Stratobitz



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LegendaryActivity: 966Merit: 1010Project Director - HALO coin Re: [ANN] BlackCoin (BC) | on exchanges | PoS | No premine April 17, 2014, 05:11:41 PM #20333 Here's the truth. There is so much action with this coin right now. Yes whales dumped, but that isn't what caused the crash to 14. It was panic. All the small time traders bailed out also.



Yes there are whales sitting and watching, but they know this coin is going to do nothing but inch higher and higher in the coming days



We will see 40s, 50s, 60s, I wouldn't be shocked if it hits 100. The whales want to cash out and start the dump as HIGH as possible. The buy orders right now are too thin.



I would get cautious once we enter 65-70 territory. But just keep an eye on the buy orders. That is what whales need to sell. Large buys ON the books. That doesn't exist now. It's just bouncing a bit... Slowly up.



Still looks like a buy to me.

MuffinMaster



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Sr. MemberActivity: 910Merit: 253 Re: [ANN] BlackCoin (BC) | on exchanges | PoS | No premine April 17, 2014, 05:16:33 PM #20336 Quote from: colinfx on April 17, 2014, 05:13:00 PM Quote from: Stratobitz on April 17, 2014, 05:11:41 PM Here's the truth. There is so much action with this coin right now. Yes whales dumped, but that isn't what caused the crash to 14. It was panic. All the small time traders bailed out also.



Yes there are whales sitting and watching, but they know this coin is going to do nothing but inch higher and higher in the coming days



We will see 40s, 50s, 60s, I wouldn't be shocked if it hits 100. The whales want to cash out and start the dump as HIGH as possible. The buy orders right now are too thin.



I would get cautious once we enter 65-70 territory. But just keep an eye on the buy orders. That is what whales need to sell. Large buys ON the books. That doesn't exist now. It's just bouncing a bit... Slowly up.



Still looks like a buy to me.



+1 agreed

+1 agreed

BC is a strong buy over the next 48 hours till about 60k, unless something fundamental changes (like confirmation on the Tim Hortons thing)



BC would will need some time to consolidate at these prices.



Next week with the release of the blackcoin wallets, I could see BC taking another run at 100k BC is a strong buy over the next 48 hours till about 60k, unless something fundamental changes (like confirmation on the Tim Hortons thing)BC would will need some time to consolidate at these prices.Next week with the release of the blackcoin wallets, I could see BC taking another run at 100k

Stratobitz



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LegendaryActivity: 966Merit: 1010Project Director - HALO coin Re: [ANN] BlackCoin (BC) | on exchanges | PoS | No premine April 17, 2014, 05:16:45 PM #20337 Quote from: Stratobitz on April 17, 2014, 05:11:41 PM Here's the truth. There is so much action with this coin right now. Yes whales dumped, but that isn't what caused the crash to 14. It was panic. All the small time traders bailed out also.



Yes there are whales sitting and watching, but they know this coin is going to do nothing but inch higher and higher in the coming days



We will see 40s, 50s, 60s, I wouldn't be shocked if it hits 100. The whales want to cash out and start the dump as HIGH as possible. The buy orders right now are too thin.



I would get cautious once we enter 65-70 territory. But just keep an eye on the buy orders. That is what whales need to sell. Large buys ON the books. That doesn't exist now. It's just bouncing a bit... Slowly up.



Still looks like a buy to me.



Just to reiterate. A 150 BTC sell off of BC would shoot this coin into the teens. A big dump is not going to happen anytime soon. There's 4000 BTC volume a day alone why would a large BC holder do that. When the opportunity exists to sell 500 BTC and stay above 30, that my friend is when you want to watch out.



Whales aren't stupid. They pay close attention to "what is possible" and right now a big dump would be a dumb move considering the momentum of this coin, the fact the orders are not there to sell to, and the low risk they possess with so many coins. Just to reiterate. A 150 BTC sell off of BC would shoot this coin into the teens. A big dump is not going to happen anytime soon. There's 4000 BTC volume a day alone why would a large BC holder do that. When the opportunity exists to sell 500 BTC and stay above 30, that my friend is when you want to watch out.Whales aren't stupid. They pay close attention to "what is possible" and right now a big dump would be a dumb move considering the momentum of this coin, the fact the orders are not there to sell to, and the low risk they possess with so many coins.