The price of BLURT is no longer crashing

in blurt •  2 years ago  (edited)

BLURT is down big from a few months ago, but the pain appears to be over!

Look at that sideways channel going back TWO MONTHS! Does that look like a falling price to you? At the very least, even hardcore Blurt critics have to admit the price has flattened out, and is no longer in bear mode. The fundamentals have changed for Blurt.

Why? Personally, I think there are a few reasons:

  1. Attacks on BLURT investors by the owners/foundation have slowed. While I don't agree with the Blurt elites' philosophically on many topics, I'm glad to see they have stopped directly trying to drive off owners of the token.
  2. The appearance that "something is being done" is helping Blurt look more attractive. Changes to the user interface have mostly been embraced by users. There are some criticisms about censorship arising from the "sovereign blog" blocking feature and other new changes, but overall there's a feel of progress and that is helping the price.
  3. Most of the whales have stopped their powering down and selling. Ctime and MK have both stepped back up to the plate recently, and I tip my hat to them here because they are supporting some of my created content. Investor-curators are a major part of platforms such as this, so it's very promising to see them active. Comet Ranker is a new whale that is supporting the price by making purchases whenever it dips. This is one reason the chart has been so stable for weeks now!
  4. The overall crypto market has stabilized, after the big falls in May and June due to scandals at various exchanges and supposedly-stable-coins.

In short, the management is trying to take positive steps instead of chasing off investors, and the crypto market itself has stopped crashing, leading to a floor being put in for the BLURT price! There's no guarantee it can't fall below half a cent, of course, but my point is that the collapse is over. Many of us are still in the mentality that the price is falling and Blurt is in trouble. That doesn't appear to be the case. For weeks, the price has failed to drop any further, meaning the powerdowns and dumping have ended.

Blurt is still here. Maybe not exactly as we all would like it to be, but it is still standing, and the downtime 2 weeks ago has been forgotten. All it will take now is a good week, and the chart could start looking REALLY attractive. At that point, a couple whales taking large positions could return the price back toward where it came from, and all that pain will be erased. Imagine your stack going x10 in a very short time? And most analysts believe a price of ten cents is just the beginning for Blurt. We could be on our way there now. If so, we are sitting on an incredible buying opportunity - one we may look back on and smack ourselves for not taking advantage of! As HIVE and STEEM recover above 1 USD again, BLURT (with no downvote cabal) will be looking like a bargain under 50 cents.

Conclusion: There are many reasons to be bullish on BLURT right now but most people seem to be sleeping on it! Heads up!

DRutter

EDIT: I forgot to mention that I just bought another 40,000 BLURT and powered it up! I now have 454,000 BP :))

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Lets talk in 6 months, I think its going up. Need to get some extra money in here 😆

Doooo it, I double dog dare ya!

The chart is very much looking attractive and the buy/sell walls too. I saw this post late the other night when you posted it. Read it, and went to bed...hahaha But looking at it again now, yes, you right on the money on basically all you points. You can actually feel the vibe changing. I certainly think things are heading in a positive direction. I'm looking forward to helping further facilitate that.

You are a pillar of the community! Thanks for giving your thoughts and support.

Thank you so much buddy! You are as well :)

It's good to see, but in all honestly I think the price of Blurt over the past two months has almost nothing to do with Blurt and is mostly a distant reflection of the bigger crypto markets. And those markets are manipulated by big players like Blackrock.

If they push them up now, Blurt may rise too. But Blurt is small potatoes and criminals like Blackrock can't be bothered with it, so it's still very flat. I think it will go upwards again, but clearly not like Monero. I like Monero but think all major cryptos are being manipulated up and down like yoyos, including Monero, while tiny ones like Blurt just follow along behind the trends.

A recovery looks more like this:

image.png



Posted from https://blurtlatam.com

Yes that looks like a recovery. I did not say I have seen any recovery in the BLURT chart, I said it has stopped crashing, not the same thing.

very true!


Posted from https://blurtlatam.com

Blurt phr up hoga bhai no tenshan. You are doing a good job sir.

I agree with your opinion and analysis. I hope Blurt will be bullish soon....

Why isn't the price rising? Too many people pulling Blurt out of the ecosystem...?

There's not a lot of influx into crypto right now because of the recent crash. When people notice it's not falling anymore, the bull will return. I think there's some selling going on, insiders selling their monthly income for example, but it's being bought up by people like Wil Metcalfe. So we're kind of at a stalemate, until either some big whales decide to get serious again, or the crypto market re-enters a bull market.

That sounds logical.. I hope the price will pick up soon!! 👍🍀

nice to see blurt stabilized lets hope it head up the ladder now and congrats on your power-up @drutter :)

Great to see Blurt stabilised and hopefully will trend up soon.


Posted from https://blurtlatam.com


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