Topic: [ANN] Blacknet | IBO for BlackCoin | New code | PoS | No ICO - page 1043. (Read 2510369 times)

BTC profitability depends on the average BC price and standard deviation of the BC price during the 24 hour period. It was so high in the first evaluation because the BC price was rising during that time and therefore had a large standard deviation.

People who mine for quick BTC on the BC multipool should always know that they bet on a rising BC price and that they will be penalized if the BC prize drops. People who mine for BC can even see something positive if the price drops for a day, because then they receive more BC

3 day actualized data from

http://poolpicker.eu/

0.00435015 x MHS CoinShift
0.0034 x MHS hashCows
0.00331 x MHS on blackcoinpool

Profitability is coming down with the price.

we still have a powerful ally ! www.Blackcoinpool.com

Scrypt: 3119.97 MH/s | Sha256: 28.59 TH/s
Miners: (Scrypt: 736 | Sha256: 123)


growing a bit every day, I remember when it could barely get 200 people. now its close to 1000. Time to move those rigs over.

The sell orders were at 9600+ and there was a buy order for a 9550. Someone did a sell order for 9300 and it sent the price down very fast

If I wasn't so tired this morning I would have recorded my screen and uploaded to YouTube. The sell orders were at 9600+ and there was a buy order for a 9550. Someone did a sell order for 9300 and it sent the price down very fast. From what I understand that is not suppose to happen but it did a few times. Many of you were still sleeping when this all was going on. Someone push BC down to nearly 9000 before a push was made to prop it up.

It's more likely to be a large holder waiting for sufficient liquidity to be available for them to cash out.

These alt coin markets are tiny. Look at the order book. It's all decimals of BTC that are on there. There's no liquidity to speak of - unlike, say BTC-e Bitcoin and Litecoin markets. That's why exchanges like BTCe don't bother with other alts. The volume in the mainstream coins is huge - pros that trade 50-100 BTC at a time.

If you have even 1 large holder who has a lot of BC wanting to profit take, you'd see exactly the pattern you've observed: wait for liquidity to emerge, cash out a load, then wait another 10 hours or so for the bid side to "recharge" itself, cash out again, rinse and repeat.

I don't think there needs to be any conspiracy associated with it - and even if there was, they'd still need to have the BC to be able to place the order so there's no material difference to what I've just described.

There are 75 million BC's in circulation. That is quite a large amount. It means that BC is already at a tenth of Peercoin's price corrected for coin supply. So even if it got to Peercoin's valuation it would only be a tenfold gain from here whereas the buy in required would be many hundreds of times the buy in that was needed to get this far.

Taking all this into account, it's not a bad point for a large holder to "get off the bus" since they could take the view that there's more chance of it going down than up from here. THat's what's behind those big sellwalls.

Think of a funnel with the hole plugged. It takes only 10 cc to get a 5 cm rise in water level but a 100cc to get the next 5cm rise. That's where BC is right now.

Yes, just after we go to 100,000 satoshi.

The market can stay irrational longer than you can stay solvent.

The actual statement is that, in a crisis, "markets can remain irrational longer than you can remain solvent." In particular, Keynes was referring to stock market crashes, frequently resulting from panic selling. Asset bubbles consist of wild speculation in stocks, real estate or other assets (in one case, tulips). The assets rise in price far more than is justified by any rational economic analysis. At some point, the bubble bursts, and investors engage in panic selling, which is equally irrational. As a consequence, prices of that asset then fall far below the rational price

Thats what you think is gonna happen?

agree with everything, just to add blackcoin hit 9970 on mintpal


Possibly a fake wall, won't know until tested.

Don't worry about it not being over 10k, the longer in hangs out with solid bids at 9k+ the better the base and the larger the leg up.

what we need is to get the few dozen medium players into hundreds, then thousands.... then.... the world

The market can stay irrational longer than you can stay solvent.

The amount of stocks that I have bought that dropped on good news is laughable. But in the long run things were good.

If I wasn't so tired this morning I would have recorded my screen and uploaded to YouTube. The sell orders were at 9600+ and there was a buy order for a 9550. Someone did a sell order for 9300 and it sent the price down very fast. From what I understand that is not suppose to happen but it did a few times. Many of you were still sleeping when this all was going on. Someone push BC down to nearly 9000 before a push was made to prop it up.

The market can stay irrational longer than you can stay solvent.

The market can stay irrational longer than you can stay solvent.

Than you...However, this is not about it going over 10,000. I want to know why is someone pushing the price down artificially. Everything I said I would do was done. But...A lot of BTC has been spent trying to keep BC from going below 9000 and it should be well above 10,000 now.

Iconic, as far as I'm concerned you've been a success. BC has reached 10K on every exchange, except for Mintpal where it hit ~9900. No need to go overboard now or throw some claims around if it doesn't get there today.

Look at this positive : ~1000 BTC worth of BC has been exchanged at this price level over the past 36 hours. This is actually good, because when we finally do break 10K, this price level we are at now is going to become a very strong support level.

Than you...However, this is not about it going over 10,000. I want to know why is someone pushing the price down artificially. Everything I said I would do was done. But...A lot of BTC has been spent trying to keep BC from going below 9000 and it should be well above 10,000 now.

PS: I am not "using this as an excuse"...it is fact. 

Iconic, as far as I'm concerned you've been a success. BC has reached 10K on every exchange, except for Mintpal where it hit ~9900. No need to go overboard now or throw some claims around if it doesn't get there today.

Look at this positive : ~1000 BTC worth of BC has been exchanged at this price level over the past 36 hours. This is actually good, because when we finally do break 10K, this price level we are at now is going to become a very strong support level.