King Schultz. Do you know what I think in fact about Blackcoin? I think if people are not selling their cheap Blackcoin, we probably would be negotiating at (200K - 300K) sats today, however people have needs , and obviously people need money, but a lot of people here are doing daytrading to buy a pack of cigarettes or a new shoe , or even worse they here making money to pump other coins and this is not good for Blackcoin. I especially will not sell a single dime of my BC until we can negotiate between ($ 1.00 - $ 10.00) because we have the potential for even higher values than these $10,00.
None long-term investor will lose money with a collective buying. The only ones who will lose are the sellers that will sell cheap for us and many daytraders who eventually will burn ugly with this, if people want to have a (Buyday) I'll be there supporting and buying along with them, because I support Blackcoin, I do not want to wait for better prices because today is already very cheap!!!
I already said that I am in blackcoin to long term and I will repeat here sentence mine " I earn money with my job, I do not make money with my money." If people want daytrading BC, I not care about them, but if people want to sell their cheap blackcoins I'll buy all their, I have no mercy on anyone who sells me cheaper.
Some people understand and others just don't get it. CryptoSteam is spouting nonsense about natural growth but he is okay with the multi-pool. Do people even understand the multi-pool pumps the value of the coin everyday? In essence this is counterintuitive to "natural growth".
When everyone rented rigs to mine other coins and then used those minded coins to buy more BC...that was a pump. The only difference between the multi-pool and a community pump is the community pump is done on a larger scale and without the veil of mining. So I wish people like CryptoSteam would stop with the naivety and come back to reality. Either directly or indirectly we have all been pumping BC.
It's not quite the same because it cannot be exploited like a purposeful pump can. The pool purposefully attempts to NOT make major movements in the market. It does buy every day, but they attempt to spread it out both to maximize profits and so they are unpredictable and cannot be played against. Also, since it is a daily pressure, it's taken as status quo for BlackCoin volume, it's just part of homeostasis now. A purposeful pump is different in many ways. It will undoubtedly be bigger than the pool's daily buy, and with swift price changes comes swift correction.
Doing the 'community pump' instead through mining actually offers several benefits:
- You spread the pump across consistent pressure over the course of days instead of mere hours, eliminating acute market shifts from the promotion.
- It is harder to exploit purposefully since buying is consistent and not on a schedule, instead of spikes.
- It attracts less speculator attention - we want BC supporters on this move, not speculators.
- It maintains BC's top notch image as a no bullshit coin. A pump tarnishes it.
- The event is now days/weeks long instead of a flash in the pan - promotional window is much wider, and a pool campaign has a much better PR taste.
- Dumping is significantly reduced in severity for all of the reasons above. Furthermore, dumps that do happen are absorbed by the entire mining population - instead of whoever was unlucky/stupid enough to have their orders in the book at that time.
- It also compliments the Titan promotion coming up - we can start the pump at the beginning of that promo and then everyone who participates is also gaining tickets.
This is coming from a speculator, btw. I don't really lose whatever you guys do. If you pump, I'll profit like a mofo, leave you guys some bagholders, and move on to supporting a different community that hasn't given in to the typical crypto bullshit. If you instead focus on a far less risky but just as productive approach, I will continue to hold and grow with the coin. I rent rigs often to mine undervalued coins, and I would happily dump some BTC into the BC pool for a week or two in order to help us reach the promotional goals and support the slow pump. Personally, this is very much a defining moment in my relationship with BlackCoin. I only have a few alt coin longs, and if this coin turns into pump fodder in the coming days, I won't have much choice but to treat the coin much differently.
You are opening up a giant opportunity for talented (which in crypto means "competent") traders to exploit the shit out of hundreds of sheep who will follow your bravado and your reputation. If BlackCoin wasn't one of my longs that I think could actually compete with the big boys, I wouldn't be dissuading you - I'd be on board baby, pump it hard. That's not what I want for BlackCoin, though, but if you're going to hand me a pump despite me begging you not to, I will profit on it and leave the husk.
If it does happen, I invite everybody to copy/paste the top 100 or 500 wallets now, and then do it again after the pump, and you'll see all the good a pump did for "the community". If the balance you would need to get into the top 100 or 500 is higher than before the pump, you can be pretty much conclude the pump increased wealth disparity (which is bad). BTW - every single quick rise has done this so far. Quick rises historically on BC (and every other coin) have lead to further consolidation of the supply into the top of the charts - why do you think this one will be different?
What this guys said +1000 We need a mining pump for a week. It a great compromise and brings attention to our multipool also.
