Topic: How long before NXT reaches $1 from now? (Read 1893 times)

Strange...that was my guess & vote, made before I even read your OP.

I disagree, although I'm a NEM critic. NEM has launched and so it has proven that it's not more or less a scam than 99% of the other altcoins.

But I think Proof-of-importance is an inferior algorithm than Proof-of-Stake. It may seem fairer, but my impression is that it leads to higher transaction costs as it actually encourages to make transactions and so to use the most scarce of ressources in a cryptocurrency system: blockchain space.

And why is that ? Nem has nothing to offer that Nxt doesn't offer already. Talking about the new honest stakes is also a big bloak since a many people bought multiple stakes when Nem was in development. I smell coin propaganda here  .

Nem was an epic investment vehicle though ! I bought in at 5$ or so and managed to sell it near it's all time high per stake on the Nxt Asset Exchange . I think it was my best investment of the year. Look at it now I'm glad I got rid of it with that good profit because I maximized it so it seems.

Well, I watched the whole ridiculous situation develop from the very beginning.  A lot of the original posts about NEM were deleted/modified by UtopianFuture.  For instance, he claimed in the beginning that all stakes would be given away for free.  He later changed this and started selling stakes for BTC and NXT, but only after he grabbed a ton of free stakes with his sockpuppet accounts.  Some of the NEM threads are moderated and anything incriminating or negative, regardless if it is the truth, gets deleted.  The hilarious part about NEM is that UtopianFuture exposed himself as having sockpuppet accounts when he accidentally logged in as one to post.  It is of course impossible to prove how many sockpuppets UtopianFuture has or how many of the supposedly "independent devs/supporters" are really just him, but it wouldn't surprise me if it was the mass majority.

what evidence do you have on NEM? i thought i saw a post somewhere on that about sock puppets. where is that?

Trust me, there's not.  The mass majority of "NEM devs/supporters" (aka Communists) are sockpuppets of the greedy, sub-human, degenerate known as UtopianFuture aka TaunSew aka a multitude of other filthy names.  He mindlessly roams the forum spewing ridiculous assertions and lies to try to mislead people into giving him more money.

If you invest in NEM, you will surely lose money.  It was started as a scam and it will end as a scam.  If you like liars, cheaters, thieves, sub-human degenerates, Communists and perverts, then NEM might be for you.

Probably has something to do with the fact that NEM was originally created as a NXT clone in order to 'fix' the initial distribution of NXT as unfair(despite the fact that the NXT IPO was open to all for 2 months).

While NEM has broken off and done its own thing and separated itself from NXT completely now, I can't really say that I support the idea of giving free stakes to 1000 people as a better option than the other ways of originally distributing a PoS currency. Between the uninforcability of keeping stakes to one per individual, to the fact that the vast majority of stake holders contribute nothing of value and essentially become free riders on the economy, I don't really see the benefit of doing it that way. The incentives don't really line up. That's over and done with though, so there's nothing that can be changed about the past in that regard. But NEM has to demonstrate some value over other established cryptocurrencies if it wants to be a long term competitor.

I'm sure there's some potential in NEM, but they need to reinvent their purpose in a way that makes sense and answers the question of why NEM should be used over any other cryptocurrency.

What about Nem (Xem), which is created from scratch after a year of development but people still seem to confuse it with Nxt?
I used to have Nxt, but I'm happy to have gotten rid of it 

NXT already reached a $100+ million market cap twice before and both peaks occurred 6 months apart and during a long term bear market for cryptos. Whether or not NXT reaches $1 per coin would depend a lot on the BTC price since the prices of altcoins usually follow the BTC price as it rises and falls. A $1 billion market cap for NXT sounds like a very optimistic prediction, but if Bitcoin's market cap is $50+ billion then it's not unrealistic for the second, third, fourth, and fifth largest cryptos to have market caps over $1 billion. Whether or not NXT will be one of these coins is unknown, but out of all the altcoins out there, NXT is probably one of the more promising ones. It's technology and features are innovative and it has one of the most developed ecosystems of any 2.0 coin due to its asset exchange which has more users than any other competing platform.

