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5761  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NXT :: descendant of Bitcoin - Updated Information on: January 21, 2014, 05:13:07 PM

Guys, u were talking about splitting the bounty to 4 parts. Did u come to a decision? If u r agree to split the bounty then I won't spend time on speedtests.

Well I wouldn't mind. We all spend a lot of time coding. I guess hoax and gimre don't mind too, but I haven't heard Jaguar's opinion yet.

Ok, let's wait for Jaguar.

How much work is it to benchmark all 4 on the same platform? I would like to know the TPS and I think it makes sense for there to be published performance and also test results. Since it is JS, doesn't that mean it is browser specific? Do all four run on all popular browsers?

James
5762  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NXT :: descendant of Bitcoin - Updated Information on: January 21, 2014, 05:10:29 PM
Does anybody know what time the strange fractional orders on dgex got cleared last night? For a few hours bter was trading 50% above dgex. That is clearly unsustainable and my guess is that the bter market got arbitraged down to the dgex price. Since the dgex price seemed to be stuck, this means the downward move from .00016 was not due to big seller, but arbitrage, or perceived arbitrage. The NXT/CNY value peaked at .85 and dropped to match the dgex price.

It seems the dgex price is unstuck now and this bounce at .00016 is the second time, regardless of the reason. It is not uncommon for a price to bounce three times before breaking out. I think it is good that it has come back down a bit as the rise was too extreme. Gather some support at .0001 and gradually get back to .00016, bounce back a bit and then finally breakthrough. That would be a sustainable pattern that would then turn .00016 from a price ceiling (resistance) to price floor (support).

Of course, this is crypto, so anything can happen, but I think there is a significant amount of fast money parked in NXT right now, so it could follow more standard technical patterns

James
5763  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NXT :: descendant of Bitcoin - Updated Information on: January 21, 2014, 03:58:45 PM
There is very little NXT for sale on ripple now. Could use some more deposits. ripple has fiat gateways so if you need to convert NXT to USD, CNY, EUR, etc. you can use peercover's ripple for this. peercover also has bridges that allow you to send the NXT (and other coins) directly to an external wallet address.

Current rate is around 4 XRP per NXT. Dilution valuation would be 100 XRP, so still a lot more to go to reach dilution parity with XRP

James

What is NXT/BTC there?

very thin
one order to purchase 125K NXT at .00004 (probably old)
25K NXT offered at .00011

you can see the orderbooks from the URL in my sig
5764  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NXT :: descendant of Bitcoin - Updated Information on: January 21, 2014, 03:36:25 PM
There is very little NXT for sale on ripple now. Could use some more deposits. ripple has fiat gateways so if you need to convert NXT to USD, CNY, EUR, etc. you can use peercover's ripple for this. peercover also has bridges that allow you to send the NXT (and other coins) directly to an external wallet address.

Current rate is around 4 XRP per NXT. Dilution valuation would be 100 XRP, so still a lot more to go to reach dilution parity with XRP

James
5765  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NXT :: descendant of Bitcoin - Updated Information on: January 21, 2014, 02:37:45 PM
hey cfb good to see you. did you see? adam b levine has a nxt address 2976219914929693803

also nxt has a trollbox Cheesy https://docs.google.com/spreadsheet/ccc?key=0AuZ9UiDk97ajdFQtdHN2RElUQU10NjdqRUNkWm5uUlE#gid=0 click on where it says 7 other viewers

it is bter/adam acc

whatcha mean?

this is wallet he got from bter for deposits

wow thats so lame and disheartening. especially since, if that is a wallet used by everyone, the only way it will accept a deposit is if you pre specify the amount deposited. So all that nxt just disappeared into the aether. Shame on me but serves him right. Asking me to direct deposit my donation into an exchange...

*edit* shame on me because the condition was that he read my essay. i guess it wasnt good enough to convince him to keep the nxt. time to rethink my strategy (or maybe go take a writing class).

It is an exchange generated address specific for one person. It got swept into the main bter acct which is up to 20 million NXT, but I am pretty sure it is credited to Adam's specific acct. It is not lost

James
5766  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NXT :: descendant of Bitcoin - Updated Information on: January 21, 2014, 06:42:46 AM
Is actually anybody here trading at Bter? I see some issues with withdrawal/deposits reported:

https://bitcointalk.org/index.php?topic=350078.80

https://bitcointalk.org/index.php?topic=377452.0
I use them. 5 pages of complaints (in 2 months) for an exchange that deals with dozens of altcoins and thousands of customers is not bad, especially considering the language barrier.

