

 BLKT is still new and young. Once our dev. brings some cool things out we will also so an at least 400% and stay there with even more potential. Since DuckNode doesn't even provide anything special beside CPU only mining and a few gimicks I would say it's very likely, BLKT has much more on the road map and once the developer proofs he isn't just a scammer but delivers, this will shoot up.

Just don't panic when the prices falls 50% fast because the order-book is pretty thin. If you sell at 3k you will most likely not be able to buy cheaper. Just invest like 0,5btc if you can effort it and stay calm you can likely get 2 btc out of this in a few weeks if the dev. does what he looks like doing.

[jiapetz]

just for those of you who are still skeptical and worried about the investment.

Take a look at DuckNode (XDN) it was traded for ~5 satoshis (super high Coin number) for quiet some time.
Now the developer brought a few releases out an they have a quiet good looking 20 satoshi. That's over 400% in a few weeks.

 BLKT is still new and young. Once our dev. brings some cool things out we will also so an at least 400% and stay there with even more potential. Since DuckNode doesn't even provide anything special beside CPU only mining and a few gimicks I would say it's very likely, BLKT has much more on the road map and once the developer proofs he isn't just a scammer but delivers, this will shoot up.

Just don't panic when the prices falls 50% fast because the order-book is pretty thin. If you sell at 3k you will most likely not be able to buy cheaper. Just invest like 0,5btc if you can effort it and stay calm you can likely get 2 btc out of this in a few weeks if the dev. does what he looks like doing.

That's how I felt about coins before. But I've since learned that the "innovation will bring volume" mindset is rather naive.

These coins that get a lot of attention and a lot of trading reach that sort of volume and price because of exposure from whales and big name personalities. A coin's success (in terms of the market, volume, price, etc) is partly innovation and development and partly marketing and PR.

Examples: XBC for which I was PR coordinator, had no innovative features. It was simply a low-supply POS coin, with a broken POS wallet to begin with. We patched up the wallet and did some aggressive marketing and PR, and it was noticed by a lot of people in the trollbox as well as a few whales. The price went from 0.001 all the way to 0.045 (4500% increase). On the other hand, look at all these already-established coin brands that, in their own ways, produced various types of innovation (ECC, MINT, BC in the early days); these coins all brought something new to the table, yet that innovation did not bring trade volume and price rises. In the case of BC, they launched a good PR campaign as they rolled out their multipool and various developments which caused the price to run from a couple thousand satoshi to 90k satoshi.

I'm not downplaying the importance of innovation and development in any way, and realize how hard the dev is working in bringing out these updates, which I'm sure we all appreciate very much. All I'm saying is that we, as a community, also need to help out with the marketing and PR aspect of the coin. We can let the dev come out with all these cool features, and simply sit back and hope that people take notice, or we can be proactive and start pushing out the Blacktoken brand into trollboxes and spreading the word to these big traders and well-known personalities.

The most opportune time to begin this sort of aggressive campaign, imo, is just days or weeks before a big feature release (such as the tokenmixer beta, or the launch of the p2p tor chat, etc).

Unfortunately for cryptocurrencies, they're not like stocks where increased revenues or new research/development features will be noticed by people immediately and boost market health. Instead, there's no revenue to speak of, and most innovations are simply speculations as to what people may want (no one is sure what features are needed in cryptos in the future, we can only develop and guess at it). Thus, it's up to us to spread the word and bring people in.

[GaliX]

That's how I felt about coins before. But I've since learned that the "innovation will bring volume" mindset is rather naive.

These coins that get a lot of attention and a lot of trading reach that sort of volume and price because of exposure from whales and big name personalities. A coin's success (in terms of the market, volume, price, etc) is partly innovation and development and partly marketing and PR.

Examples: XBC for which I was PR coordinator, had no innovative features. It was simply a low-supply POS coin, with a broken POS wallet to begin with. We patched up the wallet and did some aggressive marketing and PR, and it was noticed by a lot of people in the trollbox as well as a few whales. The price went from 0.001 all the way to 0.045 (4500% increase). On the other hand, look at all these already-established coin brands that, in their own ways, produced various types of innovation (ECC, MINT, BC in the early days); these coins all brought something new to the table, yet that innovation did not bring trade volume and price rises. In the case of BC, they launched a good PR campaign as they rolled out their multipool and various developments which caused the price to run from a couple thousand satoshi to 90k satoshi.

