Ninjastic
PostEdited versionsQuotes to this post
Post
Topic
Board Announcements (Altcoins)
Re: [ANN] BlackCoin (BC/BLK) | PoS | No Premine - No IPO - ONLY OFFICIAL THREAD
by
Subtuppel
on 22/05/2014, 20:15:08 UTC
Quote from: coinpredator(return) on May 22, 2014, 08:08:39 PM
Quote from: acseric on May 22, 2014, 07:21:33 PM
Quote from: Subtuppel on May 22, 2014, 06:35:43 PM
Quote from: yvoboy on May 22, 2014, 06:32:26 PM
Im just looking at the order depth chart... Blackcoin might go sky high!
Would be nice, but don't expect too much. We thought that often. The problem are the instant selldowns "off the order book" and huge sell orders appearing 20% under market as soon as the price threatens to break out. Same old story for weeks now....

Yeah the price suppression has been very aggravating.  Isnt the multipool and blackshield supposed to help with this? 
This could even happen, but do not be elude by the depth graphic because it is totally useless at this moment of the championship, several attempts pump the prices were frustrated by dumps between 20K-25K, the depth graphic and The Orders book are a big trap. If you are looking to buy some blackcoin, buy and hold, regardless of whether the price rises or falls, I think the BLK have not yet arrived into the deep end, but I honestly I would being wrong about it.

Would be necessary a few more weeks to see how far the sellers will withstand the low volume and forfeit patience and then start pouring big, If we have a herd behavior dumping BLK our situation will greatly complicate. Huh

Well, the network hash rate is at 28.776 Mhash/s which is close to an all time high (since the end of PoW, of course), so lots of people have their coins off the exchanges and have them staking.
That's certainly a good sign.