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Author Topic: Price speculation  (Read 4206561 times)

Peter2516

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Re: Price speculation
« Reply #28160 on: October 17, 2016, 09:54:53 pm »


An Asset on the nxt AE will be worthless if nxt the currency is useless?!

No. A hamburger is still worth a hamburger even if you had to pay for it in worthless Zimbabwean dollars.
A good asset would keep it's value, it would just be worth more NXT.

i am not sure. The hamburger is the same. But the roof is gone and it is raining inside the building. Who wants to buy a hamburger in such a place?

That's why if the roof starts leaking, the hamburger seller is free to set up shop in another place and sell the same kind of hamburgers elsewhere ;)
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Damelon

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Re: Price speculation
« Reply #28161 on: October 17, 2016, 09:56:47 pm »

Huh? Does IGNIS have it's own token?
Sure.

Lets say i have supernet Assets and want to sell them after Ardor is launched.
Is the sell only possible through the IGNIS cildchain?
Yes.

if so, what is the token i will receive?
You will receive Ignis.

Let's say i want to convert this IGNIS token to btc. Do i first have to change it to Ardor and then to BTC or is there a direct conversion possible?
If you are using asset exchange you are selling Ignis tokens to SuperBTC. If you are using external exchanges you send Ignis tokens there and sell for BTC. Ignis works exactly the same way as NXT.

Sorry, stepping in to clear the Asset part up:

Assets are NOT automatically migrated to IGNIS.

So for your SN Assets, you will stay on the Nxt chain unless Supernet moves to Ardor.
Trade will be done as usual with Nxt and you will be able to sell them via Nxt.

You will NOT have to go through IGNIS.

So if it does not move automatically then i am exposed to a huge risk/loss.

An Asset on the nxt AE will be worthless if nxt the currency is useless?!

Your argument only is true IF Nxt is useless and worthless.

We have said for months now that Nxt is NOT being abandoned.
We have been active for years now working on it and the Nxt Foundation is working very hard on getting business onto the platform.

There is no movement to have Nxt replaced by Ardor. Both will exist side by side.
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titan20

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Re: Price speculation
« Reply #28162 on: October 18, 2016, 07:12:50 pm »

Huh? Does IGNIS have it's own token?
Sure.

Lets say i have supernet Assets and want to sell them after Ardor is launched.
Is the sell only possible through the IGNIS cildchain?
Yes.

if so, what is the token i will receive?
You will receive Ignis.

Let's say i want to convert this IGNIS token to btc. Do i first have to change it to Ardor and then to BTC or is there a direct conversion possible?
If you are using asset exchange you are selling Ignis tokens to SuperBTC. If you are using external exchanges you send Ignis tokens there and sell for BTC. Ignis works exactly the same way as NXT.

Sorry, stepping in to clear the Asset part up:

Assets are NOT automatically migrated to IGNIS.

So for your SN Assets, you will stay on the Nxt chain unless Supernet moves to Ardor.
Trade will be done as usual with Nxt and you will be able to sell them via Nxt.

You will NOT have to go through IGNIS.

So if it does not move automatically then i am exposed to a huge risk/loss.

An Asset on the nxt AE will be worthless if nxt the currency is useless?!

Your argument only is true IF Nxt is useless and worthless.

We have said for months now that Nxt is NOT being abandoned.
We have been active for years now working on it and the Nxt Foundation is working very hard on getting business onto the platform.

There is no movement to have Nxt replaced by Ardor. Both will exist side by side.
WoW i am totaly lost!
I thought ardor would be the successor of nxt. What is the relationship between ardor and nxt? I understand from your answer that ardor can excist without nxt and vice versa, correct? So they don't share the same decentrelised network.
Then ardor is just a new coin that uses the nxt balances as a distribution method for the new coins.
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mikesbmw

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Re: Price speculation
« Reply #28163 on: October 18, 2016, 07:42:02 pm »

Your argument only is true IF Nxt is useless and worthless.

We have said for months now that Nxt is NOT being abandoned.
We have been active for years now working on it and the Nxt Foundation is working very hard on getting business onto the platform.

There is no movement to have Nxt replaced by Ardor. Both will exist side by side.
Oh, is that so?
I guess I haven't kept up my reading. I also thought that Ardor would replace NXT and therefor NXT is losing value in a big way.
What is causing this massive drop?

Could it be that people think NXT is going to be decommissioned?
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farl4bit

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Re: Price speculation
« Reply #28164 on: October 18, 2016, 08:50:29 pm »

The thing with cryptocurrency is that you never know what will happen. Nxt price is dropping as expected by some of us, maybe going very low. But someone is always buying from a seller. This can be an opportunity for traders. Before the snapshot of IGNIS the price of NXT will almost certainly rise, because people will get 50% extra for free. Buying NXT now can be a very smart move.

