For those saying we are going up without reason and it is a pump/bubble...think again.
There is looking to be a direct correlation between the multipool growing and BC price increasing.
Over the past 3 weeks it has roughly worked out to about a 7k price increase per 1 GH/s of multipool mining power. Recently this ratio has increased to about an 8k-9k price increase per 1 GH/s increase in the multipool. Also, this is not taking other Blackcoin multipools into effect, just the official one which I've been watching day-in/day-out.
So the more miners, the higher the price. Simple, rational, logical.
I speculate that we are just starting to get LTC miners here and look at the size of LTC mining.
Overall, we will be in a speculative frenzy/bubble when the mining power more-or-less baselines while price rockets.
And that will personally be my first sign to take some profits at least in the short-term.
yep. new players are discovering blackcoin. new money every second, which generates more interest, which feeds the multipool which buys more btc at market price , which increases the market cap which generates more interest, which introduces more money into bc.
since there is no massive players in bc (like 5-10% of holdings) who can control the price?
Without high inflation to acted like a valve there is no pressure release
THIS IS THE GOLD OF CRYPTOCURRENCY. DO YOU GET IT NOW? people have no idea yet
