Burst desperately trying to hold onto 500
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@RichBC said in Burst desperately trying to hold onto 500:
OK now we are in for the big test. Will we hold around 350?
Rich
I'd say someone is stuffing bags with cheap coins. Adam might ride this pony a last time. I'll keep my trade screen nearby.
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@Nisc3d When was that. missed it. Do yo have a link?
Rich
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@RichBC He posted it only in the trollbox.
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@Nisc3d Very wise....
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@Nisc3d 1st rule of investing, never let emotions get in the way of logic.
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@Nisc3d Wouldent surprise me if he is the burst whale with 10k in usd, they have been controlling the price for a couple of days from what I have seen, about 3 months ago I noticed large amounts being bought, whenever the big amounts get bought the price drops, they buy more and wait then the amount refills back up each time...
Thanks for pointing that out Nice3d !
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I don't think burst is 'desperately' trying to hold on to anything... I doubt it's going to drop lower than where it was a month ago which means basically the drives I've bought will have exactly the same if not more value then anticipated.
Invest in the means of production as it were.
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seems to be testing the 450 rage for now ... it may drop agin and i can see it happening the sell order book is much fuller than the buy, if it drops below 450 for any amount of time i can see it hiting 400 and testing agin ... imo it should hold at 400 if BTC drops more we should stay at 450 or maby even return to 500.
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WTF is going on. Its one thing when the price gets readjusted but now the coin is just sinking
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@PeterSkrzyniarz The coin value increased in an unsustainable way - now it's adjusting to it's real today value.
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Well, the price is falling because it's trying to find support. It will continue to fall until it finds a level that buyers are ready to start buying. Those that are shorting are happy that the price is going down. During this crazy time, I have quietly been buying after a few trades that made me a nice profit.
In the long run, I know my investments will be very good. :)
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yea adjusting and testing and just went under 400, sucks since i bought some at 500 at 600 at 700 and even at 800.
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1st what is the drama people are talking about and 2. some one said whale about someone with 10k of burst, that seems a bit low for a whale since i have 15k
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@PeterSkrzyniarz i would not consider anyone a whale unless that hold several million in burst or assets worth that much
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@Gibsalot are you saying million $ or burstcoin
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@PeterSkrzyniarz both lol but in the range of 5 million burst or more is what id consider
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i have 1.25 million burst but a lot of it was bought at 600 and 700
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who keeps dumping 385 now!
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all we need now is for poloniex to crash (from having more then 100 user online) and the coin will just sink




