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Author Topic: R.I.P NXT  (Read 3871 times)
chryspano (OP)
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August 21, 2014, 04:10:29 PM
 #1

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MuttaFuttaGentleman
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August 21, 2014, 04:14:00 PM
 #2

Not rip nxt, even tho the hacker thing doesnt make it look very cool.  Undecided
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August 21, 2014, 04:17:04 PM
 #3

Not rip nxt, even tho the hacker thing doesnt make it look very cool.  Undecided

The hacker certainly didn't help matters but the real problem is the whales with tens of millions of NXT who are ready to dump every time the price rises.

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August 21, 2014, 04:22:35 PM
 #4

 
lol NXT is booming. There never been so much innovations and trading.

A marketcap mean nothing. It's easy to manipulate. You should know it.

It only matter the potential and the long term.

Concerning the marketcap on this wesite, it doesn't include the Asset exchange + MGW + DGS.

EDIT :
RIP ?
310 assets with a total 30 days volume of 1,817.38 BTC lol
http://www.cryptoassetcharts.info/assets/info

Try harder trolls Cheesy
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August 21, 2014, 04:26:41 PM
 #5

This is still nothing so keep calm and hold or w8 for rise.

Apparently it will jump in next several weeks so you all keep you fingers or coins in stock.




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August 21, 2014, 04:38:33 PM
 #6

Not rip nxt, even tho the hacker thing doesnt make it look very cool.  Undecided
real problem is the whales with tens of millions of NXT who are ready to dump every time the price rises.

If we ignore all the 'tards and trolls - this is essentially the main downside to NXT.  Each time NXT goes through a rebound the whales start dumping as per typical pump and dump cycles (price rebounds are considered the only time you can dump without potentially killing off the coin).   Considering the number of NXT whales it could take year(s) to clear their holdings and to grow capitalization.

Things are further complicated by the asset exchange where there's a lot of huge capitalization assets (100+ million NXT) which if their volume were to skyrocket then in essence more whales are created and it only adds to the time it'll take to clear the whales.





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August 21, 2014, 04:39:37 PM
Last edit: August 21, 2014, 05:40:45 PM by instacash
 #7

BitShares is definitely booming

@op: your picture doesn't show any "rip nxt"
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August 21, 2014, 04:49:14 PM
 #8

Not rip nxt, even tho the hacker thing doesnt make it look very cool.  Undecided
real problem is the whales with tens of millions of NXT who are ready to dump every time the price rises.

If we ignore all the 'tards and trolls - this is essentially the main downside to NXT.  Each time NXT goes through a rebound the whales start dumping as per typical pump and dump cycles (price rebounds are considered the only time you can dump without potentially killing off the coin).   Considering the number of NXT whales it could take year(s) to clear their holdings and to grow capitalization.

Things are further complicated by the asset exchange where there's a lot of huge capitalization assets (100+ million NXT) which if their volume were to skyrocket then in essence more whales are created and it only adds to the time it'll take to clear the whales.



Exactly! I have nothing against NXT but it is obvious that this is a problem. Who knows how long it will take to clear the whales as you say. It is really keeping the price capped.


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August 21, 2014, 05:39:17 PM
 #9

OP is a total GOOF!!

Nxt just passed the test of all tests

PASSED with FLYING COLORS!!!

Nxt proved it was the real deal!!!


Really proud of those guys!!!

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usahero
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August 21, 2014, 06:21:16 PM
 #10


A marketcap mean nothing.



Lets trade some gamecoins for NXT then. Or gamecoins for litecoins. If market cap doesn't mean anything, you are probably willing to trade with 1:1 ratio? Cheesy
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August 21, 2014, 06:24:40 PM
 #11

If we ignore all the 'tards and trolls - this is essentially the main downside to NXT.  Each time NXT goes through a rebound the whales start dumping as per typical pump and dump cycles (price rebounds are considered the only time you can dump without potentially killing off the coin).   Considering the number of NXT whales it could take year(s) to clear their holdings and to grow capitalization.

Things are further complicated by the asset exchange where there's a lot of huge capitalization assets (100+ million NXT) which if their volume were to skyrocket then in essence more whales are created and it only adds to the time it'll take to clear the whales.
Well there are too many of those in pretty much every coin. That's a downside to the whole crypto scene, and there isn't much that can be done.
If we take in consideration the recent hack that NXT pretty much survived nicely, one would think that is it quite stable.
Even though I do not like NXT that much it has proven to be a solid coin. Let's see how much it shall recover in the upcoming days. BTSX just got a minor 'pump' and is ahead.

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August 21, 2014, 07:17:58 PM
 #12


lol NXT is booming. There never been so much innovations and trading.

