Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Nxt :: descendant of Bitcoin
by
msdogey
on 05/06/2014, 14:54:36 UTC
Trying to decide whether or not to dump my Doge for Nxt. Thoughts?

Full no BS disclosure, I recently dumped all my doge for NXT (and unfortunately took a huge loss doing so.)

I was huge doge supporter for a long time.  I still love doge!  Unfortunately it got to the point where I felt I needed to cut my losses and move my money to somewhere else with better fundamentals.  Doge could very well make a comeback someday or it may slowly fade as more money gets bled away and better competiors emerge.  The Doge community is a huge asset but unfortunately the community alone cannot do everything.  The only reason doge got to the value it did was because of pumping by Wolong.  It very well may be pumped again in the future, but that is a straight up gamble and you might as well go play roulette if you are want to put your fate in the hands of a whale.  Doge has 5x as many coins now as it did during the original pump so someone would have to be willing to put down some serious cash to try to break past the previous high, or even rebound it significantly.  I both gained and lost a significant amount of money with doge and I won't say that I will never be back but for now I don't see any signs of the decline stopping so I am going to stay away.  I hope it does recover though because I would love to see it come back with the strength it had in Jan/Feb, I just think that might take a while for the cycle to complete. 

In the meantime I do see more promise with NXT from an innovation standpoint that anything like DRK or the X11/X13s.  But you shouldnt take my word for it, because everyone in every thread on this forum is trying to push their coin so they make money, that is a fact.  I am just simply stating that I believe the odds are best in my favor to profit with NXT in the current crypto landscape so I am all in for now. I don't have eternal loyalty to any one coin though so I will be happy to switch my investment if the time comes that I think something will be better in the long term.

Good luck!