Tired of ETH and ETC? Learn about secured NXT/Ardor smart transactions

[bbc.reporter]

But also be careful of the dump after the distribution of Ardor. Thoughts like your last sentence have made newbies lose their money so you be careful also. I am saying this because other newbies like you might believe that the price will only go up and they might make a mistake of buying at the peak.

Believe me, I'm not a newbie. It is known that there will be a dump (as it happens most of the time on new and hyped cryptos) after the distribution of Ardor. That is why I will be extra careful and try to invest wisely. As soon as I see an increase in price, I will sell my NXT + Ardor tokens to secure my profits. Even still, I've got a lot to learn about trading cryptocurrencies. I guess that I'm only good at the technical aspects of cryptocurrencies, instead of trading them wisely. 

I see that it is not only me who is thinking about this. So I speculate that the people are planning the same thing. Once the snapshots are over I foresee a dump in NXT. But with Ardor we will still have to see. This will depend on the Ardor holders from the NXT community if they continue to hold or decide to dump.

[freshman777]

[CoinBreader]

Next has a decent step long time now, but it's price is been stuck for a while now, and by while I mean years , good for community bad for profit tho

[bbc.reporter]

Next has a decent step long time now, but it's price is been stuck for a while now, and by while I mean years , good for community bad for profit tho

Traders will take advantage of the rise cause by the ones who want to get Ardor which is mostly from the NXT community. Using the NXT price as barometer we can see that not much outside traders got in yet. This will change when the release of Ardor gets closer.

[Enjorlas]

Is NXT pronounced 'next'? Or do you sound out the individual letters 'N-X-T'?

[Sebastien256]

Is NXT pronounced 'next'? Or do you sound out the individual letters 'N-X-T'?

Nxt =next, NXT = N X T

I also use NXT as Next.

[Abiky]

Next has a decent step long time now, but it's price is been stuck for a while now, and by while I mean years , good for community bad for profit tho

Traders will take advantage of the rise cause by the ones who want to get Ardor which is mostly from the NXT community. Using the NXT price as barometer we can see that not much outside traders got in yet. This will change when the release of Ardor gets closer.

Exactly. The more closer the release of Ardor is, I think that the more the price will rise but all will fall eventually as the hype passes by. Maybe that's the reason NXT is worth nearly $0.03 today (when it used to be worth $0.01 USD and sometimes even less) and I can't imagine how far will it go during the next days.

As for ETH and ETC, it seems that ETH's price is declining while ETC continues to rise. It can probably mean that ETC will take the lead and become the second largest crypto currency on the market. 

[bbc.reporter]

Next has a decent step long time now, but it's price is been stuck for a while now, and by while I mean years , good for community bad for profit tho

Traders will take advantage of the rise cause by the ones who want to get Ardor which is mostly from the NXT community. Using the NXT price as barometer we can see that not much outside traders got in yet. This will change when the release of Ardor gets closer.

Exactly. The more closer the release of Ardor is, I think that the more the price will rise but all will fall eventually as the hype passes by. Maybe that's the reason NXT is worth nearly $0.03 today (when it used to be worth $0.01 USD and sometimes even less) and I can't imagine how far will it go during the next days.

As for ETH and ETC, it seems that ETH's price is declining while ETC continues to rise. It can probably mean that ETC will take the lead and become the second largest crypto currency on the market. 

Yes. If you know how to play the market you can trade NXT profitably while the Ardor snap shots are still happening. That is what is happening right now that is why the NXT chart is very choppy.

In ETH and ETC I speculate that it is the ETH traders themselves that are buying ETC. They want a safety net.

[Abiky]

In ETH and ETC I speculate that it is the ETH traders themselves that are buying ETC. They want a safety net.

I thought about this too. In fact, ETH's price has fallen down drastically yesterday whereas ETC's been rising. However, this has changed today as ETH recovers and ETC goes down in price. Only time will tell what will happen to these two iterations of Ethereum. I think that only one of them will survive in the long run. Let's wait and see. 

[farl4web]

Check out the presentation from last week from Lior Yaffe (username Riker).
He's one of the core developers of Nxt/Ardor and he talks about the future.



https://youtu.be/soHe4UMyCCk

Slides: https://bitcoil.co.il/files/Advanced.Concepts.in.Blockchain.Design.pptx and http://prezi.com/x8jyard5-h51/

Filmed during Israel Bitcoin Meetup in Tel Aviv on 27 July 2016

[Sebastien256]

Would be great to have more of your thoughts on Ardor?
It is not to late to get your stake in the platform.

