Topic: Burstcoin [BURST] Price Speculation - page 12. (Read 24256 times)

Yes I agree.

Investing in assets can make anyone a nice amount of money in the future. I look at it this way we can earn in 3 ways, no:1 we can earn from the monthly dividends no:2 the asset/s could increase in value which the burst teams assets have already done. no:3 the price of BURST can increase so in my opinion it's a no brainer to invest in assets.

I can see the price of BURST easily getting to 0.01 in the near future and for what they ave planned I would not be surprised to see the price at 0.05 or even higher. And then can you imagine what the price of the assets will be??? they could be worth 5x the value that they are now or even 10x anything can happen once people out there start to see what BURST has to offer. BURST has been around for a while now but you can say that it is just getting started lol

 Thats true people must make use of the BURST assets , and the exchange

Right, there will be some major differences between SIA's setup and ours, including a completely new algo not yet released (also not PoC2.)

The direction we're leaning right now, is not yet ready to be public, but I can tell you that it is a more power efficient setup than SIA, and is something that no one else has currently.

Also, our algo for the storage, will be even more secure than simply encrypted. Therefore there is absolutely no way for anyone to be blamed if somehow content that is not appropriate, ends up being stored there, though that will be against the agreement obviously.

More detail will be soon to come, but I think we'll absolutely have a good chance at giving SIA a run for their money in competition.

@crowetic You've talked about the Decentralize your world campaign and BURST being the source for decentralize file storage.  Sia has already done this yesterday and have released their wallet as well.  Sia is coming out of Beta after 12 months.  One thing to notes is their price structure for the service as well. BURST will need to take note of this in order to be competitive.

Also Storj is working on encrypted decentralize file storage as well.  In fact these guys are already up and running: https://storj.io/


Here is the link to the Sia Bets Release article http://bravenewcoin.com/news/decentralized-cloud-storage-sia-launches-version-1-0-with-full-functionality/.  Your comments and thoughts on this please.  

Indeed sir, that's exactly it. This is to benefit the future, if it benefits me and mine now, that's great, but that is not the end goal. I hope to have built 15+ companies all in the correct way, focused on the right things, then hand them off to capable people who will follow the original direction without sidestepping. That is the way.

The companies we're forming will make money, but they will not be greedy, they will provide services and get an adequate amount for them, they will not be focused on becoming billion dollar corporations and owning the world, they will branch out, they will help people to come to reality with the ways of decentralization and secure communication, and security with money.

Just like BURST isn't out to be a pump n dump scam coin, my companies are not out to follow in the trails of the huge companies that exist today, making a replacement that is the same as the one replaced. But instead, they will replace the bad with the good, and do nothing but benefit areas lacking in such.

This is my idealistic way of seeing things of course, but I believe it is possible, and that people are itching for a change to come, it would be my honor to help facilitate said change.

@Crowetic Les Brown said — 'Most people fail in life not because they aim too high and miss, but because they aim too low and hit.'

So I say keep setting LARGE goals and making big dreams.  

I believe in you and share your vision of Burst.  My children's children will be beneficiaries of it. I am putting my money, time and efforts in this regards.  I can't wait for magnificent light to shine on all of our endeavors.

I leave you with one of my favorite quotes:  Ralph Waldo Emerson. "Do not go where the path may lead; go instead where there is no path and leave a trail."

Have a magnificent day on PURPOSE!
FXALTareeq

The plan with my launch of the 'decentralize your world' campaign, is to put BURST into a category of its own. Making it a coin by nature, but also an extremely valuable place to host all of the current features of the internet, in a decentralized and secure fashion.

With the starting of the BURST cloud, that will be one of the many interfaces with which to make use of this decentralized system.

With the addition of QORA to the team, and myself taking over leadership therein, pending a few administrative modifications, there is the reality I've been looking for in decentralized web hosting and WebRTC.

This will get us much closer to our end goals a lot faster.



Soon, we will also have a way to do decentralized file storage. Once we get THERE, then the decentralize your world campaign can truly be pushed hard to the face of the users.

With this, comes the realization that decentralization is the only truly secure way of the future.

We have our new communication platforms, file sharing, collaborative document editing, and much much more, that can be pushed to a fully decentralized platform, leading the way of the future of the internet.


I hardly view BURST as a mere coin, for it is the future of many things, money being the least in my mind. BURST and QORA together, could truly lead the way of the future of the internet itself. The internet of the people for the people, secure, and decentralized in every way.

