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lightspeed

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NxT Market Report
« on: April 28, 2014, 11:45:44 pm »

Hi Folks

Due to popular request, I'm going to start posting the report on this forum as well as the previous 'home' of NXT Market Report. Special thanks to Graviton of nextcoin.org for giving the move his blessing and being so constructive in wishing to see things evolve according to the wider community's preference.

I'll of course continue to post on nextcoin.org where you can find past reports at this thread: https://nextcoin.org/index.php/topic,4467.75.html.

The report can also be found (along with back issues) at the most excellent http://nxter.org which is kept up to date by the prolific 'apenzl' who's site is otherwise packed full of relevant and topical content about NxT.

Finally, you'll notice plenty of 'health warnings' floating around the place. That is because it must never be forgotten that what you are reading is a mix of opinion and analysis. The report's purpose is both to inform and to promote constructive discussion points. It is one view amongst many of the current state of the market accompanied by non-professional, armchair technicals. I recommend absorbing several points of view before making any trading decisions.

As the inimitable Chris Joseph always says, always consult your "financial advisor, lawyer, accountant" etc etc before making any large investments :)

Lightspeed
« Last Edit: April 29, 2014, 01:48:28 am by lightspeed »
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lightspeed

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Re: NxT Market Report
« Reply #1 on: April 28, 2014, 11:46:33 pm »

April 28th 2014: 18:00 UTC - "I'M A STAKEHOLDER GET ME OUT OF HERE" (BULLISH VERSION)
******************************************************************************

Just a brief update to draw attention to what looks like being a bit of a turnaround in the steady bleed on the markets.

Current market depth (BTER):

Bids: 0.296 Million NXT
Asks: 0.242 Million NXT

Reach on BTER at the moment: (Averages in brackets)

10,000 NXT = 4900 Satoshis
50,000 NXT = 5295
100,000 NXT = 5480
200,000 NXT = 5590
500,000 NXT = Not available

Today's 500.000 cashout would take us to 4217 Satoshis, a drop of only 200 Sats at the time of writing.

******************************************************************************

"I'M A STAKEHOLDER GET ME OUT OF HERE"

During the last few days, despite the favourable fundamentals of this market at the moment, we've seen a significant number of big 5 and 6-figure cashouts.

The question arises of why ? If there's so much good news and activity going around, why is there so much cashing out going on and of such large amounts ? Who would sell a quarter of a million NxT in a single sale at rock bottom prices when we're days away from new technology rollouts and major media coverage ?

The answer lies in the availability of market liquidity.

To most of us, the phenomenon of rich NxT stakeholders is spectator sport only.  On the face of it, it may seem an enviable position to be into one of those 7 figure balances where your calculator tells you you're sitting on a small fortune worth x-hundred's of Bitcoin. However, try realising the amount on the display panel and that trip on Richard Branson's spaceplane suddenly fades back into dreamland.

Unfortunately your calculator is blissfully ignorant of the 'real world' and mistakenly assumes a 100% liquid market. It doesn't need buyers and can cashout your full stash at the price of the last trade. On the other hand, you do and cannot.

Market liquidity is gold dust to a large holder trying to realise their holdings. As the price rises, liquidity becomes more sparse. A bit like climbing a mountain and breathing the rarefied air near the summit. There's simply less of it. What that means is that anyone waiting for the price to rise before cashing out will be constantly disappointed because they can't have both - price and liquidity.

This must have become a frustrating process for some stakeholders over the last few months. They haven't "crashed the market" trying to exit as so many predicted would happen early on in NxT's existence. The reason for that is in no small part due to the exciting ongoing development work that's being done in the currency. At the same time, they would have to crash the price a little bit if they wanted to realise a 6 figure sum when the market is at its more elevated cruising levels. It appears that this is not an attractive option for NxT stakeholders - at least not as much as being able to realise the amount of Bitcoin that their calculator told them they were "due", even if the price is low.

However, during the last week or so, 2 things have converged to give them a break and at the same time possibly encourage a new round of healthy distribution of the currency:

[1] - the price has dropped to a level where there is substantial liquidity available to support large cashouts

[2] - we are entering a phase of "bullish" fundamentals that may be starting to feed that liquidity more sustainably



The "bullish fundamentals" amount to increasing good media coverage in the cryptocurrency blogs, forums and press due to the imminent launch of the NxT asset exchange as well as new 3rd party commercial initiatives being announced and alluded which capitalise on the new blockchain features.

Some large holders therefore, could be slightly more interested in liquidity than price which may explain much of the recent selling spree. Have a look at the 500,000 cashout reach in today's market depth statistics - a sale of 500,000 NxT, (0.05% of the entire NxT money supply) only results in a 200 Satoshi price change. So finally, a large holder can actually realise what their calculator told them they owned without having to destroy the order book and the price with it. This is a very enticing prospect for them.

It is also reassuring for us "market-minions" (apologies to readers who may actually be the subject of todays report) because it shows that there is a price at which large amounts of liquidity become available. Over time, as distribution improves and assuming continued  development of fundamentals, this 'threshold' price should increase. It also shows that NxT's little distribution "problem" may not be a problem at all and may actually be quite containable, albeit it will take a while for propagation to occur.

BUT...THERE'S A LIMIT

Once this 'munching ground' level was reached, 24 hour volume on BTER more than doubled, reaching a peak of about 1.5 Million NxT on Friday 25th April. What's interesting now though is that suddenly, big sells appear to have slowed if not stopped altogether late this afternoon (Mon 28th). For the last couple of hours, Market Report has been watching 200,000 NXT's worth of buy order at 4660 attract about as much interest as a glass of sour milk. Only this morning that would have been gobbled within 10 minutes. Furthermore, trading analysis tools now report the 500,000 buy-in as "out of order book".

These anecdotal observations appear to agree with moving average analysis - the 12 hour MACD histogram today put in its first green block since April 20th, the 4 Hour pushed wide again to the upside after threatening to crossover in nosedive fashion yesterday. The 1 hour crossed decisively over in the last couple of hours, also to the upside.



What does this tell us about the "big holders" (at least the short-term speculative ones) and the "will they dump on us" questions ? The past 48 hours of activity have revealed 3 potential clues with regards to 'whale' trading tactics  in this market:

[1] - there is a 'base munching level" (BML) at which they will generally sell in the absence of any background "excitement". As long as fundamentals are reasonably buoyant, they would rather cash out at high liquidity level than a high price level (where they have to push the price down) because they want to carry their trade out at market price, not below

[2] - if any "background excitement" does appear, they will cease munching and allow the price to rise and liquidity to build, possibly setting in a new high for the 'munching level"

[3] - the longer this cycle repeats, the more their 'munching' ability is diminished. There are 2 factors driving this:

a) - progressively depleted funds due to short term speculative investors realising their gains
b) - for those that remain, increasing confidence in the asset and therefore propensity to hold long term

So we may have seen a bottom for now at precisely 4000 Satoshis this afternoon. From here, all else being equal, favourable media coverage is only going to slowly increase towards the AE launch date. (Of course "all else" is never equal and traders should always be on their guard and inform themselves as fully as possible).



In the meantime, lets see how fresh that order book gets in the next 48 hours.

TODAY'S SPECIAL HEALTH WARNING

Although today's report is fairly bullish, please always be careful, stay as informed as you can and ultimately listen to your own instincts. NxT Market Report presents one view as a stimulous for thought and discussion. There are always valid alternative views that can be considered. According to current market depth, the price looks buyable at below 5000 Satoshis but NEVER throw money at markets in excitement whatever the price and only trade what you can afford to loose since cryptocurrency markets are inherently volatile and can turnaround quickly.

Also bear in mind - investment vehicles are not democracies but this works both ways. It means you can have just as much fun being part of the NxT project and watching / participating in its evolution with a stake of 1000 NxT as you can with 100,000 or 1 million.

Following those simple rules will ensure you generally experience..

...Happy trading !

-------------------------------------- NxT Market Report --- April 28th 2014---- 18:00 UTC ---------------------------------------------------

NxT: 13411915496268579987
« Last Edit: April 29, 2014, 07:49:18 am by lightspeed »
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williamevanl

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Re: NxT Market Report
« Reply #2 on: April 29, 2014, 03:59:40 am »

Jeez man, I always think these are pretty good but this is really excellent stuff! I'm not sure what you do for a living but you might be in the wrong field.  :D
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MadCow

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Re: NxT Market Report
« Reply #3 on: April 29, 2014, 04:51:36 am »

Jeez man, I always think these are pretty good but this is really excellent stuff! I'm not sure what you do for a living but you might be in the wrong field.  :D

I agree, first rate!

@lightspeed, you would make a great interview subject for a NXT podcast :)

Keep up the good work!

thanks
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farl4bit

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Re: NxT Market Report
« Reply #4 on: April 29, 2014, 07:15:47 am »

Great to have you on Nxtforum.org too!  :)

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Jacinto

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Re: NxT Market Report
« Reply #5 on: April 29, 2014, 07:19:13 am »

Man, i love your market reports!  :D

We should bump this thread!
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farl4bit

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Re: NxT Market Report
« Reply #6 on: April 29, 2014, 07:20:30 am »

I made it Sticky!  :)
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Fatih87SK

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Re: NxT Market Report
« Reply #7 on: April 29, 2014, 07:28:56 am »

Always fun to read your market reports.
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zorke

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Re: NxT Market Report
« Reply #8 on: April 29, 2014, 09:29:06 am »

WOW thanks, it seems to me that you know what you are doing and talking about!!  :)
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landomata

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Re: NxT Market Report
« Reply #9 on: April 29, 2014, 10:01:00 am »

 :o really great market commentary.

Graviton

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Re: NxT Market Report
« Reply #10 on: April 29, 2014, 10:33:25 am »

Quote
anyone waiting for the price to rise before cashing out will be constantly disappointed because they can't have both - price and liquidity

With ~20 yrs of trading behind I have never before seen this fundamental fact stated on your face so coherently.

First class, well no, business class I would say!
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Fatih87SK

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Re: NxT Market Report
« Reply #11 on: April 29, 2014, 10:38:16 am »

Good idea to place at our new Bitcointalk thread?
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TimmyD

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Re: NxT Market Report
« Reply #12 on: April 29, 2014, 10:57:16 am »

very good read indeed thanks
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ThomasVeil

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Re: NxT Market Report
« Reply #13 on: April 30, 2014, 10:11:43 am »

Love it too. Very comprehensible yet sound analysis - without the tea leaf reading you see usually everywhere in TA.

One thought about this one: Is it sure that this situation is unique to NXT? It seems to me the BTC market moved very similarly. We seemed to have reached a bottom, with even China-news not doing much anymore.

Thanks for sharing it. Curious to read more.
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IveBeenBit

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Re: NxT Market Report
« Reply #14 on: April 30, 2014, 07:25:21 pm »

Subscribe.
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ShawnLeary

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Re: NxT Market Report
« Reply #15 on: May 04, 2014, 07:41:18 pm »

We need more ;)  Great work LS.
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Re: NxT Market Report
« Reply #16 on: May 08, 2014, 01:52:57 pm »

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Jacinto

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Re: NxT Market Report
« Reply #17 on: May 09, 2014, 07:24:48 am »

We need an update!!!  ;D
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lightspeed

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Re: NxT Market Report
« Reply #18 on: May 09, 2014, 11:59:43 pm »

May 10th 2014: 12:00 UTC - Interim Report. Cool Off Period (Hold your fire)
**************************************************************************

Current market depth (BTER):

Bids: 1.4 Million NXT
Asks: 0.5 Million NXT

Source: Bitcoinwisdom

Current market depth (Cryptsy):

Bids: 0.19 Million NXT
Asks: 0.035 Million NXT

Source: cryptocoincharts

Reach on BTER at the moment:

10,000 NXT = 6998 Satoshis
50,000 NXT = 7176
100,000 NXT = 7192
200,000 NXT = 7590 (4998)
500,000 NXT = Not available

This evening's 500,000 cashout takes us to 6500.

Prognosis: We are in a cool-off period in the uptrend. This may last between a few hours to a couple of days during which indications suggest that we might settle in the 6000 to 7000 satoshi range for a rest. If profit taking by NxT speculators is excessive we may retest the 5000 resistance at the odd candle bottom. The 30 minute MACD (which for NXT currently has between a 6 and 12 hour cycle) just pushed slightly wider to the downside on an already divergent trend (to the downside) which suggests an incoming correction.

However, with NXT being a very slow and low liquidity market, it's unlikely that the correction will have enough of a spread to present opportunities for accumulation to those other than the most experienced traders (That means more experienced than your current market commentator).

4 Hour Chart (Each candle is 4 hours wide)



Convergeance-divergeance moving average indicators agree that we may be not heading up as fast. At the worst case, a correction is suggested but like the high cirrus clouds warning of a distant warm front, it may be a few hours away:

The correction may be anywhere between a slowing of the uptrend to a temporary down trend (expected) before stabilising possibly Sunday or Monday.

4hr MACD Histogram




« Last Edit: May 10, 2014, 10:43:11 am by lightspeed »
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yassin54

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Re: NxT Market Report
« Reply #19 on: May 10, 2014, 09:48:15 am »

Great Job!!!!!
thanks.  :-*

ThomasVeil

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Re: NxT Market Report
« Reply #20 on: May 11, 2014, 09:34:19 am »

Current market depth (BTER):

Bids: 1.4 Million NXT
Asks: 0.5 Million NXT

Current market depth (Cryptsy):

Bids: 0.19 Million NXT
Asks: 0.035 Million NXT

I've seen at one point more than a Million NXT for sale on cryptsy. I can imagine that some big owners cashed out in the updraft. The liquidity was there.

Seems to me that Bter is the place where the experienced NXT owners like to trade. Their other currencies don't have such a high volume typically (as a function of their popularity).
Cryptsy is likely where newbs will enter. So the numbers look good for more users coming in, if my observations are right.
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lightspeed

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Re: NxT Market Report
« Reply #21 on: May 12, 2014, 09:43:15 pm »

May 12th 2014: 22:00 UTC - Interim Report. Battle Lines Drawn @ 7500
**************************************************************************

Current market depth (BTER):

Bids: 2.4 Million NXT
Asks: 0.6 Million NXT

Source: Bitcoinwisdom. (NOTE: Altcoincharts and BCW do not agree at the moment, however the latter source appears unserviceable for NXT market depth)

Reach on BTER:

10,000 NXT = 7290 Satoshis
50,000 NXT = 7499
100,000 NXT = 7500
200,000 NXT = 7500
500,000 NXT = 8000

This evening's 500,000 cashout takes us to 6725.

Prognosis: We appear to have reached the end of the "cool-off" period and the order book is bubbling again. The last 24 hours has seen NXT form the 3rd largest market on BTER after BTC and Doge with a trading volume of approximately 140 BTC over the day.

It's a game of minnows and whales with little in between, however the whales are coming from both directions as today's market depth shows. Despite the price rise since the last report we now have the half million buy available on the order book, so once again large holders are availing themselves of the new found liquidity in the market.

Battle lines appear to be drawn around the 7500 to 8000 Satoshi region and if the market manages to get to that level with sufficient liquidity then we may see some interesting action for a while.



Moving averages and their derivative indicators are still completing their bearish cycles with the shorter term ones starting to diverge gently to the upside. So what is suggested is:

[1] - a gentle rise to possibly 7400 or 7500

[2] - either a bounce-off back to 7000+ or a steady high volume exchange starting around 7500



8000 is still well over the horizon since it's the other side of the 7500 battleground which may be bloody. Of course if sell walls are pulled then we could be spared the grey hairs, but that will only happen if the market gains confidence and possibly depends more on product fundamentals and media perception than charts.



As always, health warnings apply and with the small spreads available right now, attempts at accumulation are not recommended for the faint of heart or pocket, however some tuna sandwiches and your beverage of choice may enhance the spectacle.

Happy trading !

Postscript: There is desert today. Not directly related to NXT, however Bitcoin is the reserve currency in which all other alts are traded so I trust readers will agree that what's significant for Bitcoin is significant for everyone else :)

http://www.bloomberg.com/video/can-bitcoin-save-the-post-office-iQx5kWnzQI~iWL2ZmNNm0A.html

PPS: As background, long range convergeance-divergeance rate charts for Bitcoin are beginning to cross over with the 3-day having just done so for the first time since December. The very longest and most unambiguous is projected to turn around during June.
« Last Edit: May 13, 2014, 03:05:25 pm by lightspeed »
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allbits

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Re: NxT Market Report
« Reply #22 on: May 12, 2014, 11:24:33 pm »

Entertaining read.  I love the style.  Have you done financial writing professionally?
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lightspeed

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Re: NxT Market Report
« Reply #23 on: May 12, 2014, 11:44:02 pm »

Entertaining read.  I love the style.  Have you done financial writing professionally?

Absolutely not :) (Not remotely qualified for a start). Although providing commentary on cryptocurrency markets is a bit of a baptism of fire. I may consider it if I survive  ;)
« Last Edit: May 13, 2014, 12:19:06 am by lightspeed »
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Re: NxT Market Report
« Reply #24 on: May 13, 2014, 04:22:47 am »

Entertaining read.  I love the style.  Have you done financial writing professionally?

Absolutely not :) (Not remotely qualified for a start). Although providing commentary on cryptocurrency markets is a bit of a baptism of fire. I may consider it if I survive  ;)

You're doing a great job.  I enjoy reading these reports.
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ThomasVeil

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Re: NxT Market Report
« Reply #25 on: May 13, 2014, 01:21:53 pm »

Agree: interesting writeup again.
The youtube vid is down. What was it about?
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Re: NxT Market Report
« Reply #26 on: May 13, 2014, 01:54:36 pm »


PPS: As background, long range convergeance-divergeance rate charts for Bitcoin are beginning to cross over with the 3-day having just done so for the first time since December. The very longest and most unambiguous is projected to turn around during June.

Other trading sites and blogs seem to agree with you. So lets hope that we are at the end of the 5-6 months cycle and are on our way up!
Thanks again for your reports!
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lightspeed

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Re: NxT Market Report
« Reply #27 on: May 13, 2014, 03:06:08 pm »

The youtube vid is down. What was it about?

Sorry about that. Replaced with another link. Try now.
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Re: NxT Market Report
« Reply #28 on: May 14, 2014, 04:54:33 pm »

@ lightspeed - love the graphs

I think it would be great if these graphs were in a video on YouTube, I would certainly subscribe. Kind of like MadBitCoins - with a little less Mad.
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Re: NxT Market Report
« Reply #29 on: May 15, 2014, 05:03:11 am »

I have discovered an anomaly
I am hoping some valuation experts can solve this.

With NXT AE it is possible, actually almost certain, that the total value of all the assets will be worth well in excess of a billion NXT

This is in spite of each asset being fairly valued. I know this means that nobody can purchase all the NXT assets, ever, so it is kind of immunity against financial attack on NXT assets, but does anybody else find this a little confusing?

How can NXT have NXT assets such that the sum of the NXT assets values are well in excess of a billion NXT. Wouldnt this cause a dramatic shortage of NXT. Currently we are well below this mark, but I predict in a few months we will cross that threshold. And there is nothing that stops more and more assets from being issued. The total asset values could well exceed 100 billion NXT down the road.

I predict at that point, the scarcity of NXT (assuming 1% of assets per day trade) will lead to a critical shortage of NXT. The "problem" is that the spike in NXT price will attract more asset issuers making the problem worse. It feedsback on itself...

James
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Re: NxT Market Report
« Reply #30 on: May 15, 2014, 06:04:42 am »

I have discovered an anomaly
I am hoping some valuation experts can solve this.

With NXT AE it is possible, actually almost certain, that the total value of all the assets will be worth well in excess of a billion NXT

This is in spite of each asset being fairly valued. I know this means that nobody can purchase all the NXT assets, ever, so it is kind of immunity against financial attack on NXT assets, but does anybody else find this a little confusing?

How can NXT have NXT assets such that the sum of the NXT assets values are well in excess of a billion NXT. Wouldnt this cause a dramatic shortage of NXT. Currently we are well below this mark, but I predict in a few months we will cross that threshold. And there is nothing that stops more and more assets from being issued. The total asset values could well exceed 100 billion NXT down the road.

I predict at that point, the scarcity of NXT (assuming 1% of assets per day trade) will lead to a critical shortage of NXT. The "problem" is that the spike in NXT price will attract more asset issuers making the problem worse. It feedsback on itself...

James


My initial thought (caution: after being up all night) is that if the assets on AE become more valuable then the demand for NXT (as the only way to acquire said assets) will automatically go up equally. The AE is after all a part of the "NXT token".
And with NQT, I don't think this'll ever be a problem. Instead of a share costing 1 NXT it might cost 0.01 NXT, but the value stays the same.
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Re: NxT Market Report
« Reply #31 on: May 15, 2014, 06:09:32 am »

I have discovered an anomaly
I am hoping some valuation experts can solve this.

With NXT AE it is possible, actually almost certain, that the total value of all the assets will be worth well in excess of a billion NXT

This is in spite of each asset being fairly valued. I know this means that nobody can purchase all the NXT assets, ever, so it is kind of immunity against financial attack on NXT assets, but does anybody else find this a little confusing?

How can NXT have NXT assets such that the sum of the NXT assets values are well in excess of a billion NXT. Wouldnt this cause a dramatic shortage of NXT. Currently we are well below this mark, but I predict in a few months we will cross that threshold. And there is nothing that stops more and more assets from being issued. The total asset values could well exceed 100 billion NXT down the road.

I predict at that point, the scarcity of NXT (assuming 1% of assets per day trade) will lead to a critical shortage of NXT. The "problem" is that the spike in NXT price will attract more asset issuers making the problem worse. It feedsback on itself...

James

The AE will host other crypto and fiat currencies via gateways.  AE assets should be able to be priced in other currencies besides NXT.
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Re: NxT Market Report
« Reply #32 on: May 15, 2014, 06:12:29 am »

The AE will host other crypto and fiat currencies via gateways.  AE assets should be able to be priced in other currencies besides NXT.

And here we go again ;D
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Re: NxT Market Report
« Reply #33 on: May 15, 2014, 06:18:57 am »

I have discovered an anomaly
I am hoping some valuation experts can solve this.

With NXT AE it is possible, actually almost certain, that the total value of all the assets will be worth well in excess of a billion NXT

This is in spite of each asset being fairly valued. I know this means that nobody can purchase all the NXT assets, ever, so it is kind of immunity against financial attack on NXT assets, but does anybody else find this a little confusing?

How can NXT have NXT assets such that the sum of the NXT assets values are well in excess of a billion NXT. Wouldnt this cause a dramatic shortage of NXT. Currently we are well below this mark, but I predict in a few months we will cross that threshold. And there is nothing that stops more and more assets from being issued. The total asset values could well exceed 100 billion NXT down the road.

I predict at that point, the scarcity of NXT (assuming 1% of assets per day trade) will lead to a critical shortage of NXT. The "problem" is that the spike in NXT price will attract more asset issuers making the problem worse. It feedsback on itself...

