Topic: NXT, the ultimate SCAM, will it die because of 100% pre-mine given to 50 people? - page 8. (Read 14995 times)

Quote from: Vega on June 17, 2014, 08:37:11 AM

It depends on what you mean by big holder? The 10k or 100k range. Anyone in the 100k range won't dump, he might sell it off very slowly one day (there aren't many people in it anyways). As far as a dump in the 10k range goes, the last one that happened the price recovered within minutes. I wasn't even around in the first days of NXT, so because of that I didn't get a stake. Nice distribution.

I wasn't around before 2013 so I didn't get cheap Bitcoin. (Actually I first read about it in 2009 and didn't care, real happy about that now.)
What you say about big holders are totally reasonable. But it is the same for Nxt. Why would a big holder dump just to destroy their own wealth? Those who want to sell are selling slowly, this is the reason why price is still (relatively) low.

There is no reason to assume a Nxt whale would dump and crush the price 90%, than that a Bitcoin whale would do it.

Real happy about that now? Why?
You need to look at the fact that there isn't the same level of support for Bitcoin and NXT. Bitcoin usually recovered within minutes of a dump, would NXT recover as well?
If you look at http://coinmarketcap.com/ , do you really think that the market cap of NXT should be $71M?

NxT has less volume than Monero, XC and other coins worth less than $5 million.

Everything NxT is a scam.

ShroomsKit_Disgrace

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Yeah! I hate ShroomsKit!

Quote from: ?? on ??

Come-from-beyond = call-from-above

TaunSew = UtopianFuture = 3000NEM stakeholders.

Lauda

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Terminated.

It depends on what you mean by big holder? The 10k or 100k range. Anyone in the 100k range won't dump, he might sell it off very slowly one day (there aren't many people in it anyways). As far as a dump in the 10k range goes, the last one that happened the price recovered within minutes. I wasn't even around in the first days of NXT, so because of that I didn't get a stake. Nice distribution.

I wasn't around before 2013 so I didn't get cheap Bitcoin. (Actually I first read about it in 2009 and didn't care, real happy about that now.)
What you say about big holders are totally reasonable. But it is the same for Nxt. Why would a big holder dump just to destroy their own wealth? Those who want to sell are selling slowly, this is the reason why price is still (relatively) low.

There is no reason to assume a Nxt whale would dump and crush the price 90%, than that a Bitcoin whale would do it.

Real happy about that now? Why?
You need to look at the fact that there isn't the same level of support for Bitcoin and NXT. Bitcoin usually recovered within minutes of a dump, would NXT recover as well?
If you look at http://coinmarketcap.com/ , do you really think that the market cap of NXT should be $71M?

Vega

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Quote from: Vega on June 17, 2014, 08:11:20 AM

Quote from: From Above on June 17, 2014, 08:22:57 AM

Other coins aren't a full premine like NXT are they. So this can only be partially correct for other coins.

It can't be premined if there is no mining. It was instantly distributed. Everyone could invest, express interest for almost 60 days. Those who did, got coin.
I agree with your second statement. Nxt initial distribution created some big holders, so it's a little more true for Nxt. But actually Bitcoin was a very good example, because it's distribution is actually worst than Nxt. Any big holder is dumping, the price is going to double digits.

It depends on what you mean by big holder? The 10k or 100k range. Anyone in the 100k range won't dump, he might sell it off very slowly one day (there aren't many people in it anyways). As far as a dump in the 10k range goes, the last one that happened the price recovered within minutes. I wasn't even around in the first days of NXT, so because of that I didn't get a stake. Nice distribution.

I wasn't around before 2013 so I didn't get cheap Bitcoin. (Actually I first read about it in 2009 and didn't care, real happy about that now.)
What you say about big holders are totally reasonable. But it is the same for Nxt. Why would a big holder dump just to destroy their own wealth? Those who want to sell are selling slowly, this is the reason why price is still (relatively) low.

There is no reason to assume a Nxt whale would dump and crush the price 90%, than that a Bitcoin whale would do it.

Lauda

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Terminated.

I wasn't even around in the first days of NXT, so because of that I didn't get a stake. Nice distribution.

u are not a newb why say nonsense? i bought nxt in early January months after the ipo for utter peanuts and dumped it hard later
still made 1000% profit.
ppl say lot of crap about this distribution but truth is anyone could make hardcore profit with the Nxt LOL for months and months after release lol i only didnt invest in initial distributio because many thought it was just a hoaxy back then

You are not a 'newb' why aren't you making sense with your English? Obviously buying to have a portion of the pie is not what I was pointing at.

