[ANN] Blacknet BLN | Staking | Future of zApp & ZeFi

[svojoe]

Actually now that I've thought about it, I am really happy for the most recent dump, its weak-hands dropping again on the notion that the pool won't help that 'much'.   So the pool is buying 20% more coins now than it was 3 hours ago.   This not only gives me more BC for my hash,  But its likely to filter into more longer-term hands.    Anyone who gets BC at 7000k  is likely going to hold much longer than someone who got in at 3000.

The sooner we drop everyone who bought in cheap enough that they can only see small-time dollar signs at these prices the better we all are.

Think of it like a funnel,  the more we shake out the weak hands, the less, progressively there are coins in queue waiting to be dumped.  

I think we are heading towards a Event Horizon:  "the point at which the gravitational pull becomes so great as to make escape impossible"


What will happen is that through these dumps more and more BC finds its way into strong hands,  This makes the pool that much more effective at creating price-rise.   We are going to hit the 'Event Horizon' and it will be too late for most to escape (ie,  get BC cheap) because it will start a chain reaction and there will no longer be enough dumpers with enough BC to make a meaningful impact.

Then,  I will see you when you take a tour of my space-based vacation home

[damiano]

does bc pool buy on mintpal?

I thought they were cryptsy primary

[alison03]

looks like some crazy sell walls, one with 60 btc. lame.

Yep whoever is behind the big dump is trying to crash the coin. There's a 60 btc sell wall, with 7 btc and 5 btc walls next to it. They are trying to buy up your coins for cheap!

Andddd now it's pulled. I just transferred a little bit of btc in to buy in cheap too!  

[Jesse Livermore]

For those interested in day trading, this is a bullish candle.

Unfortunately, per Wyckoff volume rules, the top chart spikedown occurred with much higher climactic volume and will likely be re-tested before higher-highs can be made.
Disclaimer: I'm long lots of BC and don't day trade it.

And there's your re-test of the spike-low, however we made it on yet another spike in volume so expect another retest of THAT low now before higher-highs.

And there's your re-re-test of the spike-low, this time with lower volume than before....buying more now. Higher-highs ahead.

JL

[virtualfaqs]

looks like some crazy sell walls, one with 60 btc. lame.

Yep whoever is behind the big dump is trying to crash the coin. There's a 60 btc sell wall, with 7 btc and 5 btc walls next to it. They are trying to buy up your coins for cheap!

Where? I don't see this anywhere.

[alison03]

looks like some crazy sell walls, one with 60 btc. lame.

Yep whoever is behind the big dump is trying to crash the coin. There's a 60 btc sell wall, with 7 btc and 5 btc walls next to it. They are trying to buy up your coins for cheap!

Where? I don't see this anywhere.

It got pulled shortly after. I was trying to be quick to buy up some of their coins. 

[virtualfaqs]

Whoa whoa! What's going? What did I miss? Why sudden buy up to 8000 MintPal?

[chango]

Code:

2014-04-05 22:30:17	BUY	0.00007700	3865.70922077	0.29765961	0.00044651	0.29810612
2014-04-05 22:30:17	BUY	0.00007680	1008.78462800	0.07747465	0.00011621	0.07759086
2014-04-05 22:30:17	BUY	0.00007677	186.96227469	0.01435309	0.00002152	0.01437461
2014-04-05 22:30:17	BUY	0.00007674	1024.29498119	0.07860439	0.00011790	0.07872229
2014-04-05 22:30:17	BUY	0.00007664	101.93565398	0.00781234	0.00001171	0.00782405

People selling cheap!! oh well 

[btcprice]

For those interested in day trading, this is a bullish candle.

Nice analysis. It bounced off that 7700 bottom of the candlestick. Let's just hope that 7700 is a good support.

[jamieb81]

It seems like we are missing a lot of hashing power, compared to yesterday. Instead of passing 2GH because of Black Friday, now we are other way around down to 1gh. Sad, sad, sad...

well yeah, I also stopped as many other did with mining on the pool as it is so unprofitable...

