Hi Rico. Forgive me for doubting your projection of BTC.00001 for Burst. Its now very close to impossible for that to happen. But thats not a real concern for me. I still believe in what the PoCC is doing. What troubles me is this could have a negative impact on the miners' sentiments, and some of them might start leaving.
The holders should start mining and should be willing to mine at a loss for the sake of Burst's security.
As a mining newb, whats a good brand for a hard drive and how many TB should I get?
https://news.bitcoin.com/2018-bitcoin-price-tim-draper-unlikely/In 2016 Tim Drapers prediction (made 2014) that bitcoin would reach $10000 in 2018 "still seemed unlikely".
With Bitcoin scratching at $6000 - does it still seem unlikely? I don't think so.
Should Bitcoin crash to $2500 it may seem unlikely again.
People are short sighted in general. (And those who aren't become millionaires or better)
That being said, I do agree that at the moment 1000 seems unlikely. When I made that estimate, a Burst for 1000 Sat would mean for Burst to have 40% of the MktCap of Nxt, because I believe Burst should - by the end of 2017 - be at 40% of Nxt value. It's still hovering at around 20%.
With BTC rising significantly
and Nxt being deconstructed in favor of Ardor, 1000 Sat would bring Burst at the moment to a MktCap of 200% of Nxt and that is actually 5 times my original "prediction". Simple math makes my prediction 200 Sat "at the current market situation" - which as you can see is way less bold than how the numbers, that have developed meanwhile, suggest.
HOWEVER,
with Nxt being deconstructed, I think it is necessary to leave that currency behind and focus on its successor - Ardor. As Ardor is considered "A Nxt that has reinvented itself", Burst is reinventing itself right now too. People just do not realize, because its keeping the name. I think 20% of Ardor MktCap is an equivalent, modest and realistic goal for the End of 2017.
Hint - in case the fellow reader hasn't noted:
We moved our goal upwards, comparing Burst with a way bigger currency now.