OK - Can't take this anymore...dont agree with any of this - this is the real picture I am seeing:
-Pretending the new stake coins dont exist is the dumbest thing ever.
-Market is becoming nervous at BC competition and how much of it there is and BCs jekyl and hyde response
-People thinking on next BC dump (dump #3) people wake up to-50% and some of the new stake coins up 600% (for whatever reason) and start taking profit out of BC for the new coins to make some $
-At that stage people thinking what is unique about BC? - not tech, not stability, not price performance, broken promises and angry noobs.
-you can see this starting now with BC trend slowly turning south with flight to quality to coins like DRK which have actual unique real world features and more importantly not many people know about (like BC 2 months ago lol).
-so yeh, price crash again, dont buy now, order at 20k if you want, dont sell the family jewels tho lol.
invest carefully....
thanks
investment 101:
1. take BC graph, draw vertical line at the peak
2. left side - write 'pump'
3. right side - write 'dump'
Just remember Jeffminer your real picture will be different from everybody else "real" picture as everyone bases their own reality on personal experiences
My "real" picture view on Blackcoin If you are willing to consider another perspective is:
1) were not pretending that clones don't exists I just don't feel they will be as successful based on the fact that;
-Most clones fail
-Most have single developers who copied and pasted code (look at sokeip post Blackcoin has 10 people working on it 16 hours a day!)
-Most lack market acceptance (Not on bigger exchanges, No merchants, no USD/EURO/GBP market, COINKITE merchant terminal)
-Most if they have multipools to buy the coins are not at the technical level of Blackcoins they still have to manually switch and change then payout; not close to the hashing power of blackcoin which provides buy support of the coin currently about 60-70btc per day so at the current market cap 13,933,126 the mining pool could buy every coin in existence within 405-472 days assuming everybody wanted to sell at current price levels. Also the mining pool has dropped off and when the KNC miner prize comes in we may see are pool rocket again up to the point it has almost 150btc worth of buys per day! (I think that was historically the most we got two in our short 2 month history)
2) I don't see it as market becoming nervous, simply profit taking! Some may speculate in other clones and although a few may do well the majority will get burnt as clone coin history has shown us! If I am understanding your point correctly the Jekyll and Hyde comment more refers to some users on this thread who as I understand it make their own decisions and statements. Doesn't mean its a community consensus (ie. a lot of us myself included did not think a "community pump" was a good idea) Its not that their is two sides to black coin just a lot of different people with different opinions trying to all do what they think is best for the community and the coin (and a few for themselves)
3)"What is unique about BC? - not tech, not stability, not price performance, broken promises and angry noobs."
-Tech; first coin to come out of POW/POS were not going to change the "tech" every week it is far too complicated and would do more harm then good
-Stability/Price performance; You say its not, I say it is! 5 weeks ago it was $0.017 cents, 3 weeks ago it was $0.034 cents, 2 weeks ago it was $0.07cents, Last week it was $0.11 cents and this week it is $0.134 cents. Are these the lows, Yes! Did it fluctuate and go up to $0.40cents, Yes! Is it in a long term downtrend displaying poor stability, price performance, and steady growth? NO!
-Broken promises: What promises have been broken? Did the devs abandon the coin...NO Did they create a multipool like they said they would? Yes! Have they kept it running and stable? Yes! Did they/ are they continually marketing with PR releases to spread the word about black coin, Yes!
-Angry Noobs: Why cause they bought at the top? They are lucky they were smart enough to at least buy a coin that is still continuing to go up week after week. If they are angry because they didn't make 1000% in a day then welcome to the real world. Go to any financial institution and you would be lucky to make 20% annually on "high risk" investments.
4) As above it has been trending up week over week not down if you look at the lows we hit each week. You say DRK is a quality coin with real world features (How man merchants in the real world accept it?) You forgot to mention that the anonymous features of the coin are also why a lot of Countries wanted to Ban bitcoin in fear of those features and you may lose your entire investment if they were to Ban DRK coin (That being said, it doesn't hurt to have some, and it could do well; I hold some as diversification never hurt but don't forget every coin has its negatives as well)
5) Will the price go down to 20K? Maybe, maybe not; 27k might have been the new low. I know on the last dip people trying to get in under 20 ended up buying at 25k because they didn't want to miss the next run up. The dips happened quick and it recovers pretty quick!
Lastly your investment 101: Show me a single market let alone a Crypto currency that has not had a "pump in dump" Do you consider Silver/Gold/ Housing market/ Bitcoin to simply be "pump and dumps" with no other value simply because it has happened before? The logic that because it has happened it is only a pump and dump coin seems flawed to me.
Anyways just another point of view to consider as you don't agree with some, I don't agree with many of your points!
