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Author Topic: Price speculation  (Read 2159683 times)

Fatih87SK

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Re: Price speculation
June 04, 2014, 07:41:57 am

It looks like NXT is the only coin going green today @coinmarketcap

ThomasVeil

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Re: Price speculation
June 04, 2014, 07:48:48 am

... and looks like I'm the only one really worried about the SEC ruling. Not even the price is budging. Surprises me - if they put one of our bigger asset issuers behind bars it would be a major blow for NXT. The AE is the selling point for NXT, no?

It is very very very well known fact for ages that you can't offer some unregistered stuff actively to public in one particular country. NXT didn't fall because: 1. it is known 2. it doesn't really matter

I would like to buy some more too btw  :)

So how do we sail around the issue then? We just ignore it until we hit the rock?
For all I see many shares are offering exactly what falls under the SEC ruling (i.e. profit sharing, big investments), and there is no restrictions to sell to US citizens (again: The onus falls on the issuer - no caveat emptor here).
Hate to bum people out, but I would love to be in the clear with that.

But his numbers are waaaay of...

Tax Justice Network estimates offshore wealth at 21-32 trillion. (Boston Consulting estimates it at 8 trillion). One percent of 32 trillion gives us 320 billion. 320 billion divided by 12 million bitcoins gives us $26666,66 per bitcoin.

But I think you still have to take volume, and coins in circulation into account ... hmm not really sure.

Yeah, you can't just add the numbers like that. People have to go to the exchange (or big holders) and buy - and would drive the price up.
So it would be definitely be much higher than the $26k - but I don't know more about his calculation than you do. Kinda trust he knows his stuff around numbers. Let's just take it with a bag of salt.
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bizz

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Re: Price speculation
June 04, 2014, 08:21:36 am

... and looks like I'm the only one really worried about the SEC ruling. Not even the price is budging. Surprises me - if they put one of our bigger asset issuers behind bars it would be a major blow for NXT. The AE is the selling point for NXT, no?

It is very very very well known fact for ages that you can't offer some unregistered stuff actively to public in one particular country. NXT didn't fall because: 1. it is known 2. it doesn't really matter

I would like to buy some more too btw  :)

So how do we sail around the issue then? We just ignore it until we hit the rock?
For all I see many shares are offering exactly what falls under the SEC ruling (i.e. profit sharing, big investments), and there is no restrictions to sell to US citizens (again: The onus falls on the issuer - no caveat emptor here).
Hate to bum people out, but I would love to be in the clear with that.

There is no sail around. Those who offer should get legal advice if they think they should. When you open any new online business you also should get legal advice if you think you should. Those who vote for those laws should have their brains checked (but I guess they're dead - it's from 1934). AE is not called centralized stock market hyip shit. It's decentralized asset exchange. I guess it is possible that someone will  use it to sell offer something  possibly illegal in some jurisdictions. So I guess my point is: when someone does something illegal on the Internet no one sells IT stocks.

on a side note: that guy was running IPOs that turned into highly successful Internet casino, I mean c'mon it's not like no one saw it coming

DoM P

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Re: Price speculation
June 04, 2014, 08:24:10 am

But his numbers are waaaay of...

Tax Justice Network estimates offshore wealth at 21-32 trillion. (Boston Consulting estimates it at 8 trillion). One percent of 32 trillion gives us 320 billion. 320 billion divided by 12 million bitcoins gives us $26666,66 per bitcoin.

But I think you still have to take volume, and coins in circulation into account ... hmm not really sure.

If we're talking about trillion dollars, we should think about where those are. Surely they are not in the fiat from, stored in safe deposits. They are invested, probably all around the globe, in companies, buildings, mutual funds, art, copyrights, etc.
You just can't translate straight to btc form that.
There is a fiat/btc market, but it should be see from the money supply I think. And the world's money supply (M0) is about 5 trillion dollars, 25 if we look at M1, and 60 for M2.
That's what I'm looking at: 1% of M1 (all cash + bank accounts) is $250 billion. Not very very far from what you just said, but more realistic, I would think...

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rickyjames

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Re: Price speculation
June 04, 2014, 11:26:11 am

Crossposted from my comments on the pub thread, just for the heck of it.  Perspective is a useful commodity:

Here's a nice little coinmarketcap.com screenshot from Dec 20, 2013:



Five months later, BTC is up only 3%, LTC is down 30% and PPC is down 45%.  NXT seems to be doing OK, up 265%.

