BEWARE
There is people yelling sell or crash and setting big sell orders.. in the moment people go under those levels they buy everything. Don't let them steal your coins. I've seen that happen more than 20 times the last 48 hours. They are fishing under 0.00008 levels. Don't let them take your coins. Launch date is on 5 days and they want more coins before that day. Don't panic. There is people with thousand of BTC invested here. This is not gonna crash or collapse.
Use your brain and don't panic.
If you sell later don't cry.
I am going to play a bit of devil's advocate here because I am afraid I see a wee bit of hypocrisy going on. Now I want to lead with the fact I am bullish on NXT, I have "drunk the Kool Aid" etc; I think that IF all of BCnext's ideas and projects come to fruition, NXT will dominate the market (barring better distribution channels, mindshare gains or PR from other Cryptos, but I have addressed that in another thread).
What I have a problem with is the obvious market manipulation of NXT current value. Now everyone here has a right to be put out by a "Debbie downer" or doom cryer like Panama1; that's fair, we believe in NXT and don't like to be faced by others we perceive as unjustly maligning NXT. But, you have to be objective and acknowledge that despite his incoherent ramblings Panama1 raises a point on current value of NXT. He is accused of deliberately trying to harm public opinion to tank NXT trade value and buy cheap coins. However, no one raised a peep of protest when BitDred showed some evidence of direct market manipulation (in this thread:
https://nextcoin.org/index.php/topic,1339.30.html) to INFLATE the value of NXT. So why is it OK to artificially inflate the value of NXT, but not OK to try and get it back to a "fair" (panama1's words not mine) valuation? What's good for the goose is good for the gander.
I bring this up because in the real world long term investors (who are not looking for quick cashouts and don't really care about the future) are put off by extreme unwarranted volatility. Now you may protest "what do you mean unwarranted? NXT is the best thing since sliced bread etc". No in this I agree, NXT has amazing POTENTIAL, but it hasn't been proven yet, launch is not until the 3rd and source code is not yet released.
So being purely objective, and putting aside my personal belief in the success of NXT, in its current state it is vaporware; a currency with a often shaky exchange (Dgex, is impressive in that one man has slapped it together with little lead time and FAR more volume and DDOS attacks than could be anticipated. But, we must all acknowledge it is shaky), and an active and apparently very talented community, invested in its success. These are wonderful assets, but do they justify the wild growth in NXT value in less than a week's time? Objectively, no. After release and when and if all the functions are released and working as they should, absolutely. But we are not there yet.
The long and short of it is the NXT market volatility is not actually a good thing in the long and medium term. While the overt market manipulation is a bloody albatross, and really hurts NXT's credibility.
My wife works in finance managing large portfolios, she was immediately put off by the manipulation and volatility she saw in the NXT market (and she is the target audience you need to get private investment and commercial acceptance BTW). This is a genuine concern and should be addressed. Perhaps when NXT is traded on other exchanges the manipulation and volatility will vanish, I certainly hope so.
I am going to continue to try and promote NXT, but I will hold out until I see more stability in the network before going full bore in my efforts. That said, we should all examine whether our support of NXTs extreme jump in valuation is based on the betterment of the Crypto itself and it's future adoption, or better for our wallets in the short term.
Just my opinion.
