Bitcoin Forum

Why is trading volume so low?

All these jealous haters. Bitcointalk has become a very exhausting place because of all these trolls. It's time to move.

Other theories?

As some one who has invested and continue to invest in NXT I have to say I'm starting to get a little concerned about all the questions like this one, that go un-answered.

I don't understand the dynamics etc of Crypto's but generally read up and take in what others say and either invest or move onto the next coin.

Im seriously considering dumping my NXT portfolio and I am sure others are starting to feel the same.

Cheers
Mark

I think that because there aren't miners dumping plus many of the investors only buy and hold planing to use it in asset exchange or incoming nxt features (at least is what I do, why would I want to trade them for bitcoins or other unesefull things?) instead of trying a pump and dump like in rest of shitcoins without any future. In adition, whales don't seems want to dump, they know what they have and don't want to sell cheap.

I'm classified as an 'early adopter' according to the statisticians from NxT.

NxT used to be $0.11 before the crypto community found out how terrible the distribution for NxT was, this was months ago.   Others also dumped due to coding quality and other things. 

That was the main reason for the dumping / stagnating decline; coinciding with the arrogant attitude by the NxT whales that it was 'fair', 'that they deserved it', the epitome of irrational rhetorical greed which reminds people of the real world 1%.   NxT is only a step up from Ripple and Neutrinocoin.

Pal, we are talking about Nxt not NxT.

So, you might consider opening another thread for that crypto.

About 0.5% to 1% per day of NXT is trading. This is not an unreasonably low amount
In fact bitcoin trades about the same per day.

Why is it a negative that NXT trades as much per day as bitcoin?

Whenever something trades 10%+ of its marketcap per day, then something is out of whack.

NXT has a lot of long term investors, so does bitcoin. That is why the trading volume is low. If people dont understand that they should sell. I will be glad to buy from you.

James

https://i.imgur.com/r7xhNng.gif https://i.imgur.com/r7xhNng.gif

You deserve a double facepalm for this complete nonsense.

Don't know if you're one of the whales or not, but the aforementioned arrogance I mentioned just displayed itself.  NxT is not only bad distribution / scam but a very hostile community.

I find this statement most valuable. So, Nxt currently behaves like Bitcoin.

Therefore, no need to worry, right?

Would you please stop posting about another crypto here?

Nxt is highest ever right now. It was 0.10 back in January but that's not because Nxt was higher, but because bitcoin was close to $900  so even lower Nxt/BTC  price was higher in fiat back then.

All these questions? What questions? I've had many questions, too, but they are all answered.
To this question: There are certainly many reasons. First Nxt is available on way fewer exchanges than Bitcoins clones. That is because Nxt is no Bitcoin clone so you can't copy paste the programming details for implementing a coin. And not copy pasteing costs more efforts and money. Another reason is that there are not so many daytraders that trade NXT which is also because no major exchange added Nxt yet but also because daytraders are not familiar with concept of NXT. It's different than Bitcoin, maybe a little more complicated. But the main reason is certainly the bad image of NXT. Most people here on BTT just spread FUD about NXT so people are sceptical although all doubts could be resolved, if people would investigate a little. I don't care for volume or price right now. NXT is undeniable the most promising crypto and if people don't the see it I don't care. NXT will be successful with or without trolls/FUDster and whatever. Businesses are seriously considering NXT as platform, there are dozens of projects coming which are insanely awesome. NXT doesn't need the BTT community, it doesn't need major exchanges and it doesn't need daytraders who are just want to make quick money. For more information have a look on nxtforum.org (especially if you don't believe me).

Context should tell you he is talking about the same thing. .11 per NXT highs, ridiculous profit off initial distribution.

I appreciate someone from the inside admitting this fact, TaunSew, thank you.

Define "low"! Coinmarketcap lists Nxt's volume as 9th in rank... higher than Peercoin, Namecoin, Counterparty, Mastercoin, and countless others.

Bitcoin amounts to 84% of all crypto trading volume; Litecoin is next at less than 8%; and EVERYONE else is under 1%.