So to answer your question, I think Bitcoin's price would need to rise again before we see any altcoin with a $1+ billion market cap. So far, Litecoin was the only altcoin that was able to reach a $1+ billion market cap (Auroracoin doesn't count) and it took a massive spike in the BTC price for this to happen.


It's been hovering around 1 cent for a while now. According to CMC, the latest price is $0.009341 so it's slightly under that now:

http://coinmarketcap.com/currencies/nxt/


NXT is currently falling a little bit faster than Bitcoin. Just recently the price slipped under 4,000 satoshis for the first time. However, most altcoins have been losing value even faster than NXT so it actually managed to climb up the rankings despite this.


Decoupling means that the price would no longer be determined by Bitcoin's price. Litcoin's value decoupled with Bitcoin when it began to lose value much faster than Bitcoin did. A coin can also decouple if it becomes big enough that it becomes independent of BTC. If NXT were decoupled from BTC, it would mean that NXT's price fluctuates independently from that of BTC's.

I am not so confident on bitcoins future personally.
Who knows if something else will surpass blockchain technology either?
Cryptocurrency is still in its infancy.

The coin has the same role as Bitcoin in crytp world. It has good features and  accepted by most of the cryto believers. Another possible is that bitcoin is dead (It wouldn't be possible IMO just my delusion). 

The majority think it will never happen.  This is good news.  The majority is always wrong.

I tend to agree the last 12 months has been terrible for crypto.
Look at BTC, i think alot of the price was influenced by hype, hopefully alot of crapcoins will die off.
Im in it for the long term and dont really care when NXT will hit $1, all i know is its capable of exceeding $1 easily, whether its 5 years or 10 years or more away, it will happen.

HODL, dont expect to get rich overnight.

If cryptocurrency is going to be a factor in the financial future of the world then NXT probably has the best chance of breaking a billion dollar cap.

Even if cryptocurrency itself fizzles out then NXT still has a chance at growth since the platform itself adds value, and the currency is just one element of that whole.

whats a scenario if a coin were to decouple from btc?

Nxt price is still much coupled to Btc's price, like most other alts, when Btc goes down or up Nxt follows too. On the other hand it has been steady among first 10 crypto and has an incredible pace of development. The asset exchange is one of the best features and there are a lot of assets but this seems to have had little effect on price. I believe things could change when the SuperNET goes live, Nxt is one of the core coins and I expect that its price will begin to decouple from Btc.

I think it's at its lowest price since its ATH, but I'm wondering if it could go lower.

I'd say considering that NXT holds on pretty tightly while a lot of other coins pop up in the top and get dumped afterwards when looking at the long term prospectus, NXT could definitely go to 1$. However there is a long way to go and so is there for BTC. However I'll have to say I think that NXT will rise to the top due to the amazing features, developments and community and a 0.1$ USD will be achievable this year atleast !

When I read about NXT, I always read about the distribution issue.. It's old and isn't very much valid anymore .. So the only people that keep getting it up are people affraid of it if you ask my opinion .. Trolls promoting their own coins and bs like that. Just take a look yourself if you are really interested and don't just believe a writen down comment on the internet.

My year view is bullish for NXT and my longterm view is even more bullish, that being said, I invested some of my BTC into NXT and I'll be holding that and meanwhile trying to be of a good service in the community of NXT !

UHHHHH, HOW LONG BEFORE 1,000 USD.

That's only 1 trillion in market cap!

Should we also try to speculate on when Bitcoin hits that rumored 10k? 100k?

How about when Ethereum comes out?


Honestly, I think the space is gonna have some pretty huge hurdles to overcome and will likely have interest sparked by another economic catastrophe.

So sit back, boys. We're in for a long haul regardless of what project you like.

Hard to say when.  I mean seriously...