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Author Topic: Why does NXT trade like sh*t?  (Read 16856 times)

jones

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Re: Why does NXT trade like sh*t?
« Reply #120 on: October 16, 2014, 04:00:11 am »

I think the big issue here is that were thinking of nxt as a company.

nxt is a platform, not a company.

my thought is that nxt just makes the technology accessable. Other programs build it up from there.

this is easily lost because nxt has a market cap, people think of it as a stock and something that needs to go up to succeed, others in this thread are right with the fact that most other cyptos only exist for a quick buck.

the internet and money have never fit well with each other. Nxt has the power and technology to change that. A lot of people compare crypto to the internet in its infancy, if that's true, then crypto itself is just the starting point. People dont just 'do' the internet, they build on top of the internet.

so lets build :D
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coinomat

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Re: Why does NXT trade like sh*t?
« Reply #121 on: October 16, 2014, 07:35:44 am »

Sure NXT is a platform, not a transactional crypto, but it still has intrinsic market value, whose wild fluctuation undermine NXT as a platform.
I think the big issue here is that were thinking of nxt as a company.

nxt is a platform, not a company.

my thought is that nxt just makes the technology accessable. Other programs build it up from there.

this is easily lost because nxt has a market cap, people think of it as a stock and something that needs to go up to succeed, others in this thread are right with the fact that most other cyptos only exist for a quick buck.

the internet and money have never fit well with each other. Nxt has the power and technology to change that. A lot of people compare crypto to the internet in its infancy, if that's true, then crypto itself is just the starting point. People dont just 'do' the internet, they build on top of the internet.

so lets build :D
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nxtperceval

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Re: Why does NXT trade like sh*t?
« Reply #122 on: October 16, 2014, 11:30:48 am »

I will say it again and again and again..NXT need a small company from real world (not cryptoland) that uses it.(AE,market,etc). This will be the breaking point, and marks the difference with the others cryptos.

Stop with the pretty videos,redddits and other shit,doesnt go to anywhere.
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Fatih87SK

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Re: Why does NXT trade like sh*t?
« Reply #123 on: October 16, 2014, 11:53:57 am »

I will say it again and again and again..NXT need a small company from real world (not cryptoland) that uses it.(AE,market,etc). This will be the breaking point, and marks the difference with the others cryptos.

Stop with the pretty videos,redddits and other shit,doesnt go to anywhere.

First we need someone to introduce NXT to those businesses.

They won't hear from us by themselves.
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ThomasVeil

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Re: Why does NXT trade like sh*t?
« Reply #124 on: October 16, 2014, 04:35:22 pm »

And I just posted an application to MC.
https://nxtforum.org/marketing-committee/(mc)-nxter-org/

... here's the idea:

Everybody here has at least one field of interest, which is his reason to own NXT. - Share it. Write it down. ...
All contributions to nxter.org will be rewarded with Nxterpoints (NXTP).

That's a great initiative. Love the NXT and Supernet updates so far.
I think I could write ideas down for this.... And steal your Nxterpoints :)
I'll collect some thoughts over the next weeks.

Store of Value: Bitcoin seems safer for now.

Bitcoin is quickly becoming a terrible store of value because its security is being centralized.  It is no longer the decentralized store of value that it was in the beginning.

But those are details - same about the transactions. Maybe NXT is slightly better - but that's contested and mostly a story about the future.
Next to nobody asks: "I want to transfer money, but not pay fees, but want to be more decentralized than bitcoin... and I'm ok with using several exchanges".
It's not the same as: "I need a map of the town X" - click click - boom, there it is.

The AE is getting there, maybe. But there are lots of hurdles (exchange rate), other Crowdfunding options (including crypto) - and established businesses have other ways to get funding, where they are on safe legal ground.
I have a hard time specifically formulating what a user would ask to get the NXT AE as perfect answer. And then, after that, marketing (especially press) would be needed to make NXT the first result popping up when someone puts that question into google.

I will say it again and again and again..NXT need a small company from real world (not cryptoland) that uses it.(AE,market,etc).