Personally, I think the low volume is due to the exchanges on which Nxt is listed.  We are not on BTC-e, Mintpal, Bitfinex, Bittrex, or Kraken.  And the reason we are not on those exchanges is because the Nxt software cannot -- like any other QT-wallet altcoin -- be added with a few minutes of work.  Exchanges like Vault of Satoshi have said they'll implement Nxt, and have balked after realizing it's not just another alt.

One of the most key developments in Nxt which is NOT getting enough attention is the "adaptor" for the Bitcoin API: a piece of software that translates Nxt's interface to one that looks more like those used by Bitcoin and other alts.  Once this work is complete, all of the high-volume exchanges that have been ignoring Nxt will have an opportunity to implement it more easily.

Progress on the "Bitcoin adaptor" can be followed here: https://nxtforum.org/general/adaptor-for-legacy-bitcoin-protocols

Yeah, sure coming from Nem supporter whose leader was caught pants down claiming stakes using sock puppet accounts and had to resign because of that.

UtopianFuture took those sockpuppets off the stakeholder list before taint analysis even began and he didn't make any money from it.  Satoshi and BCnext also used sockpuppets to promote their coins in the beginning, to make it look more popular / exciting than it really was at the time.  Legitimate marketing technique.

NxT is still this coin with scam like distribution.

Facts? All time high of price is now, not to mention development achievement. PS TaunSew edited his original post (https://bitcointa.lk/threads/nxt-why-is-trading-volume-so-low.328897/#post-6997520) where he posted $0.86 at first. lol ;D

"TaunSew" you are putting pretty bad light on NEM with all your nonsense anti-NXT ramblings these days. Shameful for the entire community given the fact that most NEM supporters come from a NXT background.

You still haven't answered my questions in the article you wrote. How do you judge value? You only talk about price.

NxT.  20 people invested 1 BTC limit.  No taint analysis or any measures to root out sockpuppets.  NxT is easily 5 people w/ sockpuppets who are now multi-millionaires.  If NxT hits half of BTC's market cap then there'll be new billionaires overnight.

NxT is the samething as Marinecoin and Neutrino, Gliss needs to take away the whale premine from NxT (like he did with Marinecoin).  True capitalization (removing premine from initial whales) of NxT is probably 5 million or less.

There is  no proof that Satoshi and BCnext used sock puppets to promote to enich themselves. UP was caught pants down claiming stakes with sock puppet accounts

No he wasn't.  It's legal in NEM to claim a second stake for somebody else.  He had a second account called Ghosthouse and that was it.

Your other sockpuppets you claimed he had - were junk accounts made back in January / February that were removed from the stakeholder list back in early March.  He only used those to promote NEM in the beginning when it was NEM vs Frictionlesscoin's project.

IIRC - as I was in NEM since the very beginning - the reason they made NEM so cheap was because Frictionlesscoin wanted 1 NxT for 50 NEX or whatever coin he had was called.

because there was no need for taint analysis back then because people were not investing in IPOs with sock puppets back then. It was totally new thing and most were skeptical about it.  Plus "taint analysis" isn't bullet proof. Nem IPO was accepting payments in NXT and there was no taint analysis done for any of these accounts.

After Nxt incredible success all other clones and copycats (like Nem) popped up with "me too" and they had to now deal wit sock puppets

I glad you listened to my correction when you posted the minimum was 1.5 BTC earlier today  ::)  https://bitcointalk.org/index.php?topic=651057.msg7307304#msg7307304

You aren't an early investor TaunSew, you know too little. Stop derailing the thread.

Utopianfuture was a huge advocator of NXT so i support it just the same.

NEM FOR THE WIN

Fine, your bit has been said. Back to topic.

Yes I was.  One of the head cheese for NxT made a "NxT IPO statistic" graph and he concluded practically everyone until December as an early investor, which was when I bought my NxT.

NxT's distribution was so bad that they had to manipulate statistics, just like the US government on unemployment, to make it look less scam like.

