Post
Topic
Board Announcements (Altcoins)
Re: [ANN] BlackCoin (BC) | PoS | No premine | No IPO
by
Subtuppel
on 01/05/2014, 13:21:51 UTC
So WC bombs and someone's driving the price down for BC. guess where the money from the upcoming giant WC dump is supposed to go.

I wouldn't really call a 400sat move over a few minutes "driving the price down", especially when there's almost no volume to speak of on either side, but it's definitely lighter on the buy-side .  Unless you are talking about a different exchange from Mintpal - in which case I'll shut my mouth. Smiley

Until the order book is more substantial I think we could see some dramatic swings in many coins... although obviously WC will likely be a bloodbath when/if it comes back.  Market movements (even amongst disparate properties) are contagious to some extent.  Rough waters ahead for a few hours perhaps.

I'm digging out some BTC paper wallets as we speak just in case. Smiley
(But I don't really expect anything too dramatic on the BC side - who knows... this might turn into a real bull-run as everyone flees shakier clone coins and returns to BC).
Well it is a bit conspiracy-theory - i did not only mean the lates price move on mintpal, but rather the "whole thing"  - the downward trend == price manipulation of BC started together with the whole WC scam and i would not be surprised if what we see now was exactly planned as it happened. There will be a few who get out of this mess with a lot of money...