Hi all. How much do you think NEM will cost for the new year? Satoshi and cents?
I guess XEMUSD at the turn of the year will land in few cents area (3 to 6 cents),
XEMBTC - in area 500-1500sat (with Bitcoin price somwhere in range of 4000-6000$ after climbing to 7000-8000 and massive correction). I can be wrong if NEM Foundation has some good news behind the belt, but i dont think so. Deep correction after big gains in case of XEM is repeating pattern for his trading pairs. In other words, when Bitcoin is still in bull mode, XEMUSD produce sideways moves with tendency to little fading (around 20cents). But after the end of this wave in case of BTCUSD, there should be deeper correction, and slaughter on the alts, especially on those dont have good fundamental news. I remember about SegWit2x of course, that case can cause Bitcoin's problems to sustain his upward move (now this move is fueled mainly by speculators collecting BTC to get Bitcoin2x). After SegWit2x fork we can see deep volatility in BTCUSD, and wild volatility (with deep flash crashes in price) for example in XEMUSD and XEMBTC. So the price of few cents and 1000sat or lower can be of course reached in one massive, shortlived dump, after that return even to 10cents+ area and than could be fading to few cents. So keeping some Fiat (JPY) on ZAIF and pending orders (3-7JPY) could be very profitable i think.
In Spring/late Spring of 2018 however i see the price of XEM @new ATH (1$ or higher) and Bitcoin around 10000$ or higher. So in the nearest future (let's say December 2017 and January 2018) is good time to accumulate XEMs for good returns further in the next year. The cheaper, the better.
3-6 cents? I don't think so:
-Catapult release this year
-first time in a Korean exchange next month
-it seems like bitflyer will add NEM to their exchange
-COMSA will start directly with some ICO's
-Japan is the biggest crypto market and NEM is very popular in Japan
If the whole market will crash we might see 15-10 cents.
For 3-6 cents we must be in a bubble right now and I don't think that we have a bubble.
Okay i understand the arguments like this. But saying that in Cryptoworld some thing is impossible can lead to ... failure. I have chosen to be prepared for good scenario (so I hold significant part of my XEMs stack, of course partially sold in May/June), but have also some reserves (from taking profit in May/June) for tanking cheap XEMs from weak hands and unwise specultors (from those who likes buying expensive and dump with loss in panic). Panic moves are always possible (around Segwit2x drama, and after that drama) and awaited by me, but i will be not cry when XEM will skyrocket after some good infos, cause i'am prepared for that scenario too. But for now i have inevitable impression (not even from chart analysis but from my gut) that XEM must go to limbo, and after that limbo new Moontime is of course possible and expected.
I find always very funny and entertaining to see such kind of speculations.....
We can kind of predict that a cryptocurrency will do well, will rise according
to the development plans... but beeing able to attach a value is just fantasy
And actually that is the same to predict a full drop to limbo ;-)
Very friendly and with no offence from my side
, but did You noticed that my "predictions" dont even pretend to be a biblical or prophecies made by Nostradamus, they are better to describe as conditional scenarios. If market do one of those scenarios, i will take further steps accordingly to the situation. But i dont write that all this scenarios must happen. They only may happen, and i of course always allow possibility that i can be completly wrong (when we take into account that all this are mainly impressions from my guts, not only from technical and fundamental analysis), cause i am not almighty and omniscient. This is example of conditional scenario in my writings:
" In other words, when Bitcoin is still in bull mode, XEMUSD produce sideways moves with tendency to little fading (around 20cents)" (by the way this happen now, XEMUSD is quoted now between 19-20cents, after BTCUSD try to retake 6000 after some dump activity in this pair).
And i even dont dare to predict in scenarios like this exact value, i'am not writing exactly 20cents, instead i use "around 20 cents". In describing scenario, when XEMUSD can go to limbo after BTCUSD flashcrash (one more time it's condition, not prediction, so better to write in case of BTCUSD flashcrash), i used 3-6 cents area or zone, but i could also use 0-15cents and that of course could be safer from my side. But i think when i create some scenario i have a right to be much more precise, atrough i know that prediction of exact value in exact time is very hard or almost impossible (i say almost, cause in my speculative live in Crypto i found it someway easier then in other markets, and not so impossible).
One last thing. I share these scenarios and my thougths here from good heart. One can take it into consideration, another can laugh or ignore. Cheers;)
edit//
Few words about guts feelings. I feel that BTCUSD prepare one last jump significantly above 6000 (let's say 6700-8400$ wide zone, however 6700 is minimum for me) before Segwit2x activation (or short time after this event). In that case XEMUSD can have volatile moves up and down, but for me closed daily bars are significant and those prices on close i think will stay in sideways/little fading move. So after Bitcoin's sucesful attack we can easily see XEMUSD pricing in range 16-20 cents. And as i wrote earlier, after Segwit2x the most probable (but not guaranteed) scenario is flashcrash @BTCUSD (as described in waves counting here: https://www.tradingview.com/chart/BTCUSD/939kyuiy-Waves-counting-and-future-moves-anticipating/)
and unfolding slaughter @Alts/BTC and Alts/USD pairs. When i look into Weekly chart of BTCUSD and it's parabolic nature, that gives me more confidence, that every deeper pullback in case of BTCUSD is viewed by market as possible end of burst (last time it was that with pullback from 5000 to 3000, i was thinking even that it is end of Bitcoin's burst, but after that i had to change my view and previous waves counting - humanum errare est, insipientis in errore perseverare). And of course i can be in this view completely wrong:). Time and market behaviour will judge this.
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