[ANN] Blacknet | IBO for BlackCoin | New code | PoS | No ICO - page 1250.

svojoe

legendary

Activity: 968

Merit: 1000

einc.io

Quote from: IconicExpert on March 26, 2014, 08:51:00 AM

Quote from: Jeezy911 on March 26, 2014, 08:23:55 AM

Yea its crashing, what time does the 100 BTC buy order from the multipool come in? Cool

Did the multipool really generate 100 BTC in revenue? If so, how many days did it take to do that?

I don't think it can generate that much in a single day, at least not until it is fully functional and out of Beta stage. That pool is so wildly, insanely popular I have no clue how they are making it work. At one point it had nearly the Nethash as Litecoin I think. That is truly incredible. It will crush everything in its path. I believe no amount of profit-taking or panic selling will stop this juggernaut once its rolling. How could it? This is a totally different animal. Even a small amount of constant buy pressure will always 'force' a rise in value. Eventually coins will migrate towards long-holders whom are buying on the dips and then there is no stopping the value from increasing. Once we get through this last group of people that just 'must cash out for 300% profit" before 10k sat who knows what will happen. 10k? 100k? sats? You betcha, I'll see you in hell!

IconicExpert

full member

Activity: 168

Merit: 100

Quote from: mellomike on March 26, 2014, 08:37:03 AM

BlackCoinMiner.com is coming back online TODAY!

Follow us at @BlackCoinMiner on Twitter for updates. This new update of the site now includes better stats, new coins, and a very stable server.

Let's make some BC!!

Once everything has been thoroughly tested, would you be willing to make the code for the multipool available for other members to setup their own pools? I sincerely believe more pools will be better for the community in a whole, and it will definitely help increase and stabilize BlackCoin's price.

IconicExpert

full member

Activity: 168

Merit: 100

Quote from: Jeezy911 on March 26, 2014, 08:23:55 AM

Yea its crashing, what time does the 100 BTC buy order from the multipool come in? Cool

Did the multipool really generate 100 BTC in revenue? If so, how many days did it take to do that?

germsite

sr. member

Activity: 1009

Merit: 261

Echoing those that have suggested checking out the MAX view on Mintpal's exchange for some perspective :

https://www.mintpal.com/market/BC/BTC

Here's a screenshot of the current timeline

You'll notice that the curve from March 17th to now is almost an exact scaled-up copy of the curve from March 11th to 17th. Except that it is taking a little longer to adjust back to the lower level.

The high point of each curve is 4 times the level of the start of the curve, and it settles back to halfway between.

So, March 11th we were at around 1000 Sat, minor surge, followed by steep surge up to 4000 sat, followed by an immediate retreat to 2000 sat.

March 17th we were at 2000 sat, minor surge, followed by steep surge up to 8000 sat, followed by a more gradual retreat ( maybe back to 6000 sat, probably not ).

Ist curve took 6 days, 2nd has taken 8 or 9.

So, I thought it'd fun to see where we might be at in a few months if this pattern repeats.

This implies we might reach 50,000 sat by the end of July. The underlying trend is very steady. It has ( gasp! ) troughs as well as peaks ...

All things being equal. Terms and conditions apply. Etcetera etcetera ....

EDIT ( forgot to mark sats in thousands ! )

mellomike

member

Activity: 84

Merit: 10

BlackCoinMiner.com is coming back online TODAY!

Follow us at @BlackCoinMiner on Twitter for updates. This new update of the site now includes better stats, new coins, and a very stable server.

Let's make some BC!!

marcje

member

Activity: 105

Merit: 10

This coin is actually the faster peercoin, the price of peercoin today is $2,74 per coin we are at $0.04. Peercoin also has the 1% inflation per year, but its still mineable with SHA256.
Where peercoin has a blocktime of 10 mins, we have 1 minute which will favor us over peercoin with much faster transaction times.

