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Here's a great story where an exchange wanted to build on NEM but received no support from NEM devs or NEM foundation and ended up on ERC20. https://forum.nem.io/t/abacasxchange-project-update/16351?u=futuretechSad! What the hell is going on with this project? Looks like EOS, ADA and TRON caught the NEM + microsoft news and pumped. Amazing. Are the PR people at NEM dead or just brainless? Markets don't give a damn, and also this news wasn't advertised. But I think it's a huge deal, I made a video in which I am speaking about it: https://youtu.be/_gGdKGGWVSY+1 for NEM! |
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Looks like EOS, ADA and TRON caught the NEM + microsoft news and pumped. Amazing. Are the PR people at NEM dead or just brainless? Markets don't give a damn, and also this news wasn't advertised. But I think it's a huge deal, I made a video in which I am speaking about it: https://youtu.be/_gGdKGGWVSY+1 for NEM! |
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This pretty much captures my sentiment as well. Although I really am starting to question if it is a good long term investment. What if the network effect of ETH just becomes overwhelming and just totally dominates the development space and all projects reflexively settle on ETH or maybe EOS without even looking around? No technology will matter then. I can't tell if the NEM people are just that clueless or want to keep the price low and limit their geographical reach for some other reason. Some weird "outside the box" long term strategy we're not privy to? nor who did not promise that it will be easy, remember the price of 0.5 cents we waited only by 2017, and in January 2018 we received a price of $ 2, it was shown to us the hidden potential of the coin!
In Jan 2018 many coins went up due to crazy demand for the cryptos from worldwide. I have invested in this coin for more than a year and still waiting for good returns. I to think it is good project but prices not moving that fast compared to some other coins. I don't sell because I still believe that this coin is a good for long term investment. |
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It look like the ice age for NEM could be behind us, the price seems to be stabilizing.
NEM should be pumping a lot harder actually. TRON is way ahead in market cap which is just fucking crazy. Don't even get me started on the vaporware EOS and Cardano. Sadly this is going to continue until NEM actually sees real world use - that won't be necessary for the other ones because they are only about pump and everyone knows it. Sometimes I wonder how NEM managed to completely avoid the most striking facet of crypto while being the best blockchain around. It is literally invisible and never, ever discussed anywhere. How the hell did NEM blow their PR THAT bad? All they need to do is go and shill a bit in /r/cryptocurrency for a while but they can't be bothered. Mind boggling and very lazy. Nems performance during this pump has been pathetic. Price and volume was better when coincheck started repaying funds vs now, total market cap was way lower than it is now. Hopefully we will see some positive momentum soon. I'm very afraid this will be the same story when Catapult releases. Pure P&D not lasting more than 3 days with no lasting gains. This is the precedent the totally inept Lon Wong has set. Unimaginable how they could take something so great and fuck it up so hard. Glad he is gone at least but still no real signs of life or larger communication. They need the momentum BEFORE the release so it has follow-through. What's your specific proposal here? Shilling on forums isn't a PR strategy. If you search /r/cryptocurrency for "NEM" you will find it is basically never mentioned outside of the Coincheck hack. Here is a good example from a thread where someone was basically begging for info about NEM not too long ago: https://www.reddit.com/r/CryptoCurrency/comments/84uovu/nem/If you read the comments in there it is clear most people that would invest have absolutely no idea what it is about. I don't know exactly how but NEM seems to be invisible in the English-speaking world (that's where the $$ is). So shilling in /r/cryptocurrency wouldn't be a bad place to start. Maybe they need more banner ads, puff pieces on websites which are then promptly linked to in elegant ways in Reddit forums that seem organic. Get more press at Coindesk. Yup. Good ol' fashion PR & shilling. I think Lon was very condescending and arrogant - thought he was "better than that." The problem is we are talking about currencies here and while building use cases is all well and good if the coin itself has little value, is basically unknown and/or is not distributed widely enough then this will undermine adoption down the road. Let's face facts: coins that pump get known, ones that don't remain obscure and no one would buy in even if they had the best tech ever. The other problem is like it or not this is a competition for finite capital and resources which could later be leveraged in expansion. So TRON will get one hell of a war chest and could hire a team of programmers to implement whatever they can dream up and have the budget to market and sell it while NEM will be very limited in what they can make happen (TRON is a bad example but apply the same logic to EOS and Cardano and you get the point). I don't see VC firms talking about throwing $100 million at NEM, but they are at EOS. Basically, NEM being essentially unheard of and unconsidered in the West is killing them and all the other platforms with even half-assed solutions will get adopted and NEM won't for this very reason. That's fair criticism actually. However, as a long-term strategy, shilling on forums really isn't good for the ecosystem or the coin or the community. That's for quick pump and dump coins. NEM has been around the block for a long time, and the long game is more interesting than abrupt price jumps due to these 'tactics'. However, there is a case to be made for being more in the crypto public consciousness in general via announcements and press releases, and perhaps also engaging with journalists like from Coindesk and give them interesting info to write about. I cannot emphasize enough exposure in the West. From reading comments here it is very clear the NEM community is primarily Asian/Indian because English is far from a first language with grammatical issues indicative of the origin. Why NEM is making no big moves in North America is just not understandable to me. Without this they can never compete with the top coins (ETH, EOS, ADA) and this is what it is really all about at this point. Actually, given their limited geographical reach it is amazing they are where they are in market cap. How did the "Chinese Ethereum" NEO do it and why can't NEM? Pumping is important, it attracts attention. Otherwise no one cares unless your use case is so strong and marketing so good it sells itself. I'm not seeing that... yet. |
