it seems that we have finaly found a floor of aprox 74 - 75 sat .., over the last month it's been up and down but mostly on a down trend ranging from 93 to as low as 67. right now is a good time to buy if your going to. i have never and do not plan on selling any burst in the near future. im urging others to do the same. im sure we have many on the network that just mine and dump, simply because Burst is the perfect secondary coin for a mining rig to run. and they have no vested intrest in burst beyond making $$. we cant stop people from doing that. its going to happen all we as a community can do is do our best to push back. we need more $$ coming into burst than we have being dumped on the market. some things i will be doing to help. someone posted a wile back an idea to use Faucet BTC to buy up as much burst as you can. and i think that is a great idea i have been doing that ever sense i read that post. i currently use http://moonbit.co.in/?ref=0fb3abb48dc5 , and http://bonusbitcoin.co/?ref=79746315C891 to collect BTC and buy Burst. i think i have seen @Castiel , @Njcfamily31907 and a few others post links to working BTC faucets in the forums. i have also set myself an allowance with each pay check from my daily job i buy 10$ USD worth of BTC and convert to Burst ATM that is roughly 17k - 18k Burst depending on price. if i ever do liquidate some of my Burst i will never under bid what ever the curent lowest price is. insted i plan on selling at = to the lowest price or even 1 Sat higher and will wait for it to sell. so as not to drive the floor even lower.
Best posts made by Gibsalot
-
Price , Value Of Burst ...posted in General Discussion
-
RE: The future of Burstcoinposted in General Discussion
we have a marketplace built into the wallet, its a bit ruff but functional. we need to get people to use it. to make that happen on a grand scale it needs a UI browser something like E-bay , Amazon that will allow you to up load images of products, create reviews, browse for products, ect ect without searching the fourms for the product then finding its ID# and pasting that into the wallet to make a purchase.
-
RE: Haitch's Assets Assetposted in Asset Exchange
i would also perfer it to stay at 90 ... as the price of this asset is not directly derived from the USD or even BTC value of Burst but insted valued on the assets it hold's .... as all of the assets that are infulenced by the USD value of burst adjust to changing value .... currently USD up and busrt per share down ... staying at 90 will only allow this asset to purchace more shares than it could per block release when it was launched witch will further slow the initial ROI dilution per share in the long run. i do however think the asset wallet needs a little cleaning up as it holds a few shares of things such as News , MikeTheMug, KohaiGB, Helium, FRpoolA, Energizer, and Elite ...... some are known scam's some are failed asset's and some have just ended at a predetermined date. also i see Tokens in the asset wallet wile this is a legit asset the way in witch it functions makes it not a relevent asset to invest into as a source of income for this asset, as it workes on a 1 on 1 off the block chain level as well as it pays div's in the form of additional shares and not Burst that can be distributed.
-
RE: My post on BurstNationposted in General Discussion
i made a public appology to adam a few weeks ago and had my ban lifted from nation as well. as you can see i still visit and interact with this site. as @Hyzi0 said treat it like a business arangment and dont let anything personal or emotions get to you. as Nation just like this forum is a tool to be used its best to avoid puting yourself in a situation to have that tool taken from you.
-
RE: BURST FORUM AND BURST NATION WHATS DIFFERENCE LOOKS ALMOST SIMILAR THEN WHY TWO~posted in General Discussion
it's a good thing, it creates competition betwen the two hopefully it stays friendly and can come to an agreement to be able to source each other as a resource in the future. but as essentuly the first such competitiveness in the burst community i can see how it can become a heated topic. in the long run it will push both sites to add new features and grow. what im most excited about is it's almost a 100% given that both will be bumping up promotion / advertising to keep a steady growth witch = bigger growth for Burst overall.
-
RE: Burstcoin Valueposted in Price & Trading Discussion
Burst has a lot going for it and has the potental to be a first class crypto coin. as far as its value that is determined buy the number of people selling VS buying Burst on the exchange. the only way to directly effect that other than a pump and dump is to create ways to use Burst that will give incentives for New people to start using and buying burst. several assets on the market now that mine other coins and then sell them for burst. this is a good push from them. unfortunatly because of burst alternat way of mining ther are alot of poeple that mine burst as a side coin only to sell it. also we have the Burst Casino ran by @Zeus that has been operational for a little wile and has driven a fair amount of volume of new people to burst throu his gambling site and Adam's promotions on youtube. in the works are another Burst Gambling site Made2Burst from @dagentlemang . also there are lots of idea being tossed around of ways to make Burst more useable as a coin if and when they are added. as far as possible value the sky is the limmit , and will only be caped by # of people willing to adopt and use burst and # of ways to use burst in the real world.. at some point with more and more ways to use burst being added we will hit a critical point when we have more people wanting burst than people willing to sell and the value will go up. the goal is to keep it going up buy contenualy adding more ways to use burst.