James


My initial thought (caution: after being up all night) is that if the assets on AE become more valuable then the demand for NXT (as the only way to acquire said assets) will automatically go up equally. The AE is after all a part of the "NXT token".
And with NQT, I don't think this'll ever be a problem. Instead of a share costing 1 NXT it might cost 0.01 NXT, but the value stays the same.
Your logic would work if only it wasnt all priced in NXT. Once the total value goes above the inverse of the average trading percentage of all the assets, it will create an exponential (?) feedback loop of unknown periodicity

At least that is what I think

James
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Re: NxT Market Report
« Reply #34 on: May 15, 2014, 06:29:19 am »

cool report. :D
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Re: NxT Market Report
« Reply #35 on: May 15, 2014, 06:47:09 am »

Nxt is not totally a story of speculation. There is real economy behind the the value of NXT : we can forge with them. Since monday, I forged 7 blocks and reward 16 NXT (I'm not lucky). It's mean, that I can hope 2000 NXT in one year. It make 0.4 % of yearly retribution. It's better than my bank account retribution.
If I look the global average fee per block, it's 13 NXT per block, that mean I can hope 11k NXT per year. It's 2.76% per year !

And it's only the beginning !

If I had BTC, what can I hope ? Nothing. It's only storage like coins in a safe.

I don't think that NXT will sky rocket like a lot of people think. NXT is more stable value, but it's real value.

Every Tokens on Nxt are their own value, real value based on real things, real business. But they aren't NXT, NXT is the basis of the system : for the security, used to buy and sell and become the fees.

Also, the value of NXT depend of "Blocks rewards" and the need of basis liquidity in the system.
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Re: NxT Market Report
« Reply #36 on: May 15, 2014, 11:54:48 am »

I have discovered an anomaly
I am hoping some valuation experts can solve this.

With NXT AE it is possible, actually almost certain, that the total value of all the assets will be worth well in excess of a billion NXT

This is in spite of each asset being fairly valued. I know this means that nobody can purchase all the NXT assets, ever, so it is kind of immunity against financial attack on NXT assets, but does anybody else find this a little confusing?

How can NXT have NXT assets such that the sum of the NXT assets values are well in excess of a billion NXT. Wouldnt this cause a dramatic shortage of NXT. Currently we are well below this mark, but I predict in a few months we will cross that threshold. And there is nothing that stops more and more assets from being issued. The total asset values could well exceed 100 billion NXT down the road.

I predict at that point, the scarcity of NXT (assuming 1% of assets per day trade) will lead to a critical shortage of NXT. The "problem" is that the spike in NXT price will attract more asset issuers making the problem worse. It feedsback on itself...

James

I think there is a problem with your reasoning, unless I misunderstand the way the AE works.
The way I see things is that the value of assets is only referred to in Nxt, but it doesn't mean the Nxt equivalent would be drained from the monetary mass.
Let me explain : If I want to buy Anon's silver at market price (around $600 per kilogram), I'll need to spend 20000 Nxt per kg. Let's suppose someone sells that to me. 20k Nxt move from my account to his and I get the corresponding tokens, which are like a proof of my ownership, the silver being stored in Anon's basement (where does he live, by the way ? :D). Once the seller receives his Nxt, he'll exchange them with dollars, for example, and then buy some more silver. We can then redo the same operation, over and over, and, technically, all other things being equal, I could buy myself 55 tons of silver with Nxt's current market cap.
But there would still be Nxt being used, because the Nxt "coins" are not stored in Anon's basement, only the silver is. As a matter of fact, the monetary mass will not have changed at all. That's why it's called a "currency" : It keeps moving.
And, in the end, I could discuss this with Anon and ask him to send me the silver I'm entitled to, and sell it in euros, for example, without  going through the AE again. In & out...


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Re: NxT Market Report
« Reply #37 on: May 15, 2014, 12:12:34 pm »

I am thinking about squatting this thread for a different kind of analysis.
Lightspeed : If this bothers you, tell me, I'll create another thread.

So here's the deal : I created an Excel sheet to follow Nxt evolution compared to other crypto currencies. Indeed, I figured the best way to value Nxt is in dollars (for now, at least), but that alone doesn't give a clear view of Nxt's real strength.
So, for the past 8 days, I downloaded the top 12 cryptos maket caps to compare their evolutions.
I removed from the graph (but not from the data) the top 2 (bitcoin and litcoin) because their market caps were too big and were killing the very idea of  the graph.

So... here it is :



Nxt is in bold yellow. The calculations are made first my adding up the top 12 market caps, then by calculating each crypto's ratio compared to that total. For example, today's top 12 market cap was $6'278'975'055 at the time of snapshot, and Nxt's was $33'964'554. So Nxt's ratio is 0.54%.

As you can see, Nxt went from 0.39% on the 8th of May to 0.54% today. Ripple went up recently, too, as for Darkcoin. Blackcoin is crashing, though.

I can share the Excel file with its macros, if anyone wants it.



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Re: NxT Market Report
« Reply #38 on: May 15, 2014, 12:13:46 pm »

I have discovered an anomaly
I am hoping some valuation experts can solve this.

With NXT AE it is possible, actually almost certain, that the total value of all the assets will be worth well in excess of a billion NXT

This is in spite of each asset being fairly valued. I know this means that nobody can purchase all the NXT assets, ever, so it is kind of immunity against financial attack on NXT assets, but does anybody else find this a little confusing?

How can NXT have NXT assets such that the sum of the NXT assets values are well in excess of a billion NXT. Wouldnt this cause a dramatic shortage of NXT. Currently we are well below this mark, but I predict in a few months we will cross that threshold. And there is nothing that stops more and more assets from being issued. The total asset values could well exceed 100 billion NXT down the road.

I predict at that point, the scarcity of NXT (assuming 1% of assets per day trade) will lead to a critical shortage of NXT. The "problem" is that the spike in NXT price will attract more asset issuers making the problem worse. It feedsback on itself...

James

I think there is a problem with your reasoning, unless I misunderstand the way the AE works.
The way I see things is that the value of assets is only referred to in Nxt, but it doesn't mean the Nxt equivalent would be drained from the monetary mass.
Let me explain : If I want to buy Anon's silver at market price (around $600 per kilogram), I'll need to spend 20000 Nxt per kg. Let's suppose someone sells that to me. 20k Nxt move from my account to his and I get the corresponding tokens, which are like a proof of my ownership, the silver being stored in Anon's basement (where does he live, by the way ? :D). Once the seller receives his Nxt, he'll exchange them with dollars, for example, and then buy some more silver. We can then redo the same operation, over and over, and, technically, all other things being equal, I could buy myself 55 tons of silver with Nxt's current market cap.
But there would still be Nxt being used, because the Nxt "coins" are not stored in Anon's basement, only the silver is. As a matter of fact, the monetary mass will not have changed at all. That's why it's called a "currency" : It keeps moving.
And, in the end, I could discuss this with Anon and ask him to send me the silver I'm entitled to, and sell it in euros, for example, without  going through the AE again. In & out...
It is not a problem until the percentage of (1 billion NXT) / (total assets value) < (percentage of assets that trade daily)
Maybe daily can be changed to hourly, so we are a long ways away from any NXT scarcity driven price spike. After thinking about it a bit, I realized it is self correcting. Having the formula made it more apparent. The price of NXT will simply increase so that there is enough to deal with the trading liquidity required.

So change my estimate to a few years away from this event

James
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Re: NxT Market Report
« Reply #39 on: May 15, 2014, 02:09:14 pm »

May 15th 2014: 14:00 UTC - Interim Report. Battering Ram Round 3
**************************************************************************

Current market depth (BTER):

Bids: 1.3 Million NXT
Asks: 0.65 Million NXT

Source: Bitcoinwisdom.

Reach on BTER:

10,000 NXT = 7598 Satoshis
50,000 NXT = 7598
100,000 NXT = 7599
200,000 NXT = 7850
500,000 NXT = 8000

Today's 500,000 cashout does not move the price significantly.

After a fairly brisk couple of days with moments of very high volume trading not seen for a while, we've bounced off the 7500 battle line a couple of times and recoiled back down to about 6900 as expected. So far, there have effectively been 2 large battering rams deployed - one during late Friday trading which briefly wiped the order book out up to 8000 Satoshis and then another rally during Tuesday / Wednesday which again ran out of steam at 7500.

However, ground refuelling appears to be complete and we're back on the runway ready for another go at it.

This time, there is some cause for cautious optimism that the buyers might make it through the 7500-8000 resistance levels as the market is looking slightly more in their favour:

[1] - notice today's market depth figures. For the first time, there is enough buy liquidity on the books to allow major cashouts while only moving the price barely 5 satoshis. Despite this there have been as yet no takers during the preparation of today's commentary

[2] - we're starting from a slightly higher level than the last attempts on Friday and Monday

[3] - sellers appear to have had some of the stuffing knocked out of them during the last 3 days and have pulled back slightly. Only 630,000 is left on the order book  below 8000. This is borne out by moving average convergeance indications which show that sentiment towards the downside is slowing and upside momentum is spooling up its engines.



In addition to market technicals, believe it or not there may have been a few green lights given by the stars:

[4] - the timing for this (potential) rally could not be better. NXT has arrived at the 7500 coalface just as the atlantic sunrise appears over the New York horizon. This is always a good time of the day for NXT. Panicky US traders like to go straight from their beds to their PC's to check if precious holdings have withered and dump the remaining payload to mitigate any overnight damage. The discovery that the plants are alive and well generally propels the "ham & eggs" to a higher priority peg than any late profit taking.

[5] - there is starting to be a similar turnaround in sentiment for the Bitcoin landscape. Resistance has repeatedly held for the last few weeks and consideration is being given to a new breakout over June / July. This is very early days and things can go either way, but often negative sentiment in the bitcoin space can kill off any upwards movement amongst the alts



If in fact if today's cautious optimism turns out to be justified, the next question will be what kind of rally is this ? To answer this, we can consider 3 general types of rally in the crypto-alts market.

a) - feverish price changes having little or no basis in the currency fundamentals and based largely on an increase in media buzz around the coin (often referred to colloquially as "pump and dumps")

b) - temporary price changes based on fundamentals, such as new wallets, interest from merchants or new technological features. There is an initial "spike" in price followed by a slow decay thereafter, often right back down to the starting level

c) - long term valuation revisions which persist well past their point of initiation

So far, since January, NXT has experienced mainly type (b) price revisions. These can be easily correlated to various developmental phases in the history of the NXT network or technology features. Type c) has remained largely elusive, however the market has now revisited the 7000 level enough times that we might begin to consider the possibility. That makes the next few weeks of price evolution probably the most important in the history of the asset.

Top up your teapots and refill your cheese and olive bowls for round 3 !

UPDATE: 18:25 UTC. Things in the Bitcoin space indeed starting to turn around:

http://www.coindesk.com/dutch-payment-service-mollie-takes-bitcoin-10000-merchants/

« Last Edit: May 15, 2014, 05:26:06 pm by lightspeed »
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Re: NxT Market Report
« Reply #40 on: May 15, 2014, 02:14:21 pm »

Thanks lightspeed!!
It does look like they are trying to prevent it from going below 0.75 again, there's a wall at BTER:

0.00007500 462962.779NXT 34.72221BTC

It will be interesting to see if the conference starting today will influence the price much with possible newcomers.
Thank you again!
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Re: NxT Market Report
« Reply #41 on: May 15, 2014, 07:23:22 pm »

I have discovered an anomaly
I am hoping some valuation experts can solve this.

With NXT AE it is possible, actually almost certain, that the total value of all the assets will be worth well in excess of a billion NXT

This is in spite of each asset being fairly valued. I know this means that nobody can purchase all the NXT assets, ever, so it is kind of immunity against financial attack on NXT assets, but does anybody else find this a little confusing?

How can NXT have NXT assets such that the sum of the NXT assets values are well in excess of a billion NXT. Wouldnt this cause a dramatic shortage of NXT. Currently we are well below this mark, but I predict in a few months we will cross that threshold. And there is nothing that stops more and more assets from being issued. The total asset values could well exceed 100 billion NXT down the road.

I predict at that point, the scarcity of NXT (assuming 1% of assets per day trade) will lead to a critical shortage of NXT. The "problem" is that the spike in NXT price will attract more asset issuers making the problem worse. It feedsback on itself...

James

What you have seen isn't anything that I've considered well before the AE was released.  Since NXT has a fixed amount (well, slowly decreasing considering lost accounts and that Nxt sent to the genesis block are essentially destroyed) then Nxt is essentially deflationary.

This means that Assets based on service organizations (i.e. representing corporatized behavior) or physical assets (i.e. gold or silver) can increase in utility value, but with time will potentially decrease in Nxt value.

Consider this as an example of what I'm talking about.  Company Txn is a private company that sells physical goods and they make a ton of money (in the billions of dollars.)  After discovery crypto-currency and Nxt, they decide to "go public" on the NXT AE, as well as start selling good for Nxt.

Since this company is a multi-billion dollar company, people want to get into Nxt because this increases the value of Nxt.  The value of one Nxt immediately jumps from $.031 to $1.00!  This is more than a 30x increase in worth!

So, what happens to the remaining assets and their value?  Smaller assets will diminish in value because they aren't, all of a sudden, worth 30x their original valuation from a day earlier, just because a new company with deep pockets decided to support Nxt.

Nxt may be worth a lot more, but companies that use the AE will not gain in value simply because this is their currency of choice.

For this very reason, in today's market, I'm very selective of which assets that I invest in and I will most likely only invest in the short term (in a more traditional sense.)  Why?  Because I think the value of Nxt will increase with time.  I don't think a 30x increase will happen over night, but within a year I could certainly see that occurring.

What assets will need will be a stable "value" of Nxt.  This isn't necessarily a comparison against other cryptos but against fiat or against commodities with very-low rates of fluctuation in value.

FYI, this isn't a post of negativity but it is "food for thought".  Don't be so anxious to buy into some hot AE asset.  If you have a long-term, positive view of Nxt and the asset, your asset may have a minor loss in value if the value of Nxt out-paces the asset you've invested in.
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Re: NxT Market Report
« Reply #42 on: May 15, 2014, 07:34:01 pm »

rlh, this also crossed my mind when the AE opened and made it complicated for me to decide what to invest in and for how much.  I believe the 1000 NXT I invested in a company may only be worth ~$30 now, but I can see it easily being worth $300 before we know it
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Re: NxT Market Report
« Reply #43 on: May 15, 2014, 07:44:18 pm »

I've thought a little about this, too. I don't think it's going to be a problem.
The total value of companies listed on the stock market is immense - surely much larger than the monetary base. What I assume will happen with NXT is that the value of NXT will rise as the value of the companies on the AE rises. Since they should be spending the money they receive from investors, hopefully the whole NXT economy will grow as the money goes round. This is why I think NXT will grow faster than other cryptos: the digital economy is built into its DNA rather than tacked on afterwards.
Still, I do wonder about deflation if money is tied up in companies, and where that could end up.
I guess that's one of the things that's so interesting about the whole experiment!
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Re: NxT Market Report
« Reply #44 on: May 16, 2014, 10:10:04 am »

Here is the updated ratios chart :



We see Darkcoin rising fast, and Nxt catching up with Doge
Soon, we'll secure the fifth place before going after Peercoin.
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Re: NxT Market Report
« Reply #45 on: May 16, 2014, 10:27:12 am »

So, what happens to the remaining assets and their value?  Smaller assets will diminish in value because they aren't, all of a sudden, worth 30x their original valuation from a day earlier, just because a new company with deep pockets decided to support Nxt.

Nxt may be worth a lot more, but companies that use the AE will not gain in value simply because this is their currency of choice.
Thank you for your vision. I understand your way of thinking and you could be right.

I want to point out that the other 'normal' company's on the AE maybe loss value in NXT (because of the big enterprise joining AE), but because NXT is much more worth, in the end it has the same value in fiat/BTC.
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Re: NxT Market Report
« Reply #46 on: May 16, 2014, 10:47:32 am »

So, what happens to the remaining assets and their value?  Smaller assets will diminish in value because they aren't, all of a sudden, worth 30x their original valuation from a day earlier, just because a new company with deep pockets decided to support Nxt.

Nxt may be worth a lot more, but companies that use the AE will not gain in value simply because this is their currency of choice.
Thank you for your vision. I understand your way of thinking and you could be right.

I want to point out that the other 'normal' company's on the AE maybe loss value in NXT (because of the big enterprise joining AE), but because NXT is much more worth, in the end it has the same value in fiat/BTC.

This is true. One interesting qualification is what happens during the process of an IPO? What if a company is trying to raise 1 million NXT (0.1% of the total money supply) and it takes them a month - during which time the price of NXT may appreciate significantly?
One thing is that the money they raise is tied up until they have it all and can start using it. This alone may place a deflationary pressure on the NXT economy.
The other is that the amount of money they raise might increase by the time it all comes in. Thus it may make more sense to raise money as fiat-equivalent, at least to begin with, and issue shares proportional to its value at the time of purchase.
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Re: NxT Market Report
« Reply #47 on: May 16, 2014, 11:04:36 am »

It's a weird situation anyway. Think of this:

1 BTC = $500, 1NXT = 0,1 BTC, Company X (worth) = 100 NXT

What happens when 1 BTC = $1000? NXT won't half in value to 1 NXT = 0,05 BTC, that just doesn't happen. Look through the history of the past few months, it simply doesn't, which is weird in itself. Okay, so the Company now is worth DOUBLE the amount in fiat, just by being valued in NXT...

Doesn't seem right heh?

Basic economic principles don't seem to apply (yet) to crypto-economies. They have a dynamic of their own.

In the real world when an exchange rate changes, the currency that looses value gains financial interest and grows, the one that gains value shrinks. This is why countries try to keep their exchange rates low, so their economy doesn't lose the advantage of being cheap.

Could be that I'm missing something(s) though, please correct me when I'm wrong.  ;)
« Last Edit: May 16, 2014, 11:08:24 am by mikesbmw »
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Re: NxT Market Report
« Reply #48 on: May 16, 2014, 11:40:11 am »

It's a weird situation anyway. Think of this:

1 BTC = $500, 1NXT = 0,1 BTC, Company X (worth) = 100 NXT

What happens when 1 BTC = $1000? NXT won't half in value to 1 NXT = 0,05 BTC, that just doesn't happen. Look through the history of the past few months, it simply doesn't, which is weird in itself. Okay, so the Company now is worth DOUBLE the amount in fiat, just by being valued in NXT...

Doesn't seem right heh?

Basic economic principles don't seem to apply (yet) to crypto-economies. They have a dynamic of their own.

In the real world when an exchange rate changes, the currency that looses value gains financial interest and grows, the one that gains value shrinks. This is why countries try to keep their exchange rates low, so their economy doesn't lose the advantage of being cheap.

Could be that I'm missing something(s) though, please correct me when I'm wrong.  ;)
It is the island effect
There is very little trade (relatively speaking) between fiat and NXT
when two economies dont have a path that connects them, price changes in one has little effect on the other

Also the whole artificial managing of fiat currencies to be able to export goods to other countries doesnt seem to apply. Its not like we want to export NXT created farm products into BTC land.

A purely NXT based company will necessarily bounce around in value as BTC and BTC/fiat changes, but maybe its the other way around? Maybe its the fiat that is bouncing and NXT is staying the same?

James
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Re: NxT Market Report
« Reply #49 on: May 16, 2014, 11:50:24 am »



In the real world when an exchange rate changes, the currency that looses value gains financial interest and grows, the one that gains value shrinks. This is why countries try to keep their exchange rates low, so their economy doesn't lose the advantage of being cheap.

Could be that I'm missing something(s) though, please correct me when I'm wrong.  ;)


I think FOREX are very complex. Basically and understanable is that the exchange rate is somehow limited by arbitrage of goods.
E.G. if the price difference between two goods differs more than the transaction costs, people could import/export it and sell/buy in the cheeper/more expensive country.

A fast idea:
So if these assets are listed also in BTC and a price difference will occur. Arbitrage could be made.
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Re: NxT Market Report
« Reply #50 on: May 16, 2014, 11:53:02 am »

Maybe its the fiat that is bouncing and NXT is staying the same?

Thats what I always thought. The bitcoin price is the most stable currency existing. All the other fiat currencies are just pretty unbalanced

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Re: NxT Market Report
« Reply #51 on: May 16, 2014, 11:57:25 am »

It's a weird situation anyway. Think of this:

1 BTC = $500, 1NXT = 0,1 BTC, Company X (worth) = 100 NXT

What happens when 1 BTC = $1000? NXT won't half in value to 1 NXT = 0,05 BTC, that just doesn't happen. Look through the history of the past few months, it simply doesn't, which is weird in itself. Okay, so the Company now is worth DOUBLE the amount in fiat, just by being valued in NXT...

Doesn't seem right heh?

Basic economic principles don't seem to apply (yet) to crypto-economies. They have a dynamic of their own.

In the real world when an exchange rate changes, the currency that looses value gains financial interest and grows, the one that gains value shrinks. This is why countries try to keep their exchange rates low, so their economy doesn't lose the advantage of being cheap.

Could be that I'm missing something(s) though, please correct me when I'm wrong.  ;)

I humbly think you're indeed missing a point.

A company has an intrinsic value, mostly independent from the currency in which it is described. If company A is valued 1 million Nxt today, it would also be worth about $30000.
But what happens if the value of Nxt is multiplied by 10 ? Well, the company won't be worth $300000. Because a company is valued based on its assets and potential. Those could be sold, and if we want to know the value of A, me must not concentrate on how many Nxt it was created with, but what its assets are worth today and how much income it can generate. This value can then be estimated in Nxt, BTC, dollars, or whatever else.

This "problem" has nothing to do with crypto currencies, but with currencies in general. It all works out through market rules as long as no one decides of fixed exchange rates between two currencies or of a fixed price for those assets.
It's what happened to Argentina a couple of months ago with the peso crashing.

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Re: NxT Market Report
« Reply #52 on: May 16, 2014, 12:08:56 pm »

It is the island effect
There is very little trade (relatively speaking) between fiat and NXT
when two economies dont have a path that connects them, price changes in one has little effect on the other

You would assume that people pay more attention at he value (in fiat) of one crypto currency to the other, because everyone (well almost everyone) wants to gain money in fiat.

I just had an argument with a friend and my conclusion was that crypto currencies are no currency, but shares.

If a company gains value (through whatever means), the demand for their shares increases (same as NXT/Bitcoin etc.).
When a currency gains value, people buy less of them and the economy shrinks.

Quote
Also the whole artificial managing of fiat currencies to be able to export goods to other countries doesnt seem to apply. Its not like we want to export NXT created farm products into BTC land.

We export services and technology.

Quote
A purely NXT based company will necessarily bounce around in value as BTC and BTC/fiat changes, but maybe its the other way around? Maybe its the fiat that is bouncing and NXT is staying the same?

It's not the other way around  ;)
Perhaps that time will come, but that's still far far away ((c) Lord Farquaad)  :D
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Re: NxT Market Report
« Reply #53 on: May 16, 2014, 12:19:07 pm »

I humbly think you're indeed missing a point.

A company has an intrinsic value, mostly independent from the currency in which it is described. If company A is valued 1 million Nxt today, it would also be worth about $30000.
But what happens if the value of Nxt is multiplied by 10 ? Well, the company won't be worth $300000. Because a company is valued based on its assets and potential. Those could be sold, and if we want to know the value of A, me must not concentrate on how many Nxt it was created with, but what its assets are worth today and how much income it can generate. This value can then be estimated in Nxt, BTC, dollars, or whatever else.