I really don't see how NXT is business-ready yet. Which non-crypto company is willing to have an account that all competition can look into? Which business can afford holding their value in a fluctuating altcoin? Which company can afford to cover themselves legally?
I agree that normal users, and fresh start-ups should be fearless and move forward - but I can't say that businesses should risk a struggle with the SEC. They might put a lot of investments and employees at risk.
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2Kool4Skewl

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Re: Why does NXT trade like sh*t?
« Reply #125 on: October 16, 2014, 04:58:35 pm »

Store of Value: Bitcoin seems safer for now.

Bitcoin is quickly becoming a terrible store of value because its security is being centralized.  It is no longer the decentralized store of value that it was in the beginning.

But those are details - same about the transactions. Maybe NXT is slightly better - but that's contested and mostly a story about the future.
Next to nobody asks: "I want to transfer money, but not pay fees, but want to be more decentralized than bitcoin... and I'm ok with using several exchanges".

The devil is in the details.  I don't think NXT being a better (aka safer) store of value is a contestable statement.  The fact is NXT's security will become more decentralized as time goes on and Bitcoin's security will become more centralized.  Centralization destroys the store of value premise for Bitcoin because it can then be undermined/controlled by a few individuals.

You're right that most people probably don't think this in depth, but then they will be companions to the fiat bagholders when the game is up.
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coinomat

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Re: Why does NXT trade like sh*t?
« Reply #126 on: October 16, 2014, 07:08:04 pm »

Not really sure about that, it could run in all kinds of legal troubles which it won't be able to solve. I think the opposite scenario is mor feasible  - a crypto company trades on NXT AE and becomes so big that it becomes a "real world" company.
I will say it again and again and again..NXT need a small company from real world (not cryptoland) that uses it.(AE,market,etc). This will be the breaking point, and marks the difference with the others cryptos.

Stop with the pretty videos,redddits and other shit,doesnt go to anywhere.
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TwinWinNerD

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Re: Why does NXT trade like sh*t?
« Reply #127 on: October 16, 2014, 07:10:04 pm »

Not really sure about that, it could run in all kinds of legal troubles which it won't be able to solve. I think the opposite scenario is mor feasible  - a crypto company trades on NXT AE and becomes so big that it becomes a "real world" company.
I will say it again and again and again..NXT need a small company from real world (not cryptoland) that uses it.(AE,market,etc). This will be the breaking point, and marks the difference with the others cryptos.

Stop with the pretty videos,redddits and other shit,doesnt go to anywhere.

Could you please post in the same way as 99.9% of all forum user do and write BELOW a quote....

coinomat

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Re: Why does NXT trade like sh*t?
« Reply #128 on: October 16, 2014, 07:24:49 pm »

Not really sure about that, it could run in all kinds of legal troubles which it won't be able to solve. I think the opposite scenario is mor feasible  - a crypto company trades on NXT AE and becomes so big that it becomes a "real world" company.
I will say it again and again and again..NXT need a small company from real world (not cryptoland) that uses it.(AE,market,etc). This will be the breaking point, and marks the difference with the others cryptos.

Stop with the pretty videos,redddits and other shit,doesnt go to anywhere.

Could you please post in the same way as 99.9% of all forum user do and write BELOW a quote....
:) Yes
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nexern

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Re: Why does NXT trade like sh*t?
« Reply #129 on: October 16, 2014, 07:51:49 pm »

I will say it again and again and again..NXT need a small company from real world (not cryptoland) that uses it.(AE,market,etc). This will be the breaking point, and marks the difference with the others cryptos.

Stop with the pretty videos,redddits and other shit,doesnt go to anywhere.

+1 | i am praying this since months also. fortunatly it looks like it turns into this direction now, at least step by step.
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ChuckOne

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Re: Why does NXT trade like sh*t?
« Reply #130 on: October 16, 2014, 07:53:01 pm »

I will say it again and again and again..NXT need a small company from real world (not cryptoland) that uses it.(AE,market,etc). This will be the breaking point, and marks the difference with the others cryptos.

