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Topic: [ANN] Blacknet | IBO for BlackCoin | New code | PoS | No ICO - page 1461. (Read 2509928 times)

hero member
Activity: 595
Merit: 500
It is not that easy for coins to go up these days, times of "nice coins" in terms of mining are gone. But who knows, will be watching.
sr. member
Activity: 297
Merit: 250
hero member
Activity: 1778
Merit: 520
all it would take to buy every bc at this price is 709 btc. thats sad

                                                                  ^
                                                            should be


                                                             atleast 5k
legendary
Activity: 1344
Merit: 1001
All I know is this used to be a good topic until mime the retard kept spamming it with his retarded conspiracy theories. I've come back hours later and you're still filling the topic with this crap.
sr. member
Activity: 1414
Merit: 265
Pepemo.vip

No you can play with them with any amount just be educated like I said, but actually I think in total I had about 150k between cryptorush mintpal and cryptoaltex which ended up being around 2BTC - I don't mind that kind of profit!
Also, I didn't draw those! If you go on mintpal you can go see the charts for yourself so you can attempt to find some trends and floors and work your way to being an educated trader Smiley. MS paint works pretty well.


150k bc @ 1000 sats is 1.5 btc

Lets not pretend that you selling indicates the overall market direction at 100+ btc today.

If you read the post I was talking about selling ~150k a long time ago when it was still above 2000.
I didn't say it had anything to do with the market direction I just had to correct him  Wink

Why would you bring up that you made 2btc 2 weeks ago?
I can't tell if you are trolling or actually retarded, because you are making no sense. I'm just going to go ahead and ignore you.
sr. member
Activity: 322
Merit: 250
sr. member
Activity: 1414
Merit: 265
Pepemo.vip

No you can play with them with any amount just be educated like I said, but actually I think in total I had about 150k between cryptorush mintpal and cryptoaltex which ended up being around 2BTC - I don't mind that kind of profit!
Also, I didn't draw those! If you go on mintpal you can go see the charts for yourself so you can attempt to find some trends and floors and work your way to being an educated trader Smiley. MS paint works pretty well.


150k bc @ 1000 sats is 1.5 btc

Lets not pretend that you selling indicates the overall market direction at 100+ btc today.
full member
Activity: 182
Merit: 100
I should sell now right?
sr. member
Activity: 270
Merit: 250
Lol bragging about a 2BTC profit.

What's wrong with bragging about a 2BTC profit?
legendary
Activity: 1344
Merit: 1001
Lol bragging about a 2BTC profit.
hero member
Activity: 644
Merit: 500
There part that made me face palm was about the whale buying up 5 million BC in that time. So over 6% of the total supply in such a short period of time that had very little volume, along with very little being generated and entering the market = no price movement? Not sure if serious.
sr. member
Activity: 247
Merit: 250
sr. member
Activity: 420
Merit: 250
do u guys know where to calculor BC profit?
member
Activity: 112
Merit: 10
why is coinmarketcap reporting the value at $ 0.092  Shocked
member
Activity: 113
Merit: 10
I hope it drops back to 600 again so I can pick up shiny new cheap BC with the profits iv made.
member
Activity: 84
Merit: 10
faucet at http://pinoycrypto.com/faucets/blackcoin/ just dried up.  you can donate to B5UenFHx6etTTmxTFY2VoqsmRfznP7cLy5 so people will benefit from the faucet. Smiley

Here's another brilliant idea brought to you by, yours truly! Tongue

Everyone mining in the coming multipool should be required to donate 0.5-1% of their BC income to community faucets.

+1

Agreed!

+1  that would be great. I've given almost half of the bounty i received for setting up the forum to the giveaway and initial funding for the faucet.  my personal fund's almost dry as well so it will be hard to fund the faucet for a long time. lol
sr. member
Activity: 364
Merit: 250
faucet at http://pinoycrypto.com/faucets/blackcoin/ just dried up.  you can donate to B5UenFHx6etTTmxTFY2VoqsmRfznP7cLy5 so people will benefit from the faucet. Smiley

Here's another brilliant idea brought to you by, yours truly! Tongue

Everyone mining in the coming multipool should be required to donate 0.5-1% of their BC income to community faucets.

