Facts & Assumptions
Everyone is entitled to his/her opinion and I will respect any legitimate argument. However, it seems some facts have been forgotten and/or intentionally ignored.
1.) BlackCoin is less than 2 months old.
2.) It has gained 1440% in value since launching.
3.) BlackCoin is traded on over 17 exchanges and counting.
4.) Myself and a few others are working on some groundbreaking services/products that will help increase BlackCoin value.
As I stated above everyone is entitled to their opinion, and if you feel BlackCoin doesn't have a future then respectfully you should sell, I will happily keep buying your coins. I support BlackCoin not because of emotion or naive optimism, I support BlackCoin because of the developers, community, metrics, and it's future potential. Unfortunately many people who currently trade crypto-currrencies do not have much experience in trading, nor do they have a firm understating of crypto-currencies in general. October 1st 2013 Bitcoin was trading at $127.00, and by November 29th 2013 Bitcoin was trading at $1,109. That is a 773.23% gain, compared to BlackCoin 1440% gain.
Lets do some simple math and predictions based on history and conservative estimates. Based on March numbers lets estimate BlackCoin value will grow a steady 360% each month.
April 30: ¢0.12
May 31: $0.43
June 30: $1.54
July 31: $5.54
August 31: $19.94
September 30: $71.78
October 31: $258.40
November 30: $894.24
December 31: $3219.00
Now obviously the growth will not remain steady at 360% each month. Some months it will be more and some month it will be far less. Some months it will remain level.
So those of us who understand how the market works and realize BlackCoin is not just another Alt Coin will be smiling all the way to the Bank by the end of the year, while people who wanted quick cash will be asking themselves "WHYYYYYYYY"?
Everyone is entitled to his/her opinion and I will respect any legitimate argument. However, it seems some facts have been forgotten and/or intentionally ignored.
1.) BlackCoin is less than 2 months old.
2.) It has gained 1440% in value since launching.
3.) BlackCoin is traded on over 17 exchanges and counting.
4.) Myself and a few others are working on some groundbreaking services/products that will help increase BlackCoin value.
As I stated above everyone is entitled to their opinion, and if you feel BlackCoin doesn't have a future then respectfully you should sell, I will happily keep buying your coins. I support BlackCoin not because of emotion or naive optimism, I support BlackCoin because of the developers, community, metrics, and it's future potential. Unfortunately many people who currently trade crypto-currrencies do not have much experience in trading, nor do they have a firm understating of crypto-currencies in general. October 1st 2013 Bitcoin was trading at $127.00, and by November 29th 2013 Bitcoin was trading at $1,109. That is a 773.23% gain, compared to BlackCoin 1440% gain.
Lets do some simple math and predictions based on history and conservative estimates. Based on March numbers lets estimate BlackCoin value will grow a steady 360% each month.
April 30: ¢0.12
May 31: $0.43
June 30: $1.54
July 31: $5.54
August 31: $19.94
September 30: $71.78
October 31: $258.40
November 30: $894.24
December 31: $3219.00
Now obviously the growth will not remain steady at 360% each month. Some months it will be more and some month it will be far less. Some months it will remain level.
So those of us who understand how the market works and realize BlackCoin is not just another Alt Coin will be smiling all the way to the Bank by the end of the year, while people who wanted quick cash will be asking themselves "WHYYYYYYYY"?
TLDR; To the moon ...
Edit: I think you had too much coffee, you are crazy if you really think that the growth is lineal, just think about how much was the price increase from 500 to 5000, and then it took a lot longer to touch 9500 if you think it will be easy to get to 50000 ...
I find it interesting and I bit disconcerting that you quote me and then write "you are crazy if you really think that the growth is lineal".
Did you read: "Now obviously the growth will not remain steady at 360% each month. Some months it will be more and some month it will be far less. Some months it will remain level"?
Did you read my other post : "Heh...Eventually it will level off and dip at times, and I do not believe it will reach $3219 by Demcember. But my point was simple math and predictions show BlackCoin being worth significantly more than what it is now in a few short months"?
It is obvious I do not think the growth of any financial product is linear, only a fool would. But math and history doesn't support your undervalued predictions.
You wrote: "just think about how much was the price increase from 500 to 5000, and then it took a lot longer to touch 9500"...
Yes lets think about that... From Feb to March BlackCoin increased over 1100%. I sincerely do not understand your point. It did not take BlackCoin long to go from 5000 to 9500. actually your statement backs my "wild" predictions.
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