Professional Analysis - Unexpected Good News
As I have stated before there are many things going on behind the scenes, and this morning I would like to share some promising news with the community. Just before the sell off I hired a professional analyst a friend recommended to take a look at BlackCoin and give me his professional assessment of the financial product. As an investor and businessman I need to be armed with facts and reasonable predictions moving forward into the weeks and months ahead. I am decent with numbers and reading charts, but I believe one should always enlist the help of professionals who are the best at what they do. As an analyst his job is to take emotion out of the equation and stick to the numbers and facts. This morning I received a report with unexpected news that made me immediately purchase more BlackCoins.
First an explanation on what happened within the past week.
1. Some assumed the sudden growth and the sudden sell off of BlackCoin was an orchestrated pump and dump, that was not the case. BlackCoin price explosion was the direct result of people taking notice with all the news coming out over a 5 day period. BlackCoin moving up in the charts quickly garnered the attention of investors looking to ride the wave of the next "hot" coin.
2. When we started trading above 80,000 sat there were many holders who had coins from 5000 sat and under, and for them suddenly having tens of thousands of dollars was to much to hold, so they started selling off. Do not forget there were people with over 100,000 coins and many of these people are students and/or come from poor countries. Also, many of these people are facing hard times and instantly having that much money was too much to hold onto.
3. The sell off caused a chain reaction and people in this forum and other forums thought it was an orchestrated pump and dump and started selling off quickly. The "panic" resulted in a massive sell off because of misinformation.
4. When the sell off subsided we established a floor around 14000 sat because that is where most of the new investors began investing in BlackCoin.
5. If the sell off did not happen we would be trading well above $0.60 cents or more.
What to expect next?
1. The wall set around 40000 sat is not one person, it is multiple people looking to exit. It is the level where investors who got in around 14000k want to exit, and investors who jumped on board around 40000k want to recover their losses. We will see resistance around 40000 sat for awhile until the damn breaks again.
2. We will not see another sell off that massive until we are close to $1.00 and that is when more people will be faced with lots of money and will have no choice to give in to temptation and sell.
3. Around $1.00 is where we will lose the remainder of the "weak" hands, and the "strong" hands will begin to take over and hold strong
So why did I buy more BlackCoins?
1. The sell off did not drive us below our starting point of 7100, and to be trading more than double than the starting point after a massive sell off is almost unheard of in stocks or any other financial product. And to recover in less than 48 hours is nothing less than unprecedented.
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.
a) We are adding approximately 700 - 1000 new people each week which will eventually spread the current supply thin.
b) With each sell off there will be more new holders added each holding less coins than the previous holders.
c) Supply will become significantly less as we get closer to $1.00 but demand will increase as well which will cause the price to explode.
3. BlackCoin will grow quicker in price than Bitcoin because there are no new coins being mined to dilute the value. The coins being generated from staking is not enough to dilute the value of the coin
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.
Excellent explanation and awesome analysis. You put a lot of time and work in to that. Very much appreciated
