Burstcoin at low lows 11/16/2016
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@BURSTguy @Vanquish Ok, here's where things get complex. Yes you need to convert Burstcoin to Bitcoin in order to receive cash for exchange, as Burstcoin doesn't have the structure that bitcoin has. BUT here's the important part burst and all other cryptocurrencies including Bitcoin are priced in dollars NOT Sat's, and here's why. If Bitcoin went under and everyone stopped using it, does that mean all cryptocurrencies go to 0, short answer NO.
We compare all other cryptocurrencies to Bitcoin because it's the biggest and the most successful of them all.
Can you imagine if we had to get all structure and investment that Bitcoin has to start a new cryptocurrency(There sure would be less of them). The next reason why we do this comparison is because Bitcoin is the medium between Altcoin's and Goverment issued Bank Notes, also Bitcoin is considered a form of internet currency according to some governments(They couldn't let Taxes slip away).
So over all Burstcoin is priced in USD and the USD value is converted in Bitcoin Sat's Value, this is done so you know what to trade in value Burstcoin has to Bitcoin.
There are many other reasons why this is the case but listing all of them might be a assay not a post
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I am not worried in the least :) That's all I will say on this matter right now :)
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@AdamGuerbuez hope so, got many 8 tbs externals stacking and on the way :)
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At this point the price of bitcoin will just have to rise. If it drops down I don't see much attention going back into burst.
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@AdamGuerbuez I agree
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And...it keeps dropping. This is crazy, only a short while ago I hear whispers of 150 being a new floor after a good pump but by tomorrow it could easily be below 70. Can't wait for the pump again.
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@AdamGuerbuez Im just buying all I can right now!
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yes this state is real sad :| and i will need to sell around 80k burst for my asset, now i would be happy even for 80 satoshi price
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@LithStud We need to think positive. Think of it as an opportunity to buy Burst!
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@JackManMania dont have funds for buying :D i would otherwise, what i need is to sell at the moment so i can invest for the asset :) buying will come in about 2 months lol
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@LithStud Oh ok. I need to release my asset to buy HDDs for it. Shame the price is too lol to sell :(
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@JackManMania i know right :)
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Flirting back to 80 now. Let's see this steady incline
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I think what Burst needs to make the prices go up on polo, is easy and tangible uses, or even the promise of a real world use. Something like a big company, or a VC funded company starting to use Burst for their needs. I know that is what every crypto wants, but Burst has one thing that most do not have, the fact that it is so green.
I see a lot of possibilities for Burst, once the adoptance gets there and Burst becomes a little more polished. Then, companies that have en environmentally friendly agenda will want to get in on it.
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i think we are to 100 sats this week
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yeah big boys coming and buying..
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People should talk about Burst in the shoutbox of Polo. Burst is the highest gainer at the moment. :) It can give a spark of interest from other traders :)
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@jervis Agree!
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Huge volume today
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@jervis yes i trolled it today and also told others about Burst assets..






