I don't think NXT is dying. They have a good, enthusiatic team. And I think they are well funded. They are a major sponsor in the upcoming Payment Expo.
A decent development team is about all they have going for them. Waning user adoption and interest, lack of merchant acceptance, lack of VC investment and legitimate business interest. Part of NxTs problem deals with not having first mover advantage and another part of it is its tainted and questionable ICO. Bitcoin has enough problems with Satoshi being anonymous and possibly controlling between 2- 5% of all Bitcoins that will ever be mined but at least it was a fair POW distribution where anyone can mine. It is very likely (based upon the evidence) that between 5-9 users control most of the stake with NxT which is very troubling and why most people are apprehensive about getting involved with NxT. This will continue haunt them just like Paycoin, Dash, Maidsafecoin and many other coins that didn't have a fair launch. Thanks for giving a fair and informative post. So I guess it's in the hands of the NXT whales then if they want NXT to succeed. Imo, they better make use of their stash than hoarding them. |
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Right.. Wrong, whatever. The question is, will Cryptsy be liable?
They are already liable in the court of public opinion , probably too insignificant for any agencies to go after , but certainly will bring extra scrutiny to its users and themselves. If no one will go to prison, it won't matter. |
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... Linux will rule the desktop?  If that makes you laugh you're probably smoking too much. Nope, Linux is just the #1 for servers, routers, mobile devices and super computers - the world would be boring if everything was running Linux. I guess I'm not a real Bitcoiner, because I didn't buy, but I am very ashamed about that as specified in the title if that makes anyone feel better. It is funny. I was one of them back in the day. There was even a Desktop Linux distro once. It was a time when Mandrake Linux was number 1 at Distrowatch. Good times. |
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A real bitcoiner will 'mine' it instead to buy bitcoin, or am I wrong? I think your point of view is valid until a cert point, after that point it will be only a speculation... and this is why bitcoin dumped from 1000 dollars to 200 dollars (and a lot of people are still waiting the pump  of 1k or 10k dollars). So the industrial miners, who have been dumping BTC are the real Bitcoiners now...? |
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The name doesn't say much about a person, smart persons often just don't care how people call them, or just go and pick a rather ridiculous name themselves.
Real names don't say much about a person, because you didn't choose your name, but a nickname on the internet is something you have chosen and it usually says something about you. Didn't you mine for digital currency at some point in your life? ... Linux will rule the desktop? |
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Right.. Wrong, whatever. The question is, will Cryptsy be liable?
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CMC != economy
There are many more ways to judge the relevancy and usefulness of a coin other than market cap. NXT is dieing and become less relevant for many reasons. Most of the assets associated with Nxt are scams and ponzis as well. Show me a millions of dollars flowing of VC funding flowing into a NXT project or a large change in merchant adoption and I will recant my concerns of NXT's future. I don't think NXT is dying. They have a good, enthusiatic team. And I think they are well funded. They are a major sponsor in the upcoming Payment Expo. |
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What are you saying? NXT is a bubble?
No. I actually typed what I was saying. So if it's not a bubble its market cap actually means something. And if it grows to over a billion due to investor interest it will matter more to both consumers and businesses. |
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^ Just to make things clear I love XMR and will be back. It's always in my watchlist and is a profitable coin to trade everytime it trends.
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"Just hold! And buy some more when it's going down."
It's the worst advice in bitcoin investment. Along with the OP's attempt at shaming people to buy bitcoins. Bitcoiners must be getting pretty desperate now. The end is near. Bitcoin's death march continues.
Your name suggests you are an intelligent man. Please tell more, I want to hear more of you.  |
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Why is NXT not the number 2 coin?
