OH AND BY THE WAY FOR THOSE THAT SAY "BE PATIENT", I HAVE THIS FOR YOU: FUCK YOU!
TELL THE PATIENT STORY TO THE RIPPLE GUYS FOR EXAMPLE
FUCKING IDIOTS, REALLY STUPIDITY GETS ON MY NERVES
OPEN YOUR ASS AND PUT THE PATIENCE INSIDE AND BE PATIENT BY YOURSELF
I HAVE NO PATIENT I WANT THIS JUST HIGH
Some people just don t get it. They can t take the hit, and call for a pump? What do you want? A price good enough so that you can be out?
I have a secret for you. You will be shake off lower than you think. Continue to call for a pump and that thing will go lower and lower. The so called pumper that you are calling will pump it when there won t be any bagholders. They don t want people out while pumping, they want them to support their pump. That s the way any market works, and especially the altcoins.
So before calling for a pump "telling everyone you know that you want out", sell now or stfu. You are doing no good to your money believe me.
If BlackCoin starts going up fast there will be a Panic buy
He probably bought in at 90k.
@troiste, there is nothing wrong with a natural pump, because that is supported by fundamentals, or perhaps caused by whales. This is part of normal life. The problem with a orchestrated pump not supported by fundamentals is that the new level will not stay and price will fall below where it started. The pump will come when the time is right. The community must foster stability and not pump and dump schemes. The problem is that if there is a high percentage of speculators in a coin just looking for a pump and dump then a coin is dead. If the balance can be swung to where the majority of holders are investors then that means real growth. If this can be achieved then that would be great. Tell me, if you were a merchant selling for USD, and the USD exchange rate fluctuated to your local currency one day $10, next day $30, the day after $3, how are you going to do your pricing? Between you taking your proceeds back to fiat will cause huge fluctuations and not to mention the administration of changing prices on your products. As a merchant you will abandon the coin for something more stable.
What is the objective of the coin, to be rolled out to merchants as a tender currency or to be pumped and dumped for profit? As I understand it the objective is the first, therefore if a holder's objective is to speculate then move elsewhere. Having said this there will always be margin for speculation within the upper and lower bands. A stable currency is one of the most important objectives - in my mind this is not buying and selling shares, but something that can be used to buy and sell stuff with.
I bought at 2K.
Bitcoin is also used by merchants and is fluctuating everyday, if you want the Fiat boringness, use them, no need to use crypto currencies.
What do you want? "A stable currency", you want BlackCoin to be stable forever around the 10 cents?
This is not fiat, cryptos are pump and dumped many times and this is part of the process.
You say that with a pump and dump the coin is dumped below the price before the pump. But thats not entirely the case, look at BTC for example pump started when it was at $100, now after the dumps its still at $500.
I tell you, if BlackCoin now from one day to the other Skyrockets 100%, there will be a mass PanicBuy, many new investors will be in.
Many people are not in yet because they dont see the price increasing, they don't think "Now is cheap I'm going to buy", they think "Now is collapsing its gong to die, and I'm not stepping in"
Blackcoin is not like any other shitcoins we have huge volume for some time, if there is a pump everything will skyrocket, price, popularity, usability, etc. Dump will come but this is normal and I don't think the price after the dump will be lower.
Look at the last Blackcoin pump, started at what? 2 cents? Went to 40 cents, now is at 12 cents.... you see the price below the previous price? I don't.
Like I said many times, go and watch BTC chart since 2010, this is how a coin matures with pumps and dumps, and preventing them is like preventing the coin from growing.