deathsky
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 Offline
Activity: 17
Merit: 0
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June 09, 2014, 07:11:39 AM |
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Hi, im a shareholder (thank to being informed early in my job full of IT geeks  ) and im still not sure about selling any part of my NEMshare at asset exchange. Im not continually watching the scene (it seems to be a joke as i have written to utopianfuture in PM) and I have noticed many things. First one, NXT network is empty. When i wake up i see below 10 transactions per hour in the whole network. I bet that the rise and fall of NXT price last days is just made by NEMshare buyers and sellers. Few days ago more people were buying NXT than selling (logic: you must buy NXT to buy NEM and nobody can sell because nobody has sold NEM in first phase of trading) = price went up. After that still more people were buying than selling, price still went up. Now the people who sold NEMs are selling so the price goes down and will keep plummeting for a while until they sell out. Im not gonna to sell now to suffer double loss. Second one, NEM has a big chance to overtake many NXT advantages and positives. Many people may say that NXT has a big advantage of "being first", thats true but in history the most successfull projects were usually not the first developed/discovered ones but the first well managed or financed or distributed or popularized (...) ones. The NXT gap in popularity is markant. I bet that 40 altcoins below NXT market value at coinmarketcap have more transactions and use than NXT. Now one transaction at NXT costs ridiculously high price and the price cointains almost the expectations based on technical aspects of NXT, not economical. Technically is NXT good, no doubts. However i think NEM has a big chance to be a VHS vs beta NXT. And the last one, did someone of common people not interested in crypto-scene ever hear about NXT? NEM? Nope. These projects are still equal comparing them from this side. The startline is still open for all "BTC 2.0" projects and no one did cross it for more than 1 micrometer. Remember doge, why it was successfull? Because the comunity. No matter how big shitcoin technically it was. Why it shades off now? Because the lack of technical innovation and sense. |
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In order to get the maximum amount of activity points possible, you just need to post once per day on average. Skipping days is OK as long as you maintain the average.
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devphp
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June 09, 2014, 07:19:57 AM |
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First one, NXT network is empty. When i wake up i see below 10 transactions per hour in the whole network.
It's hard for me to tell when you wake up, but in reality the number of transactions has been on the rise after Asset Exchange launch, check out the chart: http://www.mynxt.info/charts/transactions_per_day.phpAs you can see, june 7 - 3592 txs per day, that's about 4.5 txs per block or ~150 txs per hour, assuming the NXT network generates on average ~800 blocks per day. Most blocks are not empty in the past 2 weeks, also proof of the Asset Exchange picking up steam: http://mynxt.info/blockexplorer/blocks.phpSoon the Digital Goods Store and Alias trading will launch, and the number of transactions will increase more. So please check your numbers again, they don't match with reality |
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Simakki
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June 09, 2014, 07:29:25 AM |
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Hi, im a shareholder (thank to being informed early in my job full of IT geeks ) and im still not sure about selling any part of my NEMshare at asset exchange. Im not continually watching the scene (it seems to be a joke as i have written to utopianfuture in PM) and I have noticed many things. First one, NXT network is empty. When i wake up i see below 10 transactions per hour in the whole network. I bet that the rise and fall of NXT price last days is just made by NEMshare buyers and sellers. Few days ago more people were buying NXT than selling (logic: you must buy NXT to buy NEM and nobody can sell because nobody has sold NEM in first phase of trading) = price went up. After that still more people were buying than selling, price still went up. Now the people who sold NEMs are selling so the price goes down and will keep plummeting for a while until they sell out. Im not gonna to sell now to suffer double loss. Second one, NEM has a big chance to overtake many NXT advantages and positives. Many people may say that NXT has a big advantage of "being first", thats true but in history the most successfull projects were usually not the first developed/discovered ones but the first well managed or financed or distributed or popularized (...) ones. The NXT gap in popularity is markant. I bet that 40 altcoins below NXT market value at coinmarketcap have more transactions and use than NXT. Now one transaction at NXT costs ridiculously high price and the price cointains almost the expectations based on technical aspects of NXT, not economical. Technically is NXT good, no doubts. However i think NEM has a big chance to be a VHS vs beta NXT. And the last one, did someone of common people not interested in crypto-scene ever hear about NXT? NEM? Nope. These projects are still equal comparing them from this side. The startline is still open for all "BTC 2.0" projects and no one did cross it for more than 1 micrometer. Remember doge, why it was successfull? Because the comunity. No matter how big shitcoin technically it was. Why it shades off now? Because the lack of technical innovation and sense. Just 10 transactions in one hour  are sure ?, cos´ that aint much. |
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deathsky
Newbie
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Activity: 17
Merit: 0
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June 09, 2014, 07:30:54 AM |
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approx. 7 days ago it really was. I have written the fact to utopian these day, now it really seems to be higher number even at 6am CET when we get up.
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devphp
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June 09, 2014, 07:35:28 AM |
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approx. 7 days ago it really was. I have written the fact to utopian these day, now it really seems to be higher number even at 6am CET when we get up.