[virtualfaqs]

It seems like we are missing a lot of hashing power, compared to yesterday. Instead of passing 2GH because of Black Friday, now we are other way around down to 1gh. Sad, sad, sad...

well yeah, I also stopped as many other did with mining on the pool as it is so unprofitable...

Explain to me what is going on here. The mining pool with the 100K bonus is not profitable so a lot of people are quitting? As a result the price jumped?

[Jherek]

It seems like we are missing a lot of hashing power, compared to yesterday. Instead of passing 2GH because of Black Friday, now we are other way around down to 1gh. Sad, sad, sad...

well yeah, I also stopped as many other did with mining on the pool as it is so unprofitable...

I would mine more, if that BTC tanking wouldnt make everything unprofitable. I hope the chinese soon finished fucking up Bitcoin.

[virtualfaqs]

It seems like we are missing a lot of hashing power, compared to yesterday. Instead of passing 2GH because of Black Friday, now we are other way around down to 1gh. Sad, sad, sad...

well yeah, I also stopped as many other did with mining on the pool as it is so unprofitable...

I would mine more, if that BTC tanking wouldnt make everything unprofitable. I hope the chinese soon finished fucking up Bitcoin.

Depends. If BC increases while BTC is tanking, then that's not a problem. I know that's tough to believe, but possible.

I bought low and sold high BC, Sold BTC for USD. Price of BTC went up so I ended up losing my profit. 

[Jherek]

For those interested in day trading, this is a bullish candle.

Nice analysis. It bounced off that 7700 bottom of the candlestick. Let's just hope that 7700 is a good support.

Yeah fuck, I did put sells above 9.5k when the pool started to go life because I did bet on increase of price. But instead frondend showed nothing but 504 and cryptsy kept the payment for what half a day or so. This made alot of people leave the pool and instantly price dropped again.
This coin needs a new hype. In the last hype with the first pool, we went from below 2k to over 4k. If we would get that now again, we had potential up to 12k.

[mr_random]

Mintcoin just forked...

[Jherek]

It seems like we are missing a lot of hashing power, compared to yesterday. Instead of passing 2GH because of Black Friday, now we are other way around down to 1gh. Sad, sad, sad...

well yeah, I also stopped as many other did with mining on the pool as it is so unprofitable...

I would mine more, if that BTC tanking wouldnt make everything unprofitable. I hope the chinese soon finished fucking up Bitcoin.

Depends. If BC increases while BTC is tanking, then that's not a problem. I know that's tough to believe, but possible.

I bought low and sold high BC, Sold BTC for USD. Price of BTC went up so I ended up losing my profit.  

That is a bit to volatile to bet on. Energy cost for my full GPU rig are like 500€/month here, that means I need to get more than 1btc per 30d just to pay energy cost, and then I want to keep some BC for further investments? Impossible (unless I get gridseed rig, but that had to ROI too).

[Jherek]

All crypto markets are just too bearish now, all because of BTC, bad news from China (bannings) and USA (tax) and Mt.Gox shock is still in place. BC keeps relatively good price for the situation, but it's also not profitable at all unless you have good skills in daytradings and earn from flucturations.

[virtualfaqs]

All crypto markets are just too bearish now, all because of BTC, bad news from China (bannings) and USA (tax) and Mt.Gox shock is still in place. BC keeps relatively good price for the situation, but it's also not profitable at all unless you have good skills in daytradings and earn from flucturations.

100K BC Wall pulled from 8100 sat! 

[alison03]

All crypto markets are just too bearish now, all because of BTC, bad news from China (bannings) and USA (tax) and Mt.Gox shock is still in place. BC keeps relatively good price for the situation, but it's also not profitable at all unless you have good skills in daytradings and earn from flucturations.

100K BC Wall pulled from 8100 sat! 

I bought some of it before it was pulled. Made me laugh.

[mr_random]

Punish the whales who try to manipulate and make them sad with your buy orders