[vlom]

Would be great to have more of your thoughts on Ardor?
It is not to late to get your stake in the platform.

yeah, it is not to late to buy more NXT.
But soon it is time to sell NXT. I don't expect that the price will rise. just because if you are holding your next since the beginning of the snapchat you already have a nice amount of Ador.

[Enjorlas]

The snapshots aren't even half way over yet. We are what? 30%?

[Sebastien256]

The snapshots aren't even half way over yet. We are what? 30%?

Yes, about that.

[M++]

Hi

I own few NXT

Like for a week on poloniext, I don't understand something if I sell them for example in september I will still receive some Ardor because I had some NXT during the snapshot? Or do I need to hold until the end?

[barabbas]

Next has a decent step long time now, but it's price is been stuck for a while now, and by while I mean years , good for community bad for profit tho

Traders will take advantage of the rise cause by the ones who want to get Ardor which is mostly from the NXT community. Using the NXT price as barometer we can see that not much outside traders got in yet. This will change when the release of Ardor gets closer.

Exactly. The more closer the release of Ardor is, I think that the more the price will rise but all will fall eventually as the hype passes by. Maybe that's the reason NXT is worth nearly $0.03 today (when it used to be worth $0.01 USD and sometimes even less) and I can't imagine how far will it go during the next days.

As for ETH and ETC, it seems that ETH's price is declining while ETC continues to rise. It can probably mean that ETC will take the lead and become the second largest crypto currency on the market. 

What is the thinking behind that opinion? I completely disagree. You see there's no advantage to buy NXT in order to get Ardor since you get the AVERAGE of the snapshot period, NOT the amount you have on the final day or days, so actually you will find yourself buying in October and collecting less than 10-15% of what you hold through the snapshot period.  The ONLY interest in buying NXT from here on, will be the speculation of the price that would be assigned to the first "child chain", since at least 50% (don't expect more, you'd be disappointed), will be given, as well as the ARDOR to the holders of NXT NOT at the end of the snapshot period, but for their AVERAGE during the entire snapshot period. I hope you get a clear hold of how this is going to work because otherwise you will be severely disappointed.

I don't know how many people is going to dump NXT before October 12. I fully expect at least 50 million NXT to be dumped between now and then, but the figure could be lower since there's still plenty of time to buy and get a nice amount of ARDOR, so many people -less and less every day though, to be expected- is still buying/accumulating... unfortunately, I agree with the opinion that most from inside the NXT community. Outside the community, not many are buying into the merits of this scheme which was obviously very smartly planned to be able to get a lot of money selling a lot of NXT and that worked wonders by tripling or quadrupling the price overnight.

I have posted my opinion that the price could continue going up and I fully expect it to go close to the double digit, but that's just pure (more or less educated) speculation. I am quite impressed by the resources of the NXT community that are an economy system on it own and therefore capable of making a very big success of Ardor while Next 1.0 becomes obsolete, support or no support. I believe also the value of the first "child chain" will be very low and that, eventually, Ardor will get to the mid 2Ks and both Next 1.0 and whatever participation is distributed of the first "child chain", will both be quite insignificant. I also believe a significant dumping will happen between mid September and October 12th... or starting even earlier than that. Just my opinion. What do I know, right?

[Sebastien256]

^^ That a rather pessimism point of view!

Anything more positive? Consolidation seems to be done and I hope for another price rally!

But seriously, are there more people around that took a look at fundamentals of Ardor?

[ja23]

how is this better than ethereum that can do everything?

Ethereum can do anything, because it's Turing complete. But that's what basically makes it less secure. Especially for a companies who don't really have the funding to create and thoroughly test their code. From what I've been reading Ardor is giving the users all the important functions, while also eliminating bloat. People can also create their own private blockchain if I'm not mistaken, and the security is handled by the NXT blockchain.

[freshman777]

how is this better than ethereum that can do everything?

Ethereum can do anything, because it's Turing complete. But that's what basically makes it less secure. Especially for a companies who don't really have the funding to create and thoroughly test their code. From what I've been reading Ardor is giving the users all the important functions, while also eliminating bloat. People can also create their own private blockchain if I'm not mistaken, and the security is handled by the NXT blockchain.

You pretty much nailed it.

[ethereumhunter]

after i am played for a while with nxt, i am make a pingpong to buy and sell nxt and its really make a profit, although it was small profit but when i am doing this, i realize that nxt can give more profit in the future. and i wish ardor can give me profit too.