If this support fails then it will be a good idea to steer clear of this crypto for awhile because it will likely go significantly lower, and there is no where you can short it. If support continues to hold, though, this coin could definitely begin advancing over the next couple years. And, potentially, this could be one of the lowest prices we ever see for Blackcoin.
Fundamentally this coin seems to have a lot going for it, there's a dedicated dev team and an active community, and the launch seems like it was pretty fair too. More details can be found here: http://blackcoin.co/ and in the ANN. If the devs are able to deliver on all of their promises this could end up being a very useful coin, and they already have delivered on a few of their promises and are actively updating their wallet software. Blackcoin definitely has some potential for a bottom here, especially with how cryptocurrency has been in general, and if the gets approved and the bull trend on bitcoin eventually continues a lot of new money will start flowing into all kinds of cryptocurrencies because the media will be all over it again. I think this may just be one of many altcoins that finds a bottom this year if this support holds and Blackcoin starts picking up some of the breadth from the larger crypto bull run.
"It is not because things are difficult that we do not dare; it is because we do not dare that they are difficult." -Seneca
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