Jeezy911

sr. member

Activity: 294

Merit: 250

Yea its crashing, what time does the 100 BTC buy order from the multipool come in? Cool

plumptoiletduck

member

Activity: 108

Merit: 10

Quote from: heartastack on March 26, 2014, 07:56:51 AM

Just turned on the news,

Coming up next: Blackcoin's price

OMG it's pumping!...... Shocked

OMG it's crashing!.... Cry

heartastack

hero member

Activity: 714

Merit: 500

Just turned on the news,

Coming up next: Blackcoin's price

plumptoiletduck

member

Activity: 108

Merit: 10

All you Squawkers need to calm down, if you don't beleive in this coin sell up and GTFO.

We are in a dump phase (correction), it is necessary to keep the price on its steady ascent. If you are panicking because you bought a lot higher than current price, don't sell, have patience and you'll be rewarded with your coins gaining value. If you already sold, chalk it up to experience and learn from it for the future. Don't make any trades based on emotion or without knowledge of your purchase, look at the facts.

This is one of, if not the most promising coins at the moment.

rookier

newbie

Activity: 22

Merit: 0

Hey guys! Is it possible to install the blackcoin wallet qt in raspberry pi? If possible then how?

firstflyover

full member

Activity: 195

Merit: 250

Quote from: MuffinMaster on March 26, 2014, 07:21:16 AM

for every buyer there is a seller wanting to rebuy lower. When all the sellers realize its not going lower they are all going to buy in at the same thing and this will shoot to 15k+

Its going to be very volatile until it reaches a much higher market cap.

If people want to know how Strong Blackcoin is. Just go over to ebay and try to buy some...
There are "ZERO" Blackcoins for sale on ebay right now. ZERO! When you can buy every coin under the sun on ebay. Know One Is Selling Blackcoins.
Now, what does that tell you?
Peace!

IconicExpert

full member

Activity: 168

Merit: 100

Panicking from day to day fluctuations will not do you any good. Prices will go up and prices will go down. The point of someone pushing the price down is to incite panicking so people will sell low and they can buy cheap coins. What is funny to me is this happens everyday from one coin to another, and still the same people keep falling for the same trick. Then when the price rises again, those same people complain about how they should not have sold their coins.

David Latapie correctly pointed out that when the multipool is running BlackCoin price rises steadily. However, when the pool is down the price goes down a bit. I am starting to wonder if we had 3 or 4 multipools running 24/7 would BlackCoin's price skyrocket. Because with that many pools buying up coins, it would be very easy to wipe out these fake sell walls.

MuffinMaster

sr. member

Activity: 1414

Merit: 265

Pepemo.vip

for every buyer there is a seller wanting to rebuy lower. When all the sellers realize its not going lower they are all going to buy in at the same thing and this will shoot to 15k+

Its going to be very volatile until it reaches a much higher market cap.

x0rcist

full member

Activity: 238

Merit: 100

Quote from: Vlizzjeffrey on March 26, 2014, 07:01:27 AM

Funny to see people encourage others not to sell whilest they are selling themselfs, hipocrytes

Funny to see people think to get rich in 1 week by holding a coin

XbladeX

legendary

Activity: 1302

Merit: 1002

Quote from: Vlizzjeffrey on March 26, 2014, 07:01:27 AM

Funny to see people encourage others not to sell whilest they are selling themselfs, hipocrytes

Do you want see my wallet untouched for 2 weeks ?
There are only transfers in ^^

ManMachine

member

Activity: 112

Merit: 10

i dont know what there are talking? Huh

I buy like a maniac! change nearly every altcoin i have to BC!

Degolep

full member

Activity: 210

Merit: 100

http://youtu.be/ySfwW_xSRU4

Fraxinus

legendary

Activity: 1274

Merit: 1000

Quote from: Vlizzjeffrey on March 26, 2014, 07:01:27 AM

Funny to see people encourage others not to sell whilest they are selling themselfs, hipocrytes

Why would you sell when the market cap is only 3 mill?
Aur is even now at 80 after the crash.
Its the only worthwile coin out there atm.

Everyone encouraging to sell is just wanting cheap coins, just like the manipulator a few hours ago.
I guess he got what he wanted..

Vlizzjeffrey

hero member

Activity: 784

Merit: 503

Bitcoin King BTC

Funny to see people encourage others not to sell whilest they are selling themselfs, hipocrytes

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