Topic: NXT is now 1288x cheaper than BTC (Read 2170 times)

I am going to buy probably a 1/10th btc worth of soon, just seems like it really has potential to me.

I personally think NXT is a good project. Maybe a little too geeky but overall way better than most coins.

But after reading the excellent reply of Rias, I think it's safe now to lock the thread and let it die. Rias said it all and nothing more spot on can be said : that's the pure truth, maybe a sad one for some bagholders. Use that reality check to wake up now, the dream won't happen...

I'm not saying that NXT won't be successful, it could.  But it isn't a sure thing.  Nothing is.

However when new users flood into the ecosystem, the first thing they will most likely fall for is altcoin scams. Since you can't really detach altcoins from bitcoins anymore.
All of this FUD about nxt lately makes me want to buy some more nxt. I may be disillusioned, but I can live with that. At least I have something to believe in.

It's hard to argue that NXT devs do have vision. The upcoming updates with coin shuffling and singleton assets indicate that it's being fulfilled. I'm really interested in singleton assets as they are close to DRM and some smartcontractish dimensions.

However, the real problem is that none of it matters IMO. World doesn't need a new NXT-based monetary system. I'd argue it's an interesting R&D playground, really worth following, but the gap with the real world is enormous.

It's not about NXT though, whole altcoin market fell victim of disillusioned followers. The next big thing is either not coming from crypto, or it won't be that big.

I believe hit #1 to the price was when thesir came around and hacked some crazy large percentage of all coins into his control from some exchange, price never recovered after that as it was a loss in confidence.

Hit #2 just happened with the supernet api compatibility. The nxt devs broke the third party software leading supernet project to x out nxt. This was/is another loss of confidence.

Unknown on wether the price will rebound.

Hit#3 which is underway, which could still be fallout from #2, is the questioning if nxt IS actually trying to be a financial platform ..


If only bcnext was around what would he say? (Maybe something like, NXT was just an experiment to determine societies evolution towards my main project)

All arguable.  Nothing is a sure thing.

Nxt is indeed one of the most undervalued coins regarding the tech, community and devs, besides Qora.

I am sure we will see a value correction of NXT in 2016 when blockchain technology will enter the mainstream. Nxt offers the best blockchain ecosystem of all coin at the moment.

1339x

2 years.

i wonder whats hazard's take on nxt now after his 2014 article? change of heart? curious to hazard's analysis after a year.

There's a little more to it than what you posted. "Nxt is a platform." "Nxt is the Linux of crypto."

"Nxt Is The Linux Of Crypto." That mission statement explains what's holding Nxt back, for now. Until it took over the Internet-server world, Linux was a fringey alternative OS and nothing more. Oh sure, it was and is an great subculture chock-full of helpful folks, but its adoption ratio stayed more-or-less stable at 1%.

That's why James et. al. are on the right track. Linux took the server world by storm for solid business reasons. Until a similar dollars-and-cents use case takes off by making/saving real $$$, Nxt will remain "The Linux of Crypto" - pre-server.

So once again, I counsel patience. The development of the Nxt core is as energetic as usual; leaving aside API-related squabbles, the core devs have set a really good example for the ecosystem developers. There are actually several ecosystem-building projects extant that aren't associated with James and the Supernet cohort. Right now, Nxt-as-Linux is at the "throw something at the wall and hope it sticks" stage. One of these days, a powered-by-Nxt business is going to break through and make some serious money for someone: enough $$$ to wake up other moneyed folk and provide a real-world example of how using Nxt pays. I believe it's only a matter of time before that real-world use case clicks.

That said, Horizon - the crypto I'm associated with - is an intriguing outside-chance. It's actually a plain clone, running on volunteer effort, whose reason for being is its distribution model (now coming to an end.) Thanks to it getting a nice bump recently, the value of one HZ is more than 4% of the value of one NXT. For a plain clone, that's almost unheard of. Essentially, a bet on HZ is a bet on HZers like me growing the ecosystem by our own efforts or the efforts of the Blocknet.

Nxt is a project not like those others shitty coins

Oh, boy, you fell lower than I thought. I expected you had more integrity (http://cryptolife.net/in-depth-analysis-nxt/).

Assumng that all goes well, then sure.  But what if it doesn't?

Newbies be careful, it's all I'm saying.  We don't need more people getting disillusioned, losing money, bagholding then crying FUD, whining these boards all the time.

Buy low sell high?

I think anyone can profit from buying and holding pretty much any of the major alt cryptocurrencies for a few years. Some will obviously gain more than others, but overall I believe all of the major players will see their value increase. It may take the industry a year or two to get its legs back under it but it will happen. It would suck to miss the ride, so I am buying all coins I think will be more valuable in the future with 15% of every pay check. Nxt is one of those coins I think will be around for a long time, as they stay on the bleeding edge of cryptocurrency development.

I am currently in Bitshares and Bitcoin/Gold/Silver derivatives on the Bitshares chain. I want to expand into Storj/Maidsafe/Siacoin/Monero/Nxt/Ethereum in the coming months. Too bad I can't buy Bitshares derivatives for these coins... I love the simplicity of storing all cryptos in the Bitshares client with no counter-party risk.

Living in the past, are we? NXT has developed an impressive amount since then (more than I would have expected) but you're deluding yourself if you think it has a chance of reaching anywhere close to parity with bitcoin, as this thead topic would suggest. There's a reason the price is where it's at.

For what it's worth, I own some NXT and think it's a crying shame that it's worth less than trash like Dash and Doge. Those in charge of NXT aren't trying hard enough. In crypto, bullshit and buzzwords drive price, not fundamentals. Gotta step your game up if you want the price to rise! Take some lessons from eduffield and company.

And the 2014 train was surprisingly stable in satoshi terms. Long-term range: lows near 5000, highs near 10'000.

But of course, 2014 had to give way to 2015 (sigh).

Does nobody use jNxt anymore? Or mynxt.info?

Suggestions on how to make these more simpler would be welcome.

If you compare the features of NXT to most of the alts, it's definitely far more advanced. Of course better technology doesn't mean more demand. I think the NXT community would need some far more advanced marketing too .