The price made me laugh out loud this morning
Why? Is there a reason why we should be laughing? I think it is still too high to get in at these price. I am still awaiting for it to go down and have a fair bargain before buying.
I kinda expected it to go back down to 2k sat to be honest, not sure if it's gonna get there any time soon.
Also, I am getting about 150 NXT/day forging now, which is awesome
On what basis?
Holding NXT means you get Ardor, the more NXT you hold (the door), the more Ardor you get. This should act to increase demand in NXT,
so a falling NXT price right now would not make sense. There may be a sharp fall in price in September running up to the Ardor distribution but they might be counteracted by late comers trying to get in the door through FOMO.
I feel the wider crypto community are ignorant to the Ardor release and many will be waking up as volume increases.
I have pointed out this before that we can use the price of NXT as a barometer to measure the interest in Ardor. If there is not much demand in NXT then we can see that not many people are interested in Ardor. Right now we are seeing that the NXT community got in to buy and hold NXT. We still have not seen outside the NXT community because there is not much chatter in the forum about Ardor. Everyone is busy talking about ETC and before that STEEM.
You are quite right, I believe, regarding price/barometer. But you forget the most important and the determining factor in NXT, since practically the very beginning: The fat wallets owners have one (logical) purpose. One only: To cash in on their holdings as fast (but orderly) as possible. Wouldn't you? They own many millions, tens of millions of it. And they won't be wealthy until they sell, at a decent price, most of their holdings. So the selling pressure is absolutely constant. At any price. And, logically, sucks up every wave of buying. The market doesn't allow for more of what has happened in the last few weeks (much bigger fish to catch) and therefore the price will continue going down... all the way to where it was before the Ardor announcement. No one of the small fish is selling (they are all accumulating ARDR), but the fat wallets are selling as much as they can and as quickly as they can. Like I said, they do it in an orderly fashion to keep the price from nosediving, but the selling is relentless. That was before ARDR and continues now that the influx from current holders have subside. That's how NXT "works".
As for Ardor itself, I have been trying to understand what it is and I believe I have it, finally. It's just a relative small advance in the same already existent technology. I guess what I was hoping for was some kind of actual REAL WORLD use of it. There's none. It isn't a technology that is going to be used by any real company. Any bank. Any retailer. Any exchange. Any country. It is a technology that will be used -as it is already- in the "Asset exchange", which is basically trading between a minimal group of people "assets" of no value or relevance in the real world. Or by chimeric "customers", such as NAUT or the Democracy thing that no country will ever use in the real world. So, again, it is something sold only to the exact same of convinced people with the exact same amount of resources but that is no closer to any mainstream use than it was two and a half years ago. Oh, and yes, the blockchain technology is being pushed in the real world, but it is being pushed (studied, experimented with...) by big REAL companies that will eventually come up with ready-to-implement solutions that will be sold to all the big companies (REAL ones) that are going to implement it.
As for the idea of decentralization... well, let's just say it is never, ever going to happen in the real world. Ever. And for good, evident reasons.
So now I finally understand that all the speak here -and in other boards- is directed at the "cult", not at the real world. But isn't it fun?
