Topic: [ANN] Blacknet | IBO for BlackCoin | New code | PoS | No ICO - page 1258. (Read 2510302 times)

That is a very good sign.

Tried out the multipool to see how it pays, haven't received any coins after more than 24 hours mining at 2440khs

Yeah because those exchanges are failsafe and it's my fault that people are dishonest thieves that withdraw coins that don't belong to them.  Just in case anyone cares, when I saw a discrepancy in my balance on an exchange that showed me there were coins I didn't purchase, I contacted the admin.  So , let's put blame where it belongs.  If people weren't dishonest scumbags, none of this would even be an issue.  But thanks for your input.  According to my research, any exchange that has been in business long enough has had a problem at some time or another.  So, if something similar ever happens on MintPal, I guess that would be my fault as well.  

Well, if anyone who withdrew any coins from CR that didn't belong to them and feel compelled for some reason to give any back, I lost 6700 that I bought between 900 and 3K satoshi.  Thanks if you have a conscience:  BMzphiQ2NVXotkVCA7zECo5FfbAjrt368u

Woohoo! I managed to get 100 BC buy day-trading! I know this is not a lot but this is the first time I succeed.

I feel bad for those I "stole" BC from, but on the other hand, they know the risk of day-trading (plus, I still lost 900 from day-trading).

quote author=ssaCEO link=topic=469640.msg5903163#msg5903163 date=1395795950]So far from saying that this two-day lull means BC's going to go up in value, what I'm saying is that it's a positive sign to see it stay where it is for awhile. Because that makes it easier for other people to adopt.[/quote]Once again a great post. I particularly like this sentence.

Now going to sleep. For real (thanks jamieb81).

No one should be saying buy buy buy, we need be saying build build build.

I am by no means saying that BC's continued survival and stability through this is proof of anything -- or that anything is going to happen in the future. And I wouldn't encourage anyone to follow my investments (or follow anyone's!) but to do their own research and come to their own conclusions. I'm obviously fairly bullish on BC which is why I brought the casino into it. But we have weathered several Bitcoin force-5 hurricanes over the years without losing a significant amount at the worst of times and also without becoming fabulously rich off the rise in the currency. I've always maintained that the "intrinsic" value of Bitcoin and other virtual coins is proportional to their utility as a unit of trade that cuts out the inefficiencies of merchant and banking fees -- which in theory should be at least 5% of the global economy. But the middlemen who charge those fees take on risk and create stability that the consumer or individual merchant isn't always willing or able to shoulder.

So far from saying that this two-day lull means BC's going to go up in value, what I'm saying is that it's a positive sign to see it stay where it is for awhile. Because that makes it easier for other people to adopt. The people who buy it looking for a quick return are not the people you want in it if you want to see it go to 100 times its current value... it will only do that if it attracts people who trust it, and these kinds of retrenchments build new floors of trust with the people you need to put serious attention into it.

tl;dr, I'm not saying buy buy buy, this is proof of anything, or reconfirming my own beliefs. Just that I'm pleased with what I've seen today.

The multipools do buy 100BTC of coins per day give or take, we wont know for sure and it will vary.  This is true BC buys, the 1000-1700BTC volume trading is not what is really driving up the market, it is new money coming into the system (ie multipool).  When the pools are putting constant buy pressure on the currency then it will trend upwards, until such time that it is accepted widely and there is more natural buy pressure (remember that there are still only 9000 BC wallets, so there are few people that know of this)

good night fais de beaux BC rêves lol

Alright. I will move my newly-acquired BC to wallet (well, the ones I did not lost stupidly in day-trading) to my wallet for stacking and I will go to sleep.

Bonne nuit !

^^^^
What he said

nah that's not just it.. multipools do MAYBE like 100BTC a day of volume

there was 1700BTC of volume yesterday.

No one is saying not to be cautious but a market gaining 4% after the day we had today is simply astonishing.

Looks like confirmation bias to me. Nothing personal (actually, the fact that the post is from you makes me give it more credit), but I've seen the damages of confirmation bias before. Once bitten, twice shy, as they say.

I'll take you word. I am not convinced but you seem to have a much better understanding of markets than me, so I will follow you despite my concern over possible confirmation bias.

7800 is cheap.

price went down to 5000 today and bounced back up .. so that is some action going on .. considering the FUD

I think this kind of regrouping and settling is really good to see. Nothing is a constant upward march every day of the year. More stability breeds more confidence, which brings more merchants, which breeds more confidence.

It's quite surprising that the price didn't take a much larger hit on the order of 50-70% given what happened today. Not that it matters if you're holding for the long term and believe in the basic principles behind the coin. But I think 1-2 days of relative price stability is a fantastically good signal from the market, not the other way around.

The price goes up because of the multipools buying it. They all stopped to sort their code issues out, it stalled it a bit and then the cryptorush selling took place and buying carried on to take advantage of cheaper pries, keeping it in balance.

Any idea why the price of BC is not going higher for two one full day now? Do you think it is only because of the BC stolen at cryptorush or something more? It seems to me that stalling started before the news of stolen BC emerged, which would mean this is inrelated... and so that the price might very well not go higher.

Your idea?

(edit: page 500)

i'm up about 15% in the last 24hrs, trading between 7500 and 8000-8100 lol

Fuck rush, I panic dumped, fuck rush!!!

I lost my BC and I will re-buy when it is cheap