Post
Topic
Board Altcoin Discussion
Re: Investigation Complete of Instamines and Fastmines for almost every top alt coin
by
Whoisthelorax
on 10/05/2014, 00:05:44 UTC
copied from NXT original thread...

Address; Hash; BTC; Multiplier; Weight; Nxt

1Aq5XrMf7SQsVA3RsByvZiRnARSCoaenj; 0810dc38a2e6e956918f2057f06f02846dfcfc6bf8860d976e08dec7e5cbfe8d; 1; 300; 300; 49875768
168udnkT3BMgFkzXwzLGnEymJpXxrgEhxt; 0dff9e047bde2f3de9551ea9439190f62080b443060fd76f66f3b87af38c0b8a; 0,0105; 300; 3,15; 523696
1EujnSavF7qVg5ngrKpTLbD52aCvoyTPh; 0e1446244ca325c2dd0cd6a8c6a5d56733bcce315a5536b750a408092d0b48b5; 0,11; 300; 33; 5486334
1AN8bAhXrdnqHU8USe3rNqdcneWacxQUZu; 17596f1491007e17fc4fee55fe6cf43b99a42384b5fcd80e5269816152918230; 1; 300; 300; 49875768

https://bitcointalk.org/index.php?topic=303898.540

someone got 49,875768 NXT...for sending 1 BTC.

at today's price thats a cool $1.5 million.

at NXT's really quick peak (.08 a coin and higher), that was well over $3 million dollars.





I see, in addition to ignoring my previous post, your main motivation for "dislliking" PoS coins is because you missed the boat on all of them? (Or perhaps invested in the wrong ones?)

Otherwise, I can't see why you're bringing up the % the initial investors made... In fact, it's irrelevant now (if not, tell me how it's relevant, I'm interested in hearing your excuse).

No, I'm not a miner, just an investor.

It's completely relevant to show how overvalued the coin is right now. From investment in October/November to December, the initial investment went up anywhere from 4,000x to 40,000x in value.

When you are an investor, that amount of increase in value does not leave too much more room on the upside and plenty of room on the downside. Can i reasonably expect NXT to jump 10x in value from where it is today? It's already gone up some 20,000x (average). In healthy bull markets, you expect up to a 20-25% pull back before the next leg up. Cryptomarkets tend to be even wilder than that. The increase in value from OCtober/November to December (and today) makes me think it could go a heck of a lot down more so than up.

When the original investor was a long time ago, i could hear the argument it doesn't matter. But the original investor was not even 1/2 a year ago. So, yes, it's completely relevant.