BLURT did not just flash-crash to almost zero (AGAIN)

drutter (69)in #blurt • 10 days ago

We have a problem. Not with BLURT, but with how its price is displayed. What the world sees today is that it just suddenly crashed to almost zero. That's extremely unattractive, and leads to negative sentiment, missed opportunities, and poor outcomes. But it's not the truth - BLURT is trading at exactly the same price it was all day, and for the whole past week! The problem is how we are listed, displayed, and recorded for the world to see. Here's what it looks like on cryptomarketcap and coingecko:

That's the "run away and never look back" chart pattern. A really bad look.

But it's not real.

Others could explain this better than I can, but essentially, there's only 1 exchange (source of data) taken into consideration for this display, used by the main crypto market capitalization sites. The exchange (which is "Probit") has very little volume, and can be completely crashed (or spiked) with just a few hundred dollars. This makes BLURT look small, volatile, risky, and trashy.

But BLURT's market is a lot larger than just that exchange. It is traded in a few spots, not just one. It certainly should be traded in MORE places, that's a given. I'd like to see that. And apparently people like @agorise are working on that right now, which is great.

Right now, though, BLURT is shown to the world as a tiny blip of a token that has no market cap, no volume, and the price chart looks like garbage. This is one of the main reasons we don't draw the positive attention our awesome platform and currency deserve! We could shine, if people could see the reality of the token and blockchain community backing it up.

Compare BLURT to HIVE. We have a thriving community, as they do. Well, theirs is in major decline due to their downvote button, but let's ignore that for now. Our token is currently worth 1% of theirs. That could easily change, if people saw BLURT in a better light, but they're stuck in the twisted viewpoint created by this display issue.

Speaking of HIVE, look how BLURT is trading against it on other exchanges:

That's from Hive-engine. Notice that it currently costs 0.01007 HIVE to buy 1 BLURT (about 99 BLURT to buy 1 HIVE). HIVE's price on the open market is about $0.325 right now, meaning BLURT is actually worth $0.00325 each - a far cry from the 0.00149 shown by coingecko, cryptomarketcap, etc.

Tiny BLURT sales on Probit cause huge imaginary price crashes to be displayed on the sites the public uses to decide where to invest. This is the problem.

The solution probably lies with more-technically-minded members of our community, but my job (and you can help me with this) is getting the problem clearly stated, and widely recognized. Then solutions will come. Perhaps we can fix this by getting listed on more exchanges. Perhaps we need to contact the marketcap sites and get them to update how they collect and display our stats. Maybe both. Or maybe something else entirely. Let's figure it out!

So enjoy your BLURT, knowing it has not crashed to almost zero again today. It's still trading (everywhere except Probit) at the same price it was before. It's doing really well lately, at a high price going back to March, and looking bullish with the rest of the altcoin market. The crash today never happened.

The BLURT price displayed everywhere will be correct again soon, but the flash-crash (which never really happened) will remain on that chart like a stain. It wasn't real, but everybody thinks it was. And that keeps us from taking our place beside similar projects that are worth 100x us right now.