Can you help me spending my NEM instead ? You seem like a sane person. I exchanged part of it into bitcoin, but now, what do i do ?
My spouse is just to (or "too", i´m not an english native) stupid for all that. I need help !
Do i seek the next psychiatrist, or what ?
Frankly I don't know what's driving the price so high. Cashing out to bitcoin and then cash seems to be the most sane way to spend it.
I checked the original website (nem.io) and they don't offer a list of vendors that accept NEM for anything. I believe its one of the more technologically advanced coin platforms out there, but unless you run a business and plan on paying people using NEM or a token developed on the NEM platform, there's not much to do with it.
The last thing I did with NEM is buy about $100 worth of Internet of Coins (IoC) during their ICO.... I think the ICO is legit but after several months its still under development. So pretty much all you can do with it, as far as I know, is buy other coins....
That doesn't mean it won't someday be adopted by merchants or have some other utility. But given the fact that there's several billion of them, I recommend selling them. The price seems way too high, as many other commenters here have been saying.
PS: DON'T use Poloniex to cash out your coins. They will likely just sit on them. Courtesy of the Poloniex support staff:
Polo are thieves, it´s a fact !
I don´t know if it´s the owners or the employes, but it´s a fact. They are thieves.
And somebody has to call it out !
I tried many times to Verify my profile in poloniex but failed.
Now I have to pay 0.01 ETH to withdraw 1.7ETH from it.
It is really unacceptable. But I have to withdraw anyway.
Maybe there is too few workers in Poloniex?
Their ticket support gives immediately a "warning" that the handling of the ticket takes more time than usually.
The possible reason is the increased traffic ...
e.g. see
https://nemnodes.org/richlist/ 
In a month the percentage of TOP50 has increased from 52.3 % to 53.4 %.
E.g. Coincheck's wallet was 383 M and now it is 510 M.
Some Nembers has sold some of their XEMs, and the Exchanges are buying all they can get ??
Edit: But Poloniex's cold wallet is in the same position than month ago. The Poloniex's hot wallet has lost some weight: 46 M to 10 M.