In his resignation he admitted he had many other sock puppet stakes but "forgot" passwords for them. "dog ate my homework" line of defense

Thanks for your reply, as I say I'm a bit of a noob when it comes to the technical side of it all.
The OP's question has now been answered as far as I'm concerned, and as for the NXT forum, I am indeed a member on there, and have received help several times from users on there.

Im off to sell more of my coins I have mined today and buy a little more NXT

Cheers
Mark

Link?


how is it now?


and proof?

You are most likely a liar like your NEM leader, UP. Post proof by providing the account ID then sign something to verify it's your  account.

https://www.google.ca/?gws_rd=ssl#q=NxT+IPO+distribution

The links all go back to January / February, you've probably read the graphs too. 

A better link. Which question are you trying to answer? there were 3.

The guy lies about everything. He didn't know Nxt is highest ever right now

Yeah I get that  ;D Pretty persistent against Nxt tho  :D

Pretty ironic as not only all Nem developers came from Nxt background, but Nem is using Nxt AE for prelaunch distribution -- guaranteeing that all Nxt whales have large amount of Nem stakes.  

So if Nxt success will make them "billionaire" , then so would  Nem  success. 

which crypto was the cryptocurrency sponsor of payexpo.com?
BTC or NXT?

http://www.payexpo.com/page.cfm/Link=10/t=m/goSection=16

Is payexpo some small regional trade show?
nope, over 3000 attended: http://www.payexpo.com/files/payexpo_2014_attending_companies.pdf

what was the question again?

James

That in fact jeopardizes NEM's acclaimed fair distribution, right?

I did not know about the sponsor thing. That is cool.

The World Cup dumbasses!!!


That's where Europe and China is focused on right now.

You're assuming that I am virulently anti-NxT.  All I have been doing since February is when people ask me why NxT's capitalization / volume is so low, I tell them the truth that people dumped after realizing they were buying into a get quick rich scheme for 20 wealthy wallets (less than 20 people with sockpuppets).


I come from a NxT background and still use NxT but it hasn't gone anywhere in 5+ months after the public found out about the distribution.  It's not me who is spreading it, although I bring it up on here, most people find out by the distribution through google searching independently on their own.   There's no chance that NxT can go anywhere.  NEM is a better vehicle.

BTW - many NxT people have NEM stake - WeshleyH who designed NxT wallet is on the stakeholder list.  Anyone can check the stakeholder list and find major NxT contributors on the NEM list.  That doesn't include NxT developers who anonymously registered for a stake under a different name.

Where do you think Nxt should go?

You are. You have constantly for months posted anti-Nxt rants.

It's funny you are so jealous of early Nxt investors but yet they can buy dozens of Nem stakes on Nxt AE helping them getting richer if Nem succeeds.

I am not assuming anything. All I can see are your uneducated posts clearly aimed at spreading hatred / false information.



Completely wrong. Fact is the complete opposite of what you are saying.



That's right, many NXTers have a stake in NEM and so do I. Given the fact that NEM is traded on NXT's asset exchange, largest stakeholders in NEMstakes are indeed NXT whales apart from the dev team who come from and were inspired by NXT after all.

Got more claims?

p.s. I am neither a whale nor an original stakeholder in Nxt (respect to those who realised NXTs potential back in November '13!).

Yes, NEM is so much better than anything else. It will be worth > 1 BTC each!

If you actually made statements based on fact, maybe people would actually listen to you

How can NXT be at payexpo as sponsor?
How can NXT make presentation to 3000+ financial industry guys to a positive reception

NEM > BTC and NXT -> 0 that is your position right?
I got a stake of NEM, but I also bought some DUCK :)
Most NXTers buy other crypto IPOs so they can sell when it gets traded and buy more NXT.
we all must be idiots when giants like you say NEM is the future.

James

History repeating itself...  ::)

Bump, unanswered...

I am pricing Nxt in $Fiat, not BTC.  I myself came to NxT independent from Bitcoin; which is the same for many early users of NxT.  If Bitcoin went to $2000 BTC - NxT isn't guaranteed to follow as every indication points to traders pricing it in $Fiat, despite using BTC to buy it (the latter is more convenient).

