Topic: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread - page 58. (Read 661498 times)
June 01, 2014, 06:26:06 AM
I think most of the people who are selling their NEM stakes are desperate for money. That means they are probably immediately cashing in their Nxt when they get it. I would attribute the price rise in Nxt to speculation based on reports of impending big announcements.
June 01, 2014, 06:25:41 AM
If NEM is responsible for nxt price jump we should see a price rise for the tokens aswell should't we?
As we all know NEM is not related to NXT, I dont think it is responsible for NXT price jump.
This may have affected the markets
June 01, 2014, 06:20:55 AM
If NEM is responsible for nxt price jump we should see a price rise for the tokens aswell should't we?
As we all know NEM is not related to NXT, I dont think it is responsible for NXT price jump.
June 01, 2014, 06:20:09 AM
http://nxtblocks.info/#section/assets_exchange/12465186738101000735
Almost 100,000 more NxT worth of NEM has been traded since I made my initial post on NEM volume.
Almost 100,000 more NxT worth of NEM has been traded since I made my initial post on NEM volume.
June 01, 2014, 06:01:43 AM
i dont agree that it is nem.. the volume growth of nem slowed allot over the last 2 days. but yet the price of nxt shoots up faster... its not nem!!! is pre-emptive buying based on that "biggest ann ever" thread.. the "largest asian exchange is confirmed", skrill is "confirmed" this is all huge stuff.. its not nem!
IMHO, NEM can explain, not all, but part of the price. The others announcements of course should have contributed also. NXT is a complex ecosystem with it own particularities. Being said this, it is a FACT that NEMstakes trades are huge bigger compared with other assets in NXT AE and this, of course, introduce a lot of dynamism
June 01, 2014, 05:58:37 AM
i dont agree that it is nem.. the volume growth of nem slowed allot over the last 2 days. but yet the price of nxt shoots up faster... its not nem!!! is pre-emptive buying based on that "biggest ann ever" thread.. the "largest asian exchange is confirmed", skrill is "confirmed" this is all huge stuff.. its not nem!
No it was NEM. Prior to NEM on the AE, NxT's volume was still in the normal range and it was hovering around $40 million. As soon as NEM hit the AE, NxT saw gains in volume and value.
It's no different than how Maidsafe resulted in a simultaneous (but separate) Mastercoin pump and dump.
June 01, 2014, 05:51:00 AM
Hi guys, I have some ideas for new possible NEM features, but I don't know where to discuss.
What place would you prefer and where are devs reading?
Bitcointalk this thread, bitcointalk new thread, reddit or NEMforum (looks very quite up to know
)?
What place would you prefer and where are devs reading?
Bitcointalk this thread, bitcointalk new thread, reddit or NEMforum (looks very quite up to know
)? June 01, 2014, 05:23:01 AM
I am not in the list.
I should invest some btc before.
I should invest some btc before.
June 01, 2014, 04:44:03 AM
It is outstandingly clear that NEMtokens in nxt AE have moved the nxt volume up, some conferences with bunch of geeks has nothing to do it. NEM tokens volumes are quite impressing 
https://nxtforum.org/general-discussion/price-speculation/960/
Even they acknowledge on NxT forum that NEM is the reason for the huge current upswings in NxT. They know this because they have ways to check the volume on the AE and NEM is essentially dominating it.
http://nxtblocks.info/#section/assets_exchange/12465186738101000735
NEM has done almost 2 million NXT in Volume in less than 48 hours ($125,000). That's not counting people who bought NxT, with intent of acquiring NEM, who didn't follow through purchasing any actual NEM.
I think the argument that NXT is climbing due to NEMstake is a bit off...only ~200 stakes have been allocated.
Here's the primary reason(s) for the pump.
https://nxtforum.org/general-discussion/literally-the-biggest-announcement-i-ever-made-dev-team/
Not according to the volume on the AE. NEM has done almost 2 million NxT ($125K) since Friday, whereas NXT's 24 hour volume is only $250K so far. NEM is easily more than half of NxT's volume at the moment. Not counting the people who acquired NXT, to purchase NEM, who didn't follow through to purchase anything yet.
The upswing is 100% all NEM. Even they (hint) it on their official forum in the NxT price speculation thread (if you can be bothered to read the last 20 pages).
No one is pumping money into NxT based on a 'rumour' or some obscure convention. That's easily dispelled from looking at the AE volume. The AE volume by itself, if it were a separate coin, would be in the top 20 of cryptos.
There's no need for very much discussion on this point. It is obvious that you are right.
June 01, 2014, 04:27:25 AM
If NEM is responsible for nxt price jump we should see a price rise for the tokens aswell should't we?