-
RE: HighRoller Pool - The Pool for **BIG** Miners.posted in Pool Announcements
be interesting to see a pool mirror this one as a 20/80 split with high block count on historic , would reduce Luck factor alot. i know i think differently than most lol
-
(ANN)Gib's mining Assetposted in Asset Exchange
Announcing Gib's mining Asset
Asset ID# 13285586296728134057
Burst mining done on the Burst platform, Featuring 50% Escrow!
This Asset Aims to be the most stable priced Asset on the burst Asset Exchange!!
To accomplish that this asset will use several Strategies aimed at steady growth and stable asset price.
As everyone has found out when the price of Burst go's UP the price of most Asset's go DOWN, this is caused mostly by 1
reason. Most Assets on the Burst AE generate some or even all of it's revenue from source's outside of the Burst platform
As such when the Price of burst go's UP they cannot purchase and payout the same amount of burst.
As Burst grows yes they will continue to payout the same equivalent value in Fiat but the amount of Burst you get will
become less and less over time!!
To Remedy this Situation and provide Stable Burst income , ALL sources of revenue generation will be 100% on the Burst
platform.
Source #1 and Primary Burst Mining this asset will focus most of its efforts to Burst Mining by continually adding
Terra Bites of Burst Mining power!!
Source #2 Burst asset Portfolio holding's !! this portion will be vary minor compared to the direct Burst Mining Revenue.
After Hard drives have been Purchased any funds left over that is not enough to purchase more hard drives will be used to
Purchase Asset shares direct from the Burst Asset Exchange to Add to it's portfolio holdings.
But not just shares from any Asset's, the asset's must meet certain Criteria First. they will all be owned and operated by
known members of the Burst community with an established history of trust!
Second they will also all have primary revenue generation direct from Burst mining or Burst pool fee's to keep revenue
generation in the form of Burst as consistent as possible.
Strategy #2 functional use of the Escrow system.
Most Assets that feature an Escrow system store a percentage of the sale funds away in a cold storage wallet managed
by a 3rd party for safe keeping. That's nice and all. But it can be a hassle and in most cases a waiting game getting
those funds released in an unfortunate event of some thing happening to the asset manager or other circumstance.
This Asset will eliminate that issue!! Making it easy for any individual to cash in on the escrow wile At the same time
adding additional price stability to the Asset. by using all of the Escrow funds to place Buy orders on the Burst Asset
Exchange at 50% of the issue price. Allowing anyone to cash out at anytime. Additionally all Shares cashed out into the
Escrow buy order's will be effectively ( Burned ) meaning they will never be resold and will never collect Div's
progressively making shares of this Asset more and more Rare wile increasing the Div amount Per share still in
circulation!!!
Strategy #3 Perpetual Growth this asset will feature a 10% growth wallet. In witch 10% of shares from each Block Release
will be sent to this wallet. All fund's collected by this wallet will be used to add additional Hard drives for burst Mining
power!! Meaning that the Asset has the ability to grow even after All shares are sold out!!!
Total Shares 1,000,000
Shares will be released in blocks of 20k shares at a time.
Asset Shares issue price will be 10 Burst and always will be.
There will be a 5% maintenance upkeep fee payed in the form of 1k share's per block release.
The Perpetual growth wallet will be payed in the form of 2k share's per block release.
Asset Escrow will be 50% , managed by haitch , to be used as a Buy back system in the form of 5 burst per share.
Div payouts will be Weekly normal payout on Thursdays. First Div payout will be scheduled for Thursday 06/15/2017
Share sale Escrow wallet controlled by Haitch BURST-S6W4-HQP5-A4XL-AGXBK
Primary Asset wallet BURST-R992-RURV-MCW5-8R676 weekly earning's progress should be checked here.
Perpetual growth wallet BURST-QL8N-7SQX-HZD7-DY526
-
<PREANN> Gib's mining farmposted in Asset Exchange
<PREANN> Gib's Mining farm
As everyone knows the price of Burst is going up up up and has been for a long while now.
As for most asset investor's you'll have noticed that the vast majority of asset's generate revenu from outside the Burst
platform. As such they are directly tied to the fiat US$$ value of burst and will loose (burst) per share value as the price
rises. That is not true for an Asset that is 100% hosted on the Burst platform generating Burst from the Burst platform for
burst investors. I am not new , Most of you have seen me around for a while I have been part of the burst community
since Aug 2016. I am not varified by Haitch but did look into it a while back, I will be moving forward with that verifacation
and will be verified by Haitch.
