Topic: [ANN] Blacknet | IBO for BlackCoin | New code | PoS | No ICO - page 1044. (Read 2510363 times)

+1
I agree, thats exactly my analysis.

+1

Finally someone that makes sense. 

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.

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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.

You need to rest, Roma doesnt got build in a day. its not a tragedy is we don't get to 10.000 today.
If you percieve something fishy remember that you judge for what you know.

Regards
@gonzoucab

It's all fair game. We don't know for sure whether that 36 BTC Wall is even real. We have a 33 BTC Wall down to 9300 ourselves. I still think this is a win if we stay above 9000. And if BC is worth 11K as you predicted, then an investor should see the 36 BTC 9900 Wall as a no slippage buy and munch it right up.

Some buy walls I saw just now:

17 BTC @ 9000
18 BTC @ 9380
15 BTC @  9301-9340


Don't worry mate. The hard work has been done with the marketing. We'll see the effects come in over the coming days. The cream always rises to the top. We're already seeing some interesting activity and big walls coming in.

yep, let the big players fight it out over a limited number of coins.

if a player wants to get in under 10k coins are there.

WOOHOO ! 

Big walls = big players getting involved. I don't think we've ever had such large walls on both sides simultaneously. Maybe it's time we just got used to it?

...13 sat is a bad day ...

Back to BC... I have been watching Mintpal for nearly 24 hours. I am wired on coffee...I am positive something fishy is up...watch the push that is happening...

Mint.. you were the one that bring that name here on this thread, so here are my opinions.

Black have an issue,  low reward POS is the same as a low reward POW. make it less resilient to attacks. and thats a fact.

Mint/black i dont care, i have BOTH and a lot. jejejejej

What i love is the truth, like i always do cuz im a reporter, a gonzo reporter from Venezuela.

@gonzoucab in twitter for all you folks.

I agree that Mint has suffered another crushing day and I feel sorry for bagholders like you who keep trying to spread obvious FUD in the blackcoin topic 

Ps. Mint was premined by the dev and such coins never succeed in this community.

So Ramdom do you agree that market is what is bringing down the price?

I think you're off on this one pal.

Don't try to analyse "walls" in crypto it will drive you mad. + Remember not every wall is a fake or an attempt at manipulation. I've put up a lot of genuine walls in my time (not in BC though).

I will tell the truth...

Its me

Love conspiracy theories, tell me more..

Some people here think I was BSing about "Wall Street Associates" (Not you). Let me explain what has been going on for 24 hours...We would have been above 10,000 since yesterday but someone kept pushing us down. I said it was happening at the time..some people thought I was "paranoid". Early this morning there were organic attempts to get BC above 10,0000 again, and with every attempt it was pushed down. I started noticing someone trying to push us below 9000 this morning so I had a 22 BTC buy floor established. So at 4:45PM EST today another attempt to push BC above 10,000 started, and as soon as momentum started the 36 BTC wall appeared out of nowhere. This is not a coincidence...someone is sabotaging BC for whatever reason.

Thank you too for the efforts.

Don't forget guys, the effect of this marketing drive will also be long term. Building up SEO (search engine optimisation) for blackcoin by listing us on premium respected news sites is a big WIN for blackcoin. People who google blackcoin and investment will hit on those stories in the coming months. It also gives us credibility.

Good work everyone.

18 BTC Buy Wall at 9380!