Re: [ANN] BlackCoin (BC/BLK) | PoS | Multipool | Coinkite Launch June 1st!
And I've always appreciated this about you and BC. It's very refreshing to not hype half-assed ideas, but instead to deliver quality products/deliverables which has been a hallmark of bc. The disheartening part is that some big holders seem to manipulate the market for profit, sometimes based on things outsiders don't know. I suppose that's a part of capitalism and crypto in particular, but it doesn't make any less disheartening to know you're just a small holder being tossed to and fro by waves generated by whales swimming beneath you.
I'm right there with you, but part of the issue comes with some people's "investment horizon". Would we all love to see our investments grow by 100% per day, every single day, without retraction or corrections? Damn straight we would! We would all like to have a gold-bar-shitting-unicorn in our back yards too... but it's simply not going to happen.
If all you care about is BTC or (even worse IMO - fiat) then it's easy to get really upset when you are on the wrong side of a trade, or at least fail to significantly profit from the inevitable volatility in any coin - including BTC. In this case, and in others recently, we can see what happens when someone is much more concerned in profiting in the short-term over developing lasting value.
There are many who (despite being actively involved and invested in cryptos) still see this whole thing as nothing more than virtual tulip bulbs. These are most obvious by their emotional behavior - because they are manic when the swings and momentum are up... and then vitriolic and angry when the pendulum swings the opposite direction.
On the other hand, there are many - myself included - who are investing in (and rooting for) crypto currency as a whole. I think BlackCoin is the first crypto currency I've seen since BTC that actually has the right approach. But I'm fine with that being something else as well... what I'm not confident in at all is central banks, the stock market, and government fiat. I believe that even if BC doesn't end up in the top 2-3 spots in market cap... it can still be a huge success. Much of that will not really even have to do with what it's fiat-conversion rate winds up being eventually - it will be in how it leverages and secures the blockchain. As far as the developments in that direction, I see BC as being ahead of everything other than BTC (and in some ways ahead of that as well actually)... which to me says all it needs to about my investment.
If BC goes to 500K sats in the next 6 months... I will BUY some at that price. If BC goes back to 500 sats... I will BUY an absolutely retarded amount of it (and I won't apologize for ruining the distribution for a second). In fact, the only thing that will make me SELL is if I see more time/energy being spent on hollow promises and hyping irrational price spikes than I do on actually developing innovations for BC and all of crypto currency as a whole. When the price becomes the single most important thing to the dev team... THAT is when it's time to panic.