I'm not downplaying the importance of innovation and development in any way, and realize how hard the dev is working in bringing out these updates, which I'm sure we all appreciate very much. All I'm saying is that we, as a community, also need to help out with the marketing and PR aspect of the coin. We can let the dev come out with all these cool features, and simply sit back and hope that people take notice, or we can be proactive and start pushing out the Blacktoken brand into trollboxes and spreading the word to these big traders and well-known personalities.

The most opportune time to begin this sort of aggressive campaign, imo, is just days or weeks before a big feature release (such as the tokenmixer beta, or the launch of the p2p tor chat, etc).

Unfortunately for cryptocurrencies, they're not like stocks where increased revenues or new research/development features will be noticed by people immediately and boost market health. Instead, there's no revenue to speak of, and most innovations are simply speculations as to what people may want (no one is sure what features are needed in cryptos in the future, we can only develop and guess at it). Thus, it's up to us to spread the word and bring people in.

You are right.
A big concern for a lot of people is I guess the 10% premine. We have to find a solution to create some trust regarding this problem. Nobody can promis the dev will just dump these 10% at once, wipe out the order book and just disappear. This will always keep pressure on the buy side.


We should search for a use of these coins. Something like the Darkcoin MasterNode thing does. So the dev still is in control of the coins but they actually provide an active use for the hole project.

Maybe it's somehow possible to connect the BlackToken Mixer with BTC and provide the premine as liquidity or something like that. Like: "Send BTC to the mixer, set a delay time and get the BTC mixed over the BlackToken Mixer and receive BTC with no track." But I have no Idea if this is even somehow possible. Just would need to create a small privat exchange that is operating on the blockchain the make people trust everything.

Creating bounties and so on would also reduce the concerns of people about the premine.

Don't get me wrong, the developer deserves in my opinion a pre-mine. It's also encouraging the developer to work on the coin as well as a payment for the work. But with the history of the developer and the current scams going on this will scare away a lot of investors.

[Hatch]

You should learn to earn coins during those dumps :-)

Yesterday I earned 200 coins just by doing one sell and one buy :-)

I don't like pump and dumps as I prefer more stable markets but in a same time it is a possibility to  multiple your coins :-)

And mightn't you have any suggestions about the best way to go about learning to do that? 

[jiapetz]

You should learn to earn coins during those dumps :-)

Yesterday I earned 200 coins just by doing one sell and one buy :-)

I don't like pump and dumps as I prefer more stable markets but in a same time it is a possibility to  multiple your coins :-)

And mightn't you have any suggestions about the best way to go about learning to do that? 

Read some books on technical analysis to understand the concepts. Most of the things you learn apply very loosely to crypto markets though because of how much manipulation goes on in altcoins (also due to the very low volumes). Most TA tools are more used for stocks and securities with high volumes, where markets are not as volatile.

Get a feel for where the volume and price is going and where the key levels are for support and resistance. Example: If there's big resistance in the sells, with low volume and a thin buy side, it's probably best to dump into the nearest buy wall and set up some lower buy orders to catch the imminent dump.

[JakeThePanda]

You should learn to earn coins during those dumps :-)

Yesterday I earned 200 coins just by doing one sell and one buy :-)

I don't like pump and dumps as I prefer more stable markets but in a same time it is a possibility to  multiple your coins :-)

And mightn't you have any suggestions about the best way to go about learning to do that?  

Read some books on technical analysis to understand the concepts. Most of the things you learn apply very loosely to crypto markets though because of how much manipulation goes on in altcoins (also due to the very low volumes). Most TA tools are more used for stocks and securities with high volumes, where markets are not as volatile.

I wouldn't waste your time learning TA if you are only trading crypto.  It doesn't apply at all to 99% of alt-coins and you don't need to know TA if you want to be a market maker in a coin by playing the bid/ask spread. One can argue that most TA indicators are horse shit and don't apply to any markets.  IMO, TA is probably most useful in high volume non cash flow products like fiat currencies and commodities futures.  I'm not a big fan for using TA exclusively for stocks, but we don't have to get into that in this thread.