Re: [ANN] BlackCoin (BC/BLK) | PoS | Multipool | Coinkite | WSJ | BlackHalo
I still have to say pump & dumps hurt normal people
On the other hand, the complete lack of any action is not good as well. Normal people hold bc, but also want to trade. I'm a bit skeptical with all this lack of any information. It is justified to a certain extent, but still I do not fully understand it. I mean people have attended the btc conference in Chicago and not a word has been posted on these boards, no news item on the web site, nothing on facebook. Twitter has some photos and some general comments. What kind of marketing is this? I don't get it. I'll be thinking again in the next couple of days all these things that have been posted yesterday by the devs. I am a bit puzzled. See ya all.
Well, obviously not speaking in any official capacity so it's purely conjecture on my part but... I think part of the reason you see more hesitant forward-looking BC development news is history. That's also the reason extremely long term investors (or 'bagholders' if you prefer) such as myself are much more tolerant of the situation with BC than with other similar coins. I wear the 'bagholder' badge with pride... sure it's disconcerting in some ways (if I'd dumped everything at the peak and reinvested at the bottom, I could have over 1M BC at this point)... but at the same time I have an exit horizon for BC somewhere in 2016 or 2017. With my other holdings I have exit points that are more like "Thursday" or "4 hours from now" - because I have no faith that they will even exist next year.
The massive manipulation (coupled with the massive misinformation campaigns and outright fraud) that occurred in the past are somewhat of a black-eye (pun intended) for this coin - and one that I think many that are committed are desperate to prevent at any cost... even if that means 16K sat prices for another 6 months straight! Being the flavor of the week is exciting for that week, and then you're left with the realization that many people lost money they shouldn't have been speculating with in the first place - and many others who profited off those people, have absolutely no intention of building and/or contributing to the coin itself. Most of them don't even believe in Bitcoin or the importance of the blockchain for the future... they are in it for fiat only.
I don't really care how many Bitcoins or USD my BC holdings are worth (not saying I would not like them to be much, much higher - but it's not of primary importance to me). What I really care about is BC getting to a point where I don't need to convert it into either for it to have value to me. When I can simply buy the things I want, and conduct business entirely in BC... that's when I will start considering my investment "matured". Until then it's the same as investing in a startup company in a VC capacity... it can easily be years of consistent losses. Then one day you wake up and you own 2-3% of Facebook, Apple, Cisco, etc... and suddenly those years of losing hundreds of thousands don't really seem to matter at all in the face of your 'free' millions.
