The initial price of NXT was set too Low. The creators seem don't know its value

[aaadownload2000]

The initial price of NXT was set too Low. The creators seem don't know its value yet.

Such as MasterCoin, its price is around 0.333 BTC per coin right now, but it has very similar function of NXT, and it is still in developing and it is not yet open for public.

And also eMunie......its initial price will be much more than NXT (also not yet open for public to buy).

For the Next Generation of Bitcoin, NXT is the first 2nd Gen coin in the market with a well established circulation.

I don't know why the creators put the initial price to such a low value, even now it raises up to 100X, it is still relatively too low.

And if 2nd Gen of Bitcoin has much more functions than Bitcoin, such as "colour coin" and "p2p exchange", the fair value of 2nd Gen coin should be more than USD1300 per coin according i-bank report.

[Uniqueorn]

There are 1 billion nxt's, how do you figure that the value of NXT should be 100times that of Bitcoin already?


The creator obviously had big plans for NXT, but it's not like he could afford to force peopel to pay more than they were willing to contribute with.
It seems the project genuinely needed money ASAP and so only 73 people got in on the beginning.


I agree that the big stakeholders should've managed these NXTs a lot better in terms of bounties etc. But we here on the forum has still managed to make the coin climb and now more nad more people recognize it's value.

Ultimately only the general users will decide what the value is

[aaadownload2000]

Oh, let me clarify the "100X". The "100X" is the percentage of growth on NXT coin itself(Although it dropped to 0.000075 right now.). you can check it on http://87.230.14.1/nxt/nxt.cgi?action=40

And you can click on NXT/BTC (orange color) to see the previous data and graph.

For 1,000,000,000 NXT coins , and 21,000,000 BTC, the ratio is 0.021BTC per NXT coin, whereas Mastercoin is 0.333BTC per Mastercoin. Am I right?

[aaadownload2000]

Typing mistake (copy and paste mistake):

It should be :

"But Now the value of NXT is 0.000075 BTC per coin right now, whereas Mastercoin is 0.333BTC per coin."

[Edward Snowden]

Doesn't seem like a problem to me... Lower starting price=more money to make along the way with easier buy-ins for small timers.  Mastercoin seems to really be set up for a huge dump as of now in my eyes.  Most people who are genuinely in for the long haul still have their investments in BTC for 2014.

[pinarello]

The initial price of NXT was set too Low. The creators seem don't know its value yet.

Such as MasterCoin, its price is around 0.333 BTC per coin right now, but it has very similar function of NXT, and it is still in developing and it is not yet open for public.

And also eMunie......its initial price will be much more than NXT (also not yet open for public to buy).

For the Next Generation of Bitcoin, NXT is the first 2nd Gen coin in the market with a well established circulation.

I don't know why the creators put the initial price to such a low value, even now it raises up to 100X, it is still relatively too low.

And if 2nd Gen of Bitcoin has much more functions than Bitcoin, such as "colour coin" and "p2p exchange", the fair value of 2nd Gen coin should be more than USD1300 per coin according i-bank report.

Big +1 way undervalued, but why BCnext did it ? altruism?


Pin

[Mogočen]

The initial price of NXT was set too Low. The creators seem don't know its value yet.

Such as MasterCoin, its price is around 0.333 BTC per coin right now, but it has very similar function of NXT, and it is still in developing and it is not yet open for public.

And also eMunie......its initial price will be much more than NXT (also not yet open for public to buy).

For the Next Generation of Bitcoin, NXT is the first 2nd Gen coin in the market with a well established circulation.

I don't know why the creators put the initial price to such a low value, even now it raises up to 100X, it is still relatively too low.

And if 2nd Gen of Bitcoin has much more functions than Bitcoin, such as "colour coin" and "p2p exchange", the fair value of 2nd Gen coin should be more than USD1300 per coin according i-bank report.

