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rlh

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Re: Price speculation
« Reply #27980 on: September 20, 2016, 12:11:46 pm »

Is there ANY reason why Nxt keeps dropping?  I'm just curious.  I know it's not had a good run of support for the past year (I mean, outside of the existing community, this isn't in regards to development) but with Ardor being a viable upgrade, I can't believe people continue to dump instead of holding Nxt for at least another month.

Personally, come early October I would expect people to start dumping because I'm sure that some people have been hoarding Nxt for Ardor distribution.  It would just make sense that some would dump because they are happy with their stake and don't mind waiting until next year to profit from their holdings.  However, Nxt just keeps going down.  This is so confusing.
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durerus

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Re: Price speculation
« Reply #27981 on: September 20, 2016, 02:19:17 pm »

If crypto is meant to be a store of usable value that's an alternative to government decreed currency then we would see the most usable and secure crypto rise to the top in actual times of need.
You mean when TSHTF we'll all be buying our Big Macs with NXT?
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durerus

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Re: Price speculation
« Reply #27982 on: September 20, 2016, 05:25:28 pm »

HODL! But not only NXT. Everybody should have some BTC and ETH, just in case. Because BTC is widely used (for buying and selling altcoins  ;D) and with ETH you never know, they have a shitload of money to survive everything and maybe all of a sudden the corporate world starts building on it.
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ejt009

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Re: Price speculation
« Reply #27983 on: September 20, 2016, 05:26:54 pm »

Is there ANY reason why Nxt keeps dropping?  I'm just curious.  I know it's not had a good run of support for the past year (I mean, outside of the existing community, this isn't in regards to development) but with Ardor being a viable upgrade, I can't believe people continue to dump instead of holding Nxt for at least another month.

Personally, come early October I would expect people to start dumping because I'm sure that some people have been hoarding Nxt for Ardor distribution.  It would just make sense that some would dump because they are happy with their stake and don't mind waiting until next year to profit from their holdings.  However, Nxt just keeps going down.  This is so confusing.

Nxt had a big move up.  Nxt whales have always dumped the hell out of their hoard after every run up.  Our whales have a cash out before it's too late mentality.
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rlh

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Re: Price speculation
« Reply #27984 on: September 20, 2016, 05:52:43 pm »

Nxt had a big move up.  Nxt whales have always dumped the hell out of their hoard after every run up.  Our whales have a cash out before it's too late mentality.


If that's the case, then we'll have the same problems with Ardor, since they are earning Ardor stakes like the rest of us.  If this is true, we can't expat Ardor to do well when it hit's an exchange.  Those same whales will dump down the order book because, you know, free money.  I'm not railing on the community or the distribution mechanism.  However, if whales are happy to suppress the price to their benefit, they will treat Ardor the same way.  In fact, I'd be willing to bet that once the dominate of the two currencies is determined, those same whales will probably dump other more aggressively.
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mikesbmw

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Re: Price speculation
« Reply #27985 on: September 20, 2016, 06:04:44 pm »

Possibly. I thought about selling my crypto during the bear phase but unless you need the money what incentive is there to sell it? Only a cold hearted person would want a financial mess just to see their own profits go up, but if you have some fiat and some crypto why would you sell the crypto?
Well maybe you are one of the few that is in it for altruistic reasons, but most of the people are into crypto to make a buck.
I was and still am, although not in NXT anymore.

Nxt had a big move up.  Nxt whales have always dumped the hell out of their hoard after every run up.  Our whales have a cash out before it's too late mentality.

If that's the case, then we'll have the same problems with Ardor, since they are earning Ardor stakes like the rest of us.  If this is true, we can't expat Ardor to do well when it hit's an exchange.  Those same whales will dump down the order book because, you know, free money.  I'm not railing on the community or the distribution mechanism.  However, if whales are happy to suppress the price to their benefit, they will treat Ardor the same way.  In fact, I'd be willing to bet that once the dominate of the two currencies is determined, those same whales will probably dump other more aggressively.
.
Let tell you how it's gonna go once Ardor hits the exchanges:
First day: huge spike up, followed by a gradual decline.
After a few days/weeks another spike up, followed by another gradual decline.
Maybe months later another spike (or not, depends on development and media attention).

Look up just about every other crypto and you get the picture.

I'm not trying to dishearten you, but that's the cold hard truth.
Sell when you can, buy back later. Ride the waves  ;)
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Dartgts

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Re: Price speculation
« Reply #27986 on: September 20, 2016, 11:01:25 pm »

Possibly. I thought about selling my crypto during the bear phase but unless you need the money what incentive is there to sell it? Only a cold hearted person would want a financial mess just to see their own profits go up, but if you have some fiat and some crypto why would you sell the crypto?
Well maybe you are one of the few that is in it for altruistic reasons, but most of the people are into crypto to make a buck.
I was and still am, although not in NXT anymore.

Nxt had a big move up.  Nxt whales have always dumped the hell out of their hoard after every run up.  Our whales have a cash out before it's too late mentality.

If that's the case, then we'll have the same problems with Ardor, since they are earning Ardor stakes like the rest of us.  If this is true, we can't expat Ardor to do well when it hit's an exchange.  Those same whales will dump down the order book because, you know, free money.  I'm not railing on the community or the distribution mechanism.  However, if whales are happy to suppress the price to their benefit, they will treat Ardor the same way.  In fact, I'd be willing to bet that once the dominate of the two currencies is determined, those same whales will probably dump other more aggressively.
.
Let tell you how it's gonna go once Ardor hits the exchanges:
First day: huge spike up, followed by a gradual decline.
After a few days/weeks another spike up, followed by another gradual decline.
Maybe months later another spike (or not, depends on development and media attention).

