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May 25, 2014, 06:40:44 AM |
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Because everything needs negative criticism,
I'm going to be that critic, because I want this coin to grow.
It could be the next DRK..IMO, and right now that all really depends on BK
I'm still a little skeptical about this whole thing.
I mean the nautiluscoin.com isn't that great compared to darkcoin.io
There's like 10 different tabs at the top.
I don't think the Twitter is even on the site.
The most important part is that BK is a well known investor?
I think he should use that power to do the obvious, spread PR on CNBC.
And have it on the site to spark interest.
Currently, there's nothing that would instantly grab people's attention on it.
Maybe put out some bounties for design and whatever needs work.
Today, we saw it go up to 30+ because of the NSF apparently.
and lol surprise!
we are back at 20 already.
Yet, I'm still not sure why people would be selling at only a 50% rise
-Most volume is on other coins DRK, BC, XLB, etc..
BC went up 100%
XLB went up 200%
CaiX even went up 100%
in just this week alone
Naut only went up 50%, yes so 50% is nothing
I doubt we have any new investors shorting on NAUT; volume is really low (24hr 55BTC as of now)
Either there's still bagholders, like me who bought/mined pretty high and selling to get into other coins
or
Mining is still profitable, which I doubt because of the "better coins" above and not many coins have been minted since last week
159.39 coins per block
1440 blocks a day, or 229521.6 NAUT a day?
We were at 2.2m NAUT last week if I remember, that just doesn't add up.
Also another problem
People might think its going down because Bitcoin is going up, and I'll ask you this.
Does Litecoin go down when Bitcoin goes up? No, Litecoin usually goes up simultaneously with or without a delay.
Litecoin goes up because Litecoin has investors
Darkcoin has investors
Blackcoin has investors
Nautilus has NO INVESTORS
DRK down 10-20% today, but I assure you the interest is there and so are the investors.
Coins are too easy to manipulate; someone is just using BTC rise as a cover to bargain hunt DRK.
Every company needs investors, that's just the way it works, and its no different with coins.
Nautilus has a market cap of $260,000 or 480BTC which is extremely low..
I could buy a ferrari with NAUT? And kill half the market.
Liberty Coin, which I believe should be NAUT's closest competitor
had a marketcap of about $500,000 a few days ago..it is now $1,300,000
Truth is no one cares about Nautilus because its not going up.
A coin can't get volume from posting blogs or selling t-shirts, NO those aren't bad ideas BUT I think we are forgetting the basics here.
People buy coins because they go up
People sell coins because they go down.
Obviously, the inverse is possible when there are investors.
There needs to be a 3 point relation
1. BK, the central banker to keep things in check. Based on results, isn't really doing a great job right now.
2. The miners
3. The INVESTORS (Which NAUT doesn't have right now)
That way no single party ever has too much power than they should.
Maybe that will bring about the stabilization that this coin needs.
tl;dr
-BK needs to do whatever needs to be done about miner dumps; do a hardfork or something..and check for possible exploits.
-Kill ties with Dirac.
-let INVESTORS do their job of giving this coin GROWTH and INTEREST instead of just screwing them over with NSF dumps or letting miners dump huge loads of coins.
-Better design. NAUT logo doesn't look bad, but it doesn't look like a coin. I think that's very important for any coin.
After all that...maybe NAUT can start be a coin with its own Market trend, instead of just being a zero volume, no interest, PnD coin that people have already forgotten. Then just maybe we might have tons of volume, tons of interest, then BK can go say "deep liquid market" while putting sunglasses on and he'd actually be right this time.
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