After losing 75% in the past few days, BLURT just lost ANOTHER 50% of its price in just the past hour. It has only been 6 days since drama began, meaning the first powerdowns have yet to complete, and the price could be about to collapse even further.
Why did it just crash... again? I don't know, and haven't heard anyone's theories yet, but it could just simply be whales and insiders dumping massive volume.
Now under half a cent each, BLURT is one of the worst recent performers in the entire sphere.
I myself have not had the time or energy to keep updated on all the drama lately. From the "discovery" of The Foundation 6 days ago, to the anger and bickering and threats of the whales, to the recent official statements... a lot is going on. Many huge powerdowns are underway, and will become liquid over the next few days. If those huge sums enter the market, further massive drops are assured.
Meanwhile, BTC remains in bear market mode, which doesn't help the situation on Blurt at all:
The BTC price was choppy but overall sideways today. HIVE had another good day, rising slightly during this crypto bear market. BLURT was stable at 0.045 HIVE each last week, right now they're 0.015 HIVE each.
Do you know what you're going to do?
I'm pretty flabbergasted. I won't detail my personal situation again today - I vented enough about that yesterday! At this point, my wife and I have turned 10 years of hard work and sacrifice into less than 2 grand, far below the cost of equipment burned out in that time. I had a thriving YouTube channel and FaceBook page, now banned and censored to oblivion, currently posting blogs to about 15 readers on a good day. My activism is halted, my message is no longer getting out, and my health is fading fast. I've endangered the future of my innocent little babies, at a very bad time for humanity. I fucked up.
How about you? How are you feeling? Do you have plans?
It might be useful to hear how other members of the community are doing right now, what they want to do, potential glimmers of hope, etc.
My personal observation of the day? Communities thrive on confidence and trust. Crypto communities also depend on the price of their token. For Blurt, it seems that all 3 of those things are decimated right now. We may have blown our chance at making a good first impression here. There may not be a future for this chain, no matter how hard a few dozen people try. I'm not making any predictions, but merely looking at the facts, our prognosis is now guarded at best.
I have 400,000 BLURT, having just finished converting all my other funds over. 90% of it is powered up. I have not decided what I'm going to do. Like I said, I've been busy (working on a big research project to be posted soon) and haven't kept up with the news and drama. Once I do that, and hopefully hear from a few of my friends and followers, I'll be ready to make a decision.
Best of luck to us all.
DRutter
I'm not powering down right now. Blurt has seen worse and gotten over it. This is a bitter time. I think some people got confused when they looked at the price of their Blurt wallets a couple months ago thinking that they could all sell it for 10,000 USD.
Blurt is a bit little rocky. Seeds that grow in rocky soil spring up very quickly so it looks like you have a good garden. Then when the times of drought come those plants shrivel up. It's because they can't take deep roots. There are some big rocks that need to be removed. There is a still a lot of hope when I look at Blurt. Times of hardship and persecution and attacks have already happened so the team is prepared. The blockchain will not disappear. If one front end goes down another will start up. It is special enough to invest a little and see what happens. If it goes down to the prices when I first joined then I may buy some more Blurt. That was less than 10 satoshi. No one can force people on Blurt to change so there will always be a lot of crap but there is crap everywhere. Personally, the crap on Blurt isn't difficult for me to bear with. A lot of reasonable people joined this blockchain and with their heads together the ship probably won't sink.
This is my honest opinion. I may be brainwashed by using Blurt for so long, but I still like it. I have experienced things here that make me see through crap and I can envision a time when creators are again happy to be on Blurt and feel rewarded.
On another note I have really enjoyed playing with crypto over the past few years. I noticed trends and I know the feeling of being at the bottom and of being on top. I also know that everything can go to zero. If it does, I don't think I wasted my time. I learned a lot of the past couple of years and I will continue to apply it (in bed).
(Like fortune cookies and any other advice... it never really makes sense until you add the words "in bed" at the end. In other words this is not financial advice.)
Re🤬eD
Another respectful retort from a valued member. 👏 👍. Thank you and here's my take...
Additionally, I believe ALL of these problems stem from "the devs" hiding ALL their stupid convos in Discord like IDIOTS.
After 5 years... Can someone see that this repeats over and over again?
These "Devs" keep fucking up the chain for everyone with their constant need to Moderate some Supergroup on Discord or slack or whatnot. They want constant Credit for doing things in the shadows instead of the Open.
So really the problem is people... As always.
Kind regards 🤬🥓
Communities thrive on confidence and trust
Exactly.
megamoron and his juvenile shenanigans has manged to destroy it all, in just one post.
(im on his 'account freeze' list, to!lol...yes, seriously)
Like you, Im basically blown away. Like the king of black Swans. I ve started a powerdown, but,l have not decided to sell or not, the price may be so low it doesnt even matter. Same as you, I can not keep up either with all the back and forth. I just know a major failure to comunicate between the two sides just wiped out my investment. I litterally can't believe "the solution" is freezing or force selling major accounts here.