Look up just about every other crypto and you get the picture.

I'm not trying to dishearten you, but that's the cold hard truth.
Sell when you can, buy back later. Ride the waves  ;)

I agree. it will be almost a year before ardor ca even be used.
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Brangdon

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Re: Price speculation
« Reply #27987 on: September 21, 2016, 07:29:36 am »

Is there ANY reason why Nxt keeps dropping?  I'm just curious.  I know it's not had a good run of support for the past year (I mean, outside of the existing community, this isn't in regards to development) but with Ardor being a viable upgrade, I can't believe people continue to dump instead of holding Nxt for at least another month.

Personally, come early October I would expect people to start dumping because I'm sure that some people have been hoarding Nxt for Ardor distribution.  It would just make sense that some would dump because they are happy with their stake and don't mind waiting until next year to profit from their holdings.  However, Nxt just keeps going down.  This is so confusing.
If they wait until the last minute to sell, the price will crash then and they'll get caught out. So it makes sense to sell in advance of the expected price drop. Re-invest the profits elsewhere, and then buy NXT again shortly before the IGNIS snapshot.
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HCLivess

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Re: Price speculation
« Reply #27988 on: September 21, 2016, 11:30:02 am »

It's going to 27k
God, I feel like I spent a life with NXT  :D
« Last Edit: September 21, 2016, 11:34:58 am by HCLivess »
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farl4bit

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Re: Price speculation
« Reply #27989 on: September 21, 2016, 12:35:04 pm »

Damelon/Nxt Foundation did it again, creating good exposure for Nxt in the media!
An article on blockchain governance was published in the renowned French "Revue Banque et Strat├ęgie"  :)

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HCLivess

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Re: Price speculation
« Reply #27990 on: September 22, 2016, 07:12:53 am »

Am I wrong to assume there are not many whales left? I mean I'm almost in the top 100.
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Dartgts

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Re: Price speculation
« Reply #27991 on: September 23, 2016, 02:54:53 am »

Buy orders down to 127 btc. How low was it before the ardor announcement?
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Mem-ber

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Re: Price speculation
« Reply #27992 on: September 23, 2016, 06:19:04 am »

~0.000012 btc

Gesendet von meinem C6903 mit Tapatalk

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Damelon

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Re: Price speculation
« Reply #27993 on: September 23, 2016, 07:33:33 am »

There isn't a lot we can do about it.

People who strategically bought Nxt to get ARDR will dump anyway.

People who clamor for "news" to pump the price want something (empty news) that will hurt the long term value.

We have things coming up in the near future (before end of the year), but we cannot and will not publish those before they are well and truly done and finished.
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MrCluster87

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Re: Price speculation
« Reply #27994 on: September 23, 2016, 07:33:48 am »

some news about nxter.org:

https://nxtforum.org/nxter-org/accounting-7309/msg223106/#msg223106

if you would like to advertise your Nxt/Ardor projets, just contact us  ;)

Damelon

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Re: Price speculation
« Reply #27995 on: September 23, 2016, 06:39:06 pm »

Nxt Coinshuffle Infographic!

This is the first infographic made by Savandra.

Use it where you can, please!


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yassin54

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Re: Price speculation
« Reply #27996 on: September 23, 2016, 07:16:09 pm »

Great Work @Savandra!!  8) :-*
Thanks!!  :)

lovely89

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Re: Price speculation
« Reply #27997 on: September 24, 2016, 03:44:43 am »

Is there ANY reason why Nxt keeps dropping?  I'm just curious.  I know it's not had a good run of support for the past year (I mean, outside of the existing community, this isn't in regards to development) but with Ardor being a viable upgrade, I can't believe people continue to dump instead of holding Nxt for at least another month.

Personally, come early October I would expect people to start dumping because I'm sure that some people have been hoarding Nxt for Ardor distribution.  It would just make sense that some would dump because they are happy with their stake and don't mind waiting until next year to profit from their holdings.  However, Nxt just keeps going down.  This is so confusing.

It's quite logical and very predictable.

Nxt price had pretty much flat-lined between 0.00002 and 0.00001 btc/nxt for around 9 months prior to the ardor announcement. Ardor being new at the start of this bullish altcoin trend, lead people to believe ardor would be worth more than the current nxt price. These speculators only want this 'new' coin because that's where the money is. The platform NXT doesn't generate hype like it used to.

If you assume the new speculators give close to 0 value to nxt, you can work out what they think the price of ardor should be. Today, you'll get approximately 0.21 ardor per nxt you hold. This means speculators will sell nxt if the price is higher than 1/5 of the expected ardor price and in turn, should buy if it is less. This is quite evident from the price spike and downward trend.

If you assume a price between 0.00008 - 0.00011 btc/ardor, you can see that this price is reached around August 5th and the price of nxt has adjusted down continually to this day. Once ardor snapshot is over, you'll be able to see a speculators in/speculators out movement over a 3 month period and workout a predicted ardor price. The price will move further and further away from the ardor speculated price as we get closer to the snapshot end period with probably a small crash and rebound.
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farl4bit

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Re: Price speculation
« Reply #27998 on: September 24, 2016, 06:33:33 am »

Great Work @Savandra!!  8) :-*
Thanks!!  :)

+1  :)
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CryptKeeper

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Re: Price speculation
« Reply #27999 on: September 25, 2016, 05:08:15 am »

Lol, I was banned from a slack for posting this! Must be something dangerous...  ;)

https://twitter.com/cryptkeeperbtt/status/778958677021687808
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