Does anyone have a list of the current, non-splintered threads for BlackCoin in BCT right now? It's hard to tell which one is the most current, tho it seems to be this one? There's a lot of selling after such a long idle drift downward but not much discussion about it. Cryptorush BC theft being liquidated maybe? Just spitballing here.
Edit to above: apparently this is down? http://www.blackcointalk.com/
Yes the site was abandoned by the original owner. We mostly use reddit now and blkfeed.com forum for separate threads
Is BlackCoin on its way out of the top 20 overall? I can't tell if this is a good profit opportunity (to buy in low) or a good popcorn opportunity (to watch it burn all the way down)... I always thought BC had really good ideas, but not such a great name. Same goes for NightTrader which sounds a little too close to Night Train (if you are in the USA you may know what that is). But... I'll say the name was perfect for the climate BC was started in, when alt buzz was was all anon this and stealth that for awhile.
Don't worry, blackcoin is currently #8 at http://worldcoinindex.com/.
Whoever is trading now is probably trying to hold the price down for buying or maybe riding the BTC ups and downs (the last BTC pump marked the start of latest BC downtrend), also all altcoins are having (another) hard time atm.
Whoever is concerned about the price should (if they do) stop all the stupid arbitrage trading for a few SAT margin. Every day you can read comments from persons who wonder or complain about the low price and at the same time boast with some coins they made with such trades, while they actually help to keep the price low.
While I agree with the (I think) intention of this post... it's illogical. Day traders (regardless of what the price they trade at) are only keeping the price down if they are divesting completely. If not, then they are contributing as much support to the buy side as they are providing resistance to the sell side.
If the liquidity shrinks to under 1 BTC volume per day, but there's no day traders... the price could be 100K sats... and it won't matter at all because it will be useless as a currency. A single decent trade will kill off the whole side of the market and BC will die. What is needed (IMO at least) is exactly the opposite... much more liquidity. Unless you dream of a world full of nothing but bagholders - there must be movement in the market... as that is people using the coin as money... not simply hodl'ing until it whimpers out of existence.
If more and more stores start accepting BC - that's BC that will be appearing on the SELL side of the exchange... if there aren't traders trying to squeeze some profits out of their portfolios, and little to no hype of something new to stimulate the buy side - they will soon stop accepting it and go back to fiat/credit. Some day there might be a full marketplace where a vendor can sell goods they can purchase in bulk using BC - at which time it's no longer a problem. That time is a long way down the road from where I'm sitting.
Again, see my post so you can understand what is going on:
http://www.reddit.com/r/blackcoin/comments/2mohjn/blackcoin_foundations_presentation_in_hong_kong/cm65fw8