I understand this pitch and the angle that NxT is attempting to promote as I have already discussed. There are other projects attempting to do the same but I won't waste your time as I am not here to pick sides but discuss some salient facts and concerns.
NxT has no inflation and thus a drop in volume and marketcap in relation to BTC can only mean one thing...adoption is being outpaced by early investors selling coins for assets and/or other coins.
This wouldn't be so bad if some of these NxT assets represented interesting projects but most of these assets (including many BTC cryptoequities) represents scams and fraud.
Disagree here. Early investors had already a chance to dump in 2014, if they dont dump now, thats because they are for long term. Volume drop = those that were mining are selling the NXT since they are making less profits, while those that hold big bags (the early guys) will make more then. The early guys have no incentive to sell if they held for so long, they can make 1000$ from mining if they hold a bag big enough. If you are worried about scams, then you should know that the cost of scam is rising, thus making it less cost -efficient. You need to make the cost of scam so expensive, then nobody will do it. Or just hire some review sites to review the instruments if you are so worried about scams. Everybody should to due diligence, if they dont then its their fault. The sheep has to have sharp eyes too or get eaten by wolf. |
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The war already began with their "blockchain technology" BS all over the place, but they also already lost a fight with them forking/governance coup. But gotta give them credits for the imagination they spend on branding tho.. after The Bitcoin Foundation, Bitlicense and BitcoinXT, here comes the "Blockchain Alliance"!!  So you are saying that these events were covert sabotage operations? Hmm I never though of them this way, it certanly explains why they got the BF bankrupt, the Bitlicense being around NY (to protect wallstreet), and BitcoinXT forking bitcoin, trying to disintegrate the community. |
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Plus it's not like you cannot rebounce from a steady decline, look at ETH example, so NXT will be fine:
NXT can easily rebounce from it's decline, just as BTC or ETH did.
Of course Nxt can rebound. One difference between NXT and ETH/BTC however is that NXT has 0 inflation while BTC/ETH have 8-9% inflation. The fact that Nxt's market cap , tx volume, and price compared to BTC has been deteriorating without the costs of PoW and inflation should be troubling. The data right now indicates that early investors are dumping their coins for other assets or coins. Whether or not this trend will ever reverse is dependent upon adoption exceeding the coins being dumped on the exchanges by early bagholders. Since NxT doesn't seem to be focusing on merchant adoption much and appear to be marketing it as a financial platform , than the only hope they have is some "bank" adopting their blockchain and bringing it mainstream, which IMHO is a risky bet as banks tend to be focused on creating and controlling their own products. NXT will be the gateway to their assets. Plus you forget about the other features like :alias, market ,built in dice and other perks. NXT doesnt necessarly have to be a standalone currency, but it can be a gateway to more interesting projects, that will be built upon it, and thats why its interesting. So NXT will really have intrinsic value, that many gold shills found lacking of Bitcoin. |
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Want to put your money where your mouth is?
I would happily place a bet with funds held in Escrow that gold will not fall below $400, that is significantly below production costs.
No because I am uncertain about gold, so I never traded it, nor I plan to. So I cannot risk money on things I find very hard to predict. Yes gold should go up, but given the current ponzi based financial system, the certificate scam can last much more and thus put gold to a really low level. |
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China has built an empire based on poor salaries, job exploitation, and low quality of materials. What happens when you mix that overtime? You may have a time of success, but it's destined to crumble. We are starting to see all of those non sustainable economical methods crumbling. It will be a mix of people being sick of working for nothing, and outside investors getting tired of investing on shit that's cheap.
Its hard to do otherwise with 1.5 billion people. But that is not the main issue, the main issue is that they are exporting real goods worldwide, and they get in return ponzi fiat currency or ponzi bonds. The Chinese works hard, and then buys USD or some bonds with his hard earned money, soon to find out that the ponzi system will collapse soon. Instead they should keep the products at home, and could live like kings, but they choose the ponzi economic system instead. |
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Alright, lets see that marketing and promotions coming. NXT to the moon!  |
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So if you wanna be rich,all need just to start doing smth instead of typing something in the net.  Do you realize that many people got rich from bitcoin because they typed "Bitcoin" into google in 2009. You can get rich from typing something in, you just have to find the right keyword lol. |
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There is no right for wrong for gambling. If you treat it as entertainment and do not addict to it, it is like a hobby and enjoyable.