This "problem" has nothing to do with crypto currencies, but with currencies in general. It all works out through market rules as long as no one decides of fixed exchange rates between two currencies or of a fixed price for those assets.
It's what happened to Argentina a couple of months ago with the peso crashing.
Yes, please, proof me wrong. I like to learn.
Especially in crypto currencies a lot of the economic rules I was taught in school don't seem to apply...

I still don't agree that the normal market rules apply though. I need some more convincing (please!)  ;)
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Re: NxT Market Report
« Reply #54 on: May 16, 2014, 12:35:15 pm »

I humbly think you're indeed missing a point.

A company has an intrinsic value, mostly independent from the currency in which it is described. If company A is valued 1 million Nxt today, it would also be worth about $30000.
But what happens if the value of Nxt is multiplied by 10 ? Well, the company won't be worth $300000. Because a company is valued based on its assets and potential. Those could be sold, and if we want to know the value of A, me must not concentrate on how many Nxt it was created with, but what its assets are worth today and how much income it can generate. This value can then be estimated in Nxt, BTC, dollars, or whatever else.

This "problem" has nothing to do with crypto currencies, but with currencies in general. It all works out through market rules as long as no one decides of fixed exchange rates between two currencies or of a fixed price for those assets.
It's what happened to Argentina a couple of months ago with the peso crashing.
Yes, please, proof me wrong. I like to learn.
Especially in crypto currencies a lot of the economic rules I was taught in school don't seem to apply...

I still don't agree that the normal market rules apply though. I need some more convincing (please!)  ;)

I would start with a general rule : Nowhere, ever, the basic rules of the economy were proved wrong, no even in USSR, where the black market was taking care of that.
Why am I saying this ? Well, because it helps finding reasoning errors. If things don't add up, then we're missing something.

So, if you want me to tell you why a specific market rule seems not to work though it does work, please tell me which one, in which case, and I'll try my best.


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Re: NxT Market Report
« Reply #55 on: May 16, 2014, 01:18:48 pm »

I humbly think you're indeed missing a point.

A company has an intrinsic value, mostly independent from the currency in which it is described. If company A is valued 1 million Nxt today, it would also be worth about $30000.
But what happens if the value of Nxt is multiplied by 10 ? Well, the company won't be worth $300000. Because a company is valued based on its assets and potential. Those could be sold, and if we want to know the value of A, me must not concentrate on how many Nxt it was created with, but what its assets are worth today and how much income it can generate. This value can then be estimated in Nxt, BTC, dollars, or whatever else.

This "problem" has nothing to do with crypto currencies, but with currencies in general. It all works out through market rules as long as no one decides of fixed exchange rates between two currencies or of a fixed price for those assets.
It's what happened to Argentina a couple of months ago with the peso crashing.
Yes, please, proof me wrong. I like to learn.
Especially in crypto currencies a lot of the economic rules I was taught in school don't seem to apply...

I still don't agree that the normal market rules apply though. I need some more convincing (please!)  ;)

I would start with a general rule : Nowhere, ever, the basic rules of the economy were proved wrong, no even in USSR, where the black market was taking care of that.
Why am I saying this ? Well, because it helps finding reasoning errors. If things don't add up, then we're missing something.

So, if you want me to tell you why a specific market rule seems not to work though it does work, please tell me which one, in which case, and I'll try my best.
I'm starting to see where my reasoning is wrong from your example.
But still:

What happens when someone bought a share on the AE for 10nxt. That would equal $0.35 now.
NXT rises tenfold. That person sells the share. Do you think he would ask 1nxt for it? My guess is: no way.
That would mean that the market cap of that company would increase solely through the rising of the currency it is expressed in  ???

To me that seems ridiculous, because I value the things I buy in the currency that is of most use to me (euro or dollar).

Perhaps I need a good night's sleep  :-\
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Re: NxT Market Report
« Reply #56 on: May 16, 2014, 01:41:14 pm »


What happens when someone bought a share on the AE for 10nxt. That would equal $0.35 now.
NXT rises tenfold. That person sells the share. Do you think he would ask 1nxt for it? My guess is: no way.
That would mean that the market cap of that company would increase solely through the rising of the currency it is expressed in  ???

that would be as I see it aswell.

If you want to get money out of NXT and think it will rise in price, you should not use the Asset Exchange to convert them into Assets.
Otherwise if you think those Assets could be worth more than the actual price, then you should buy them.

If nxt raises in value, the asset should logically be worth less nxt. Else the price would be a simple blowup, or not?

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Re: NxT Market Report
« Reply #57 on: May 16, 2014, 01:49:10 pm »

I'm starting to see where my reasoning is wrong from your example.
But still:

What happens when someone bought a share on the AE for 10nxt. That would equal $0.35 now.
NXT rises tenfold. That person sells the share. Do you think he would ask 1nxt for it? My guess is: no way.

This is where you're wrong, imo. If I spend 50 Nxt today for an apple, and Nxt is multiplied by 100 overnight, I won't be able to sell my apple 50 Nxt tomorrow.
It's the value of Nxt which increased, because it offers more services to its users. But the apple's value hasn't changed one bit, it won't feed any more that the day before.

Let me take another example : Anon's silver. Let's suppose I buy 1 token of Anon's silver asset. That's the equivalent of 1 troy ounce of .999 silver.
At today's price, it's almost $20. Let's round it to 600 Nxt.
And let's wait one full year. Nxt will be worth $10 (yeah, right... ;)). If then I try to sell my 1 token for 600 Nxt, nobody will buy it. People would rather cash out their 600 Nxt, obtain $6000, then buy 300 troy ounces of silver at market price (provided the troy ounce of silver is still at about $20)
And what if, in the meantime, the dollar crashes because the Fed goes on with its stupid politics ? Let's imagine its price on the market is halved. Today, you can get $1 with 0.73€. But then, it would be worth only 0.36€.
In this case, you can bet that, speculation apart, the value in dollars of a troy ounce would have doubled (=$40) but would still be worth 14.6€, all other things being equal.
So... How much is a troy ounce of silver worth ?
Now, I would say 600 Nxt, $20, or 14.6€, whichever.
And in one year from now, if the dollar crashes as described and the value of Nxt increases to $10, I would say a troy ounce would cost 4 Nxt, $40, or 14.6€.

Quote
That would mean that the market cap of that company would increase solely through the rising of the currency it is expressed in  ???
Clearly not. As I said, the market cap of a company is linked to its intrinsic value, not the one of the currency with which it is described.

Quote
To me that seems ridiculous, because I value the things I buy in the currency that is of most use to me (euro or dollar).
Not exactly. You value things in the currency you trust most, therefore use most.
If the dollar starts crashing, you'll stop thinking in dollars because it would stop being a reference.

Quote
Perhaps I need a good night's sleep  :-\
Never hurts :D


What happens when someone bought a share on the AE for 10nxt. That would equal $0.35 now.
NXT rises tenfold. That person sells the share. Do you think he would ask 1nxt for it? My guess is: no way.
That would mean that the market cap of that company would increase solely through the rising of the currency it is expressed in  ???

that would be as I see it aswell.

If you want to get money out of NXT and think it will rise in price, you should not use the Asset Exchange to convert them into Assets.
Otherwise if you think those Assets could be worth more than the actual price, then you should buy them.

If nxt raises in value, the asset should logically be worth less nxt. Else the price would be a simple blowup, or not?

Nope. When you buy an asset with Nxt, Nxt is only a temporary value carrier. Once the exchange is made, you own an asset, not Nxt. To take the same example again, my 1 token of silver, once bought with 600 Nxt, can be sold $20. It's not exchangeable in Nxt only, that would be a very good way to kill the AE right from the start.
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Re: NxT Market Report
« Reply #58 on: May 16, 2014, 01:56:37 pm »

Interesting... and a complicating factor is that different companies will hold different amounts of NXT in reserve at different times, thereby impacting their fiat-exchange value. Some will choose to hedge by converting a proportion to fiat, some will not.
It strikes me that in the interests of transparency, it would be good practice for companies to state what currencies they are holding their reserves in.
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Re: NxT Market Report
« Reply #59 on: May 16, 2014, 02:00:13 pm »

Interesting... and a complicating factor is that different companies will hold different amounts of NXT in reserve at different times, thereby impacting their fiat-exchange value. Some will choose to hedge by converting a proportion to fiat, some will not.
It strikes me that in the interests of transparency, it would be good practice for companies to state what currencies they are holding their reserves in.
That is already what they're supposed to do. The Enron scandal is all about hiding this kind of stuff.
To be properly valued, a company must state what it owns, including currencies.
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Re: NxT Market Report
« Reply #60 on: May 16, 2014, 03:00:43 pm »

Interesting... and a complicating factor is that different companies will hold different amounts of NXT in reserve at different times, thereby impacting their fiat-exchange value. Some will choose to hedge by converting a proportion to fiat, some will not.
It strikes me that in the interests of transparency, it would be good practice for companies to state what currencies they are holding their reserves in.
That is already what they're supposed to do. The Enron scandal is all about hiding this kind of stuff.
To be properly valued, a company must state what it owns, including currencies.

I meant, specifically, companies listed on the AE, which aren't subject to normal regulation!
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Re: NxT Market Report
« Reply #61 on: May 16, 2014, 05:23:39 pm »

So if I followed right, then that means it would be silly to buy any asset with NXT, unless I expect it to outpace NXT.
Some companies are quite tied to NXT, then it might work out. But silver for example is not to be expected to explode in value. Rather it would be a hedge for the case that NXT collapses.

It gets more complicated if I expect a company to keep the NXT it got from selling it's shares. Then the value of the company rises - but we typically don't have this information about the current enterprises that issued.

Overall it seems quite a bad deal then. Should NXT tenfold in value, I lost out unless the company I invested in also tenfolded. Should NXT totally crater, then I can expect most companies to crater too as they depend on the environment.
Downsides at both ends?
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Re: NxT Market Report
« Reply #62 on: May 16, 2014, 05:32:09 pm »

So if I followed right, then that means it would be silly to buy any asset with NXT, unless I expect it to outpace NXT.
Some companies are quite tied to NXT, then it might work out. But silver for example is not to be expected to explode in value. Rather it would be a hedge for the case that NXT collapses.

It gets more complicated if I expect a company to keep the NXT it got from selling it's shares. Then the value of the company rises - but we typically don't have this information about the current enterprises that issued.

Overall it seems quite a bad deal then. Should NXT tenfold in value, I lost out unless the company I invested in also tenfolded. Should NXT totally crater, then I can expect most companies to crater too as they depend on the environment.
Downsides at both ends?
If NXT goes up tenfold in value and the asset represents a purely NXT oriented revenue/profit stream,then the asset will have kept pace, even if its NXT price hasnt changed.

I think the thing to do is analyze the asset's inputs and outputs and if it is all in NXT, then there is no issue here. In fact in the presences of a tenfold increase assumption, it is pretty safe to assume business is doing very well and it will have increased it profits. In that case, the asset would have been better than NXT

Now if the asset represents a business that isnt purely NXT based, then the NXT changing in price needs to be taken into account. There is no universal way to analyze this as each asset is different.

Certainly if NXT implodes, then it is likely the asset will not do well either. So the opposite is a reasonable assumption to. What this means is that if you purchase an asset at its fair market value, it acts as sort of a leveraged bet on NXT. if you purchased above fair market price, then you can still do well, but the odds are against you. So, the best case scenario is to purchase a pure NXT oriented asset that is undervalued and then have NXT go up tenfold

James
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Re: NxT Market Report
« Reply #63 on: May 16, 2014, 05:50:14 pm »

jl777: This make sense to me too.

Maybe asset list should mention if the business is:
  • Based on NXT. For people who don't want to lose Nxt train.
  • Not based on NXT. As a escape plan from NXT or speculations. Silver could work now instead of fiat.
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Re: NxT Market Report
« Reply #64 on: May 16, 2014, 09:23:27 pm »

And we are heading North again on BTER
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Re: NxT Market Report
« Reply #65 on: May 16, 2014, 09:50:00 pm »

NXT on DGEX still below 8000 sat!! 7775 sat to be exact! minimal 100K below 8000 sat left!

Don't forget DGEX!
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Re: NxT Market Report
« Reply #66 on: May 16, 2014, 11:10:52 pm »

I bought some there. They are still not credited in my personal acount.. Sorry but market has jugded.
DGEX imho is out.
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Re: NxT Market Report
« Reply #67 on: May 17, 2014, 08:40:15 am »

I bought some there. They are still not credited in my personal acount.. Sorry but market has jugded.
DGEX imho is out.
On weekdays it takes them at least 12 hours, during weekends it takes longer.

Still better than Cryptsy though  ;)
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Re: NxT Market Report
« Reply #68 on: May 17, 2014, 09:58:04 am »

Today's market caps ratios :



Looks like Dogecoin is well behind.
Ripple and Darkcoin are decreasing after their recent rocket rises.
Mastercoin keeps on decreasing.

And Nxt... Well, we're doing really good. :D

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Re: NxT Market Report
« Reply #69 on: May 17, 2014, 10:56:44 am »

Not, that I am an expert on that field. But I got a question:

Why looking at the history? Do you expect to see the future there?
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Re: NxT Market Report
« Reply #70 on: May 17, 2014, 11:13:18 am »

some people do  :-\

But they are not totally wrong:
- some tendancies can be found in the charts
- if all traders on a market use technical analysis, they will tend to take the same decisions at the same time. So the market can be predicted in a certain manner.
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Re: NxT Market Report
« Reply #71 on: May 17, 2014, 11:25:48 am »

Not, that I am an expert on that field. But I got a question:

Why looking at the history? Do you expect to see the future there?

Yes, that's the whole point of studying history.
It gives perspective. A dot in space tells a lot less than a line.

From this kind of charts, I can easily tell that bitcoin and litecoin values are closely linked. That means there's no need in diversifying in Litecoin. Might as well buy Bitcoins.
From this specific chart, we can notice a sudden rise in Nxt around the 9th of May. We all know that's 2 days before AE. So that's the most likely explanation. But what about Ripple's rise around the 14th ? and Darkcoin's from the 15th to the 16th ?
Understanding this allows to get an idea of the whole picture. If you're only into Nxt and you put everything you had in this project, that might not matter to you.
But I, on the contrary, am an investor. I need to know how my investments are doing compared to others. I can also evaluate my overall risk with this kind of data. For example, I see that all of these coins values are quite related to bitcoin's. Look at the dotted line. It moves up and down without affecting much the other lines. This means that whenever bitcoin's value changes, all of the coins value move accordingly. That's not good at all for diversification. So from an investor's point of view, cryptos are to be seen as similar investments, and if I want to diversify, I should go to something else, like stock market, funds, metals, buildings, or art. At least for now. This may change. How would I know ? By looking at those charts.
It may change, for example, the day there's a direct dollar-to-Nxt exchange.



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Re: NxT Market Report
« Reply #72 on: May 17, 2014, 11:40:34 am »

Thank you. That makes sense.

So, you are not going to forecast the future but rather to reduce the risk in loosing too much of your investment.
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Re: NxT Market Report
« Reply #73 on: May 17, 2014, 12:10:32 pm »

Thank you. That makes sense.

So, you are not going to forecast the future but rather to reduce the risk in loosing too much of your investment.

That's the idea : Get the best performance for a given risk, or the opposite : get the lowest risk for a given performance.
But don't expect me to tell you what Nxt will be worth in a week from now... :D

Moreover, these charts are just one element of a larger picture...
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Re: NxT Market Report
« Reply #74 on: May 17, 2014, 01:58:41 pm »

Another thought on the effect of the AE on the NXT economy:
DotsforBits is seeking funding in other crypto, as well as NXT. Presumably many other companies will do the same. If they convert to NXT (because they trade on the AE, so shares are denominated in NXT) this will create huge upward pressure on the price. DfB alone are seeking ~$340k. That's an immense amount to add to a cryptocurrency with a market cap of $40 million (bearing in mind that the effect will have a vastly larger effect than turning that into a $4,340,000 market cap).
Is this something to welcome or be concerned about?
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Re: NxT Market Report
« Reply #75 on: May 17, 2014, 02:07:37 pm »

I was just thinking, that some AE assets are accumulating some crazy amount of Nxt. We need a much larger market cap, before james has control over 90% of all Nxt. :)
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Re: NxT Market Report
« Reply #76 on: May 17, 2014, 02:09:12 pm »

Yeah, and with that much NXT, he can pump and dump a lot of altcoins in the near future ;D
« Last Edit: May 17, 2014, 02:12:22 pm by bitcoinpaul »
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Re: NxT Market Report
« Reply #77 on: May 17, 2014, 02:11:28 pm »

Yeah, but with that much NXT, he can pump and dump a lot of altcoins ;D
Honestly that's why I bought in to sharkfund. With this much funding, some fun thinks can be done. :)
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Re: NxT Market Report
« Reply #78 on: May 17, 2014, 03:04:22 pm »

Yeah, but with that much NXT, he can pump and dump a lot of altcoins ;D
Honestly that's why I bought in to sharkfund. With this much funding, some fun thinks can be done. :)

I was thinking, all these NXT that goes into the bought assets.

It depends on the asset if this NXT will be liquidated?

Like some company IPO's will dump the NXT for $
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Re: NxT Market Report
« Reply #79 on: May 17, 2014, 06:26:18 pm »

That's the idea : Get the best performance for a given risk, or the opposite : get the lowest risk for a given performance.
But don't expect me to tell you what Nxt will be worth in a week from now... :D

Moreover, these charts are just one element of a larger picture...

That is what I meant. I saw several people trying to 'estimate' the future value of Nxt. I do not know where they take their numbers from but I find it ridiculous as there is no rational basis for it. One cannot predict the future.
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Re: NxT Market Report
« Reply #80 on: May 17, 2014, 06:39:49 pm »

That's the idea : Get the best performance for a given risk, or the opposite : get the lowest risk for a given performance.
But don't expect me to tell you what Nxt will be worth in a week from now... :D

Moreover, these charts are just one element of a larger picture...

That is what I meant. I saw several people trying to 'estimate' the future value of Nxt. I do not know where they take their numbers from but I find it ridiculous as there is no rational basis for it. One cannot predict the future.
I have been able to create SVM based forex predictors that are ~85% to 90% correct for a 2 hour forward price
http://en.wikipedia.org/wiki/Support_vector_machine

smaller timeframes are much less predictable, though even 30 minute ahead can get decent performance

It isnt exactly predicting the future as there is noise in the output signal, but if you have enough historical data, properly process it and create a predictor based on millions of such inputs, it is possible to get a much better than random prediction of the future.

The longer the timeframe goes from 2 hours, the more likely some large external factor (whale) will change things so while the accuracy of 75% or so is comforting, when it is wrong, it is really wrong. I have settled on the 2 hour timeframe as the best tradeoff between the chaos of 5 minute timeframes and minimizing large external event.

Now crypto doesnt have anywhere near the historical database so any predictor will necessarily be highly curve fitted and much less useful for actual prediction. I used 5 year+ datasets for my forex predictors.

I had finally achieved realtime verified breakeven results using an autobot. Overcome the bid/ask spread, commissions is actually quite an achievement. It was just the first iteration of the complete system. Then I discovered crypto, so it has been on hold for 5 months.

James

Edit: I am so backlogged with other projects I wont have a chance to push forward on the SVMcoin for a while. I am hopeful that there is an adventurous C programmer that will want to help predict the future
« Last Edit: May 17, 2014, 06:41:40 pm by jl777 »
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Re: NxT Market Report
« Reply #81 on: May 17, 2014, 06:55:51 pm »

James, can you clarify something?
Many businesses will generate profits in bitcoin and other crypto, as well as NXT (NXThaus being one). But dividends will be paid in NXT. Thus bitcoins will be sold for NXT, the result being a flow of capital into NXT and out of other cryptos.
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Re: NxT Market Report
« Reply #82 on: May 17, 2014, 07:01:33 pm »

James, can you clarify something?
Many businesses will generate profits in bitcoin and other crypto, as well as NXT (NXThaus being one). But dividends will be paid in NXT. Thus bitcoins will be sold for NXT, the result being a flow of capital into NXT and out of other cryptos.
Why do you assume dividends will be in NXT?
For example NXTcoinsco will issue dividends in nodecoin, SVMcoin, bannercoin, etc.
NXTventure issues dividends that are assets of its offerings
NXThaus can issue dividends in BTC asset or even USD asset!

NXT AE is truly fantastic. I dont think most people understand all the possibilities. I am trying to demonstrate by example the variety possible with AE. It can be a proxy for BTC or any external crypto. I can be a coin like nodecoin or MIC! It can represent an operating company. It can represent a portfolio of other assets. I can represent a managed trading fund. It can represent call options, put options, butterfly spreads, etc. etc. Dont forget real world representations, eg. donut assets and pizza assets. Its time for lunch!

James
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Re: NxT Market Report
« Reply #83 on: May 17, 2014, 07:03:28 pm »

Ok, cool. Just hadn't read that into the IPOs I've seen.
However, it's worth thinking about...
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Re: NxT Market Report
« Reply #84 on: May 17, 2014, 07:07:40 pm »

...
It can represent a portfolio of other assets. I can represent a managed trading fund. It can represent call options, put options, butterfly spreads, etc. etc. Dont forget real world representations, eg. donut assets and pizza assets. Its time for lunch!

James

Will we be able to short commodities (like BTC or LTC) with the AE?  All of crypto seriously needs a way to short crypto-coins.  The closest thing I've seen to such an implementation is on (cough) mcxNOW.  Over there you can buy mcxBUX, which a bot on the site tries to keep near 1 USD in value.  Since trading is in BTC, you can "short" BTC by investing in mcxBUX.  Just cash out the bux when you think BTC is at it's bottom and profit!

I know this isn't real market shorting but if the AE could do that then that would be HUGE.
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Re: NxT Market Report
« Reply #85 on: May 17, 2014, 07:12:58 pm »

...
It can represent a portfolio of other assets. I can represent a managed trading fund. It can represent call options, put options, butterfly spreads, etc. etc. Dont forget real world representations, eg. donut assets and pizza assets. Its time for lunch!

James

Will we be able to short commodities (like BTC or LTC) with the AE?  All of crypto seriously needs a way to short crypto-coins.  The closest thing I've seen to such an implementation is on (cough) mcxNOW.  Over there you can buy mcxBUX, which a bot on the site tries to keep near 1 USD in value.  Since trading is in BTC, you can "short" BTC by investing in mcxBUX.  Just cash out the bux when you think BTC is at it's bottom and profit!

I know this isn't real market shorting but if the AE could do that then that would be HUGE.
I can design an AE asset that allows shorting (or at least a pretty similar ROI profile), but people have complained I am making too many assets so I am not sure I should...

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Re: NxT Market Report
« Reply #86 on: May 17, 2014, 10:55:27 pm »

No such thing as too many assets. 
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Re: NxT Market Report
« Reply #87 on: May 18, 2014, 11:49:14 am »

Today's market ratios.



Nxt seems to be well established ahead of Doge, hopefully forever behind.
We've found with Peercoin a bit, but fell behind.
Major rise anyway. Of the top 12, the only noticeable rise, actually.


