Topic: NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs - page 86. (Read 2985503 times)

It can go almost forever, as we´ve witnessed with many coins that have gone totally bust. It seems that NEM does not belong in the top 20 or even top 50 anymore. I might buy when the price is back to 200-600 sat, now it´s way overpriced.

Short to medium term there will be drops in this bear market.  This bear market can't go on forever, just like the bull market couldn't go on forever.  Two sides of the same coin.

Prices go up and down all over the place, NEM stays almost the same. Interesting actions I would say.

I'm not sure, if this is correct comparing - a/ NEM has 10 times faster block generation, b/ utilization of BTC blockchain is much, much higher than by NEM. Hopefully this will be change sometime in the future, but now it looks really bad (and we're constantly falling, now at #18 position on CMC).

Bitcoin doesn't even have 1 million and has had multiple problems with forks in its long history. NEM has 2 million and is just fine.

Exactly, every project will not succeed through the hype but through active development will help the project to increase its standard level. As you can see, now there is a lot of competition for the blockchain projects which each of those companies are very serious about their developments.

b-l- -c-k-s- - -

For sure this will be for whoever wants only. But as I understand NEM will have this offer in their wallet as well or PAL Network will have this product in their wallet app?  

This is news about their collaboration:

https://twitter.com/NEMofficial/status/1070535805934944256

This is most likely on a per user basis, whoever wants to insure their crypto can go ahead and use PAL. It's like buying insurance for your car, not everyone will do it but it is recommended.

What news here about insure NEM wallet with PAL insurance product? They announced partnership with PAL Network few month ago as I know, and now PAL Launched mainnet (around few weeks ago) and few products already. When NEM will insure funds with PAL? 

I downloaded nano wallet and is working fine. I have used this kind of wallet in past but before downloading it I had impression of downloading whole chain and syncing will make issue. That is not the case and now not only my Nem based tokens but also Nem itself can be stored and accessed from anywhere. This is great wallet and I appreciate for sharing it.

All I can say for myself is that I use certain cryptocurrencies in order to increase the amount I have of other cryptocurrencies. The ones I play the shorting game with are very obvious scams or most likely will not make the cut because of whatever "x" reason. In that sense, I am helping other coins by reinvesting profits from one coin to another coin which I see as having a future anchored in reality.


This is a good way of thinking, this point of view is good for mental health.

NEM officially joins Binance Info
 



https://medium.com/nemofficial/nem-officially-joins-binance-info-21e8f7ed4cc5

I think it was a mixture of greed and belief in the tech and future long term outlook of NEM.  There was a lot of shilling/pumping in the forums, social media, telegram etc, some people thought it would go to $5, $10 etc and some people got caught in the hype (while the shillers probably quietly sold).  Some people may not have had an exit position (or did, but decided to not stick to it (which is gambling)).  Either way, it's a lesson learned, and was the right decision at the time based on the knowledge at the time, so there shouldn't be regret as no one can easily predict the top or bottom.   In the next bull run they won't make the same decisions again hopefully.

In the meantime for anyone who regrets not selling, this is a good read:

https://www.reddit.com/r/CryptoCurrency/comments/7rvkua/how_i_handle_crypto_regret/

Particularly this part:

"2. I can only compare myself to the other me who didn't get into cryptos at all. That's your baseline to compare to. There really is no other baseline. It's damaging and outright delusional to compare yourself to the "perfect you" that always bought at the exact bottom and sold at the exact top. That you does not exist. It's a damaging fantasy that always leads to you beating yourself up about not making the most optimal decision at each and every turn. Cryptos can quickly lose its fun if you think along those lines".

We can do small things to help the progress or the "hype" / trend. We are the time

I guess you do not believe that all the cryptocurrencies have equal chances in the future.
Will you bet for or against some cryptocurrencies ?

Let's call it a mixture of both for many of us. While it would have been nice to have a life completely funded with fiat by now; further analysis of trends, global markets, government & corporate policy, etc points to a stagnation of fiat in the future. And no I will not post any resources, some of us have done independent research going for almost 10+ years since the last global recession. If predictions are correct (many of which have become correct over the past years), the future points towards cryptocurrency and blockchain adoption at a level not seen before. Traditional institutions are being forced to start adopting this new tech in order to battle corruption, one example.

Yes, many have enjoyed the current status of fiat by cashing out from crypto. But the future is not in paper money, it's in unique digital identifiers that cannot be replicated unless there is an agreeing consensus in the blockchain used.

Also don't forget in a future world with 5G connectivity, blockchain technology is very much needed for 5G to work as intended.

Don't get desperate, just let time decide if cryptocurrencies and blockchain will have a future.

I wish I agreed with your assessment. I think many people did not sell because of greed, not belief in the tech. I know that some of my bags were not sold because of it. I hope I get the chance to rectify my mistake.

Also, can no one in this group share any good resource on Nem?

Goes to tell you how much many of us value the general fundamentals and tech behind crypto currency. Many could have been millionaires, yet they held on. They know where the future is. Patience, strong mentals, little sacrifices and some luck is needed in this space.

I can tell you I needed the money too for things like car repair, for example (among other things). Shit happens all the time. I just worked harder and longer hours. Looking back now, I don't really know why I wasn't selling even after I crossed well into millions.  It turned out to be pure luck though, as just as I started selling, everything crashed within a month after that. I was just lucky to pick the right time -- it was not some genius plan.

I sold all the nxt too but still have all the ardor.  Haven't sold any, even though at their peak they were over $1.5 I think

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