Quote from: KingCole on March 16, 2014, 02:11:58 PM

Quote from: ashapasa on March 16, 2014, 12:51:56 PM

wow nxt price keeps dropping Huh

I thought the price will rise after all the noise about being listed in cryptsy, are the big holders of nxt cashing out? Maybe its good for them, the price earlier was probably propped up and maybe its returning to actual value. With NEM hopefully we will not have the same problem.

POS coins seem to have a bad rep among most crypto enthusiast, We must really emphasize the fair distribution of NEM or we will have the same reputation.

Disclaimer: I hold NXT as well as being a stakeholder of NEM

At the moment NXT is still pretty young and as a traditional crypto-currency you can't do much with it, e.g. spend it like Bitcoin and some other alt-coins. That isn't really the point of NXT and a few things conspire against it, the coins have had to be distributed fairly quickly from a smallish number of stakeholders, if one or two dump then the price will fall. NXT is all about the long term; if it is next generation to Bitcoin then it will follow a similar path to Bitcoin taking years to realise its value. But ultimately I believe NXT will survive and grow in value. The problem at the moment is it is valued lower than many fly by night alt-coins that are copies of Bitcoin or Litecoin with a marketing spin.

What does this mean for NEM? Probably the same thing as for NXT and we should be aware of this when it launches. Some stakeholders will dump because they saw it as just another alt-coin, others will hold but become vocal and demand things are done to increase its value short-term. Me? I see it like NXT as a long term investment and being part of something new. I don't sell NXT I buy and increase my stake, I will do the same with NEM. I also speculate in small amounts with alt-currencies but after making some profit I use this to buy into my long term coins Bitcoin or NXT atm. I also invest in some short-term coins that I believe have sufficient potential and are different enough, but also spend this category in the crypto eco system to keep it growing overall.

Hope the above is not to much of a ramble, just sharing my thoughts on NXT, NEM and crypto in general.

KC

Same as u .I hold nxt as o long term investment. And I will do the same to nem