Some stuff i had to clear i guess
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@qibucks said in Some stuff i had to clear i guess:
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.
I agree with what @gpedro said, you have not lost anything and still have the same stake in your assets as you did before the burstcoin value increased, and your ROI should be the same, but you need to think in terms of fiat value for many of these assets. If you sell them, you might lose something, or might not. I would have been a millionaire today if I never bought assets and just held my coins, but I still didn't lose a penny. I simply missed an opportunity, but this will come again and again, because I believe Burst will reach new heights sooner or later. Meanwhile, I just kick back and enjoy dividends. If anything, I have learned that I should keep a healthy stack of "loose change" for next time price goes crazy.
People talk a lot about the AE crashing, but in my opinion the prices of asset shares have been exorbitant for a long time, and what happened was just a long overdue, perfectly normal correction, given the circumstances. For instance, I first bought Bsilver when it cost 100 burstcoins, and until recently before the "crash" it was selling at around 60 burstcoins I think. When people were trading at 100 burstcoins one coin was worth roughly 55 satoshi and btc was worth a lot less in USD, and when people were trading at 60 each coin was worth roughly 120-200 satoshi and btc had more than doubled in value. So, while Bsilver looked like it was being traded "dirt cheap" at 60 instead of 100, it was in fact traded at exorbitant prices if you bought your burstcoins with fiat (but not if you mined them, I suppose).
It took me a while to wrap this around my mind, and there are really several ways to look at ROI here. Crypto currencies are complicated, but we should not consider a missed opportunity a financial loss. After all, you keep receiving dividends that are worth more or less the same fiat value, which presumably was why you bought assets in the first place (better ROI than any fiat investment would ever give you). With more liquidity and demand, your share value might increase again so you can sell at a burstcoin profit, time will tell.
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@nameless so you called it a "shit coin" ??
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@falconCoin yes :D
Taken out of context ofc as always. Context was: without the AE, burst is no more than a shitcoin!
I stay strong to that opinion.
Either way, i love my shitcoin. That's why i'm still here and will be for a long time. If i didn't feel for my shitcoin what would stop me from packing up my asset and move it over to another platform? think about it
So yeah...shitcoin... grow a pair and stop picking on words man
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haha wasnt me i never saw u say that.... the response is awesome tho... we are all being watched
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@qibucks let me send you some burst to help you out. what is your addy?
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@nameless how can i invest in 402?
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@theduuude , asset id: 8947810155983655217
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@burst1 i might have dumped 2x that nameless and co. did, but i'm also buying up.
nameless has the cojones to be a public figure like crow...i don't trust manipulative folks
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@nameless i'm going to buy some, but before i do explain how profits could be gained
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@nameless lol i have seen your original post and people must be special kind of stupid to just hang on the word shitcoin :D if i remember correctly you even specifically said that you love it no matter its shortcommings ;D
Maybe its just me since like you i believe that BURST is held by its AE.
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@LithStud said in Some stuff i had to clear i guess:
@nameless lol i have seen your original post and people must be special kind of stupid to just hang on the word shitcoin :D if i remember correctly you even specifically said that you love it no matter its shortcommings ;D
Maybe its just me since like you i believe that BURST is held by its AE.
Well people have said that im a special type of stupid on occasions, but his post was pretty easy to understand and straight forward and in no way shitting on Burst !!
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@qibucks said in Some stuff i had to clear i guess:
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.
Just hold the solid assets, and give it a little time. I myself am 85% or more in assets, which is why I didn't want to see this rise either. Not like this... But I promise to make my assets get back to their former glory, one way or another.
This is exactly what I was wanting to prevent. But it'll be fixed with the people who give a shit.
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@crowetic said in Some stuff i had to clear i guess:
@qibucks said in Some stuff i had to clear i guess:
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.
Just hold the solid assets, and give it a little time. I myself am 85% or more in assets, which is why I didn't want to see this rise either. Not like this... But I promise to make my assets get back to their former glory, one way or another.
This is exactly what I was wanting to prevent. But it'll be fixed with the people who give a shit.
You mean we have go back to the 100 sats because you stucked the responsibility of your burst in assets? i my opinion is this how Banks works, you give the responsibility of your money to them... and then comes the big ouch...
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The Asset Exchange gives the Burst economy a solid base value.
All the hardware, projects and enterprises using the Burst Asset Exchange are supporting directly and indirectly the currency with economic activity.
We have to educate investors that they are selling their Burst for the shares of Asset and therefore they won't profit 1:1 in a steep price rise of Burstcoins and the other way round. The website of Iceburst and Nameless, which is calculating the Fiat value, is a very good answer to that.Welcome back @crowetic. When you are ready to work with me again like we did before for years, then contact me.
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what to do with the 402 shares?
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@Yey_09 where the sun never shines and all that?
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@Marc said in Some stuff i had to clear i guess:
@Yey_09 where the sun never shines and all that?
Don't be a retard. The Div's are still being paid weekly as always. When the time comes to be converted to BTS the instructions will be provided.
-IceBurst




