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Price speculation
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Author Topic: Price speculation  (Read 4272923 times)

Hachoir

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Re: Price speculation
« Reply #20940 on: March 16, 2015, 09:22:47 am »

Depending. Even investing in NXT is risky and some assets can reward high return of investments so it's the same.
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Windjc

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Re: Price speculation
« Reply #20941 on: March 16, 2015, 09:40:41 am »

Another asset drama is coming:

https://nxtforum.org/index.php?topic=6958.msg168723#msg168723

This time it's CryptoCoin!  :o

People throw their NXT away at "assets" too easily imo.  Has NXT ever failed to deliver?  Asset issuers get peoples' NXT and then sell it for BTC thus driving down the price of NXT and the majority of the time they disappoint their investors.  A LOSE-LOSE situation a majority of the time.  Of course, not all asset issuers do this, but even those with good intentions in the beginning can fail.  Assets are a dime a dozen, but there is only one NXT.

SuperNet has worked out pretty good for me. A lot better than Nxt.
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CryptKeeper

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Re: Price speculation
« Reply #20942 on: March 16, 2015, 10:39:14 am »

Another asset drama is coming:

https://nxtforum.org/index.php?topic=6958.msg168723#msg168723

This time it's CryptoCoin!  :o

People throw their NXT away at "assets" too easily imo.  Has NXT ever failed to deliver?  Asset issuers get peoples' NXT and then sell it for BTC thus driving down the price of NXT and the majority of the time they disappoint their investors.  A LOSE-LOSE situation a majority of the time.  Of course, not all asset issuers do this, but even those with good intentions in the beginning can fail.  Assets are a dime a dozen, but there is only one NXT.

Normally I would agree with you 100 percent. But with CryptoCoins it's a different story.

Funny thing is, I bought most of the asset with fiat and BTC through CCEDK.com! But of course I can't speak for the other investors...
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Daedelus

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Re: Price speculation
« Reply #20943 on: March 16, 2015, 11:01:52 am »

On a random note...

In roughly 30 hours, nxtforum will have it's 4000th member. Anyone planned a party or anything? Trumpet fanfare?
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martismartis

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Re: Price speculation
« Reply #20944 on: March 16, 2015, 12:15:04 pm »

Nice tutorial section at HZ: https://horizonplatform.io/category/tutorials/

Do we have something with NXT?
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xivba

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Re: Price speculation
« Reply #20945 on: March 16, 2015, 12:18:23 pm »

Another asset drama is coming:

https://nxtforum.org/index.php?topic=6958.msg168723#msg168723

This time it's CryptoCoin!  :o

People throw their NXT away at "assets" too easily imo.  Has NXT ever failed to deliver?  Asset issuers get peoples' NXT and then sell it for BTC thus driving down the price of NXT and the majority of the time they disappoint their investors.  A LOSE-LOSE situation a majority of the time.  Of course, not all asset issuers do this, but even those with good intentions in the beginning can fail.  Assets are a dime a dozen, but there is only one NXT.

You nailed it! So many failed assets, it hurts.
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DesertWind

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Re: Price speculation
« Reply #20946 on: March 16, 2015, 01:55:47 pm »

Another asset drama is coming:

https://nxtforum.org/index.php?topic=6958.msg168723#msg168723

This time it's CryptoCoin!  :o

I wish more people understood stats 101.

That Business Plan and chart and "the CryptoCoins hedge fund was backtested between October 2013 and October 2014"...
Would get an 18 yo a failing grade in an introductory stats course at a decent university...
Yet all kinds of people are throwing money at that embarrassing, failed Stats 101 mid-term.

Wall Street is built on exactly the same kind of con... fake some primitive stats and take their money.

To give a real life example of how hard it is to beat Zero Sum games...
Phil Ivey is considered the world's best poker player...
And in an interview Phil said it took 2 years or 5,000 hours to start making money at poker...
Not to be "great"... but to consistently beat some sleazy degens at low end tables in Atlantic City.

