Topic: (XEM) NEM Speculation thread - page 3. (Read 14585 times)

certainly i'm highly critical of nem, so many shitcoins, and scams around here only a fool would have blind faith in any of this. some of it has merit though, but also appears to have fizzled from initial hype.

i'd say a further retreat unless some sort of wow comes out of it.

NEM + POI + Deflationary currency + NEM platform = I liking what I am seeing. NEM has to mature quite a bit for prices to rise. Right now could be the time to buy NEM.

NEM upgraded from deaded to slightly deadeded 

I don't know exactly. It was around 50 Satoshis. Take a look at some charts of an exchange to get the exact lowest price.

How low did it go?

Continious slight price increase since weeks. I guess we have seen the absolute bottom of XEM.

This is the initial backed, price is irrelevant. 

It is hard to say.  It has been doing better since China came online. 

I think everybody has been waiting for a "big pump" and one hasn't come.  That is interesting because it would lead us to believe that NEM's distribution was actually so good that no whale accumulated enough to try to play the pump and dump game with XEM.

That leads me to believe that right now XEM is still in price discovery mode (true prices can really only be known at the top of the pump and the bottom of the dump) but seems to be settling down, and that any long term pump, will actually be the real deal caused by increased demand and not somebody manipulating the market to create bag holders. 

The problem with NEM right now, is the platform as a whole is still very young and doesn't really have a lot of great features that would support this increased demand.  What it does, it does better than any other coin I believe, but it is still just a coin and lots of other coins have a huge first mover advantage and the people using them find that they work well enough to not make a switch. 

But NEM is a long game, and while it has a coin "XEM" that is not the point of the platform.  In the future hopefully NEM will have more features added other than just messaging and sending coins, at which point the demand and marketcap will go up, especially if NEM offers services that aren't found elsewhere.  And so far the NEM devs have been very good at building tech with features that haven't and can't be found elsewhere. 

Right now most of these just focus only on security, which is a much needed thing in crypto, but doesn't really do a lot to boost transactions today.  But hopefully some new tech will come along that does boost transaction in the future and that creates a higher real market cap.

Anybody see any possibility of XEM going down 40-30 sats in coming weeks?

Just wondering what our community is speculating on price these days.

yep, that's how it works

It's a normal price development. Smart traders (sharks) sold their NEMstakes at the beginning because they know they can buy more coin much cheaper later. Beginners (call them fishes) have hoped price will go through the top and now they are completely disappointed what you can see from many negative posts here. This decreases the price and gives the sharks the chance to buy cheap and make good profit later. This is the reality about coins which used IPO/ICO.

Conclusion: Don't worry, price will go up again

we'll bounce 1 sat

Andddd...the price of NEM is now 55 sat. When will we see the bottom of this? Stop dumping!

You think it could like the NEMstake?  There was an initial price drop on the AE but then NEM it only ever went up.  Like from 1 NEMstake was 30,000 NXT and then it became almost 100,000 NXT after 8 months.

On the exchanges it could just be the first week(s) of dumping and it'ld build up.  

I think NEM, as well as other coins will not have more great price. Unless it is handled like any shtcoin or controlled as Ripple and Stellar.

The current market appreciates more liquidity, which is good for itself by providing more stability. And for that you must usability/marketing, so the volume will be maintained, otherwise will fall.

At least not until after the medium term.

I would be VERY surprised to see XEM go below 30 sat.

They shoveled 43.3 BTC into getting this below 64 sat, so for 30~40 sat this is a sure thing to grab a ton, or two. Since the CRAVE dump is over and out, I do exspect more dumping amunitions are still on stock. Yes, buy wall at 62 seems most probably to be not high enough.

If you do not like this, simply add another brick on it's top rim.

edit: wall just jumped up +2sat to elude 10% "small fry" sedimenting in front of it. So acknowledged, Wales try to push down and accumulate for a pump.

NEM project took months of work and time. Dumping is expected. The question how long should I wait to buy at the bottom? My prediction is we will see a absolute bottom around 10-20 satoshis. I can wait. Imagine extremely cheap XEM. The long-term value will rise as more features or mobile wallet deployment. Steady as she goes gentlemen. 

It's getting close to the $1MM boundary, has there been any catastrophes, or is it just whales keeping the price down so they can buy more?