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Re: NxT Market Report
« Reply #88 on: May 18, 2014, 03:13:52 pm »

Nice analysis DoM P. Thats a very informative way to follow the evolution of the various cryptos relative to each other which I haven't seen before. When you first posted I didn't have time to properly understand what you were plotting there but I see it now.

Great stuff - keep posting !
« Last Edit: May 18, 2014, 03:19:47 pm by lightspeed »
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Re: NxT Market Report
« Reply #89 on: May 18, 2014, 03:30:02 pm »

From what I see is that Peercoin is bloody stable.
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Re: NxT Market Report
« Reply #90 on: May 19, 2014, 12:05:06 am »

Many of us cannot access dgex.com,but we can ping dgex.com and it responds successfully.We cannot access since the last maintence of dgex.com about half a month ago.Someone accessed dgex through vpn or proxy.But when they withdraw,it is suspended for several days for dgex's safety protection because they accessed from diffrent ip.So someone dbout that dgex will run away.I donnot think so.Gravity is responsible and respectable. He did a lot for NXT.Gravity  meet some technology problem,so we can ping but cannot access dgex.com.Please help him to solve the problem,thank you!
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Re: NxT Market Report
« Reply #91 on: May 19, 2014, 06:57:13 am »

Today's market ratios.

Hey DoM P, could you do the graph also over a longer period, maybe the last few months?
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Re: NxT Market Report
« Reply #92 on: May 19, 2014, 07:00:50 am »

Today's market ratios.

Hey DoM P, could you do the graph also over a longer period, maybe the last few months?
I would gladly do so, but I don't know where to get the data from.
The way I do it know is to make a web query from Excel every day to obtain the current data.

But if someone knows how I can get historic data, no prob.
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cc001

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Re: NxT Market Report
« Reply #93 on: May 19, 2014, 09:03:14 am »

Today's market ratios.

Hey DoM P, could you do the graph also over a longer period, maybe the last few months?
I would gladly do so, but I don't know where to get the data from.
The way I do it know is to make a web query from Excel every day to obtain the current data.

But if someone knows how I can get historic data, no prob.

I'm not sure what data exactly it is, but here you get some historical data:
http://coinmarketcap.northpole.ro/api/v4/graphs.json

I read here http://www.reddit.com/r/litecoin/comments/1x7t79/coinmarketcapcom_data_as_json_http_api/ something about 30 days, but I think that is not correct, I think it is only the last 7 days (the timestamps in that data indicate that) :(
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Re: NxT Market Report
« Reply #94 on: May 19, 2014, 10:28:44 am »

I'm not sure what data exactly it is, but here you get some historical data:
http://coinmarketcap.northpole.ro/api/v4/graphs.json

I read here http://www.reddit.com/r/litecoin/comments/1x7t79/coinmarketcapcom_data_as_json_http_api/ something about 30 days, but I think that is not correct, I think it is only the last 7 days (the timestamps in that data indicate that) :(
I'll look into that, but I'm unsure of the results...

Anyways... Today's market ratios :


Ripple has gone back to the point it was at when there was a sudden rise 5 days ago. Pump and dump ?
Nxt is about to do the same, and might very well go back below Doge.
Darkcoin, on the other hand, is gaining momentum after yesterday's little pause. I'm quite happy I bought some of it. :D
Mastercoin is still falling slowly.

Attention, if today's curves go on like this tomorrow, Darkcoin will be #5, Doge #6, and Nxt #7.
For those wondering if anonymity is a must or not, there might be an answer in the above chart...

Today a little special :



I don't know if this is a long term trend, because I'm lacking historical data. BUT, 2 lessons here :
1. There is a clear downward trend
2. Bitcoin and Litecoin are big and little brothers, much more than any other coin we can see in the previous chart.
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Re: NxT Market Report
« Reply #95 on: May 19, 2014, 10:43:02 am »

nice work mate.
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Re: NxT Market Report
« Reply #96 on: May 20, 2014, 12:44:40 am »

Good analysis. Good Post.

THANKS.

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Re: NxT Market Report
« Reply #97 on: May 20, 2014, 10:33:22 am »

Thanks for the encouragements, guys.

Here's today's evolution :



So we fell back under Doge...
Darkcoin is playing roller coaster :D

Please note a sudden rise in the total amount of market capitalization. Bitcoin is at $454 now. That will probably have an effect on other currencies.

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Re: NxT Market Report
« Reply #98 on: May 20, 2014, 01:42:37 pm »

I'm not sure what data exactly it is, but here you get some historical data:
http://coinmarketcap.northpole.ro/api/v4/graphs.json

I read here http://www.reddit.com/r/litecoin/comments/1x7t79/coinmarketcapcom_data_as_json_http_api/ something about 30 days, but I think that is not correct, I think it is only the last 7 days (the timestamps in that data indicate that) :(
Sorry, cc001, I just can't seem to figure out how get some info out of this data.
It looks like this :
{"Bitcoin":[[1399987571000.0,5602852902.5598755],[1399998385000.0,5601958111.780193],[1400009167000.0,5614938359.595017],[1400019967000.0,5623095643.08557],[1400030768000.0   ...
And this for every coin... There seem to be 2 numbers between brackets, the second one being the market cap. Can figure out what the first is, can't find timestamp, can't find volume, etc.

If someone can enlighten me. Alternatively, tell me how to obtain historical data another way.
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Re: NxT Market Report
« Reply #99 on: May 20, 2014, 01:46:05 pm »

I'm not sure what data exactly it is, but here you get some historical data:
http://coinmarketcap.northpole.ro/api/v4/graphs.json

I read here http://www.reddit.com/r/litecoin/comments/1x7t79/coinmarketcapcom_data_as_json_http_api/ something about 30 days, but I think that is not correct, I think it is only the last 7 days (the timestamps in that data indicate that) :(
Sorry, cc001, I just can't seem to figure out how get some info out of this data.
It looks like this :
{"Bitcoin":[[1399987571000.0,5602852902.5598755],[1399998385000.0,5601958111.780193],[1400009167000.0,5614938359.595017],[1400019967000.0,5623095643.08557],[1400030768000.0   ...
And this for every coin... There seem to be 2 numbers between brackets, the second one being the market cap. Can figure out what the first is, can't find timestamp, can't find volume, etc.

If someone can enlighten me. Alternatively, tell me how to obtain historical data another way.

The first one is a unix timestamp, just remove the "000.0" at the end. http://www.onlineconversion.com/unix_time.htm
1399987571 -> "Tue, 13 May 2014 13:26:11 GMT"
So, I think these are only the last 7 days...
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Re: NxT Market Report
« Reply #100 on: May 20, 2014, 04:02:43 pm »

Doge is rising..NXT stable around 8000 sat.

Good price to buy NXT now imo.

Nxtstory coming out anyday.

Bought some more at DGEX for 7950 sat and my NXT withdrawal actually got through pretty quick
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Re: NxT Market Report
« Reply #101 on: May 21, 2014, 08:04:29 am »

Snatched some NXT at 7750 sat on http://dgex.com ! Almost gone

No NXT fees for withdrawals (do take long though)

Only thing I like about DGEX atm :D
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Re: NxT Market Report
« Reply #102 on: May 21, 2014, 10:20:19 am »

Today is interesting. Bitcoin skyrockets. So... How do altcoins react ?
I changed the format of my charts, so what's happening is more obvious.



We can see a sudden rise not only of Bitcoin's market cap, but also of its ratio over the top 12 crypto coins (Last three days : 91.41%, 91.60%, 91.82%)
Litecoin doesn't follow its big brother, on the contrary.
That's where my charts come in handy. Here's what we can see from Coinmarketcap :


Bitcoin on top, Litecoin under, naturally. Both are rising. But on my top chart we can see Litecoin's market cap ratio crashing.
So, what's happening ?
The answer is in the second chart : Ripple, PeerCoin, Nxt, and Darkcoin are pulling it off. So it looks like the market shares Litecoin is losing go to bitcoin plus those 4 altcoins. Quite good for us, I would say.
Maybe the current 51% hashing power problem with Litecoin starts worrying ?

Dunno about you, but I find this very entertaining... :D

I would love to see Lightspeed's comments on this...
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Re: NxT Market Report
« Reply #103 on: May 21, 2014, 10:23:44 am »

Maybe the current 51% hashing power problem with Litecoin starts worrying ?
+1

Dunno about you, but I find this very entertaining... :D
+1

I would love to see Lightspeed's comments on this...
+1

-> full ack to your post ;)
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Re: NxT Market Report
« Reply #104 on: May 21, 2014, 02:17:56 pm »

I think what your graph might be picking up is this big red bar from the 1-week BTC-LTC market. (Note the very long timescale on this chart. It's not a day trading chart buy can be useful for assessing very long term trends).

Possibly 2 things going on:

[1] - a straight swap, LTC for BTC. BTC-e traders are THE mass liquidity traders. The BTC-LTC market is one ofthe biggest - if not the biggest - in crypto (which is why BTC-e don't bother with any other alts). If they decide to dump one and pick up the other it does cause a bit of an earthquake.

[2] - agree with you about the other top 10 eating into Litecoin's number 2 position. In this regards, NTX is doing its usual thing - ramps up its market cap when something new gets launched, but the real dark horse is Darkcoin if you'll "pardon the pun". It is a genuine hedge for Bitcoin and is being bought for different reasons than NXT I think (i.e. as a hedge against bitcoin's overtly transparent blockchain becoming a problem).

We might be seeing the death of Litecoin as bitcoin's number 2. I don't know, but it sure looks like being a bit of a no-coming-back death spiral right now from the charts unless it bottoms out in the next couple of months.


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Re: NxT Market Report
« Reply #105 on: May 21, 2014, 03:34:14 pm »

thank you for your analysis market.
 8) 8)

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Re: NxT Market Report
« Reply #106 on: May 21, 2014, 03:42:25 pm »

I'm not sure if this would affect anything or if it's coincidence, but Litecoin has all these new ASIC miners coming on line right now.  Mining & dumping?
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Re: NxT Market Report
« Reply #107 on: May 21, 2014, 09:57:53 pm »

I imagine that the miners will become more and more an issue. New coins have to be ready to be mined by supermassive moving pools one day, and then by next to none the other. I don't see much reason for miners to stick to Bitcoin if there is more money be made elsewhere. Maybe loyalty - but fresh coins wont have that benefit. They will be left in the dust.
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Re: NxT Market Report
« Reply #108 on: May 22, 2014, 10:05:45 am »

Thanks lightspeed for your report.

Market analysis is quite fun these days...

To start with, let's see today's charts



Yesterday's trend keeps going on, Bitcoin rises, Litcoin doesn't keep up and loses market shares
But today we can see quite a few big changes :
1. People start to see Ripple as a rip-off. Or it does look like it. It just lost its #3 slot
2. Peercoin, without doing anything more than maintaining its level, took that spot.
3. Darkcoin goes on with its roller coaster game, passed Doge and Nxt and is in the process of passing Ripple too. Darkcoin #5 today. If this goes on, it'll pass Ripple, then fall back behind Nxt in a couple of days ; it then will pass us again to take the #3 slot within 5 days. Naturally, this is highly speculative, and anything can happen.
4. Doge is now #6. I think it is time to get rid of my Doge. Will buy Nxt with it.
5. Maidsafecoin just went off the top 12 chart. Say high to Counterparty. Anyone knows who's the new guy and what it's worth ?

Something else to show, taken from Coinmarketcap charts :




The first one is Darkcoin's evolution over the last 90 days.
The second is Blackcoin's evolution over the past 180 days. Note : There are plenty of coins showing this exact same evolution.

Is there something coming with Darkcoin ?
Should holders bail out now or are the specifications of Darkcoin good enough to handle this ?

In any case, it does look like anonymity is not just an option anymore...
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Re: NxT Market Report
« Reply #109 on: May 22, 2014, 01:51:04 pm »

Yesterday's trend keeps going on, Bitcoin rises, Litcoin doesn't keep up and loses market shares
But today we can see quite a few big changes :
1. People start to see Ripple as a rip-off. Or it does look like it. It just lost its #3 slot

Is that a fact? Based on anything?

I like your analysis, it's interesting. But what is cool about the ones by lightspeed is that there is not much speculation there. I mean, of course some - but careful ones. Mostly they analyze the facts.

Ripple has been decried as rip-off from the start. Why is it dropping today?
Ripple can just have attracted speculators that want to game noobs, and then left. Or any other random market movement.

Quote
3. Darkcoin goes on with its roller coaster game, passed Doge and Nxt and is in the process of passing Ripple too. Darkcoin #5 today. If this goes on, it'll pass Ripple, then fall back behind Nxt in a couple of days ; it then will pass us again to take the #3 slot within 5 days. Naturally, this is highly speculative, and anything can happen.

Yeah, I think "anything can happen" is the most accurate :D.
My suspicion is that PPC and LTC are losing investors because of the long drop. That's quite a lot of money that was locked up there, and they are now searching for a new horse to bet on. So fundamentals don't matter that much.

Darkcoin is an odd one anyways. Like you say too - can't imagine that the recent rises is based on real features. If I care about privacy, then I can use bitcoin, and send my coins back and forth from Dark any time. If it was just speculators pumping, then there is not much cash to make anymore from DRK, so they'll  move on.
Last time DRK dipped, NXT did the jump. May happen again, and will not be sustainable for NXT either.
Compared to NXT, DRK has the advantage of being easily added to exchanges. That might be one reason it has seen more action than NXT.
Ok with me - I like it slow :D
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Re: NxT Market Report
« Reply #110 on: May 22, 2014, 01:53:30 pm »

Ripple has been decried as rip-off from the start. Why is it dropping today?

Here's why: https://xrptalk.org/topic/2629-selling-my-xrp/
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Re: NxT Market Report
« Reply #111 on: May 22, 2014, 03:23:58 pm »

Paraphrasing what I've heard for 3 years...

Quote
Ripple is a scam.

I've said for a long time two things.  1, Ripple has been very open about what they are and what they do-- ergo, it's hard to call them as a "scam" when they have been fully honest.  2, Ripple is the most centralized crypto I have ever seen.  OpenCoin controls Ripple, so much so, that they can even rollback transactions at their choosing.  The engineers of Ripple have done amazing work.  I dug into their code when it went open source and I was far more than impressed.  It was clean, good, solid... from a design perspective, it was was organized just as I wish BTC's code had been organized.

BUT, there biggest flaw is their approach to crypto.  The "promise" of crypto is that decentralized currency can exist and the hope is that no, one entity will control the creation and distribution of money.  Many of us consider this to be a much needed function of modern, evolving currency.  Ripple/OpenCoin took control of all of those functions and generated what is essentially a "corporate coin" rather than a decentralized one.

If you appreciate this approach, then Ripple is for you and you should consider it an exceptional investment.  In fact, if you like that approach, then you should be buying while everyone is selling.  Seriously.

However,  if you think this is everything against what crypto-currencies stand for, then Ripple is public-enemy #1.  The success of such a coin will only diminish the message of decentralization, what it can do and why it's important.

When it was first released, I took my free 25,000 and sold them, happily, to someone on BTT for .25 BTC.  I don't regret it one bit because I don't want to deal with, or support this organization.  And, to be clear, that what Ripple is-- an Organization and not a community.

I disagree with them as a matter of principle and, as such, I avoid trading them.  Sure, I could still profit off of XRP, but we all have our standards.  I can easily profit off of the other top 5-10 coins and leave this one out.
« Last Edit: May 22, 2014, 03:40:29 pm by rlh »
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Re: NxT Market Report
« Reply #112 on: May 22, 2014, 03:29:09 pm »

Yesterday's trend keeps going on, Bitcoin rises, Litcoin doesn't keep up and loses market shares
But today we can see quite a few big changes :
1. People start to see Ripple as a rip-off. Or it does look like it. It just lost its #3 slot

Is that a fact? Based on anything?
I wouldn't go as far as calling this a fact. Indeed, I used the words "Or it does look like it"


Quote
Ripple has been decried as rip-off from the start. Why is it dropping today?
Ripple can just have attracted speculators that want to game noobs, and then left. Or any other random market movement.

Please note I said "People start to see Ripple as a rip-off" and not "Ripple is a rip-off".
And you seem to agree with me : "Ripple has been decried as rip-off from the start"
;)

I try to be careful in my analysis, sorry if I failed...

Anyway, achim pointed to the probable true reason why Ripple is crashing now.

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Re: NxT Market Report
« Reply #113 on: May 22, 2014, 03:38:11 pm »

Ripple had a recent bump from this news, not sure how legit it is or what the future potential means for it. 

http://www.coindesk.com/fidor-becomes-first-bank-to-use-ripple-payment-protocol/
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Re: NxT Market Report
« Reply #114 on: May 22, 2014, 03:43:44 pm »

Ripple had a recent bump from this news, not sure how legit it is or what the future potential means for it. 

http://www.coindesk.com/fidor-becomes-first-bank-to-use-ripple-payment-protocol/
The hype about ripple's payments being lower cost needs an asterisk
the reality is that even the large BTC/XRP market is not very liquid. Not only do you get to pay bitstamp 0.2% everytime you trade or even send it, you get bid/ask spreads of 5% or even more at times

without liquidity, it is actually quite useless as a platform for sending money.
when I tried to raise this issue, they admit it but they dont do anything about it
so when grandpa sends some money using ripple expecting to have lower costs and ends up paying 50% more in costs, it will be sad grandpa

Maybe I was too vocal and that is why ripple didnt want me?
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Re: NxT Market Report
« Reply #115 on: May 22, 2014, 07:38:47 pm »

Ripple had a recent bump from this news, not sure how legit it is or what the future potential means for it. 

http://www.coindesk.com/fidor-becomes-first-bank-to-use-ripple-payment-protocol/
The hype about ripple's payments being lower cost needs an asterisk
the reality is that even the large BTC/XRP market is not very liquid. Not only do you get to pay bitstamp 0.2% everytime you trade or even send it, you get bid/ask spreads of 5% or even more at times

without liquidity, it is actually quite useless as a platform for sending money.
when I tried to raise this issue, they admit it but they dont do anything about it
so when grandpa sends some money using ripple expecting to have lower costs and ends up paying 50% more in costs, it will be sad grandpa

Maybe I was too vocal and that is why ripple didnt want me?

lol good point

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Re: NxT Market Report
« Reply #116 on: May 22, 2014, 08:20:45 pm »



On a different note, did anyone else notice that there appears to be a moderate, inverse correlation between Dark and Nxt... interesting.
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Re: NxT Market Report
« Reply #117 on: May 22, 2014, 08:59:42 pm »

I am very bullish on NXT on the fundamental level: we see many projects pop-up like mushrooms, would it be the AE that generated a bunch of listed companies or other side projects such as cryptomail. NXT is keeping its promise of a decentralized protocol with no central planning, thus, a truly free market that is innovating at full speed. It really managed to get out of the "crypto currency" realm to embrace a decentralized platform for digital assets, a task that Bitcoin still has issues to undertake.

Now, on the TA part, it seems we have now reversed the trend:
- the reversal pattern inverse head and shoulders has been broken
- we are making higher highs and lower lows
- we haven't seen such volume since 2 months

There's been some big buy/sell orders that have been eaten (a whale at work as we're talking orders of 100++ BTC's - seemingly eating its own walls), which I believe, will be synonymous of new ATH's down the road in a not to distant future, couple days/weeks.


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Re: NxT Market Report
« Reply #118 on: May 22, 2014, 09:43:10 pm »

Does anybody know the reason for mastercoin drop today? XCP has gained a lot, I wonder if something significant happened between the two
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Re: NxT Market Report
« Reply #119 on: May 23, 2014, 08:18:23 am »

All very interesting. It does feel like we are at a bit of a turning point for crypto. Trend reversal for bitcoin, and alts doing their own thing according to various different factors.
It seems like the next few weeks months might be critical in establishing the major players for the future, as the others fade into the background.
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Re: NxT Market Report
« Reply #120 on: May 23, 2014, 10:38:26 am »

Let's go on with today's report. Things are changing fast...



A few things to note :
1. Bitcoin, while increasing in raw value, starts losing market shares after its upward trend of the past few days.
2. Litecoin is one of those profiting from it. So no, Litecoin and its 51% problem are still here for a while
3. Darkcoin. Wow... I think we are entering a  bubble. It's not a roller coaster anymore, but an exponential growth. Where will it stop ?
4. Ripple confirmed its downward trend. From #3 two days ago, it's now #7. If this goes on, it will be #8 before tomorrow. Can't see any reason why it would settle there. If I had some, I would sell everything. This might very well be the end of Ripple. We'll see next week if it is still in our top 12 chart.  :-\
5. Dogecoin and Nxt lose some market shares. Might be feeding Darkcoin's bubble...
6. Counterparty confirmed its rise. Arrived yesterday in the top 12 chart, it's skyrocketing. We might be seeing another bubble here, but there's still time to step in, I think. Bought some yesterday.

Question : a lot is happening with smaller coins. Should I do a top 20 instead of a top 12 ?


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Re: NxT Market Report
« Reply #121 on: May 23, 2014, 10:46:35 am »

thanks Bro.
 ;D ;D

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Re: NxT Market Report
« Reply #122 on: May 25, 2014, 10:09:06 am »

i hope start monday, there will be a new uptrend eventhough hope does not exist in any analysis.  ;D
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Re: NxT Market Report
« Reply #123 on: May 25, 2014, 10:56:05 am »

BTC run

Drk back up

NXT slowly dipping, probably holders cashing out for high BTC price.

Good time to buy NXT for me with XC profits
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Re: NxT Market Report
« Reply #124 on: May 25, 2014, 11:08:42 am »

you should buy Nxt soon, just in 24 hours, Nxt will be everywhere, thanks to the press release sent by the payexpo PR company finally to the serious media
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Re: NxT Market Report
« Reply #125 on: May 25, 2014, 11:22:37 am »

you should buy Nxt soon, just in 24 hours, Nxt will be everywhere, thanks to the press release sent by the payexpo PR company finally to the serious media

Did we contribute to it?
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Re: NxT Market Report
« Reply #126 on: May 25, 2014, 11:40:18 am »

you should buy Nxt soon, just in 24 hours, Nxt will be everywhere, thanks to the press release sent by the payexpo PR company finally to the serious media

I can't take you serious anymore since your comments on Amsterdam conf
« Last Edit: May 25, 2014, 11:42:02 am by Ezravdb »
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Re: NxT Market Report
« Reply #127 on: May 25, 2014, 11:41:05 am »

Anyone have a link to this report?
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Re: NxT Market Report
« Reply #128 on: May 26, 2014, 10:01:53 am »

Sorry, no report this week end. Was too busy...

