Topic: [ANN] BlackCoin (BC/BLK) | PoS | BlackHalo | Smart Contracts | Anonymous - page 296. (Read 609582 times)

One can lose tens of thousands of dollars in a scenario like this and still gain buying power in BC. All that matters is they push the price down faster than they lose BTC. I guess the question is : will this person of group be able to buy enough coins at the bottom? And the answer to this is always an unfortunate yes.

In fact it is. I fell into this trap more then once. Some other coin is pumped and you sell some good coins to buy into the other pumped coin. Then the other coin is having a correction to a much lower price. After this BC will rise again and you lose you money. Your new coins are worth much less then you bought into. And the original coin (in this case BC) is worth more again so much loss ;-)

Man O man, I am not sure what to do with my BC right now.

 
Is there news from the PR firm recently?

It is not rocketscience.

People sell because at the moment DRK and now also NautiusCoin are way more profitable.

And major dumps for BC are still on-going, no end in sight. Holding BC is not smart at the moment.

Yikes...someone dumped into my order at 15.6K. Didn't think it would have gotten filled.

Wow BC is not the only coins on earth guys. Try to look around you. Every altcoins are slaughtered. A big and organized shake down. Nothing to do with BC personnaly.

The tactic I have seen is big false floors (dozens of BTC worth) which disappear after attracting some buyers at a higher level. The price dumps when the false floor disappears, and those buyers are forced to sell as a stop loss.  False Floor Guy gets the same coins back 20% cheaper.  Then up goes another false floor to bring in the next round of scammed.

Now that's a nice move!
Cheap BC now it's time to buy!!

the person(s) who's manipulate the price, can do this forever right? he/they are loosing money?
still it's not a very good sign to investors

the funny thing is that they actually wait some minutes if finally someone does them the favour to panic beofe the next selldown

Was able to pick up 70k additional on today's action.

Yeah doesn't matter if Blackcoin hits 10k or 5k sat.
1 BC is still 1 BC

You know, this feels like someone is delaying the price rising because they have a shit ton of BTC elsewhere and they want to invest it back into BC.

Maybe someone has been investing in the other new coins coming through and is holding BC back until they cash out.

LOL there again. some 10k sell order at 17200 where the next lowest was 18100.
ridiculous.

yes this is a very beautiful and true point. Now if the sheep could just learn to read i think we would be in business.

Sure..that is to be expected. Similarly in a big uptrend I would expect the distribution to improve as big holders take profits.

haha yeah I agree. But it can also be a jealous millionaire. Maybe they hold 1000000 litecoins or 100000 bitcoins. They may desperately fear multipools. Maybe they think BC is threatening Bitcoin and that Bitcoin is "good for humanity". Of course they would be mistaken. Its crypto thats good and Bitcoin was only the opening act. Its hard to tell. There are people who spend 3K on dinner in 5 star restaurants. People who buy a new rolls royce because theirs has a dent in it. There are people who hate to see others succeed. Maybe they think a pump would just be a plus. Despite all this, I knew something was really weird was going on. The pools hashrate dropped when it should have risen, clones were able to cause some annoyances(which never happened to ltc) and people just disappeared. More importantly every chance the coin had to go up was not even allowed. There has not been a single day for two weeks that we have risen and that is completely un-natural. I think they are sacrificing tens of thousands of dollars to break BC. The only two suggestions are jealousy or greed. I have heard lots of people say one or the other. But literally nobody saw it as natural especially if they looked at the 24 hour charts. Or just look at the weekly chart. This was going on for a long time unnoticed. So the sacrifice may have been 100K usd to crash BC at least. I just hope they were not able to acquire more coins in the process. This is why I am trying like hell to get that pool an incentive or affiliates program. I know black shield is a brilliant defense to this as well. The sooner these things come the better.

I have been buying as I have money available.  My coins will always be off the market and staking.

Someone have to defend coin BTW that is why rich are richer and poor are poor...
Never sell in panic you wont loose 1BC is still 1BC

The distribution has worsened during the downtrend. I think last month the top 100 wallets held about 50% while up to yesterday (before the 1.5 million coin dump) they held about 60%. Kinda like during a recession - the rich get richer since they have the disposable resources to take advantage of underpriced assets during a downtrend.