Topic: Burstcoin [BURST] Price Speculation - page 11. (Read 24236 times)

Well well well...... 60 sats seems so cheap now! 

i really have trust in burst... who know if we are gonna reach the high levels of 2 years ago ? i hope eheh speaking from the top of my 5 milions bursts....

Your statistics are greatly appreciated!

The above, plus this...

BURST to develop a truly decentralized coin exchange portal, which at first won't be great for day trading, but we will likely carve a nice niche listing active coins that didn't have the volume to stay listed on 'typical' exchanges.

Also, BURST and extended BURSTKORE teams are working on several business models which will all be fully decentralized, if not released that way. These services will provide many useful things to the people who use them, in a totally unhackable fashion.

BURST will be doing a PR campaign in which it will challenge the world to hack one of its Smart Contracts, with over 100 Million BURST coins in it, donated partially from myself, and partially from other true BURSTcoin believers.


BURST to release the 'Decentralize Your World' campaign, in which it will show the benefits of decentralization on a completely attack vector free system.

There will be companies built on top of BURST in multiple ways, from email to Decentralized person to person Marketplace (which is already in existence, but will have a nicer UI, support team for resolution of issues that decentralized automated escrow that BURST has can't take care of, and much more.)


We are very serious about our project, and so are the members of the world wide team of professionals that are dedicated to the project.


We are pitching a few of our company ideas to Angel Investors soon too, as well as starting assets and crowdfunds to get more funding for development and promotion. Promotion being the key thing we haven't had a ton of funding for until more recently.

Since the coin was released without IPO, or premine, every coin that the team has was either bought, mined, or acquired by offering a service on BURST chain, or a mining pool.


We believe this is the right way to do things. This leads to more trust, and leads to the understanding that the people working on the project, are ones who truly believe in it. Which also leads to more trust.


The team as it sits is diverse, extremely intelligent, and extremely capable. There is nothing stopping us from providing a truly world-class solution to multiple problems that we see both inside and outside the crypto space.


The Smart Contracts that BURST has, are more secure, and more rigorously tested than the ones that ETH bring to the table, and it is my wholehearted belief that the Smart Contract system that BURST has will be bringing some truly revolutionary things to the table, such as some of the world firsts that have already been completed...

1. FIRST coin to have Smart Contracts period.

2. FIRST coin to have decentralized automated lottery bulit on the chain

3. FIRST coin to do a direct cross-blockchain transfer with QORA (of which I have now also taken over leadership of the team for QORA)

4. FIRST coin to be actually MINED via hard drive space, utilizing almost no electricity, and securing the chain better than PoW traditional, and of course better than PoS.

These things above are not widely known, and we're working on that. Once this comes to the minds of the people, they research the coin, and find out that everything I have always said was true, see how things are going now, the massive uptick in users, and various statistics all in BURST's favor... you'll see the sleeping giant come awake, at this point the news outlets will pick up stories on BURST free of charge.

Until that point, we're getting more PR out there, and making sure people notice the coin that innovated so many world firsts that others are now trying to claim as their own, and BURST will get mention when Smart Contracts are mentioned, as being the FIRST to have them working, over a year before ETH did.


Thanks everyone, and a prosperous future for BURST!

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

2.1B coins total and 1B has already been mined... hmmm...


Before I invest in this, any reason this coin should appreciate in price? What's the use for this?


The only reason do want to put some BTC in it is because I want to take a risk getting into something cheap (currently ~60 sats)

Uhm why would we ? What i've missed ?

Ladies and gents, get your spacesuits ready 

great, let's see how it pans out. this compression will not hold for much longer.

Great. This is exactly what I'm doing. Also accumulating a lot more power for BSilver asset.

Just got 5 370 GPUs, and multiple 24core xeon servers, also 4 480s coming in, and multiple orders for silver. 

Actually have to get more power run to my place to run all the miners I'm building. LOL first world problems.

Also going to get a new office next week for more miners.


I would say this asset should be one of the strongest on BURST within the next couple months, I'm very excited about it.


http://burstcoin.online - BSILVER asset info.

ASSET ID - 11249475790449858086





 

Now is the time to buy before the price starts rising. Well it has been rising the past few days but hasn't broken out as of yet. I think all that will change once the PR campaign starts. I will be buying all the way up to 100 sats and try and accumulate as much Burst as I can at these levels and invest it into the assets. One of my family members just purchased a nice amount of assets yesterday and is looking at buying a lot more next week.

So there is what chart are saying :



Huge compression of price level with strong accumulation sign, whale are accumulating your coin keeping it low, but the beast should be unlashed soon.
buy them cheap while they are, I am personnaly thinking very strongly to do so.