So here's today's report, including the week-end :



A lot happened, as you can see...
The total market cap increased a lot. Took  about 2 billion dollars in less than a week. Are people waking up ?
A few things to mention about altcoins :
1. After a little rebellion, Litecoin's market share went on its descending trend
2. Ripple seems to have found a floor at 0.3% of the top 12 market caps. What happens next ? I didn't have time to follow the news about Ripple, so I have no idea...
3. Looks like Darkcoin loves roller coaster. What is this we see today ? Will it bounce back up again ? I sold 75% on Friday, and bought some back on Saturday before it increased again. But I'm wondering what to do now... I have a feeling it's not over, but feelings are bad in this business... :D Anyone has some valid info about what would push Darkcoin upward or downward in the days to come ?
4. A careful look at Peercoin is interesting. It is very stable, but slightly descending
5. Nxt is fairly stable. Can't see any mid term trend here... Bought some more yesterday because it may gain a bit of promotion this week. If it doesn't, well, it's ok. I believe in Nxt long term anyway...
6. Dogecoin doesn't seem to draw much interest anymore and may let Ripple take its #6 spot in a few days, if this trend goes on.
7. Counterparty has almost lost everything it gained last week. Should I sell ? Unsure... Should, probably, but it seems this coin has something special... I would be glad if some one enlightened me about it...

That's it for today. Enjoy.
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Re: NxT Market Report
« Reply #129 on: May 26, 2014, 10:10:30 am »

Glad we didnt dip further below 7000 sat y'all  8)


I do like the cheap NXT tho
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Re: NxT Market Report
« Reply #130 on: May 27, 2014, 03:42:07 am »

Glad we didnt dip further below 7000 sat y'all  8)


I do like the cheap NXT tho

When NXT hits $1 next year I will find this post and ask you if even paying 12000 sats was cheap :) :) :)
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Re: NxT Market Report
« Reply #131 on: May 27, 2014, 09:38:41 am »

Sorry, no report this week end. Was too busy...

So here's today's report, including the week-end :

A lot happened, as you can see...
The total market cap increased a lot. Took  about 2 billion dollars in less than a week. Are people waking up ?
A few things to mention about altcoins :
1. After a little rebellion, Litecoin's market share went on its descending trend
2. Ripple seems to have found a floor at 0.3% of the top 12 market caps. What happens next ? I didn't have time to follow the news about Ripple, so I have no idea...
3. Looks like Darkcoin loves roller coaster. What is this we see today ? Will it bounce back up again ? I sold 75% on Friday, and bought some back on Saturday before it increased again. But I'm wondering what to do now... I have a feeling it's not over, but feelings are bad in this business... :D Anyone has some valid info about what would push Darkcoin upward or downward in the days to come ?
4. A careful look at Peercoin is interesting. It is very stable, but slightly descending
5. Nxt is fairly stable. Can't see any mid term trend here... Bought some more yesterday because it may gain a bit of promotion this week. If it doesn't, well, it's ok. I believe in Nxt long term anyway...
6. Dogecoin doesn't seem to draw much interest anymore and may let Ripple take its #6 spot in a few days, if this trend goes on.
7. Counterparty has almost lost everything it gained last week. Should I sell ? Unsure... Should, probably, but it seems this coin has something special... I would be glad if some one enlightened me about it...

That's it for today. Enjoy.

Hey Dom P

Is it possible to compare Bitcoin with the rest of the altcoins? (Well, I know it is possible, but could you do it? ;)) That would show if Bitcoin can use the network-effect or if the altcoins (altogether) can catch up. Similar like the Bitcoin/Litecoin graph, but instead of Litecoin using all 11 altcoins (maybe even exclude litecoin?) together.
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Re: NxT Market Report
« Reply #132 on: May 27, 2014, 09:53:11 am »

Hey Dom P

Is it possible to compare Bitcoin with the rest of the altcoins? (Well, I know it is possible, but could you do it? ;)) That would show if Bitcoin can use the network-effect or if the altcoins (altogether) can catch up. Similar like the Bitcoin/Litecoin graph, but instead of Litecoin using all 11 altcoins (maybe even exclude litecoin?) together.

I don't get it... Today, I show Bitcoin share at about 92%, Litecoin share at about 5%, and the rest of the top 12 somewhere between 0.1% and 0.8%
If I add up all altcoins and chart the results, we'll see one line for Bitcoin at about 92% and another for the rest at about 8%. When one rises, the other one falls, and vice & versa.

So in the end, the info you want is already there, included the bitcoin's line.

Or am I missing your point ?
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Re: NxT Market Report
« Reply #133 on: May 27, 2014, 09:58:23 am »

Hey Dom P

Is it possible to compare Bitcoin with the rest of the altcoins? (Well, I know it is possible, but could you do it? ;)) That would show if Bitcoin can use the network-effect or if the altcoins (altogether) can catch up. Similar like the Bitcoin/Litecoin graph, but instead of Litecoin using all 11 altcoins (maybe even exclude litecoin?) together.

I don't get it... Today, I show Bitcoin share at about 92%, Litecoin share at about 5%, and the rest of the top 12 somewhere between 0.1% and 0.8%
If I add up all altcoins and chart the results, we'll see one line for Bitcoin at about 92% and another for the rest at about 8%. When one rises, the other one falls, and vice & versa.

So in the end, the info you want is already there, included the bitcoin's line.

Or am I missing your point ?

You are totally right, I thought you are comparing only BTC and LTC, didn't get that the BTC line is in relation to all the rest of the top12. Sorry, my bad :)
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Re: NxT Market Report
« Reply #134 on: May 27, 2014, 10:15:21 am »

You are totally right, I thought you are comparing only BTC and LTC, didn't get that the BTC line is in relation to all the rest of the top12. Sorry, my bad :)

No prob. I make 2 charts because there is such a big difference between the top 2 and the rest that we could not distinguish any detail if everyone was on the same chart.

So... Here today's report :



1. Naturally, the big event is yesterday's Darkcoin crash. It went a lot lower, actually, and Nxt briefly took the #4 slot. But Drk bounced back, unexpectedly so. The technical issue they're facing is not resolved to my knowledge, so I don't understand why people went on buying cheap Drk that could very well become a lot cheaper. Sold mine at the very beginning of the fall and I am not buying back for a while...
2. Another event is the decrease of the bitcoin market cap, bringing almost all altcoins with it.
3. Ripple and Blackcoin are the only two which value increased between yesterday and now. But why are they ? Especially Ripple. I didn't follow the news, may be someone convinced the dev not to sell 9 billion XRP ?

That's it for today...
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Re: NxT Market Report
« Reply #135 on: May 27, 2014, 10:34:35 am »

I dont like the 500 $ range of BTC

« Last Edit: May 27, 2014, 10:42:02 am by Ezravdb »
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Re: NxT Market Report
« Reply #136 on: May 27, 2014, 11:04:38 am »

Blackcoin rumors;

Decentraliazed Exchanges and Smart Contract Services.

That's the next coin that will be pumped.
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Re: NxT Market Report
« Reply #137 on: May 27, 2014, 11:58:25 am »

Blackcoin rumors;

Decentraliazed Exchanges and Smart Contract Services.

That's the next coin that will be pumped.

there is a 100 btc sell wall at 31K

when that gets pulled, this could get interesting..

I am hesitating to buy in for quick profit
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Re: NxT Market Report
« Reply #138 on: May 27, 2014, 12:16:16 pm »

Blackcoin rumors;

Decentraliazed Exchanges and Smart Contract Services.

That's the next coin that will be pumped.

Using that logic, Nxt should have been pumped right now, since we have a working decentralized exchange. Prolly rumours to get in buyers. Maybe yes and maybe not. But what is that Smart Contract Services?  8)
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Re: NxT Market Report
« Reply #139 on: May 27, 2014, 12:56:04 pm »

I going to stay in XC, blackcoin has too much sell pressure and bagholders imo
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Re: NxT Market Report
« Reply #140 on: May 27, 2014, 12:59:43 pm »

I going to stay in XC, blackcoin has too much sell pressure and bagholders imo
Yep. I'm doing the same.
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Re: NxT Market Report
« Reply #141 on: May 27, 2014, 01:01:32 pm »

I going to stay in XC, blackcoin has too much sell pressure and bagholders imo
Yep. I'm doing the same.

 :)
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Re: NxT Market Report
« Reply #142 on: May 27, 2014, 01:14:23 pm »

Crap, forged another empty block  :D

Security coins are welcome  ;D

NXT-32JJ-SCTZ-FDAH-FUNWN

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Re: NxT Market Report
« Reply #143 on: May 27, 2014, 07:33:42 pm »

Darkcoin fork issues resolved.
I bet the prices will increase again.
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Re: NxT Market Report
« Reply #144 on: May 27, 2014, 07:44:46 pm »

Also hodling xcp till i see what drk is doin  :-\
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Re: NxT Market Report
« Reply #145 on: May 27, 2014, 07:51:53 pm »

Also hodling xcp till i see what drk is doin  :-\
I kept a few myself, but it looks like it's pausing.
XC is rising fast, though...
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Re: NxT Market Report
« Reply #146 on: May 28, 2014, 10:15:38 am »

Here today's report:



Plenty of things happening again...
1. Bitcoin is still gaining the market shares other cryptos are losing, first of which, Litecoin.
2. Darkcoin forking issues have been fixed. The prices bounced back yesterday (and I bought some back) but the rush may be over. Lack of trust ? I'll wait a bit before selling that little loss, it might still rise...
3. Ripple is coming back so no, it's not dead. I was ready to bury it last week. Was wrong.
4. Dogecoin and Peercoin slowly losing market shares.
5. Nxt very stable in the middle of this raging battle. That's a good thing.
6. Say bye to Counterparty. It left the top 12 chart yesterday evening. Sold the remnants I had. Barely made a cent out of this all... :(
7. Say hello to the newcomer (not on the chart yet, will do tomorrow): XC. More than doubled since I bought. I am hoping to redo this. But we're in a clear bubble, much like Darkcoin, so be careful.
8. Blackcoin slowly coming back.
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Re: NxT Market Report
« Reply #147 on: May 28, 2014, 10:26:20 am »

Counterparty is so frustrating. Some clever stuff going on, but outrageously and utterly baffling to use and understand. I am at a loss to understand who the devs think will want to stay with the platform, after 5 mins of use.  ???
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Re: NxT Market Report
« Reply #148 on: May 28, 2014, 10:50:39 am »

after 5 mins of use

with a 10 min block, as well ;D
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Re: NxT Market Report
« Reply #149 on: May 28, 2014, 11:59:11 am »

after 5 mins of use

with a 10 min block, as well ;D
Indeed. Sooooo 2013, dont you think  :P
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Re: NxT Market Report
« Reply #150 on: May 28, 2014, 01:00:40 pm »

after 5 mins of use

with a 10 min block, as well ;D

If 10 minute blocks were good enough for 2008, they are good enough for me!

 ;D
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Re: NxT Market Report
« Reply #151 on: May 29, 2014, 06:57:19 pm »

Less than 200000 NXT left on BTER before .000085
I guess my prediction of near term .00008 to .000085 might have been on the low side
There just arent many sellers of NXT, with the weak hands already sold, we could easily revisit the .0000982 peak from may16

Then there is the payexpo, where if one rich guy decides to put a little into NXT, well you get the idea. I dont think it will be good for price to spike, so hopefully there will be some sellers to slow down the rise.

gradual gains are sustainable, spiky stuff not

DGEX has biggest spread there I have seen in a while!
Buy (Bid):   0.00007110 BTC
Sell (Ask):   0.00008230 BTC

Cryptsy has a whopping 20000 NXT available below .00008

Looking at chart and orderbooks, seems a good thing I closed out my shortNXT and shifted to 70% NXT

James

P.S. We could leap way past peercoin with the upcoming surge and maybe will be able to start chipping away at LTC. I am confused by LTC, no real tech, but I guess they are accepted in a lot of places. BTC bridge would get NXT everywhere accepted
« Last Edit: May 29, 2014, 07:03:03 pm by jl777 »
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Re: NxT Market Report
« Reply #152 on: May 29, 2014, 07:09:34 pm »

I didnt mean to cause a buying frenzy!
In a few minutes BTER is less than 40000 NXT below .00008

It seems that a lot of XC profits are finding a safe haven in NXT
I guess that is what I would do, make money on silly pump and dumps and accumulate more NXT
why not?
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Re: NxT Market Report
« Reply #153 on: May 29, 2014, 07:11:25 pm »

Less than 200000 NXT left on BTER before .000085
I guess my prediction of near term .00008 to .000085 might have been on the low side
There just arent many sellers of NXT, with the weak hands already sold, we could easily revisit the .0000982 peak from may16

Then there is the payexpo, where if one rich guy decides to put a little into NXT, well you get the idea. I dont think it will be good for price to spike, so hopefully there will be some sellers to slow down the rise.

gradual gains are sustainable, spiky stuff not

DGEX has biggest spread there I have seen in a while!
Buy (Bid):   0.00007110 BTC
Sell (Ask):   0.00008230 BTC

Cryptsy has a whopping 20000 NXT available below .00008

Looking at chart and orderbooks, seems a good thing I closed out my shortNXT and shifted to 70% NXT

James

P.S. We could leap way past peercoin with the upcoming surge and maybe will be able to start chipping away at LTC. I am confused by LTC, no real tech, but I guess they are accepted in a lot of places. BTC bridge would get NXT everywhere accepted

Been wondering about that myself. Best answers I've found: broad range of owners and better distribution than bitcoin, and good network effect. But no real tech.
I'm thinking LTC will keep losing market share not so much because people are selling (or not initially) but because a greater proportion of people opt for more promising coins.
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Re: NxT Market Report
« Reply #154 on: May 29, 2014, 07:21:11 pm »

Looking at chart and orderbooks, seems a good thing I closed out my shortNXT and shifted to 70% NXT

Your exit was exquisitely timed.  ShortNXT target price is down to 81.7.  Just reset the offer price to 82, should anyone want to lock in some gains.
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Re: NxT Market Report
« Reply #155 on: May 29, 2014, 07:30:48 pm »

Looking at chart and orderbooks, seems a good thing I closed out my shortNXT and shifted to 70% NXT

Your exit was exquisitely timed.  ShortNXT target price is down to 81.7.  Just reset the offer price to 82, should anyone want to lock in some gains.
I was just lucky. People always tell me it is impossible to predict crypto prices :)
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Re: NxT Market Report
« Reply #156 on: May 29, 2014, 09:10:59 pm »

Shit I am still partly in XC, wait I have to catch up!!
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Re: NxT Market Report
« Reply #157 on: May 29, 2014, 10:56:46 pm »

hey jl777 and Dom P:
What do you think will happen tomorrow when NEM goes to AE? Highest bid order right now is 50k NXT per 1 million NEM. Do you think the price will rise or fall?
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Re: NxT Market Report
« Reply #158 on: May 29, 2014, 11:29:11 pm »

hey jl777 and Dom P:
What do you think will happen tomorrow when NEM goes to AE? Highest bid order right now is 50k NXT per 1 million NEM. Do you think the price will rise or fall?
NEM will go to 1 million NXT per NEM stake
NEM will replace LTC instantly and BTC within a week
I wont eat any hats if any of that is wrong

James
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Re: NxT Market Report
« Reply #159 on: May 29, 2014, 11:37:39 pm »

hey jl777 and Dom P:
What do you think will happen tomorrow when NEM goes to AE? Highest bid order right now is 50k NXT per 1 million NEM. Do you think the price will rise or fall?
NEM will go to 1 million NXT per NEM stake
NEM will replace LTC instantly and BTC within a week
I wont eat any hats if any of that is wrong

James

:-D
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Re: NxT Market Report
« Reply #160 on: May 29, 2014, 11:49:51 pm »

hey jl777 and Dom P:
What do you think will happen tomorrow when NEM goes to AE? Highest bid order right now is 50k NXT per 1 million NEM. Do you think the price will rise or fall?
NEM will go to 1 million NXT per NEM stake
NEM will replace LTC instantly and BTC within a week
I wont eat any hats if any of that is wrong

James
I'll eat one if it's false... :D
But seriously... any idea ?
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Re: NxT Market Report
« Reply #161 on: May 30, 2014, 12:10:49 am »

hey jl777 and Dom P:
What do you think will happen tomorrow when NEM goes to AE? Highest bid order right now is 50k NXT per 1 million NEM. Do you think the price will rise or fall?
NEM will go to 1 million NXT per NEM stake
NEM will replace LTC instantly and BTC within a week
I wont eat any hats if any of that is wrong

James
I'll eat one if it's false... :D
But seriously... any idea ?
If sanity prevails, around 10000 to 20000 per stake
If insanity prevails, around 50,000 per stake, maybe more

My guess is that after initial spike, it will drop to the ~15,000 range
Then it can build from there,but it all depends on how good the tech is

I think the peoples that looked at BCNext's forging algo thought maybe it was a lot easier than it looked.
I wouldnt touch the delicate balance of all the proof of stake stuff with a 10 meter pole
So, assuming they can get blocks to converge. Assuming, it doesnt deadlock. Assuming it doesnt fork. Assuming it doesnt get attacked, or survives the attack. Then to da moon

I think PoS with a large number of people who are not so committed to forging all the time might be a lot less secure than the "horribly" distributed NXT model, that just happens to create the nice balance of security, but not allowing any practical means of creating >51% coalitions to turn evil.

I know NXT network itself was vulnerable at first, but I guess that is true of any crypto blockchain

James
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Re: NxT Market Report
« Reply #162 on: May 30, 2014, 12:17:20 am »

I'm not so sure how valuable NEM could be.  If we're saying that it's possible to just reissue NXT, purge it of it's legacy and grant this new value to a new set of stakeholders- what's preventing that from happening to NEM?

anyone up for NEM2.0?

-bm
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Re: NxT Market Report
« Reply #163 on: May 30, 2014, 12:48:37 am »

I'm not so sure how valuable NEM could be.  If we're saying that it's possible to just reissue NXT, purge it of it's legacy and grant this new value to a new set of stakeholders- what's preventing that from happening to NEM?

anyone up for NEM2.0?

-bm

As long as you can find 5 of best core developers in the world ... plus me then NEM 2.0 is no problem. Seriously I am doing almost nothing but perhaps I am a good catalyst.

Edit: spelling
« Last Edit: May 30, 2014, 12:52:00 am by UtopianFuture »
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Re: NxT Market Report
« Reply #164 on: May 30, 2014, 01:03:15 am »

I'm not so sure how valuable NEM could be.  If we're saying that it's possible to just reissue NXT, purge it of it's legacy and grant this new value to a new set of stakeholders- what's preventing that from happening to NEM?

anyone up for NEM2.0?

-bm

As long as you can find 5 of best core developers in the world ... plus me then NEM 2.0 is no problem. Seriously I am doing almost nothing but perhaps I am a good catalyst.

Edit: spelling

so basically your entire sell is that you have better developers?

don't the 1000-or-so stakeholders have a say in the development process?

-bm
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UtopianFuture

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Re: NxT Market Report
« Reply #165 on: May 30, 2014, 01:18:47 am »

I'm not so sure how valuable NEM could be.  If we're saying that it's possible to just reissue NXT, purge it of it's legacy and grant this new value to a new set of stakeholders- what's preventing that from happening to NEM?

anyone up for NEM2.0?

-bm

As long as you can find 5 of best core developers in the world ... plus me then NEM 2.0 is no problem. Seriously I am doing almost nothing but perhaps I am a good catalyst.

Edit: spelling

so basically your entire sell is that you have better developers?

don't the 1000-or-so stakeholders have a say in the development process?

-bm

Not my sell. I am selling nothing. You can't take 1 NEM from my deal-cold hand  ;D Core dev. is something the NEM community is proud of (me too) because they stepped up. You could be one if you stepped up and help NEM. Remember NEM is 3000 equal stakeholders. There is no whale so you just need to persuade the majority of the community. Innovation is very important but NEM is built on equality and solidarity.
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bluemeanie1

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Re: NxT Market Report
« Reply #166 on: May 30, 2014, 01:24:34 am »

I'm not so sure how valuable NEM could be.  If we're saying that it's possible to just reissue NXT, purge it of it's legacy and grant this new value to a new set of stakeholders- what's preventing that from happening to NEM?

anyone up for NEM2.0?

-bm

As long as you can find 5 of best core developers in the world ... plus me then NEM 2.0 is no problem. Seriously I am doing almost nothing but perhaps I am a good catalyst.

Edit: spelling

so basically your entire sell is that you have better developers?

don't the 1000-or-so stakeholders have a say in the development process?

-bm

Not my sell. I am selling nothing. You can't take 1 NEM from my deal-cold hand  ;D Core dev. is something the NEM community is proud of (me too) because they stepped up. You could be one if you stepped up and help NEM. Remember NEM is 3000 equal stakeholders. There is no whale so you just need to persuade the majority of the community.


The best argument against democracy is a five-minute conversation with the average voter.

-Winston Churchill

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bluemeanie1

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Re: NxT Market Report
« Reply #167 on: May 30, 2014, 01:33:16 am »

To put it in more concrete terms, what you're suggesting is going to MAGNIFY the problems we see in NXT, not eliminate them.  You don't somehow escape human nature by referring to them as 'community' instead of what they are : investors.  Seems you are already attributing NEM's success to your own 'cult of personality' ("Im a great catalyst").

-bm
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kodtycoon

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Re: NxT Market Report
« Reply #168 on: May 30, 2014, 01:37:45 am »

hey jl777 and Dom P:
What do you think will happen tomorrow when NEM goes to AE? Highest bid order right now is 50k NXT per 1 million NEM. Do you think the price will rise or fall?
NEM will go to 1 million NXT per NEM stake
NEM will replace LTC instantly and BTC within a week
I wont eat any hats if any of that is wrong

James
I'll eat one if it's false... :D
But seriously... any idea ?
If sanity prevails, around 10000 to 20000 per stake
If insanity prevails, around 50,000 per stake, maybe more

My guess is that after initial spike, it will drop to the ~15,000 range
Then it can build from there,but it all depends on how good the tech is

I think the peoples that looked at BCNext's forging algo thought maybe it was a lot easier than it looked.
I wouldnt touch the delicate balance of all the proof of stake stuff with a 10 meter pole
So, assuming they can get blocks to converge. Assuming, it doesnt deadlock. Assuming it doesnt fork. Assuming it doesnt get attacked, or survives the attack. Then to da moon

I think PoS with a large number of people who are not so committed to forging all the time might be a lot less secure than the "horribly" distributed NXT model, that just happens to create the nice balance of security, but not allowing any practical means of creating >51% coalitions to turn evil.

I know NXT network itself was vulnerable at first, but I guess that is true of any crypto blockchain

James

lets hope insanity prevails! :) il be selling some but only cos i actually really need the fiat.. its guna kill me selling any crypto for fiat at this stage but has to be done.. :/
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bluemeanie1

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Re: NxT Market Report
« Reply #169 on: May 30, 2014, 01:42:42 am »

so you're saying it's insane to buy at those prices?

-bm
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UtopianFuture

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Re: NxT Market Report
« Reply #170 on: May 30, 2014, 01:50:13 am »

To put it in more concrete terms, what you're suggesting is going to MAGNIFY the problems we see in NXT, not eliminate them.  You don't somehow escape human nature by referring to them as 'community' instead of what they are : investors.  Seems you are already attributing NEM's success to your own 'cult of personality' ("Im a great catalyst").

-bm

first of all, I am not speaking for NEM community. I am speaking only for myself. If you want to know what NEM community is saying then visit NEM thread and converse with the stakeholders.
I never said NEM is a success and I don't really know whether NEM will be a success neither so it seems like you are attributing something to me instead :)
Anyway to me equality and solidarity are important foundation concepts  and while I did initiate that it is up the the community to see that is the value worth treasure. I think it is especially the latter. 
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UtopianFuture

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Re: NxT Market Report
« Reply #171 on: May 30, 2014, 01:55:19 am »

I'm not so sure how valuable NEM could be.  If we're saying that it's possible to just reissue NXT, purge it of it's legacy and grant this new value to a new set of stakeholders- what's preventing that from happening to NEM?

anyone up for NEM2.0?