+1

Agreed!
sr. member
Activity: 364
Merit: 250
Reminder that the twitter whales bought in at 500 satoshi and can dump on you whenever they want

No they didn't, the price flatlined at 500 but with such low volume, a 1 BTC order pushed it over 600 sat
The price was at ~500 for 3 days with 30+ 24/h BTC volume
They aren't going to pump a coin that they didn't already buy in at the low

The daily 24 hour volume was actually 11 BTC when it was at 500.
I'm positive it was higher than 11 BTC and it has been in 500-650 for more than three days which would be atleast $24 000


It was at 11 BTC a few hours before it started getting pumped.

Please peddle your crackpot theories elsewhere. We get it, you sold your blackcoins and now you want the price to fall.

Since you guys are sadly clueless as to how pumps and in general markets work (I bet you have been holding you coins since day one) I will try to teach you something

[img]

Each black line represents one day and let's pretend 11BTC volume that you are saying, even though I know it was atleast 30 for 2 of those days.
In total that is a, according to you at least, 55 BTC volume over the 5 days it was trading at an average of 530~ satoshi.
Even if a whale had bought half of that, that is 27~ BTC or about 5 000 000 black coin.
He is then free to dump that whenever he wants to bit by bit, and also have near complete control over the market because he can force panic sells/buys whenever he puts up buy or sell walls.
No, I'm not saying the pump is over. He has obviously sold some though because he is nearing 200% profit. I'm saying it is risky to buy in now because you have no idea what his/the group of whales' target is.
But of course the whole idea of a pump and dump or manipulating market is just a crackpot theory and NEVER happens, especially in crypto markets (LOL Smiley)

BTW, yes I did sell my black coin because I am not an idiot and have at least some clue how markets work.

BTW, I also have been buying back at a decent price because I am not an idiot and have at least some clue how markets work.

TL;DR
You should educate yourself before you try to play with these big boys


You make some good points !

I would also like your feedback on my counter points

1) 27 btc is not really that much. any large volume is going to run that whale out of coins fairly quickly. the whale will make 200-300% but if they sell too quick they may miss the bigger run being triggered by more people being introduced into the coin by the whales
2) on any other coin that is actively mined I would have dumped by now, but the 1% coin inflation by stake only is going to keep the supply low
3)75 million overall coins is tiny !
4) a whale identifying good potential coins for a pump is not a bad thing, this coin has quite a lot going for it when the only game in town is popularity. It would take very little popularity for this coint to push 1000%



1) No 27BTC is not that much, but again that is assuming a 11 BTC volume/day where he only absorbed half of it. It's also assuming he didn't mine any, and it also doesnt count any that he has bought/is going to buy during the pump up when he forced people to panic sell. 5 000 000 (at least remember) is still about 7% of ALL of the coins that is actually quite a bit. It is unlikely for a whale to lose control of the run because once he starts selling a lot of the coins to other people, they are also going to want to sell, and if there isn't enough hype behind the pump (the whale being the main buyer throwing up the large buy walls) then that is when the panic dump starts to happen. and besides 200%-300% is a lot of money for 5 days of work, yes maybe he could make more but why take a risk over $20 000+ dollars. It all depends on whatever the real target is.

2) Low supply doesn't really mean anything unless there is a lot of demand

4) It is a bad thing if the hype from his announced pump doesn't stay and he ends up being the major person making money. Since he controls such a high percentage of the coin he gets to decide what the price is which CAN be a bad thing. It could be a good thing if he unloads his coins and people are still interested in buying and we stabilize at a higher price, but again the person with the most money and with the most twitter followers gets too much control of the market/hype

You do seem to have got a bee in your bonnet about this, why? As long term holders, none of this makes any difference to us any way?
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