i'm so bad at predicting things haha
i don't understand why people keep selling at 0.00006 on dgex while it's at .7-8 on bter
Topic: NXT :: descendant of Bitcoin - Updated Information - page 1559. (Read 2761645 times)
NXT rise every 10 Minutes about 5%, lol lucky i buy yesterday for .36 
You must all hurry, the price will rise very fast now.
You must all hurry, the price will rise very fast now.
Clearly there is a significant pent up demand for NXT.
bter is a nice exchange, but they are a low volume exchange. A small fraction compared to the major Chinese exchanges.
China has the top 6 BTC exchanges and all are usually more active than bitstamp or btc-e. Something like 90% of BTC trading happens in China. Look at http://www.btc123.com/ if you don't believe me.
I doubt everyone who wants to purchase NXT has done so. On the other hand, the last two weeks has probably allowed pretty much everyone that wanted to sell their NXT at yesterday's prices to have done so.
James
bter is a nice exchange, but they are a low volume exchange. A small fraction compared to the major Chinese exchanges.
China has the top 6 BTC exchanges and all are usually more active than bitstamp or btc-e. Something like 90% of BTC trading happens in China. Look at http://www.btc123.com/ if you don't believe me.
I doubt everyone who wants to purchase NXT has done so. On the other hand, the last two weeks has probably allowed pretty much everyone that wanted to sell their NXT at yesterday's prices to have done so.
James
The more the Chinese buy NXT now the more they can trade with NXT assets on the distributed exchange when the restrictions on their exchanges come in at the end of the month.
Looking at the bter trades, it looked like there were a small number of traders that REALLY wanted to buy NXT. The orderbooks at dgex, nxtchg and even ripple were all wiped out (in a good way). This took a bit of time to coordinate and wasn't a spur of the moment impulse buy.
This also means that we can now provide a much easier path to purchasing NXT than before, for ordinary people, especially in China. The big action is in NXT/CNY, current exchange rate is 6.05 CNY/USD and it is pretty stable at that rate. Current price is around .36 CNY -> ~6 cents. The big jump was from the initial mismatch of supply vs demand.
Anyway, now that we have our first NXT/fiat path and reasonably liquid NXT/BTC, we can see what a more accurate current market value for NXT is.
James
Indeed, there have been many people watching NXT who wouldn't touch it until there was improved liquidity. It's still not great of course. But Bter have set a precedent and it is only a matter of time before other exchanges pick up on this. I have asked Graviton to remove his artificial order restrictions on DGEX: "Error - The order pricing limits are +/-30% per 1 hour".
By the way did you read my explanation of the reserveBTC DAC? nexern is knowledgeable of and interested in DACs and now DNAs (he coined this term for Decentralized NXT Agents) and we are in discussions about implementing DACs which can serve as credit unions and issuers of assets. DACs could be built as apps (purchased from an app store or package manager) which interface with his or other clients. Very powerful stuff.
Credit union is a good model. Non-profit model, fees just to cover costs. I have not analyzed DAC in detail, but if you say it will work, that's good enough for me.
James
Clearly there is a significant pent up demand for NXT.
bter is a nice exchange, but they are a low volume exchange. A small fraction compared to the major Chinese exchanges.
China has the top 6 BTC exchanges and all are usually more active than bitstamp or btc-e. Something like 90% of BTC trading happens in China. Look at http://www.btc123.com/ if you don't believe me.
I doubt everyone who wants to purchase NXT has done so. On the other hand, the last two weeks has probably allowed pretty much everyone that wanted to sell their NXT at yesterday's prices to have done so.
James
bter is a nice exchange, but they are a low volume exchange. A small fraction compared to the major Chinese exchanges.
China has the top 6 BTC exchanges and all are usually more active than bitstamp or btc-e. Something like 90% of BTC trading happens in China. Look at http://www.btc123.com/ if you don't believe me.
I doubt everyone who wants to purchase NXT has done so. On the other hand, the last two weeks has probably allowed pretty much everyone that wanted to sell their NXT at yesterday's prices to have done so.
James
The more the Chinese buy NXT now the more they can trade with NXT assets on the distributed exchange when the restrictions on their exchanges come in at the end of the month.
Looking at the bter trades, it looked like there were a small number of traders that REALLY wanted to buy NXT. The orderbooks at dgex, nxtchg and even ripple were all wiped out (in a good way). This took a bit of time to coordinate and wasn't a spur of the moment impulse buy.
This also means that we can now provide a much easier path to purchasing NXT than before, for ordinary people, especially in China. The big action is in NXT/CNY, current exchange rate is 6.05 CNY/USD and it is pretty stable at that rate. Current price is around .36 CNY -> ~6 cents. The big jump was from the initial mismatch of supply vs demand.
Anyway, now that we have our first NXT/fiat path and reasonably liquid NXT/BTC, we can see what a more accurate current market value for NXT is.
James
Indeed, there have been many people watching NXT who wouldn't touch it until there was improved liquidity. It's still not great of course. But Bter have set a precedent and it is only a matter of time before other exchanges pick up on this. I have asked Graviton to remove his artificial order restrictions on DGEX: "Error - The order pricing limits are +/-30% per 1 hour".