Why did it take a world class talent like Phil Ivey 2 years to learn several required advanced concepts?

Because most concepts that allow you to beat Zero Sum games are counterintuitive...
The opposite of what a random person would do... and in no way does it look like high school math.
« Last Edit: March 16, 2015, 02:06:59 pm by DesertWind »
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JanSako

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Re: Price speculation
« Reply #20947 on: March 16, 2015, 01:56:48 pm »

It is to be expected to have many failed assets, any entrepreneur will tell you that there is X number of failed attempts before one succeeds.
NXT is a great vessel for funding ANY idea, and I believe it is meant to be used as such. In short, NXT needs to be used for doing stuff!

Just buy and hodl NXT does not mass adoption create!  8)

Scam assets are a whole different issue, and we need a novel solution for it, as the 'real world' ones (catch & prosecute) don't work here.

Personal responsibility?
Very novel, I know, but then you run into all those 1st, 2nd and 5th time 'investors' that leave crypto (or NXT) because they can't take it that there is no one to protect them from themselves.

Driving away people trying crypto does not mass adoption create either.  ???
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xivba

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Re: Price speculation
« Reply #20948 on: March 16, 2015, 02:56:25 pm »

A reputation system similar to NXTinspect built into client would be nice.
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TwinWinNerD

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Re: Price speculation
« Reply #20949 on: March 16, 2015, 03:12:24 pm »

Another asset drama is coming:

https://nxtforum.org/index.php?topic=6958.msg168723#msg168723

This time it's CryptoCoin!  :o

I wish more people understood stats 101.

That Business Plan and chart and "the CryptoCoins hedge fund was backtested between October 2013 and October 2014"...
Would get an 18 yo a failing grade in an introductory stats course at a decent university...
Yet all kinds of people are throwing money at that embarrassing, failed Stats 101 mid-term.

Wall Street is built on exactly the same kind of con... fake some primitive stats and take their money.

To give a real life example of how hard it is to beat Zero Sum games...
Phil Ivey is considered the world's best poker player...
And in an interview Phil said it took 2 years or 5,000 hours to start making money at poker...
Not to be "great"... but to consistently beat some sleazy degens at low end tables in Atlantic City.

Why did it take a world class talent like Phil Ivey 2 years to learn several required advanced concepts?

Because most concepts that allow you to beat Zero Sum games are counterintuitive...
The opposite of what a random person would do... and in no way does it look like high school math.


People like to use backtesting because you can just play around with certain parameters and get extremely good results. But it was not like people didn't ask about this on the first page of the announcement:

What are those numbers "BTC -600%"?

Also this chart is highly missleading, how do we know that you didn't optimize your strategy for high past returns. Backtesting as a predicting method is highly frowned upon.

Still. interested ;)

Daedelus

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Re: Price speculation
« Reply #20950 on: March 16, 2015, 03:51:50 pm »

maxhgv's Nxt Android app update:

Today i released the first version to the store. Its still in the process off reviewing by android.

I'm looking for testers. Who wants to test the latest versions?
Send me an pm with your email address, so i can invite you to the test community on G+.
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msin

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Re: Price speculation
« Reply #20951 on: March 16, 2015, 04:22:11 pm »

Another asset drama is coming:

https://nxtforum.org/index.php?topic=6958.msg168723#msg168723

This time it's CryptoCoin!  :o

People throw their NXT away at "assets" too easily imo.  Has NXT ever failed to deliver?  Asset issuers get peoples' NXT and then sell it for BTC thus driving down the price of NXT and the majority of the time they disappoint their investors.  A LOSE-LOSE situation a majority of the time.  Of course, not all asset issuers do this, but even those with good intentions in the beginning can fail.  Assets are a dime a dozen, but there is only one NXT.

