Topic: [ANN][NIM] - Nimiq - The Browser Based Blockchain - page 39. (Read 131288 times)

I am not a team member nor a contractor and still bought NIM, so there are definitely other people buying NIM. Let's call them investors and users. So it's only developers, investors, users and contractors that buy NIM. Good summary.

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You forgot to answer my question....

NOW, I GOT IT. THE ONLY PEOPLE WHO BUY THIS SHITCOIN ARE THE DEVELOPERS WHO GET 16% of THEIR $200,000+ A YEAR SALARY IN NIMS AND CONTRACTORS WHO ARE WORKING FOR NIMIQ IN EXCHANGE OF COINS. YOU JUST ADMITTED THAT NOBODY IS BUYING THIS SCAM TRASH COIN

It is your opinion that the coins are worthless, but the people that accept NIM as a means of payment probably have a different opinion and we are talking about those NIM. The demand is not from the Nimiq Foundation, but from their contractors and employees that get 16% of their payment in NIM.

Again, this is not price manipulation, at least not by any popular definition. Learn to use the right financial terms. This is contractors and employees of Nimiq Foundation demanding NIM, because they see a value in it. You can say they are stupid because they see a value in a coin you consider worthless, but that's something completely different. And by the way, we are still talking about something purely theoretical as we have still no proof they are actually buying NIM off the market and not just mine them or get them from some other source.

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So you are saying, you sold all your NIM at loss? Or do you still own them and are talking about unrealized losses? I just want to understand your situation and how there is so much hate that you even feel the need to twist the meanings of words.
Just a reminder: your false claims don't become more true by writing them bigger. Usually that's rather a sign for the opposite....

Buying $50,000 a month of worthless coins is exactly PRICE MANIPULATION to INFLUENCE AND DECEIVE INVESTOR WHO BELIVES THAT THIS DEMAND IS ORGANIC, WHILE 90% OF THE DEMAND IS ARTIFICIALLY MADE BY THE SCAMIQ  TEAM.

regarding your question, I have lost tremendous amount of money. A lot of ICO investors are mad on your shitcoin. Most of them moved, but I didn't move, I stay her on bitcointalk exposing the scam behind NIMIQ

If they buy OTC you might not even see the results on the price. Also you don't know if they are buying (they might use team internal funds for that) or the price they are buying them. You have no idea what the price would be if this theoretical thing is happening or is not happening.

And you are still wrong, this is not price manipulation, at least not by any popular definition. What we are talking about is called demand (because we are talking about NIM they are buying to fulfill their duties) and demand is supposed to influence the market price...

@yuluxugi32132, @nimiqshitcoin, @nimiq-shitcoin, @coinfanatic, @andrewjaxx, @john.btc, @sasha.new, @Scamiq, @wentian.cn, @robin.nimiq, @matthewgpu, @Scamiq2, please pick a number between 1 and 7.

No shit! THIS IS EXACTLY PRICE MANIPULATION. THEY BUY THEIR OWN COINS WITH ICO MONEY! IF THEY WOULDN'T BUY 50,000 USD THEIR OWN COIN EVERY MONTH, THE PRICE WOULD HAVE BEEN 0.

Wrong! Buying your own company shares is not price manipulation. It is called share repurchase or stock buyback and something totally usual in stock markets. Here is the definition of price manipulation from wikipedia including several examples. Again, stock buybacks is not on their list.

Oh and you know, NIM is not the company share of Nimiq Foundation. NIM is a currency and there is no relation between the price of NIM and the value of Nimiq Foundation. That is the same as if you claim that BoA does price manipulation when they use some of their USD to buy EUR to pay their employees in their eu branch, who for some reason prefer EUR over USD. Apparently Nimiq employees prefer NIM over USD (at least for 16% of their salary)....

scam scam! this is exactly the definition of price manipulation. when you buy your own company shares. why they don't mine ? digging is easy that even they can mine. because they buy their own shit they artificially manipulate the price

Well, they are not keeping the NIM, they are using it to pay their expenses. If their employees/partners accept NIM as a means of payment, how is that a bad thing? That's exactly what NIM is intended for. Ideally at some point of the future, it's not only 16% paid in NIM, but 100%.
But 16% already shows that they are willing to receive their salary in NIM (which is basically the same as investing into NIM), so they actually believe in their own project, which is again a sign that it is not a scam. Nobody would knowingly invest into a scam and they would be the one to know if it was a scam....

Oh, did you notice how they already do this for months? No? Then this is a sign that the latest price jumps are not at all related to the team buying NIM, because they were able to hide it before (probably do OTC trades, as this is how you do large amounts).

You and the "other" FUDers trying to find something negative ("price manipulation") in a thing that is actually positive ("team buying NIM to fulfill their demand") is wimpy.

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You raised your point that Nimiq will probably be bankrupt within a few months and the value of NIM will go to zero similarly fast. So why don't you come back in a few months to tell us how you knew it in advance and what a genius you are. Or (which is way more likely) don't come back as you realize how wrong you were and that this project is actually perfectly legit and even positive for their investors at some point....

