NXT has a lot of innovative stuff coming out....yet the price just drops like a stone....right or wrong the inital IPO is killing NXT
Lol! You people crack me up. Have you guys noticed that there are a few more coins besides Nxt that are going down in price.... Peercoin, Ripple, Dogecoin, Mastercoin... Litecoin....
Bitcoin. Seriously people. The initial IPO doesn't MATTER and has nothing to do with the price drop! It could have started with 3 stakeholders or 5000 stakeholders and the end results would be the same. If people want Nxt to be mass adopted (that is used by millions if not hundreds of millions of people), than could someone please explain the difference between an IPO of 5 people vs 73 people vs 10,000 people? It's purely psychological/emotional. All I read about involving Nxt (and others) on these forums is "fair distribution" this, "unfair distribution" that.... You people are killing me. 'Unfair' is just a made up word that people can apply to any situation that they feel at a disadvantage. Uhh... Not to mention, I believe Nxt has already achieved a better distribution than bitcoin.
And jubalix, although I disagree with you on why the price is going down, I'm not saying you believe all this (don't know if you do or not). I just can't stand all the people that complain about the initial distribution without looking at the facts or thinking anything through.
They are right, not to recognise that NXT has been severely damaged by people perceptions of 'fairness' of the distribution is not to recognise the bigger picture. yeah most coins are down, but early on NXT was swimming against the flow no problem.
NXT should be 5-10 times the price it is now if based simply on the innovation of the system. If NXT had a perceived better distribution then people wouldt of run to NEM and other clones. I can't see a price rise coming until NEM and other major clones are out and people can reappraise the situation and value.