From Above

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Quote from: Vega on June 17, 2014, 08:11:20 AM

I wasn't even around in the first days of NXT, so because of that I didn't get a stake. Nice distribution.

u are not a newb why say nonsense? i bought nxt in early January months after the ipo for utter peanuts and dumped it hard later
still made 1000% profit.
ppl say lot of crap about this distribution but truth is anyone could make hardcore profit with the Nxt LOL for months and months after release lol i only didnt invest in initial distributio because many thought it was just a hoaxy back then

Lauda

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Terminated.

Other coins aren't a full premine like NXT are they. So this can only be partially correct for other coins.

It can't be premined if there is no mining. It was instantly distributed. Everyone could invest, express interest for almost 60 days. Those who did, got coin.
I agree with your second statement. Nxt initial distribution created some big holders, so it's a little more true for Nxt. But actually Bitcoin was a very good example, because it's distribution is actually worst than Nxt. Any big holder is dumping, the price is going to double digits.

It depends on what you mean by big holder? The 10k or 100k range. Anyone in the 100k range won't dump, he might sell it off very slowly one day (there aren't many people in it anyways). As far as a dump in the 10k range goes, the last one that happened the price recovered within minutes. I wasn't even around in the first days of NXT, so because of that I didn't get a stake. Nice distribution.

achimsmile

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NXT is complete joke. If any of big holders gonna sell its price will fall by 90%.

Replace NXT with anything else and it's still true.
"Bitcoin is complete joke. If any of big holders gonna sell its price will fall by 90%."

Other coins aren't a full premine like NXT are they. So this can only be partially correct for other coins.

I don't get why people treat coins differently than anything other.

Facebook, Apple, Google, their stock shares were 100% "premined", and created out of thin air. If any of the big holders sell, the price is going to dump.

I don't see why people get excited over this.

Vega

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NXT is complete joke. If any of big holders gonna sell its price will fall by 90%.

Replace NXT with anything else and it's still true.
"Bitcoin is complete joke. If any of big holders gonna sell its price will fall by 90%."

Other coins aren't a full premine like NXT are they. So this can only be partially correct for other coins.

It can't be premined if there is no mining. It was instantly distributed. Everyone could invest, express interest for almost 60 days. Those who did, got coin.

I agree with your second statement. Nxt initial distribution created some big holders, so it's a little more true for Nxt. But actually Bitcoin was a very good example, because it's distribution is actually worst than Nxt. Any big holder is dumping, the price is going to double digits.

Daedelus

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NXT is complete joke. If any of big holders gonna sell its price will fall by 90%.

Replace NXT with anything else and it's still true.
"Bitcoin is complete joke. If any of big holders gonna sell its price will fall by 90%."

Other coins aren't a full premine like NXT are they. So this can only be partially correct for other coins.

Quote

There is no mining in Nxt. It is Proof of Stake, everyone and anyone had 60 days to express an interest , ask questions and join in an open unmoderated thread hosted on this forum. Only 103 did come forward and only 73 actually claimed their stake.

Lauda

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Terminated.

NXT is complete joke. If any of big holders gonna sell its price will fall by 90%.

Replace NXT with anything else and it's still true.
"Bitcoin is complete joke. If any of big holders gonna sell its price will fall by 90%."

Other coins aren't a full premine like NXT are they. So this can only be partially correct for other coins.

Vega

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Activity: 739

Merit: 500

NXT is complete joke. If any of big holders gonna sell its price will fall by 90%.

Replace NXT with anything else and it's still true.
"Bitcoin is complete joke. If any of big holders gonna sell its price will fall by 90%."

Asset Exchange is filled with Scams and only NEM keeps them somewhat legit. New Multigateway will be even better, people dont want to keep their coins on reputable sites like BitFinex but they will keep them on 3 computers of totally anonymous avatars? lol

There are several promising assets. The point is the technology. Every asset is the same, it is the investors responsibility to do research and decide what they want to put money into. It will be hundreds, or thousands assets in time, most of them worthless, the good ones will not worth less by association. NXT has the technology, it's not a regulator.

Multigateway will not be trustless, but requires way less trust than a centralised exchange. But let's wait for launch before we pass judgement.

First they wanted to be Ripple, but they failed. (Ripple is still 1 million light years ahead).

Really, can you quote on that? Because as I remember, most of the Nxt community weren't willing to go near Ripple, not become it.

Now their main Dev is talking to public how he cannot wait to see how NEM will work so he can copy it lol. And their shills like 2Cool4Skewl which already got banned from BTT constantly attack NEM instead of being happy there is actually one legit asset listed on their so famed asset exchange.

Come-from-Beyond cares about the best technology. His interest are technical, again this is obivious to everyone who read his history.
The NEM community is not the best one to point out when someone from one community is trolling another. Glass houses and stuff.

Its a shame people even look at it.

It's a shame people don't look at it before speak about it.
But I have to give it to you, you looked way more than the avarage "Nxt is scam" mindless post machine.

Daedelus

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