Topic: So looks like NEM is going to be the next Billion Dollar Coin (Read 2181 times)

If you really think the coin is going to skyrocket then I don’t see any problem to buy even if you got out at an early stage coin the development of the coin, it is better to get some profits than to get no profits at all.

certainly not late though. how did you get to have XEM back then?

there are coins you don't expect to actually go more than a cent and suddenly burst in days leaving a lot of traders without tockets. inuse to have 250k BASH from translation bounty and just weeks ago i saw it rise up to $0.04. i could have gotten thousands of USD for it.

NEM aka XEM is very good. I hope that more people will buy NEM Nem has increased more than 150 times over a year and now it will continue to prove that it has a strong position in the cryptoworld

So far there's been no real marketing push, very few business partnerships and the major network upgrade is still in the works.

They look to be planning years ahead. There's no real reason why the price won't continue going down for a while so cost averaging for a while may pay dividends eventually.

I used to have NEM in the olden days but had to sell to survive when we had no money or jobs. I probably would have been very rich now and sorted. I am wondering is it way too late to buy a small bag and hold now? 

bruv they're already at 1.786 BILLION!

I'm pleased to see the whole crypto space has done so well, as for NEM, it's done as I expected, overtaken Litecoin. Subsequent research has me believing it will go head to head with Ethereum and Ripple, so I'm only in as much of a hurry to sell as the amount of time left until this bubble will burst. It's still "less undervalued" than it's competitors, so I hold.

While people on these forums were chasing segwit as the holy grail, they missed what was right in front of them.. though I'm sure they still made money. :\

The vast majority of the action is happening in Asia. The English speaking aspect has always been dead in comparison. Despite it being a top 5 coin there's still virtually no mention of it on here which I've always found strange. Most of the chat seems to be happening on Telegram these days.

There's a NEM foundation based in Malaysia and all of the marketing seems to be devoted to Asia so far as well.

The 1000s of TPS things are happening on Mijin which is a private chain based on NEM's code and that's what's being marketed to finance institutions. There'll be an upgrade to the public chain at some point this year supposedly but I'm not sure what the plans are for capacity.

its almost sure as i can see it. xem seem to be going to the moon before this year ean, its funded by investors and the dev team knows what they are doing. more devs will soon be using their codes for their own and this is when we get to see its full potential.

For a coin that is doing 9k BTC in 24h volume, there is awfully little in social networks.
Can't find any activity even in their own forum.

I wasn't following this coin and it just came into focus because of this sudden rise of market cap.

Looking into its blog at https://blog.nem.io/ethereum-versus-nem-the-obvious-choice/ it seems the market is moved by few insiders.
I read "NEM was built from scratch and has been tested by many banks and big corporations."
So that's why there is nothing to be found in github...

They are claiming nex can support thousands of transactions per sec as opposed to ~15 per second for ETH. Is this true?

It seems we have a ripple-type blockchain tech here, and as far as mainstream, closed-source tech is concerned, it may be a winner.

Any one care to enlighten me on this?

Indeed, but as these companies use the blockchain, especially privately run blockchains like Mijin, I'm going to assume they'll have a measure of control over the people using it, and perhaps that will be addressed down the road by some future technology as well. I'll keep my eyes open for what develops. You have indeed given me something to spend the evening researching, though.  If a government is determined enough, can they trace a transaction back to the source even if a person makes a determined effort to make it anonymous? People can use all sorts of means to make things anonymous, from using cash, or buying gold with the cash and using that, or simply barter.  I'd imagine as long as commodities that have value exist, there will always be the problem of tracability.. but purposely having anonymity built into your coin isn't going to make you popular for widespread adoption by those with big money.

I agree with you, Governments and banks do not like untraceable transactions. And I do not think they will ever get mass adopted.