And after the launch of IGNIS, who knows what will happen. For example, I had 50.000 Guldencoin a year ago and that was worth €30, now it is 4700% worth more for no obvious reason and no cause. Wft..?!  :o
Just an example of not knowing what the future will bring in crypto.

Tldr; I learned one thing in crypto: hodling is almost always profitable. But that's just my penny.  :)
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Peter2516

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Re: Price speculation
« Reply #28165 on: October 18, 2016, 09:57:49 pm »

Please read https://nxt.org/nxt-2-0-overview/ and have a look at https://www.youtube.com/watch?v=soHe4UMyCCk if you've got the time, to understand a bit more about how Nxt relates to Ardor.
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lurker10

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Re: Price speculation
« Reply #28166 on: October 19, 2016, 08:23:02 am »

Funny how some users are fascinated by the Nxt core wallet, those that take time to install it.
https://bitcointalk.org/index.php?topic=303898.msg16612597#msg16612597
This speaks volumes to me about the cutting edge of Nxt technology and how this cryptoland is mostly lazy and prejudiced and infested with day-traders who don't look further than an exchange's website. I know I'm preaching to the choir here so I shut up my ranting :)
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blackyblack1

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Re: Price speculation
« Reply #28167 on: October 19, 2016, 09:10:34 am »

WoW i am totaly lost!
I thought ardor would be the successor of nxt.
Correct.

What is the relationship between ardor and nxt?
Ardor is the successor of NXT.

I understand from your answer that ardor can excist without nxt and vice versa, correct? So they don't share the same decentrelised network.
Correct.

Then ardor is just a new coin that uses the nxt balances as a distribution method for the new coins.
Sounds correct. As far as I understood Ardor will be mostly focused on public chain and NXT will shift focus to private chains. I don't know which one the core devs will love more.
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Logan

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Re: Price speculation
« Reply #28168 on: October 19, 2016, 09:33:00 am »

Funny how some users are fascinated by the Nxt core wallet, those that take time to install it.
https://bitcointalk.org/index.php?topic=303898.msg16612597#msg16612597
This speaks volumes to me about the cutting edge of Nxt technology and how this cryptoland is mostly lazy and prejudiced and infested with day-traders who don't look further than an exchange's website. I know I'm preaching to the choir here so I shut up my ranting :)
Yeah this can also be seen quite well in Slack and Trollboxes too. A lot uf People ask basic questions about ardor and nxt after the distribution is over. Thats IMO not the right order to do that.  ::) But i will not condemn these people. Its only surprising how many they are..
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EvilDave

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Re: Price speculation
« Reply #28169 on: October 19, 2016, 09:35:33 am »

Your argument only is true IF Nxt is useless and worthless.

We have said for months now that Nxt is NOT being abandoned.
We have been active for years now working on it and the Nxt Foundation is working very hard on getting business onto the platform.

There is no movement to have Nxt replaced by Ardor. Both will exist side by side.
Oh, is that so?
I guess I haven't kept up my reading. I also thought that Ardor would replace NXT and therefor NXT is losing value in a big way.
What is causing this massive drop?

Could it be that people think NXT is going to be decommissioned?

Yeah, people do think that, and some people even think that this is happening right now.

They shouldn't though, because 'decommissioning' Nxt doesn't make any sense at all, and has never been part of the overall Nxt/Ardor plan.
Firstly: how the bloody hell are we going are we going to trade Ardor ?
Ardor needs the Nxt network to exist in its current form, so no Nxt, no Ardor.

Secondly: there are other, external, projects running on the current Nxt blockchain. Nautilus, Supernet, LIQUID, InstantDex, DtTokens, MMNXT, NxttyCoin, DeBuNe (and a few others  ;D ) all rely on Nxt, and have real market value. The Nxt blockchain will continue to support our existing projects. Simple.

Thirdly, Lurker10 puts it well:
Funny how some users are fascinated by the Nxt core wallet, those that take time to install it.
https://bitcointalk.org/index.php?topic=303898.msg16612597#msg16612597
This speaks volumes to me about the cutting edge of Nxt technology and how this cryptoland is mostly lazy and prejudiced and infested with day-traders who don't look further than an exchange's website. I know I'm preaching to the choir here so I shut up my ranting :)

Nxt is a technically brilliant system, compared to the hype, bugs and vapourware of many other crypto projects. Just look at what Nxt achieved with the Ardor distribution, as an example.
There were some issues with the Ardor launch, but the core Nxt blockchain worked perfectly.
If we lived in a world where crypto-currency/blockchain systems were ranked on functionality and security, Nxt would be in the top 5.

