We weren't born yesterday. NxT might double or triple in price, temporarily, but the whales would be cashing out at the same time and then the capitalization will plummet down to $10 million and then everyone who bought in expecting gains will be left holding the bag.
You just can't win when you have greedy whales who simply have no confidence in their own coin and dump each time there's an uptick.
Folks keep saying that, but the 'whales' have have had several opportunities to jump ship now (and many have). Unfortunately, I think people fail to recognize that NXT's distribution just keeps getting better and better.
People are greedy, there were huge spikes a couple times in the past and the majority of people that weren't committed jumped ship. The people joining up now are the ones that respect the community, development and progress of the platform. There really isn't much development happening anywhere else, you have Bitcoin and NXT.
TLDR, we are running short on whales. They don't last very long with the huge price spikes!
Not even remotely true. The NxT whales sit on so much NxT they can kill that coin 1000 times over.
I suppose that's true of several coins. We are all so early to the game though that anyone can become a whale at this point. I've gone from 3,000 NXT to 100,000 in a couple of months. It's incredibly cheap anyway, 2 cents a coin. I've traded NXT, bought NXT and even sold some software I developed for NXT. The 'whales' can do what they want.
I happy to continue working towards more NXT because I believe in the work being done by the developers. I suppose in that way, I'm becoming one of NXT's 'whales'. I'm more concerned about the product than I am the current price. (or what it might do in the short term)
I'd love to put my efforts towards other work as well (would be nice to diversify a bit), but there simply ins't anything else out there. I'll continue investing in NXT any way that I can regardless of any major sell offs that might occur. There might just be enough 'NXTers' like myself to push NXT where it belongs, a top 3 competitor to Bitcoin.