In that sense - NxT has gone nowhere since February (in capitalization terms).


Where will NxT go?  Status quo it doesn't appear to be going anywhere.  If I think NxT can go somewhere then it's with the extension of the NxT ecosystem and interchangeable use between NxT descendents and/or other Java based coins.  That being said, when the mainstream possibly thinks NxT is a distribution scam / get quick rich scheme, you're resting on the assumption that the investor slack will be picked up by someone like Richard Branson or the Winklevoss twins will dump $100 million on NxT (it could hypothetically happen but it hasn't happened yet).

Given Nxt (like all other crypto) has only been traded in BTC, every single person bought Nxt in BTC. So Nxt is highest ever right now at #3. It obviously has gained more than any other crypto in past 2 months, more than even BTC

Any shred of proof?

$68 million dollars and third biggest crypto says more people think every other coin but two are more of a "scam / get rich quick scheme" than Nxt.

I like the softening of your language though, the use of the word 'possibly' makes it seem you are no longer content to state baseless assertions as fact.

NEM will exceed ALL shitcoins

+1 You're right but most trolls know nothing and is entertaining  :)  I miss it a little from the megathread so I need a fix now and then. Now watching Come-from-Beyond go toe to toe with the BTC devs, that is something epic  ;D The best kind of trolling.


I'll go do something useful.

NXT low volume is easily explainable.  Whales won't pump it because they don't want to get dumped on.  The ball is not in the whales court even if they throw a bunch of BTC at it.

It says a lot when people like Wolong will pump garbage like Earthcoin and Unobtanium, but won't touch NXT with a stick.

There are too many people who will make too much money by selling now, to the point where they have no care about price in the future.

This is not "FUD", this is a critical NXT problem.

Nxt have their own whales "whales 2.0?" same as bitcoin have it owns and no one with $ pumped it because they would get dumped too :)
If any whale want to quit now, let it quit and dump his millions, but if I were a whale, I would hold and sell slowly "Is the best option for me..."

Market price does not matter.

+1 agree. buy Nemstake with Nxt.

First highlighted part:
- Are you talking about marketcap? That is higher than ever (BTC is about half of what it was back then).
- The technical side? We've had just about everything that makes up Nxt right now implemented in the last 5 months.
- Marketing point of view? Well, let me remind you about the huge success from the last tiny conference: PayExpo.
- Users, well by now you know the trend: increased and still rising (of course)

Second part:

I hope so. I have several stakes in Nem, but I just know there are many people with dozens of stakes. Especially with the trading in Nxt AE.
Those will show themselves after the launch.

No, I cannot. I hoard NXTs to prepare a 51% attack.

how can you possibly be touting both NEM and NXT?

NEM seeks to replace NXT.

you need to get your story straight.

-bm

i really love u man

And every time I've ever looked at the exchange for NXT, there's the same guys over and over with their stacked sells of blocks of 10,000 in a row, or whatever the number was.  The problem is that too small amount of people was given too much profit out of thin air for doing nothing.  They have no incentive to hold when anything they sell is insane profit compared to what they put in, and if they don't sell, then the coin is broken from no user base.  Quite a paradox, huh?  This is why most people just brush NXT off as a completely broken concept or scam from the ground up.

Mining period has to be longer than literally 1 second for a coin to succeed.  One week is not long enough either.  Peercoin is one of the few PoS coins with a sane mining period, although the coin is completely broken from stupidly high transaction fees.

I feel the same with bitcoin sell blocks in btc-e for example... 2000BTC "beatufill number for be full of bitcoins..." All this coins are holded by a minority "majority of miners are registered in this forums, so count them and compare to a city, country or world population for see if this means something.
If they are smart they will go selling slowly for take more profit, let the price increasse, and even hold a good stake "and this seems exactly what they are doing"

You are setting peercoin as an example... really? did you see the charts? I mined 6k a day with a single 5970hd and dumped all of them because chain was broken or something strange that I don't remember well "stupid movement from me, i know" Now they are fighting with asics for get one full coin daily... Is all the SAME
First come, first serve
And scam isn't a good definition for nxt I think, scams are many other ipos that promise something and deliver nothing, nxt was a risk investment and inverstors get rewarded "a lot, yes" but when you say scam, you mean ENVY

You are virulently anti-NXT. You've done nothing but talk unjustified smack about it in this thread.

