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RE: BURST profits with Burstcoin wallet decentralized asset exchange
I'm not sure how this project will fair long-term as more than a speculative trading asset. I don't think the POC idea is very sound. Check out my opinion below:
https://steemit.com/cryptocurrency/@kyle.anderson/burst-my-bubble-an-opinion-on-the-dangerous-influx-of-altcoin-posts
so you posted this link yesterday, and today, but not tommorow
I am going to keep sharing my opinion when the topic is brought up.
as long as you have something new to say, I welcome it
Oh that's very interesting. I voted and followed.
Well first, I scored big on Boolberry blind luck i got in cheap and out on a spike. My volume was really low though. I got luckier with Pascal, lol. I am very new trading, just a few months old.
What attracts me to Burst that the other cheap coins don;t is that it actually has value outside of being traded. It's like Steem has value because people want their vote and curation to be stronger so people will pay for that ability.
Burst people will buy to play at the casino or soon they can use it with Steam Games. I'm not sure on those details but its sounds like a huge step forward to be considered a real coin with value outside of trading.
It's trading so low now that even at this level I can pay off the equipment in 6 months or so without much risk of it going lower. Plus I bought the hd with my Steem earnings and lucky trades. So for me its kind of like Zero risk because I never used any of what many people call "real" money.
For me it's still an experiment if I fail I nothing in my life will change. I won't lose the a house or a car or may cats run away.
BUT
Burst could go to a penny or maybe even a dime. At which point my invest I might be able to buy a house or a car or a trip to Florida to thank Craig personally for getting me involved.
You could be right. Either way i'm enjoying the ride.
It is great that you are getting into tradeing. I dislike the burst project because I feel their algorithm could be dangerous in the future. Not to mention that it is just a complete waste of disk space. There is a reason they are worth so little. Check out projects like Ethereum and MaidSafe, both have similar principals to using storage but do so in a way that can provide a very useful service.
I want to point out why Craig is so supportive of Burst on this site. Potentially like you, he happens to be personally invested into the token and holds a portion. The only thing giving legitimacy to his position is convincing others to jump on board. Sure you might turn out okay with a profit when enough people hop on the bubble but in reality it is just that, a bubble. There is only so much room in the crypto space for lasting blockchains and I don't think burst is going to be around for the long haul. Projects like Ethereum can currently do everything burst can do and more.
First. Thank you for your concern. I am really new to all this stuff and I know that I am not digging to deep when I look into Burst and other coins.
I really listen to your words and ponder them as well.
So I got an 8tb hd on the way to mine Burst with my laptop. What else can I mine with an 8tb hd that's low energy like Burst.
I am rarely in too deep to anything that I can't change course. The reason I am on the Burst path is I think it can't go much lower and if it just goes up a little I could make off with a good return.
And I don't know enough about other coins.
Burst pissed me off last night because the wallet for the desktop would not install on my comp so tried downloading it from 2 different sites. Both version said "corrupted" download again.
Then I wanted to try my hand at the assets exchange and I could not for the life of my find the asset exchange market. I watched a 5 tutorials and could not find a single asset to buy. Clicking the exact same things the guy in the video clicked on did get me the same results. I'm baffled.
I also know Craig gets excited and his excitement gets me going. He's offered good advice here for me anyways.