EDIT: maybe actual price is not going to be to best entry point in the future, you have to choose when to buy.

The real world use is already there, the mining is just the storage space. The real world use comes with the Smart Contracts and businesses built on top of the chain. The mining uses a TON less power than any other algo that is PoW style. The use of the space, is to decrease the massive amounts of power usage that is required with other algorithms.

BURST takes as much power as simply leaving your computer on, plus a very small percentage.

The Real World use cases come in with the Smart Contracts, and Asset Exchange, CrowdFunding, Person To Person Worldwide Market, all DECENTRALIZED. These are all run based on this 'random data' that is plotted to the hard drives in BURST mining. So the fact that the space is only used for mining, means nothing in the long term, nor for real world use cases, as BURST has a LOT of other potential use cases that are being taken advantage of with our new companies and others that choose to make use of them.



Also, in the future, a BURST sister project will be releasing decentralized storage, but it will also be done with a low power algorithm, therefore keeping us ahead of the competition in this regard.

The High power consumption of mining PoW algos is a serious issue with long-term adoption and use of coins. Solving THAT issue to us was most important, which is why the HDD mining is not focused on making use of the space. Not right now. The main problem it solves, are all of the issues in PoS as well as all of the issues of PoW, in a single algo, we believe this to be more important than making use of the space... Especially considering everything else that BURST can do, being the FIRST coin to ever have Smart Contracts, while ETH was still doing their scam IPO.

I look at burst,mining hard disk space the question that comes to my mind is why can't they provide a service like SIA and Storj using this hard disk space for providing services and getting paid instead of just mining empty space. I may be wrong because I am not a technical person but when you ask people what service burst offers they can pick one that is of real world use.

You're speaking in USD right?


In satoshi I firmly believe that the true value of BURST as it sits right now, is 2500 satoshi, half the price of NXT which it was cloned from, and has double the supply and a lot more features.

The only reason I can see it being the price it is now, well, two reasons...

1. Since the mining doesn't cost much, it is easier for miners to make profit at pretty much any price. (Though the reward is dropping, and I see miners not wanting to sell at such low prices here soon.)

2. Not enough exposure yet. - We hope to fix this with our BURST Smart Contract Hacker Challenge that we will be launching soon. As well as getting some more big money people paying attention to the potential in BURST. Once we've done these two things, I don't see a reason why BURST shouldn't hit 10,000 sat. Or more.


When we get the market cap high enough, we already have plans for much larger BURST assets based on some serious developments in the future. So we're just working on getting that market cap up in order to make these things come to fruition.

But now, we have other projects in the works that will surely help the market cap, and will be doing more PR and marketing campaigns to get people paying more attention.

My goal is to make BURST the first mentioned when talking about Smart Contracts, because it was the first coin to have them in the world. Sadly, no one brings it up when discussing smart contracts...

The only reason that this happens, I think, is because we didn't have a lot of funding at the beginning to get the Marketing done, since the release was totally fair, the team got no more a chance to get coin than anyone else. The team was simply formed from some dedicated community members, then made more 'official' here recently.

You're right about it just now getting started, because the team has some funding now, a few very beneficial assets, and an amazing group of people wholeheartedly supporting the project, and more joining all the time. Things are going to be VERY interesting here in the near future for our beloved altcoin. Personally, I'm very excited about all the stuff we're working on right now, and can't wait to see what happens when the world sees it and takes notice.

Thus far, every person I've showed the coin to, has been in awe of the development, and gets into the coin. This trend shall continue as more and more people take notice.

Here's to the future of BURST!

I believe it will rise in the near future, just think of BURST as a long term investment. Instead of selling your mined BURST coins why not invest them into the assets and earn even more on top of your mined coins in the way of monthly dividends. Also if you get in early you can make some good money buying and selling assets. I prefer to hold my assets for the dividends but everyone is different. Yes I do believe that one day we could see 0.01 with the maximum amount of 2 billion BURST coins @ 0.01 would see a marketcap of $20,000,000 which compared to another coin with close to 9 billion coins and is in the top 10 @  $ 61,761,510 (NEM) so as you can see BURST is well off from that mark so yes I believe it can get to 0.01 I hope people can understand what I am trying to say here.

Would be nice if the price will raise. I like this coin and I am mining it for almost 20 months now.
Sold some BURST and everytime I bought them back for a higher price : )

But do you really think it will reach 0.01?

0.000001 or 0.000005 yes.

But 0.01 would be a little bit "too much" I think.

Of course I hope I 'm wrong.