$5 in 6 months? That would mean marketcap is $400 million. That's the LTC market cap. Not impossible, but as much as I love this Blackcoin, I don't see that happening. That would mean faster growth then even BTC and I think that time is gone.
One word: Auroracoin
Look. There are hundreds of crypto currencies. About 90% of them are laughable jokes (marscoin) or absurd appeals to a small market within a small market (spaincoin). About 10% are actually attempts to reengineer the nature of what Satoshi did (NXT). The 90% will fail. Of the 10%, the ones that succeed will be the ones that keep it simple and strike a transparent, equitable balance between private holdings and wide distribution, and between inflation and deflation. OF THOSE, BlackCoin is the only one that appears to have the community, plan and infrastructure to actually make it so.
That, friends, is how we came to the decision to start accepting BlackCoin. What happens overnight or next week is irrelevant. You need more merchants, more casinos, more people storing their value in the currency; and I'm telling you that if you are concerned with overnight prices and pumping or dumping, you are missing the larger point. BlackCoin -- if it isn't wrecked by mischief and speculation -- has the potential to eclipse Lightcoin by the end of the year. I genuinely believe that. Stop trying to tout it as a casino. That's what other alts are for. This is something different. If you narrow down all the possibilities by the criteria I outlined above, you'll see this is an amazing investment, not something you should be trying to hype for a short-term profit. Simple as that.
Without hype no coin can survive.
Bitcoin wouldn't be worth $580.00+ without hype. Dogecoin wouldn't be where it is without hype. Yes you need all of the above as well, but without hype no one knows it exists. It goes hand in hand. Also, not everyone is here for the same reason. I will support the community as much as I can to see the coin succeed, but lets be realistic here. We ARE ALL here to make money.
Bitcoin wouldn't be worth that much without
press. Positive and negative press, that's what got the wider investment community interested. BlackCoin is still too young for that kind of press. No twitter hype and no forum con is going to convince Business Week to write an article about BlackCoin. The only thing that will give it that exposure is slow, steady growth and hammering home the fundamental fact that it's a PoS coin, it's a blackhole for the other alts, and it's no longer being minted. Those are the things that make it an attractive alternative to BTC as a store of value. If you add to that more exchanges and more merchants, anything is possible.
"Hype" is a relative thing. Hype among alt-coin speculators is just a quick boom followed by a quicker bust. Hype among mainstream investors requires a lot more diligence and time. I'm not against the latter kind of hype, provided that it's justified. I just don't want to see the former destroy the currency before it has a chance to bring in more merchants and a more stable base.
All I'm saying is that the mechanics of this coin are too good to be wasted on a P&D. If they are, another coin will arise with the same mechanics as BlackCoin, or something very similar; but if expectations are managed well right now, and the focus is on growing an economy rather than what happens by the end of the week, then our effort won't have been in vain.
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