Bitcoin Forum

Ever since etherum came out it seems that NXT has been on a steady decline, is this a sign that NXT is slowly dying? What are your thoughts on this?

https://i.imgur.com/IGW0uIT.png

The answer is NO

This down was expected, people dump a coin trying to make money with the next hyped one. There are also people that really believe that Ethereum and Nxt are in direct competition or that Eth will take over the world. Some are even more irrational and believe that every up and down on CMC is relevant for the long run. They can't see the wood for the trees.

SuperNet with InstantDex and a trainload of other services are near launch and Nxt is one of its core components. This is a tech that offers real useful services for traders, businesses and end users. This makes real world difference for the long run. Ethereum can join as well in future.

Agree. NXT is not dying. But there was less news over the weeks so the price declines. This is a usual behaviour into crypto currency world. The releases of SuperNET components will bring NXT price back to its former highs.

i remember that the early adopters of this coins dumped a shitload of coins so if it is dying it's well deserved, i prefer midsafe if i must choose

Nxt is definitely not dying:

1. 1.6 is coming. Features for 1.7 are in progress as well
2. There was a very interesting discussion in the dev maillist recently(not to be disclosed atm)
3. Heavily updated Nxt fork, Burst, got turing-complete scripting(so-called Automated Transaction) so Ethereum tech many months before the Eth. So Nxt can get this on-board very quickly, but for now it's better to watch the experiment aside :)

Very nice.


This post has been noticed!

By asking if NXT is dying, is like asking if Google is dying  ;D Good tech will always prevail.

Maybe the investors are a bit nervous for the declining prices of NXT! They put more attention on the price rather than the technical sides! From the replies, we know NXT is still supported by many ppl, it wouldn't die!

if your looking to make a quick buck. my advice, sell nxt...

its goal was not to compete with Bitcoin as a Currency and just judging it by the value of its nxt coins is not a good indicator.

I run a special program via the NXT API...
That estimates the numbers of "serious users" of NXT...
Roughly defined as the numbers of accounts with > $1,000 and > 10 tx in the prevoius X months.

The NXT user base has been dead flat at about 200-300 users (maybe 500 if you stretch it)...
So here you have a "growth business" that is dead flat for a year or more.

It doesn't matter what metric you use: (a) users or (b) price = NXT is dead flat...
This is in spite of adding many great new features... bolting on more features is a waste of time.

NXT growth needs to be viral... it's dead flat.

As for ETH,  it's built from the ground up to be used by banks and corporations and little guys...
It's a super-elegant design... much like the combination of DOS and Basic in 1984 that exploded...
So it's no surprise that IBM has been building on ETH for many months.

No serious business will EVER build on a platform controlled by ANONS from the Deep Web = NXT.
Plus NXT has no marketing strategy... "marketing" is constantly ridiculed in the NXT Forum...
And not only was SuperNET always a stupid idea... it simply has not been delivered.
 

Just playing devil's advocate, i've never used NXT or read much into it, I do know as a holder of NAUTcoin that NAUT is going to be changed over to NXT's monetary platform. With Brian Kelly's business and investment connections and a NAUT exchange opening soon in London with gold-reserves backing it and an airdrop into Greece, is it possible this could be something that will bring value and attention to NXT?

I use NXT and would consider myself a serious user, but your program wouldn't include me.

But I use it more as a platform than as an investment.

I actually own a lot of NXT and was promoting it here for months...
But NXT cannot succeed as a mainstream business platform.

I invested in NXT...
With the understanding that they were building "privacy" services for the Deep Net...
You know, tap into the zillion dollar revenues from anon markets, torrents, VPNs, gambling, etc...
I mean "grey area" stuff that's legal in Country A, but illegal in Country B.

You need Balls of Steel to build shit like this...
But the 10 people that control NXT are afraid to get caught jay-walking. So it's a non-starter.

Check out today's 24 hour volume on NXT AE (it's been this low all summer)...
And the Top 5 Assets are controlled by one person = "James Lee".

So there are 2 problems right there: (a) zero liquidity (b) market manipulation

https://i.imgur.com/M3hdrru.png

Paul Brody no longer works at IBM and as far as we know IBM Adept was cancelled back in January 2015.

Pangea and MMNXT aren't run by James I don't think. Pangea is a SuperNET asset so SuperNET investors own a part of it, but it's a project by separate group of people. And I think MMNXT is run by Cassius, not sure on that though.

And while SuperNET is reliant on James for his development skills, over time it should become less so. In the short term I don't see it as any kind of problem.

Part of the reason that NXT assets don't attract a lot of volume at this point is because most people just buy them to hold and don't actively trade them.

CoinShuffle is ready to be implemented in NXT now if it's not in already, so that's a pretty solid addition to privacy. CoinShuffle is supposed to be superior to CoinJoin from what I understand, and I don't know of another live implementation of it yet, so that's pretty good. Not to mention all the privacy features that people will be able to use via SuperNET, which will be substantial. So there's been a lot of good progress on the privacy front if that's a major concern of yours.

