yuriygeorge
Sr. Member
Offline
Activity: 262
Merit: 250
I hate my family
|
|
December 29, 2013, 08:23:19 PM |
|
People who think the price too high, or unfair distribution, etc - there’s really not much you can do to convince stakeholders otherwise (or according to rickyjames the top 51 accounts with over 78% of all NxT's) - conflict of interests, beating a dead horse. And they have that right/privilege, and I don't judge them for it. I'd be doing the same thing. But, the stakeholders, and all NxT holders for that matter, can’t exist in the long term without attracting new buyers - buyers have power, too.
The only impact you can really make, as a new buyer, is to choose to buy them at a price you're comfortable with. Bring down demand to what YOU believe is the right valuation for NxT, especially since no new coins can be obtained/mined as with other coins. What do you think it’s worth today? Everybody has their own number. Others just follow the herd and buy at market - poor strategy.
People talk of strategy, and this is mine: two months ago, all 1 Billion coins were acquired at about $4,000 between 73 people. Today, two months later, what do you think all the 1 Billion coins should be worth today? 100x? 1000x? or what current levels say - 4000x-6000x, or $40-80 Million in total? My personal number (and it's not the holy grail, just my opinion, and I put my mouth where the exchange is via a limit order) is 1000x - that’s a 100,000% 2-month return for original risk taken, for something where the source hasn't been released to the public - still pretty damn good - can you name any asset that achieved such a return in 2 months, or even close?
Fair or unfair, I don’t care - this is crypto-capitalism, and such talk of fairness is weak, but everybody has their number as to what they believe is a reasonable return, i.e., a reasonable valuation, for NxT, i.e., a reasonable price to pay if all the information is made aware to the public and is easily obtainable (such info as original IPO amount of $4,000). My number is around 1000x, so that would mean a price of about .000021-.00004. So, that’s what I’m waiting for. Yeah, I still have a small position, and managed to just get some .00006, but I won’t be investing more until it goes back to those levels. And I bet other potential investors sitting in my shoes are thinking something along these lines. At least while the technology is still closed source and has not been peer reviewed by a wider audience, 1000x is plenty.
Don't be hating on me for having an opinion, and calling me out. As long as the price stays in the 3000x-6000x levels, I'll keep reminding potential new buyers of the information they may not have been able to obtain themselves - and the choice is up to them whether to buy or not. Indeed, the market seems to be responding in my favor, whether my babble had any effect or not. I might be the big elephant in the room, but I'm not the only one with these opinions - others have noted similarly, perhaps less bluntly.
|