Quote from: ltcnim on September 14, 2016, 11:45:07 PM

Quote from: Ihasweakhandz on September 14, 2016, 10:46:27 PM

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%...

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

Ihasweakhandz

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