Quote from: rpietila on April 13, 2014, 06:13:22 PM

Quote from: David Latapie on April 13, 2014, 05:56:11 PM

What do you think of 1) Blackcoin (look at this chart on the three month lenght or else on mintpal) and 2) the poster's summary? Do you thing, to related with your answer, that Blackcoin is one of those "things that can go really high."?

I don't know what is blackcoin so that I could have an opinion on it.

It is obviously one of those things that "can go really high". Real estate and gold are examples of things that cannot, I meant that you should not buy them with an intention to cash out your original investment, rather they are to be accumulated and never sold. Also stocks I don't recommend the method because you cut your winnings and let the losers run, the opposite of what is prudent.

The spirit of my plan is also that you start selling only after bitcoin/whatevercoin has become a significant part of your portfolio. Then periodic selling also satisfies the Kelly criterion.

EDIT: Blackcoin resembles Quark in that it is practically premined and its price can be decided by the preminers. Quark made the preminers rich when the premine ended and pump began, but it has been going down since taking the sheep with it. Don't buy blackcoin.

You my sir.. Are absoluty the biggest idiot on this forum I have come across so far.
What the fuck. I bet since you have so much status here you think you can tell BULLSHIT like this and people will lissing to you so you can buy all the coins up. Blackcoin WAS NOT PREMINED. Go check your facts. At the exact time it was announced that people could start mining it. It started. 1 week of full mining. The DEVS DID NOT EVEN MINE COINS!!!! And when the coins were all mined. Soepkip did not even had more then 25k coins.

So go away with your stupid fud.
You just can't have it that you missed it or you had trust in another coin like ltc or ppc but nothing happend.
We are FAR superior to bitcoin. Bitcoin just has the advantage of being the first and having the media attention behind it that it has head. Blackcoin can't be mined anymore, has a multipool to support buy support. And it has 10 second comfirmation times