And with SuperNet you can easily use Nxt with the features of Bitcoindark, that is another huge improvement for privacy. And then you have Freemarket as a decentralized marketplace. Once again Zer0sum is making things up for his own agenda.

Or there is just no demand. You can't have volume without demand. Now whether the lack of demand is a lack of true user interest or a lack of marketing is another debate.

Well normally the business would sell of some percentage of equity for a certain price, or range of prices on the asset exchange. If they're able to raise the amount of funds they targeted then there was demand. Day to day trading between buyers and sellers of the asset who aren't the asset issuer are going to be a lot lower in volume than those fund raising periods. Obviously there are assets that don't attract any interest or demand, but then there are others who have no trouble raising the funds they need to. Day to day volume doesn't really tell the whole story about whether there is demand or not since the supply is directly controlled by the asset issuer.

There might be a day in the future where the asset exchange is so popular that that day to day trading by the buyers and sellers of assets alone results in lots of volume, but that's also not the primary objective of what the asset exchange is meant to accomplish. I see it more as a way to build companies or other investment instruments through funding, as well as an easy way to provide dividends back to the holders.

Not really ETHEREUM is at best an overhyped dogturd, at worst its a horrible scam.

Let's see: fast block processing?

Are you kidding me, the number of hardforks will be huge after the price becomes hard and the network is prone to collapse.

Not to mention they dont even have a fkin client that they promise for a year now. And when they release it it will be so bugged that alot of theft will occur due to security bugs and similar.

There are some nice assets like Liquid or MMNXT were you can get a nice return. But its not that worth when NXT price is only going down. When I loan some BTC on bitfinex or polonix to margin traders its probably lower risk and the same return. I like NXT and its my biggest altcoin hodl but I guess we can't have nice things before big boys like LSUM stops fucking around on exchanges


Ethereum have a nice volume and run now but I guess its only whale play to sell their IPO coins high. Remember last year, even coins like Blackcoin had a 20k BTC volume / day at mintpal. Its not that special like it looks. Depression will come also here with time

Market is still in the day trader and early bird IPO phase.  People just saw 5x-10x ROI on Ethereum and yet you're asking them why they aren't coming to NXT: which has slowly been falling in capitalization for months now?  



It's simple if you are a believer in NXT technology then you buy some and wait for it to take off.  Waiting 5 or 10 years is nothing if the end result is you are early retired and kicking it on some beach in the Caribbean.

Everyone thinks the limit is $18 billion per December 2013.  People with foresight know if crypto does take off then it will later be a trillion dollar industry and random alternates will make you rich.  It seems surreal but a few thousand or ten thousand people getting rich is a drop in the bucket with 7 billion people in the world.

all alts are slowly dying, its all a scam

nxt is far from dead

Nxt is great. I love Nxt!!

Oh: so you've actually had someone borrow from you? When I last looked at the loanbook, all I saw was suppliers (lenders) but no demanders (borrowers).

They borrow automtic from the lowest offerer when they open a margin position. Most people do not change the preset 2%

Okay, thanks. :)

finally some cheap NXT! FINALLY!

Next alt...

NXT is not dying.  But growth has been stagnant.  The question you should be asking is how many years can the project last with almost zero growth.

Quite a few, no wages, devs very committed

The low price finally puts to rest all the jealously around the IPO  73, everyone in crypto has opportunity to buy 100k NXT for their hodl savings, no excuses at this price

Obviously you troll, if you would have bought some it would not have fallen further.
Maybe you only had a minor mishap of getting some fiat organized but as luck would have it, it is now cheaper again, FINALLY!

The long bear market has hit almost everyone, Bitcoin included. I believe the release of the superNet project will mark a definite change of pace.
No excuses not to buy some at this price.

It might.  Still a risk at any price.  Though the lower price does encourage people to take a look.

I never thought see that price to next again, When finish downtrend could?  Is going to levels mid December 2013 it?

How much capital do you think I have at my disposal? :D
Now I buy about 500 per week. Although I might have been partly responsible for the recent spike, no denying.

i like nxt...it seems technically impressive.

the uh....slightly dogey circumstances of release were an issue

....i feel you should hold some nxt.

i like peercoin, the best of alts....i think.

That's actually the smart way to buy Nxt: buy regularly, one buy each fixed period, and "dollar-cost average."

In what way do you consider the release to be slightly dodgy? If anything it's one of the fairest PoS releases in the post-PPCoin/Peercoin era. From what I understand it was 2 months, publicly announced, full disclosure, open to everyone ect. What else could you want?

The initial distribution was one of the worst possible, but at this point it is irrelevant. As it turns out having most coins in the hands of a few made the high price possible.

I am surprised to see it going nowhere looking from the outside, I think the main issue is that you have a closed group who backslap each other creating an echo chamber. This issue affects Bitshares too and I hope to avoid it.

#dump # dead #premine

Between the constant stream of NXT development releases adding major features and then all the SuperNET development which also directly affects NXT I think it's definitely going somewhere. If we're talking price specifically, then yes both Bitshares and NXT have been hit especially hard from the long term overall crypto bear market.