June 2 - 1888 txs per day - ~79 txs per hour I know it's not something really big, but there is a progress over the past 2 weeks. |
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deathsky
Newbie
Offline
Activity: 17
Merit: 0
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June 09, 2014, 07:40:43 AM |
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Looking in history, June 3, 7am CET it was. Just 6am UTC. Txs were below 10 per hour these hours, i was looking for NEMstake price in NXT wallet and i noticed this number. This means probably that most of NXTers are Americans. However we are a bit off topic. Now im reading the NXT topic and there is said that the NXT fee is 1 NXT per transaction. There is the key - the transactions are enormously expensive.
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Vega
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June 09, 2014, 07:43:54 AM |
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Looking in history, June 3, 7am CET it was. Just 6am UTC. Txs were below 10 per hour these hours, i was looking for NEMstake price in NXT wallet and i noticed this number. However we are a bit off topic.
You should sleep in. Did you compair the other networks traffics at that time? Because I'm pretty sure that is the slowest time of the day in every cypto. It's beer run time on Bitcoin exchanges. |
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devphp
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June 09, 2014, 07:43:59 AM |
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Looking in history, June 3, 7am CET it was. Just 6am UTC. Txs were below 10 per hour these hours, i was looking for NEMstake price in NXT wallet and i noticed this number. This means probably that most of NXTers are Americans. However we are a bit off topic.
When NXT gets more popular in Asia, those early Europe morning hours's blocks would also be filled, for now it's best to look at daily volume and average txs per hour number. |
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xtester
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June 09, 2014, 08:25:32 AM |
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The alpha is almost here, people will try to accumulate a lot more so stop selling cheap.
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bitwhizz
Legendary
Offline
Activity: 910
Merit: 1000
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June 09, 2014, 08:56:03 AM |
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How miuch more expensive is the NEM on the asset exchange compared to when it was originally released?
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devphp
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June 09, 2014, 09:07:59 AM |
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How miuch more expensive is the NEM on the asset exchange compared to when it was originally released?
About 100x more than when the stakes were distributed, and there is no even public alpha client, crazy! I mean what are people thinking? |
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bitwhizz
Legendary
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Activity: 910
Merit: 1000
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June 09, 2014, 09:20:17 AM |
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thats just rediclous
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klee
Legendary
Offline
Activity: 1498
Merit: 1000
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June 09, 2014, 09:57:05 AM |
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My bids at half the IPO prices still await yummie yummie  |
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xtester
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June 09, 2014, 10:53:03 AM |
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My bids at half the IPO prices still await yummie yummie We did not have an IPO, that was a call to participation. Beside that I think you'll gonna have to wait an eternity to get them at that price, or better said, no chance. |
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klee
Legendary
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Activity: 1498
Merit: 1000
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June 09, 2014, 10:55:47 AM |
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My bids at half the IPO prices still await yummie yummie We did not have an IPO, that was a call to participation. Beside that I think you'll gonna have to wait an eternity to get them at that price, or better said, no chance. Don't bet your @$$ !!  |
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Eadeqa
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June 09, 2014, 11:01:17 AM |
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My bids at half the IPO prices still await yummie yummie We did not have an IPO, that was a call to participation. This is pure semantics though. People paid to get a stake -- same as all other IPOs on BTT. |
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xtester
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June 09, 2014, 11:04:45 AM |
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My bids at half the IPO prices still await yummie yummie We did not have an IPO, that was a call to participation. This is pure semantics though. People paid to get a stake -- same as all other IPOs on BTT. I am working on a post which briefly touches upon this matter. As you will see it is not semantics, rather much more than that. |
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klee
Legendary
Offline
Activity: 1498
Merit: 1000
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June 09, 2014, 11:07:17 AM |
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My bids at half the IPO prices still await yummie yummie We did not have an IPO, that was a call to participation. This is pure semantics though. People paid to get a stake -- same as all other IPOs on BTT. I am working on a post which briefly touches upon this matter. As you will see it is not semantics, rather much more than that. BS to make SEC chase us more difficult - I had warned Utopian about his in the past and he did not listen! Now maybe he will have to pay the price... CfB BCNext did not do this amateurish mistake... |
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xtester
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June 09, 2014, 11:13:39 AM |
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My bids at half the IPO prices still await yummie yummie We did not have an IPO, that was a call to participation. Beside that I think you'll gonna have to wait an eternity to get them at that price, or better said, no chance. Don't bet your @$$ !! So you're saying you want to buy 1 stake for 0.015? People should normally be a bit off(  ) selling for that price. Since I think at least some people are a bit off, you might as well get a stake if you are willing to wait long enough(10 years). Are you a stakeholder? I think NEM(POI) may prove to be a significant step forward on the scale of crypto-evolution, much like Nxt(POS) was to bitcoin(POW). So if that will be the case, 3 btc/million NEM will be history. |
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xtester
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June 09, 2014, 11:20:47 AM |
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My bids at half the IPO prices still await yummie yummie We did not have an IPO, that was a call to participation. This is pure semantics though. People paid to get a stake -- same as all other IPOs on BTT. I am working on a post which briefly touches upon this matter. As you will see it is not semantics, rather much more than that. BS to make SEC chase us more difficult... What do you mean with BS to make SEC? |
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