Hope you have been loading up on them cheap coins   . My guess is that the price will hover around 260 sat for a day or a few and then bounce back up to above the 300's and then up to the 500s. If the 500's hold, The old BTC ATH will be the next target. Whoever is selling (few million plus coins) won't get the chance to buy them back cheaper. I could be totally wrong though  

@pinkflower

Could you please start your own "don't buy burst it's risky thread", as I will be deleting your posts from now on. I cannot make out whether you are just stupid or maliciously stupid. You have been regurgitating the same nonsense for a while now. Burst has gone up at least 5x since you began your risky advice.
Thank you

Burst is a BFB* (as in rico666's BFA  )

*Big Fu**ing Buy

I own a small amount of burst: at least 1 million
I don't mine and I own 0 assets

Burst, the same as bitcoin is a decentralised project, so anyone can be involved whether they own the coin or not

How many more assets are you planning to release Crowetic?

It doesn’t make sense imho to keep releasing one asset after another without actually looking at whether the assets that you have released in the past are actually benefiting the asset holders (apart from the usual I am gonna pay out a bonus BS). It would be nice if you could actually take a step back and publish some sort "financial details", so far your main selling point seems to be "trust me I am crowetic, invest with confidence"
I am sorry to break it to you but many people myself included are in crypto because of the decentralised and trustless nature of it.

I took a quick look at few of the assets you run and it wasn’t a pretty sight so I am quite intrigued to find out what gives you such a high level of confidence in that you are a “ successful asset” owner and operator.

Byteent: the most that you can return to investors over the next 10-12 years is 2,410,803 burstcoins (based on a pool fee of 2% and 25% of the network) and the current market cap of the asset is 70,000,000 burstcoins

Bsilver: is beyond dishonest in my opinion, it currently has a market cap of 100,000,000 burstcoins, you are telling your investors that they can claim 1000 assets for 1oz of silver, using the current prices that works out to be around 100*1000*0.00000058 * $905 (coindesk BPI) = $52
1oz of XAG with 20% premium currently costs  $20

The other thing that bewilders me about this asset is that every sane and insane person in crypto expects that bitcoin, burstcoin et al will outperform all precious metals and more so when you are valuing your silver at $52 given that the all time high was actually less than $50, isn’t that funny

Burstaker: has a market cap of around 60,000,000 burstcoins, this asset is quite astonishing for mainly 2 reasons, the first one is actually the quality of the coins you chose to stake, Viral and DMD, both coins have been on the bittrex removal list quite few times, they have negligible amounts of volume on average. And secondly who in their right mind would sell burstcoin for those two. The cynic in me tells me that you were bagholding both and you couldn’t sell so you decided to dump your dead bags for an asset and take the more liquid burstcoin from a trusting community.

I won’t get into your worldmine asset as I want to give you the benefit of the doubt

There are other sorts of behaviour that I think are quite dishonest too, trading your own assets and also transferring quite big amounts to people without actually going through the asset exchange nor announcing the sales on forums for the sake of transparency, never talking about actually how you would go about liquidating these assets and what % of burstcoins will go back to the asset holders, how much of the assets' burstcoins you have sold, and what price  and not adhering to Haich's list of asset issuance requirements .....etc

I believe that you have done quite a lot for burstcoin and I am pretty sure that you have done quite well with it too

I like the idea of the asset exchange but I honestly believe that it is in a huge bubble and ultimately the bubble will burst (no pun intended) and when it does it will be the small shareholders who will suffer the most and my fear is that burstcoin will suffer as a result of that just like what happened with dogecoin and Moolah aka Ryan Kennedy.


Unfortunately the exponential rise in price in september has attracted a lot of bad characters so my humble advice to my fellow burstcoin holders is do your due diligence, don’t get caught in the hype. Invest your burstcoin in projects that bring added value to the coin and there are few good examples such as burstize and burst casino and few others.

Best of luck to you all and happy new year

burstcoin trading is open on livecoin.net

"Dear clients, new market #BURST/#BTC are available for trading #livecoin "

https://twitter.com/livecoin_net/status/780335319359098880

https://www.livecoin.net/en/trade/index?currencyPair=BURST%2FBTC

No ICO, no IPO, no Premine and no Instamine, whoever has the coins must have either mined them or bought them on the open market, it takes BALLS to make a big investment in any coin so hats off to them. if you look at burstcoin stats more closely, you will find that it is one of the fairest if not the fairest distributed coins out there. I have no problem with individual(s) that make BIG investments.

