Professional Analysis - Unexpected Good News
2. If the fundamentals remain the same without change, and we continue to grow at our current rate, we will be trading higher than $100 within 12 months. Past results do not predict future results. However, in BlackCoin's case proof of stake gives a constant we can use to make reasonable predictions. Unlike with Bitcoin we do not have to estimate how many coins will be mined and dumped onto the market.
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I just explained everything in layman's terms so everyone can understand. This is not an attempt to pump the value, I wanted everyone to be armed with the info I have. I am more bullish on BlackCoin than I was before and I will continue holding until we are #1.
Does your analyst have good references ? A 100000% increase in a year is a serious statement. Was this announcement taken in account in his calculations ?2. If the fundamentals remain the same without change, and we continue to grow at our current rate, we will be trading higher than $100 within 12 months. Past results do not predict future results. However, in BlackCoin's case proof of stake gives a constant we can use to make reasonable predictions. Unlike with Bitcoin we do not have to estimate how many coins will be mined and dumped onto the market.
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I just explained everything in layman's terms so everyone can understand. This is not an attempt to pump the value, I wanted everyone to be armed with the info I have. I am more bullish on BlackCoin than I was before and I will continue holding until we are #1.
Putting your sarcasm aside. What was taken into account was the amount of new "users" per week, and the supply of coins taken out of circulation because of people wanting to "save". Less supply and higher demand will force the price up exponentially once we get past the sell off phase. Bitcoin, Litecoin, and Dogecoin have a fresh supply of coins being dumped onto the market everyday. The dumps can easily satisfy the demand which keep the price down. These coins are mostly mined not purchased, so miners have no problem dumping at a lower price. However, BlackCoin is not mined anymore and many of the people who had mined BlackCoin have already dumped their coins at different price levels. The remainder of the people who still hold a significant amount of coins will also sell off around the $1.00 mark. After the rest of the people who are holding from the mining phase and the low price phase sell off, the price will shoot up faster because there will be nothing to keep the price down.
I am willing to bet 5 BC That the price will be less than $100 by 18 April 2015
. Do you agree ? . Earlier this week I had predicted we would be trading at $1.00 by Sunday. I might have been right but I didn't take into account people selling off due to "greed" & temptation. $100,000 is a lot of money to someone in school and/or facing hardship. I wrongfully assumed everyone will hold for the big pay off, I was wrong. We are going to reach the tipping point where major holders are minimum at best, supply is low, and demand is very high. When that happens BlackCoin will skyrocket like no other coin before.
People were sitting on large sums. Those that got in at 500 sat where x190 in profit at one point.
So a $250 investment became $48000, and just upscale for people who invested 1 BTC or more.
People like profits, and they took them en masse, in a panic fashion. But with the new floor above 30k, just WOW! at this new platform to move from!
Any 500 sat (or low sat holders) that remain have already proven themselves "investors" and are likely to hold way beyond previous highs.
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