@drutter: I am keeping cool and not letting the situation influence my actions, that I might regret later on... Hang on in there fellas! Have a great start into your week!
Im well impressed by your positivity and the fact that you managed to stay out of all the drama in the past few days. . . .(though im interested in your opinion as always. . . .)
Good morning luv! Hope you had a lovely weekend! My opinion: I am keeping out of this drama, because it would make it even worse than it already is! I am pro BLURT and I don't want to see this beautiful place ruined... There you have it... 😉🙏🌞❤️
U have my respect darling 💗 we need level headed people like you to balance the energies 🙏🏻
(If there is a timeline where you taking over managing this platform ; I'll vote for that!! 💗 just dont put me on any list for being a drama queen 😅)
Thanks for the flowers🙏💐
I'm still wondering if this is just plain stupidity or an attempt to buy up some cheap Blurt?
the megardive school of business...
the megadive school of argument and philosophy
the megadive school of how to reduce ageing
I just noticed that this curator appears to have sold 380,000 BLURT 2 hours ago (the same time as the price drop). I guess that answers the question of "Why?"...
And 100,000 three hours ago.^^
I think it is a waste of good Blurt. But only time will tell.
Thanks, yeah I noticed was just one large trade. And, astonishingly, NOT from anyone in the core team! Despite the propaganda. Worth also looking on H-E; lots of new names, many of them trading bots, some also known "curation vote bots".
I've been saying this for many months in my Economics reports that the yield on Blurt is high compared to Hive, and now even higher than Steem. THAT is a legit reason to buy in - the current vicious attacks are designed to lower the price so that more people can buy low and earn high.
Thanks again for tracking this.
I see a sudden price spike already, back to about 0.009..... so maybe there are buyers looking to scoop up cheap BLURT? The price is likely to be very volatile over the next while.
Just keep in mind that it is not the first currency to face downfall due to FUD created by whosoever ( i won't blame anyone ).
I have been here with blurt as a normal user then a official curator and then a witness. We have faced harsh times then this So i will be here.
Specially if someone invested money and bought blurt at 2+ cents there is no logic to sell it now.
For me it is just as good a time as any to consider buying Blurt again. Back where I am used to seeing the prices.
I feel your loss , and the loss of so many others ,.. by MD and friends doings .
I am not leaving , not selling ( as selling is useless right now ) , i am just powering down , as staked coins are in a way supporting the faulty coin prize killing management of the top dev's and foundation holders .
Yes it might not be working in favor of the coin prize , powering down ,.. but will give a good change on some serious change in the foundation and top 20 witnesses . As @ajerkoff suggested , MD should sell his work now , leave his self created throne and let the Blurt platform be free . Taking the coin prize further down will help putting some pressure on his mind ,.. like how free market working really works when you manage it like shit .
If MD and friends stay ,.. the coin will die anyways ,. so might as well take the risky road with a little chance on change and recovery after the crash . Who knows ,.. the whole name might change and blurt goes on as FreeSpeech . To shake of the bad blurt promotion's from the past .
Hang on , it's gonna be a bumpy ride , we might crash or we might not , i am putting my coins on the second . ;-)
I think I will do likewise (power down) as I have to defer crypto knowledge to trusted friends. I never came here for the money and have never even taken any out or put any in, just created content in a place I thought was championing free speech. The censorship of Lucylin has proved that to be a lie. All the crypto talk is over my head. Not everyone here is into crypto, some of us came for the freedom to talk. If that is taken away then Blurt holds nothing for me.
It isn't a done deal yet ,.. @bullywatch is silence , has no upvotes and zero followers .
And the comments section is telling ,.. as that is how we can resist this nonsense .
No matter the blurt-power , we have a voice ,.. let's use it . As you did :-) .
For when the bottles start hitting the stage , it's time to change the tune .
Before they (we) break the house down . ;-)
I do agree that maybe we are giving md too much power here, people have told me he actually has no ability to freeze anyone’s wallets so it’s just hot air and threats maybe we have to understand our power as community.
Maybe ? ,.. well maybe MD is taking to much power , and bullywatch is just proof of his god complex .
Wallets he can never tough , accounts could be frozen and content deleted , but only in extreme case of for example child-porn or abuse . It's a door to keep from being taken down by courts of law for having extremely unethical sadistic content on your servers .
I suspect MD was planning to abuse this door to slay his imaginary enemy's .
And yes , the power of the community has stopped him from his evil deed .
Should we trust him now ?
Very hard to do now , trust MD ,. his own actions did that , not some smelly penguin . ;-)
Ok will just wait and see, thanx
As long as they like crayons, safe spaces and singing kumbaya.
....buy the place out, i'll oversee the free speech side of it - then it can do what it's meant to !
(it's glaringly obvious that some people don't have a fucking clue around here.).