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They could even airdrop some of the Proximax, Bankera and/or Tutellus tokens when they become available to current NEM holders and announce that well in advance to create some steady buying pressure. That promotes both the larger ecosystem and ownership of NEM. Something, anything would be welcome at this point. The thinking on their end just seems completely frozen.
Many of the people are here from the beginning. They remain calm because they know that's not how NEM works. Constant airdrops are not a guarantee for a steady rise and not P&D. I'm quite happy with the foundation handling the project and the community is growing with a lot more people joining and contributing. Not every coins has to be a overhyped coin for some quick bucks Sure, if I were here "from the beginning" I would be "calm" too because I would be up 1000s of %. But since I'm only here from last year it looks rather fucked up. This is the problem you early people don't understand - there is no appeal of NEM anymore over the other top 50 coins. I'm not talking about quick bucks I'm talking about reasonable efforts to KEEP UP with everything else. They are just asleep at the wheel and going right off the cliff. It is like watching a slow motion train wreck and not being able to do anything to stop it. EOS, Cardano and ETH are going to eat our lunch with this approach. Network effect, hype and pump and critical infrastructure in this sector. Rightly or wrongly it does spur awareness and adoption. Why the hell is NEM so completely invisible in the western world? How was that oversight even allowed to occur? |
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They could even airdrop some of the Proximax, Bankera and/or Tutellus tokens when they become available to current NEM holders and announce that well in advance to create some steady buying pressure. That promotes both the larger ecosystem and ownership of NEM. Something, anything would be welcome at this point. The thinking on their end just seems completely frozen.
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What's your specific proposal here? Shilling on forums isn't a PR strategy.
Don't bother engaging this penis. Ignore and move on. Did I hurt your feelings? Don't much care. |
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It look like the ice age for NEM could be behind us, the price seems to be stabilizing.
NEM should be pumping a lot harder actually. TRON is way ahead in market cap which is just fucking crazy. Don't even get me started on the vaporware EOS and Cardano. Sadly this is going to continue until NEM actually sees real world use - that won't be necessary for the other ones because they are only about pump and everyone knows it. Sometimes I wonder how NEM managed to completely avoid the most striking facet of crypto while being the best blockchain around. It is literally invisible and never, ever discussed anywhere. How the hell did NEM blow their PR THAT bad? All they need to do is go and shill a bit in /r/cryptocurrency for a while but they can't be bothered. Mind boggling and very lazy. Nems performance during this pump has been pathetic. Price and volume was better when coincheck started repaying funds vs now, total market cap was way lower than it is now. Hopefully we will see some positive momentum soon. I'm very afraid this will be the same story when Catapult releases. Pure P&D not lasting more than 3 days with no lasting gains. This is the precedent the totally inept Lon Wong has set. Unimaginable how they could take something so great and fuck it up so hard. Glad he is gone at least but still no real signs of life or larger communication. They need the momentum BEFORE the release so it has follow-through. What's your specific proposal here? Shilling on forums isn't a PR strategy. If you search /r/cryptocurrency for "NEM" you will find it is basically never mentioned outside of the Coincheck hack. Here is a good example from a thread where someone was basically begging for info about NEM not too long ago: https://www.reddit.com/r/CryptoCurrency/comments/84uovu/nem/If you read the comments in there it is clear most people that would invest have absolutely no idea what it is about. I don't know exactly how but NEM seems to be invisible in the English-speaking world (that's where the $$ is). So shilling in /r/cryptocurrency wouldn't be a bad place to start. Maybe they need more banner ads, puff pieces on websites which are then promptly linked to in elegant ways in Reddit forums that seem organic. Get more press at Coindesk. Yup. Good ol' fashion PR & shilling. I think Lon was very condescending and arrogant - thought he was "better than that." The problem is we are talking about currencies here and while building use cases is all well and good if the coin itself has little value, is basically unknown and/or is not distributed widely enough then this will undermine adoption down the road. Let's face facts: coins that pump get known, ones that don't remain obscure and no one would buy in even if they had the best tech ever. The other problem is like it or not this is a competition for finite capital and resources which could later be leveraged in expansion. So TRON will get one hell of a war chest and could hire a team of programmers to implement whatever they can dream up and have the budget to market and sell it while NEM will be very limited in what they can make happen (TRON is a bad example but apply the same logic to EOS and Cardano and you get the point). I don't see VC firms talking about throwing $100 million at NEM, but they are at EOS. Basically, NEM being essentially unheard of and unconsidered in the West is killing them and all the other platforms with even half-assed solutions will get adopted and NEM won't for this very reason. |
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It look like the ice age for NEM could be behind us, the price seems to be stabilizing.
