Bitcoin Forum

this is confirmed informations about the XEM scam
In binance more then 1000BTC worth of XEM dumped and more then 100BTC dumped on polo
 XEM team start dumping the supply and scam peoples for millions of dollars exit from XEM shit before it fall more
XEM fall from 1400 satoshi to 1100 satoshi in less then 24 hours i think XEM will fall to 500 satoshi or less in the few next days

It is your first post on this forum, and with such incredible accusation.
Nobody will believe in such information if you do not provide the source.
If there was a price drop, it could have been created by whales or even a hacker.
How do you know that this is an inside job or even exit scam?

Very interestings de NEM teams be scams only nowsies after fiveses years of hardy workings nopey nope?

It will go crashing. Same happened with waves, they announced their airdrop and while people were buying waves, they were actually dumping it, so it was a good dump that it kept its price a bit stable. So most of the projects do that.

I don't have XEM but this is the kind of scenario that could happen to any coin in the market or well established coin, people are losing confidence because of the dump but I wonder how did OP knows or discovered that, the team is behind all this and not just the works of the whales.

yes true a agree the team is behind this dump

This is FUDS, in my opinion, you should show us proof that indeed they are the one behind the dump and what could be the cause of this dump do you have insider knowledge about this, can you show us links or articles that can prove, it could happen to stable coins.

Dropping or falling from 1400 satoshi to 1100 satoshi is not a dump at all dude

Never forget bitcoin dumped from 20,000$ to 3500$
Don’t spread fud, it’s not fair

Keep learning daily

Unless you show us proof this accusations of yours will treat just like a fud inside the forum, no concrete evidence just looking from the exchange, if that's the only basis every coins around would be tag as scam, looking from the market situations where everything is down, we can't single out XEM, you need to provide the community your good evidence and source of your claims.

It's just FUD, nothing more. Every single mass media scream aloud that NEM has fired all employees, NEM is a scam. It's not even close to the real situation. First of all NEM is not a NEM Foundation. Plus they've just rearranged the structure, made it more compact and product oriented.

It's their own coin, im talking about the team coins not the entire supply, what's the point of holding their own coin if they can't spend it, they shouldn't have it on the first place if they can't spend it, all projects hold a percentage of the supply then vest it for a certain time then after that they can do whatever they wan't to their coin.

For anyone interested in non moron analysis this is a good summary - https://www.youtube.com/watch?v=ehAfHQoFLWg

This news might be false if XEm are scamming people, as per my thinking, it is just only a FUD. Better to avoid this one and sell your XEM immediately.

I dont believe on this accusation as there are so many whales and they can do that also and not the team.
How can XEM do that on exit if they are very active in the different country and continue to develop their platform and making new projects?
IF you know CEZA you will surely tell me that they are really working hard.

Seems your just new here or maybe a person who'd like to tell fud about XEM.  First of all you are just doing accusation, you don't even have a piece of evidence like a screenshot. So how can we believe you?

I generally think that this project will die in the next year or two. so I think it was necessary to sell XEM in December when they promised to launch a catapult

I do not believe such stories, simply because I believe that the XEM (NEM) project is really very cool and according to their promises they are ready to implement a very high-speed system for the transfer of funds. Therefore, it seems to me that all this will be very important.

Where is your fact man? You are new to this forum with your first forum post without a real proof to what you just said.

the impression is that many users of cryptocurrency register new accounts in order to spread the necessary information or information to bitcointalk which should provoke negative consequences for certain projects. Today, such black PR is very common.

A year ago it was trading at $1.9 and now $0.041278 , thats impressive.
19666 to 3482 is -82%
1.9 to $0.041278 is -97.82

Of course op is spreading unnecessary fud but you can't deny that NEM is in very bad shape and it might not be advisable to hold on to those coins.

Hmm. Bit late now.

The NEM Foundation, which is engaged in the promotion of the NEM cryptocurrency, really reported a difficult financial situation, plans for staff reduction and restructuring. But to blame the developers without providing any evidence is also wrong. The project is still in the top-20 cryptocurrencies by capitalization and it has all the chances to improve its situation.

