Some stuff i had to clear i guess
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I think we all need to realise that we are on a massive and rapid learning curve. If you invest in the Stock-market there is a lot of history to look back on and most things that happen have happened before.
We are dealing with tiny market caps here, many of the investors are inexperienced and being Internet based things can change at the speed of light. In hindsight everything is "obvious" however in prospect a lot of the issues and outcomes have not been predicted.
Just imagine if the value of the Dollar was to increase 10 fold in a matter of Days, yes there would be some very happy people, but there would also be a lot of Blood on some Streets.
I think that Assets will develop and some will survive and some will not, but the next time we have some big price changes people will be less surprised and will have better diversified portfolios able to cope.
Rich
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@haitch yeah i thought of that after posting... tough job figuring all this in creating a asset
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@RichBC said in Some stuff i had to clear i guess:
I think that Assets will develop and some will survive and some will not, but the next time we have some big price changes people will be less surprised and will have better diversified portfolios able to cope.
I think this is why my asset has seen minimal devaluation - it's distributed over a large number of underlying assets some of which will continue to earn the same amount of Burst, keeping the fiat value of payouts the same or even improved.
The rest is investor education - yes a sudden increase in the value of Burst will mean that with many assets you'd have been better off holding the Burst, but they're still earning the same ROI as when they invested. They lost potential profit, the asset ROI should remain unchanged.
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What it boils down is into the reasoning "If i would of kept burst i would of profited". That is is very flawed thinking, there is no "IF" you either invest or you dont. It would be the same as crying why you didnt invest in apple shares 20 years back.
What we can do is try to educate AE users in ways of investment and thats where its worth listening to @nameless @RichBC who has experience in these things ;)
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Burst finding it hard to hold onto 600 at the moment. If it breaks we could be back to 500 or lower?
Rich
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@nameless why is the video gone i was just about to watch it
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@RichBC yep my NXT is helping right now for sure! lol the game coins too.. so glad i diversified last week
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@falconCoin , it's gone because someone already tried to come at me. i was talking live on skype to a few people and my shields notified me of unauthorized breach attempts lol
showing people how much money i stand on top of is dangerous... the more people know, the more will try and come after those funds. making that video was a risk i wish i didn't have to take, but a necessary one none the less
unfortunately for the benefit of 402 and investors, i took it off. the majority of people have already seen it.
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@nameless oh ok i didnt know the content of the video, i thought was just you explaining your side in more detail
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@falconCoin said in Some stuff i had to clear i guess:
@nameless oh ok i didnt know the content of the video, i thought was just you explaining your side in more detail
the video showed the crypto holding of 402... the fiat was too dangerous to show but i urged the comunity to designate a person to audit the accounts if they want to
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@nameless damn, I didn't see anything personally or IP address identifying in the video - sorry to hear you're being attacked.
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@haitch said in Some stuff i had to clear i guess:
@nameless damn, I didn't see anything personally or IP address identifying in the video - sorry to hear you're being attacked.
my ip is easy to trace despite the vpn
thankfully i have 30000 more layers of security on top of that
either way, no matter. it's not the first or the last time this will happen
what matters is people saw the video. people saw 402 naked to a point, and some people got to see it live via screen share lol
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@nameless Your showing the funds backing 402 was appreciated, and for those that missed it - there is a significant amount of BTC backing 402, distributed over multiple platforms.
As for the ForEx funds, I'm not going to ask for a look at them, I trust you in your management of the asset, but if your investors want it, I'm willing to be the observer. Think I have sufficient credibility .... ;-)
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@nameless I have seen it. Looked legit. :)
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This is what I'm seeing right now for Burst.
We will see if any Bulls want to support at 560. Seeing how it broke down the support (560) My guess is for the price to fall below the 500-450.
We will see.
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I forgot to mention the adsactly backing :D
people know how tight we are. people see how big adsactly is. if i fuck up, he steps in. simple
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@nameless I was going to point that out actually :)
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@nameless I'm sorry to hear about you being banned from BN and for your loss... It looks like it's just the Adam's and friends corner... No one can do nothing that they believe is for the best if it goes against him... That's pretty sad!
Well i guess we will see you more often around here ;D
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The sudden rise of Burst has left me in a huge loss, because the AE got totally drained, there is hardly any liquidity and dividends are negligible to say the least..if I had just kept the 2 million burst I had and sold them on the high I would be now 14 btc better off.. I didn't think at the time of the rise there would be a killing off of the assets, and I as I was at my mother's I couldn't login to check anyway properly.. so for me it has been one big experiment that has gone totally wrong and I find myself on the losing end with Burst..I have some assets but most are worth peanuts, cannot be sold or traded properly and most barely give dividends anymore.. only a few.. so basically I am stuck at huge loss..oh well, lesson learned..Adam made himself and a lot of people money, but for me, it was a huge loss.. I will slowly try to recover ..how and when I have no clue..but I am still around, just not feeling too great at the moment.
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@qibucks You was cutoff in the price of share yes, but now your holdings worth more in both BTC and USD or EUR or am I wrong? At least this was what happened with me, but you are right, this cutoff is a bit hard, but i am sure we will pass it and the markets will stabilize and this will possibly bring some diversity because we all know now that a FIAT priced assets have to be his value directally tied with FIAT so this kind of cutoffs could be turned around in the assets that need it and users be aware of the risk involved... And new assets with different concepts will most likely appear shortly ;D
Hope it cheers you up?! ;P