Not always - BTC, Litecoin and other alts have gone through volume surges without the price buckling. Price upswings only occur when someone buys out sell walls but many traders prefer to allow the walls to build up before they do that.
June 01, 2014, 04:23:24 AM
If NEM is responsible for nxt price jump we should see a price rise for the tokens aswell should't we?
June 01, 2014, 04:16:23 AM
It is outstandingly clear that NEMtokens in nxt AE have moved the nxt volume up, some conferences with bunch of geeks has nothing to do it. NEM tokens volumes are quite impressing
https://nxtforum.org/general-discussion/price-speculation/960/
Even they acknowledge on NxT forum that NEM is the reason for the huge current upswings in NxT. They know this because they have ways to check the volume on the AE and NEM is essentially dominating it.
http://nxtblocks.info/#section/assets_exchange/12465186738101000735
NEM has done almost 2 million NXT in Volume in less than 48 hours ($125,000). That's not counting people who bought NxT, with intent of acquiring NEM, who didn't follow through purchasing any actual NEM.
I think the argument that NXT is climbing due to NEMstake is a bit off...only ~200 stakes have been allocated.
Here's the primary reason(s) for the pump.
https://nxtforum.org/general-discussion/literally-the-biggest-announcement-i-ever-made-dev-team/
Not according to the volume on the AE. NEM has done almost 2 million NxT ($125K) since Friday, whereas NXT's 24 hour volume is only $250K so far. NEM is easily more than half of NxT's volume at the moment. Not counting the people who acquired NXT, to purchase NEM, who didn't follow through to purchase anything yet.
The upswing is 100% all NEM. Even they (hint) it on their official forum in the NxT price speculation thread (if you can be bothered to read the last 20 pages).
No one is pumping money into NxT based on a 'rumour' or some obscure convention. That's easily dispelled from looking at the AE volume. The AE volume by itself, if it were a separate coin, would be in the top 20 of cryptos.
June 01, 2014, 04:13:08 AM
It is outstandingly clear that NEMtokens in nxt AE have moved the nxt volume up, some conferences with bunch of geeks has nothing to do it. NEM tokens volumes are quite impressing
https://nxtforum.org/general-discussion/price-speculation/960/
Even they acknowledge on NxT forum that NEM is the reason for the huge current upswings in NxT. They know this because they have ways to check the volume on the AE and NEM is essentially dominating it.
http://nxtblocks.info/#section/assets_exchange/12465186738101000735
NEM has done almost 2 million NXT in Volume in less than 48 hours ($125,000). That's not counting people who bought NxT, with intent of acquiring NEM, who didn't follow through purchasing any actual NEM.
I think the argument that NXT is climbing due to NEMstake is a bit off...only ~200 stakes have been allocated.
Edit: exchanges on the AE do not necessarily increase the trading price of NXT.
Here's the primary reason(s) for the pump.
https://nxtforum.org/general-discussion/literally-the-biggest-announcement-i-ever-made-dev-team/
June 01, 2014, 04:00:15 AM
It is outstandingly clear that NEMtokens in nxt AE have moved the nxt volume up, some conferences with bunch of geeks has nothing to do it. NEM tokens volumes are quite impressing
http://nxtblocks.info/#section/assets_exchange/12465186738101000735
NEM has done almost 2 million NXT in Volume in less than 48 hours. NEM started trading on Friday. 2 million NxT = $122K. If NXT a week ago was trading between $20k to $100K, NEM is easily accounting for nearly 60% of NxT's current volume.
That isn't counting the people who acquired NxT, who had the intent to purchase / bid for NEM but didn't follow through.
NEM is huge.
June 01, 2014, 03:24:38 AM
It is outstandingly clear that NEMtokens in nxt AE have moved the nxt volume up, some conferences with bunch of geeks has nothing to do it. NEM tokens volumes are quite impressing
June 01, 2014, 03:01:30 AM
ive followed nxt price for a long time, im pretty sure nem def has something to do with the price rise, im not saying its the only reason, but nxt has only done 110,000 volume the past 24 hours and its risen 12%, what did nem do $50,000 volume the first day, easy math says its plausible.
the last major run up was caused by being at a conference where they made a huge amount of contacts and many many people were interested greatly by nxt.. there is currently guys at another conference now(today and tomrrow i think.. not literally right now lol) and the payexpo is coming up (nxt is the only coin going to be there.. dont even think btc is going to be there, could be wrong. there is also 3 major major announcements to be made..(pre ann today) a huge amount of excitement and many nxt guys bought more.. one devs interveiw was also on letstalkbitcoin today i think actually. nem may have played a part.. but its far from the main cause!
also this: https://nxtforum.org/central-europe-bitcoin-expo-(vienna-may-31-2014)/day-1/msg32930/#msg32930
if you look to the comments bellow he also states that is "confirmed"
what i take from this is that nxt may become listed on the exchange that he is talking about.. if its huobi... shit.. thats guna be SICK!!!! so ya i dont think its nem lol
Ah that explains it... lots of activity on NXT exchange + the NEM stuff: NEM, dotsforbits, and tons of others
I've been following conventions for the various coins and conclude that they're a waste of money, they cost more to attend than they get out of it.
