Topic: [ANN] Blacknet | IBO for BlackCoin | New code | PoS | No ICO - page 1243. (Read 2509934 times)

Thank you to everyone that helped with the testing during beta! This new mining pool was constructed because I believe everyone should have a choice when decided where they want to mine. This pool has 0% mining fee (FOREVER). Live stats so no need to refresh the page, soon there will be coin voting and even more stats on your miner page. Please leave your feedback and if you have questions join us on IRC #BlackCoinMiner (freenode)

PS. We are seeking moderators for the IRC. If you are interested please drop a line. 10 BC a day pay!!

Website: BlackCoinMiner.com

Email: [email protected]

Perhaps, although it does now appear to have been the right one! haha I'm sure it will -but we have started an upward trend now, the dumps will end at higher and higher price levels and the pumps will hit higher and higher. Probably hit 8000 within 6 hours, maybe 8200 stabilised in 12. I think whoever it was who was manipulating the market had two aims: 1. To buy up as many BC as he could from us as cheaply as he could 2. To see just how low he could dump the price before buy support kicked in good and proper - In reality while many lost coins to him (myself not one of them thankfully) he has set a new floor in what we could probably call 'worst case' conditions (a massive panic with Cryptorush centred around BC, along with a massive market manipulator dumping the price lower and lower) - as we are unlikely to see such bad news/publicity for a while and the new floor has been set it is likely we will be on the rise once more.

Not going to happen unless the pumper(s) have a lot of coin to knock down those sell walls.

i had it , still dont get it sorry   pls someone just give a direction.

unless you have some deep deep pockets, I doubt this pump will do much of anything. BC arrive at the price it should be, when it wants to, not because of some pumper

Possibly, tons of stuff out there already. Check out the IRC (listed on main page) Lots of super helpful people. I'm on and off irc.

Pump announced

https://twitter.com/MineCrypto/status/448925329521123328

Did you read the first page?

hi new to this coin , heard lots of hype. How can i mine bc?

Certainly beats gambling at the casino... hehe No offense!   Awaiting a witty rebuttal.

It seems like you made the wrong move earlier today but you corrected it afterwards with a very good move  

Anyway, only time will tell. These things will happen again and again and again ...

Just reposting below what I posted a couple of days ago for anyone who missed it:

This is the third time this pattern has repeated. If you're interested in the price pattern read below.

Pump from 600 to 1400 satoshis. This led to a massive dump back and took a while to recover from. It slowly climbed back up to 1500 and then...

Pump from 1500 to 4900 satoshis. This was an epic pump. The usual daily trading volume spiked up to 1400 BTC traded in a day. It was followed by a massive dump (people taking profit).

Since that last dump which occurred the weekend before last the price has slowly climbed back up from 1600 to 2500 to 3500 to 4500. When it broke 3500 confidence started regrowing very quickly. It hovered around the high 4000's for a while. When it smashed through 5000, I posted here saying this is a very significant sign (it's a very bullish indicator recovering from a dump to break the all time high price) and I predicted a frenzied pump like the last two times (proof here -  DO NOT POST SESC LINKS ).

We've now experienced the next pump from 4900 to 9000 satoshis

What is happening now is the next dumping phase. Effectively this is people cashing out there profits. I expect this to last for several days like the last few times. There's no proof of work mined coins being dumped on the market. The only mass coins being released are from people who bought low and who want to realise their profits. Eventually this will stop, and the buying pressure will cause further rises in price.

The market cap of this coin is still peanuts. We could easily triple in price from here. Easily. When I do finally start taking profits from this coin, it's going to be one of the rare coins where I only cash out half and keep the other half in. Because with a coin like this you just don't know what the ceiling is going to be for many weeks.

Not interested in giving some accelerated crypto courses? I really need to learn some basics n stuff

Apart from the odd stash sell off no one is selling their coins in substantial chunks - we are going up from here I think. Despite my anger towards the market manipulator earlier I managed to make 5000 BC of it so I guess we both won in the end haha

You're getting into the massive increase in productivity with the subsequent massive decrease in wages compared to economic output. If wages has maintained their ratio to productivity then we would all be making very livable wages just like our parents and grandparents.

If we all were making liveable wages for the past 20 years, then its likely crypto may have never been created.

So then BC can be the gold while other PoS coins can be the paper!

When markets were controlled by a relative few who had almost all the hard currency -- e.g. in the 1890s -- large-scale capital investment was impossible for up-and-comers. Thus Ma Bell, Standard Oil et al. couldn't be challenged by people with better ideas. The end result was a loss of efficiency in the system as a whole, until the government broke them up.

The loaf-of-bread issue is that economic output is not linear. Really, over time you get more and more output; more grain can be grown from one acre of land. Chicken costs 1/6th what it did at the start of the 20th century in real terms. Things get cheaper as we (as an industrial society) get better at producing them. And so it would make no sense if one chicken were permanently worth 0.1 oz of gold. You need to not just subdivide the gold further -- you need to create more gold, or more paper, or else people will not continue to make a growing number of chickens.

[ed] the above being the best explanation I can come up with after 6 beers, for how printing more paper or creating interest in a virtual currency is not necessarily inflation, but may just be keeping up with the rate of economic growth.

Blackcoin is still hundreds of millions if not billions off the market cap required to make this worth while. But it also reminds me how early a stage all crypto is in.

I trade forex as well

Sorry. I'm not following this concept of "adjusted inflation rate".

Also I've heard more people play the lotto when economy is down so that makes sense about gambling. Desperate times means desperate people looking to win big.

You've culturally enriched me! I just read the walrus & the carpenter.