See those round sell numbers? That's a whale trying to exit the market with 1million + coins.
This will take days. And let's hope there's only one.
Price stabilising around 20k for a few days will make me bullish if we still have a good mining pool and trading volume. Stay tuned.
This will take days. And let's hope there's only one.
Price stabilising around 20k for a few days will make me bullish if we still have a good mining pool and trading volume. Stay tuned.
I think we're dealing with 2-3 whales on mint and 3+ on Crapsy
I'm expecting the price to settle around 9000-11000 satoshi
Once bids build back up ill bet the whale will dump. Until then he will keep manipulating the current price
let the whale sell. it's healthy for the coin. responsible whale make spread distribution by selling to many small orders. we want as much of the coins bought off the market as possible. then there's less resistance going up. as it is.. if u look at the sellbooks.. there isnt really any resistance to take it back to 60ksatoshi. we can chalk it up to a short period of doubtful investor confidence and that whale. if everyone is patient, the rebound should be quick once we're done with the whale(s). $125million is chump change amongst the crypt-community.. blackcoin can make do double that market cap by the multipool alone given enough time. but i think if we really want to work together as a community, our duty would be to buy and hold coins off the market in our wallet constantly. that way eventually any whale manipulating the market would lose all his coins as we constantly buy it up to the highs to 1btc=1bc even if at that point we're only selling fractions.
it can be done. it just takes commitment from the community. the larger the community, the faster this goal can be accomplished. very important to remember that quick turnarounds are what slowdown the growth of the coin. which is why i advise uptrading margins by large gaps and not small ones.
I know what you mean mate but don't you get it? There are 100 more whales in blackcoin that can and will do the same thing. This was meant to be fair distribution and now we see the ugly side of even a 1-2% bagholder just sitting there dumping in small amounts so they can exit. When one whale is finished, the price will rise abit and then get pushed down at the next whale's exit point. If there are 20 whales each taking ~3 days to dump then we're looking at at least 3 months of dumping. Volume won't hold that long investors will get bored.
Prove me wrong though, happy to jump back in if the trend looks good.
Tons of whales in the top 100 but seems like most are longterm holders . This market volume isn't due to all of them trading
lol.. the whole cryptofucking world was buying blackcoin for a second there, and for one reason and one solid reason only - the price was going up. That's it and that is all.
Now for most people it's like being electrocuted. Lots of money was lost, millions taken out of the hands of the weak. So what do people care if BC is on coinkite? 99% of people here will never use the bastard thing. Just like bitcoin at $600 and I have never bought anything with it or even seen someone use it in real life.
It's about sentiment. We had it for a while, now it's fucked. Fundamentals won't work, we need epic pumps.
People compare coins to cars like there's room for every option.
I compare coins to railway tracks. The world isn't going to build new trains just because you have a newer, flashier piece of track. The infrastructure for Bitcoin and Litecoin are in place and they're going to stay for a looooooong time. Doge is a specialty track, like a rollercoaster fun-ride.
Anyway, getting too philisophical here I need sleep. It's been a long week with not much sleep. RIP BC that was some of the most fun I have ever had.