By the way did you read my explanation of the reserveBTC DAC? nexern is knowledgeable of and interested in DACs and now DNAs (he coined this term for Decentralized NXT Agents) and we are in discussions about implementing DACs which can serve as credit unions and issuers of assets. DACs could be built as apps (purchased from an app store or package manager) which interface with his or other clients. Very powerful stuff.
Anyone have any answers why the two local hosts for the client might not be working for me after working fine previously?
restart java, then http
Not sure that many people will keep their NXT in their wallet for mining. Most NXT are on exchange plus the risk on being wallet hacked.
Lots of activity on the blockchain at the moment :-)
Anyone have any answers why the two local hosts for the client might not be working for me after working fine previously?
http://weibo.com/btc38 announced that they will launch a new cryptocurrency tomorrow 15:30 15:00 (UTC+8), but we don't know which one they will launch.
BTW, I do suggest not send Nxt to those exchanges. The exchange is just a free market and anyone can take party in. We the community can provide technique support if asked. I think there is no paid work for some exchange to p&d. I believe Nxt need to get its success by its innovation.
Edit: BTC38 will open deposit at 14:30.
BTW, I do suggest not send Nxt to those exchanges. The exchange is just a free market and anyone can take party in. We the community can provide technique support if asked. I think there is no paid work for some exchange to p&d. I believe Nxt need to get its success by its innovation.
Edit: BTC38 will open deposit at 14:30.
sold 50 as test for 0.00028
My Trade History
Date Type Pair Price Amount Total
2014-01-18 21:59:56 Sell NXT/BTC 0.000280 BTC 49.800000 NXT 0.0139 BTC
2014-01-18 21:59:46 Sell NXT/BTC 0.000280 BTC 0.200000 NXT 0.0001 BTC
Current server time: 2014-01-18 23:12:11 UTC+8
When I come home from work I hope sanity hasn't returned.
sold 437nxt for 0.27btc
Who's the buyer. You should ask him to average it down. He will surely be a winner eventually
sold 50 as test for 0.00028
My Trade History
Date Type Pair Price Amount Total
2014-01-18 21:59:56 Sell NXT/BTC 0.000280 BTC 49.800000 NXT 0.0139 BTC
2014-01-18 21:59:46 Sell NXT/BTC 0.000280 BTC 0.200000 NXT 0.0001 BTC
Current server time: 2014-01-18 23:12:11 UTC+8
sold 437nxt for 0.27btc
If anyone here has any established contact to the people running bter, please ask them to check nxt account 4266291651692679404 for discrepancies (it would be in their best interests).
Whose account is that and what is wrong with it according to you?
I will continue to contact another China exchange platform called BTC38(www.btc38.com) to add Nxt .
May be will have good news recently.
May be will have good news recently.
May be there will have good news again.
If anyone here has any established contact to the people running bter, please ask them to check nxt account 4266291651692679404 for discrepancies (it would be in their best interests).
Whose account is that and what is wrong with it according to you?
Clearly there is a significant pent up demand for NXT.
bter is a nice exchange, but they are a low volume exchange. A small fraction compared to the major Chinese exchanges.
China has the top 6 BTC exchanges and all are usually more active than bitstamp or btc-e. Something like 90% of BTC trading happens in China. Look at http://www.btc123.com/ if you don't believe me.
I doubt everyone who wants to purchase NXT has done so. On the other hand, the last two weeks has probably allowed pretty much everyone that wanted to sell their NXT at yesterday's prices to have done so.
James
bter is a nice exchange, but they are a low volume exchange. A small fraction compared to the major Chinese exchanges.
China has the top 6 BTC exchanges and all are usually more active than bitstamp or btc-e. Something like 90% of BTC trading happens in China. Look at http://www.btc123.com/ if you don't believe me.
I doubt everyone who wants to purchase NXT has done so. On the other hand, the last two weeks has probably allowed pretty much everyone that wanted to sell their NXT at yesterday's prices to have done so.
James
The more the Chinese buy NXT now the more they can trade with NXT assets on the distributed exchange when the restrictions on their exchanges come in at the end of the month.
Looking at the bter trades, it looked like there were a small number of traders that REALLY wanted to buy NXT. The orderbooks at dgex, nxtchg and even ripple were all wiped out (in a good way). This took a bit of time to coordinate and wasn't a spur of the moment impulse buy.
This also means that we can now provide a much easier path to purchasing NXT than before, for ordinary people, especially in China. The big action is in NXT/CNY, current exchange rate is 6.05 CNY/USD and it is pretty stable at that rate. Current price is around .36 CNY -> ~6 cents. The big jump was from the initial mismatch of supply vs demand.
Anyway, now that we have our first NXT/fiat path and reasonably liquid NXT/BTC, we can see what a more accurate current market value for NXT is.
James
anyone got a .bat file for starting nrs? or can paste me the text here to make one. please?
I use: java -jar start.jar :save as in notpad .bat
If you are running a x64 system, make sure you download the x64 version of Java, otherwise if java is in x86 folder you will have to point to it in your .bat file.
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