NEM should be pumping a lot harder actually. TRON is way ahead in market cap which is just fucking crazy. Don't even get me started on the vaporware EOS and Cardano. Sadly this is going to continue until NEM actually sees real world use - that won't be necessary for the other ones because they are only about pump and everyone knows it. Sometimes I wonder how NEM managed to completely avoid the most striking facet of crypto while being the best blockchain around. It is literally invisible and never, ever discussed anywhere. How the hell did NEM blow their PR THAT bad? All they need to do is go and shill a bit in /r/cryptocurrency for a while but they can't be bothered. Mind boggling and very lazy. Nems performance during this pump has been pathetic. Price and volume was better when coincheck started repaying funds vs now, total market cap was way lower than it is now. Hopefully we will see some positive momentum soon. I'm very afraid this will be the same story when Catapult releases. Pure P&D not lasting more than 3 days with no lasting gains. This is the precedent the totally inept Lon Wong has set. Unimaginable how they could take something so great and fuck it up so hard. Glad he is gone at least but still no real signs of life or larger communication. They need the momentum BEFORE the release so it has follow-through. |
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Go post this in /r/cryptocurrency you are preaching to the choir here. This is the biggest problem with NEM - a seemingly insulated non-communicative community. Telegram doesn't count - that's not where pumps start. |
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It look like the ice age for NEM could be behind us, the price seems to be stabilizing.
NEM should be pumping a lot harder actually. TRON is way ahead in market cap which is just fucking crazy. Don't even get me started on the vaporware EOS and Cardano. Sadly this is going to continue until NEM actually sees real world use - that won't be necessary for the other ones because they are only about pump and everyone knows it. Sometimes I wonder how NEM managed to completely avoid the most striking facet of crypto while being the best blockchain around. It is literally invisible and never, ever discussed anywhere. How the hell did NEM blow their PR THAT bad? All they need to do is go and shill a bit in /r/cryptocurrency for a while but they can't be bothered. Mind boggling and very lazy. |
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Best time to buy Nem is now
When btc hit 14000 dollars
Nem will hit 2.2 dollars
Will go crAzy
Not if this ratio remains constant. At $15,000 you'll be lucky to see $1. |
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So Lon Wong is taking the long walk, eh? Good! After the completely botched handling of the Coincheck fiasco with the coin tainting it was clear NEM needed better management. I very much hope they get it.
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How the hell is Tron worth more than NEM? Exactly how fucked is this market?
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This coin just cannot catch a break. Everytime the overall marketcap takes a dump, nem sheds more sats. It just can't seem to gain any ground with the market being the way it is. It's pretty disappointing. I know many of the others are losing ground as well, but nem is the only one outside the top 10 and down at #15 now.
Oh, it gets better. Usually, when BTC runs hard XEM takes big ratio hits and even loses fiat value. It's lots of fun. The only "saving grace" right now is that we may be hovering just above what seemed to be a fiat floor previously of around $0.16 - $0.18 so we might not have much further to fall. |
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@Hyjinx - With as much as you rip on NEM, I'm surprised you would own any. You are the biggest FUD troll on the forums.
