Post
Topic
Board Altcoin Discussion
Re: NXT, the ultimate SCAM, will it die because of 100% pre-mine given to 50 people?
by
Morton Bitcoin Management
on 22/06/2015, 02:39:47 UTC
That's 334397NXT for 1 BTC but that's not on the first days of trading, the price already skyrocketed 10 times. I remember the price being much lower. Probably about .0000003 (30 satoshis) or .0000005 (50 satoshis).

So you could buy a lot of Nxt for few BTC and multiply them with trading (buy lower sell high repeat). I personally make over 800K NXT with about 1 BTC.

Exactly. If you made that much off those wild ups and downs think about how much the person who had a dominant share of that market would make causing those ups and downs.

Even though 33 Satoshi is a big difference from 1 or 2 I guess you proved me wrong there. Still think Nxt is pretty shady but I guess that's the awesome part about cryptocurrencies, doesn't matter what one person thinks.

Although I'm definitely not the only one to think that way:

https://www.cryptocoinsnews.com/bitcoin-core-developer-jeff-garzik-believes-nxt-is-a-scamcoin/