just for those of you who are still skeptical and worried about the investment.
Take a look at DuckNode (XDN) it was traded for ~5 satoshis (super high Coin number) for quiet some time.
Now the developer brought a few releases out an they have a quiet good looking 20 satoshi. That's over 400% in a few weeks.
BLKT is still new and young. Once our dev. brings some cool things out we will also so an at least 400% and stay there with even more potential. Since DuckNode doesn't even provide anything special beside CPU only mining and a few gimicks I would say it's very likely, BLKT has much more on the road map and once the developer proofs he isn't just a scammer but delivers, this will shoot up.
Just don't panic when the prices falls 50% fast because the order-book is pretty thin. If you sell at 3k you will most likely not be able to buy cheaper. Just invest like 0,5btc if you can effort it and stay calm you can likely get 2 btc out of this in a few weeks if the dev. does what he looks like doing.
That's how I felt about coins before. But I've since learned that the "innovation will bring volume" mindset is rather naive.
These coins that get a lot of attention and a lot of trading reach that sort of volume and price because of exposure from whales and big name personalities. A coin's success (in terms of the market, volume, price, etc) is partly innovation and development and partly marketing and PR.
Examples: XBC for which I was PR coordinator, had no innovative features. It was simply a low-supply POS coin, with a broken POS wallet to begin with. We patched up the wallet and did some aggressive marketing and PR, and it was noticed by a lot of people in the trollbox as well as a few whales. The price went from 0.001 all the way to 0.045 (4500% increase). On the other hand, look at all these already-established coin brands that, in their own ways, produced various types of innovation (ECC, MINT, BC in the early days); these coins all brought something new to the table, yet that innovation did not bring trade volume and price rises. In the case of BC, they launched a good PR campaign as they rolled out their multipool and various developments which caused the price to run from a couple thousand satoshi to 90k satoshi.
I'm not downplaying the importance of innovation and development in any way, and realize how hard the dev is working in bringing out these updates, which I'm sure we all appreciate very much. All I'm saying is that we, as a community, also need to help out with the marketing and PR aspect of the coin. We can let the dev come out with all these cool features, and simply sit back and hope that people take notice, or we can be proactive and start pushing out the Blacktoken brand into trollboxes and spreading the word to these big traders and well-known personalities.
The most opportune time to begin this sort of aggressive campaign, imo, is just days or weeks before a big feature release (such as the tokenmixer beta, or the launch of the p2p tor chat, etc).
Unfortunately for cryptocurrencies, they're not like stocks where increased revenues or new research/development features will be noticed by people immediately and boost market health. Instead, there's no revenue to speak of, and most innovations are simply speculations as to what people
may want (no one is sure what features are needed in cryptos in the future, we can only develop and guess at it). Thus, it's up to us to spread the word and bring people in.
