Quote from: IconicExpert on June 02, 2014, 02:08:42 PM

Quote from: virtualfaqs on June 02, 2014, 01:12:18 AM

Quote from: IconicExpert on June 01, 2014, 11:38:32 PM

Quote from: virtualfaqs on June 01, 2014, 08:56:37 PM

Quote from: IconicExpert

Facts & Assumptions

Everyone is entitled to his/her opinion and I will respect any legitimate argument. However, it seems some facts have been forgotten and/or intentionally ignored.

1.) BlackCoin is less than 2 months old.
2.) It has gained 1440% in value since launching.
3.) BlackCoin is traded on over 17 exchanges and counting.
4.) Myself and a few others are working on some groundbreaking services/products that will help increase BlackCoin value.

As I stated above everyone is entitled to their opinion, and if you feel BlackCoin doesn't have a future then respectfully you should sell, I will happily keep buying your coins. I support BlackCoin not because of emotion or naive optimism, I support BlackCoin because of the developers, community, metrics, and it's future potential. Unfortunately many people who currently trade crypto-currrencies do not have much experience in trading, nor do they have a firm understating of crypto-currencies in general. October 1st 2013 Bitcoin was trading at $127.00, and by November 29th 2013 Bitcoin was trading at $1,109. That is a 773.23% gain, compared to BlackCoin 1440% gain.

Lets do some simple math and predictions based on history and conservative estimates. Based on March numbers lets estimate BlackCoin value will grow a steady 360% each month.

April 30: $0.12
May 31: $0.43
June 30: $1.54
July 31: $5.54
August 31: $19.94
September 30: $71.78
October 31: $258.40
November 30: $894.24
December 31: $3219.00

Now obviously the growth will not remain steady at 360% each month. Some months it will be more and some month it will be far less. Some months it will remain level.

So those of us who understand how the market works and realize BlackCoin is not just another Alt Coin will be smiling all the way to the Bank by the end of the year, while people who wanted quick cash will be asking themselves "WHYYYYYYYY"?

Darn. We missed our May 31 goal, by $0.15

Maybe June will be more accurate

You're still here? Ok. Did you buy back BLK? And what's your prediction for June 30?

I am always "here". No I didn't buy back but I am interested in seeing what happens.

When I made my predictions it was based on sustained growth and what I was planning on doing with BC in regards to marketing...etc..etc. I shared some of those ides when I recently promoted another coin Wink

.

As it stands now the price will remain roughly the same for weeks and months to come. You will see sharp increases at times, and also dips, but the price will not go over $0.50 cents for quite some time.

I will be the first to admit BlackCoin is one of the only coins that has almost everything in place. The new website looks great and there is an actual infrastructure being built around BC. That is the reason why this coins hasn't vanished like so many before it. However, BlackCoin like many others is now at the stage of bringing in new money. Think about it for one second. Our community is very small and the investment money coming in is by basically the same people. We move our money from one coin to another. Sometimes we pick the right coin, sometimes we don't. But the cycle continues, that is why usually when one coin is being pumped, another one goes down. With all the competition fighting for investment dollars the money is spread thin. That is why I warned several weeks ago that BC had to grow fast and lock itself into position before all the new coins were launched. Now unfortunately BC is stuck because there is no new money to pump in. BC isn't the only coin that suffers from lack of new investment money, all alt coins suffer from this.

I know everyone was excited about CoinKite and weeks ago I made a post and predicted that BC would see very little increase from the CoinKite partnerships. I wasn't "hating", I just knew that most people would have already known about CoinKite by June 1st so it would not make them invest more money in BC because of it. CoinKite was already factored into the price when it was announced several weeks ago.
People will now have to wait and see what the PR firm has planned to bring in new investment money.

This is a very good synopsis of why cryptos seem locked into a constant cycle of pumps and dumps. It is all the same money changing hands currently.

However, there has been some growth happening. As bitcoin recovers, it will also cause more money to come into cryptos, because if bitcoin doesnt have real world adoption, no other alt coin will. If bitcoin starts getting the adoption, alternative coins with great infrastructure will also see gains.

Growing fast and locking in higher positions will not happen until then, no matter what marketing gimmicks or promotions happen. The reality is, all of this will take time. But during that time, everyone should be doing everything possible to mature blackcoin to be ready to ascend when bitcoin gains more and more traction in the mainstream.