Topic: XEM panic sell or exit scam ? (Read 567 times)

NEM's catapult development is still going on.
it was panic sell rather than exit scam.

A newbie should know that once you entered cryptocurrency, all of the price of the coin may dumped like that. It is called volatility. Since btc's price is spike high, investors or holders of XEM coin seems to sell their XEM to buy some bitcoin. That's how it gonna affect the price of XEM. If you believe on this coin, just keep holding until you reached your target price for profits.

XEM somehow recovers as BTC price goes down.  Altcoins somehow drop in BTC value whenever Bitcoin goes up but their USD value remains.  This is natural occurrence since BTC had a steep uptrend during the post of OP.


Are you a financial advisor?

Do not hurry today and make a decision. Take a look. Again the market goes to the bottom correction. I think it's worth the wait and the price for the XEM will rise too.

But they are looks like a scam because of the price was dragging too much, including their shitcoins DIMCOIN that base on XEM blockchain which very cheap in the market. Maybe the team now has decided to sell that coin and convert to Ethereum or Bitcoin because they saw that the price now was dumping too much.

I don't see anything strange.
All I see is a major drop in price after a major pump.
If you compare it's graph, it matches the rise and falls majority of top 100 coins nicely.

Some advice, I would avoid calling "scam!" so quickly.
Just using the word itself makes you panic, angry, or emotional.
These are all not good for smart trading.

Instead, figure out the reasons behind things using data and analysis.
You will find answers to your questions and reliable information to make a smart trading decision.

Also, on top of all of this, you could just wait it out and see what happens.

XEM is not a scam it's just normal falling price just like other cryptos, maybe they convert it into bitcoin because the price was increasing that's why XEM fall.

I will be on that side to take the opportunity to get a low XEM price because I don't think that it will happen in the future
I am sure that people will buy more XEM at the low price and meanwhile, they have the other amount of XEM that is waiting for the high price.
XEM is getting down just following bitcoin price and so do with the other coins but if bitcoin price starts to increase, then the altcoin will following too.

That’s the power of dumping, it occurs unknowingly without anyone being aware
Similarly, the pumps are also the same manner and also unannounced
It just happens

While because BTC had been grown, all other altscoins fallen. But seems nowdays altcoins has started to grow. NEM has making around +30% for today...

According to XEM it hasn't been scammed because the project still has a number of exchanges that have a large enough volume and the price for now has increased quite dramatically but last year there was a lot of bad news about XEM so in my opinion it was very risky to invest there

I dont think it’s panic sell today it’s price increased more than 40% still it is having upwa D trend . xem / Nem team atleast keep this momentum and should focus more about platform and marketing.

Well, there were great news from the project, the price just responded perfectly and many people today started talking about this project. I am glad that I kept their coins until today and I will keep on!

XEM is a good coin for its traders and community. Altcoins are feeling the heat of bitcoin dominance because a lot of traders want to be part of the gain from bitcoin bullish movement, it's normal to dump altcoins when bitcoin is very aggressive as it has ben performing.

XEM suffering a panic sell-off is probably caused by dumb whale XEM holders. If a very large XEM holder decided to liquidate all his XEM holdings regardless of the poor trading volume and liquidity of the XEM market, it will definitely look bad and others will follow as well. What the whale should have done is slowly sell his coins.

I cannot say which coin is legit or a scam as there have been many instances established coins are going bankrupt and turning into a scam. But in the case of NEM, it must not have been a scam. I think it is suffering a panic-sell off. But it is weird that XEM is suffering a panic-sell off when the market is in the green and all coins are increasing. Lets hope, XEM will correct itself and make a big com-back.

Why are there many ill feelings about XEM/NEM ? At first I saw someone post that XEM laid off staff on twitter due to funding issues. I strongly believe XEM is OK, nothing seriously wrong with it, although there has not been major developments with the project. If XEM is dead, then new projects like sportsfix won't move to XEM blockchain,  hope you understand my argument. Price action has less to do with how well a project is doing these days.

I like what NEM has built, too bad the devs don't really have what it takes or seem to care to properly market their product.

The point makes sense though. And as far as I know about XEM, the situation of falling its value is by no means an indication of exit scam. They have been in this market for so long and I doubt the devs will do this kind of scam. There's more to lose if they are dumping their coins to this price level. So nope, I don't buy the idea that the team is dumping their coins. It is more of the traders or holders trying to buy another altcoin or btc.

Do not rush to ensure that this currency can be a scam because it lowers, we can not give this kind of affirmations, if we do not know the direct information of the project.
 
When the bitcoin goes down in price, all the altcoins fall in price, it is a normal consequence of the market, for the simple fact that all the altcoins follow the bitcoin path, now on the other hand when the bitcoin takes its bullish phase race, this one in the altcoins it usually has the same effect, they may lower in price because the people or operators who have these altcoins usually withdraw them to buy bitcoin, it is a normal play, all holders of any currency can do it and they do it by simple fact that they do not want to miss the bitcoin bullish movement, and they leave it in bitcoin until the bitcoin does a backward movement, at that moment the altcoin goes down much more than the price, which makes it more attractive for the purchase, at that moment the The speculator or the investor of the market must have his analysis done, both to continue in bitcoin or buy the altcoin because he knows that if the bitcoin continues to rise the altcoin will also do so, then he will buy the altcoin in much cheaper than before with the gains he had from the rise of bitcoin, and translates it into more altcoin and if he starts to raise more his profit multiplies, that may be the reason.