A bit off-topic but I am forced to attend conventions, in my industry, and it's honestly a big joke. Conventions are all about socialites and networking between the high status people (IF these people show up, more often than not they send the intern who can't answer simple questions). The Bitcoin and digital currency conventions are no different, from what I have heard.
If you read the NxT forums like me - even they acknowledge that NEM is dominating the NxT AE and that's where most of the upswing in volume is coming from.
June 01, 2014, 03:00:12 AM
Is the wallet coming out?
I don't find the download link.
I don't find the download link.
June 01, 2014, 02:51:35 AM
ive followed nxt price for a long time, im pretty sure nem def has something to do with the price rise, im not saying its the only reason, but nxt has only done 110,000 volume the past 24 hours and its risen 12%, what did nem do $50,000 volume the first day, easy math says its plausible.
the last major run up was caused by being at a conference where they made a huge amount of contacts and many many people were interested greatly by nxt.. there is currently guys at another conference now(today and tomrrow i think.. not literally right now lol) and the payexpo is coming up (nxt is the only coin going to be there.. dont even think btc is going to be there, could be wrong. there is also 3 major major announcements to be made..(pre ann today) a huge amount of excitement and many nxt guys bought more.. one devs interveiw was also on letstalkbitcoin today i think actually. nem may have played a part.. but its far from the main cause!
also this: https://nxtforum.org/central-europe-bitcoin-expo-(vienna-may-31-2014)/day-1/msg32930/#msg32930
if you look to the comments bellow he also states that is "confirmed"
what i take from this is that nxt may become listed on the exchange that he is talking about.. if its huobi... shit.. thats guna be SICK!!!! so ya i dont think its nem lol
Ah that explains it... lots of activity on NXT exchange + the NEM stuff: NEM, dotsforbits, and tons of others
June 01, 2014, 12:50:08 AM
Not sure why people think marketcap is so important, until I can buy a product with NEM (online or pos) I don't care if market cap is one million or hundred million. If NEM works and we can get it in the hands of average joe then to me that's when the real market cap starts. The way I see it, right now NEM is just a commodity and not a currency which is what I will be working hard to do.
To constitute being a currency then it's literally the chicken before the egg. Nothing will be considered a currency until a coin's volume exceeds $1 billion within a 24 hour period, something which no current coin is close to doing - Bitcoin's record was $70 million.
There are the technical issues - for instance, all the required confirmations within Bitcoin makes it impractical to use in a brick & mortar store. There appears to be a theoretical way to get around this, such as Bitpay acting as an equivalent to a credit card. Though nothing stops Bitpay from wiping out Visa / American express and then later jacking up the fees when they establish a monopoly.
There really needs to be a digital coin with fast transactions and confirmations, and this has to be scalable when the coin later grows to a billion+ in volume.
Not sure where you got the $1 billion within a 24 hour period from but you are right about the confirmation times, until a coin can do it in under 10 secs without a thridparty then it won't be used in brick and mortar store.Putting faith in some thridparty payment system is really no better then what we got now.
June 01, 2014, 12:28:43 AM
NxT's price and volume has been skyrocketing but it's been established that, yesterday, the volume trading NEM tokens was $51,000 in a 24 hour period. People buying NxT to acquire NEM is what is shooting up NxT's price. No different than how people buying Maidsafe coins led to Mastercoin to double (triple?) in capitalization (which then plummeted afterwards).
NxT's volume a couple weeks ago, before NEM trading, was only $20,000 to $80,000. It looks like NEM, before alpha, is essentially almost as big as NxT in volume and that's despite being restricted to tokens on the AE.
NxT's volume a couple weeks ago, before NEM trading, was only $20,000 to $80,000. It looks like NEM, before alpha, is essentially almost as big as NxT in volume and that's despite being restricted to tokens on the AE.
if that is true.. thats quite astonishing!
There are links to confirm the $51K volume, albeit other people posted them so I don't have that link on hand (but I definitely saw it).
NEM is the only thing which explains NxT's recent upswing out of nowhere.
I would agree with @TaunSew. I think there was some increase in price before NEM but that happened for the same practical reason, people were buying Nxt to buy some other shares on Nxt AE. Now, probably the most important factor for growth is people buying Nxt in order to buy NEM.
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