I'm confused with what do you mean gambling is same like hobby. Perhaps, You will feel enjoy when you win but when lose it will make you frustrated Agreed with you that if you are looking at gambling as a way for entertainment then you can enjoy the thrill, joy and excitement of gambling process. It would be good if you make some money but it should be also fine if you loose money. If you can not afford to loose the money then its better for you to stay away from gambling as its not for you. That's what I always say: Gambling can be an enjoyable when you play only as much as you can lose. Sure, if you use it as entertainment. You pay 5$ for a cofee to give you adrenaline rush, but 5$ on gambling can give the same effect, even more intense. It depends which one you prefer. The cost is the same. |
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What are you talking about, gold demand has surged with Russia an China hoarding the stuff  See how the withdrawal rate has caught up with production rate, can only mean 1 thing for the price sooner or later-  If they are overleveraged and if they will default soon, then you could see a massive sellof of the ponzi cerfificates, which can further put down pressure on gold. If the ponzi cerficiate holders start selling their instruments (not necessarly cashout, because they cant), and the Russian CB or Chines CB buys up them extra cheap, then thats 1 thing. But the gold price can still go significantly lower than what it is now. I expect even to go below 400$, before it rallies again. On the other hand, bitcoin is pretty much at a bottom, and it will likely rise at next halving. |
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Very good. These data are very known by everyone which follow bitcoin. No one can deny that bitcoin is volatile. But with my charts and with my words i wanted to tell that this year bitcoin was almost stable (new thing for it) while the price of gold (not only for the last year but for about four year and half) is decreasing. Gold has lost some 30% of its value in the last 5 years, and on the other hand Bitcoin has lost 85% of its value in less than 24 months time. You can't compare a 6% per year decline with a 45% per year decline. And also, the prices might be stable but the trade volume is still declining steeply. The adoption has stagnated as well. What are you talking about, gold adoption has stagnated (there is however demand for silver). But bitcoin adoption hasnt, there are many people from Europe nowadays that are joining bitcoin: Slovenia, Czech Republic,Estonia, Hong Kong, etc. https://www.google.com/trends/explore#q=Bitcoin |
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yeah, what i find funny, are those random man on youtube that bash bitcoin, by calling it a ponzi schemer when they are clearly supporting the biggest ponzi in history which is the whole fiat syetm, really ridiculous Ah the sheeple. I cannot care less about them, when the wolfs are unleashed, they will all end up bacon. It's not just the fiat system, but the whole Keynesian ponzi economics theory, that I debunked in my thread: https://bitcointalk.org/index.php?topic=1147264.0 |
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If you are the biggest producer on the planet, and export goods to all countries, and in return you get ponzi fiat money or ponzi treasury bonds, then I can really see why their economy is not working. You should not exchange your real goods for ponzi instruments, it is not a good economy plan |
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If the economy (like today) is based on ponzi debt, then yes , deflation is bad.
If you would have a real laissez faire, free market, austrian school based economy, then no, in this case, deflation would be the holy grail.
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Crazy stuff I even herd of things like when the collapse comes the TPTB are going to buy up assets like monuments in stuff to pay off the debt. Like the leaning tower of Pizza lol When you try to put out the fire with gasoline (or in our case Plutonium), then don't wonder why the economy is getting worse and worse. The globe is practically (from my perspective) in recession for 15 years, and its only getting worse every day. |
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Ok here are my predictions:60% probability: Bitcoin will reach 400$ before 2016 85% probability: Bitcoin will reach 500$ before next halving 90% probability: Bitcoin will reach 700$ before 2017 20% probability: Bitcoin will reach 5000$ before 2017 There are my predictions, this thread wont be edited, so let's see if my predictions come true
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In the long term, unquestionably, yes.
But still there can be new bubbles and busts in bitcoin that could temporarly distrupt the uptrend, but no question it has an uptrend for long term, if the demand remains (which it pretty much does, as membership is increasing)
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As the title says, is the halving good or bad for the price of bitcoin?
The halving will decrease the supply of bitcoin, whole keeping the demand, so that would make bitcoin worth more.
But the halving will make mining profitibilty worse, meaning less miners, a higher trans. fee, and maybe causing a smaller demand.
What's your verdict?
I think bitcoin will still go up, as the fees might, let's say, double, but that's still a smaller transaction fee than through the banks...
No offense but this is a stupid question. Of course it will be good for bitcoin. Who cares about the miners, if the rate if inflation halves, then it implies that the new bitcoin mined is equal the previously mined old blocks, so it could trigger a price doubling. And then the miners would earn exactly the same, and investors would have doubled their bags of BTC. |
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Some interesting thoughts here guys. Something that banks should also consider is me. I can not be compelled to use their blockchain inventions. I might use them if there is some real advantage but bitcoin is my currency now and any system they want me to participate in must involve bitcoin. Other than that I only need a safe deposit box from a bank. And I only need that to store USB sticks with bitcoins on them.
They will enact laws that will "force" you to use it, or it will make bitcoin so disadvantageous to use that they will crush the membership Who knows, I hope it doesnt happen, but it is the way the things are headed now. |
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