TL:DR Nxt is going to be here for a long time yet, Ardor will turn up in mid-2017 and be 'Nxt on steroids' , both systems will then run side-by-side.
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Cassius

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Re: Price speculation
« Reply #28170 on: October 20, 2016, 09:08:16 am »

Can someone check to see if MyNxt is on a fork? There seem to be some problems somewhere.

Next recently paid divs and people are reporting not seeing them. Another asset had the same issue. We're not sure what's going on yet.

Quote
lopalcar (HdgFund) also claims he send dividents
https://nxtforum.org/assets-board/(ann)-hedge-fund-nxt-(weekly-dividends)/msg225729/#msg225729
Seems we have serious problem to solve
Divident paying module may have issues
Probably cassius and lopalcar use the same soft to pay divs
Daniel from ClubNxt is using another as his dividend history is available.

« Last Edit: October 20, 2016, 09:15:06 am by Cassius »
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danisapfirov

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Re: Price speculation
« Reply #28171 on: October 20, 2016, 09:56:25 am »

This may give an idea
https://nxtforum.org/assets-board/(ann)-hedge-fund-nxt-(weekly-dividends)/msg225740/#msg225740

Don't know but maybe there is a chance you and lopalcar are in a fork.

yassin54

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Re: Price speculation
« Reply #28172 on: October 20, 2016, 01:01:22 pm »

This may give an idea
https://nxtforum.org/assets-board/(ann)-hedge-fund-nxt-(weekly-dividends)/msg225740/#msg225740

Don't know but maybe there is a chance you and lopalcar are in a fork.
Maybe, me too i have not receveid div, dont worry, i think he will go resolved this ;)

« Last Edit: October 20, 2016, 01:07:42 pm by yassin54 »
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danisapfirov

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Re: Price speculation
« Reply #28173 on: October 20, 2016, 01:33:22 pm »

@yassin54 you're probably on the right track. Perhaps Sasha and lopicar are on a forked track. :)
« Last Edit: October 20, 2016, 01:36:37 pm by danisapfirov »
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yassin54

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Re: Price speculation
« Reply #28174 on: October 20, 2016, 01:37:43 pm »

You're probably on the right track. Rather Sasha and lopicar are on a forked track. :)
Yes, Coinomat wallet are also on a Fork, i have check with my wallet SuperNET and they are not div Tx.  :P

But it is cool now, Lopalcar will go resolved this!!  --> https://nxtforum.org/assets-board/(ann)-hedge-fund-nxt-(weekly-dividends)/msg225750/#msg225750  ;)

Cassius

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Re: Price speculation
« Reply #28175 on: October 20, 2016, 02:42:09 pm »

You're probably on the right track. Rather Sasha and lopicar are on a forked track. :)
Yes, Coinomat wallet are also on a Fork, i have check with my wallet SuperNET and they are not div Tx.  :P

But it is cool now, Lopalcar will go resolved this!!  --> https://nxtforum.org/assets-board/(ann)-hedge-fund-nxt-(weekly-dividends)/msg225750/#msg225750  ;)

Looks like it. Mystery solved!
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HCLivess

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Re: Price speculation
« Reply #28176 on: October 20, 2016, 02:42:32 pm »

Do I see an NXT downward trend reversal?
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lurker10

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Re: Price speculation
« Reply #28177 on: October 21, 2016, 05:37:00 pm »

Apparently a massive DNS attack is happening today, major sites are/were down for many users.
https://tech.slashdot.org/story/16/10/21/135241/several-sites-including-twitter-spotify-paypal-soundcloud-suffering-outage----dyn-dns-under-ddos-attack-update
Time for decentralized DNS. Of course NXT already has the answer - its Alias feature :)
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Jose

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Re: Price speculation
« Reply #28178 on: October 21, 2016, 06:18:11 pm »

Apparently a massive DNS attack is happening today, major sites are/were down for many users.
https://tech.slashdot.org/story/16/10/21/135241/several-sites-including-twitter-spotify-paypal-soundcloud-suffering-outage----dyn-dns-under-ddos-attack-update
Time for decentralized DNS. Of course NXT already has the answer - its Alias feature :)

Twitter, spotify, Paypal, Pinterest, Reddit... What would had happened if that major DNoS attack would have been directed towards our 300-node network? :o
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lurker10

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Re: Price speculation
« Reply #28179 on: October 21, 2016, 06:27:58 pm »

Apparently a massive DNS attack is happening today, major sites are/were down for many users.
https://tech.slashdot.org/story/16/10/21/135241/several-sites-including-twitter-spotify-paypal-soundcloud-suffering-outage----dyn-dns-under-ddos-attack-update
Time for decentralized DNS. Of course NXT already has the answer - its Alias feature :)

Twitter, spotify, Paypal, Pinterest, Reddit... What would had happened if that major DNoS attack would have been directed towards our 300-node network? :o

Presumably it will be a much bigger network before it's worth attacking :)
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