Topic: XEM panic sell or exit scam ? (Read 551 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.

XEM/NEM is today one of the most performing altcoin in top 100. Somebody knows what happpened that price skyrocketed?
Maybe they used funds from sold NEMs a year ago very well ?

How are you saying that xem devs are exit scamming, did you see some huge amount of coins being moved to exchange constantly? But I think like most of us this is just due to the people moving from alts to bitcoin to join the ride.

Not long ago, NEM announced the beta launch of Catapult. So don't panic. I think that after the growth of bitcoin will begin the growth of altcoins (as it was before).

I don't think there is any problem with XEM... look at the alt market, almost everything is on a red zone because of the BTC FOMO... everyone is getting their crypto converted to BTC to take advantage of the sudden rise...
Alts will smile again, just be pacient

The market is a volatile one and XEM as part of the crypto market is facing what all other altcoins face during hype, bitcoin is the order of the day with it price steadily on the increase traders are now trading they XEM coin to bitcoin and holding it to make profit from this current market rise. But if you hold your XEM for some time there is possibility that it might recover in the future.

I have been following the XEM market after I saw some persons talking about it being a scam and I have found nothing wrong with it at all. The market is good and is trading with a good volume on exchanges

the whole alt coin market did that pretty much, btc dominance is at around 58% so alot of money has been pouring into btc again. thats wh we see such a parabolic move from btc. once btc slows down again money will from from btc back to the alts.

The dump of a coin is not new; are you new to trading ?
Bitcoin went from 20,000$ to 3,000$ and now 8000$

Learn to pick your spots and trade wise

The truth is that most persons in the market are mainly there for the profit and nothing else, so ones they can find a coin that is experiencing a moon in price, they automatically pull away from coins they already have in their possession and move to that coin experiencing a moon in price, so I don't think there is anything wrong with xem, you will know this once the bull run is over, people will take out profit to coin like xem and other altcoins, since the price haven't been moving forward.

I will not think that the National Examination will do a scam, if NEM is a very stupid thing, so my conclusion is just a panic sell so you don't have to worry,Everything will be alright

I think OP is a newbie trader, currently bitcoin price rising, people sold altcoin to buy bitcoin, so most of the altcoins price don't have big movement, no idea why calling nem is a scam when the price dump, don't worried to much and maybe you can add more NEM to portfolio with cheaper price.

I think that is an artificial price reduction. This is to weed out most of the community. In the future, growth is expected due to the growth of the price of bitcoin.

I don't have a bad view on this one. Probably the price dropped because Bitcoin started to bull and this coin can't hold its price. Today, NEM got a little increase and soon it should be able to recover its price. Just about time as Bitcoin always make altcoins bleed whenever its price increased in a sudden.

XEM is among the long existing coin which manage to be among the top 100 coin in the crypto which I respect the team for doing that. However, when I check the status of the coin now, I believe the trend is good but you need to understand that XEM is not Bitcoin or ETH in terms of profit.

I see nothing catastrophic here. The project works and the team constantly publishes news. Most likely sell those who want to go to Bitcoin or any more promising altcoin at the moment

Xem is a strong project they can't exit scam  that's top 30 coin on coinmarketcap,  it's just a panic sell  from FUD the price had dumped quite a while , and I believe lots of people will sell at loss that's why it dumped so hard from $105+ -$0.05

Nothing is wrong with XEM the sell pressure is not from the team but holders, it is an opportunity to buy cheap XEM.

You need to make a decision to either fix the losses or wait for bitcoin to stop growing and people will start buying altcoins again.

It obvious you are a newbie, project like XEM can't be refer to as scam no matter the fall in price. XEM is currently in 22nd position in CMC, I believed the price drop might be as a result of investors hold it are not selling to buy Bitcoin or some other Altcoins that will be more profitable within a shot period of time. Only upcoming projects such as ICO companies normally end up as scam, even as at that there are still real trust worthy ICO companies.

it seems you are newbie and a project like xem ,you are calling them scam?
lol.you can see bitcoin is back and all the coins are falling and remember its bear season .xem is undervalued gem.

I guess nobody want to miss the bitcoin bull run. But it is really strange as in 2017, i don't remember altcoins being dumped so hard compare to BTC.