A marketcap mean nothing. It's easy to manipulate. You should know it.

It only matter the potential and the long term.

Concerning the marketcap on this wesite, it doesn't include the Asset exchange + MGW + DGS.

EDIT :
RIP ?
310 assets with a total 30 days volume of 1,817.38 BTC lol
http://www.cryptoassetcharts.info/assets/info

Try harder trolls Cheesy


You mean 40 assets. Only 40 of 300 assets had any trading volume in the last week.



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EvilDave
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August 21, 2014, 07:38:52 PM
 #13

Gotta point out here that NXTs value against fiat (USD/EUR) is holding steady, but it's not exactly profiting from BTCs rise right now.

No worries, we're here for the long term....... Cheesy

(and BTSX looks like a solid project, tbh, so this is more about BTSX having a boom right now.)

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robstak
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August 21, 2014, 09:18:53 PM
 #14

NXT is alive and kicking, it will stay strong in the years to come.
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August 21, 2014, 09:27:45 PM
 #15

There is limited money to go around. Bitshares  staking it in now, but after it retraces another one will and the cycle continues.



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August 21, 2014, 09:35:02 PM
 #16

Not rip nxt, even tho the hacker thing doesnt make it look very cool.  Undecided

Keep in mind, that BTER was hacked and the hacker had access to all of BTER's cryptos.  He told Nxt because he felt it was the most valuable, and returned 85% of it to BTER.  This was a compromise where the thief was trying to get away with as much as he could without destroying BTER, or especially Nxt.  So he got away with 51 million.. returned all but 8 million.

This was BTER's fault, not Nxt's.. and a far larger percentage of BTC have been stolen than Nxt.

Also the promise of anal sex if he returned the funds may have played a part.. lol

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August 21, 2014, 09:46:29 PM
 #17

Not rip nxt, even tho the hacker thing doesnt make it look very cool.  Undecided

Keep in mind, that BTER was hacked and the hacker had access to all of BTER's cryptos.  He told Nxt because he felt it was the most valuable, and returned 85% of it to BTER.  This was a compromise where the thief was trying to get away with as much as he could without destroying BTER, or especially Nxt.  So he got away with 51 million.. returned all but 8 million.

This was BTER's fault, not Nxt's.. and a far larger percentage of BTC have been stolen than Nxt.

Also the promise of anal sex if he returned the funds may have played a part.. lol
You got to be kidding right? You're saying that if someone were to hack a bank, he would take 1 million instead of 100?
You can't be comparing BTC to NXT at any time, nor will it ever be comparable. Bitcoin is number one for a reason.

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August 21, 2014, 10:13:47 PM
 #18

im suprised NXT hung around for as long as it did.
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August 21, 2014, 11:12:41 PM
 #19

NXT is great. It's the only coin for me
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August 22, 2014, 01:58:29 AM
 #20

Not rip nxt, even tho the hacker thing doesnt make it look very cool.  Undecided

Keep in mind, that BTER was hacked and the hacker had access to all of BTER's cryptos.  He told Nxt because he felt it was the most valuable, and returned 85% of it to BTER.  This was a compromise where the thief was trying to get away with as much as he could without destroying BTER, or especially Nxt.  So he got away with 51 million.. returned all but 8 million.

This was BTER's fault, not Nxt's.. and a far larger percentage of BTC have been stolen than Nxt.

Also the promise of anal sex if he returned the funds may have played a part.. lol
You got to be kidding right? You're saying that if someone were to hack a bank, he would take 1 million instead of 100?
You can't be comparing BTC to NXT at any time, nor will it ever be comparable. Bitcoin is number one for a reason.

No, he had access to all of BTER's passwords.  He only choose to clean out the Nxt account.  Personally seems stupid to me, I would've set up wallets and cleaned out all their coins at once.. of course to be fair, he was only trying to cripple the exchange, so that he demand a bounty out of them and strike a deal.  Basically he wanted to be rewarded for hacking their exchange.. but on his terms and wanted a deal so they wouldn't pursue him legally.  Of course luckily for them they quickly found out his real name.

im suprised NXT hung around for as long as it did.

Not for long.. Nxt is superior to BTC. Nxt has Proof of Stake figured out.  They actually have a method that makes it resistant to 90% attack (granted it's not fully implemented).

It has the most widely used asset exchange.

Just released decentralized marketplace.

Big community.

I'm working on implementing the first decentralized instant transactions. We've got the algorithm figured out.

For those of you who haven't spent enough time looking at Nxt.. look closer, you'll all be wishing you'd jumped on board when it was going for the current market rate.

Bitcoin can have the moon.. Nxt is going to mars!

NXT is great. It's the only coin for me

I'm with you.. I'm 90% Nxt, 10% BTC.

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