Post
Topic
Board Announcements (Altcoins)
Re: [ANN] -NEW BURST OP- MINE ANY FREE SPACE-(HDD MINING)- ATs, AE, P2P MARKET+MORE!
by
ltcnim
on 14/09/2016, 23:45:07 UTC
This ain't no pump and dump guys, no one is gonna pay at least 30 BTC over 2 days in fees to polo for a "pump" that could have been done for a lot less. I view this volume as an introductory "Hello World, Burst has arrived" sort of pump and I expect it to carry on rising a la ETH, XMR (in terms of percentage increase)

It won't happen overnight but more like over 2 nights, joking aside, If you truly believe in this coin, don't try to fight or outsmart the whales as you will only get bitch-slapped and you lose your coins. Buy and HODL and your patience will be rewarded.

I'm not exactly sure why ETH skyrocketed, but I assume it's because of the pretty sweet technical background. XMR is most likely because one of the biggest darknet marketplaces has announced to maybe use xmr in the future (because it's not traceable).
To be honest, if there is really a big group/person holding 50 or even 60% of a coin (no matter which one), that wouldn't be the best thing to happen...
Just look at other coins where most of the coins were in the hands of a few or even a single person. They have all been dumped to hell at some point (check out clam for example).

I would feel much better, if the coins were spread to a lot of people, where whales might hold around 5-10%...