Dumping their coins to buy bitcoin I guess because most of the people will get attracted towards bitcoin when the price goes too much bullish.

I'm glad you ask this questions. I see you haven't been in the market for too long that's why you seems to be surprised by this kind of move in the market.

Other's have said that it was due to XEM investors decision to just sell it off for bitcoins. Most of the time smart investors are going to do this sort of things, to cut their losses and follow the market wherein they can at least break even or book some profits. And this is what we are witnessing right now. As the current price of bitcoin is on the upward move again, 10%++ in the last 12 hours or so.

This. Altcoins investors are again selling this stash because they are moving to BTC because it's making another bull run in less than a week. There are no exit scams or panic selling, it's just normal for investors to shift their funds to where they can make a lot of profit instead of sitting their money on altcoin markets.

It's not exempted to the current sell off of altscoins for bitcoin.
They are struggling AFAIK they lacked of funds and that's why they have held election for their officials.

I think that this project has no future at all because for the past year they have not been able to make one update and I think that it is simply not real. investors leave this project

You do not worry. This project has worked and will continue to work. All altcoins have a problem today. The fact is that with the bitcoin jump, everyone started moving assets to get more profit in the short term. This applies to all projects today.  When Bitcoin makes + $ 800 for one day, this is undesirable.

Sorry to say but there has been little or no development in the Xem project...Most bag holders will feel better holding bitcoin at the moment because the hype around Xem is too low to keep traders interest..

As the previous user suggested, the fall in the price of XEM is most likely people selling their XEM to get some BTC as bitcoin has been rising in a spectacular rate.
NEM has came along a long way to become a scam or a pump and dump. I can't guarantee a profit from it's investment but with the achievements they have made recently, they are going to be here for quite a time.

Time will tell if this postulation is true. Ordinarily, I would think that any coin that is dipping at this time that Bitcoin is surging is an indication of a dump. What profit has XEM recorded that anyone hodling it would want to switch it for a Bitcoin or other crypto purchase? I really don't see that route as germaine.

That is what happens with XEM, and I am sure that XEM is not the only one altcoin which already decreases because of the bitcoin price increase. The other coins will have the same thing as XEM and they still trying to survive in the rise of the bitcoin, and I am sure that after this, the altcoin price has the time to increase too.

Whales are just temporarily dumping for btc to get some easy gains.  They will buy back in cheap, don't panic just hold if you haven't sold yet.  Alts always rise after btc does.

It's definitely normal for a coin to lose value, there's nothing shady happening here and you shouldn't worry about coins losing their value, and you should also know devs have the right to buy/sell their own coin depending on the agreement to the investors, usually they need to hold their coins 1 - 2 years before they can even sell it.

XEM is doing perfectly fine and nothing to be worried about it is just traders and investors are more likely attracted to BTC instead of XEM. I think it is because of BTC dominance in the market. In my opinion, they are selling off their XEM for exchange of BTC now since BTC is already rising and wanted to make profits also while the bull run is still on the loose. Well if you are already late selling them for BTC just hold and wait for the next rise of XEM I think?

i can't see anything wrong with XEM because anytime I see this updates talking about XEM, I had to perform some research to know exactly what's going on and I have seen none.

Chances that big bag holders are trying to cash out and bring all their investment to Bitcoin and wait for some big dumped to buy back and hold more, this panic selling will surely shake newbies and weak holders, things that mostly love by big fat whales to happen.

I also think that happen because people sell for bitcoin most altcoins and also happen to some of my altcoins, maybe not so much drop but still enough to think how much will take until i get a profit.

maybe XEM holders move their money from xem to bitcoin now
because now bitcoin is showing up its power my friend
i think not only xem, but a lot of altcoins will down in bitcoin terms when bitcoin price rising

There is nothing wrong with XEM, it's just that traders now prefer to buy BTC or other altcoins because others are more promising profits than XEM coins, so in my opinion there is nothing wrong with XEM coins.

hi guys
can u explain to me why XEM fall from 1500 sat
to 700 - 800 sat is this because of panic sell
or devs are selling tokens and dumping the price
do u expect XEM fall more to 500 - 600 sat ?