-bm

As long as you can find 5 of best core developers in the world ... plus me then NEM 2.0 is no problem. Seriously I am doing almost nothing but perhaps I am a good catalyst.

Edit: spelling

so basically your entire sell is that you have better developers?

don't the 1000-or-so stakeholders have a say in the development process?

-bm

Not my sell. I am selling nothing. You can't take 1 NEM from my deal-cold hand  ;D Core dev. is something the NEM community is proud of (me too) because they stepped up. You could be one if you stepped up and help NEM. Remember NEM is 3000 equal stakeholders. There is no whale so you just need to persuade the majority of the community.


The best argument against democracy is a five-minute conversation with the average voter.

-Winston Churchill

Well if you need funding or the community's approval, then you need to persuade the majority. If you don't, nothing prevents you to do your own things.
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UtopianFuture

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Re: NxT Market Report
« Reply #172 on: May 30, 2014, 02:00:20 am »

To put it in more concrete terms, what you're suggesting is going to MAGNIFY the problems we see in NXT, not eliminate them.  You don't somehow escape human nature by referring to them as 'community' instead of what they are : investors.  Seems you are already attributing NEM's success to your own 'cult of personality' ("Im a great catalyst").

-bm

first of all, I am not speaking for NEM community. I am speaking only for myself. If you want to know what NEM community is saying then visit NEM thread and converse with the stakeholders.
I never said NEM is a success and I don't really know whether NEM will be a success neither so it seems like you are attributing something to me instead :)
Anyway to me equality and solidarity are important foundation concepts  and while I did initiate that it is up the the community to see that is the value worth treasure. I think it is especially the latter.

Now on the matter of "investor" or "stakeholder" or "Nemsters" or "community member" etc. It is just a matter of interpretation. "Life of Pi" is worth watching if you know what I mean.
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bluemeanie1

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Re: NxT Market Report
« Reply #173 on: May 30, 2014, 02:01:14 am »



Not my sell. I am selling nothing. You can't take 1 NEM from my deal-cold hand  ;D Core dev. is something the NEM community is proud of (me too) because they stepped up. You could be one if you stepped up and help NEM. Remember NEM is 3000 equal stakeholders. There is no whale so you just need to persuade the majority of the community.


The best argument against democracy is a five-minute conversation with the average voter.

-Winston Churchill

Well if you need funding or the community's approval, then you need to persuade the majority. If you don't, nothing prevents you to do your own things.

how is that different from NXT?

-bm
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UtopianFuture

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Re: NxT Market Report
« Reply #174 on: May 30, 2014, 02:03:36 am »



Not my sell. I am selling nothing. You can't take 1 NEM from my deal-cold hand  ;D Core dev. is something the NEM community is proud of (me too) because they stepped up. You could be one if you stepped up and help NEM. Remember NEM is 3000 equal stakeholders. There is no whale so you just need to persuade the majority of the community.


The best argument against democracy is a five-minute conversation with the average voter.

-Winston Churchill

Well if you need funding or the community's approval, then you need to persuade the majority. If you don't, nothing prevents you to do your own things.

how is that different from NXT?

-bm

Similar concept I think but certain people prefers certain demographics.
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Re: NxT Market Report
« Reply #175 on: May 30, 2014, 02:05:40 am »



Not my sell. I am selling nothing. You can't take 1 NEM from my deal-cold hand  ;D Core dev. is something the NEM community is proud of (me too) because they stepped up. You could be one if you stepped up and help NEM. Remember NEM is 3000 equal stakeholders. There is no whale so you just need to persuade the majority of the community.


The best argument against democracy is a five-minute conversation with the average voter.

-Winston Churchill

Well if you need funding or the community's approval, then you need to persuade the majority. If you don't, nothing prevents you to do your own things.

how is that different from NXT?

-bm

Similar concept I think but certain people prefers certain demographics.

ok,

so basically what you suggest is that the value of these coins depends on WHO owns them?  ie. who are the stakeholders.

and you suggest that this new set of stakeholders has better 'demographics'.

can you explain to us how the demographics are better?

-bm
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UtopianFuture

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Re: NxT Market Report
« Reply #176 on: May 30, 2014, 02:12:23 am »



Not my sell. I am selling nothing. You can't take 1 NEM from my deal-cold hand  ;D Core dev. is something the NEM community is proud of (me too) because they stepped up. You could be one if you stepped up and help NEM. Remember NEM is 3000 equal stakeholders. There is no whale so you just need to persuade the majority of the community.


The best argument against democracy is a five-minute conversation with the average voter.

-Winston Churchill

Well if you need funding or the community's approval, then you need to persuade the majority. If you don't, nothing prevents you to do your own things.

how is that different from NXT?

-bm

Similar concept I think but certain people prefers certain demographics.

ok,

so basically what you suggest is that the value of these coins depends on WHO owns them?  ie. who are the stakeholders.

and you suggest that this new set of stakeholders has better 'demographics'.

can you explain to us how the demographics are better?

-bm

I mean distributional demographics (not sure there is a term like that. but you know what i mean) Do you still have the same question ?
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bluemeanie1

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Re: NxT Market Report
« Reply #177 on: May 30, 2014, 02:14:36 am »



ok,

so basically what you suggest is that the value of these coins depends on WHO owns them?  ie. who are the stakeholders.

and you suggest that this new set of stakeholders has better 'demographics'.

can you explain to us how the demographics are better?

-bm

I mean distributional demographics (not sure there is a term like that. but you know what i mean) Do you still have the same question ?


ok, how is the distribution better?
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DrearyUrbanite

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Re: NxT Market Report
« Reply #178 on: May 30, 2014, 02:18:01 am »



Not my sell. I am selling nothing. You can't take 1 NEM from my deal-cold hand  ;D Core dev. is something the NEM community is proud of (me too) because they stepped up. You could be one if you stepped up and help NEM. Remember NEM is 3000 equal stakeholders. There is no whale so you just need to persuade the majority of the community.


The best argument against democracy is a five-minute conversation with the average voter.

-Winston Churchill

Well if you need funding or the community's approval, then you need to persuade the majority. If you don't, nothing prevents you to do your own things.

how is that different from NXT?

-bm

Similar concept I think but certain people prefers certain demographics.

ok,

so basically what you suggest is that the value of these coins depends on WHO owns them?  ie. who are the stakeholders.

and you suggest that this new set of stakeholders has better 'demographics'.

can you explain to us how the demographics are better?

-bm

I mean distributional demographics (not sure there is a term like that. but you know what i mean) Do you still have the same question ?

Is the difference that you didn't get in on NXT but got in on NEM? To someone who isn't part of the 73 or 3000, how does that make a difference - other than the fact that NXT is first and NEM never will be.
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UtopianFuture

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Re: NxT Market Report
« Reply #179 on: May 30, 2014, 02:21:50 am »



ok,

so basically what you suggest is that the value of these coins depends on WHO owns them?  ie. who are the stakeholders.

and you suggest that this new set of stakeholders has better 'demographics'.

can you explain to us how the demographics are better?

-bm

I mean distributional demographics (not sure there is a term like that. but you know what i mean) Do you still have the same question ?


ok, how is the distribution better?

There are think volume of literature on the issue. I suggest you can google this "the effects of inequality on growth: a survey of the theoretical and empirical literature". I am familiar with the literature * but one point you won't find in these literature is the concept of solidarity. Unequal community do not have solidarity. 

* In summary: there are solid evidences that inequality is bad for economic growth.
« Last Edit: May 30, 2014, 02:25:35 am by UtopianFuture »
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Re: NxT Market Report
« Reply #180 on: May 30, 2014, 02:22:24 am »



I mean distributional demographics (not sure there is a term like that. but you know what i mean) Do you still have the same question ?

Is the difference that you didn't get in on NXT but got in on NEM? To someone who isn't part of the 73 or 3000, how does that make a difference - other than the fact that NXT is first and NEM never will be.

that's how I see it.  It's for people who didn't get in on NXT and believe they can just repeat history by making a new NXT, in addition they lack vision on how to build value in cooperation with NXT, it seems these are not the visionaries- they're the 'me too'-ers.

Where is the source code repository?

-bm
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UtopianFuture

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Re: NxT Market Report
« Reply #181 on: May 30, 2014, 02:27:52 am »



I mean distributional demographics (not sure there is a term like that. but you know what i mean) Do you still have the same question ?

Is the difference that you didn't get in on NXT but got in on NEM? To someone who isn't part of the 73 or 3000, how does that make a difference - other than the fact that NXT is first and NEM never will be.

that's how I see it.  It's for people who didn't get in on NXT and believe they can just repeat history by making a new NXT, in addition they lack vision on how to build value in cooperation with NXT, it seems these are not the visionaries- they're the 'me too'-ers.

Where is the source code repository?

-bm

I don't care about who get in Nxt 73 or not (or rather Nxt 20 something). It is about idea. It is cheap tactic to turn it to a personal level.

NEM has different core set of ideas. When you are freed from thinking a crypto as a technological product but rather a complex community and ecosystem you may see the differences.
« Last Edit: May 30, 2014, 02:30:06 am by UtopianFuture »
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Re: NxT Market Report
« Reply #182 on: May 30, 2014, 02:28:46 am »



ok,

so basically what you suggest is that the value of these coins depends on WHO owns them?  ie. who are the stakeholders.

and you suggest that this new set of stakeholders has better 'demographics'.

can you explain to us how the demographics are better?

-bm

I mean distributional demographics (not sure there is a term like that. but you know what i mean) Do you still have the same question ?


ok, how is the distribution better?

There are think volume of literature on the issue. I suggest you can google this "the effects of inequality on growth: a survey of the theoretical and empirical literature". I am familiar with the literature but one point you won't find in these literature is the concept of solidarity. Unequal community do not have solidarity.

shall we return the means of production to the proletariat?

-bm
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Re: NxT Market Report
« Reply #183 on: May 30, 2014, 02:30:21 am »


I don't care about who get in Nxt 73 or not (or rather Nxt 20 something). It is about idea. It is cheap tactic to turn it to a personal level.

do you want me to stop asking questions?

-bm
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UtopianFuture

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Re: NxT Market Report
« Reply #184 on: May 30, 2014, 02:32:44 am »



ok,

so basically what you suggest is that the value of these coins depends on WHO owns them?  ie. who are the stakeholders.

and you suggest that this new set of stakeholders has better 'demographics'.

can you explain to us how the demographics are better?

-bm

I mean distributional demographics (not sure there is a term like that. but you know what i mean) Do you still have the same question ?


ok, how is the distribution better?

There are think volume of literature on the issue. I suggest you can google this "the effects of inequality on growth: a survey of the theoretical and empirical literature". I am familiar with the literature but one point you won't find in these literature is the concept of solidarity. Unequal community do not have solidarity.

shall we return the means of production to the proletariat?

-bm

I care about proper incentive system. Socialism as it was failed that. NEM is an experiment so don't be too hard.
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UtopianFuture

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Re: NxT Market Report
« Reply #185 on: May 30, 2014, 02:37:13 am »


I don't care about who get in Nxt 73 or not (or rather Nxt 20 something). It is about idea. It is cheap tactic to turn it to a personal level.

do you want me to stop asking questions?

-bm

I am fine exchanging ideas. NEM was initiated not because I did not get in Nxt 20 (someone seems to imply that). NEM will happen in any case. Nxt 20 has 1-2 million $ and that is not a staggering number by any mean.
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bluemeanie1

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Re: NxT Market Report
« Reply #186 on: May 30, 2014, 02:45:51 am »

where is the source code?
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UtopianFuture

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Re: NxT Market Report
« Reply #187 on: May 30, 2014, 02:50:47 am »

where is the source code?

Sorry you have to wait for the official launch. Jaguar and Gimre have the final say on the source code releasing issue and they don't want to be cloned too early.
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Re: NxT Market Report
« Reply #188 on: May 30, 2014, 03:05:21 am »

where is the source code?

Sorry you have to wait for the official launch. Jaguar and Gimre have the final say on the source code releasing issue and they don't want to be cloned too early.

the community doesnt have access to the source code?
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kodtycoon

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Re: NxT Market Report
« Reply #189 on: May 30, 2014, 03:08:55 am »



I mean distributional demographics (not sure there is a term like that. but you know what i mean) Do you still have the same question ?

Is the difference that you didn't get in on NXT but got in on NEM? To someone who isn't part of the 73 or 3000, how does that make a difference - other than the fact that NXT is first and NEM never will be.

that's how I see it.  It's for people who didn't get in on NXT and believe they can just repeat history by making a new NXT, in addition they lack vision on how to build value in cooperation with NXT, it seems these are not the visionaries- they're the 'me too'-ers.

Where is the source code repository?

-bm

isnt everyone who is in nxt now hopeful that they will get a second chance of "buying bitcoin back in 2010"? im an avid believer in both nxt and nem.. they both have great things going for them.. and as you probably know, many many nxt users also have nem stakes.. nem will most likely be the litecoin to nxt for a long time.. but if nem was to release good tech on par with nxt in a timely fashion, then nem could well become a strong competitor.. which is a good thing, pushing innovation further and faster in both currencies!

"they lack vision on how to build value in cooperation with NXT"

well thats exactly what im trying to do.. bring nem and nxt together into a mutually beneficial cooperation which i think is actually working very successfully. how many new nem members have started using nxt since i brought up the idea of putting nem tokens on the AE? have you seen the price rise in nxt? nxt is actively promoting nem while also promoting nxt.. nem is also doing the same.. nxt is being actively promoted by nem stake holders all over bitcointalk, on reddit, on twitter ect ect. how is this not building value through cooperation between nxt and nem? that rise in value isnt a coincidence.

so please.. no need to insult members of the nem community by saying they are just "me-tooers". its insulting to everyone thats actively developing and promoting nem.. some of which are still/former colleagues of the nxt community.

"the community doesnt have access to the source code?"

when was the source code for nxt released?? months after it actually launched.. nem is still in closed alpha. its ridiculous to expect a release of source code yet..
« Last Edit: May 30, 2014, 03:10:45 am by ForrestGump »
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UtopianFuture

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Re: NxT Market Report
« Reply #190 on: May 30, 2014, 03:14:49 am »



I mean distributional demographics (not sure there is a term like that. but you know what i mean) Do you still have the same question ?

Is the difference that you didn't get in on NXT but got in on NEM? To someone who isn't part of the 73 or 3000, how does that make a difference - other than the fact that NXT is first and NEM never will be.

that's how I see it.  It's for people who didn't get in on NXT and believe they can just repeat history by making a new NXT, in addition they lack vision on how to build value in cooperation with NXT, it seems these are not the visionaries- they're the 'me too'-ers.

Where is the source code repository?

-bm

What if NEM have better architectural design? I talk about things I know which are entirely non-technical. But there are technical reasons to build a better blockchain according to NEM core dev.

What you said here applying 100% to Nxt in compared to Bitcoin or Peercoin.  How ironic ?
« Last Edit: May 30, 2014, 03:16:22 am by UtopianFuture »
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Re: NxT Market Report
« Reply #191 on: May 30, 2014, 03:20:16 am »

What if NEM have better architectural design? I

how can we know?  there's no source code nor any architectural documents.

how do we know NEM has a better design?

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UtopianFuture

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Re: NxT Market Report
« Reply #192 on: May 30, 2014, 03:27:01 am »

What if NEM have better architectural design? I

how can we know?  there's no source code nor any architectural documents.

how do we know NEM has a better design?

You don't. I don't neither because I don't write codes. So we will see. What publicly available is

https://docs.google.com/spreadsheets/d/1A9p6QZcUoDvezVMUsp2kYaF8g_jTNPFPL5e3Tli-jaI/edit#gid=185309926

You can see something in the Technical update tab.

Anyway I should stop because it seems like many people think I represent NEM (not)
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Re: NxT Market Report
« Reply #193 on: May 30, 2014, 06:06:00 am »

Please take your discussion to a relevant topic, this is about the Nxt market report. Thank you.
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Ezravdb

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Re: NxT Market Report
« Reply #194 on: May 30, 2014, 08:39:46 am »

Good, let's stabilize here folks, 7900-8100.

Then when the DRK bubble pops again we are steady #3/#4
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Re: NxT Market Report
« Reply #195 on: May 30, 2014, 10:12:27 am »

Sorry for yesterday, very busy again - with Nxt projects mainly. So I skipped the report, but saved the data.
Here's today's' report :



One preliminary note: Last 10 days have been just crazy. If you don't follow the market everyday, you're lost.
1. XC bubbled and popped, entered our chart and left. Bye.
2. Darkcoin is picking up again. I bought some at $6, and some more at $9. I hope to see it up to $15 again, but this needs to be watched closely
3. Peercoin is still slowly declining
4. Nxt is #5 may stabilize #3 in a few days, when and if the new Darkcoin bubble pops.

Looking back those 20 days, it seems Nxt is quite promising. Slowly rising, no sharp bumps and holes, gaining momentum.

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josephliton

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Re: NxT Market Report
« Reply #196 on: May 30, 2014, 06:02:01 pm »

Sorry for yesterday, very busy again - with Nxt projects mainly. So I skipped the report, but saved the data.
Here's today's' report :



One preliminary note: Last 10 days have been just crazy. If you don't follow the market everyday, you're lost.
1. XC bubbled and popped, entered our chart and left. Bye.
2. Darkcoin is picking up again. I bought some at $6, and some more at $9. I hope to see it up to $15 again, but this needs to be watched closely
3. Peercoin is still slowly declining
4. Nxt is #5 may stabilize #3 in a few days, when and if the new Darkcoin bubble pops.

Looking back those 20 days, it seems Nxt is quite promising. Slowly rising, no sharp bumps and holes, gaining momentum.

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Nxter

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Re: NxT Market Report
« Reply #197 on: May 31, 2014, 10:34:31 am »

what do you think about litecoin?  is it dead? 
If I sell now I am taking more than 300$ loss but sadly, I think the only way to go for litecoin right now is down.


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Re: NxT Market Report
« Reply #198 on: May 31, 2014, 10:36:48 am »

I'm not up to date with any litecoin projects, but the tech is not interesting anymore. Maybe DRK want's to replace LTC.
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Re: NxT Market Report
« Reply #199 on: May 31, 2014, 10:52:56 am »

what do you think about litecoin?  is it dead? 
If I sell now I am taking more than 300$ loss but sadly, I think the only way to go for litecoin right now is down.
Get rid of it.
Look at the charts : It's dying slowly
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Re: NxT Market Report
« Reply #200 on: May 31, 2014, 03:22:28 pm »

Where is my friend lightspeed?

 ;D ;D ;D

i wait you.

 8) 8)

Nxter

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Re: NxT Market Report
« Reply #201 on: May 31, 2014, 03:24:54 pm »

I'm not up to date with any litecoin projects, but the tech is not interesting anymore. Maybe DRK want's to replace LTC.
what do you think about litecoin?  is it dead? 
If I sell now I am taking more than 300$ loss but sadly, I think the only way to go for litecoin right now is down.
Get rid of it.
Look at the charts : It's dying slowly

I do not have litecoins anymore.  I am almost sure 2014 will be RIP for litecoin..
Time will say if we are right.
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verdun2003

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Re: NxT Market Report
« Reply #202 on: May 31, 2014, 10:13:33 pm »

I'm not up to date with any litecoin projects, but the tech is not interesting anymore. Maybe DRK want's to replace LTC.
what do you think about litecoin?  is it dead? 
If I sell now I am taking more than 300$ loss but sadly, I think the only way to go for litecoin right now is down.
Get rid of it.
Look at the charts : It's dying slowly

I do not have litecoins anymore.  I am almost sure 2014 will be RIP for litecoin..
Time will say if we are right.

It won't die, but won't grow as fast as other alts during the next bubble, it is very probable it will loose its 2nd position overtime (think a few months) - LTC didn't manage to build anything with fundamental value since its creation.

If you compare the relative strength (price on an alt/price on BTC), you will see that the currency that managed to do better than BTC is... NXT - when BTC went from 335 USD at its lowest point to 620 currently, NXT went from 0.019 USD to 0.05 right now - we're talking x1.8 vs x2.63 - all other top alts did less than x1.8. NXT is the only coin in the TOP20 that managed this achievement, it is a huge milestone for the currency. This confirmed trend reversal from downtrend to uptrend for NXT is a fantastic time to buy-in as investing early in trend reversals is the best entry point.

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Re: NxT Market Report
« Reply #203 on: May 31, 2014, 10:25:52 pm »

It won't die, but won't grow as fast as other alts during the next bubble, it is very probable it will loose its 2nd position overtime (think a few months) - LTC didn't manage to build anything with fundamental value since its creation.

That's what I call dying, like with Doge, Peercoin, etc. Just check the charts I post here. You will see that Litecoin is losing it every day. Even when its price goes up, it doesn't get more than the others. So, slowly but surely, it sinks.
It's dying.
And since it has absolutely NOTHING to offer more than its big brother Bitcoin, it's utterly useless.
That's why its dying.

Not a single tear over it.

Let's play with Nxt generation cryptos, ok ? ;)

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verdun2003

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Re: NxT Market Report
« Reply #204 on: May 31, 2014, 11:03:03 pm »

It won't die, but won't grow as fast as other alts during the next bubble, it is very probable it will loose its 2nd position overtime (think a few months) - LTC didn't manage to build anything with fundamental value since its creation.

That's what I call dying, like with Doge, Peercoin, etc. Just check the charts I post here. You will see that Litecoin is losing it every day. Even when its price goes up, it doesn't get more than the others. So, slowly but surely, it sinks.
It's dying.
And since it has absolutely NOTHING to offer more than its big brother Bitcoin, it's utterly useless.
That's why its dying.

Not a single tear over it.

Let's play with Nxt generation cryptos, ok ? ;)

I don't care either about LTC either "mon ami" as I can see you enjoy one of the rare products we still manufacture here in France :) NXT is delivering very strong fundamentals and showing some very nice technical indicators that we haven't seen for a while. I'm predicting NXT will break its ATH in the upcoming weeks, we can see some very big whales positionning themselves since the beginning of the uptrend.

You had a market cap of 100 million ++ with just 1 million USD in daily volume with NXT back in january. Now, look at a BC or DRK that can generate 8 million USD in volume at the top of their bubble - where do you think NXT will go once it gets that volume? With just 200k/day it moved from .00004 to .00008.
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Re: NxT Market Report
« Reply #205 on: May 31, 2014, 11:27:51 pm »

It won't die, but won't grow as fast as other alts during the next bubble, it is very probable it will loose its 2nd position overtime (think a few months) - LTC didn't manage to build anything with fundamental value since its creation.

That's what I call dying, like with Doge, Peercoin, etc. Just check the charts I post here. You will see that Litecoin is losing it every day. Even when its price goes up, it doesn't get more than the others. So, slowly but surely, it sinks.
It's dying.
And since it has absolutely NOTHING to offer more than its big brother Bitcoin, it's utterly useless.
That's why its dying.

