Topic: NXT is dying :-( - page 3. (Read 3161 times)

NXT was never alive. Who actually used it for anything ever?

It's was a science experiment that only nerds thought was cool, that's it.

nah....the unfair distribution means concentration of wealth in the hands of the few....

what a shitty crypto

Wow, if the OP's idea was to expose the massive level of support that NXT has then they certainly succeeded.

NXT is going nowhere but up.

Of all the crypto's out there it actually stands out as being in use for something (and only growing in use).

I agree, it was a fun experiment, I participated in the beginning. But with the general public still not even understanding bitcoin yet, all these "asset" type coins are just too early for the market.

Have you guys read this thread?
https://bitcointalksearch.org/topic/join-the-dots-nxt-name-is-temporary-unfair-distribution-was-intentional-917190

 


I think the use of the past tense is premature, a triumph of hope over reality perhaps 

only a falling price will make them let go of their NXT. 

NXT has been the most interesting experiment of all the cryptos, and arguably has the best tech too of all the cryptos.  That said, it has some problems and just like the rest of the coins on the chart is going down and very likely will just continue to go down unless a radical shift in how its core community goes about doing business and I think that is unlikely.  

I say that because what I think it would take is for the core community members to not act in their own interest, but instead act in the interest of NXT.  On an individual level what each would need to do would be to sacrifice and I just doubt that will happen. 

What kind of sacrifices?  Giving up their anonymity.  Giving up their hoards of NXT. 

NXT It's a fun economic experiment that I'm glad I'll be able to say I was a part of.

https://web.archive.org/web/20140104141936/http://coinmarketcap.com/

https://coinmarketcap.com/

1 year ago today, verses today.  

5 of the top 10 are still alive.

I didn't see a single example of a single coin that is better today than a year ago, including Bitcoin.  And some like Litecoin have even lost like 90%, and some like Mastercoin even much more than that.

That's true. Look at the price of BitCoin. It's sure not what it used to be. I think once the price of bitcoin rises really high, so will many of the other alt coins.

Not all, but a lot.

I don't think NXT is dying. I also don't think it will see the level of success a lot of people in this thread are saying it will.

All crypto coins seem to be going down the sink. Not just one or two coins.

Who says I'm over - Hyped? I still see a strong coin right now. Their still in the top 10, and it seems that other people don't seem to think it's dying.

yes you're new to crypto obviously because you're totally over-hyped.

I'm new to Crypto but I believe this OP to be a load of Bull.

Nxt is now part of the SuperNET, something big in crypto now, and their now launching the MS (Monetary System) which is big news to gain attraction to the coin.

I don't own NXT, have in the past  but I don't see them being out of the top 10.

Why?

1. NXT has no inflation

If you look at last year, Bitcoin with it's 10% inflation struggled to sustain itself in a bear market, beyond the volatility there's a clear general downtrend. LiteCoin which has 30% inflation exhibited the same general trend except it fell 3X faster...

NXT has rises and falls but after a fall can maintain it's BTC price. (Where as LTC needs $2 million a month in new demand to offset new coins mined, NXT needs none.)

2. NXT has a strong stable of User Issues Assets

Few other coins allow User Issued Asssets and of those that do, NXT has probably the best all round selection.

3. POS>POW

Most POW centralises way more and is more expensive.

4. They have a reasonable pace of development

Some other top 10 coins get very limited development, beyond the advantages with which they were originally created.

I personally expect POW to continue to struggle this year. NXT with it's comparative advantages and no inflation should hold up well & potentially make progress.

The real Achilles heel for all alt-coins though is volatility. When you hear that a big new retailer accepts Bitcoin, you should cry yourself to sleep that night. Most retailers can't hold BTC because of volatility so they sell it. So a sale in a crypto becomes a sale of crypto. Imagine if everytime we went to a store the shop had to sell our dollars for Yen on the open market. Making online purchases with BTC becomes throwing BTC off a cliff. The places that were no.1 & 2 for likely adoption, Argentina & Venezuala are a result not of volatile crypto being good but because it's better than their constantly inflationary currency.

