Topic: | Nxt | Blockchain Platform | Proof of Stake | Official - page 384. (Read 941285 times)
how about the ceo of ebay saying that they will be accepting bitcoin soon. crazy.
haha. my asset is the only asset where its a great thing for nxt if the price crashes 
*edit* wait maybe shortnxt?
*edit* wait maybe shortnxt?
I think the Silver asset would be a better hedge against a NXT price drop right. Doesn't NXTShort have no or negative value if the NXT price goes up? I wasn't 100% sure how that asset works.
it works the same as the silver asset but is like a financial instrument. if NXT/BTC rises, the shortNXT price goes down and vice-versa
Cool, So is all the buying/selling of it with the asset maker, or are others trading NXTShort with eachother?
thanks.
I'll watch the candlesticks and wait for the inevitable retracement and pick up some NXTShort.
Asset issuer is placing bid/sells i think once a day. But you have to trust the asset issuer to payout when he says he will. Otherwise this asset is just worthless junk. Be always aware of the counterparty risk and check out the 2nd party (in this case Lophie iirc)
Edit: also checkou the payment formula, it is not a linear output!
% of NXT/BTC performance is reversed every 24 hours:
If NXT gains 10% on a day, than NXTshort will drop 10%.
If NXT drops 10% on a day, than NXTshort will rise 10%.
This is obviously very flawed, because if NXT gains more than 100% on a certain 24hour period, the price goes subzero? I guess Lophie has his ways of dealing with those situations.
Me thinks, Lophie is going to be a busy boy for a few weeks!
Busy and rich... hehe
haha. my asset is the only asset where its a great thing for nxt if the price crashes
*edit* wait maybe shortnxt?
*edit* wait maybe shortnxt?
I think the Silver asset would be a better hedge against a NXT price drop right. Doesn't NXTShort have no or negative value if the NXT price goes up? I wasn't 100% sure how that asset works.
it works the same as the silver asset but is like a financial instrument. if NXT/BTC rises, the shortNXT price goes down and vice-versa
Cool, So is all the buying/selling of it with the asset maker, or are others trading NXTShort with eachother?
thanks.
I'll watch the candlesticks and wait for the inevitable retracement and pick up some NXTShort.
Asset issuer is placing bid/sells i think once a day. But you have to trust the asset issuer to payout when he says he will. Otherwise this asset is just worthless junk. Be always aware of the counterparty risk and check out the 2nd party (in this case Lophie iirc)
Edit: also checkou the payment formula, it is not a linear output!
% of NXT/BTC performance is reversed every 24 hours:
If NXT gains 10% on a day, than NXTshort will drop 10%.
If NXT drops 10% on a day, than NXTshort will rise 10%.
This is obviously very flawed, because if NXT gains more than 100% on a certain 24hour period, the price goes subzero? I guess Lophie has his ways of dealing with those situations.
Me thinks, Lophie is going to be a busy boy for a few weeks!
haha. my asset is the only asset where its a great thing for nxt if the price crashes
*edit* wait maybe shortnxt?
*edit* wait maybe shortnxt?
I think the Silver asset would be a better hedge against a NXT price drop right. Doesn't NXTShort have no or negative value if the NXT price goes up? I wasn't 100% sure how that asset works.
it works the same as the silver asset but is like a financial instrument. if NXT/BTC rises, the shortNXT price goes down and vice-versa
Cool, So is all the buying/selling of it with the asset maker, or are others trading NXTShort with eachother?
thanks.
I'll watch the candlesticks and wait for the inevitable retracement and pick up some NXTShort.
Asset issuer is placing bid/sells i think once a day. But you have to trust the asset issuer to payout when he says he will. Otherwise this asset is just worthless junk. Be always aware of the counterparty risk and check out the 2nd party (in this case Lophie iirc)
Edit: also checkou the payment formula, it is not a linear output!
% of NXT/BTC performance is reversed every 24 hours:
If NXT gains 10% on a day, than NXTshort will drop 10%.
If NXT drops 10% on a day, than NXTshort will rise 10%.
