Post
Topic
Board Announcements (Altcoins)
Re: [ANN] BlackCoin (BC) | PoS | No premine | No IPO
by
valarmg
on 25/04/2014, 12:21:39 UTC

+1
Whales will be happy to sell their BC if you pump it
Then the price will fall again to the same price now
What is the goal? Make some whales rich?

Make more projects and the price will go up naturally!


True. No reason to think a pump will create a higher floor. Whales will get in at start, sell near the top and make money from those who are doing the pumping. A pump could just as easily create a new floor, as people see an opportunity to profit take and everyone dumps out when they get a chance and might be hesitant to buy back in again.

Also, can everyone stop quoting terrible posts (especially those with bigger fonts/and or red writing). Just replace the post with the word SPAM or DRIVEL in the quote section. That way those of us who have figured out who to ignore don't have to see their rubbish when others quote them.