Why does it have to be a measure of penis's around here (or is it peni)? So NXT's economy shouldn't be growing to more than a billion market cap, is that what you're saying? CMC != economy NXT's coins are limited. If there is an influx of huge capital coming in NXT, naturally price will go up and the NXT economy will expand. Marketcap is everything in this 'industry'. If you're small you get ignored, if you're big everyone will notice you. So hell yeah this is a dick measuring contest. Do you think Rimbit's marketcap of $ 915,244 actually means anything?  I consider marketcap only one of many indicators, easily manipulated (BanxShares with óne market) and there's things on CMC that are not even cryptocurrencies (Ripple or InstantDex). Agreed, being in the top-10 does attract (superficial) attention. But serious people/businesses contemplating adopting a platform/currency for their use, will do a proper investigation before investing. What are you saying? NXT is a bubble? |
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The similarity will end going forward. Bitcoin will continue its death march to zero, while gold maintains and even increase its value.
I'll not listen to you. We are Bitcoiners!  |
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I bought 32 bucks of BTC yesterday at I think it 241 and the price tanked now to 229....sorry about that ....I'm bad......broke the whole thing....
(straw broke camels back etc etc)
I'm 7 for 7 out of my mini-buys of around that amount in the last 6 months.....buy some BTC and bang oh...see if it ever creeps above the
amount I paid ORIGINALLY for the coin....so far nope....
yeah it is a scary/skill/trend or whatever.....I'm obviously cursed and dragging the whole price down with me for all........
I will refrain from buying any BTC till the price goes at least above 241 to break the trend....in case it really is me tanking the whole BTC universe in price (so it seems)
it is hard to maintain my sunny optimistic bull attitude...when every time i buy a bit (i mine mostly) a bear snatches it all away and scampers off
I feel like the Ranger in a Yogi the Bear cartoon! The dang bear keeps taking my picnic basket!
Just hold! And buy some more when it's going down. |
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Nice try. I'll just leave this here: We are Bitcoiners! We don't listen to naysayers. We are Bitcoiners! |
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During a community hangout organized by the Paycoin Foundation, a surprise announcement was made that one Prime Controller is being held by digital currency exchange Cryptsy. The transaction was also posted about on the Paycointalk forums. According to that post, it seems plausible that the Prime Controller was given to get Cryptsy to update to the new Paycoin wallet.
Prime Controllers are a feature unique to Paycoin, although calling them a feature is a bit like saying a burning sensation is a feature of gonorrhea, it may technically be true but that doesn’t mean it is a feature appealing to anyone.
Prime Controllers are essentially wallets that stake at a higher rate than regular wallets. Originally, that was going to be 10% compared to a normal wallet’s 5%. It was eventually revealed that some Prime Controllers were staking at a rate as high as 350% compounded interest.
http://www.miningpool.co.uk/breaking-cryptsy-owns-hyper-staking-paycoin-prime-controller/ |
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Why is NXT not the number 2 coin?
Why does it have to be a measure of penis's around here (or is it peni)? So NXT's economy shouldn't be growing to more than a billion market cap, is that what you're saying? CMC != economy NXT's coins are limited. If there is an influx of huge capital coming in NXT, naturally price will go up and the NXT economy will expand. Marketcap is everything in this 'industry'. If you're small you get ignored, if you're big everyone will notice you. So hell yeah this is a dick measuring contest. |
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I predict 0.0015 will be the bottom
Hard to tell really. If 0.0015 will be the bottom the price will not drop significiantly... However, I am afraid this is just the beginning of the exodus from Monero to Bitcoin and along the way back to fiat money. Nah. This is just a bunch of guys who bought at +.003 and are now selling at market and taking their losses. This will end sooner or later. |
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Well? Will it?
So far I've a lot of doubt.
Of course it will. Is that even a question? If someone says otherwise just think that we are Bitcoiners and do this |
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If this is maturity then gawd help us. I think 'dead' is a more appropriate piece of terminology to use.
It's not being used by 'real' people in anything but piffling numbers and the speculators have probably been reduced to a bunch of die hards who'll never leave.
That's not a platform for healthy growth. It would be better to fall further and to be discovered by a new wave of genuine humans.
Hyperbole much? All it takes to bring new users and further adoption to btc is a rising price. If you don't think this bear market hasnt been engineered by a small number of heavy speculators then you are unlikely to see the next spark until the price unexpectedly breaks the downtrend line in the coming three months (on massive volume, ostensibly linked to some newsflow). Good post. |
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The time of Bitcoin is coming.gold:  bitcoin: 
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