The irony is you don't realize NEM is nothing without NXT. You should be rooting for a stable NXT so NEM has a chance to thrive, but instead you are just spreading mistrust and false information. You are pretty much just shooting yourself in the foot every time you comment on NXT or NEM.

Who wouldn't for a free stake just by saying 'interested'?


Proof?

*sigh* Source?  ;D

If the people with large stacks were not interested in Nxt, they would have dumped at the first spike. Or the second, or third. Check the blockchain, some 50million accounts have not moved any of their Nxt. The largest selling, measured in hundreds of thousands, is done on exchange threads so as not to effect the price. Nor would they have paid for the development of Nxt to become the most advance crypto platform yet devised.

Mining is Nxt didn't happen. The time to claim a stake was almost 60 days. Check the ANN thread.

NEM was blown wide open as a scam recently.

Trading volume for NXT is fine if you compare it to other coins in the top 10 and not just the big 2 (btc and ltc).

Scam my ass. MRO guy jealous!?

Define 'too much money' for me. And why should we care about this Wolong if all he does is just pump micro-cap sh!tcoins?

Pot calling the kettle black.

Why spam the threads so much if you are secure in what NEM can do? I just saw you in the official Nxt thread. Are you hoping for a pump and dump?

Wrong Quote dude
NEM ftw

No. Nxt for the win.

What is NEM? Nobody knows.

Nxt number 1, buy it while its cheap.

Utopianfuture gets stupidly caught red handed with sockpuppets, expects everyone to believe he won't create a sock puppet and carry on as if nothing happened.

Nxt is cheap get it while you can.

Hey, I can do it too  :D :D :D

Spammity spam spam...

NEM continues to hang desperately to Nxt coat tails, must mention NEM wherever Nxt is discussed. Nxters know about it as it was born from Nxt. Nevermind, hopefully Come-from-Above will poach some noobs for a pump and dump from their threads.

Nxt ftw.

delusion... Dangerous Daedelus. Delusionalius

For a 6 years old child 5$, for a jobless guy, maybe 1000$, for an early crypto investor, 100k or even more, for a whale whit 1 million... around 10millions, and when he have 10 million, 100 millions are much. If the guy with 50 millions didn't dumped yet is because he knows what to do and woudln't dump, he will buy his house, ferrary and so on without dumping "hope :) "

I know you don't do real debate but even that was weak  ;D

Nxt on top, get it while it's cheap.

NXT trading volume is so low shows that the market cap is artificial.

If anyone really tried to sell anything of substantial amount the coin would crash to nothing.

Even Litecoin can trade $10,000,000.00 per day regularly and the market cap barely changes.  This is a sign of a healthy coin.

NXT trades $500,000 on a day and the market cap of the coin goes up or down 10%++.  This is a sign of a sick, sick illiquid market.

Be warned about NXT.  You may get in, but you can't get out!

NXT had the most unfair launch in the history of crypto.

No one should support it on those grounds alone.

I would much rather support Ethereum, SafeCoin or any other the fairer launches that were not designed to make 50-70 people billions on your back!

Not that many people have it I assume.

How many people were involved in the launch and how did it launch? The replies to this are always entertaining  :D :D :D

People should really worry about LTC, massive sinking ship now technology has caught up. Especially now people know about Nxt. Just feel sorry for anyone who spent thousands of dollars on mining gear recently. Down trend continues, so sad.

The country coins had their unclaimed premines removed from Coinmarketcap.  Which is why we no longer see them in top 10 anymore.

Gliss should remove the whale premine from NxT.  Nxt would be less than $3 million capitalization based on its' current volume (it has less volume than Monero which is $2.5 million capitalization or Cinni at $1 million capitalization.

