In other words, I hope we haven't pumped BC way past what the multipool can handle.
Let's not overstate the effect of the mulitpool on the price. It gives a nice little boost but the daily trading volume of Blackcoin is 500 to 1000 BTC.
In terms of price this coin by design is going to trend upwards so long as there is demand. The amount of coins in circulation is virtually fixed (1% inflation a year is nothing). Compared to Litecoin which has
hundreds of thousands of dollars of new mined coins dumped on the market
every day. Then factor in these selling points -
10 second transactions (proof of work coins like Worldcoin FORKED when they tried to go down to 30 seconds, no way they can handle 10 seconds so they stay safe at 60 secs),
100% pure of stake, strong community, no pre-mine etc.
When we get up to Litecoins price the only dumps we have to sustain are people taking profits. If you have followed the price of Blackcoin like I have there have been several "floors". Once a floor is established and enough people have dumped their cheaper bought coins for profit, the
next upswing occurs . We saw this at 600 satoshis, 1500 satoshis, briefly at 3500 satoshis, 5000 satoshis approximately and if we stay in the 8000's or higher by monday I will call the 8000's the new floor.
9500 is going to be a big barrier to break. Because the last few times we've been near it the price has dipped, sometimes a fair bit. But we observed this exact same behaviour at 5000 and when we finally broke 5000 for the first time the crowd went wild and we went on a pump up to 9000 very quickly (this is exactly as I predicted and I posted as such here). My only concern right now is the BTC uncertainty with china.
A btc crash always sends shockwaves throughout the crypto community causing everything to drop. Conversely, seeing Blackcoin rise steadily in these market conditions is a very bullish indicator. These are very early days with Blackcoin and all my analysis points to big price rises ahead.
I've ended up writing a lot more than I expected but it's because I am a
passionate supporter of this amazing coin and my confidence only grew as I saw what a skilled developer we have (even found a security flaw in Mintcoin).
There is lots of fear, uncertainty and doubt spread in this community by manipulators but people here are also smart enough to read between the lines and that is why we are seeing Blackcoin grow from strength to strength as other coins are struggling.
There are great times ahead, I urge everyone to be patient and reap the rewards. 6 months from now we will all be extremely happy.
I'm done!
It's beautiful how even when Bitcoin was hit with the China news and almost every alt was hit hard.
Blackcoin more then held it's own and stayed strong in the China sea... Peace!