Topic: 6 reasons why you should buy or hold onto your BlackCoins! - page 3. (Read 2936 times)

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The great thing about Blackcoin is the lack of new coins being dumped onto the market everyday. That creates huge downward price pressure on coins like Litecoin, Bitcoin etc. But not for Blackcoin.

As for the clones of Blackcoin, here is what I posted yesterday before the price of all the clones crashed downwards:

"You'll notice a pattern in this community, a new coin comes along that gets success and then a flood of clones try to cash in on it.

- We saw this with DOGE coin and coins trying to be memes
- We saw this with the IPO wave of coins
- Then we had a wave of "country" coins
- Now the new flavour of the month is 100% POS coins

I honestly think a lot of people are going to get burned if they don't do their research. Either, pick the market leader (for 100% pos it's blackcoin, for meme coins its doge etc) or wait until the next new thing comes along and invest in that. Problem is the next new thing is risky, so you have to be willing to slap your bitcoins down on a coin that is very different and could easily fail.

Best case scenario is they make *some* profit but nowhere near the same as Blackcoin. Worse case scenario is all these coins get drowned out in the sea of new POS clones and crash and burn after the initial hype. Since we've seen the worst case scenario play out three times already on the past few "coins of the month", I see the same happening again."

Whitecoin will do the same, so right now if you invest in Whitecoin your profit will be higher than with Blackcoin. Just my opinion,

dumped by whom? the premine or miners stashes?  I see multipools dumping but this is good, really the price of WC is holding up way better than anyone could have thought for such fast minting.

I consider white coin to have more chance of going x5 from there than bc going x5 from here in the short /med term.

Premine is way smaller than the .75% would suggest in real terms.  The full minting will be done in a another day or two so it really is just 0.75% of the current minting.

Usually when a premine is 1% with other coins it is really 10% or greater for months of coins with years of minting. So can do a lot of damage.

I see BC and WC being pretty much good for each other really .... i would not sell BC for WC though because BC is still going up from here i would guess, so sell other coins if you must or just mine WC while you can.

I agree though buy BC i would expect any portfolio would have 5% or greater bc.

To achieve such pump you need whales to pump BC for you. But the problem with BC right now is its large volume (~3000 BTC) which is hard for whales to pump, they will not do such a risky pump. Whales are moving to other coins with lower volume and price, so much easier for them to pump.

And this is why most people never become rich trading crypto because they do not have a clue what they are talking about.

1. BlackCoin is now part of CoinKite and it will be live on their system June 1st: https://coinkite.com
2. BlackCoin has the first portable wallet that is a branded BlackCoin Card: http://www.blackcoincard.com
3. BlackCoin will be added to Moolah and all related services: http://www.moolah.io

In about another month BlackCoin will be trading well above $1.00 a coin and people will still be thinking it is a "fad"...lol

your points can apply to AUR and MAX too, they were once very promissing. No doubt that BC made a magical pump, but it's still basiccally pump and dump coin. BC is on the peak at the moment, anyone who buy now will become the bag holder.

I made a decent profits on Blackcoin, bought at 0.00002 - 0.00003 and sold at 0.0002. I missed the peak but generally i'm happy with x7 profits.

I'd rather pump BTC on similar coin such as AsiaCoin or WhiteCoin by now because their price are still very low. If they can reach 0.0001 which is 1/9 the peak of BC i would still make a big amount of BTC. Reward/Risk ratio of AC currently better than BC.

If your investment in WC has given you a return of 4x then you should be thankful and sell ASAP. The price of WC will keep deflating because it is being slowly dumped as I type this...

You sound like a crazy man on the street corner screaming about aliens. There are over 74 million coins and 3 people do not control the majority of the coins: http://maarx.nl/maarx.nl/blackcoin/distribution/

Also, please tell me how could $1,746,822    in daily volume be "faked"?

What a ridiculous statement. I invested a fair bit in BC and I'm glad I did but WC is also worth more than 4x what I paid for it at the moment. Can you please explain your logic in suggesting that this was such a terrible idea that I should leave crypto altogether? At the very worst it tanks completely and I get out at the break-even point.

What a fucking scam.
Since to make money in every market you have to buy low and sell high i don't see how 1,2 and 3 are good reasons to buy BlackCoin.
Vast majority of this coin is held by no more then 3 people and they set the price they want and they also counterfeit volume data with fake trades.

Noobs stay away from this coin!

WhiteCoin is pre-mined garbage and it's value keeps decreasing daily because it is being dumped slowly into oblivion. If you made the asinine decision to invest in WhiteCoin you should give up investing in crypto-currencies all together and find a new hobby.

yeh, and everyone pretending WC doesn't exist, or if it does somehow has no bearing on BC price.

BC is being PUMPED ready for the DUMPED

The fact that it has increased so fast is not a good reason to invest 

Going from 50k to 100k is not a tiny task whereas whitecoin going from 1200 sat to 2400 say is more likely...

Investor's Quick Guide

Potential investors often read this forum to determine which coins are good investments or not. If you have been on the sidelines trying to determine if BlackCoin is a good investment or not, here are 6 good reasons why you should invest in BlackCoin.

1. BlackCoin has increased 9820% in value since launching in February.
2. From April 1st to April 21st BlackCoin has increased in value 892%.  
3. In the past week BlackCoin value increased 451.11%. (After the sell off)
4. BlackCoin has a total of $ 1,839,352 in daily trade volume.
5. BlackCoin is currently #3 in trade volume only beaten by Bitcoin and Litecoin.
6. BlackCoin market cap is currently $18,360,767 which puts BlackCoin in 9th place and quickly approaching 8th place.

If we have another week of 451% gains..we could easily be trading well above 200000 sat. Obviously 200000 sat in one week is very optimistic after having a sell off, and past performance does not guarantee future performance. However, if BlackCoin value only increase by 200% this week, we will be trading near 100,000 sat.

So if you are on the sidelines waiting to buy low, forget it! Now is the time to buy BlackCoins. The mid 45,000 sat floor will increase to at least 70,000 - 80,000 sat by the end of the week.