This project has it's act together. You're just butthurt that you bought at $0.55 and didn't make a quick profit. You should sell out now before it goes to $1.
It isn't FUD it is serious problems with the leadership of this project. I pretty much called XEM correcting hard while you were still sunshine and rainbows. BTW, we're not out of the woods yet if BTC can't break and hold 9K. I'm fully prepared to hold to the bottom and I'll probably double my stack if the price is right. I have the luxury of doing that and not really having to take a loss on anything as long as NEM doesn't fall off the face of the Earth. As I've said NEM is a great project with let's say subpar leadership. Firstly, you've never outlined what your issue with the "leadership" of this project is. Secondly, NEM is a decentralized project. If you don't like the "leadership", make your own proposals and if the community accepts it, it will be adopted. I don't see any proposals from you. It is easy to just blame anything and everything on the team, but what specifically has been your contributions? Can you point me to the pull requests? Thirdly, NEM is part of a market. That market is crypto. The overall market and sentiment will affect its price, no matter how you slice it. If you cannot take this risk with crypto and NEM, maybe this isn't the best investment for you. BTC and NEM can easily fall a further 50%/80% respectively. Can you be fine with it? If not, get out of the market while you can instead of selling at the bottom. I have explained a million times how terrible the decision was to "taint" coins and wallets for both ideological and practical reasons. Those were leadership decisions and they were undoubtedly bad ones. Lon Wong has previously said he doesn't very much care about the price of XEM. That is very arrogant as he uses our funds to develop the platform; probably the basis for him not caring much if he freezes trading for a couple of weeks and breeds bagholders. All-in-all Lon just strikes me as a guy with a superiority complex and no humility whatsoever. I don't even care so much about the lack of marketing and wasn't expecting to make a quick buck but tone-deaf management is just very painful. As for being in crypto I'm fine with all the risks - that's why I'm here. It just always seems like this project is under performing price-wise when way worse shitcoins more-or-less maintain their BTC ratios and move with the market. How is it even possible that EOS and Cardano have larger market caps then NEM? Why is XEM volume so abysmal? For whatever reason there seems to be many more times with XEM that it just doesn't keep up with even normal market movements - usually missing upside and taking it extra hard on the downside. What are all the other shitcoins doing that NEM isn't and can we get some of that going? |
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@Hyjinx - With as much as you rip on NEM, I'm surprised you would own any. You are the biggest FUD troll on the forums.
This project has it's act together. You're just butthurt that you bought at $0.55 and didn't make a quick profit. You should sell out now before it goes to $1.
It isn't FUD it is serious problems with the leadership of this project. I pretty much called XEM correcting hard while you were still sunshine and rainbows. BTW, we're not out of the woods yet if BTC can't break and hold 9K. I'm fully prepared to hold to the bottom and I'll probably double my stack if the price is right. I have the luxury of doing that and not really having to take a loss on anything as long as NEM doesn't fall off the face of the Earth. As I've said NEM is a great project with let's say subpar leadership. |
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MY XEM DEPOSIT TO POLONIEX DOES NOT ARRIVE WHY?
IT IS ON THE CHAIN BUT NOT ON POLONIEX
NEM foundation is working on implementing Catapult behind the scenes. Deposits are "missing" everywhere. Just hang tight, your XEM should be growing in value while you wait for it to magically reappear. Markets have lost their downward momentum, and are in strong growth now. Might see prices waver around a bit, but overall should see a powerful comeback. How the hell is NEM down 7% today when every other coin is green by at least 1-2%? The market is under no obligation to make sense to you. But since you asked - people oversold. People like you joined the FUD bandwagon, but now the wind is out of your sails, the momentum has joined our side, and we shall begin to explore new heights without you. Without me? Haha. I'm bagholding more XEM from $0.55 then you probably have. I'm bagholding because of Lon Wong's exchange FUDing. This project really needs to get it's act together quickly, and not just for my sake. |
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Well at least XEM is leading on something. Out of the Top100 coins they are the furthest down today - 22%!
Get used to it, and welcome to the club  Oh, I joined this club Sept. of 2017. Was in and out of it - missed the bull run because I was mainly in BTC. Thought $0.55 was a fair price given recent history but GOD DAMN! I've already been burned by this thing before but wow. So sad because it probably is one of the best projects in all of crypto but they just cannot catch a sustainable break - like ever. But as I've been explaining here I don't think the management is so hot. |
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Well at least XEM is leading on something. Out of the Top100 coins they are the furthest down today - 22%!
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