BlackCoin ($BLK) A Proof of Stake Coin 1% - 8% Per Year!Based on their website data:
-Blackcoin was the first coin to go full proof of stake.
-It is also the worlds first coin to have working smart contracts.
-In early 2014 Blackcoin was the first coin to combine POS with a multipool. It was so powerful it was nicknamed the "Blackhole".
THE ANNUAL INFLATION OF BLACKCOIN
It is a fixed amount of BLK due to static block reward, and a slightly less inflation rate year on year because of that.
The block time target is 64 seconds, so working that out per year (60/64 x 60) x 24 x 365 is 492750 1.5BLK block rewards in a year which is 739,125 new BLK per year roughly. As of right now, 739,125 is 0.972% of the total supply of 76,034,138BLK.
This 0.972% is distributed to only fraction of the shareholders, the ones who stake. The reward rate is above 1%, average 4-8% annual depend on time and amount of BLK staked.
That means if only 20% of coins were being actively staked, you could actually get around 5%/year for continually staking, since 80% of people (avg) weren't staking and get nothing.
Latest update of them on their official "Binaries of Blackcoin-More for #Linux, #Windows and #Raspberry Pi are already being tested. For #Mac OS soon, too." Their progress solid so far, even though looks like for the last few months don't really consider this one just like i'm, but i think you need to consider to buy the dip because this just might be dark horse candidate.
From my perspective, all it takes to rebrand and continue to develop their products.
Targets just follow fibonacci. Will post a closer look on the update below.
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Black
RVN: The Black Chicken Wanted to chart Raven here, there has been a lot of moves made with this coin throughout 2018.
I have had some small bids fill around the 380 level, as 355 sats is acting as a nice level of support. Some resistance around 500 sats, for now it appears to be ranging between 355 - 500
I could see the 355 support breaking down if the market takes a significant downturn, and am somewhat neutral with RVN where it is. In terms of taking a bigger position, I would wait to buy a dip or trade off the breakout, you may end up bag-holding if you load up in these ranges. Not to say it won't go up from here, that is a possibility, but the price action as been a little lacking recently.
No longer posting links in trading view descriptions, but you can find my twitter in my trading view profile bio. I have a discord group which can be found on my twitter.
Disclaimer: I am not a financial advisor, and this should not be considered in any way finance advice. Never invest more than you can afford to lose. I am just a Dragon.
Probability favors 1 more bearflag breakdown b4 BTC can reboundA break down from the flag is the most probable direction here...most likely just in time for Black Friday...the stoch rsi seems to concur with me...I will be taking advantage of those Black Friday prices and stocking up. You make your own decisions though because financial advice is not included here. Thanks for reading and good luck!
BlackCoin Has Proved It Worthy Following the previous idea on BlackCoin , it has proved it worthy, while it broke above the strong resistance area between $0.35-0.4 and went above our upside target that was at $0.95.
Currently, BLK/USD corrected back to the previous resistance area: $0.35-0.4 which has been rejected together with the 4/1 Gann Fan trendline. The uptrend is likely to continue, although it is questionable whether BlackCoin will manage to produce a new all-time high or will form a double top at $1.25 near the previous high, as this is where the first strong resistance is. Break above the $1.3 should confirm a long-term uptrend, while the break below the $0.36-0.44 support area could invalidate bullish outlook.
BLK/BTCSeems like BLK realy likes to repeat it's patterns in a very steep angle of uptrend rises. I would like to hear some PROs comment on BLK coin.
Blackcoin Long Term MoonBlackcoin broke its downtrend and seems to be heading back to the top of its channel. This alone would bring it to around 0.00018500 (+130%), but I also think that after this run it is likely to maintain an uptrend towards the double moon
Oil is doomed?From a purely technical perspective I think we're incredibility close to a short term bottom now, even with a lower low in the weekly it is still printing a bullish divergence in the RSI here.
Currently, geopolitical factors plus the record short relative to longs position are a huge tail risk as seen today from the US EIA oil inventories (-3568K vs +1300K expected). Mainly a short covering event.
Keep a lookout for some reaction once oil hits $32. It could be a huge buying opportunity for UWTI or CL1! $44 call options.
Until then, the stage belong to the bears.
Oil drillers - way overdue for a huge bounce This is a time where all fundamentals about the oversupply of oil, glut, and worsening global economy should be ignored.
It is simply so oversold that it in the near term it will vastly outperform most other assets. There's simply a limit to how low it can get before it bottoms.
No, WTI (USOIL) isn't going to $20 in the near term yet. I do see a possibility of it testing $48~51 range again.
Seadrill Limited (SDRL)
Almost 20% away from the lows made in 2009.
Price have not recover the slightest bit despite oil price recovering recently. Near term target is $9.5 range.
Best of the 3 drillers and current price is a huge bargain here! I am accumulating this at current levels.
Transocean LTD (RIG)
Price recovered 27% from the recent lows.
Not much opportunity unless you're going to hold it for over a year, a recovery to $26 is almost entirely possible. I would wait for a retest of $12 to pick this up.
Diamond Offshore Drilling Inc (DO)
Keep a lookout for $17~19 level for longs. I don't see much demand in this relative to SDRL and RIG yet.
WTI price:
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Good luck :) and have a good trade.