Guys at the moment, looking at the AE, price of one NEM is 150 satoshis. When we start trading on exchanges, upon the launch, will we beat this price or the price will be lower?
I would like to hear opinions since I am thinking should I buy a NEMStake now, or wait the launch. Please keep in mind that there will be a lot of people who will dump their stakes upon the launch. If the price will be 150 satoshis, this will be an easy 1,5 BTC for them. This will surely drive the price down and let's face it, there are people like that, who are just looking for the easy money, moreover since they invested hardly nothing. There are many coins that were more expensive on IPO than after launch. Also I think that price drop is inevitable, BTSX dropped over 50% from the launch price before it started going up.
Another thing in mind is that there are 4B NEMs to 1B NXT. This would put a price of 1 NEM to the 600 satoshis launch price comparing to NXT, since there are 4 times more coins. Anybody remembers the price of 1 NXT when it hit the exchenges upon the launch? Is this 600 satoshis to much for NEM to beat?
Feature wise, looking at NXT at the moment there is just coin sending, better distribution and POA algorithm that is making forging fairer. All other feats are just promises.
I am not trying to spread FUD, just trying to think in advance, invest, and hear other peoples' opinions.
At every launch, consistent with both stocks and cryptos, price will drop and then take a hockey stick turnaround. This is considered a norm.
Nxt was launched at a price of 1.5 cts. before falling to a low of about 0.37 cts. Subsequently, over three weeks, it went to 7.2cts. Prices were pegged to BTC. In BTC terms, it was launched at about 0.000014 and dropped to a low of about 0.000004 BTC before rising to 0.000098 BTC.
Nxt started with something that is less of what NEM is starting at. At that time AE was also a promise. Hence on a level playing field, NEM is starting off with multisig, the first built in wallet for a crypto, PoI, the first most evenly distributed mining or harvesting. Hence NEM has two firsts.
For a price prediction go here:
https://forum.nemcoin.com/index.php?topic=2459.msg9488#msg9488This is matter of conjecture and is by no means what it will turn out to be. It may be better or it may be worse.
