Looks like normal range to me. NEM was holding at 24K NXT for awhile and now it's dipped down to 22K NXT.
The problem with being traded on the NXT AE is that NEM's price rides on the value of NXT and also follows its' trends. Everyone seems to be unloading their NXT.
It's a dump and pump. NXT is having a huge content release on August 8 and the whales are purposely crashing down the price as low as possible so they can ride the profit / hype train when NXT rebounds to 7-9 cents after August 8. They did the exact samething back in April by crashing NXT down to 2 cents and then profiting immensely when it rebounded to 8 cents.
Topic: NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs - page 1836. (Read 2984910 times)
It's almost August! 
Whatever happens, it better be something interesting. Price is dropping as general users are losing confidence. Which is fine except that the whales in the know are picking all up the initial distribution is getting hammered.
Why are they losing confidence? The dev's have started that the target launch date is Sept.
It's almost August!
Whatever happens, it better be something interesting. Price is dropping as general users are losing confidence. Which is fine except that the whales in the know are picking all up the initial distribution is getting hammered.
What's happening in August?
It's almost August!
Aye matey, let me ask you something, what's the big difference with NEM to the other altcoins?
But, about whales:
- are there any whales in the NEM test net now?
- if not, is it possible that you "grow" someone to whale and after that try to follow, how it affects to the NEM system?
Making a test-whale: select some account and all the users send 10% of their coins to that account
The latter test caused another:
could the current SW have kind of 'test menu', where are menu commands for stress testing?
Eg. one menu command could cause 100 transactions to the user-defined account with user-defined NEM amount. Or would such commands be too "risky" in this phase?
- are there any whales in the NEM test net now?
- if not, is it possible that you "grow" someone to whale and after that try to follow, how it affects to the NEM system?
Making a test-whale: select some account and all the users send 10% of their coins to that account
The latter test caused another:
could the current SW have kind of 'test menu', where are menu commands for stress testing?
Eg. one menu command could cause 100 transactions to the user-defined account with user-defined NEM amount. Or would such commands be too "risky" in this phase?
Biggest account in the test net is probably Thies' account with about 220M NEM.
It's not risky to stress the testnet, but someone has to code that test.
Aside from that:
Please, if you have a node running, upgrade it to V0.0.75 now: http://bob.nem.ninja/webstart/
There's that one Walrus* on the AE who owns like 25 stakes out of 4 billion coins.
If each stake is 1 million nem, 26 stakes is 2.6%
40m = 1%
26m = 0.65% (i think)
thats a small whale if you ask me, barely a whale.. in nem thats a whale ya but only cos the distribution is so good.. but in most other coins with low marketcap 1% or more is a whale.
again its all about perspective.
yea ... that is not a whale ...
But, about whales:
- are there any whales in the NEM test net now?
- if not, is it possible that you "grow" someone to whale and after that try to follow, how it affects to the NEM system?
Making a test-whale: select some account and all the users send 10% of their coins to that account
The latter test caused another:
could the current SW have kind of 'test menu', where are menu commands for stress testing?
Eg. one menu command could cause 100 transactions to the user-defined account with user-defined NEM amount (Edit: with certain realistic delay).
Or would such commands be too "risky" in this phase?
may i ask do you work for bitfinex? DRK was promising but the trouble they had with master nodes put an end to that mostly. there method for annonimising transactions was a bit flimsy. a problem came up and instead of fixing it it was more like apatch, and then another problem arose from that that also got patched and eventually they couldnt contain the issues any longer as far as i know.
once nem proves itself, if it hasnt already, i think nem would be a superb choice for bitfinex. the volume already on the asset exchange speaks for itself.
once nem proves itself, if it hasnt already, i think nem would be a superb choice for bitfinex. the volume already on the asset exchange speaks for itself.
I don't work for bitfinex.com, nor am I affiliated with them. Their platforum is just used for the lending feature and as collateral for the asset.
I wasn't even reffering to the fact that DRK itself failed, but that the volume on bitfinex was extremely low and many traders were kind of pissed because they added such a "shitcoin" in their oppinion.
Hey guys!
Where can I find details about NEM asset exchange?
Will there be an AE from the start and how will it differ from the NXT AE?
Reason being, I am running the asset USDbitfnx that represents USD being deposited at bitfinex.com. Now I don't really care where my customers want their assets, so I will likely (if possible) issue the same asset also on NEM AE and make it possible to transfer assets.
Let me know please,
Regards
Where can I find details about NEM asset exchange?
Will there be an AE from the start and how will it differ from the NXT AE?
Reason being, I am running the asset USDbitfnx that represents USD being deposited at bitfinex.com. Now I don't really care where my customers want their assets, so I will likely (if possible) issue the same asset also on NEM AE and make it possible to transfer assets.
Let me know please,
Regards
There will be no AE from the very start because that would delay the launch quite a bit.
We aim to do something different from your avg AE. An AE has turned into a kind of a standard feature by now so we sure as hell won't be putting out just another iteration of that
As it stands right now I can't give out any details and it's impossible for me to give you an ETA.
Hope you're still interested when our AE launches
Thank you for the honest and fast answer.
Yes, I will most definately launch my asset on every promising AE. NEM seems to have a big amount of followers, so it is a no-brainer.
Regards
hopefully we will someday make it onto your exchange.
That would actually be awesome! Though bitfinex is very picky in adding new coins, DRK was a big surprise for most traders there, and it flopped pretty hard too.
Hey guys!
Where can I find details about NEM asset exchange?
Will there be an AE from the start and how will it differ from the NXT AE?
Reason being, I am running the asset USDbitfnx that represents USD being deposited at bitfinex.com. Now I don't really care where my customers want their assets, so I will likely (if possible) issue the same asset also on NEM AE and make it possible to transfer assets.