Not a single tear over it.

Let's play with Nxt generation cryptos, ok ? ;)

I don't care either about LTC either "mon ami" as I can see you enjoy one of the rare products we still manufacture here in France :) NXT is delivering very strong fundamentals and showing some very nice technical indicators that we haven't seen for a while. I'm predicting NXT will break its ATH in the upcoming weeks, we can see some very big whales positionning themselves since the beginning of the uptrend.

You had a market cap of 100 million ++ with just 1 million USD in daily volume with NXT back in january. Now, look at a BC or DRK that can generate 8 million USD in volume at the top of their bubble - where do you think NXT will go once it gets that volume? With just 200k/day it moved from .00004 to .00008.
I must admit I dunno how high it can go in the coming weeks. There's so much stuff going on. PayExpo for one. The AE is still not very well known outside of the Nxt sphere, Sharkfund is very promising, etc.
But even more importantly, however high it gets, the question is: Will it stay up there or will it be a bubble popping at some point ?

And yes, my friend, Dom P is one of my favorite, and it just cannot be made outside out France.
I myself fled the sinking ship... :(
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verdun2003

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Re: NxT Market Report
« Reply #206 on: June 01, 2014, 12:22:10 am »

It won't die, but won't grow as fast as other alts during the next bubble, it is very probable it will loose its 2nd position overtime (think a few months) - LTC didn't manage to build anything with fundamental value since its creation.

That's what I call dying, like with Doge, Peercoin, etc. Just check the charts I post here. You will see that Litecoin is losing it every day. Even when its price goes up, it doesn't get more than the others. So, slowly but surely, it sinks.
It's dying.
And since it has absolutely NOTHING to offer more than its big brother Bitcoin, it's utterly useless.
That's why its dying.

Not a single tear over it.

Let's play with Nxt generation cryptos, ok ? ;)

I don't care either about LTC either "mon ami" as I can see you enjoy one of the rare products we still manufacture here in France :) NXT is delivering very strong fundamentals and showing some very nice technical indicators that we haven't seen for a while. I'm predicting NXT will break its ATH in the upcoming weeks, we can see some very big whales positionning themselves since the beginning of the uptrend.

You had a market cap of 100 million ++ with just 1 million USD in daily volume with NXT back in january. Now, look at a BC or DRK that can generate 8 million USD in volume at the top of their bubble - where do you think NXT will go once it gets that volume? With just 200k/day it moved from .00004 to .00008.
I must admit I dunno how high it can go in the coming weeks. There's so much stuff going on. PayExpo for one. The AE is still not very well known outside of the Nxt sphere, Sharkfund is very promising, etc.
But even more importantly, however high it gets, the question is: Will it stay up there or will it be a bubble popping at some point ?

And yes, my friend, Dom P is one of my favorite, and it just cannot be made outside out France.
I myself fled the sinking ship... :(

"What goes up must go down" Stein - there will be a bubble if there is enough volume poured into NXT and we see the first signs of upcoming volume and whale activity with several buy orders being completed of 150 BTC++ (could be a whale selling to itself). Predicting NXT price is anyone's call, very tough but my price target is 300++ million USD for the next bubble, which means a x6 from current market cap. This is based on volume estimations of 5-10 million daily at the top of the bubble and the psychological target of detroning LTC - not even taking into account the fundamentals that are amazing. Also, we should consider the 3 big deals that are being cut right now and not disclosed to date, it will provide loads of hype. I believe smart money is currently accumulating.

I guess time will tell but currently seing same patterns we saw in DRK before its price explosion in NXT - managed to benefit quite significantly from it. I invested the 1/3rd of my stack on NXT, I will increase my position to half of my stack if we manage to break-out the important 0.0001 resistance level. After that resistance, there's only one left, and it's the ATH. This could move pretty fast once we break-out 0.0001
« Last Edit: June 01, 2014, 12:51:29 am by verdun2003 »
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Re: NxT Market Report
« Reply #207 on: June 01, 2014, 10:04:00 am »

Hurry... I feel a dire need for a report today... :D



So... What is this we're looking at, heh ? :D
Nxt #3 !

Apart from this major news, what else ?
1. Bitcoin's rising. $640 when writing this post. That brings everyone with it
2. Darkcoin is still on its rollercoaster ride. Time to buy ? I think I'll keep the few I have and wait for Nxt to finish its upward trend, then I may sell some off (the short term speculative bit I added yesterday) to buy something else
3. Looks like people don't want Peercoin anymore. It was on a slow fall for some time now, but this changed: #5 now and still falling.
4. Ripple is falling again. I knew there was nothing behind its vitality regain. Pump & Dump, probably.  We'll see that soon, with other coins rising, the money may leave that coin for good to go to more promising ones.
5. Speaking of which: Blackcoin is waking up...
6. Not on this chart: Monero is active again. You may want to check it out.
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Ezravdb

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Re: NxT Market Report
« Reply #208 on: June 01, 2014, 10:29:49 am »

Exciting times for BTC and NXT..
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Re: NxT Market Report
« Reply #209 on: June 01, 2014, 10:43:54 am »

Hurry... I feel a dire need for a report today... :D



So... What is this we're looking at, heh ? :D
Nxt #3 !

Apart from this major news, what else ?
1. Bitcoin's rising. $640 when writing this post. That brings everyone with it
2. Darkcoin is still on its rollercoaster ride. Time to buy ? I think I'll keep the few I have and wait for Nxt to finish its upward trend, then I may sell some off (the short term speculative bit I added yesterday) to buy something else
3. Looks like people don't want Peercoin anymore. It was on a slow fall for some time now, but this changed: #5 now and still falling.
4. Ripple is falling again. I knew there was nothing behind its vitality regain. Pump & Dump, probably.  We'll see that soon, with other coins rising, the money may leave that coin for good to go to more promising ones.
5. Speaking of which: Blackcoin is waking up...
6. Not on this chart: Monero is active again. You may want to check it out.

I wouldn't recommend DRK, I believe it has entered a primary bear market, we should see lower highs and lower lows in the upcoming days/weeks - you can play the dips though by setting buy orders on the previous levels of resistance. Like much more BC which is showing signs of reversing the trend to bull.

Now, NXT with only 300k USD managed to move pretty significantly - I expect the formation of a channel between .00008 and .0001 before we break-out the .0001 resistance that is a KEY level - once we break-out with volume, things are going to get very interesting...
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Re: NxT Market Report
« Reply #210 on: June 01, 2014, 08:35:28 pm »

If you compare the relative strength (price on an alt/price on BTC), you will see that the currency that managed to do better than BTC is... NXT - when BTC went from 335 USD at its lowest point to 620 currently, NXT went from 0.019 USD to 0.05 right now - we're talking x1.8 vs x2.63 - all other top alts did less than x1.8. NXT is the only coin in the TOP20 that managed this achievement, it is a huge milestone for the currency. This confirmed trend reversal from downtrend to uptrend for NXT is a fantastic time to buy-in as investing early in trend reversals is the best entry point.

 +1

You know what you are talking about Verdun.

Have you invested in any other altcoins besides nxt?
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Re: NxT Market Report
« Reply #211 on: June 01, 2014, 09:05:16 pm »

... there's only one left, and it's the ATH.

What is the "ATH"?
All Time High
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Re: NxT Market Report
« Reply #212 on: June 01, 2014, 09:20:45 pm »

... there's only one left, and it's the ATH.

What is the "ATH"?
All Time High

Which was around 13000 satoshi (BTC 0.000130000) worth $0.10 per NXT, total market cap of $100 million, reached the first time in December 2013 on dgex, and again on May 18th 2014 on Cryptsy, though this time only worth around $0.05 per NXT due to btc halving in $ value in the meantime.
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Re: NxT Market Report
« Reply #213 on: June 01, 2014, 09:22:29 pm »

... there's only one left, and it's the ATH.

What is the "ATH"?
All Time High

Which was around 13000 satoshi (BTC 0.000130000) worth $0.10 per NXT, total market cap of $100 million, reached the first time in December 2013 on dgex, and again on May 18th 2014 on Cryptsy, though this time only worth $0.05 per NXT due to btc halving in $ value in the meantime.

Yes, and I still can't be convinced that back then Nxt wasn't being heavily manipulated.  Most people still weren't aware of it, and it would make HUGE swings in just a matter of weeks.  I mean 250%+, and then crash back to where it was.
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verdun2003

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Re: NxT Market Report
« Reply #214 on: June 01, 2014, 10:49:31 pm »

If you compare the relative strength (price on an alt/price on BTC), you will see that the currency that managed to do better than BTC is... NXT - when BTC went from 335 USD at its lowest point to 620 currently, NXT went from 0.019 USD to 0.05 right now - we're talking x1.8 vs x2.63 - all other top alts did less than x1.8. NXT is the only coin in the TOP20 that managed this achievement, it is a huge milestone for the currency. This confirmed trend reversal from downtrend to uptrend for NXT is a fantastic time to buy-in as investing early in trend reversals is the best entry point.

 +1

You know what you are talking about Verdun.

Have you invested in any other altcoins besides nxt?

I've invested 10% of my stack in BC following the dip we saw today - pretty bullish signs on this one with volumes coming back at it and fundamentals strengthening. I believe the primary trend has reversed as we are seing again higher highs and lower lows, MA 20d (Moving average 20 days) and MA 50d are both begining to trend to the upside, the low today closed above the MA50 showing big investors presence, let alone the volume that is coming back after 1.5 months (very rare for a coin that had such bubble).

I'm more of a swing trader (weekly trader, not day trader), so BC might go down in the short term, I believe around 30k and be creating a channel between 30k to 40k before it breaks-out. My exit is at 25k, and looking to re-enter later. Always know your exit point if the trade doesn't go the way you planned. Also, I recommend not investing in too many coins for focus purposes (max in 5 for me).

Also, if NXT breaks-out the .0001 with volume and maintains that level for some time, this is a vey bullish signal, I'll increase my position to 50% of my portfolio - currenlty 1/3rd on NXT.
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Re: NxT Market Report
« Reply #215 on: June 02, 2014, 10:23:01 am »

Here's today's report:



Nxt just lost its #3 spot. Oh well...
Darkcoin is on the rise again. Broke all my sell thresholds... Now I'll wait for it to decrease again, so I can my it back...
Nothing much to say for the rest.
Oh yes, there is one thing: Yesterday, I saw Bitcoin at $666. Is that a sign or what ?  :-\
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Ezravdb

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Re: NxT Market Report
« Reply #216 on: June 02, 2014, 10:36:42 am »

Nxt and Dark fighting for the #3 spot
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Re: NxT Market Report
« Reply #217 on: June 03, 2014, 01:05:51 pm »

NXT is trying for the 2nd time to break-out the .0001 level. If we succeed, there is no resistance left apart from the ATH's set a couple months ago. If we fail again, I expect NXT to stabilize around .00009 and try again relatively soon to attack that .0001 level again until it succeeds.

LTC, are you ready, you may have a couple weeks left... :)
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Re: NxT Market Report
« Reply #218 on: June 03, 2014, 01:06:14 pm »

Anyone know what the hell happened to light speed?  Would love to see his commentary with what's going on right now...
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Re: NxT Market Report
« Reply #219 on: June 03, 2014, 01:08:35 pm »

NXT is trying for the 2nd time to break-out the .0001 level. If we succeed, there is no resistance left apart from the ATH's set a couple months ago. If we fail again, I expect NXT to stabilize around .00009 and try again relatively soon to attack that .0001 level again until it succeeds.

LTC, are you ready, you may have a couple weeks left... :)

I am so high right now




on life
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Re: NxT Market Report
« Reply #220 on: June 03, 2014, 01:09:38 pm »

Everyone calm down now.
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Fatih87SK

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Re: NxT Market Report
« Reply #221 on: June 03, 2014, 01:12:22 pm »

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Re: NxT Market Report
« Reply #222 on: June 03, 2014, 01:12:34 pm »

NXT is trying for the 2nd time to break-out the .0001 level. If we succeed, there is no resistance left apart from the ATH's set a couple months ago. If we fail again, I expect NXT to stabilize around .00009 and try again relatively soon to attack that .0001 level again until it succeeds.

LTC, are you ready, you may have a couple weeks left... :)

We passed through, then fell back.

Here's today's report from 3 hours ago :




So... Bitcoin, Darkcoin, and Nxt are on the rise.
Everything else is either stalling or falling.
What else to say... :D
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frohlocke

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Re: NxT Market Report
« Reply #223 on: June 03, 2014, 01:14:13 pm »

A lot of hidden liquidty showed up after reaching round number.
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Re: NxT Market Report
« Reply #224 on: June 03, 2014, 01:14:32 pm »

Bitcoin Gold, Darkcoin Sex, Nxt Cash/Visa?
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Ezravdb

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Re: NxT Market Report
« Reply #225 on: June 03, 2014, 01:16:23 pm »

Bitcoin Gold, Darkcoin Sex, Nxt Cash/Visa?

calm down now

 ;D
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Re: NxT Market Report
« Reply #226 on: June 03, 2014, 01:17:18 pm »

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Re: NxT Market Report
« Reply #227 on: June 04, 2014, 10:29:37 am »

Today's report:



Like yesterday, apart from Nxt's rise, not much to say...

Bitcoin's value increase is stalling, as for Darkcoin (but DRK is still playing roller coaster)
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Ezravdb

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Re: NxT Market Report
« Reply #228 on: June 04, 2014, 10:36:16 am »

If BTC could break 700 Bucks real quick

That would be great
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Re: NxT Market Report
« Reply #229 on: June 04, 2014, 07:31:09 pm »

If BTC could break 700 Bucks real quick

That would be great

Shouldn't take too long, no major resistance ahead. We should consolidate in the mid 600's before trying to break again. We got a more serious resistance around 750.
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verdun2003

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Re: NxT Market Report
« Reply #230 on: June 04, 2014, 07:31:55 pm »

Bitcoin Gold, Darkcoin Sex, Nxt Cash/Visa?

Nxt next.
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ShawnLeary

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Re: NxT Market Report
« Reply #231 on: June 05, 2014, 03:33:57 am »

I am thinking $1B market cap by end of next year?  Any predictions?
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verdun2003

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Re: NxT Market Report
« Reply #232 on: June 05, 2014, 10:23:34 am »

I am thinking $1B market cap by end of next year?  Any predictions?

Anyone's call TBH. A big factor is bitcoin's 4th bubble - if it happens, I believe BTC can move up to $50B-$100B market cap. LTC managed to be at its highest up to 7% of BTC's market cap during the 3rd bubble. Now if you assume NXT becomes the 2nd crypto in terms of market cap and reaches 7% of BTC's level, which I believe is very probable, and would even go to 10%++ because of its fundamental value, you would have a NXT market cap between $5B to $10B which means a NXT between $5 to $10 by the end of the year.

Now, regarding the current bubble that is being formed, based on relatively low volume and absence of talks amongst the social networks, I am pretty confident that NXT will overtake LTC and go even higher in the upcoming days/weeks as said previously. So, if we talk $300 milion, that means $0.30 per NXT in the near future, which I believe is a conservative estimate, can go closer to $0.60 per NXT solely based on current volume.

When doing my own due diligence, many factors were pointing to such price development, and therefore invested 50% of my portfolio at different moments in NXT at an average buy-in at 0.000078. Now, it's not too late to enter the market, I would wait it to correct though as the last 9 days out of 10 saw an increase and RSI shows overbought. It could potentially correct back up to 0.0001 but I wouldn't take the risk to put a buy order that low - do your own investigation and position yourself according to it.
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Re: NxT Market Report
« Reply #233 on: June 05, 2014, 10:35:53 am »

I suppose today's report will please everyone's eyes :



1. Nxt rises
2. All others fall or stall.

So... We're draining money from all other cryptos, including btc.

I like that. Looks like I did bet on the right horse.
Thank you all for having done all of this, so late adopters like me can profit from it.

I'll try to repay with my efforts...

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mikesbmw

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Re: NxT Market Report
« Reply #234 on: June 05, 2014, 11:12:03 am »

I like that. Looks like I did bet on the right horse.
Thank you all for having done all of this, so late adopters like me can profit from it.

I'll try to repay with my efforts...
You're welcome  ;D
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Re: NxT Market Report
« Reply #235 on: June 05, 2014, 11:17:19 am »

Looks the same?  ;D

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Ezravdb

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Re: NxT Market Report
« Reply #236 on: June 05, 2014, 11:29:19 am »

More sell walls guys, this is getting out of hand  ;D
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Re: NxT Market Report
« Reply #237 on: June 05, 2014, 12:01:37 pm »

Looks the same?  ;D



Ooooh YES ! :D

Yesterday, I did something I never, never do:
I bought some more Nxt so to have 95% of my crypto wealth in Nxt.
If your chart is showing us the future, I may earn 3 years' salary with that bubble... :D

OK, OK, I'll calm down... ;)
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verdun2003

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Re: NxT Market Report
« Reply #238 on: June 05, 2014, 12:16:44 pm »

Looks the same?  ;D



I believe we didn't even have the bear trap, it should come pretty soon. There's no media attention yet, nothing on coindesk and no buzz on twitter - looking for NXT brings me to ... WWE.

Wait for the payexpo and the 4 big announcements, then we should be at the media attention level mon ami :)
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ShawnLeary

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Re: NxT Market Report
« Reply #239 on: June 05, 2014, 12:20:42 pm »

There seems to be an establishment silences regarding Nxt.  Its quite interesting really.  Almost if we just don't mention it, it might just go away.  Or essentially dissing Nxt: https://twitter.com/jgarzik/status/471879091600101377
« Last Edit: June 05, 2014, 12:33:50 pm by ShawnLeary »
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verdun2003

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Re: NxT Market Report
« Reply #240 on: June 05, 2014, 12:37:06 pm »

There seems to be an establishment silences regarding Nxt.  Its quite interesting really.  Almost if we just don't mention it, it might just go away.  Or essentially dissing Nxt: https://twitter.com/jgarzik/status/471879091600101377

Great news. "First they ignore you, then they mock you, then they fight you, then you... win."
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kodtycoon

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Re: NxT Market Report
« Reply #241 on: June 05, 2014, 12:46:51 pm »

There seems to be an establishment silences regarding Nxt.  Its quite interesting really.  Almost if we just don't mention it, it might just go away.  Or essentially dissing Nxt: https://twitter.com/jgarzik/status/471879091600101377

Great news. "First they ignore you, then they mock you, then they fight you, then you... win."

the cheek of him.. we are near the win phase! ;)
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Re: NxT Market Report
« Reply #242 on: June 05, 2014, 12:49:12 pm »

There seems to be an establishment silences regarding Nxt.  Its quite interesting really.  Almost if we just don't mention it, it might just go away.  Or essentially dissing Nxt: https://twitter.com/jgarzik/status/471879091600101377

Lol

Now bitcoin is also afraid of Nxt
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Re: NxT Market Report
« Reply #243 on: June 05, 2014, 12:57:40 pm »

There seems to be an establishment silences regarding Nxt.  Its quite interesting really.  Almost if we just don't mention it, it might just go away.  Or essentially dissing Nxt: https://twitter.com/jgarzik/status/471879091600101377

Lol

Now bitcoin is also afraid of Nxt

Was this answered?

Quote
OK, what happens when I trigger a 1000-block reorg, on a client that has been offline for a week?
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kodtycoon

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Re: NxT Market Report
« Reply #244 on: June 05, 2014, 12:58:54 pm »

There seems to be an establishment silences regarding Nxt.  Its quite interesting really.  Almost if we just don't mention it, it might just go away.  Or essentially dissing Nxt: https://twitter.com/jgarzik/status/471879091600101377

Lol

Now bitcoin is also afraid of Nxt

and rightly so!
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Re: NxT Market Report
« Reply #245 on: June 05, 2014, 01:02:49 pm »

There seems to be an establishment silences regarding Nxt.  Its quite interesting really.  Almost if we just don't mention it, it might just go away.  Or essentially dissing Nxt: https://twitter.com/jgarzik/status/471879091600101377

Great news. "First they ignore you, then they mock you, then they fight you, then you... win."

That was a Ghandi quote right?  Good stuff!  So true in our case.  Still a long road ahead.  The legality of the AE is going to be a major hurdle at some point in the future.  BTC has tested the currency/fiat monopoly.  I believe NXT will the one to test the next protectionist gateway, the actual markets.  So good to be here watching all this unfold.
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trl55238

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Re: NxT Market Report
« Reply #246 on: June 05, 2014, 06:02:34 pm »

NXT is trying for the 2nd time to break-out the .0001 level. If we succeed, there is no resistance left apart from the ATH's set a couple months ago. If we fail again, I expect NXT to stabilize around .00009 and try again relatively soon to attack that .0001 level again until it succeeds.

LTC, are you ready, you may have a couple weeks left... :)

I am so high right now



on life

are ya sure? lol
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Re: NxT Market Report
« Reply #247 on: June 05, 2014, 06:37:33 pm »

There seems to be an establishment silences regarding Nxt.  Its quite interesting really.  Almost if we just don't mention it, it might just go away.  Or essentially dissing Nxt: https://twitter.com/jgarzik/status/471879091600101377

Great news. "First they ignore you, then they mock you, then they fight you, then you... win."

That was a Ghandi quote right?  Good stuff!  So true in our case.  Still a long road ahead.  The legality of the AE is going to be a major hurdle at some point in the future.  BTC has tested the currency/fiat monopoly.  I believe NXT will the one to test the next protectionist gateway, the actual markets.  So good to be here watching all this unfold.

IMHO, this is the point where we REALLY need to get politicians(*) on our side in the US.  I'm not a fan of government and politics, but if you don't play that game, at least a little, you will lose.

(*) And I'm not talking about just Ron (or Rand) Paul.  A lot of people follow and like those guys but they don't have half as much clout on Capital Hill as they do with the American people.
« Last Edit: June 05, 2014, 07:01:19 pm by rlh »
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Picsou

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Re: NxT Market Report
« Reply #248 on: June 05, 2014, 06:41:45 pm »

Hello,

I've been watching bter all day (Yes very exciting) and I can see than one (or a few) whale are doing all they can do to slow the rise of the price, by putting new bid again and again and again...

can't they stop (if reading this post) ?  ;D

this fight for selling at all cost do not benefit to anyone (just my though)
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Re: NxT Market Report
« Reply #249 on: June 05, 2014, 06:44:19 pm »

There seems to be an establishment silences regarding Nxt.  Its quite interesting really.  Almost if we just don't mention it, it might just go away.  Or essentially dissing Nxt: https://twitter.com/jgarzik/status/471879091600101377

Great news. "First they ignore you, then they mock you, then they fight you, then you... win."

That was a Ghandi quote right?  Good stuff!  So true in our case.  Still a long road ahead.  The legality of the AE is going to be a major hurdle at some point in the future.  BTC has tested the currency/fiat monopoly.  I believe NXT will the one to test the next protectionist gateway, the actual markets.  So good to be here watching all this unfold.

