Pointing out a legitimate bubble is not FUD. There's no uncertainty here. There are clear patterns in the alternate digital community and I provided two good examples. Each time there's a downturn in digital currencies some random coin is always pump and then left to die.
There's no incentive for subsequent investors to come in and buy BC when it's valued at $10 million as the ROI isn't there anymore. Meanwhile the Whales, who bought in for pennies when the capitalization was less than $100K, have incentive to convert their BC into BTC or a portfolio of new alternates.
First you have to stop comparing BC to other alt coins. That is like comparing a Kia to a Ferrari. Yes you are right other coins are pumped and then when the ROI is not there anymore investors sell off and pump another coin. I dumped roughly 9 Million Mint weeks ago and bought BlackCoin. I haven't sold my own personal holding of BlackCoin and I wont. BC is the coin where investors come for stability and preserve their wealth. You also have to factor in many other coins have one or a few people holding millions of coins. BlackCoin is fairly distributed so a massive dump from one or a few people is not likely to happen. As BlackCoin value continue to increase and more people hold it, the chances of a dump because less possible.
I also want to point out many other coins can't be used to by things. We are quickly overcoming that problem, and the devs and myself are working behind the scenes to make sure BC can be used as a legitimate currency.
So BlackCoin is the real test to see how viable can a POS coin be with all the right ingredients.
0.24 cents in about 12 hours and $1.00 by the end of the week. Stop. No one can argue that it hasn't had an amazing run but this is ridiculous, especially in such a short time frame. I'm long BC as well and would love to see those levels but at $1, you're looking at $60+ million of fresh capital being injected with the market cap skyrocketing to the number 3 position.
At this rate anything can happen, there's plenty of opportunities to be a skeptic but BC has proven skeptics wrong time and time again. A further push, DOGE holder switch, stronger hold and whoosh. There's plenty of unrealized potential with money already in alts to raise the value, we don't need McDonalds cashiers putting their life savings in to maintain and increase the value .. (yet)
I'd love nothing more than to be proven wrong but it's these bold targets that set unrealistic goals and sucker newbies into thinking that this coin will more than 10-fold their investment in a week's time. Given the right amount of time, I certainly think that 50-75 million dollar market cap is within reach. And lord knows, if we break 100 million, no telling where it could end up. Having used a variety of alts, the 10 second transaction time with BC is fantastic and puts others to shame, especially if this is going to have real-world purpose for brick & mortar merchants. Also, the lack of environmental impact that POS provides vs POW is worthy in itself.
Did you read anything I wrote or did you just click quote? This has already
happened multiple times in a
WEEK, it is not fantasy. BlackCoin value increased 350.7% since the first of the month. Before arguing your point please review the charts. Just in 24 hours BlackCoin value doubled...
yes doubled. IF it doubles again tonight then expect to see $1.00 by the end of the week. I am entitled to my opinions and predictions as you are to yours.
I've read everything you wrote, but past performance does not guarantee future results. This is the exact kind of exponential growth that hurts prices in the long run. Prices need time to consolidate with willing sellers locking in profits to new/existing holders that see value before moving higher. If not, you're not giving levels of solid support when the rush of supply hits the market.
I understand you wrote the PR and got it out there but it's a few hundred to release a PR on one feed that gets picked up by others. Perhaps there is some Wall Street capital invested in here but probably not as much as you think or are hoping for--if it really was, the market cap would be substantially higher because millions are a drop in the bucket for institutional firms.
You are entitled to your opinion and I'm by no means saying you are wrong to have one. I just think you should be a bit careful in throwing out price targets on such short time frame as it gives off the vibe of a P&D, which really is the last thing you want associated here. I do think $1 is possible, absolutely, but in a week, no. Again, I'd love to be proven wrong (and certainly welcome it), but by saying such short-term targets, you are opening up disappointment to anyone that starts believing it.