I don't usually talk about other coins, but with clams, It was given away for free. Someone woke up one day and realised that he/she had shit load of old wallet dats, he/she started dumping. The few whales who were in charge of it got their knickers in a twist with each other and the rest is on their thread, so I see no comparison whatsoever between a coin that can only be obtained either through buying hard drives and mining it and/or buying on the open market with a coin that was given away for free.

Time would tell whether this price rise would be sustainable, I am loooooong, if you decide to stay on the sidelines and wait or hope for lower prices, don't look for reasons that don't actually exist

Something else I noticed today, 45 windows wallets were downloaded in China from 2016-01-01 to 2016-09-14, 20 of those were downloaded in the last 7 days so I leave you with this youtube video to explain the recent BURST rise 

https://www.youtube.com/watch?v=RbM2F-cfN0A

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.

Feel free to join the ongoing discussion of the Burstcoin price in the Burstcoin [BURST] Price Speculation thread

https://bitcointalk.org/index.php?topic=1513328.0

https://bitcointalk.org/index.php?topic=1513328.0

 

PS

Never listen to a "trader" or "analyst" who says that they can "accurately predict prices" because the simple truth is no one can except for the ones who are actually moving the market

There are many reasons for mining, trading and holding burst, most of which have been extensively discussed in other threads and the burst-team forum, however one of the most impressive feats of this coin is its adoption rate which has been growing steadily from the beginning of the year and at an even faster rate since may. and I will give you some stats to back that up:

windows wallet downloads from 2016-06-01 to 2016-08-29: 7656
windows wallet downloads from 2016-01-01 to 2016-05-31: 1729

Number of full nodes: 2027
Number of wallets: 36409
Number of transactions: 3530733
Number of trades on Burst decentralised asset exchange: 7845
Number of users registered on http://forums.burst-team.us:4567 : +1000 (I stopped counting after 1000 was reached)
http://forums.burst-team.us:4567/ page views: 07-2016 : 272553
                                                                      08-2016:  397607
http://forums.burst-team.us:4567/ unique visitors: 2067

Network hash rate: averaging +10PB

Ladies and gents, get your spacesuits ready 

Hi Crowetic

8btc.com is the bitcointalk of china, they do still allow giveaways like BTT used to few years back. it has been in the news in the last couple of days due to "The terminator plan" by the chinese miners

huarongdaocn made a comment about the fact that BURST is not traded in china so I asked whether he could help promote it there. I sent him a pm on the same day for which I haven't received a reply yet.


Creating an ANN for BURST on that forum will expose it to a whole new set of users and the giveaways would help build some sort of community that can then help get BURST listed on one of the chinese exchanges.
I also got in touch with a chinese guy who commented on one of the youtube videos through twitter, he replied and he seemed quite keen to help out so I will see where that will take us. Preferably we need a chinese speaking community manager to look after the chinese ANN for 8btc and host the giveaways like @hl5460 (8btc administrator) had suggested few pages back.

PS
I don't speak chinese, I was using google translate to communicate with him and somehow it worked 

http://8btc.com/

[ANN][BURST] Burst | Efficient HDD Mining

https://bitcointalk.org/index.php?topic=731923.0 [Old thread]
https://bitcointalk.org/index.php?topic=1323657.0 [New thread]

• NXT Based
• POS Removed
• PoC Based ( Proof-of-capacity = mine with your spare HDD space)
• No IPO
• No Premine
• 4 minute block time
• 2,158,812,800 coins total of which approximately 1,488,000,000 coins have been mined in the last two years
• First coin to have working smart contracts/ automated transactions (decentralised crowdfunding, lottery)
• Decentralised Escrow and subscription payments
• First cryptocurrency to do an ACCT with Qora
 and many more features

https://poloniex.com/exchange#btc_burst
https://bittrex.com/Market/Index?MarketName=BTC-burst


Accounts:   33162
Full nodes: 1616
Transactions: 3345118
Number of miners: c 2187

非常感謝你

你應該幫助推動其在中國的話。你可以創建一個獎勵在8btc一個線程？

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.

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  . 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 

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.

it looks like soon we will be able to spend our burstcoin at merchants