Today on coinmarketcap:

1  Bitcoin $ 8,111,676,279
 
2  Litecoin $ 319,324,773
 
3  Nxt $ 64,465,544
 
4  Darkcoin $ 55,727,699
 
5  Peercoin $ 38,735,389 
 
6  Ripple $ 32,736,493
 
7  Dogecoin $ 29,112,318
« Last Edit: June 04, 2014, 11:37:32 am by rickyjames »

nzminer

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Re: Price speculation
June 04, 2014, 11:31:49 am

Im just happy to see NXT a solid #3, thats where we need to be and it doesnt bother me how long we stay there. :D
NXT WILL PREVAIL
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TimmyD

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Re: Price speculation
June 04, 2014, 11:51:25 am

We are still rising 10600k sats at time or writing. just looking the marketcaps we are catcging upto ltc at an alarming rate.
edit 11000k sats  ;D
« Last Edit: June 04, 2014, 11:55:59 am by TimmyD »
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Come-from-Beyond

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Re: Price speculation
June 04, 2014, 11:53:11 am

Five months later, BTC is up only 3%, LTC is down 30% and PPC is down 45%.  NXT seems to be doing OK, up 265%.

BTC is down too, the growth of its capitalization is caused by inflation of the supply.

kodtycoon

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Re: Price speculation
June 04, 2014, 12:03:12 pm

We are still rising 10600k sats at time or writing. just looking the marketcaps we are catcging upto ltc at an alarming rate.
edit 11000k sats  ;D

i think nxt might be the one that spikes along with bitcoin the same way litecoin did in november! #moonville
« Last Edit: June 04, 2014, 12:22:19 pm by ForrestGump »

theironman

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Re: Price speculation
June 04, 2014, 12:08:08 pm

We are still rising 10600k sats at time or writing. just looking the marketcaps we are catcging upto ltc at an alarming rate.
edit 11000k sats  ;D

i think nxt might be the one that spikes along with bitcoin the same way litecoin did in november! #moonville

Maybe. I just bought more, still cheap as soap.
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kodtycoon

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Re: Price speculation
June 04, 2014, 12:23:18 pm

We are still rising 10600k sats at time or writing. just looking the marketcaps we are catcging upto ltc at an alarming rate.
edit 11000k sats  ;D

i think nxt might be the one that spikes along with bitcoin the same way litecoin did in november! #moonville

Maybe. I just bought more, still cheap as soap.

if i had more to buy with i would have lol.. im hoping nem shoots up when alpha comes out.. and doesnt fall too much as nxt rises.. doesnt seem to be falling any more..

cc001

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Re: Price speculation
June 04, 2014, 12:24:15 pm

=Current MarketCap=
Litecoin : Nxt = 4.6 : 1

=Future Potential=
Litecoin : Nxt = 1 : 1000
cc001 Personal - NXT-8RXS-2SSK-RNF2-HSNL8
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rudeboi

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Re: Price speculation
June 04, 2014, 12:30:11 pm

I'd expect NEM prices to fall more as Nxt prices are increasing.

And Nxt prices are really shooting up again today, I'm just waiting for a slight dip before exchanging more BTC for Nxt.
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google98

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Re: Price speculation
June 04, 2014, 12:33:14 pm

new all-time-high about to come today :D

TimmyD

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Re: Price speculation
June 04, 2014, 12:38:32 pm

isnt the ath 1nxt - 0.5btc sure i saw someone buy 2 nxt on dgex for 1btc a while back
may have been a glitch lol 16k sats is current ath
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kodtycoon

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Re: Price speculation
June 04, 2014, 12:39:27 pm

isnt the ath 1nxt - 0.5btc sure i saw someone buy 2 nxt on dgex for 1btc a while back

hmmm seems expensive for some reason...

bitcoinpaul

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Re: Price speculation
June 04, 2014, 12:40:46 pm

isnt the ath 1nxt - 0.5btc sure i saw someone buy 2 nxt on dgex for 1btc a while back

back then, it was easy to fake such prices at dgex.com
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davethetrousers

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Re: Price speculation
June 04, 2014, 12:43:49 pm

Cryptsy just peaked well above 13000sat. So, ramshackle exchange technology appears to be the way to go when aiming at high rates ::)

But prices are rising all over, so we might even hit a legit 13000 average before some highroller finally puts a sell wall somewhere. Which wouldn't be the worst idea right now, imho. My account isn't in the millions, so I couldn't, to a significant degree (at least at this point in time ;) ).

More generally, the degree of decoupling of NXT from BTC that has been achieved does amaze me, especially considering only BTC can buy NXT (yet)


Add: BTER is down. Here comes fluctuation
« Last Edit: June 04, 2014, 12:47:57 pm by davethetrousers »
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prometheus

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Re: Price speculation
June 04, 2014, 01:11:46 pm



Add: BTER is down. Here comes fluctuation

BTer hasn't been working for me. Can't put in orders, the numbers don't plug in on the interface. Anyone else havinv this problem?

noashh

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Re: Price speculation
June 04, 2014, 01:23:17 pm



Add: BTER is down. Here comes fluctuation

BTer hasn't been working for me. Can't put in orders, the numbers don't plug in on the interface. Anyone else havinv this problem?

Have you tried to use another browser?
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