Re: [ANN][DRK] DarkCoin | First Anonymous Coin | First X11 | First DGW | ASIC Resistant
IMO BlackCoin could be serious threat to DarkCoin. As a community we should take it seriously:
1. If BC implement DarkSend, DRK could be doomed
2. BC multipool is going to use X11 (this is already happening, it is just a matter of days)
3. I think that more "average Joe" kind of people will consider DarkCoin just a copy of BC because they will firstly hear about blackcoin, which is a big hype nowdays, and they have great marketing(Apple is big copy-cat, but people find it innovative ).
1. If BC implement DarkSend, DRK could be doomed
2. BC multipool is going to use X11 (this is already happening, it is just a matter of days)
3. I think that more "average Joe" kind of people will consider DarkCoin just a copy of BC because they will firstly hear about blackcoin, which is a big hype nowdays, and they have great marketing(Apple is big copy-cat, but people find it innovative ).
People pump BC because of speculation, not because any real value/use, and people keep buying just because they don't want to miss it, just in case.... until dump starts. Once a few big whales dump at once, people will panic, and the coin will recover from some of those panic dumps, until the hype is not enough to keep it up.
Coins without a real reason for existence end up dying, and BC doesn't have any real life feature, just speculation.
Personally I think BC is pumped as a laundry for hacked BTCs.
Cryptsy top 9 volume:
BC/BTC BlackCoin 5558 BTC
DOGE/BTC Dogecoin 713 BTC
LTC/BTC LiteCoin 417 BTC
ZET/BTC ZetaCoin 312 BTC
VTC/BTC VertCoin 118 BTC
AUR/BTC AuroraCoin 106 BTC
ZEIT/LTC ZeitCoin 45 BTC
DRK/BTC DarkCoin 41.4 BTC
NXT/BTC Nxt 36.3 BTC
Yeah, sure 5558 BTC, >10 times the BTC/LTC volume. Ok. Someone had a couple thousands BTCs around and said yeah let's throw them on blackcoin...
My guess is that most of these BTCs of the last few days (let's call him primary buyer) are probably "problematic" to cash out for the "owner" and is thus pumping or even trying to buy an altcoin... but not any altcoin: BC which is also prone to 51% monopoly advantage for the owner (!) - lol. But it would be somewhat irrational if the 51% controller undermined the network as he would lose himself through a blow to the currency's reliability. Unless he doesn't care.
The buying pattern is irrational with no serious periods of adjustments to buy back more for cheaper by panicking "oh it's gonna fall soon" guys... and I kind of remember our own pump to 0.008 that exhibited similar irrational behavior, and it had ...330 stolen BTCs. You just don't spend thousands of BTCs like no tomorrow if you've earned them with mining, trading, investing etc or if you bought them with fiat, knowing full well that you are creating a bubble that you will be unable to dump to other parties. It's a sure loss (unless you know the future and it's ...BLACK
)