Some stuff i had to clear i guess

rds

@haitch said in Some stuff i had to clear i guess:

@rds it's an investor education thing to show them they're still getting the same fiat ROI as they were, but also the realization that they would have gotten a much higher profit if they'd just held the Burst instead of investing in an asset.

HAha, it's always easy to see what should have been done after the fact, that' why they call me Capt. Hindsight :)

haitch

@rds Yep, if we all knew what the market was going to do, we'd all be friggin' rich.

rds

@rds , here's an exercise in hindsight:

Last week or so ago I took ~$3600 in USD, converted it into BTC at price who cares and immediately bought Burst at 177 sats. I sent that Burst to someone who I was buying an item from him (you know who/what I'm referring to). Today, at Burst=500 sats, did I pay 500/177*3600=$10,000? Also, if the seller converted the Burst to fiat anywhere between the 177 and 500 did he lose value? I say no to both. I took fiat I didn't have invested in Burst to exchange for an item. The seller ultimately wanted the Burst for fiat to pay for something else, the fact that either of us could have made out better than we did is only a matter of hindsight.

RichBC

@rds I would say nothing to do with hindsight and everything to do with a ridiculous exchange risk taken by the two of you on this journey from $ - BTC - Burst - BTC - S

Rich :-)

mikejoe

anyone who didn't see a collapse of the asset exchange when the value of burst is pumped, is blind...this is market correction at work...i sold all my assets not miners, pools or casino a few weeks ago ...

falconCoin

@haitch that's the thing some ppl did know and now are Rich

socalguy

I would like to point out that this time last year we were at 43 satoshi.

Imagine where we will be a year from now with a nice, steady, and investor friendly increase.

nameless

@socalguy that would be the optimal goal. the nice stable increase not these fucking pumps. a coin like this can't got fucking 12x in a few months, hence why i did what i did

i'm all for the price increase. it needs to increase, but not like this

socalguy

That would be the ultimate goal. Yet I'm not going to try and keep it suppressed. If it wants to go past 1000 satoshi, who am I to judge.

For the record, I disagree with what you tried to do. That was a bad call on your part imo. The market should always flow with what the traders believe the value should be. Not because of a few traders.

Lesson learned I'm not going to lose sleep over it. :)

nameless

@socalguy i respect that view

I also respect the fact that the community pointed out my mistake and understood. I now realize it as well. Who the hell am i to interfere ? At the end of the day, i shouldn't care and i won't.

For everyone reading this, i apologize. I was wrong.
As far as adam goes forcing crow into that video... well , prepare your anus fat man and next time have the balls to come at me right on

That being said, time to focus on my baby. we have shit to do in 402 :)

haitch

@nameless What you did wasn't wrong, it was misguided. You did what you thought was right for the community, on behalf of the community.

I'm sorry you, Crow and others got so burnt in this action. As I said it was misguided, but I understand it was done with good, even noble, intentions.

That said, seeing as you're banned over there - make this the GO TO place for 402, and carry on making this asset even more awesome. The AE will recover, but we need to find a way to better educate investors.

nameless

@haitch , thank you

I'm actually not banned on BN - only my threads got shut down lol . But i left anyway

We all need to work on the investor education part. I think i'll start a series of videos very soon

LithStud

@nameless @socalguy there is a common misconception that altcoins has a free market, the harsh reallity is all altcoins are controlled by someone with deep pockets. It way to lucrative of an oportunity to not be used.

haitch

@nameless Not banned? Wow - I got banned and had my post deleted when I corrected Adam on facts about me. You not getting banned for "Conspiring" against him is surprising, and interesting. And I like investigating interesting things ......

But just to say again - you will not be shutdown or censored here.

burst1

@nameless said in Some stuff i had to clear i guess:

@socalguy that would be the optimal goal. the nice stable increase not these fucking pumps. a coin like this can't got fucking 12x in a few months, hence why i did what i did

i'm all for the price increase. it needs to increase, but not like this

But you can't control it, can't control the market. I honestly don't know how much Adam was behind the recent rise (financially or otherwise)... but in general if people like BURST they're going to invest in it...word is getting out more and more. Miners may hold more BURST than previous because they see more potential. Crypto in general is gaining traction across the world. BURST can continue to rise significantly and quickly.

Although I don't know much about it, NEM ... started a a NXT clone, 9 billion coins (familiar?).... shot up wildly .... it's now #4 or #5 in the world and holding over a billion dollar market cap. I wonder how many of them hated the 10,000% run up (or whatever it was) and would like to go back to those solid times of 3 - 4% a month?

With all due respect nameless, your world view on BURST is just that... YOUR view. You think the AE as constituted is the single biggest factor in BURST. I don't. I also think things change, people will adapt, the best assets will adapt, the AE will adapt. Maybe instead of trying to control the market for the sake of your asset... you should be thinking how you can change and adapt your asset to deal with the market? Or start a new asset?

And for the record, I have no problem what you did (trading wise) ... trade how you like... it's a free market. I do have a problem with you trashing the coin itself ...but hey, if you get satisfaction from that go nuts... just not sure why you'd still be here and/or involved with BURST if that's how you feel?

Edit - I just saw your apology ...not necessary but I'm sure appreciated by many.

socalguy

@LithStud said in Some stuff i had to clear i guess:

@nameless @socalguy there is a common misconception that altcoins has a free market, the harsh reallity is all altcoins are controlled by someone with deep pockets. It way to lucrative of an oportunity to not be used.

It is a free market but Burst isn't as liquid as others. That will occur soon but will need the help of the community too.

Alright, I'm not going to watch this thread anymore. I forgive @nameless but I need to see more of those videos with burning panties and wearing bras.... lol j/k

Propagandalf

@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.

falconCoin

@nameless so you called it a "shit coin" ??

nameless

@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

falconCoin

haha wasnt me i never saw u say that.... the response is awesome tho... we are all being watched