Why I sold NXT
With the price of Bitcoin dropping below $600, I made a decision to sell most of my NXT assets.
Bitcoin Mining Reward
The Bitcoin Mining Reward is due to be cut in half in less than a month. I think Bitcoin will find a new trading range. My guess is the price will be lower than it is currently, therefore I should be able to repurchase NXT at a lower price in the future.
I also have some Counterparty assets in which I'm thinking about selling. Would you sell these assets now? Leave your comments in the reply section.
Disclaimer: This is not investment advice. Please perform your own due diligence.
But if you sold all your NXT now you can miss FXT Tokens distribution - check the roadmap for details:
So everyone interested in NXT project would be better off to get the desired amount of NXT by July, 1st, 2016
Update on Ardor-NXT 2.0 timeframe:
Snapshots will start be taken on an hourly basis, starting on July 14th to October 12th. Then, your total NXT will be averaged, and you'll receive that amount in Ardor tokens on October 12th, which will be freely tradeable up until the Ardor system launches.
No, I didn't factor this into my decision. Let me investigate. Thanks for pointing this out.
XCP is up
This's the moment we've been waiting for :-)
Why is XCP rising so quickly?
Partly due to some news according EVM porting to XCP (see below) and partly because of continuing Ethereum troubles
As for the CounterParty, if you mean $XCP, I would not sell it right now - I am waiting for a pump to sell them around 0.0035- 0.004 BTC. Hopefully the devs make some announcement concerning progress with smart contracts on CounterParty platform :-)
Yes, I was referring to XCP.
NXT still ranks up there as an interesting crypto project IMO, and i like to keep a relatively diversified portfolio of interesting crypto projects. However, i agree that not too much interesting has come out of that group lately, but that could just be my perception as a relatively uninformed outsider. Whenever my relative opinions of the crypto projects changes, i shift the weights in my portfolio and generally keep them above zero unless i completely become disillusioned.
I don't mean to rub it in or anything, but your timing was terrible.
NXT has almoust doubled in price compared to BTC in the last 3 days (since you wrote this article).
It is currently trading around 3k satoshis on polo.
Yes, I sold a bit too early.
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