Shhh, give me a chance bud, not saying shit on here, when I am quiet, I am planning, I am going quiet.
I am playing a waiting game, but same as you, powering down.
I’m doing the same.
I won’t be selling for a while but I don’t want to be sat powered up till some trust can be regained and things settle. I at least currently have enough for a little holiday. I’m actually thinking of buying a little more tho crazy as it sounds just don’t want it all powered up at this point in time.
I comprehend that.
I’m doing similar powering down to keep myself wifh more options. I understand Tracey I think we all came here with various requirements I wanted a bit of extra sideline income for my art, a way to invest in crypto without putting money in but also have morals in how the sites play out, like I just couldn’t contribute to hive anymore.
Rule one of cryptos...buy low, sell high. Same as all types of trading.
Blurt may crash and burn, they all may, but i wont be selling any of my holdings during this crash.
This is a tiny part of the perfect srorm they have set up to kill us off with. Everyone who has had a death jab is in far greater shit than this little ego battle here on Blurt
It is strong what you are going through when one has the hope, the faith, of having a good investment, and like every parent to ensure the future of their children, because that is what we most want to take care of that our children do not lack anything.
I am a single mother and I know that, wanting to protect your loved ones, especially living in a country that is consumed by inflation... I understand you, I hope all this happens...
Who is this troll person?
I'm just going to continue on as normal at this stage and see what happens.
100% THIS
Such a hard and bad time for you. Sorry man.
Crypto is no longer free from institutional pressure. The last few years of huuuge wealth making price jumps definitely drew in institutional type investors and companies. In order to manipulate the market overall was the plan.. AND IT WORKED FLAWLESSLY . WHY the fugg would we see a crypto sell off BEFORE a stock market sell off? Because the institutional money is shorting ALL crypto before they begin the collapse of the Old World market. This is my take on it. My plans? Keep On Keepin ON! Sell wehn you can..powerup when you can and take profits. VBUY real world shit you will need in the very near future that is coming of absolute economic turmoil. Take advantage of the ability to EARN will I can is my plan AND ADVICE.
it's true I really remember getting into crypto in 2017 I worked for a small start up actually and everyone I met was AMAZING, every project was social good with it's heart in the right place I think it was around 2018 ish that I saw the space just full of ppl wanting to make quick money, bragging about how rich they were and just basically trying to scam everyone, get rich or brag about their wealth. it really sucked to watch. I lost interest in working in the space really around that time.
Thanks for commenting!
Yes, earn... that has been my plan for the past 10 years. I have done nothing but earn, more and more and more. That's the problem, though. If the token you're earning doesn't do well, you lose all your current and past earnings. My entire 10 years has now been reduced to under 2000 USD worth, and I've never spend anything or converted to fiat. If I want to earn with Blurt payouts and spend them on "real world shit I need", I first have to have 2 things. One, a way to convert BLURT to real world things, and currently that's just a pipe dream. And two, enough payouts to make it possible. At the current price of Blurt, I'm able to dish out about 1 USD in upvotes per day, if I stay on the chain and vote every 2.4 hours to maximize rewards. All my earnings equate to the power to generate one dollar per day. That was close to $50 back when HIVE spiked up last November, before I got nuked to zero by the Hive cabal. I can dish out a dollar a day, wherever I deem fit, even my own comments! I tend not to vote my own comments, though. I'd prefer other people curating my content, and I'd prefer to curate theirs. Curing your own content is pointless and cannabalistic. Sadly, my friends and followers here on Blurt don't have much money. Most of them are giving me tiny upvotes (often not even at 100%) while I'm giving them 25+ BLURT each with my larger stake. I'm the big curator... and also the big content-creator. I put out a lot, and get little in return. It was like that on Hive, too. As I got bigger, I got less and less support from others, and was basically just giving out a ton of upvotes and support to everybody else. Everybody powered down and took profits, while I kept the currency afloat by holding on. When I finally tried to make a withdrawal I was nuked.
So yeah, earn. I have been doing that for 10 years and look where it has got me. Do you have any more specific advice, other than to earn? Because I have shown that it doesn't always work, even if you put in nonstop effort for many years.
One thing I like to do is trade my blurt so I can move my earnings around for trading and purchasing with my CoinBase crypto card. We def take a risk when all of our holdings are in one token/coin. Diversify. It still a good way to make something from content by selling/trading for other currencies IMO.
Can you do all that without a smart device, ID, or bank account? I have none of the above - all my crypto actions must be private and decentralized (which is how ALL crypto actions were originally supposed to be.. but in reality almost none are).
A lot of this is happening. It's really your choice.
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@samhenrytenplus
just had to refollow you , don't now why I just randomly unfollow some people sometimes, only I seem to have this bug.
Odd! That's the first time I've heard of that happening here. Hopefully it's just a random glitch, and it will stop.
It’s happened to me a few times but I also notice it can change when I’m on my phone / iPad /computer sometimes too.