I am going to do my first blog post in a bit on the somewhat controversial subject of day trading. To some people it is the most evil thing that one can do and to others it is a life blood from which to live. There are of course a number of people in between those two points, but most people have some kinda opinion on it.
In full disclosure I make the whole of my living in digital currencies, I have bought, mined, and traded through a handful of them. I am by no means rich, nor do I have the best track record when trading. I can also say that other than bitcoin its self I have never stayed with one coin as long as I have with blackcoin.
All that aside I believe normal day trading is needed, people need to be able to sell or buy when ever they want. You can see the problem right now that there is a lack of traders in blackcoin. We have holders that are not selling, but every once in a bit someone has to/wants to sell some. Since we have a low volume of trades being done at anyone time these sell offs drop the price and a recovery is not quick at hand there for cementing in a new lower floor for the time being.
This is of course not to say we need pumps, which always lead to dumps. What we need are just normal traders who see a short term value. It is true that the traders keep a coin from raising very fast but they will also slow a coin from falling very fast. A lot of people are always helping with blackcoin, and we have some good things coming up. I would just like to remind everyone that posting on the forums or just a little promotion can help bring a bit of movement to the coin. Even if that moment is not so much up as it is sideways, such a thing will help calm nervous investors.
