Topic: NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs - page 47. (Read 2984910 times)

why has nem price decreased so much?
I have been looking for somewhere to invest, NEM had been in the list but it keeps going down.

I can see them taking advantage of the 200 million zem after the snapshot. they have new money to fun their project.
Class action lawsuit waiting to happen and another bad rep for nem and sym?

The silver coin fund is a BIG scandal waiting to happen.

I want my money back !!!  

I sense you probably hodl ed too long after the Jan 2018 peak and then got impatient during the bear market and sold at the bottom, now you have none left you're FUDing the forum.

Was NXT fully open?

No matter how any of you try to word it. NEM IS A FAILURE.

Smells a lot like the ONECOIN scam doesn't it? Closed source code and one group (Foundation) who controls what happens with NEM.

Why not open the source code to NEM?

They promised to open the source code once upon a time, years ago. They have never opened up the source code to NEM.  

The cyclical patterns seem to show generally on the logarithmic chart views that the market shows signs of recovery and start of bull trends a few months before the BTC halving, then post halving there is a long term organic increase in price over many months which then peaks towards the ends as FOMO sets in and everyone from your no-coiner friends to your grandma starts asking you how to buy bitcoin / crypto.  Then the market crashes when there is very high volatility and extreme rapid increases in price in a short period of time, then bear market follows.

History doesn't repeat itself, but often rhymes.

Agree, look at for example with the Cyprus banking crisis to name one example. The banks were "stealing" savers deposits, many luckily moved into BTC which caused a very sharp increase in price, that was not long after I was on the sidelines of going into BTC when it was around $5 or $10 and I thought it was expensive.  Only for the Cyprus banking crisis to send it towards ~$200

The cryptocurrency market, as time has shown, is cyclical and parabolic. I think the market reached its bottom in 2019, now it looks like a market reversal. As for Nem, I believe that it will grow in price, up to the snapshot.

Of course you can assume what you want. Nobody is saying you can't. I'm just trying to give you some helpful advice, but what do I know.


A doubling puts the price at where it was back in July. Maybe it was oversold before and now its where its supposed to be.


Right, and the difference is I guarantee you investors or traders won't be making that mistake again.

If there is a panic on Wall Street, crypto will be the first to feel the effects as it is the highest risk category of high risk investments. This is due to institutional money now being firmly entangled in the crypto market, even if its just mainly bitcoin.

Mainly, I just see no reason for this coin to continue to rise without any sort of actual, real-world usership. Regardless, good luck to you all.

Why do we have to care about alt season as crypto investors? Without the alt season, if there are good waves for XEM, and investors are wisely to choose good entry points and determinantly exit at the right high price, they will be able to get profits from the market. It does not make sense if there are alt season within one year but one investor only loses capital from stupid investment decision.
If there are crisis, it is good for crypto.

LOL! 


I agree with ormin, his tradingview analysis, charts and predictions have been close to accurate in the past. 

Also the recent more than doubling in price of XEM had nothing to do with adoption.

Neither was the ATH in early 2018 to do with adoption, it's a lot to do with moving money from BTC to alts, speculation, and post BTC halving long term after effects.  The ICO boom was a catalyst in the last bull run, as were the free BCH, Segwit and the futures trading starting in December 2017.

Rather than a single coin adoption causing price rises, it's mostly the overall sentiment that has a bigger effect on price.  There were some s***coins that rose to ATHs with hardly any adoption, purely through speculation and FOMO.

There will be no alt season (similar to the whole 2017 year), only few months of pump and huge dump after that. In 2021 near the bottom of global crisis whole cryptomarketcap will do new dip toghether with weak stock markets (US is special case, capital in fear will park there and in dollar, after that in Gold - when this wave of optimism in Wallstreet will end, not in Crypto!).

And i can assume what i want;) Can be wrong or not.

For me whale is speculator (he dont hold only trade, accumulates and sells on pumps based on preinfos buzz, and sells the news) with plenty of cash and strong position in NEM Foundation, not with original stake and bag of any coin, sorry for honesty. My opinion that whale or group of whales is behind this catapult drama base on that suspisions. But that are only suspisions, i never can get proof for that - i'am to small in this game.

Beside that. Parabolic from bottom on XEMUSD chart looks pretty:



Lemon You should not leave that place under bridge, where You sleep at night and exist during the whole day:D

I buy only that, what can multiply my capital. If i will be wrong in case of XEM i only risk 3% of my capital (in case of total shutdown of project, in other case this coins can lay in wallet for years, patience is the key when entry was wrong, but if someone gets all in there is problem for him), there are many other places to do cash and XEM is nothing special for many. I do that only from sentiment to that coin/project (is basically good, but managed tragically). Normally i will not risk even 0.5% of capital in case of projects like that.

As an original stake holder and someone who has been here for a while, I can tell you: don't assume that. Don't assume the price is "cheaper" now without a reason for NEM to be widely adopted in the future. There's literally hundreds (or thousands) of other coins to speculate upon, rendering the art of speculation nearly useless. That time has passed.

Either NEM will see some sort of actual growth due to an increase in real-world utility or it will continue to flounder.

2+ years Catapult has been postponed.

Every quarter Catapult is postponed to the next Quarter.  

I have another bridge to sell you also.  

Do you keep a Nem? What are your sales goals before the snapshot? If we can reach the goal of 10k sat?
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Yep hodling is the best approach now.My goal is minimum 30+ cents or 3000sat @ BTC=10000$

Always may be higher but if you manage to buy cheap (now is 0.0666$ but may be lower of course) it should give huge reward ratio even at my targeted level, there is always possibility to sell in chunks. Always remember about money managment/risk (entry only for 1-3% of whole capital in case of asset like XEM is strongly advised!)

7.78cents appear to be meaningful top for a while. If Catapult (and snapshot too) is postponed we may have more time to build more upward waves in the comming weeks/months. Now is time for correction and accumulation. 5+ cents looks for me as good level to buy some more XEMs;)

Whole growth from 2.8/3cents to 7.78(Poloniex) appear to be impulsive in nature (five waves in corrective wave of higher tier A or W) and must be i natural way corrected - how deep, this will judge the market...

I assume that Catapult and snapshot is postponed because of whales wanting to buy cheaper now.

Do you keep a Nem? What are your sales goals before the snapshot? If we can reach the goal of 10k sat?

https://forum.nem.io/t/migration-committee-community-update-11/24376


"we are currently targeting Q2 2020"

Catapult postponed once again.

Strong correction or volatility ahead but it is nonsense now to sell without knowing when will be snapshot.

edit// yep this is straightforward pump now it should be shortlived, strong correction after top forming awaited, maybe this is pump ahead of publishing of snapshot day:)

edit2// i smell 2 more tops after this @7.5cent (Poloniex) correction, crucial is 10 cents, but Elliot Waves Theory gives also maximum @21.8 cent (i do not dare even hope for that level so fast in this month). Minumum of growth was however touched so it is very risky play now for shorterm speculators. In midterm only one week before snapshot has the meaning as the time of possible final top in longterm XEMUSD correction of wave A (very long wave from around 2$ to 3cents).

edit3// two tops occured @ 7.6 and 7.78 but still is hope for more significant tops, especially around 10cents... however ermanometry says that XEMUSD is in very danger time (means top and significant correction of the whole growth from 2.8-3cents) two days before and two days after 13.02.2020...