I am wanting to utilize an Escrow for this Asset at a rate of 50% to become the only Asset currently avalible backed by
such an escrow which will match Socalfarms Escrow which was a sucsess however his sucsess has ran its course and
his escrow has been turned over to him.
I am open to suggestion's for people willing to Escrow; open to discussion as to how long it should be esscrowed for.
This asset will be a Burst mining backed Asset primarily, but will add some assets as a secondary source of income in the future.
Currently I have 21TB's of HDD's that need to be plotted for the Asset wallet.
Structure is open for debate as well but my current layout in mind will be as such.
Price per share 10 burst 50% to escrow 50% to add more HDD's
All assets will be turned over to holder of Escrow so that they will be in control of when, where, and how much a new block
release will be placed for sale.
As well as to ensure I NEVER have control of the 50% escrow funds at any time.
Share Distribution , Fee's , Perpetual growth
Block release amount will be set at 100k shares at a time of which shares will be deligated towards fee's and perpetual
growth
upon a block releace of 100k shares 5% or 5k shares will be transfered to my personal wallet to cover mantnence fees ect
10% or 10k shares will be sent to a perpetual growth wallet.
which the div's it collects; will be used to purchase even more HDD's and or asset's to be added as revenue generators
85% or 85k shares will be placed on the AE for sale at 10 burst per asset of which 50% of the sale funds will be kept in
Escrow and 50% will be used to purchase HDD's
as for the perpetual growth wallet funds. at various times i will use the funds it has colleted to purchace a new HDD and
will use what is left over to purchase assets
If the price of burst is low I will use the full amount to purchase asset's , as for the Assets I will only purchase assets
managed buy Known Trusted members of
the Burst community , and of them I will only invest in assets that derive a large portion of there revenu from direct Burst
mining. to ensure that my asset stay's valued in Burst and not subject to USD$ value.
As always this is a PREANNOUNCEMENT and is subject to feed back from the community before final numbers are set in
place and the asset is launched.
-
RE: what is happening? got off a 12 hour flight and every coin is down and BTC is down $700???posted in General Discussion
@PeterSkrzyniarz BTC whent up vary fast , and started to fall people started cashing out to wait for bottom .... then everyone started cashing out all the alt coins to buy up the cheep BTC but not faster than the people cashing out BTC lol....... it will rebound when the volume in to BTC is more then out ... altcoins will rebound after BTC gets stable agin. big swings in BTC cause havoc on alts
-
RE: Reaper asset paying 3% daily average! [SCAM]posted in Asset Scams
i have been invested in this asset for a short wile, just kind of stumbled across it looking into one of Nameless wallets i think. i can not say if it's a scam or not as i have not seen any proof of trades. but i do know he attempted to promote on Nation without geting approved a wile back. as for payout's so far he has never missed a payout.
-
RE: WTF - Burst Priceposted in Price & Trading Discussion
@Gadrah_ burst is in the Top 5 on Polo for BTC volume 4771 BTC yesterday the normal was 200 btc per day with a market cap of almost 17 mill now
-
RE: pool.ccminer.net:8080 new pool for big miners!!!posted in Pool Announcements
there are restrictions .. the only way a pool can restrict is to lower the DL limit to the point the pool rejects the majority of DL's from any miner under X tb's all this doe's is turn away smaller miner's and allow larger miners to group together. it's a push for centralisation in the name of greed as you clearly dont want to share block reward with anyone but are willing to share with someone that might find more blocks than yourself when you have a bad day.
-
RE: Haitch's Assets Assetposted in Asset Exchange
@haitch this was a NICE payout thank you vary much , 100% reinvested and plan on investing more every block release till its sold out.
-
RE: Better to mine multiple machines with same wallet or not in same pool or not?posted in Mining & Plotting
anything using same wallet HAS to be in same pool or solo because of how the network work's... using dif wallet's you can mine multiple pools... same pool pro's more TB's = better luck at finding block's and better ranking in historic... for pools with high historic share this can be an edge, Con's if the pool goes down so do you. multi pool's Pro's you can choose pools that are best fit's for each rig's power , if one pools goe's down your still mining with some power. Con's lower chance of finding a block and lower in the pecking order of historic shares.............. tec over a long period of time like months you should earn the same given an average. however from my testing various pools finding a pool with higher historic share and you can regularly stay in the top 15 on the historic shares list i tend to do better an earn aprox what the calculator says i should earn on average..
-
RE: [CAUTION] BTCDragon Assetposted in Concerned Assets
@mathew just waiting for @Bitdv to come back and respond he checked in when he woke up, said he will respond after he fully woke up and got coffee , given the OP id exspect a fairly length responce with full exsplination witch would take a few to write up. i wouldnt get too worryed unless we go over a full day without a responce witch is unlikely.