Quote from: jc12345 on April 25, 2014, 10:05:54 AM

Quote from: troiste on April 25, 2014, 09:32:51 AM

Quote from: jc12345 on April 25, 2014, 08:24:41 AM

Quote from: troiste on April 25, 2014, 07:59:12 AM

Quote from: rudius on April 25, 2014, 07:55:49 AM

Quote from: troiste on April 25, 2014, 07:47:55 AM

OH AND BY THE WAY FOR THOSE THAT SAY "BE PATIENT", I HAVE THIS FOR YOU: FUCK YOU!

TELL THE PATIENT STORY TO THE RIPPLE GUYS FOR EXAMPLE

FUCKING IDIOTS, REALLY STUPIDITY GETS ON MY NERVES

OPEN YOUR ASS AND PUT THE PATIENCE INSIDE AND BE PATIENT BY YOURSELF

I HAVE NO PATIENT I WANT THIS JUST HIGH

Some people just don t get it. They can t take the hit, and call for a pump? What do you want? A price good enough so that you can be out?

I have a secret for you. You will be shake off lower than you think. Continue to call for a pump and that thing will go lower and lower. The so called pumper that you are calling will pump it when there won t be any bagholders. They don t want people out while pumping, they want them to support their pump. That s the way any market works, and especially the altcoins.

So before calling for a pump "telling everyone you know that you want out", sell now or stfu. You are doing no good to your money believe me.

If BlackCoin starts going up fast there will be a Panic buy

He probably bought in at 90k.

@troiste, there is nothing wrong with a natural pump, because that is supported by fundamentals, or perhaps caused by whales. This is part of normal life. The problem with a orchestrated pump not supported by fundamentals is that the new level will not stay and price will fall below where it started. The pump will come when the time is right. The community must foster stability and not pump and dump schemes. The problem is that if there is a high percentage of speculators in a coin just looking for a pump and dump then a coin is dead. If the balance can be swung to where the majority of holders are investors then that means real growth. If this can be achieved then that would be great. Tell me, if you were a merchant selling for USD, and the USD exchange rate fluctuated to your local currency one day $10, next day $30, the day after $3, how are you going to do your pricing? Between you taking your proceeds back to fiat will cause huge fluctuations and not to mention the administration of changing prices on your products. As a merchant you will abandon the coin for something more stable.

What is the objective of the coin, to be rolled out to merchants as a tender currency or to be pumped and dumped for profit? As I understand it the objective is the first, therefore if a holder's objective is to speculate then move elsewhere. Having said this there will always be margin for speculation within the upper and lower bands. A stable currency is one of the most important objectives - in my mind this is not buying and selling shares, but something that can be used to buy and sell stuff with.

I bought at 2K.

Bitcoin is also used by merchants and is fluctuating everyday, if you want the Fiat boringness, use them, no need to use crypto currencies.

What do you want? "A stable currency", you want BlackCoin to be stable forever around the 10 cents?

This is not fiat, cryptos are pump and dumped many times and this is part of the process.

You say that with a pump and dump the coin is dumped below the price before the pump. But thats not entirely the case, look at BTC for example pump started when it was at $100, now after the dumps its still at $500.

I tell you, if BlackCoin now from one day to the other Skyrockets 100%, there will be a mass PanicBuy, many new investors will be in.

Many people are not in yet because they dont see the price increasing, they don't think "Now is cheap I'm going to buy", they think "Now is collapsing its gong to die, and I'm not stepping in"

Blackcoin is not like any other shitcoins we have huge volume for some time, if there is a pump everything will skyrocket, price, popularity, usability, etc. Dump will come but this is normal and I don't think the price after the dump will be lower.

Look at the last Blackcoin pump, started at what? 2 cents? Went to 40 cents, now is at 12 cents.... you see the price below the previous price? I don't.

Like I said many times, go and watch BTC chart since 2010, this is how a coin matures with pumps and dumps, and preventing them is like preventing the coin from growing.

Fiat stability would be great. Nobody said prevent a pump, just prevent an orchestrated pump. There is nothing wrong with a natural pump and nothing can be done to a pump that we have no control over eg. whale action. Pumps will come naturally at the right time because of positive sentiment. We need to attract fresh capital from the 3rd category. With 3rd category I mean a) small guy with a speculator hat on, b) whale with whatever hat on he chooses, c) investor wearing a long term hat that wants ROI over time that is higher than what he would get investing in other items like gold, blue chips, property etc. and some assurance that his investment is not going to lose half its value depending what time of day he looks at it. Of course there is higher risk that would increase cost of capital that is the inherent nature of this game. If we can prove that an investor can lower his cost of capital because of responsible actions and strategy over things management has control over, then we will succeed in attracting the fresh capital. At this point we have many a) category investors, in fact most of them, then there are some b) category that prowls around and then little category c). We want to increase the buy side with lots of investor money so that the lower level can be gradually increased. First prize would be such a large amount of fresh capital that it could make the category b) investors think twice before doing manipulation. Unfortunately category c) investors want stability. If management plays their cards right then then there can be a tilt towards category c) investors and if management makes mistakes the mix will tilt towards category a). When that happens instability will occur with the small fish bleeding attacking the category b) whale sharks to the feeding ground. Don't get me wrong, there is always place for speculators as they too provide capital and liquidity, one must just get the balance right.

The objective as I understand it for crypto is to make it the preferred tender instrument, quoting and paying with it due to low cost and transaction fees. For this fiat like stability is required. In an unstable environment, including BTC currently by the way, it is difficult to achieve this objective although many try. This will let merchants move towards third party providers that convert digital currency to fiat eg. Bitpay and in effect merchants then quote and pay in fiat. This ramps up cost for using crypto. This sort of defeats the purpose an then everyone can just as well go back to using just fiat.

on the bolded points...I guess I just think something can and should be done about the whales. maybe not group buys, but eating their walls at the very least. the only reason group buys came up i think is because not a lot of people have the funds individually to take a big bite when a 50btc wall suspiciously pops up. it will never completely be solved, but as i wrote earlier, tonight seemed like a good example of what can happen. take bites of whale walls and they pull them and are tentative to restore them again. price slowly gains!

and agree tho - pumps will come naturally too, but it's almost chicken or the egg. it happens when new investors are injected or on good news (periodically) as you mentioned. but why would they come when they see manipulative whales with big walls with fud in the forums and there are a million other 'cheaper' choices on the market? how do you convince them this is a good coin without sounding like an informercial? how do you wait for positive sentiment in a downward trend when cryptos are moving at the speed of light with new coins (clones) popping up each day? i already mentioned but 4...FOUR colored coins on polo already! when no news is out (like currently in blackcoin this week), a gain can spark interest and turn heads at the least. not saying to double the price. but just show green. show steps upwards. bring in new money and then on good news bring in even more!