Topic: NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs - page 660. (Read 2985436 times)

The wallet gave a notification that an update as available.  How do you go about updating it?

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NEM ‏@NEMofficial

NanoWallet comes out this Friday. Next Friday the Android app will be released, and iOS will follow after that.

Bitcoin qualifies (or attempts to qualify, if you're skeptical) as a money due to its finite supply. But it was not designed to beat gold as a money, it was designed to beat paper as a currency! And that's exactly what we need if we're ever going to escape the historical cycle of gold, gold standard, paper fiat, hyperinflationary collapse, back to gold, rinse and repeat.

With Bitcoin, you can send funds to someone halfway around the world in under ten minutes, with no need for third parties. With government fiat, a wire transfer between banks might take 3-5 business days, minus hefty transaction fees. With all the recent regulatory clamping down on travel, a gold bar may never get there. So while fiat beats gold in this category, Bitcoin beats fiat. The ramifications of this advantage alone could prove to be huge.

Other properties worthy of mention are divisibility and recognizability. Precious metals are certainly divisible, but picking out exact change in coins is kind of a nuisance compared to today's credit system, where a swipe of a card always deals the exact amount. Meanwhile, a Bitcoin transfer holds precision up to 8 decimal places, without hampering the feasibility of the transfer. So in this sense, I'd say Bitcoin is in a tie with fiat and has an edge over metals. Recognizability (resistance to counterfeit) also favors Bitcoin. While there certainly are tests that can be performed to authenticate precious metals, it's impractical to perform this confirmation with every transaction. Government currencies have all those fancy watermarks and whatnot; I don't know how well they resist counterfeiting but at least it's an easy check to perform. But Bitcoin transactions are confirmed multiple times all throughout the network and are therefore impossible to counterfeit. And you can't mix copper or tungsten with a Bitcoin! So while I can't say whether gold beats fiat in this category, Bitcoin certainly does.

I understand why he and many other gold and silver advocates tend to be skeptical of Bitcoin. On the surface, a recent invention seems to bear no resemblance to a commodity that has withstood the test of time, and the current fluctuating price hardly indicates a store of value. But the philosophy behind the invention was a recognition of two things: 1) a sound money must be in finite supply, and 2) the only way to beat fiat is to outperform it as a currency.

buy when prices go down
sell when prices go up

buy in pieces to average down ur invest per coin
sell in pieces to not sell all to early when it keeps raising higher

just some hints if u in this for trading

a trader who buy on rise is doing wrong
same for a trader who sell as falling prices

in case u in NEM for the long run which i strong suggest
its easyer

buy buy buy each month buy what u can afford
afters years of accumulation if things go well
decades of payouts will follow even if u just sell the earned fees and not touch ur base share of total coins

You have a good strategy. Dollar-cost averaging is your friend. http://www.investopedia.com/terms/d/dollarcostaveraging.asp

The developers are clearly a bunch of deranged communists.  

"Who cares about the price", they say.  "They'll get it when it is done", they'll say.  


Is their something wrong with their heads?  NEM marketcap by now could had been $500+ million and they would have funding to do incredible things.  Instead the anti-speculationism thing is holding this project back.

Just ignoring everything XEM has done me a lot of good. By that I mean not trading, not watching the price, not worrying. Just leaving my XEM in my wallet and focusing on other things, thinking long term. Note that I did sell 3/4 of my XEM simply because I was so overweighted on this one crypto. Doing so eased my mind and allowed me to invest in other things. Diversify and don't day trade, is my advice.

Hi,

can you please open a thread at forum.nem.io, that is the place to discuss such a problem.

"They'll get it when it is done" - That´s because they want a good product and not just a p&d for young golddiggers

You want a $500+ million project? Go to Etherum. "incredible things" they do. So much forks they do.. So much wow 

The developers are clearly a bunch of deranged communists.  

"Who cares about the price", they say.  "They'll get it when it is done", they'll say.    


Is their something wrong with their heads?  NEM marketcap by now could had been $500+ million and they would have funding to do incredible things.  Instead the anti-speculationism thing is holding this project back.

Unlike many in this forum, the wisdom of your words is mirrored in your post count.

just close your eyes and buy.
I bought at 1,100sats, 900sats and now buying more at 550sats.
every time the price goes down is an opportunity to buy and im not being sarcastic either.

Which can totally be avoided like other mayor cryptos do

if BTC is worth $ 1,000, what is the price of XEM