This is obviously very flawed, because if NXT gains more than 100% on a certain 24hour period, the price goes subzero? I guess Lophie has his ways of dealing with those situations.
haha. my asset is the only asset where its a great thing for nxt if the price crashes
*edit* wait maybe shortnxt?
*edit* wait maybe shortnxt?
I think the Silver asset would be a better hedge against a NXT price drop right. Doesn't NXTShort have no or negative value if the NXT price goes up? I wasn't 100% sure how that asset works.
it works the same as the silver asset but is like a financial instrument. if NXT/BTC rises, the shortNXT price goes down and vice-versa
Cool, So is all the buying/selling of it with the asset maker, or are others trading NXTShort with eachother?
thanks.
I'll watch the candlesticks and wait for the inevitable retracement and pick up some NXTShort.
Asset issuer is placing bid/sells i think once a day. But you have to trust the asset issuer to payout when he says he will. Otherwise this asset is just worthless junk. Be always aware of the counterparty risk and check out the 2nd party (in this case Lophie iirc)
Edit: also checkou the payment formula, it is not a linear output!
haha. my asset is the only asset where its a great thing for nxt if the price crashes
*edit* wait maybe shortnxt?
*edit* wait maybe shortnxt?
I think the Silver asset would be a better hedge against a NXT price drop right. Doesn't NXTShort have no or negative value if the NXT price goes up? I wasn't 100% sure how that asset works.
it works the same as the silver asset but is like a financial instrument. if NXT/BTC rises, the shortNXT price goes down and vice-versa
Cool, So is all the buying/selling of it with the asset maker, or are others trading NXTShort with eachother?
thanks.
I'll watch the candlesticks and wait for the inevitable retracement and pick up some NXTShort.
Asset issuer is placing bid/sells i think once a day. But you have to trust the asset issuer to payout when he says he will. Otherwise this asset is just worthless junk. Be always aware of the counterparty risk and check out the 2nd party (in this case Lophie iirc)
Edit: also checkou the payment formula, it is not a linear output!
haha. my asset is the only asset where its a great thing for nxt if the price crashes
*edit* wait maybe shortnxt?
*edit* wait maybe shortnxt?
I think the Silver asset would be a better hedge against a NXT price drop right. Doesn't NXTShort have no or negative value if the NXT price goes up? I wasn't 100% sure how that asset works.
it works the same as the silver asset but is like a financial instrument. if NXT/BTC rises, the shortNXT price goes down and vice-versa
Cool, So is all the buying/selling of it with the asset maker, or are others trading NXTShort with eachother?
thanks.
I'll watch the candlesticks and wait for the inevitable retracement and pick up some NXTShort.
haha. my asset is the only asset where its a great thing for nxt if the price crashes
*edit* wait maybe shortnxt?
*edit* wait maybe shortnxt?
I think the Silver asset would be a better hedge against a NXT price drop right. Doesn't NXTShort have no or negative value if the NXT price goes up? I wasn't 100% sure how that asset works.
it works the same as the silver asset but is like a financial instrument. if NXT/BTC rises, the shortNXT price goes down and vice-versa
haha. my asset is the only asset where its a great thing for nxt if the price crashes
*edit* wait maybe shortnxt?
*edit* wait maybe shortnxt?
I think the Silver asset would be a better hedge against a NXT price drop right. Doesn't NXTShort have no or negative value if the NXT price goes up? I wasn't 100% sure how that asset works.
This should be a zero-sum game. The NXT had to be bought before.
Well, yes and no. If original stakeholders buy those AE tokens, it's not like they had to buy NXTs at market price first.
Good point. But I think when talking about a single company, then the influence on the price should be irrelevant. No real company(one that uses NXT AE instead of normal stock exchange) will launch their assets here before NXT hasn't reached a certain marketcap and then you will be able to move funds in and out like BTC market now.
This should be a zero-sum game. The NXT had to be bought before.
Well, yes and no. If original stakeholders buy those AE tokens, it's not like they had to buy NXTs at market price first.
It is actually a weird thing overall. When real firms start using the AE for IPOs and their business in only in Fiat, they kinda hope that the NXT/FIAT price crashes, otherwise their stockprice will always suffer, even if they do good. This will be quite the barrier until price stabilizes!