It is not just the team dumping, it is everyone. They announced that they are running out of funds so now everyone is getting scared. This coin will fall, one of the casualties of the bear market. It can't compete with NEO, EOS or Cardano anyway so it was inevitable

Great logic. After several years of hardworking make a scam.  >:( I think that you should provide any proves, I don't believe you, it's very stupid to do this now. They had many chances to do it earlier but it's still working. Also I know that now they have problems with funds.

And then they are out of funds to running the development. After the latest announcement by NEM itself if they have already cut off a lot of workers due to the out of funds and i can take a conclusion if this is another crap. It's not dumped the developers but NEM lost a lot of trust from investors

sad to head such news and its hard to believe.
As i see on twitter nem team is still alive....
But still there are to many alts and its time for some alts to die !


regards

Do make at least a fleeting attempt to fact check. It may make your life better.

NEM core developer - https://twitter.com/Jaguar0625/status/1090962431868915712 - who also seems to think the foundation was largely made up of pricks before its regime change.

https://i.imgur.com/d7SXBlK.jpg?1

NEM Foundation FUD - What is Happening?

https://www.youtube.com/watch?v=ehAfHQoFLWg&feature=youtu.be

This is one of the fud scenarios, team announces difficulty and it's easily picked by fud spreaders before you know it, everyone is dumping his/her tokens. People mostly react to negative news than to positive news.

Don't agree, most likely this was a weak hands, selling on panic. XEM is on of the old one projects in crypto and they already survived on previously dumps.

Well, who knows what can be going on behind the curtains of this cryptocurrency. I believe that with cryptocurrency marketplace, anything can be possible and yes a big dump can also be orchestrated with the very people behind the project. However, because this is just a mere accusation so there is nothing we can do and conclude than just making some doubts on our heads. Unless there can be a substantial investigation to be made, then we could not do anything but just watch, relax and wait for their next moves. I do not have any NEM coin but I understand that this platform is one of the few which have good reputation and may not be allowing their name to be smeared badly. We should also take note that all coins and tokens are getting RED these days and that things can be looking bad even more in the coming days. In the beginning quarter of 2019, things are not looking rosy for this industry.

the team selling their premined shitcoin bags is not when the scam happens. them selling is only the time when everyone opens their eyes and see the reality. the real scam happens when you willingly buy that premined centralized shitcoin on your own without anybody forcing you to and then you decide to bag hold it while ignoring all the risks and all the warnings that others give you about that shitcoin!

this is happening every day in the altcoin market with a lot of altcoins, specially the top 10 altcoins but nobody listens until they get dumped on and see the reality.

Do you have a proof about that? Do u know what the meaning of "SCAM"? Don't give us your FUD just because your bad experience.

Why are you shouting "Scam"? I think this term is not applicable at all. He moved to the world of crypto about 2 years ago, when many HYIPers tried to enter the cryptoindustry. Scam in the HYIP is when the project stops paying investors.
In the case of the NEM Foundation, the situation is different - the management is not efficient. As a result, certain difficulties have arisen, which I hope will be overcome.

Could you give us the source? I invested in NEM in early 2017 and I believed a lot in this project.
I think that this exit scam is caused by bear market because they started to be unprofitable :(.

I do not think that this is really honest information. On the contrary, this type of activity draws great attention to the field of cryptocurrency, especially to the NEM project, which as a whole looks very good.

You need to show up some proof though.