I've never had a problem with either deposit or withdraw, but I am sure it is possible for some problems. If you run into a problem, make sure to send email translated into Chinese along with original English. Also, send deposits in increments, there is no fee for deposits.

any problems bter has I would consider minor considering the alternatives

James
5767  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NXT :: descendant of Bitcoin - Updated Information on: January 21, 2014, 06:39:31 AM
NXT/CNY   0.85570 CNY   9,766,003.96 NXT   5,419,920.71 CNY   1,268.41 BTC
NXT/BTC   0.16000 mBTC   9,838,657.90 NXT   975.82 BTC   975.82 BTC

The cumulative 24 hour NXT trade volume on BTER is 2244.23 BTC or approximately 1.89 Million USD.
Not bad for a second tier exchange!

My guess is all the other second tier exchanges and some first tier ones will start seriously looking at adding NXT this month
$100,000 per month in commissions is nothing to sneeze at.

James
5768  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NXT :: descendant of Bitcoin - Updated Information on: January 21, 2014, 06:03:53 AM
well...DOGE has passed BTC in 24 HOUR Volume per CMC...is this the first time ever that has happened? (sorry only joined cryptos last november...)  Huh

Hopefully NXT get's there in the future  Tongue

until recently LTC was the only thing that even came close. Maybe during some LTC frenzy it did, but I seriously doubt it as all the LTC frenzies were during BTC frenzies.

This is definitely historic moment. DOGE is proving that BTC is vulnerable. If DOGE can unseat BTC's trading volume, then it isn't so crazy for people to accept NXT unseating BTC market cap. I would much rather have BTC marketcap for NXT than BTC trading volumes.

James
5769  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NXT :: descendant of Bitcoin - Updated Information on: January 21, 2014, 06:01:34 AM
DOGE just passed BTC's 24 hr trading volume

NXT is within 10% of Peercoin market cap

Gotta get some sleep, but not sure what will happen during 8 hours...

Either NXT bounces back to .0001 or shoots to .0002, either are very possible.
If DOGE really becomes the number 1 traded crypto, it will get to LTC market cap sooner than anybody thinks is possible. If DOGE can do that, it will pave the path for NXT to reach BTC market cap.

We need all the promised tech features on time with coordinated marketing campaign. DOGE becomes NXT's unexpected ally in climbing the marketcap ranks!

James

5770  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NXT :: descendant of Bitcoin - Updated Information on: January 21, 2014, 05:49:09 AM
i have so many buy orders on my orderbook and no sell orders.

https://docs.google.com/spreadsheet/ccc?key=0AuZ9UiDk97ajdFQtdHN2RElUQU10NjdqRUNkWm5uUlE#gid=0

anyone looking to sell?

Anon, you seem to be selling using my analysis prices. Great minds Smiley
5771  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NXT :: descendant of Bitcoin - Updated Information on: January 21, 2014, 05:47:20 AM
DOGE 24hr volume $18.5 mil vs BTC 19.5 million. We very well might see DOGE as the #1 traded crypto today!!
It is almost double its previous high price of .0000015 and now at .00000291

NXT is creeping up to CNY parity, which would put it at Pin's price of .0002 BTC

However, looking at DOGE price action, my prediction is that the really fast money will sell at some point and put the DOGE profits into the next best thing at the moment, which would be NXT. If the same double previous alltime high happens, it puts the near term peak price at .0003 BTC

In the short term the key is when DOGE frenzy settles down a bit. Then I predict a spike in NXT prices before the profit taking selloff. If the spike starts from CNY parity price, we will see the .0003 BTC peak, but I doubt it will be sustainable. This is all happening a bit too fast. Now any delay in client release will really drop the price. Let us hope there are no delays!

James
5772  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NXT :: descendant of Bitcoin - Updated Information on: January 21, 2014, 05:37:03 AM
+35%
Dgex price limits

Aha! bug combined with silly price limits makes it so dgex is effectively out of action now. much sad

James
5773  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NXT :: descendant of Bitcoin - Updated Information on: January 21, 2014, 05:33:46 AM
just sent 0.06BTC to poloneix.com
will report here to keep people updated with my experience
at a glance it looks like poloneix is going to be a dgex killer

Bter is the DGEX killer. Wink

i have heard that bter has very restrictive withdrawal limits
100~100000 NXT per day.

its 200K

but  https://bitcointalk.org/index.php?topic=367372.0

bter is a real exchange. I use them all the time. Considering the number of people that use it, there are bound to be support issues. My guess is that they prioritize request that are in Chinese first. I don't think they have much of an English speaking support. My recommendation is to send support request to them in english and bot translated Chinese so they at least know what you are talking about, without having to translate it themselves.

