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/biz/ - Business & Finance


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20706970 No.20706970 [Reply] [Original]

is definitively based. Any other le epic HODLers out there?

>> No.20707052

worst shitcoin in crypto history

>> No.20707062

>>20707052
explain

>> No.20707188

>>20707062
The cuck will say price action, as he doesn't know what prolonged accumulation leads to

>> No.20707530

>>20706970
220k HODLer reporting in. Debating increasing my stack another 20%

>> No.20707548

>>20707188
no one is accumulating this trash. VCs and smart money left a long time ago. the telegram is just about 10 deluded bagholders who can't wait to sell as soon as they are near break even

>> No.20707552

>>20706970
How much to make it?

>> No.20707726

>>20707552
ATH will be 10$ so 500k minimum or you'll have to rope yourself

>> No.20708623

>>20707548
Capped!
>>20707726
This. 5-10 bucks. Accumulate hard, I'm almost at 1 million myself.

>> No.20708844
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20708844

something drew me to this thread and I'm listening to that for now. Care to tell me more about NKN anon?

>> No.20708970

>>20708844
It’s the Airbnb for bandwidth sharing. No other crypto can match the Moca consensus model for future network scaling. It’s tech is unfuddable, just questionable tokenomics and marketing

>> No.20709297

>>20708970
Once the hype cycle starts ot will never end

>> No.20709663

>>20708970
>questionable tokenomics
the tokenomics are shit and you know that, fren

what reason would make it pump?
I'm considering my money's gone

>> No.20709775

It's not too late to sell. Becoming a bagholding community member is a choice.

>> No.20710239

>>20709663
What makes them shit?

>> No.20710311

>>20710239
it has no incentives to hodl
simple as that
tech is amazing
marketing is trash
cois is trash

only a miracle would make this pump

>> No.20711169

>>20710311
what this anon said

there is no use case for the token from the perspective of hodlers. you can't stake it, you don't need it to run nodes.

there is literally no reason to hold the token other than to hope to sell it at a higher price. that is fundamentally broken.

it doesn't matter too much if the coin had big hype and pumps because of that, but it has zero hype and trash marketing.

>> No.20711405

>>20711169
>there is literally no reason to hold the token other than to hope to sell it at a higher price.
That's like every coin ever.

>> No.20711620

>>20711169
The incentive to hold comes from the fact businesses would need to use the token for services like the nCDN, pumping fiat into the ecosystem. But given NKN say the number of nodes can scale to the millions at it's still sat around 25k over a year in, it's still looking like absolute shit. A project like this is still likely 5+ years away from your average zoomer getting any use out of it.

>> No.20711746

>>20706970
Comfy holding 500k. 650k is the next stop if price stays under 3c.

>> No.20711925

>>20711620
Chinese zoomers already making use of it. So that's something.

>> No.20711989

>>20711620
that doesnt change the fact that there is nothing that you (as a holder) can do with the coin

meanwhile if I hold cardano then I will be able to stake it and this will validate blocks on the network once POS is live. thus holders are an integral part of the network

NKN has no such model. holding is completely useless and serves zero purpose for the network

>> No.20712090

>>20711989
the coin can be used to "purchase" higher quality distributed bandwidth and services. every node can set a potential price for the bandwidth it provides, so as the network grows, the token would be in demand for better/faster access, much like etherum's gas's function

>> No.20712714

>>20712090
those services aren't even purchased directly with NKN, they are bought with fiat and then the team (supposedly) will convert that fiat into NKN

so yeah, holding a bag of NKN is still useless, sorry

>> No.20712968

>>20711989
Holding bitcoin has zero purpose for the network yet here we are

>> No.20713193

>>20712968
yeah but you can't compare this random shitcoin to BTC and think it means anything

the reason NKN performs so poorly price wise is
1) shitty tokenomics that don't incentivise holding

2) no hype, no marketing, no market makers/big whales involved

>> No.20713259

50c by EoY. Copers will cope.

>> No.20713412

>>20713193
I second this. I remember two years ago, this was hyped on /biz/. I was deciding to go in either NKN or LINK. Glad I did 50/50, because I lost 90% of my initial investment in NKN.
There's literally 0 marketing surrounding it, it's basically stagnated. I'd rather buy more ONE, since it offers staking, and has a higher liquidity. Just look at the liquidity of this thing. Yes, the team is amazing and the product is good, but the marketing is so shit (there is none).
Also, there's a planned token swap later this year, so there's no use for this NKN, and the new one will be used for their services, so there goes the price.

>> No.20713591

>>20713412
yeah its a shame because its technically a good project/business, but I'm very glad I wised up and ditched the token

they should have created much more attractive tokenomics and paid more attention to getting traction within the crypto space

now it's just a dead end investment, and the community has some of the deepest bagholders of any community in crypto, which is a death sentence

>> No.20713645

>>20712714
You can absolutely purchase them services directly via NKN, without every talking to or working with the team. nCDN already has an open portal for users to setup their domains with, and TUNA is a platform to be built on - no service portal needed. Just development skills and a bag of NKN to fund whatever you're pushing around the network.

>> No.20713848

NKN will be $3.50 by mid 2021.

>> No.20714101
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20714101

>>20713848
When you know, you know

>> No.20714122

>>20713848
Keep dreaming.

>> No.20714123
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20714123

>>20714101
also, pic related

>> No.20714209

>>20714123
That's not that good, you know that right? Speaking from a financial standpoint.

>> No.20714295

>>20714209
Note conservative estimate. iQIYI is one business (a huge one) that ran tests on nCDN and saw their operating costs plummet. They will now transition to putting a share of their streaming onto NKN as a further test. If this goes well, and it will, they will most likely fully convert. And if iQIYI is doing it, so will many, many companies. Please though, buy high.

>> No.20714441

>>20714295
I know, but if big businesses will use it, the price will be low, since nobody will want to pay for a widely used token, as in, used in production, that is highly priced.

>> No.20714769

>>20714441
But isn't there a fixed mining reward per year, so more nodes would mean less rewards per node. But the more traffic there is the more nodes are needed, right ? So by the laws of economics the average mining rewards for operating a node need to at least cover the cost of operating plus the ordinary rate of profit. Otherwise no one will do it.
Right now most of the nodes are hosted on cloud computing providers, but for the network to be useful they need a high number of home nodes, which have a higher cost of operating. So wouldn't more traffic basically mean higher price ?

>> No.20714955

>>20714441
Big businesses will pay whatever the going rate is since it’s still far far cheaper to outsource and use NKN than do it internally. There’s a AMA video where they explain that even if companies who have the money to host services on a global scale themselves, they simply won’t due to cost/inefficiency

>> No.20715135

>>20706970
i think when they swap whole ecosystem from erc20 then we will see some serious price movement and right now price ATL so the only direction where this can go is up.

>> No.20715434

>>20714769
Why would it mean higher price? The first part is correct, the second isn't.
>>20714955
AWS is pretty cheap. If NKN prices increase, it will not be used.

>> No.20715478

>>20714769
Mining and service rewards are two different things on nkn. There are no limits to what you can earn via ncdn or tuna