Prognostications on the Price of Burst in 2017
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Hey Cats -
As a 'Big Player', I really put myself out there and purchased 32,000 Burst for around 9 bucks.Is there a prevailing consensus on the price in the coming year?
Also, is there a cap on Burst? As there is on Bitcoin.
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Great question!
Got no idea about the answers. But I do want to know.
pulling up an unobtrusive beanbag and making myself comfy in the corner so I can listen in on the replies
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@nimbletoes Sure there is a cap and also the reducing of distribution is same as bitcoin just a little more smoth with 5% per month.
http://burstcoin.biz/charts/mined-burstcoins
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@luxe Cool chart, thanks. How long is your prediction until Burst hits $1.00 ?
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I invite you to take a look at my Daily Forecast on BURST coin from a Professional Trading analysis. I try to do these daily on BURST.
Today's candle was very telling and disheartening to say the least. At any rate, you get to see a historical view as to what is happening from a trading point of view (my view that is).
Have a magnificent day on PURPOSE!
FXALTareeq
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Would like to see a straight answer from the Burst Team.
With all the mining going on, why no increase in the price.
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@nimbletoes
I forgot were I've parked my DeLorean.(but even if I find my car and get the Plutonium from Burst decentralized Marketplace to power it: knowing the price of the future would cause a paradox. Self fulfilling prophecy and so on.. )
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@daWallet too abstract. could it be the admin are too 'intelligent' to communicate in simple terms so the masses can understand and adopt?
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@nimbletoes I don't have a time machine. I can't tell you the price in the future.
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@nimbletoes What he means is that it's impossible to know, and if we did we will be selling or buying depending of what we knew :)
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This post is deleted!
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Thank you to @Blago for answering one of my questions without obfuscation.
Proof of Capacity implemented
• No IPO
• No Premine
• 4 minute block time
• 2,158,812,800 coins total
• Block reward starts at 10,000/block
• Block Reward Decreases at 5% each month

