I think that NEMs huge problem is that it wasn't launched in November before the current BTC slaughter and all ongoing ALT slaughter. I know, you might tell how NEM wasn't ready, multisig wasn't ready etc.. and I agree with this, but I think huge opportunity has been passed. Crypto is in a big slump and it will take time for it to get out of this slump. Problem with NEM is that will be launched in the midst of the crypto storm crisis.
Look at NXT, they are constantly delivering but the price is plummeting and trust me, there is not even that many whales unloading at the moment. You might say how NXT is worst than NEM but I don't agree, feature wise it will take NEM a good year of development to catch up its bigger brother. I have read a prediction somewhere how in 2015, 80% of ALTs will loose 80% of value. I think this is exactly happening and keeping this in mind, NEM is just coming at the bad moment.
And just to add, this is why I am pissed by all the delays since my claimed stake is now stuck. In the crypto world, investment climate is changing very fast. What seemed good in October doesn't seem that good in February.
yes that pissed me a bit cause i felt that bitcoin would fall from 300 and sold my modest stash of bitcoins at that price. We know the rest it fell well below 200. I re-bought there and recover some of my "virtual loss" because of my NEM redeeming two weeks before. Doesn't mean i don't believe in Nem, i just FRIGGIN HATE being blocked and unecessarily bagholder when obvious moves are about to happen in crypto world to optimize my coin stash.
Well i don't own much Nem because i smelt bitcoin blood back in december and played über safe but this redeeming blocked me well in my trading strategy
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Can't imagine for the guys who have several stakes redeemed looking at crypto being slaughtered and nem launch delayed to march april may etc...Would drive me mad, i'm not the long term kind cause i discovered you always get rape doing so cause crypto landscape is very lunatic. Never worked once for me to baghold in alt crypto world. NOT ONCE. It just never works, you have to follow the trends.
It can work for NEM because it is first class crypto but always a risky bet to just sit and wait.
In the end, being pegged with nxt and btc is just a pain in the as*
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Major dump after the launch would be a worst case scenario and Im arfraid that we´ll see that. Alts are taking huge hits and we are stuck with frozen stakes, although i believe in NEM i did not like lost value of my investments.