Topic: NXT :: descendant of Bitcoin - Updated Information - page 2116. (Read 2761645 times)

The possibilities NXT offers are incredible.
That's what you pay for.
And a higher market cap then litecoin is much likely.

They will sell, so save some ammo for January and later, there'll be good opportunities to buy lower than now. I hope I will be proved wrong. But I just don't see how all this gets going where it's supposed to go without a lot of pain.

Prepare for the worst, hope for the best, as they say.

dgex didn't charge you fee to move your coins from your count to your local wallet ...nice

by the way
how much cost this car today?



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nxt : 2325804792485290058

...and let me do it instead of u

Price is dropping on dgex.

I've been thinking about it... wondering why the major stake holders sell so slowly.

Then I realised, that unlike BTC, major holders of NXT are not inclined to sell much.  Why?  Because the NXT they hold is their "mining/forging hardware".  They will just continue mining and selling what they mine.  Perhaps they will sell a few million or hundred thousand here and there, but they will hold onto most of it.

Call this "Xibei's Principle".

So, major stake holders are not (and will not sell much) because

a) the NXT decentralised exchange is too groundbreaking
b) their NXT is their "mining hardware"

Additionally, unlike BTC, where you must keep buying more and more mining hardware to compete with increasing difficulty and other miners.  With NXT, your holding of NXT always pretty much mines you the same amount, no matter how many more people start mining.  There's no need to reinvest into more "mining hardware".  They would only sell at a very attractive price, and the price they have in mind will have the decentralised exchange in mind, probably like $10 per NXT.

Oh, and unlike BTC and other energy hungry proof-of-work systems where you mining hardware depreciates and must be replaced (as it get's older and slower and burns out), NXT's virtual "mining hardware" (aka your NXT holdings), appreciate in value.

So, that's why major stake holders don't sell fast and the market will not shake and the price will keep climbing.  They will just sell whatever they mine, a bit at a time.

NXT is genius.

People want what they want, clearly no one would buy if they didn't think they had value/potential/whatever to them. Maybe they think that's a bargain. You seem upset that you initially missed out. Post an address and I'll gladly send you some!

1,000,000,000 (1 billion) initial coins
73 initial adopters
so roughly 13.7 Million each (assume equal distribution)
at 21 BTC Total
0.000000021 BTC per coin

current market rate is about 0.00013 (6000x)

To those are who are buying these coins... most of the coins are being hoarded, so you can only buy them on the market for 6000x or 600,000% of what all of the 1 billion coins were paid for at genesis. The early adopters are being greedy, selling them at such a high rate for an unproven technology that hasn't been open sourced. Also, the exchange enforces a minimum order price. They're all already out in circulation, they collectively paid $3000-$4000 for them in September/October. And only a fraction is being sold on the market, at 600,000% premium.

Stop buying these coins so high.

if you are using this kind of logic, the attackers should stop blocking e.g. dgex immediatly, because dgex is an important
distributor, able to clear at least one point you have mentioned above but they don't and therefore preventing broader distribution,
so perhaps you should ask them to get an usefull answer on this.

It also depends on how much Nxt you have and your appetite for risk. If I am holding 20million + Nxt right now, I will probably sell some eventhough I have a very high expectation for Nxt. But since I have much less than that I am going to sit tight at least until 1Nxt = 0.001 Btc.
So as times goes one, we will gradually have a more equal distribution of Nxt.

So you think you are far far more clever than other people, yes?  And came here to teach us?

Maybe, we'll see

Don't worry. Soon we'll get more DDoS attacks, black PR and other similar things. Some of the major stakeholders will lose confidence and sell most of their coins.

Here is the new thread: https://bitcointalksearch.org/topic/nxt-descendant-of-bitcoin-test-net-thread-386304

I don't personally require any donations at this time. I can fund it out of my own expense and previous donations at this time.

Just trying to get these at a more deserving price.

I predict there will be mass sell offs around January 3rd. I'll buy some more then. Also am enjoying the ride a little until then.

Something wrong here

Not if some stakeholders of 50-100million NXT are selling everything in a short time, you know supply and demand

Maybe selling is going on too slow, for my taste the price is rising too fast, but that's how it goes.
I'd like to see some statistics about distribution of NXT. If 90% is in the hands of the (73) first-stakeholders and only the trading of the remaining 10% is generating the price of NXT, that would be bad in my eyes. We need more distribution! That would help a lot, regarding the public view of NXT.

I still suggest u to use mega-percents. It will be hard to count all zeros soon.

You should move to North Korea. Being there you can really take care for other people.

Disagree, in September/October, the early adopters pitched in 0.00000021 BTC for all 1 billion coins. Now they're going for 600,000% what they originally paid for.. And this was in just 1 month. For something that's not open sourced yet, and unproven theory. This is highly overvalued. The early adopters are all probably hoarding the coins and only a few are being sold on the market, thus causing scarcity. And people can't do simple math and don't even realize that's what they're paying for these 1 Billion coins that already all out in circulation.

People are just not aware.