Stop with the pretty videos,redddits and other shit,doesnt go to anywhere.

+1 | i am praying this since months also. fortunatly it looks like it turns into this direction now, at least step by step.


Praying does not help.
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nexern

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Re: Why does NXT trade like sh*t?
« Reply #131 on: October 16, 2014, 07:58:27 pm »

I will say it again and again and again..NXT need a small company from real world (not cryptoland) that uses it.(AE,market,etc). This will be the breaking point, and marks the difference with the others cryptos.

Stop with the pretty videos,redddits and other shit,doesnt go to anywhere.

+1 | i am praying this since months also. fortunatly it looks like it turns into this direction now, at least step by step.


Praying does not help.

ignoring either.
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ChuckOne

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Re: Why does NXT trade like sh*t?
« Reply #132 on: October 16, 2014, 08:00:58 pm »

Praying does not help.

ignoring either.

Now, we are going somewhere. What do we DO about it?
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nexern

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Re: Why does NXT trade like sh*t?
« Reply #133 on: October 16, 2014, 08:11:16 pm »

Praying does not help.

ignoring either.

Now, we are going somewhere. What do we DO about it?

simple, activating the inactive community funds and start to reach out for the external market
instead creating more useless info stuff all taylored for the cryptosphere only. nobody cares
about this. i already wrote some ideas how to start this. bottom -> top approach. go where the
market is.
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Berry

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Re: Why does NXT trade like sh*t?
« Reply #134 on: October 16, 2014, 08:12:00 pm »

Praying does not help.

ignoring either.

Now, we are going somewhere. What do we DO about it?


We just need an use-case. Other than crowdfunding on NXT-ae or sending money like bitcoin.
What would you tell a company what they can do with NXT?
It´s is possible that just I don´t know it, but all the further stuff is not that difficult if we have something that a company can really use, and if it is described well. Well for most people not just crazy geniouses.



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gs02xzz

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Re: Why does NXT trade like sh*t?
« Reply #135 on: October 16, 2014, 08:40:49 pm »

I will say it again and again and again..NXT need a small company from real world (not cryptoland) that uses it.(AE,market,etc). This will be the breaking point, and marks the difference with the others cryptos.
Stop with the pretty videos,redddits and other shit,doesnt go to anywhere.

That is true. The time when the majority of the Nxt users are not anonymous any more is the time for Nxt to take off. All the devs need to do is to build the best platform. The real non-anonymous users will take care of the rest. The current anonymous Kumbayah users are between as the early investors and bridges.
« Last Edit: October 16, 2014, 09:08:36 pm by gs02xzz »
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prometheus

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Re: Why does NXT trade like sh*t?
« Reply #136 on: October 16, 2014, 08:46:17 pm »

what about community funded NXT ATMs? someone could issue an asset for this. just a small idea
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nexern

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Re: Why does NXT trade like sh*t?
« Reply #137 on: October 16, 2014, 09:00:07 pm »

it is not as complicated, the committees has to return from stasis and start to risk something.
it is clear that not every initiative will be successfull but just one condensation nuclei is sufficient
to create momentum. there are serveral areas which are usefull already for the external market.

i am sure, in a couple of month, nxt will have some big competition to reach this externals as first.
if you remember, in spring we said we have enough time to roll out all features and marketing before
others will even have a chance to react. we lost this time advantage already due to entertainment reasons.
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ChuckOne

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Re: Why does NXT trade like sh*t?
« Reply #138 on: October 16, 2014, 09:02:53 pm »

@nexern

It seems you have some very concrete steps in mind. Whom would you reach out to?
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coinomat

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Re: Why does NXT trade like sh*t?
« Reply #139 on: October 16, 2014, 09:14:40 pm »

looked into this, not easy but doable (hardware, regulation...)
Don't have enough time for this, but probably could participate one way or another if someone wishes to do it. Central and Eastern Europe, know how to do it in Germany.
what about community funded NXT ATMs? someone could issue an asset for this. just a small idea
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