I'm happy to debate why but only Market Pegged BitAssets by BitShares like BitUSD solve this problem and they're backed by an average of 300% transparent collateral. This means retailers are more likely to hold them as they gain adoption and it creates a lot of demand for BitShares because of the collateral system. http://www.bitsharesblocks.com/assets/asset?id=USD

http://whatisbitusd.com/

http://m.youtube.com/watch?v=fnunXnLdJdw

Another big advantage is that the BitShares blockchain can hire talent. Most coins end up centralising around two developers. The BitShares blockchain can hire developers. (In fact BitShares currently has circa 8 developers putting a lot of time into it.) If you want a real shot at challenging Bitcoin you need serious marketing, serious development & infrastructure. That's all happening at a pace right now https://bitsharestalk.org/index.php?board=61.0

I think only BitShares will challenge Bitcoin in the next 12-24 months but I think NXT will be do fine and improve as POW options continue to struggle. (Notice how many of the top 500 alt-coins are POW but how few of them are in the top 10... Expect that trend to continue. Progress is a bitch.)

Yeah, and at the lower part of its long-term trading range too. To an ex stock market hound like me, that really says something.

Old Wall Street saying: "Markets climb a wall of worry and slide down a river of hope."

edit:  NXT is starting to breakout btw...  needs more volume tho.

Nxt has been in the top ten of Coinmarketcap continuously for a year. How many other cryptos can boat of that? Not many.

What's interesting about Nxt is that - of all the cryptos on the top ten for that year - it's the most innovative. Yes: I mean it's the most innovative of all of them.

What's really holding Nxt back is an emphasis on technology and ecosystem rather than marketing. It isn't marketed like a penny stock at all. How do I know this? Because I spent several years in the penny-stock arena. I've seen what real penny stock marketing is really like, and yes I can dig up real examples for a real compare-and-contrast session.

Fact is, Nxt is marketed by people who are techies at heart but not marketers - and it shows. Myself, I have absolutely no problem with this approach. It makes Nxt a "sleeper" that's going to come bursting out of the gate once professional marketers take it under their wing. That gives people like me, who missed the initial boat, a fair bit of time to get some while its price is more-or-less stable.

I don't see why so many people make so much noise about the "initial distribution." It's water long under the bridge: what matters is where it's going to go in 2015 and forward. There's a point when the noisemakers come across as mere grudge-holders, like a nonexistent stock-market punter who badmouths Facebook because its IPO was botched 'way back when.

Nxt is a coin that needs patience. You can't claim at all they're not delivering the goods: they provably are, at a surprisingly fast rate.

Do you know what gold penny stock I made the biggest dollar profit in? It's one I first bought in March 2009, and it went nowhere for more than a year. I could have bought more in the spring of 2010 at the exact same price I bought at in March 2009. The company itself was reviving an abandoned mine, and I made my big score when the market finally seen that the mine was going to be a producer. That experience taught me a big lesson: a big score requires patience, a lesson I have to admit I learned the hard way. And I admit further that I had to re-learn the same lesson the hard way here, too. But that's the way it is: as the old saying goes, there ain't no such thing as a free lunch. To get big lasting gains, you have to be the patient person in the midst of faddists.

And it's hard - I know it is! As I indicated, I've had to take more than my share of lumps around here before this lesson sunk in for me.

Here's the best way to look at it, I believe: Nxt's long-term trading range gives you a good opportunity to buy in monthly - in a classic dollar-averaging way - until the core Nxters decide that it's time to ease up on the innovation sprint-race and finally put marketing to the general public on the front burner. Once they shift priorities in this way, then sit on what you got - and beam about being an early adopter. Because - by that time - you will be an early adopeter, comparatively.