This specific thread though is only around because one person decided to sell a large amount of NXT. It's an overreaction and the reality is that NXT and related projects are running at full throttle based on all evidence that I've seen.

 Great time to buy cheap coins, nothing more.

If so, no great loss. Thousands of other coins available and new coins coming daily. Whats the fuss?

When people talk of nxt dying, it only means some people are getting cheap coins.

dat dumps on polo

when one guy can dump that much and is fucking the market, NXT probably deserve to die  :(

If cryptos deserved to die because of one large holder to decides to sell then they'd all deserve to die. Even Bitcoin. Remember the 'bearwhale' not too long ago?

The price drop comes more from the fact that this particular person has an odd way of selling their NXT. They let everyone know in advance and try to get a good price for it, but then they get impatient and start dumping. The fact that the person telegraphs their sale makes other people decide to sell because they know they'll be able to buy back cheaper when it bottoms out.

It's a cliche, but the person selling off this NXT is actually a good thing as it just improves distribution. If peoples main issue over the years with NXT has been their fear of a poor distribution because of the way it was launched(which was fair, but 'only' 73 people sent in BTC), then by now they should be happy because there's been a lot of selling and a lot of distribution over what's soon to be the last two years.

I agree that NXT would benefit on a better distrubution but I doubt that dumping only is a smart way to do it.

What about all the assets and assetholder? They also losing value on these permadumps.

Ethereum killed NXT.  Abandon ship!!

The only people that even give 2 shits about NXT are all in this thread trying to run their FUD game on Ethereum. You really should be ashamed of yourselves.

So you 'give two shits about NXT' Welcome to this wonderful community friend 😁

Hahaha funny! No.  NXT is dead and it's going the way of the Dodo. 

You should rename it Dodo coin.

nah.. just for now slow falling it will raise again

NXT is not dying, but I don't see it growing either. maybe instadex will bring in new users... we'll see.

NXT graph is like population of dodo's over time.

C`mon this must be the ultimate FUD thread ever, ETHEREUM is a crappy coin that doesnt even have a working wallet.

Its most likely an overhyped sensationalist turd, that promises alot but delivers nothing (like politicians)


Ethereum is a politician coin.

NXT is a real business oriented one.

Stop flogging the dead horse.  NXT is dead, gone, done for.

Ah man, many trolls in this thead as it looks like most of them newbies or jr members, that tells alot.

NXT is the most innovating crypto out there, perhaps next to HYPER and GEMZ

NXT is definitely not dying and I doubt it ever will. Their still in the top 12, and it seems that other people don't seem to think it's dying.

Bro, just ignore the naysayers, they are just trolls, look at them nembie and jr accounts come here to teach us that NXT a 80 million $ market is dying because of a scammy wrongly planned & executed hype named ETHEREUM.

They are 1 year ahead and they dont even a wallet, atleast NXT had a wallet within 1-2 weeks that actually worked.

Says the "Virocoin" guy.  ::)

NXT's biggest issue is marketing, and that shitty logo.

Ethereum had the better marketing, and had the bucks behind it.  *shrugs shoulders*.

Nxt returning to Mid December 2013.  It doesn´t look good.

Ethereum had lots of known players with lots of connections.  NXT had/has lots of anon's with few connections.  That is part of the problem with being anon. 

Anybody else having problems getting the NXT server to start after they updated their Java? I haven't been able to open NXT for like a month now. I assumed some incompatibility issue - along with the launch of Ethereum - was the reason for the drastic price decline.

when you download the new nxt version make sure you do:

1. ./compile.sh
2. ./run.sh

Thats if your on linux. But as for Windows, best to just download the latest and run the new windows .exe installer.

I'm on Java 8.

nxt is taking more of the organic approach since there is no foundation or company behind it that's really pushing it forward. i guess you can look at it as it taking the approach of how the internet was back in the early days.

build it and people will just come.

But they won't. 99.9999% of people couldn't give a flying fuck about smart contracts and cryptography. To spread this concept of decentralisation to enough people to make something like decentralised computing even work takes an organisation with aims and coordinated plans.

Bitcoin created this 0.00001% market.  Up till now, all the Altcoins are just operating inside the market that Bitcoin created. Cannibalising the market cap of Bitcoin. The biggest example is Bitcoin is the only thing that you can really turn into cash, all the Altcoins are typically bought and sold with btc.

If this decentralised blockchain concept is to make waves in a market outside BTC market and maybe expand that market to 0.0002% it will need a strong team and ambitious plans. There is no way something like Ethereum could survive if it's only market was all of you lot on this subforum.

Any clone of BTC or LTC is cannibalizing Bitcoin.  But blockchains will be very big someday.  There is A LOT of room for expansion and specialization.  Only one chain can't do everything well.  To that end other chains are good to meet special needs of niches.  NXT is a great example of how that is being done and introducing new tech that isn't found in BTC or any other platform for that matter. 

 

As much as I like Bitcoin, i think this is the correct way, BTC should not be, nor any other crypto should be a sole dominator.

We need constant competition, thats what capitalism is about, perpetual competition and no monopolies.

The more cryptos out there the better!