I just can't believe that people are dumping NXT like this. Like, people who obviously bought NXT at like 4500 sats and had to hold til the end of the distribution to get their Ardor are dumping their NXT at 1500. They're taking a 67% loss on their investment. I mean, what does that tell you about the state of things for NXT? Still haven't dumped because I'm hoping I get my money back but every hour it seems less likely.
Hope springs eternal... so does blind stupidity. You -and evrryone here- were told by me, quite clearly and educately, why this (and much more to come) would be happening... WHEN YOU HAD TIME AND OPPORTUNITY TO NOT ONLY AVOID LOSSES BUT ACTUALLY ACHIEVE DECENT gains. Did you listen? Of course not. Again. No one to blame but yourself.
Before Ardor announcement, price of NXT was 1000 sat. ARDR actually means doubling the number of coins, do, naturally, price should be 500 sat... of both NXT and ARDR combined. So even now its basically 7 times that. Those extra six times -or 700%- is the value the market is giving to that prayer of a loooong term project that are the (privately and centrally owned) so-called "child chains". To me that's excesive by a factor of at least 4, probably 5. But as long as the market pays that, who's to say it is wrong... well, me, that's who.
Then again, what do I know, right?
Still confused about why all of this is happening? Let me fotecast for you another imminent dumping of ARDR to happen as soon as the mywallet.net get their considerable shit together and the ARDR appears on those accouts and is transferrable.
Which giving the level of efficiency of the mynext.net guys, may easily take weeks, not just days, mind you...
