Quote from: coinxcoin on May 04, 2015, 01:02:00 AM

Quote from: jesselivermore on May 03, 2015, 10:45:42 PM

Quote from: Jesse Livermore on May 03, 2015, 08:22:05 PM

Quote from: jesselivermore on May 03, 2015, 11:01:35 AM

I'm only locking up about 100 million coins. We can trade with the rest ;-)

Nice name. This is a shit-coin, newbie. Run away now.

Hahaha. Son, I was trading futures while you were still in diapers, and trading crypto when Vircurex and BTC-E were the only games in town. Learn to read a chart:

http://www.thebitcoinchannel.com/wp-content/uploads/2015/05/FLO.png

For the benefit of anyone stumbling onto this thread.
1) The chart is meaningless. Florincoin has always been aggressively traded and the recent spike doesn't reflect anything natural.
2) But.... florincoin is a good long term coin. Data coins will probably do well and florin has a lot of positives.
3) But... the 'block tech' thing looks dubious. It does not look like a project with real commercial possibilities. Rather it looks like part of a florin pump.
4) But... the basic idea behind block tech, although probably not commercially viable is one of the reasons data coins will do well. And if block tech is successful it's long term value will not be 'block tech', rather it will be 'florincoin'.

So to sum up, block tech looks like a florin pump, but it is likely, based on florin's trading history, that the 'pump, may actually be the latter stages of someone having cornered the florincoin market. The block tech people may have bought enough florincoin that they can stabilize the price at any level simply by buying the coins that are being mined.

If that is the case then their plan is probably to continue holding until the cryptomarket recovers. So the last several weeks were the beginning of a 'pump' that won,t have a dump until the market is strong enough to absorb the coins they have at a higher price.

A person should ignore all the hype. Florincoin is an okay coin that has possibilities but is being pumped based on something that is questionable.

If block tech does the work of making florin a genuine data coin used to hold meaningful information, torrent links or whatever, and if the timing is early enough and the marketing is done well then florin could do quite well. Data coins are a wide open field ready for a lot of projects.

But if block tech cashes out without developing the coin and using the data feature then florin will flounder.

This was your first post I see. Charming.