Is blurt an opportunity in our backyard being ignored?

in Project HOPE4 years ago

blurt-apple1.jpg
It is quite often that we aim for a far hanging fruit and over look a fruitful opportunity that is quite close and within our reach?

Perhaps it is human psychology that stimulates people to go for the chase before the hunt or the herding tendency that makes one follow a group?

Either way investing is neither of this. It is more of spotting an opportunity and riding to success with this intent I write and explore the opportunity of Blurt.

Blurt is a crypto that came to life as a result of a hard fork of steem So it means it has the same number of accounts that steemit had at the time of the hard fork that means a big user base.

The price of Blurt is low in fact much lower as compared to steem or hive So the big players are not as active as they are on steemit or hive.

Do we see an opportunity?

If you are interested in the crypto space then this looks like an interesting opportunity.
I say this because There was a time a few years back when steem was in a similar price valuation.
Steem was at a all time low of about 6 cents. In fact the exact price as per the coinmarketcap.com website was 0.069192 USD on Mar 10, 2017
However some people saw a potential of steem at that price points and invested.
Historically it went up to $8.57 USD on Jan 03, 2018. During this journey it got a lot of attention and a lot of people got on board.

steem-chart.jpg
source

So with the experience of steem in the DNA of Blurt can the learning experience be used to emulate the success of Steem ?

The fork advantage

Steem is a much older and established crypto currency and blockchain having a market cap of $84,085,734 USD which did not happen in one day. It grew over time.

However being a coin born out of a fork has its advantage.
Take for instance Hive it is already at a market cap of $78,683,244 USD

So could blurt capitalize on the hard fork coin advantage ? perhaps time would tell.

Getting ready for the next bull run

The next bull run would give us plenty of stories to write about not just about crypto but so many things in general.

People are willing to experiment with blockchain driven social media platforms and the right incentive could see the space grow many fold.
So diversifying our portfolio looks like a good idea.

The opportunity for authors

Now that the blurt price is one odd cent and much lower from its listing price so it is a good opportunity to collect as much blurt power as possible.

Currently the reward settings are such that all your earnings go to increase your blurt power.
In a way this is quite nice place to learn earn and grow.

It reminds me of good old days

There was a time when there were no down votes and life was simple.

Blurt life is a way to experience those good old days and power up the accounts.

Learning from History

Remember it is easier to power up when a currency is cheap.
Even a $1 power up makes you 100 points stronger from where your account stands today.
Even the risk reward is in your favor.
A $ 1 or a $10 risk is not much if you look at the journey of steem and steemit from a few cents to a couple of dollars.

Would blurt go up to a couple of dollars ?

I cannot say that and it is only the future which holds the answer to this one very important question.

Would the inactive user base become active on blurt and cause fresh life to kick in ? Perhaps time would tell.

Sum of parts theory

As an investor so far the sum of parts mostly adds up to more. Take for instance the case of Bitcoin.
Suppose a person has one bitcoin and he bought it after the last hard fork.
So if BTC is at $12000 his holding would be worth $12000 only as compared
to an investor who held bitcoin before the first fork so his holding would be the the value of 1 BTC+ the value of all the coins generated due to the hard forks.
The same applies for ETH as well.
So for long term Hodlers the sum of parts may add up and give a good portfolio return.

  • As a crypto that is over a month old its charts are still very young and we cannot say for certain if the initial dump is over or is there further downside.
    all one can say is that it would be depend a lot on the investors who put in their money,content creators and curators and perhaps a little bit of luck.
    Just imagine what would happen to the Blurt pricing if it got listed on a top shot exchange like Binance?

At what point Blurt becomes an interesting opportunity for you

  • Price point as an investor
  • As a content creator and curator
  • As someone who wants to post his/her life's happenings and earn some crypto in return

Disclaimer: This is not investment advise. Please do your own research and due diligence before making an investment.