James
5774  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NXT :: descendant of Bitcoin - Updated Information on: January 21, 2014, 05:23:01 AM
Every time I consider selling, the price keeps humping back up.

Guess I should keep considering to sell.

Short term prices are inherently unpredictable. If you need the cash, sell. Otherwise wait for .000225 to .00025 range
50% gain after making new alltime high is typical crypto price action.

Just make sure to get back in before the down cycle is over. Market timing is something even really smart people can't do very well. Few people can. The most rational thing to do is hold for the long term, selling off only when you absolutely need the cash.

James
5775  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NXT :: descendant of Bitcoin - Updated Information on: January 21, 2014, 05:19:46 AM
what do you guys predict the coin price to be in 1-2 years time?

.012 to .1 BTC
5776  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NXT :: descendant of Bitcoin - Updated Information on: January 21, 2014, 05:18:18 AM
The thing I can't figure out is why people are selling on dgex at .0001 when it is .00015 on bter??
Actually it is 0.8 CNY per NXT! We are almost at NXT == CNY!!
This translates to .00016 BTC, since BTC is around 5000 CNY

James
5777  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NXT :: descendant of Bitcoin - Updated Information on: January 21, 2014, 05:13:17 AM
definitely big whales

you dont need whales to move this market. a decent sized trout will get that job done.

Cheesy.

I wonder if we will pass up Peercoin in a few hours.

If price stays above .00015 for any length of time, we should get to $150 mil market cap in two days or less

The key is if .00015 becomes support or resistance. It is possible there are many that targeted that price to sell at, but if they all decide to wait to see how high it will go, it will go a lot higher in the short term.

James
5778  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NXT :: descendant of Bitcoin - Updated Information on: January 21, 2014, 05:06:39 AM
James when do you think Next will hit the magic 0.012?

And how will doge grow in the upcoming weeks?

When the market fully understands that NXT is better than BTC and all the main features are working (or at least credible release date is announced). Basically as soon as NXT marketing gets the message through.

DOGE could become the main crypto, especially if it becomes the currency that all web surfers use as micropayments, eg. tipping. If that is the case, then it could go to its BTC dilution valuation instead of LTC dilution valuation.

BTC dilution valuation is 30 billion DOGE / 12 million BTC = .0004 BTC
LTC dilution valuation is 30 billion DOGE / 25 million LTC = .000833 LTC = ~0.000025 BTC

That a very large price range, so clearly the key to DOGE valuation is if it displaces BTC for significant percentage of what BTC is used for, or if DOGE's new usage is significantly larger than BTC's usage. Still even the low end number is an order of magnitude above current prices. I assess DOGE's upside as second only to NXT, a distant second, but still that's much wow, as the DOGE peoples would say

James

P.S. Caution: There is a chance that DOGE is just a fad and in three months trades significantly below where it is now. You need to keep in mind that DOGE will never get any new features, at least I can't imagine it. This is why NXT is both qualitatively and quantitatively a better investment than DOGE. Personally, I just bought 5 BTC of DOGE yesterday based on my analysis. Overnight triple is a nice gain, but I made a lot more by not selling my NXT!
5779  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NXT :: descendant of Bitcoin - Updated Information on: January 21, 2014, 04:55:05 AM
new alltime high!
.00015 on bter

.00025 here we come

James
5780  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NXT :: descendant of Bitcoin - Updated Information on: January 21, 2014, 04:49:33 AM
DOGE is about to pass BTC in 24 hour volume?! $15.5 mil vs $19.5 mil and the gap is closing. Mainstream ease of use and popularity is something even BTC has not achieved. Could DOGE become the PRIMARY first gen crypto?

Sounds crazy, but numbers don't lie. if daily trading volume of DOGE exceeds BTC volumes, that would be very significant in my mind. It could mean changing from the somewhat tainted BTC image to a squeaky clean fun and happy DOGE image. silk road vs jamaican bobsled team, man.

James

P.S. Anything that brings more money into crypto is good. much good
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