Correct:
http://www.brainyquote.com/quotes/quotes/m/mahatmagan103630.html

Legal is a word than the decentralized protocols do not understand and really do not care about, and governments do not understand decentralized protocols. Bittorrent is still here for a reason. If people want to use the unregulated AE, they will.
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Re: NxT Market Report
« Reply #250 on: June 05, 2014, 06:53:21 pm »

Hello,

I've been watching bter all day (Yes very exciting) and I can see than one (or a few) whale are doing all they can do to slow the rise of the price, by putting new bid again and again and again...

can't they stop (if reading this post) ?  ;D

this fight for selling at all cost do not benefit to anyone (just my though)
Stable rise of Nxt is more sustainable, price spykes will create crashes. And the whale selling is good for the distribution on NXT!  :)
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Re: NxT Market Report
« Reply #251 on: June 05, 2014, 07:04:49 pm »

as long as it rises (even slowly), i completely agree with you, but when it stop rising, speculators begin to sell and the effect may become counter productive
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Re: NxT Market Report
« Reply #252 on: June 05, 2014, 08:23:31 pm »

I missed that train ;) So epic rise.

Aside of Top2 effect and big volume rise which let's NXT to trully stay on high cap level I'm curious how long can be sustained this linkage between NXT rising and Darkcoin lossing ground - i think it can soon reverse a bit.

Also, if believing coinmarketcap chart, ignoring artificial hills in Bitcoin rate it looks really stable in last days, suprisingly stable with rising trend.
This whole market looks growing. That's very nice to see.
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kLee

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Re: NxT Market Report
« Reply #253 on: June 06, 2014, 01:22:48 pm »

Hello,

I've been watching bter all day (Yes very exciting) and I can see than one (or a few) whale are doing all they can do to slow the rise of the price, by putting new bid again and again and again...

can't they stop (if reading this post) ?  ;D

this fight for selling at all cost do not benefit to anyone (just my though)
They should sell P2P, I can do escrow if they are afraid...

EDIT: With no fee of course!
« Last Edit: June 06, 2014, 01:25:27 pm by kLee »
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Johnson

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Re: NxT Market Report
« Reply #254 on: June 06, 2014, 05:35:02 pm »

Hello,

I've been watching bter all day (Yes very exciting) and I can see than one (or a few) whale are doing all they can do to slow the rise of the price, by putting new bid again and again and again...

can't they stop (if reading this post) ?  ;D

this fight for selling at all cost do not benefit to anyone (just my though)
They should sell P2P, I can do escrow if they are afraid...

EDIT: With no fee of course!

Why?

Trading via exchanges is on average more efficient (no negotiations necessary), more secure (lower counterparty risk), and every trade is seen by the public, thereby boosting the volume. The price you pay, 0.5%, is worth it.

I think the argument that you suppress prices by selling via exchange, or boost prices by buying via exchange is incorrect. 
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kLee

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Re: NxT Market Report
« Reply #255 on: June 06, 2014, 09:01:16 pm »

Hello,

I've been watching bter all day (Yes very exciting) and I can see than one (or a few) whale are doing all they can do to slow the rise of the price, by putting new bid again and again and again...

can't they stop (if reading this post) ?  ;D

this fight for selling at all cost do not benefit to anyone (just my though)
They should sell P2P, I can do escrow if they are afraid...

EDIT: With no fee of course!

Why?

Trading via exchanges is on average more efficient (no negotiations necessary), more secure (lower counterparty risk), and every trade is seen by the public, thereby boosting the volume. The price you pay, 0.5%, is worth it.

I think the argument that you suppress prices by selling via exchange, or boost prices by buying via exchange is incorrect.
Trust me it is a problem in NXT with so many whales! Been there done that....
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Johnson

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Re: NxT Market Report
« Reply #256 on: June 06, 2014, 10:34:27 pm »

Hello,

I've been watching bter all day (Yes very exciting) and I can see than one (or a few) whale are doing all they can do to slow the rise of the price, by putting new bid again and again and again...

can't they stop (if reading this post) ?  ;D

this fight for selling at all cost do not benefit to anyone (just my though)
They should sell P2P, I can do escrow if they are afraid...

EDIT: With no fee of course!

Why?

Trading via exchanges is on average more efficient (no negotiations necessary), more secure (lower counterparty risk), and every trade is seen by the public, thereby boosting the volume. The price you pay, 0.5%, is worth it.

I think the argument that you suppress prices by selling via exchange, or boost prices by buying via exchange is incorrect.
Trust me it is a problem in NXT with so many whales! Been there done that....

What problem do you have?

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Thames

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Re: NxT Market Report
« Reply #257 on: June 06, 2014, 10:45:34 pm »

Hello,

I've been watching bter all day (Yes very exciting) and I can see than one (or a few) whale are doing all they can do to slow the rise of the price, by putting new bid again and again and again...

can't they stop (if reading this post) ?  ;D

this fight for selling at all cost do not benefit to anyone (just my though)
They should sell P2P, I can do escrow if they are afraid...

EDIT: With no fee of course!

Why?

Trading via exchanges is on average more efficient (no negotiations necessary), more secure (lower counterparty risk), and every trade is seen by the public, thereby boosting the volume. The price you pay, 0.5%, is worth it.

I think the argument that you suppress prices by selling via exchange, or boost prices by buying via exchange is incorrect.
Trust me it is a problem in NXT with so many whales! Been there done that....

What problem do you have?
Getting rid of the stuff.   ;)
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Johnson

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Re: NxT Market Report
« Reply #258 on: June 06, 2014, 11:08:47 pm »

Hello,

I've been watching bter all day (Yes very exciting) and I can see than one (or a few) whale are doing all they can do to slow the rise of the price, by putting new bid again and again and again...

can't they stop (if reading this post) ?  ;D

this fight for selling at all cost do not benefit to anyone (just my though)
They should sell P2P, I can do escrow if they are afraid...

EDIT: With no fee of course!

Why?

Trading via exchanges is on average more efficient (no negotiations necessary), more secure (lower counterparty risk), and every trade is seen by the public, thereby boosting the volume. The price you pay, 0.5%, is worth it.

I think the argument that you suppress prices by selling via exchange, or boost prices by buying via exchange is incorrect.
Trust me it is a problem in NXT with so many whales! Been there done that....

What problem do you have?
Getting rid of the stuff.   ;)

Depending on the discount, I may help u.
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Thames

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Re: NxT Market Report
« Reply #259 on: June 06, 2014, 11:18:06 pm »

Hello,

I've been watching bter all day (Yes very exciting) and I can see than one (or a few) whale are doing all they can do to slow the rise of the price, by putting new bid again and again and again...

can't they stop (if reading this post) ?  ;D

this fight for selling at all cost do not benefit to anyone (just my though)
They should sell P2P, I can do escrow if they are afraid...

EDIT: With no fee of course!

Why?

Trading via exchanges is on average more efficient (no negotiations necessary), more secure (lower counterparty risk), and every trade is seen by the public, thereby boosting the volume. The price you pay, 0.5%, is worth it.

I think the argument that you suppress prices by selling via exchange, or boost prices by buying via exchange is incorrect.
Trust me it is a problem in NXT with so many whales! Been there done that....

What problem do you have?
Getting rid of the stuff.   ;)

Depending on the discount, I may help u.
I meant Klee. Im not ready to sell yet.
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Re: NxT Market Report
« Reply #260 on: June 08, 2014, 12:58:37 pm »

Skipped yesterday's report.

Here's today's:


A lot less exciting than the past few days.
Peercoin and Bitcoin are eating up Nxt sales.
Mastercoin rises a bit, Darkcoin doing the opposite.

All others get even.

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Johnson

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Re: NxT Market Report
« Reply #261 on: June 08, 2014, 06:02:27 pm »

Hello,

I've been watching bter all day (Yes very exciting) and I can see than one (or a few) whale are doing all they can do to slow the rise of the price, by putting new bid again and again and again...

can't they stop (if reading this post) ?  ;D

this fight for selling at all cost do not benefit to anyone (just my though)
They should sell P2P, I can do escrow if they are afraid...

EDIT: With no fee of course!

Why?

Trading via exchanges is on average more efficient (no negotiations necessary), more secure (lower counterparty risk), and every trade is seen by the public, thereby boosting the volume. The price you pay, 0.5%, is worth it.

I think the argument that you suppress prices by selling via exchange, or boost prices by buying via exchange is incorrect.
Trust me it is a problem in NXT with so many whales! Been there done that....

What problem do you have?
Getting rid of the stuff.   ;)

Depending on the discount, I may help u.
I meant Klee. Im not ready to sell yet.

Just helped kLee solve his problem  ;D

Great guy!
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Thames

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Re: NxT Market Report
« Reply #262 on: June 08, 2014, 10:31:59 pm »

Great guy!
And the reason why i bought into Nxt.  ;D

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DoM P

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Re: NxT Market Report
« Reply #263 on: June 10, 2014, 10:29:24 am »

Getting better with today's report :



Looks like we're on a rollercoaster. Not so good...
The price of btc stabilized
Peercoin gained some market shares. That hadn't happened for a while. Already losing them, though...

And that's about it.
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Johnson

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Re: NxT Market Report
« Reply #264 on: June 10, 2014, 12:30:02 pm »

Getting better with today's report :



Looks like we're on a rollercoaster. Not so good...
The price of btc stabilized
Peercoin gained some market shares. That hadn't happened for a while. Already losing them, though...

And that's about it.

Thanks, following with interest :)
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verdun2003

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Re: NxT Market Report
« Reply #265 on: June 10, 2014, 02:06:44 pm »

Dom P,

do you have some data on a Week on Week basis so we can view the bigger picture?

NXT is just warming up and consolidating it's second base in the primary uptrend, first base was between 650-750, now 2nd base seems to be around 1000-1100. Volumes and volatility are contracting by the day, which is to be expected when building a base. Weak hands are being shaken-out before the attempt to break the ATH at 1650. Once we break, we could see some resistance around 2100 (key fibonnaci level).

Still maintaining my price target of 3000++ within a month.
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Re: NxT Market Report
« Reply #266 on: June 10, 2014, 02:09:40 pm »

Dom P,

do you have some data on a Week on Week basis so we can view the bigger picture?

NXT is just warming up and consolidating it's second base in the primary uptrend, first base was between 650-750, now 2nd base seems to be around 1000-1100. Volumes and volatility are contracting by the day, which is to be expected when building a base. Weak hands are being shaken-out before the attempt to break the ATH at 1650. Once we break, we could see some resistance around 2100 (key fibonnaci level).

Still maintaining my price target of 3000++ within a month.
I wish. This is all I have for now. It's a script I run each day at noon to get the current data and save it to Excel.

If someone can tell me how to get historical data from coinmarketcap or some other such site, I could compute anything we want from day 1
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Ezravdb

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Re: NxT Market Report
« Reply #267 on: June 10, 2014, 02:47:09 pm »

Dom P,

do you have some data on a Week on Week basis so we can view the bigger picture?

NXT is just warming up and consolidating it's second base in the primary uptrend, first base was between 650-750, now 2nd base seems to be around 1000-1100. Volumes and volatility are contracting by the day, which is to be expected when building a base. Weak hands are being shaken-out before the attempt to break the ATH at 1650. Once we break, we could see some resistance around 2100 (key fibonnaci level).

Still maintaining my price target of 3000++ within a month.

You mean 30000 sat ? ;)
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verdun2003

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Re: NxT Market Report
« Reply #268 on: June 10, 2014, 03:12:35 pm »

Dom P,

do you have some data on a Week on Week basis so we can view the bigger picture?

NXT is just warming up and consolidating it's second base in the primary uptrend, first base was between 650-750, now 2nd base seems to be around 1000-1100. Volumes and volatility are contracting by the day, which is to be expected when building a base. Weak hands are being shaken-out before the attempt to break the ATH at 1650. Once we break, we could see some resistance around 2100 (key fibonnaci level).

Still maintaining my price target of 3000++ within a month.
I wish. This is all I have for now. It's a script I run each day at noon to get the current data and save it to Excel.

If someone can tell me how to get historical data from coinmarketcap or some other such site, I could compute anything we want from day 1

Here's a way to get a few data points overtime (won't have it per day unfo) through archive.org:
https://web.archive.org/web/*/http://www.coinmarketcap.com

Always been bad with counting 0's Ezra :) Wish to make such mistake regarding my net worth
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DrearyUrbanite

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Re: NxT Market Report
« Reply #269 on: June 10, 2014, 03:25:59 pm »

Dom P,

do you have some data on a Week on Week basis so we can view the bigger picture?

NXT is just warming up and consolidating it's second base in the primary uptrend, first base was between 650-750, now 2nd base seems to be around 1000-1100. Volumes and volatility are contracting by the day, which is to be expected when building a base. Weak hands are being shaken-out before the attempt to break the ATH at 1650. Once we break, we could see some resistance around 2100 (key fibonnaci level).

Still maintaining my price target of 3000++ within a month.
I wish. This is all I have for now. It's a script I run each day at noon to get the current data and save it to Excel.

If someone can tell me how to get historical data from coinmarketcap or some other such site, I could compute anything we want from day 1

Here's a way to get a few data points overtime (won't have it per day unfo) through archive.org:
https://web.archive.org/web/*/http://www.coinmarketcap.com

Always been bad with counting 0's Ezra :) Wish to make such mistake regarding my net worth

I have trouble with decimal places - something I blame on using slide rules too much in my younger days.
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verdun2003

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Re: NxT Market Report
« Reply #270 on: June 10, 2014, 06:59:18 pm »

Just realized that NXT is the only "coin" to have reached it's all time high since the bitcoin bubble back in december. Even Bitcoin could only reach 70% recently at its highest point vs ATH. Here's how all the other alt's looked at the time, most of the coins saw their market cap take a nose dive... -75% on average (even more if you look at the price per coin):
https://web.archive.org/web/20131229034720/http://coinmarketcap.com/

Now, that is VERY bullish as the leader stocks outperform significantly the market during the uptrend (here Bitcoin as it represent 90%++ of total crypto market). Already invested 50% of my portfolio in NXT, and thinking about consolidating my stake - I shouldn't investment wise, but the buy signals are so strong that I may have to break some rules. Isn't NXT breaking many rules in the crypto scene?
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Re: NxT Market Report
« Reply #271 on: June 10, 2014, 07:08:12 pm »

Just realized that NXT is the only "coin" to have reached it's all time high since the bitcoin bubble back in december. Even Bitcoin could only reach 70% recently at its highest point vs ATH. Here's how all the other alt's looked at the time, most of the coins saw their market cap take a nose dive... -75% on average (even more if you look at the price per coin):
https://web.archive.org/web/20131229034720/http://coinmarketcap.com/

Now, that is VERY bullish as the leader stocks outperform significantly the market during the uptrend (here Bitcoin as it represent 90%++ of total crypto market). Already invested 50% of my portfolio in NXT, and thinking about consolidating my stake - I shouldn't investment wise, but the buy signals are so strong that I may have to break some rules. Isn't NXT breaking many rules in the crypto scene?
I did exactly that. I'm 95% into Nxt. (crypto wise)
That's just crazy.
And I just added $10000 on top of it.

I have other investments, and I am actually wondering if I should sell out... My rules forbid it, but...
Damn... Nxt is too good.

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verdun2003

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Re: NxT Market Report
« Reply #272 on: June 10, 2014, 07:35:34 pm »

Just realized that NXT is the only "coin" to have reached it's all time high since the bitcoin bubble back in december. Even Bitcoin could only reach 70% recently at its highest point vs ATH. Here's how all the other alt's looked at the time, most of the coins saw their market cap take a nose dive... -75% on average (even more if you look at the price per coin):
https://web.archive.org/web/20131229034720/http://coinmarketcap.com/

Now, that is VERY bullish as the leader stocks outperform significantly the market during the uptrend (here Bitcoin as it represent 90%++ of total crypto market). Already invested 50% of my portfolio in NXT, and thinking about consolidating my stake - I shouldn't investment wise, but the buy signals are so strong that I may have to break some rules. Isn't NXT breaking many rules in the crypto scene?
I did exactly that. I'm 95% into Nxt. (crypto wise)
That's just crazy.
And I just added $10000 on top of it.

I have other investments, and I am actually wondering if I should sell out... My rules forbid it, but...
Damn... Nxt is too good.

Honestly, based on TA and fundamental analysis, I believe the risk is pretty low on NXT being a winner, therefore, having a very strong position in NXT is not so risky after all. Sure, it can correct back to .0001 or even less but I believe the bounce back to be very strong. I've slowly increased my position with the MA's, volume, uptrend etc... showing the greenlights, averaging my buy at .000078 so pretty happy right now.

Best thing to do right now is go in a coma so you avoid selling during rallies.
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rlh

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Re: NxT Market Report
« Reply #273 on: June 10, 2014, 07:48:41 pm »

Best thing to do right now is go in a coma so you avoid selling during rallies.

Nxt is going to become the forerunner of "2.0" cryptographic currencies.  I'm still not sure if it will overtake BTC any time soon (i.e. within a few years) but I see no good reason why it can't, or won't, overtake LTC within 12 months.

I have legitimately considered printing out my priv-key (which is long and gnarly) putting it in a security lock box, and just walking away for one full year.  The trader in me wants to play the spreads but my personal investment advice has been to always follow innovation.  Unless I'm somehow missing something BIG, nothing is any where near as innovative as Nxt.  Nxt is a strong BUY AND HOLD and I just don't trust myself.  Hiding money is the best personal advice that I can give myself right now.

Still... I haven't found the guts to do it.  :P

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Re: NxT Market Report
« Reply #274 on: June 10, 2014, 07:54:10 pm »

Best thing to do right now is go in a coma so you avoid selling during rallies.

Nxt is going to become the forerunner of "2.0" cryptographic currencies.  I'm still not sure if it will overtake BTC any time soon (i.e. within a few years) but I see no good reason why it can't, or won't, overtake LTC within 12 months.

I have legitimately considered printing out my priv-key (which is long and gnarly) putting it in a security lock box, and just walking away for one full year.  The trader in me wants to play the spreads but my personal investment advice has been to always follow innovation.  Unless I'm somehow missing something BIG, nothing is any where near as innovative as Nxt.  Nxt is a strong BUY AND HOLD and I just don't trust myself.  Hiding money is the best personal advice that I can give myself right now.

Still... I haven't found the guts to do it.  :P
If you can't, you can send that key to me. I'll put it in a safe for you.
You can trust me.


Always trying to be helpful...  8)
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verdun2003

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Re: NxT Market Report
« Reply #275 on: June 10, 2014, 08:10:45 pm »

Best thing to do right now is go in a coma so you avoid selling during rallies.

Nxt is going to become the forerunner of "2.0" cryptographic currencies.  I'm still not sure if it will overtake BTC any time soon (i.e. within a few years) but I see no good reason why it can't, or won't, overtake LTC within 12 months.


Actually, I believe it to be within 1-2 month rather than 12 as things move really fast in the crypto world. Can't wait for the 4 announcements to see how big they really are and how far we would be from bitcoin then, many rumors from coinbase to gocoin. Heck, I just read regarding a project of NXT developpers working on an ad exchange, I think we will be amazed to see all the NXT projects 1 year from now.
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Johnson

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Re: NxT Market Report
« Reply #276 on: June 10, 2014, 10:53:06 pm »

Best thing to do right now is go in a coma so you avoid selling during rallies.

Nxt is going to become the forerunner of "2.0" cryptographic currencies.  I'm still not sure if it will overtake BTC any time soon (i.e. within a few years) but I see no good reason why it can't, or won't, overtake LTC within 12 months.

I have legitimately considered printing out my priv-key (which is long and gnarly) putting it in a security lock box, and just walking away for one full year.  The trader in me wants to play the spreads but my personal investment advice has been to always follow innovation.  Unless I'm somehow missing something BIG, nothing is any where near as innovative as Nxt.  Nxt is a strong BUY AND HOLD and I just don't trust myself.  Hiding money is the best personal advice that I can give myself right now.

Still... I haven't found the guts to do it.  :P

Yes, not selling in rallies will be the challenge. We all want to lock in some of our nice profits, but then we know it is very likely way too soon.

I think the solution is to try to think differently about what you own. Basically one should become NXTBUG. Meaning seeing NXT as money, counting how many you have, and trying to keep that amount, sure if it goes up a lot you can spend some, but you keep it in that form, you don't convert it into other assets, because: why?

It's the best money available. Crypto money like bitcoin that you can hold anonymously, but with no inflation like Bitcoin. Sure the technology could unexpectedly break but the longer it works, and the higher it is valued, the more proven the technology becomes. Have some Bitcoins as a backup. I have 50/50 now.

And if you are successful and NXT goes up a lot in value focus on spending your NXT and openings markets, like Roger Ver and Goat do with Bitcoin.   
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verdun2003

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Re: NxT Market Report
« Reply #277 on: June 10, 2014, 11:13:05 pm »

Best thing to do right now is go in a coma so you avoid selling during rallies.

Nxt is going to become the forerunner of "2.0" cryptographic currencies.  I'm still not sure if it will overtake BTC any time soon (i.e. within a few years) but I see no good reason why it can't, or won't, overtake LTC within 12 months.

I have legitimately considered printing out my priv-key (which is long and gnarly) putting it in a security lock box, and just walking away for one full year.  The trader in me wants to play the spreads but my personal investment advice has been to always follow innovation.  Unless I'm somehow missing something BIG, nothing is any where near as innovative as Nxt.  Nxt is a strong BUY AND HOLD and I just don't trust myself.  Hiding money is the best personal advice that I can give myself right now.

Still... I haven't found the guts to do it.  :P

Yes, not selling in rallies will be the challenge. We all want to lock in some of our nice profits, but then we know it is very likely way too soon.

I think the solution is to try to think differently about what you own. Basically one should become NXTBUG. Meaning seeing NXT as money, counting how many you have, and trying to keep that amount, sure if it goes up a lot you can spend some, but you keep it in that form, you don't convert it into other assets, because: why?

It's the best money available. Crypto money like bitcoin that you can hold anonymously, but with no inflation like Bitcoin. Sure the technology could unexpectedly break but the longer it works, and the higher it is valued, the more proven the technology becomes. Have some Bitcoins as a backup. I have 50/50 now.

And if you are successful and NXT goes up a lot in value focus on spending your NXT and openings markets, like Roger Ver and Goat do with Bitcoin.

I see it the following way: think about being one of those early bitcoin holders back 1,2 or even 3 years ago. Back then, it was relatively easy to hold  0.1% of the total supply - Take may 2011 when BTC market was valued at 30 million USD, only 30k USD were required to own .1% of the total supply. A few BTC's were created meanwhile, around 50% more, so you would of owned 0.066% of total supply today, meaning 5.5 million USD. Sure, you could of tried to play the rallies/dips, market uptrends/downtrends but I'm pretty sure most of the people who bought back then own way less than 5.5 million USD.

I believe that now is your chance to be that BTC guy in 2011 by buying NXT in 2014 at bargain prices. And as adoption accelerates, you won't have to wait 3 years to see those kind of returns assuming NXT is a leading crypto, and as of today, no other protocol (including BTC) holds the promises NXT holds.

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DoM P

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Re: NxT Market Report
« Reply #278 on: June 11, 2014, 12:27:14 pm »

I guess today's report could interest some of you...



Bitcoin is declining
Dark and Nxt on the rise (Is Dark at PayExpo today?)
Others barely move.

No bubble for Nxt though I was kind of expecting it. I suppose the hype a few days ago covered that. Unless it happens in the next few days.
Time will tell.
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