Quote from: Ihasweakhandz on June 29, 2016, 01:19:41 AM

Quote from: FXALTareeq on June 29, 2016, 12:27:24 AM

Quote from: Ihasweakhandz on June 29, 2016, 12:06:48 AM

2016 is looking more like the year of the billion plus coins, I find NEM's rise to $120 million very encouraging even though I don't own any Cheesy

. Assuming (and it is a big assumption) that NEM and BURST have equal features, a basic calculation would show that the equivalent price that BURST can theoretically achieve providing that the assumption is true which it isn't, is 0.120/1.5 = $0.08 or higher.

So I am changing my previous prediction for BURST to reach $0.01 from extremely optimistic to highly likely that it would get there Grin

Only time would tell, but I am feeling very confident, the number of miners keeps on increasing on a daily basis and it is just a matter of time until we get there. The market has shown that it is not afraid of bidding high prices even for coins with a highish coin supply and I hope that BURST will take advantage of that.

I'm going to keep hammer this point: "Miners (and I'm one of them) have re-invest their coins BACK into Burst and that mean purchasing Assets and Burst related products/services. There is no reason to just hold the coins mined. If we are mining it makes no sense to just let the coins sit there and do nothing. That is not how the coins are going to RAPIDLY appreciate in value. That's like letting your money sit in a non-interest bearing account when you have the chance to do otherwise.

I understand your point, however, as of now, there aren't any services and products that can be purchased with burst (apart from your and moonjenn listings in the marketplace ). The five assets that we as a community view as trustworthy are doing quite well the last time I checked. Over the last 2 years, the community has lost roughly 30-40 million coins to scammers who came to the community advertising their assets, only to run away with the funds after the first payouts (Lenore and IncomeAsset are two scammer examples) so I hope you would understand the community's reluctance if they are not spending on assets as much as desired.

I talk of miners from an adoption point of view as they tend to stay "loyal" to the coins they mine for a lot longer than speculators. Burstcoin has the tech, it has the devs and it also has a strong technically minded community however, we do lack in awareness, Crowetic is working hard to change that and it is already changing as we seem to have added no less than 200 forum members and miners over the last 4 weeks.

Miners are also important when it comes price as the price and the difficulty tend to positively correlate. They are investing in the coin through buying extra TBs which makes the network more secure and that adds value to the coin which will ultimately be reflected in price.

Some would view burst as a currency and hence they would look to spend it and some others will view it as a store of value and hence hoard it. I see no problem with either approach.

Burst will gain in value because of increased levels of adoption and through investments in its infrastructure and technical development and for that I have to thank the team because they are doing an amazing job considering the circumstances. Donations from the community help tremendously too, both in terms of development funding as well as developers morale.

So in light of what you just wrote (and many points I do agree), how do you think Burst will increase it's Market Share if 1.4+ billion coins are in limbo and being hoarded? What will be the case in 2.5+ years or less when 2.1 billion coins have entered the network and effectively being hoarded as well?

Are you separating the two? Those who see Burst as a Cryptocurrency and those who see Burst as an Organization that offers Decentralized products and services to various industries?