Thank you for your comments. I am not the developer of BlackCoin nor am I part of the dev team. Yes I have been very vocal and I have been on the "front lines" pushing BlackCoin, but as I have stated numerous times my actions are not of the dev team.
Whatever I post and/or do is based on what I think is the right thing to do. No one online or offline can "make" me do what I do not want to do. I posted the poll because I think it is a good idea to know what the community thinks about a public pump.
I believe in transparency and I have been 110% honest with this community, and at times I have been honest knowing my honesty will bite me in the ass. Whether you agree with me or not that is fine, but I am not a liar and please do not imply that I am. If I wanted to pump BC and "cash out" I do not need to make it public. I can just round up several friends with $20,000+ each and we can pump it ourselves. Yes it is that easy to pump a coin....
Also, do not assume I do not support pumps. If you look at my previous posts I am an advocate of pumps. What do you think the multi-pool is? What do you think the press releases are? What do you think the BlackCoin cards are? They are mechanisms to pump the price. Too many people here associate the word "pump" with negativity. Pumps are needed whether it is Forex, Stocks, or Crypto. Governments pump the value of their currency everyday, and if you ever traded Forex you would know that. Publicly traded companies pump the value of their stock all the time, but they employ various tactics and loopholes to avoid breaking the law. Crypto is no different and all crypto-currencies are pumped including BlackCoin.
I am on the fence about the community pump because I feel if we do it once, the community will keep wanting it done every time the price goes down. However, I do feel at this time a pump will do more good than harm. What I am concerned about is once the price of BlackCoin goes below $0.10 cents it will be very easy and cheap for someone to buy a lot of BC and manipulate the price more than now. Even at this price anyone smart enough will buy 500,000 or more BC and just wait. What the pump will do is allow people to exit and redistribute more BC. I can guarantee there will be a sell-off afterwards, we all know that will happen. But do I think it will destroy BlackCoin? No of course not!!!
It is so easy to point fingers but what are you doing to increase the value of BC? I posted the video challenge yesterday and it was virtually ignored. There is more focus on ups and downs, and you must understand focusing on ups and downs does not do anything to help the value of BC. If the devs were able to get Amazon to start accepting BC (just an example) and this community doesn't start pushing the fact we are now being accepted Amazon, then it doesn't mean anything. The devs have been doing their part but they cannot do it alone. You pitching in and helping will help BC value grow.
So here is the hard truth everyone must face.
a. We do not pump and the price of BC goes down more, and one person and/or an organized group will buy a ton of cheap BC. They will either wait and dump when the price recovers, or they will artificially pump BC themselves and then dump. Then we will be back here in a few weeks discussing what to do next.
b. We pump the coin ourselves and allow people who want to exit to exit, and redistribute the coins even more. Yes there will be a sell off but we as a community are prepared and we are not surprised by a sudden sell-off so less people will panic sell.
I will be honest with everyone here, I have no clue how far down we will go after this kind of pump because this has never been done before. We could go down just a few sat or we could go all the way back to 20,000 sat. But what I do know is if we do not do this and the price keeps dropping we will have another cycle of heavy manipulation.
Now I do have good news that will help sustain a floor after a pump.
1. Yesterday I was notified the cards are done and they have been shipped from the factory. I will get the cards sometime Monday and I will be shipping on Tuesday! Everyone will be getting their cards earlier than expected! I will be taking pictures as soon as they arrive. Some people do not understand the significance of the cards and how important they will become. They are not just plain USB cards, they are much more than that. We figured out a way to introduce new people to crypto without having to go through all of the hassles. Insert and go...period!
In closing...you cannot have your cake and eat it too. If you are only going to focus on the price dropping, and do not help add value to BC, then do not complain about pumps. If you are willing to help add value and promote BC, then pumps will become "natural" based on the good news about BC.
You said all things that a lot of people need to hear here. I agree 100% with you. Today I got rid of some FIAT investments, and then I ended up buying 30BTC in blackcoin, I would like to buy more, but the price of BTC is very expensive in Brazil, I'm doing my part as an investor, and I will buy more BC for long-term investment.
People associate pump with bad thing, I prefer to call our pump (Buyday).