These firms actually help facilitate the price not go up very quickly by selling off NXTs they raised to fund their operations.
This should be a zero-sum game. The NXT had to be bought before.
It is actually a weird thing overall. When real firms start using the AE for IPOs and their business in only in Fiat, they kinda hope that the NXT/FIAT price crashes, otherwise their stockprice will always suffer, even if they do good. This will be quite the barrier until price stabilizes!
These firms actually help facilitate the price not go up very quickly by selling off NXTs they raised to fund their operations.
haha. my asset is the only asset where its a great thing for nxt if the price crashes
*edit* wait maybe shortnxt?
*edit* wait maybe shortnxt?
if shortNXT is not a scam, then yes that one too.
Assets that are good if NXT/BTC crashes: Everythink that is not dependent on NXT price but other price:
All BTC gateways
All other cointokens
All commodities
All firms that are denominated in FIAT
All passthroughs
its just weird looking at the price of my asset crash and going
hehe, yeah
It is actually a weird thing overall. When real firms start using the AE for IPOs and their business in only in Fiat, they kinda hope that the NXT/FIAT price crashes, otherwise their stockprice will always suffer, even if they do good. This will be quite the barrier until price stabilizes!
haha. my asset is the only asset where its a great thing for nxt if the price crashes
*edit* wait maybe shortnxt?
*edit* wait maybe shortnxt?
if shortNXT is not a scam, then yes that one too.
Assets that are good if NXT/BTC crashes: Everythink that is not dependent on NXT price but other price:
All BTC gateways
All other cointokens
All commodities
All firms that are denominated in FIAT
All passthroughs
its just weird looking at the price of my asset crash and going
haha. my asset is the only asset where its a great thing for nxt if the price crashes
*edit* wait maybe shortnxt?
*edit* wait maybe shortnxt?
if shortNXT is not a scam, then yes that one too.
Assets that are good if NXT/BTC crashes: Everythink that is not dependent on NXT price but other price:
All BTC gateways
All other cointokens
All commodities
All firms that are denominated in FIAT
All passthroughs
haha. my asset is the only asset where its a great thing for nxt if the price crashes
*edit* wait maybe shortnxt?
*edit* wait maybe shortnxt?
I missed it but...
The standard fee for Nxt will also be lowered in the next release. Wesley said so much in the weekly hang out with Tai Zen.
Something else to look forward too
The standard fee for Nxt will also be lowered in the next release. Wesley said so much in the weekly hang out with Tai Zen.
Something else to look forward too
I am looking forward to that. The current fee is just way too high, psychologically and financially.
PS: I transfered 100kNXT today and had a weak moment and sent with the "standard" 100 NXT fee.... motherfucker was I angry with myself...
I made that mistake once.
I missed it but...
The standard fee for Nxt will also be lowered in the next release. Wesley said so much in the weekly hang out with Tai Zen.
Something else to look forward too
The standard fee for Nxt will also be lowered in the next release. Wesley said so much in the weekly hang out with Tai Zen.
Something else to look forward too
I am looking forward to that. The current fee is just way too high, psychologically and financially.
PS: I transfered 100kNXT today and had a weak moment and sent with the "standard" 100 NXT fee.... motherfucker was I angry with myself...
I hope the drop is to .01. That seems to be the fee with most coins. I know that this is the ONLY money that will be given for forging since no new coins are mined but the only people forging probably know that forging isn't really making the rich.
NSC are forged with every block found, and those NSC go for 10-30 NXT, so forging is very profitable at this moment!
So, even if that is true, the transfer fee can be lower and it won't affect the NSC if I understand what it is.
exactly! That is also a reason why I promote the fee reduction so much since months..
Do I sense some jumping on of the band wagon going on?
NSC has only been around a couple of weeks, just after AE launch
It is ANOTHER reason. Check my posts, I am one of the guys that promotes lower fees since ages. Still don't understand why it wasn't introduced when NXTquant was released. JL said it was technically possible starting from that day....
NXT/CNY is going great
true but not BTC .
Because btc38 has literally NO volume on BTC/ALTCOINS. They are a CNY exchange!
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