Lol i dont understand ppl who are selling this coin below to 5000 satoshi
Why? They are making money.Exactly! At current prices, if I sold all my BC, I would be
guaranteed to more than double my money (plus the ones that I mined that cost me nothing). If I hold for a higher price, I
might make more, or it could tank and end up losing money. In any investment, there will always be those willing to sell low and make an easy bit of profit, there'll always be those who hold out for what they consider to be a fair price (and they may or may not get their price), and there will always be those who hold every coin they've got (or the vast majority) in the hope/belief that it will make them rich one day. It's all about deciding for yourself what your goals are and what your tolerance for risk is, and it is pointless to question or criticize other people's investment strategies. Just do what's right for yourself, what you're comfortable with, and to hell with what anybody else has to say about it.
Oops, I missed one... there'll also always be those who follow the 'advice' and FUD that other people spew forth and panic sell, often losing money and then getting pissed off at the world because they didn't take two minutes to use their head as more than a hat rack.
I'm personally holding, for now. I'll likely sell off a portion in the next few days, just to get my original investment back out and available for something else, wait a week or two to see what happens and then sell some more, if it'll get me enough to build another rig, and I plan on keeping at least 1/3 of my existing coins long term to be able to see personally and firsthand how the PoS system works and how it affects the longevity and value of a coin once PoW is done.
I agree and can understand that. I am right now trying to set myself some price targets to similar, and also keep a good stash for the long haul. Being and early adopter and "selling as you go" really defeats the purpose, especially when selling as you go only returns 2-3x the daily mining profit in the short term. This isn't a scenario like MaxCoin where it was like 4-5x more profitable to mine than DOGE for an entire week, combined with long term mining that just made sense to mine and dump because you were guaranteed to buy back cheaper later on.
And add to that, someone could literally
buy out the entire 100,000,000 supply at current prices and market cap. At 2500 satoshi that would require $2.5M USD, and there are plenty of single whales out there capable of doing it, let alone groups.
I keep thinking 5000 sat would be a good starting to point to sell, but if someone or a group manages to actually corner the BlackCoin market, who knows how high this could get.