Be quiet abouth this y have yust small amount and y need more coins, they are expencive for me even now when nobody knows abouth them around me. This can change fast and y will buy yust a air than with my resorces. So they worth a milion € or dollars to me now and actualy they can be in reality. So don`t say that they are to cheap or send me a donation if you want me to change my minde yust kiddin

[dzarmush]

The initial price of NXT was set too Low. The creators seem don't know its value yet.

Such as MasterCoin, its price is around 0.333 BTC per coin right now, but it has very similar function of NXT, and it is still in developing and it is not yet open for public.

And also eMunie......its initial price will be much more than NXT (also not yet open for public to buy).

For the Next Generation of Bitcoin, NXT is the first 2nd Gen coin in the market with a well established circulation.

I don't know why the creators put the initial price to such a low value, even now it raises up to 100X, it is still relatively too low.

And if 2nd Gen of Bitcoin has much more functions than Bitcoin, such as "colour coin" and "p2p exchange", the fair value of 2nd Gen coin should be more than USD1300 per coin according i-bank report.

Big +1 way undervalued, but why BCnext did it ? altruism?


Pin

Probably he hoped to get more people involved with lower price. But people instead of being happy about the price lower than prices of lousy btc and ltc clones started calculating another people's profit and bitching about it )

[amt]

Oh, let me clarify the "100X". The "100X" is the percentage of growth on NXT coin itself(Although it dropped to 0.000075 right now.). you can check it on http://87.230.14.1/nxt/nxt.cgi?action=40

And you can click on NXT/BTC (orange color) to see the previous data and graph.

For 1,000,000,000 NXT coins , and 21,000,000 BTC, the ratio is 0.021BTC per NXT coin, whereas Mastercoin is 0.333BTC per Mastercoin. Am I right?

Not sure if I understand your question.
But 0.021 BTC is the maximum price NXT could ever reach.
The Mastercoin supply is capped at 619,478 I believe.
So the maximum price is 33.89 BTC.
I don't quite know where you got the 0.333 BTC comes from.

So if NXT really were to supercede Bitcoin.
The price against Bitcoin wouldn't matter.

So as to the price being set too low.
It depends on whether NXT will be successful.
Right now I don't think anybody knows.
There's no full source code available.
No 100% certainty that development will keep going.

So price is pure speculative at this point.
With the first hurdle being 3rd of January.
It's either up or down from there.

[dzarmush]

But 0.021 BTC is the maximum price NXT could ever reach.

Wat )

[amt]

Wat )

There's only 21,000,000 BTC as opposed to 1,000,000,000 NXT.
So the maximum price for all the NXT to be sold is 0.021 BTC.
There wouldn't be any BTC left after to sell more NXT.

And that is a theoretical maximum price.
The realistic price is lower.

[aaadownload2000]

Think out of the BOX (Bitcoin), you will see the future.

Will you use iPhone 1st Generation right now? Do you remember what it is?

For me, iphone 1st Generation is a wonderful cell phone (in the past).

[amt]

Think out of the BOX (Bitcoin), you will see the future.

Will you use iPhone 1st Generation right now? Do you remember what it is?

For me, iphone 1st Generation is a wonderful cell phone (in the past).

Exactly my point.
If NXT supersedes Bitcoin, price against BTC won't matter.
It'll be NXT/USD and NXT/EUR.

As for your iphone analogy, I disagree.
I'd use a 1st generation phone, if the 2nd generation phone had tons of issues.
Slapping "next gen" on anything doesn't give it true value.
Simply marketing and speculation prices.

Disclaimer: I'm mid term bullish on NXT. Long term uncertain until source code audit. And next update.

[dzarmush]

There's only 21,000,000 BTC as opposed to 1,000,000,000 NXT.
So the maximum price for all the NXT to be sold is 0.021 BTC.

Again, wat? Do you really think that number of bitcoins has some kind of influence on Nxt price?

[amt]

Again, wat? Do you really think that number of bitcoins has some kind of influence on Nxt price?

No I was simply answering a question related to the NXT/BTC MSC/BTC price.
And in that case the maximum amount of Bitcoin does matter.

In a post above you I'm saying that BTC/NXT won't matter if NXT succeeds. The price will be directly against fiat currencies.