I agree, there are some well known members here who make a living creating Assets.  :)
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Tosch110

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Re: Price speculation
« Reply #20952 on: March 16, 2015, 05:19:55 pm »

Another asset drama is coming:

https://nxtforum.org/index.php?topic=6958.msg168723#msg168723

This time it's CryptoCoin!  :o

People throw their NXT away at "assets" too easily imo.  Has NXT ever failed to deliver?  Asset issuers get peoples' NXT and then sell it for BTC thus driving down the price of NXT and the majority of the time they disappoint their investors.  A LOSE-LOSE situation a majority of the time.  Of course, not all asset issuers do this, but even those with good intentions in the beginning can fail.  Assets are a dime a dozen, but there is only one NXT.

I agree, there are some well known members here who make a living creating Assets.  :)

And I hope it will stay this way. One day Assets will be worth just with Quality behind it ;)

Bernard Lerring

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Re: Price speculation
« Reply #20953 on: March 16, 2015, 07:46:20 pm »

Some assets are actually helping the value of Nxt too, by creating and maintaining volumes on exchanges, so I think it's cruel to dismiss them as too risky to invest in.
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msin

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Re: Price speculation
« Reply #20954 on: March 16, 2015, 07:57:36 pm »

Another asset drama is coming:

https://nxtforum.org/index.php?topic=6958.msg168723#msg168723

This time it's CryptoCoin!  :o

People throw their NXT away at "assets" too easily imo.  Has NXT ever failed to deliver?  Asset issuers get peoples' NXT and then sell it for BTC thus driving down the price of NXT and the majority of the time they disappoint their investors.  A LOSE-LOSE situation a majority of the time.  Of course, not all asset issuers do this, but even those with good intentions in the beginning can fail.  Assets are a dime a dozen, but there is only one NXT.

I agree, there are some well known members here who make a living creating Assets.  :)

And I hope it will stay this way. One day Assets will be worth just with Quality behind it ;)

Yeah, I don't mean it in a negative way, many of those Assets have done quite well since launch.
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EvilDave

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Re: Price speculation
« Reply #20955 on: March 16, 2015, 10:26:09 pm »

Guys and gals, here's my big news item for the day:

the NXT foundation is now officially registered as a non-profit organisation (stichting) in the Netherlands:



As well as myself and Damelon, we have l8orre, chanc3r and Tai Zen on the steering committee.

The purpose of the Foundation, as stated in the set-up document above is:
'to assist with the development, marketing and promotion of products and technologies that use the NXT crypto-currency platform or one of it's implementations'

What this means for NXT (and the Nxt community) is that the Foundation can now be used as a contact point for the many businesses (and investors) who are interested in using the Nxt platform but who have issues dealing with a de-centralised semi-anonymous organisation like Nxt.
The Foundation will also allow the Nxt community to enter legally binding agreements, for example to sign off on the contracts for PayExpo.

I'm sure Damelon will have a few points to add........i just want to stress that setting up the Foundation is all about giving NXT a publicly available 'face' to work with, we promise not to turn into the Bitcoin Foundation. Probably.... 8)
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Damelon

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Re: Price speculation
« Reply #20956 on: March 16, 2015, 10:36:04 pm »

I am véry happy we finally got this sorted. It's been a long way :)

As Dave stated: it's all about being a point of contact and being a point of reference where needed, as well as being able to sign off on things where that's impossible to do as an individual.

We do nót represent the community. We can't.

We dó want to facilitate in any way possible education and implementation of Nxt. :)

When we are in a position to do so, we can refer potential partners and/or customers to our businesses. We can provide a point of contact for people who want information.
It's mainly what we have been doing the last months anyway, just with an added piece of paper and all that goes with it.

I couldn't resist explaining to the notary, when he asked what Nxt does, that we are going to make people like him obsolete. ;)

Anyway, we took some nice pics of our bespectacled faces to prove we put pen to paper:

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ChuckOne

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Re: Price speculation
« Reply #20957 on: March 16, 2015, 10:53:21 pm »

+1440
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Ludom

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Re: Price speculation
« Reply #20958 on: March 16, 2015, 10:57:13 pm »

Good job!
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Tosch110

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Re: Price speculation
« Reply #20959 on: March 16, 2015, 10:59:01 pm »

Very good job there guys!
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