You guys are crazy given the market cap. It's at $0.04 now. In 6 months to 12 months, I'd say $0.50-$1. In 2 years, $3-$5. We have 3x as many BTC in our market cap, so our jump should not be so crazy.
With all the pumps and dumps BC has a steady upward projection. All you have to do is match BlackCoin's growth with other similar AltCoins growth and you can reasonably predict where the coin will be in 6 months. In about a 4 to 7 weeks it will be at $1.00, and in 6 months we will be around $5, you can hold me to that. There is always the chance it can explode over night, that has happened to other coins before. But based on the current growth we will be at $1.00 soon. It will be at $1.00 even quicker if people would stop selling BlackCoin at reduced prices as if they are selling MintCoin
$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.
But I thought pumps and dumps are good thing. Doesn't that mean huge % change and won't that attract new investors who want to get into throwing money in this altcoin? Sure it's not good for currency usage, but there's not really many other PoS alternatives right now.
One of the reasons Bitcoin took off was because there were periods of stability, which is when merchants (like us) decided it was safe enough to take a risk on banking in the currency. It was certainly not overnight. We bought a large amount of BTC on July 12-14th, 2011, at $30-32, right before it crashed. We unwound as best we could and came back with it.
But the fact is, you have nothing if you don't have people willing to hold your currency overnight, and willing to do business in it. P&D is not what's going to attract new investors. Stability and sustainable growth -- at 1 Satoshi or 1 BTC -- is what will attract them.
We got into BlackCoin because we think it has a natural floor under it; not because it's being hyped. So ditch the hype. You're doing more damage than good if you attract panic buyers.
Exactly this, we need to focus on building up the black coin infrastructure.
We have a blueprint from what has been successful with other crypto currencies but there is a lot of new innovative things people can contribute too as well like multipools. If we focus on this we can get steady and solid growth and create a truly stable cryptocurrency that works better for commerce instead of just an investment/gamble.
This idea has a lot of potential, it uses less energy, it has the potential for slow stable growth and has all the benefits of secure electronic money.
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.