That derailes somewhat away from XEM but.. BTC got that "paper trail" except it's stored on a tamperproof public ledger not paper but that meant nothing in regards of cloaking transactions, maybe for Silk Road purchases. Since people offered exchange services, taking your coins in exchange for fresh new coins, delivered without any connection between them.
Mass adoption can be measured by existance of at least 1, more likely more, XEM mixing services in existance.
That criteria seemingly still fails if applied against LTC

The number of coins doesn't matter that much, since you can subdivide coins into fractions.   There are guys at work who won't do the employee stock purchase thing because the price is too high, they tell me they'll wait for it to split. I try to tell them it doesn't matter what the price is, if it splits there are twice as many shares and nothing changes.. they don't seem to get it... meanwhile the stock price has increased another 33% since then and I'm sitting pretty there as well.  The "price" of a stock doesn't matter any more than the number of coins a crypto has matters.   The market cap matters.. for both the stock and the crypto.. is the crypto worth the market cap? Does the stock have a good price to earnings multiple or good growth rate?   If anything, more coins is good since XEM is trading at 9 10 cents, which is perfect for using round, whole numbers for transactions, rather than smaller fractions, not to mention the transaction confirms in seconds, not minutes, and the fee is currently much lower than bitcoin's, though it's up to a whopping 9 10 cents now for transactions under 20,000 XEM... they might have to update that going forward.

XEM has a fixed supply.  ETH does not. Ripple is an unknown there. Didn't they just issue some?  I hear they're doing something with a lockup agreement to keep the supply in check.

The real question, the million dollar question if you will, if whether all of crypto is in a bubble, and if it is, how low will it go when it bursts? Since I already have the coin and I believe it's "less overvalued" than the other big name coins, I'll hold it for now.

Okay, market capitalization is already $800 000. I think the coin is just pumped hard right now and overtakes the market by quantity, not quality. There is nearly 9 billion coins already! The amount is huge if we compare it with normal alts (ltc, eth). Only XRP has more! Okay, many coins are together worth a lot. And so what? Honestly, I don't think this is enough for a coin to be good.
dissident says there is nice technology behind the coin, though.. All we can do is wait.

Good to see nem doing so well. Hope it makes the 1 billion mark. Sad I sold too early and hoped to get back in but still great to see it doing so well now.

Nem is quite possibly the best technology of any crypto currently in existence (as of this post of course) after spending a few hours researching last night. Catapult will only improve upon it.  Low transaction fees with the ability to handle thousands of transactions per second versus bitcoin's 2-5 transactions per second.   Mijin being developed by Japanese financial institutions as a private blockchain to help with scalability and cost reduction of their businesses. Transparency and tracability in the transactions... like it or not no coin that has anonymous transactions will ever gain mainstream adoption.. you need a paper trail to avoid illegal activities and catch the people doing them.

I'd sell my stake but I see no reason to buy anything else. ETH is overpriced in relative comparison, and XEM is a better coin than DASH, which is a good coin in it's own right.   What other coin is worth perusing? The only ones have market caps which are 4X or more higher (Ripple, ETH) so I'll keep holding XEM... it should be a top 4 market cap coin and I'm gambling it will be long term. As flawed as bitcoin's tech is, I still say it should stay number 1.. it's the gold of cryptos at least in my mind... but I guess the market will decide that.  Gold has a relatively small market cap compared to fiat in today's global market after all.

Ripple, ETH, and XEM.. the market has already priced in the coins which are not shitcoins and here they are. I'm sure there are others with potential though, which is why I'm still digging.  However when the bubble bursts, if it bursts, it won't matter.. they'll all fall by half except XEM which is still undervalued for what it is and headed to a level where it will displace LTC and take the number 4 spot, even if the bubble pops and all coins take a crap and fall by 2/3.   NEM should be number 4 market cap, up there with Ripple and ETH, and it will be, plain and simple (even segwit doesn't compared to NEM's code, it's more of a patch). I say this with confidence but should add a disclaimer that I am retarded and nothing I say means anything, and that you are responsible for your own investment decisions.

As for stakeholders, congrats! You either did your DD or got extremely lucky getting a stake of a coin with great tech.  Wish I'd bothered to do this DD 12-18 months ago, I would have used my own cash to load up more while the getting was good.

OH WOW..Look at the desperate sockpuppet newbie trying to pump his desperate 0.1 BTC bag of XEM on BTCtalk
Just created a newbie account to hype it here.You must be one of those XEM devs right?

You can never be sure. Now even new ICO comes that sells 1% of coin for $10m  and their marketcap on first day  is ONE BILLION.     Best is that nothing they promise actually work.

Already surpassed Dash