I know my dreams are big, but I also know that the team I have working with me are more than capable of making this happen, and that is what I will hope to see in the upcoming months.

The BURST cloud as it sits, is nearing completion, and actually functions right now, but I am not confident enough to give it to the general public quite yet, a few more things to work out. This, now, is a centralized platform, but it will be the idea for the decentralized version, using the same interface, then adding to it.


But I also agree in the diversification of your coin holdings into assets and the like, and I myself donate a ton of BURST to random events, giveaways, and promotional tools helping to get the word out to everyone. The more people that tell people their positive experience with the platform, and realize the capability of the rest of it other than the mere function of a currency, the more people will be excited by it and realize the potential to build more services on the chain.

I for one, am wholeheartedly dedicated to this idea, and WILL make it succeed.

So in light of what you just wrote (and many points I do agree), how do you think Burst will increase it's Market Share if 1.4+ billion coins are in limbo and being hoarded?  What will be the case in 2.5+ years or less when 2.1 billion coins have entered the network and effectively being hoarded as well?

Are you separating the two?  Those who see Burst as a Cryptocurrency and those who see Burst as an Organization that offers Decentralized products and services to various industries? 

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.

I'm going to keep hammer this point:  "Miners (and I'm one of them) have re-invest their coins BACK into Burst and that mean purchasing Assets and Burst related products/services.  There is no reason to just hold the coins mined.  If we are mining it makes no sense to just let the coins sit there and do nothing.  That is not how the coins are going to RAPIDLY appreciate in value. That's like letting your money sit in a non-interest bearing account when you have the chance to do otherwise.

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.

I'm with you @Crowetic and support EVERYTHING you're doing with Burst.  Walking on the Burst Golden Roadmap as we speak.

One Man's trash is another Man's Treasure.  I'm with you @Vella85 I'm buying, re-investing, and promoting because I'm known to put my money where my mouth is and Burst is truly undervalued currently.  Low investment HIGH return. 

Have a magnificent day on PURPOSE!
FXALTareeq

For me I've been buying as much BURST as I can and exchanging them for assets while we wait for the new developments.I have no doubts that the price will rise in the near future and while people want and continue to dump I'll be buying.

We are not only going to continue the videos, but we're also going to issue our PR campaign to issue a 'CHALLENGE to HACKERS' to hack our Smart Contracts. Once we've proven them to be solid, which we're 200% sure about, I believe we'll get solid recognition from the community.

It will have a positive effect on BURST for as long as people know that BURST actually has smart contracts if you know what I mean. We need to get the word out and now is the best time due to DAOs hack. Crowetic and adam's video has worked wonders in terms of bringing fresh blood into the community and i am pretty sure that will carry on to be the case for the foreseeable future. The effect of that on the price might not have been immediate but it will come.
There was a lot of btc locked in eth markets, this event has just helped unlock it. It is already in the exchanges and traders and investors alike would start looking at good alts with great potential and BURST will certainly benefit from that.

Do you reckon the recent Eth/Dao theft will affect Burst? If I understand it correctly, the theft is related to flaws in their smart contracts. And, in comparison, Burst's automated transactions are flawless (so far). I'm thinking that this event could positively affect Burst in the long run, but meanwhile Burst value keeps going downwards... I reckon the floor might lie around 15-16 satoshi, but I see no reason to wait for a lower price than what we already have if people want to invest in Burst.

Miners and crypto folk are quite used to these antiques, a lot of us can tolerate it no matter how prolonged the suppression may last. Individuals joining crypto because of the recent BTC bull run however, may not understand that, and they certainly won't look twice at BURST if they see that its price has been on the decline for the last 2 months (when it should have carried on its rise back in April if it weren't for the manipulation). Most of them are not in it for the long term, and thats ok because I think a strong market can cater for miners/ long term investors as well as day traders.

So there is a very thin line between making few extra btc in profit and gaining high numbers of new adopters who might take the price 100x if it weren't for the price manipulation.

I never understand these "whales" but if I feel sorry for whoever is responsible for it as they lack the foresight to see the big picture

Many times markets are suppressed a week or two before a huge pump... but sadly usually a dump follows

I think that is entirely possible, seems there is some manipulation in downward direction happening right now, not sure what exactly, but that's certainly how it feels to me, considering all the positives of the coin. But I am confident in the future.