Re: [ANN] BlackCoin (BC) | on exchanges | PoS

Right, to an extent. The largest wallet in this game is what maybe 1.6 million? Only a few people have the power to do some damage. I don't see anybody buying up a bag of 10 million at these prices just to crash the price to bits. One can speculate either way, I see the pendulum swinging toward a climb overall.

If you think these whales hold all their coins in a single wallet you're mistaken.

The coin will be dumped once the pool novelty wears off and no new investors come with more btc to sustain the high prices, the pool alone will not be able to sustain such a high value for a coin which no applicable use apart from being given in exchange for mining crappier coins and what do you think those miners will want to do ? Dump the coin to turn a profit

I'm not saying the pool is a bad thing, it's great seeing the community come together but the reality is everyone is in this for the money not the longevity of the coin and unfortunately that will be this and every other coins demise

Not disagreeing with every aspect of what you are saying. Nonetheless, I do think your designation of "such a high value" is quite arbitrary. Personally I think the present value is quite low, in comparison to where it is likely headed. Also, the fact that there are limited applications now does not mean they aren't in the pipeline. And indeed they are.

I've always regarded BC's true value to be around the 1.5 to 2k mark, however it is also high value after all things considered. There just won't be the BTC volume to sustain that value and as such it becomes a "high" value even if it should be the correct value. All these coins have waves of investment, when investment shifts focus to a different set of coins values of other coins have to drop as there isn't enough overall volume to keep all coins afloat at their natural floors (true value if you must). Once people get bored of this coin they'll shift focus to new coins and take their BTC with them which will lead to unsustainable prices and end up with a crash like we've seen with so many coins. It is the natural order of things currently with all crypto's and until we get more fresh blood investing in crypto's these cycles will continue

Yes, at the end of the day, a coin is 'worth' whatever the market will pay for it, for whatever the reason(s). The idea of 'true' or 'correct' value is a little absurd apart from this. Present price reflects not one but many factors, including hype, speculation, and the pricing-in of expectations. And those expectations may be based on real or purely imaginary information. That said, bottom line is I see a lot of promise here. More than in most coins at the present time.