Let me know please,
Regards
Where can I find details about NEM asset exchange?
Will there be an AE from the start and how will it differ from the NXT AE?
Reason being, I am running the asset USDbitfnx that represents USD being deposited at bitfinex.com. Now I don't really care where my customers want their assets, so I will likely (if possible) issue the same asset also on NEM AE and make it possible to transfer assets.
Let me know please,
Regards
There will be no AE from the very start because that would delay the launch quite a bit.
We aim to do something different from your avg AE. An AE has turned into a kind of a standard feature by now so we sure as hell won't be putting out just another iteration of that
As it stands right now I can't give out any details and it's impossible for me to give you an ETA.
Hope you're still interested when our AE launches
Thank you for the honest and fast answer.
Yes, I will most definately launch my asset on every promising AE. NEM seems to have a big amount of followers, so it is a no-brainer.
Regards
Hey guys!
Where can I find details about NEM asset exchange?
Will there be an AE from the start and how will it differ from the NXT AE?
Reason being, I am running the asset USDbitfnx that represents USD being deposited at bitfinex.com. Now I don't really care where my customers want their assets, so I will likely (if possible) issue the same asset also on NEM AE and make it possible to transfer assets.
Let me know please,
Regards
Where can I find details about NEM asset exchange?
Will there be an AE from the start and how will it differ from the NXT AE?
Reason being, I am running the asset USDbitfnx that represents USD being deposited at bitfinex.com. Now I don't really care where my customers want their assets, so I will likely (if possible) issue the same asset also on NEM AE and make it possible to transfer assets.
Let me know please,
Regards
There will be no AE from the very start because that would delay the launch quite a bit.
We aim to do something different from your avg AE. An AE has turned into a kind of a standard feature by now so we sure as hell won't be putting out just another iteration of that
As it stands right now I can't give out any details and it's impossible for me to give you an ETA.
Hope you're still interested when our AE launches
Hey guys!
Where can I find details about NEM asset exchange?
Will there be an AE from the start and how will it differ from the NXT AE?
Reason being, I am running the asset USDbitfnx that represents USD being deposited at bitfinex.com. Now I don't really care where my customers want their assets, so I will likely (if possible) issue the same asset also on NEM AE and make it possible to transfer assets.
Let me know please,
Regards
Where can I find details about NEM asset exchange?
Will there be an AE from the start and how will it differ from the NXT AE?
Reason being, I am running the asset USDbitfnx that represents USD being deposited at bitfinex.com. Now I don't really care where my customers want their assets, so I will likely (if possible) issue the same asset also on NEM AE and make it possible to transfer assets.
Let me know please,
Regards
CUBE logo is clear choice.
There's that one Walrus* on the AE who owns like 25 stakes out of 4 billion coins.
If each stake is 1 million nem, 26 stakes is 2.6%
40m = 1%
26m = 0.65% (i think)
thats a small whale if you ask me, barely a whale.. in nem thats a whale ya but only cos the distribution is so good.. but in most other coins with low marketcap 1% or more is a whale.
again its all about perspective.
Qora had a similar distribution without the whole we are Communists bullshit thrown in.
Is that thing open source yet ?
I really wanna see what they changed regarding POS. (like genuinely - not trolling.)
There's that one Walrus* on the AE who owns like 25 stakes out of 4 billion coins.
If each stake is 1 million nem, 26 stakes is 2.6%
40m = 1%
26m = 0.65% (i think)
thats a small whale if you ask me, barely a whale.. in nem thats a whale ya but only cos the distribution is so good.. but in most other coins with low marketcap 1% or more is a whale.
again its all about perspective.
Qora had a similar distribution without the whole we are Communists bullshit thrown in.
Obviously KORA (ORA) does not think so
. KORA > QORA 
There's that one Walrus* on the AE who owns like 25 stakes out of 4 billion coins.
* (is it a whale if they only own like 0.006% of NEM? Like half of one percent is a bit different from the whales we see in every other coin who own 5%-95%)
* (is it a whale if they only own like 0.006% of NEM? Like half of one percent is a bit different from the whales we see in every other coin who own 5%-95%)
It's 32ish now
Anyone run a report lately?And by the way:
http://www.nxtreporting.com/shareholder.php?a=12465186738101000735
That doesn't seem to update.
There's that one Walrus* on the AE who owns like 25 stakes out of 4 billion coins.
If each stake is 1 million nem, 26 stakes is 2.6%
40m = 1%
26m = 0.65% (i think)
thats a small whale if you ask me, barely a whale.. in nem thats a whale ya but only cos the distribution is so good.. but in most other coins with low marketcap 1% or more is a whale.
again its all about perspective.
Qora had a similar distribution without the whole we are Communists bullshit thrown in.
There are no whales, those guys are tunas, we are losos and rest will be plankton guys.
I dont see reason to restrict it to 2 stakes. Those guys earned those stakes the most fairiest way they could. They purchased them for real money, they had to work for. Some people got it for making announcement on forum. Why to make it harder for those who believe in it and maybe had to work many hours in real jobs.
everything is OK.
I dont see reason to restrict it to 2 stakes. Those guys earned those stakes the most fairiest way they could. They purchased them for real money, they had to work for. Some people got it for making announcement on forum. Why to make it harder for those who believe in it and maybe had to work many hours in real jobs.
everything is OK.
+1 I am not going to buy anymore NEMstake. Will wait until the official launch. The price will definitely be lower anyway.
I received my Nemstake.
Thank you NEM team
Thank you Jaguar, Patmast3r, and Xtester.
Thank you NEM team
Thank you Jaguar, Patmast3r, and Xtester.
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