So when is Catapult going to be released (for public). It's been over a year now. Before 4k tps seems a lot, but now you hear 1 million tps
i think NEM missed that boat. I'm still a believer, but having that hack is a sh***y PR that is not needed. We need catapult now. We hear NDA's are signed so no one can talk about what is being tested (i totally understand), Just curious to know how many company's signed NDA's, I want to know if there are actually a lot of companies trying out NEM Tech.
I don't think it will matter one bit with the market the way it is right now.
With btc dragging everything down NEM could announce some major partnership and it wouldn't amount to anything because of the overall market being in the toilet.
Best to wait until things improve and hopefully they can capitalize on the rebound.
Yes the tide right now isn’t good. Endless regulatatory headlines.
Amazing how the government won’t provide healthcare, education, basic services-you’re on your own for that but suddenly they want to “protect” you in crypto.
I really don’t mind a selloff if it’s a healthy correction but my obvious worry is that after a pounding of this magnitude things may not recover for a long time (twice bitten etc etc). What does everyone think?
I think you might be right about the prices being depressed for a while, which I guess is depressing LOL. The problem with the last price spike may have been that it happened too quickly, and I hear about people mortgaging their properties and such to get in, which is always bad news, the classic signs of a bubble. When price goes up fast, it can fall just as quickly.
I'd like to see a recovery, and if you follow the NEM News telegram channel, for every bit of bad news, there's five or six good news items so NEM really is continuing to truck along, so I have no doubt a price recovery is in the future. I'd just like to see it happen more slowly. A nice, steady increase of one or two cents a day, with long periods of the price staying the same, would be perfect for me. That gives people lots of chances to buy in, and those who need to sell for any reason can count on getting a decent deal. That's what you want in a coin. Stability with a general trend upwards.
To really get there, I think we're going to need to see some XEM/fiat direct markets open up. As long as any coin has to go through Bitcoin, then it's going to be stuck rising and falling with Bitcoin, and that really stinks, to be honest.
The problem though is crypto is inherently going to be very volatile no matter how you cut it. Sure, it would be nice to see 1-2 cent growth a day for a while, but that's just not how things work.
Especially a coin like NEM, which has a limited supply without new coins being created, the price is driven purely by demand and supply, i.e. if the price increases, there is no way to somehow go and 'get more NEM' which would curb the enthusiasm. This means it is pure animal spirits in either direction, up and down.
The other thing is, the fortunes of NEM and other cryptos are pretty correlated with each other. This means things happening outside of the NEM ecosystem can have a significant effect on the price.
