You have a very valid point in that it comes down to what existing "float" is traded from the outstanding coins, however, lets take it to an extreme. If all the existing holders of the coins wanted to sell at $1 (unrealistic I know), there would need to be $75 million in investment to absorb it. No one knows when and where people will take profits at, but I'd rather see a slow and gradual rise that allows weak sellers the chance to get out with profits and longs to pick up the available supply than a double after double with no support so when all the sellers want to rush to the exit, there is actually buyers waiting to absorb it all.
...and before anyone thinks of questioning my agenda here, I hold xxx,xxx number of coins.
...and before anyone thinks of questioning my agenda here, I hold xxx,xxx number of coins.
Why is it when someone starts debating the future value of BlackCoin and they seem as if they have an agenda, they always find a way to slip in how much BC they own?
lol, I just wanted to let people know that I have skin in the game and am not out to bash the coin for the sake of bashing. I'm not out to wage war on you or BC. I like this coin and don't have any beef with you. I just don't want this to turn into a P&D when the coin could rise steadily and support itself on its own.
I wish people would stop writing P&D. At this point It is difficult to P&D this coin.
FYI: I quickly counted the present sell orders all the way up to 66000 sat, it is approximately $83,380. We will be trading at 0.24 cents by the morning
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