such volatility in the market today, it's been a rollercoaster day. High was $.055 and just shy of a 500 million market cap, then a big drop down to the $300 mil market cap twice.. before rebounding to $.049 and 440 mil market. Volume has been well above average with over $20 million for going on 2 days now. Wonder where we'll settle.

In another matter, anyone have any suggestions how I should go about doing this?
I haven't logged into nem on my pc in probably 8 or 9 months, and I know the install is way out of date. I moved to a new house and only have 3mbps dsl here, so trying to update the blockchain would be a big no go.
If I fire my wallet up will it prompt me to upgrade or will I have to do it manually beforehand?

what if I use the android wallet? Do I just need the account address and private key and I should be able to see my balance on my phone right?

I'm not sure how to proceed, any advice would be welcome..

Anyone have a brief summary of upcoming NEM developments/breakthroughs (ie: catapult, mijin, etc) and news and what they mean for NEM moving forward?

Trying to do one of my youtube shows on NEM and want to make sure I accurately convey what's coming for NEM.  Thanks.

You wouldn't be able to spend it on anything big as tax agencies will start asking questions how you bought this car or that house.

Would you really mind paying 10k USD if you made a million profit? I know I wouldn't if it means I made a million in profit.

@visaco - thanks for the links

where did you hear that? Could you give the source?

Is the proposed Europe ban similar to this in the UK?
https://cointelegraph.com/news/uk-bans-end-to-end-encryption-mandates-government-authority-over-encrypted-technologies

Seems to me that it would be difficult if not impossible to enforce this legislation iro decentralised cryptocurrencies, there being no 'telecommunications operator'  (or at least, no identifiable telecomm operator) on whom the government can serve a 'technical capability notice'.

Haha, you must be a young esl kiddy ... you're very sensitive

Richlist shows roughly what's going on, large amount of coins in accounts unlikely to be trading.

Hi guys

I have a legal question.
Suppose a standard hypothetical scenario where NEM rises to 1USD in 1-2 years. I will want to withdraw some of my funds lets say 1 mil USD.
Now 1 mil USD will just arrive to my bank account - I would expect the financial police will be suspicious of how I could gain so much money.

Is someone here able to explain how this works in European legislation? Can I just withdraw money and say that I was a lucky NEM holder and everything will be fine?
Will I need to declare this as an asset gain and pay taxes? Or is this tax-free?

Thanks for your input!

Why so defensive?  I have no concern, only investigating reasons why NEM is x10 ARDOR,  when both are quite similar. If you go to market and see apples selling x10 price of oranges, then you look for reason. DASH masternodes locking coins off market is often given as explanation for dash price rise, I'm investigating if something similar is happening with NEM. It's not a criticism, so you can holster that attitude.