Are you sure that it's the XEM them doing the dumping and not just whales? And the last time I checked the price is CMC,

https://coinmarketcap.com/currencies/nem/

NEM (XEM)
$0.040860 USD (2.68%)
0.00001175 BTC (1.55%)

They are still in the positive, or I'm missing something here?

from 1400 to 1100 is about 20% drop. i haven't really bothered to check the updated price since i don't own any XEM but if that is all the drop that it had then it is not a real "dump" it is a small one. a big dump would bring the price down to 500-100 satoshi

I cannot just imagine this, you created an account just yesterday, which is the first day in the month of February, to come and spread FUD.
If a coin drops in price of 1400 sat to 1100 sat, is that an indication that it is scam. So all yiou want for yourself is for it dump to lower.
XEM in my opinion is a good coin and there is nothing wrong with it.

hmmm I'm very interested in this but I can't believe it because you only talk without giving credible evidence.
if this is true, it will be a bad news for cryptocurrency and the price will be crashed again.

Xem is a project that seems to me very worthy. I heard that the project is really on the verge of bankruptcy. I think that today there are hopes for an improvement in the situation on average. I think that there is a need for platform support.

The money is there to fullfil the new leadership's new plan to address the utter hopelessness of the previous foundation. It's up to the users to vote to decide whether they should get it.

I don't think anyone's interested in actual facts or details. They can't get beyond the first two lines of a (wrong) headline these days.

That was planned action I think. The news of XEM scam were fake. We are back on the track. So now is the BEST time to BUY Nem. And that's exactly what I'm doing. Soon catapult will be launched and the coin will definitely skyrocket especially after such a dump...Stay tuned))

Go and see the coinmarketcap,the prices are moving green so it means the news from OP is fake
But I don't think XEM team will ext scam for such a small amount.

This is just a panic in the market due to news misinformation, people do not read news from official sources and believe in fakes

Well, what are these scammers? XEM Long been on the market! and if they were a scamm, we would all know about it long ago.

Was this news confirmed? I have heard that they have a real problem with bankruptcy and if they don´t get money the whole coin will die. Maybe they only want to keep it alive.

XEM is one of the old alts in market and if team want to dump thier coin it is imposible to do itvin this low price. I am asking how do you know it is the team dump it. Maybe traders sell xem to buy another coin or maybe stop lose of so many traders activated that result in huge sell. Do you have prove of what you stated.

Who confirmed it, where is the evidence? Instead of shouting that the NEM project team scammers would be better to have studied all the available information in more detail!!!

It is unlikely that it will be a fraud because so much effort has been invested in this project. Just going through hard times.

The NEM fundation is not the whole coin.

Maybe reading this will give you a better idea:
https://nemventures.io/nem-ecosystem-explained/ (https://nemventures.io/nem-ecosystem-explained/)

https://forum.nem.io/uploads/default/original/2X/e/e006c6ccbdc52ae19b8b45bd398474571f4e04ee.jpeg

I never found confirmation of your words, most likely you lie. The only thing I've heard is that the NEM project is close to bankruptcy.

the OP talk confirmed, without any proof and just words show up from the OP
because if this true, i think a mainstream crypto media will talk about this buddy

I don’t think that XEM is a scam. I also think that those who bought XEM expensively didn’t buy it from the XEM team, but from other people on the exchange. I think that in the future XEM has a chance to grow several times.

That's indeed consider this one as the major platform too. That makes sense to say that this can be a great news if there will be a lot of accusation to the nem foundation but recently I just found if this company tried to restructured it again consider it out of funds.

Are you trying to get XEM at a cheap price? Grow up man, this is not the way crypto works. You are hiding by creating a new ID for posting this shit? Grow up man, and from 1400 to 1100 is not actually that dumped especially in this bear market.

I also think that nem has already played its part in the market and it is not necessary to invest in this coin , this coin is very confirmed by the Scam , and once laid its reliable on it...

Ethereum classic had a few double spends - there wasn't any dump about it. ZCash had a vulnerability that allowed to create infinite amount of coins and it wasn't dumped to zero as well. NEM is a good project without significant vulnerabilities, but the fair statement of the founders and some difficult decisions have led to dump. What's wrong with the market?!

I do not think that they are fraudsters and you need to sell all the coins ... I believe in them and if they cope with all the problems, then the price for them will increase significantly. Therefore, I will buy more of their coins.