Burst desperately trying to hold onto 500
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@falconCoin the guy that keeps telling people on youtube how they can make money on the casino lol. turn you 1000 burstcoin into 100,000,000,000,000 in 5 min
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seems we have different battles between some parties whom claims to know the best for Burst while all involved have personal gains or loss mitigation/recovery agendas.
poor Burst what have they done to you
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So the downtrend continues. It's Important to zoom out the graph occasionally to see the full picture.
So we have been as low as 380 and are bouncing off that at the moment. Big question is will we find support in the 300 - 350 band or are we headed back to the 200's?
Personally I think that 300 - 350 would be a healthy place to be. But let's also remember that Adam and his "Team" have not finished yet so keep you seat-belt fastened the Roller Coaster may be slowing down and coasting into the station but is going round again. :-)
The final big question for us all is, do we buy more tickets and what price do we pay? The importance of what you pay of course depends on if you just want to go round once more or if you want a lifetime pass?
Rich
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@RichBC The question is will you start buying @300-350 ^^ That's the best way to find if we can find support there^^
@PeterSkrzyniarz burst is not sinking as last week was nothing more but a pump. Without enough buying support it was ment to fall back to last week's price which is around 250(might hold a bit higher or lower it all depends on buyers). Just don't panic sell your burst if you don't need money right now. Instead try playing on asset exchange^^
Everyone is talking about Crowetic's split from Adam. Thanks to this a lot of ppl saw who Adam rly is and started dumping coin. All in all it's great change and will profit us all in long term. PPL that came to burst for quick gain will suffer a bit tho^^
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@Hyzi0 I am waiting for buy at 300 sat.
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@Hyzi0 sorry but I will never put any money in assets. to me this is a complete scam. i have see so many that are scams that i will not trust them. and what is stopping me from making a fake asset and posting it for funding?
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@PeterSkrzyniarz Prior to releasing an asset we'll ask you to get identity verified, and you will be thoroughly grilled on how the asset is going to fund it's dividends and how the asset will generally work. Scam assets do happen, but we're working hard on eliminating them.
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@PeterSkrzyniarz Some assets are scams and some aren't. If you got in early and bought casino asset from Zeus you will already ROI your investment and sell the shares you still own for 2x or 4x its inital price. This asset is a really rare case though, most of the assets here isn't going to perform this good. Right now the casino asset is going downhill because of bankroll issues so timing when to buy and sell is important.
Assets are basically altcoins on burst in my opinion. Sometimes assets can perform better than burst and sometimes it doesn't. Assume you bought a gpu miner asset or any asset that buy burstcoins off poloniex to pay your dividends. If burst goes up the dividends you get in burst go down but if burst goes down you get much more dividends in burst. And if burst price stays the same you gain % more money per week in dividends. Haitch runs an asset that pays almost 1% dividends PER WEEK. Maybe it's a scam and he might run off someday maybe not, but from what I learnt so far about crypto is that sometimes you need to take high risks to get a higher return. I bought around 300 dollars worth of burstcoin like 6 months ago when it was around 150 sats almost 270k burstcoins in total and threw it all into assets. Sometime pass burstcoin goes into a bear market and hits 80 sats each. I kept on getting more dividends and traded some assets for better ones. Made 100k burstcoin profit first month got raped by NEWS asset scam and lose 200k burstcoin 2nd month. Every month after that I keep making little and big profits. Eventually I got to 1 mill burstcoins. I sold 300k burstcoins right before the pump at 160k to get back all my inital investments (big mistake but I didn't like where adam was going with burst) and sold a bunch on the way up. Now I'm sitting on 200k burstcoin ready to play the AE again. The point of this story is that fear is good it keeps you sharp but you will be missing out a lot of opportunities with burst if you don't play the AE game. I still got a lot of doubt and there are some assets I think are total scams or ponzi but you can say the same to half of the icos and altcoins out there. People still jump in because there are money to be made. Final tip, don't fall in love with your investments.
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@Hyzi0 said in Burst desperately trying to hold onto 500:
@RichBC The question is will you start buying @300-350 ^^ That's the best way to find if we can find support there^^
So this is what we are looking at now.
8 Hours ago we hit a low of 365, question is was that the bottom and a good time to Buy or merely the fall catching breath before another dip?
I honestly do not know, and was out at the time so did not have to think about whether to buy some. Anyway we are up to 420 on thin trading at the moment and I am not buying as I am guessing we will take another trip or two down before finding the groove to sit in.
Either way when I start buying it will be a gradual thing like the selling I did on the way up. I just know that I am very poor at predicting these things and in this case price rises are likely to be driven by factors nothing to do with the value of Burst.
Rich
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@RichBC Adam is pumping again, according to BN Shoutbox.
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@Nisc3d Interesting will take a look. Surprised it was this soon, perhaps he does not need to Buy more, just needs another opportunity to Sell?
Rich
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And here we go again. Lucky me I bought some at 420
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@Gadrah_ There you go, I told you I was hopeless at calling these things :-)
Wow 420 to 600 in 20 Minutes, when will you sell?
Rich
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@RichBC I think I'll wait some more :)
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@Gadrah_ It's a pity, or perhaps a good thing, that I can't Short it as you know it will fall at some point.
Rich
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@RichBC well i was trying to put buy order about 1h ago and it failed (i think polo laggin again).
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To be honest I think any price over 150 is good. I told myself long time ago that I would stop reinvesting in assets and start selling coin once it went over that threshold! :)
EDIT
So my point was, that I don't think much about which price I sell at, so long as it is over 150.
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Well the OP was from 6 days ago. 500 went and we hit a low of 370 then a climb in the next Day back to over 500, then settled for a few Days in the 400 to 500 band finally in the last couple of Days we pushed back to 600.
So if you knew what you were doing plenty of opportunity to make money.
Anyway this Morning in the UK woke up to another big sell off and as I type we are back to 450. Question is, has the fall out and departures from BN triggered an end game and will that end game just involve a big sell off or a couple of pumps first?
I suspect there might be a pump or two left, or perhaps the Market will decide? I would like a new floor to be at 400 but my suspicions are that it will be 300?
Rich
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@RichBC 380 sats with a couple of mid 400's to low 500's, if there is a end game in play which i would flip a coin on it will hit 600's again
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End game target is 3000 Sat .. I doubt it will get there soon. normally it should stay between 400s-500s