Analyzing your possible situations:
1. You believe in the project and think it is going to raise in value. You should continue HODL your NIM or even accumulate more at the current low price. You should not spread FUD as this would hurt your own investment.
2. You don't believe in the project anymore and think the value is going further down. You should have sold your bag already would no longer be invested into NIM (so can't claim to be highly invested without lying to deceive other investors). You might waste your time into FUDing, but that wouldn't give you anything valuable, so it's unlikely you'll do it every day for a month already.
3. You are invested into another project and think that hurting Nimiq by spreading FUD will increase the value of the your investment. You can't claim to be highly invested into NIM without lying to deceive other investors.
4. You are a paid shill of another project that wants to hurt Nimiq by spreading FUD. You might be invested into NIM, but your shill payment must be higher than your investments value to make it valuable for you to shill against your investment, so you can't claim to be highly invested into NIM without lying to deceive other investors.
5. You are just insane and have a lot of time to waste on the internet. You might be highly invested into NIM and still spread FUD.
6. You are just insane and after losing money by buying at ATH and selling at ATL, you now also want to lose your time spreading FUD (because time is money, so you can even lose more money on NIM). You can't claim to be highly invested into NIM without lying to deceive other investors.
7. You are Robin and are insane because you smoke too much. You just want to destroy the project at any cost and after you realized you are not going to be able to get the money from the team, you do so by spreading FUD.

It's easy to see that the first case does not apply to you and the other FUDers, as you are spreading FUD. In cases 2, 3, 4 and 6, you'd be a liar (as you claimed to be highly invested into NIM), in case 5 and 6 (and 7) you'd be insane. Which case matches yours?


Warning: yuluxugi32132, nimiqshitcoin, coinfanatic, andrewjaxx, john.btc, sasha.new, Scamiq, robin.nimiq are sockpuppet accounts, proven liars and FUDers. All of them were only created this year and only for the purpose of spamming this thread (check their profile). Don't expect anything mentioned by them to be true. If you want real insights, check out Nimiq community channels (Discord, Telegram).

haha haha. soon bankruptcy. they buy over $50,000 a month their own coins. project is DEAD! haha. digging not profitable. price will go to 0 after bankruptcy which is near.

I wasn't the one to claim they bought NIM to fulfill their duties, it was john.btc aka robin.nimiq aka nimiqshitcoin. I was just pointing out that his reasoning is flawed and that what he said is an indicator for demand not for artificial price increase.

I can add another item to the list of their duties (beside the 40M NIM they apparently assigned to the independent community funding board): Their salaries. According to this blog post, 16% of their monthly payments are paid in NIM, that's about 30k USD worth of NIM every month. The foundation currently owns 20k USD worth of NIM through the vesting, so they obviously have other sources of NIM.

As long as we don't see the relevant transactions on the Nimiq blockchain, we won't find out what the source of funds is. I still think it is not relevant at all, if they have duties in NIM, there is no problem if they buy NIM to pay them, as it is totally underpriced right now. If they now get rid of all the foundation/team owned NIM within a few months, that would be stupid (and a good reason to criticize them), not the other way round.

My guess is the price increase is more due to "insider trading" (where insider is everyone active in the community).... They were teasing an announcement the last days through Telegram and Twitter, so some people might have decided to take the potentially last chance to buy cheap NIM....

Good Job sockpuppet account normana. You just admitted that team scamiq is buying coins from the market to keep the price afloat!

Yet another lie of nimiq's sock puppet. They are buying their own coin to pump the price.
There is no demand. The price immediately dropped again.






You are following twice as many people as you have followers. Almost all comments are bots. Very obviously you are paying bots to appear as if you are not completely irrelevant.










Ignore normana. He's just a fake account who wants to trick investors into buying nimiq's shitcoin.

If they buy coins on the market to fulfill their duties, then the increase in price is not artificial. This is called demand and according to the theory of a free market, an increased demand should also increase the price.


Well, if the instagram is just created (as you said), how should the have a lot of photos or a lot of followers?

The entire project is a bad joke. They shouted and screamed that they created an Instagram account, while their gram has only 10 photos. WHAT A FAIL! A project with 12.9 million dollars ICO has 10 photos on instagram and 100 followers. https://i.imgur.com/5D1VR4c.png. If this is not a scam to launder the ICO, what is it then?

sushi pool gpu pool is a bad joke. really bad pool. it has 10% pool fee. i have never seen other pools with 10% fee. only on scamiq project. before it was 20% for gpu miners !!!!!!! . really bad fee and bad project.

Indeed. It took us over 6 months to dig out all these proofs behind the shady operations and the dark secret of nimiq team. It is also noted that we were the first who knew that scamiq team is conducting a scam operation to launder all ICO money in order to look legit. They didn't build any campus as promised, only a tent ( a fucking tent ! ). They have been lying all this time about the Nimiq Campus, while they only bought a 1.1 million dollar villa in Costa Rica from one of their investors. Where is nimiq 2.0? No news about nimiq 2.0. Nothing. What about the Q4'2018 promises? When all Q4'2018 be delivered in 2020? I can bet that scamiq team will get bankrupt before delivering Q4 2018 promises.

Really good finding - price manipulation at its finest. They are buying coins from the market, there is no other explanation of how they would have coins to pay over 50+ NIMs to community managers and project proposals. They didn't move any coins from their vesting accounts. It is clear that these coins were bought from the market. They are categorically buying coins from the market increasing the price artificially and generating 95% of a fake volume