NxT whales act arrogant and pretend they don't know why the community thinks NxT is a scam.  Lol.  Just read what I write, NxT has less volume than Cinni and yet the owner on coinmarketcap lists NxT at $60+ million.

All 1 billion coins left the genesis block > all coins claimed. It isn't hard to check these things before you make them up. People are more likely to take you seriously.

Isn't the truth there to see if you look?

Cinni Coin - market cap $1.5m trades more than NXT every day.

NXT is just like a country coin, the difference being that instead of trying to reserve coins to distribute fairly among the citizens, a few sick bloated greed gluttons own ALL of NXT.

The NXT pre-mine scam coins should be removed from the market cap, and we would only show distributed coins not in whales direct control.

Those distributed coins  = maybe an ACTUAL market cap of $2 million based on NXT volume.

Well said.

NXT is lucky if it breaks $100,000 volume in a day, actually the last 6 month trading volume for NXT is LESS THAN $100k.

It is proof a few whales own all the coins, and are selling a trickle to finance sock puppet promotion of the scam.

Then today is your lucky day, $180,000 in last 24 hours  ;D ;D And the same luck yesterday, and the day before. $2.2 million dollars around the PayExpo. Average is around $200,000 dollars now I'd estimate. Again, these things are easily checked.

Third place Nxt, closing on LTC everyday, has the 8th highest volume on a day of huge dumps. Our low volume today shows the strength of Nxt.

Still less than Monero and Cinni.

Gliss on Coinmarketcap should adjust NEM's capitalization calculation.  NxT's real capitalization is less than $3 million

How so? The Genesis Account is empty.

And Blackcoin and Doge, so all the crap coins are being dumped more than Nxt. This is a bad thing? Third place Nxt, closing on LTC everyday, has the 8th highest volume on a day of huge dumps. Our low volume today shows the strength of Nxt.

Keep it coming, I enjoy the logic displayed ;D ;D ;D You need to change subject faster though to be up there with the most accomplished fudsters. And know a bit more to, so then you can misrepresent the truth slightly, rather than inventing things  :D :D :D  I'll catch up here later.

Doesn't matter if it's full or empty.  There are posts from NxTers, back as November, who moved their funds out because of wallet hacks.  Even in Bitcoin - Satoshi doesn't keep his 1 million BTC in one wallet, he scattered it into hundreds / thousands of wallets.

Again, you show your ignorance of Nxt. The Genesis Account is the issuing account for 1 billion Nxt. For unclaimed coins to exist to effect the market cap, they would be in there and undistributed. The blockchain proves otherwise   :D :D :D

We need to start a campaign on this.

Gliss needs to adjust this - NXT is just = Ripple.  Same fake market cap.

+1

Coinmarketcap campaign to recalculate NxT capitalization. 

WTF are you talking about, asshole? All 1 billion Nxt were distributed to stakeholders.

Funny Nem supporter is using the "premine" word borrowed from dogecoin troll, given all 4 billion Nem would be "premined" by that defintion.

If Nxt whales will be removed (even though all acounts are active), why not remove whales for all other coins?

How about removing top 60 addresses of peercoin?

http://bitinfocharts.com/top-100-richest-ppcoin-addresses.html

something like 50% of peercoin are controled just be 60 addresses

Litecoin is just as a bad

http://bitinfocharts.com/top-100-richest-litecoin-addresses.html

Nxt has better distribution than all these coins.

So what's your point about removing only Nxt whales?

Not sure. Recently, there were $2,000,000 trading volume. Now, it is $200,000.

I was wondering why it is that why. However, James actually explained it very well.

$200,000 = normal, like Bitcoin if you compare the proportions
$2,000,000 = exceptional

Trading volume is NOT low

When our best marketplaces will be live our volume will go through the roof:

http://i62.tinypic.com/fkskty.png


In before:

these are only whales selling to eachother BLABLABLA

Taunsew I feel bad for you for selling that early now that Nxt is taking off man

Lack of interest. But on the oither side price doubled last month.

I do not think so. Volume is within normal range now. It was 10 times higher during the time when Nxt attained his 3rd place on marketcoincap.