If you are interested in earning some extra income
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  • As a long term supporter of project hope I am sharing 25% of the earning of this post with @ph-fund that helps sustain the community economy

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I expect nothing from Blurt but I share my content there.

Thanks for sharing your views @chesatochi
Though for your style of blogging it could be a plus as at some point the domain authority of the blog could go up and all the backlinks to your site wood give its ranking a boost.
Plus whoever sees you with your cuppa coffee saying your opening lines is sure going be come back for your videos Buddy ;)

My pleasure, nothing better with a good coffee. ;)

I think very similar to what you think here in your publication, however, I don't know if Blurt can have such a valuation I think only if they enter some first level exchanges, that could revalue a little bit.
But as he says, time will tell. No negative votes, that's good. Stories can be cyclical, and maybe I'll run with the same luck as steem, who at some point took off. Everything is yet to be defined, certainly.

Thanks for sharing your opinion @josevas217
I am glad to find some one who shares my thought process
I guess we can wait and watch as to what path the future takes.

 4 years ago 

Greetings friend, @thetimetravelerz.

I really enjoyed this reading. I congratulate you on this good article.

As for the future of Blurt, I cannot give votes to its favor, since I have never thought that copies or imitations are good. We can see the cases of Weku and Whaleshare.

Hive is different.
Hive, despite being a copy of Steemit, was created, developed, and managed by the old Steemit witnesses who have all the necessary experience. In addition to the financial support of blocktrades. That is why hive has become a worthy opponent of Steemit.

Thanks @juanmolina I am glad I could provide some value through my post.
What you say about Weku and Whaleshare is very true at one point though they showed potential.
It is true how Hive has taken a very different path and made a place for itself.
Thanks for stopping by and sharing your valuable insights.

 4 years ago 

Please, continue bringing us your valuable work.

I used bluer to share some posts but no engagement and any support. Maybe in the future, it gets more but as of now, I did not like it much.
@tipu curate

What you say is very true @alokkumar121 without engagement there is not much fun writing on a platform. It is like a tonic that keeps us going for sure. Appreciate your views and curation :)

I have not even visited the blurt portal to check my tokens because there is no community. Not as of now but maybe in future I can think of posting there if I see more engagement there.

Hi understand how a lack of active community can be a deterrent @reeta0119 Thanks for sharing your views

Very good post, I like this kind of information related to investment analysis in different currencies. I particularly think that Blurt will not have a chance in the market, I see the same story of similar networks like Weku, Bearshares and/or Whaleshares.

Thank you very much for sharing your impressions.

@lenonmc21
Financial Markets Analyst.

Thanks @lenonmc21 for sharing your views.
You have very nicely expressed your point.
Appreciate your feedback and knowledgeable comments

Very good post, I like this kind of information related to investment analysis in different currencies. I particularly think that Blurt will not have a chance in the market, I see the same story of similar networks like Weku, Bearshares and/or Whaleshares.

Thank you very much for sharing your impressions.

@lenonmc21
Financial Markets Analyst.

Very good post, interesting analysis on this project, however, particularly we think that it is not a good investment, I think it will have the same fate as the other networks that failed.

Thanks for sharing, my friend.

Erarium Project
Financial and educational community
@erarium

Thanks @erarium appreciate your views on the subject.
Your comments add value on the subject
Thanks for sharing your knowledgeable insight

 4 years ago 

Dear @thetimetravelerz

Finally I've found some time to catch up and read few previously bookmarked posts.

I'm not sure what does Blurt have to offer, which would make it stand out comparing to steem and hive. I personally don't see reason to be active there and invest time to build my presence on this chain.

Price-wise I see it the way I've seen Palnet. Price may be low, but it will be most likely even lower. There is simply nothing that create demand there.

Solid read. Upvoted already.
Yours, Piotr

Dear @crypto.piotr
I appreciate your views and meaningful insights your comments bring to the subject.
You are right on all points that you share.

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