Post
Topic
Board Announcements (Altcoins)
Re: [ANN] BlackCoin (BC) | on exchanges | PoS | No premine
by
blade87
on 14/03/2014, 18:03:28 UTC
There just won't be the BTC volume to sustain that value

Sustaining a price is a PoW coin issue. It's a far different scenario when you have little to no miner/dumper coin generation. (reference to QRK after it was 98% mined followed by 3000% rise and even to this day after coming back to Earth it's still up like 1000% compared to where it all started)

In the end though, you are right that something is only worth what someone else is willing to pay. The multipool will be the foundation for whatever is to come for this coin. As long as interest is maintained or increased, price will continue to rise. With with that said, I absolutely expect whale dumping and flash crashing. Whales are on power trips and will do their best to try and control the market. But this is first coin that actually takes some of that power away from them.

If you're in it to get rich quick, you might be disappointed. But if you're going long, just continued support will work better on this coin than any coin available. Think about buying in at less than $1 million cap as being an IPO investor. Except this is about as fair as an IPO can get - you know the details and you even support yourself quite easily. Where anywhere in the crypto market is such an option available? Smiley

It may work. It may not work. Anything is possible. But this about the most of awesome of an experiment you can be a part of in this market. And this experiment will have a lot of "tests" for sure.