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DevelopmentBank (OP)
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March 08, 2018, 03:45:19 AM |
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So given the recent CoinCheck hack, XEM/NEM's price has tanked from a high of 7k++ sats now down to 2.9k sats.
While i believe the hack is clearly to blame for the drop in price, is it absolutely warranted? I mean its not XEM's fault that some exchange had poor security protocols. The XEM blockchain itself is secure, it was CoinCheck's implementation that was incompetent.
2k sats bottom then price reversal? What are your thoughts?
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m.vina
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March 08, 2018, 03:47:32 AM |
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XEM is an awesome blockchain platform. I've seen them very active in the crypto space and actually hold many conferences, meetups, and seminars.
I believe people are just afraid that the hacker will dump all $500M worth of XEM coins into the market. Or probably the hacker has already started the dumping which is why prices are so low. Once this hacking panic is over i am confident the value of XEM will moon again.
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alex-nn
Full Member
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Activity: 462
Merit: 104
In Binance we trust!
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March 08, 2018, 09:36:49 AM |
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Catapult soon - it will be great bull-run for XEM after announcement about this product ready
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kolesozw
Legendary
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Activity: 1316
Merit: 1004
FRX: Ferocious Alpha
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March 08, 2018, 11:33:30 AM |
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I think it will not recover in next months, because hackers will need time to sell the stolen amount. And this will press the price down for at least 1/2 year. Then around the end of 2018 we may expect a full recover and price about 7-10K satoshi.
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janpec1000
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Activity: 179
Merit: 100
Play2Live presale starts on 25th January
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March 08, 2018, 12:21:35 PM |
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I think it will not recover in next months, because hackers will need time to sell the stolen amount. And this will press the price down for at least 1/2 year. Then around the end of 2018 we may expect a full recover and price about 7-10K satoshi.
As I see all hackers wallets was marked by XEM feature. And now all movement on this wallets are clear and transparent. That's why I don't think that it can make some influence on price |
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Tavarez
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March 08, 2018, 12:31:00 PM |
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hacks can happen to any coin or platform but NEM is doing well for the day. Good advice should be to stack up more XEM while it is still cheap, green candle today and with a bit of fortune we can see new ath (around 3-4$ in value). Technology is rather promising.
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toolsmans
Member
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Activity: 252
Merit: 13
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March 08, 2018, 10:28:10 PM |
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SEVEN held a conference on March 8 and the price has already grown by 10% in just one day. I think this is normal and ordinary growth for the coin and development is good and the team is active and with security will solve the problem. Now this coin is undervalued. Frightened by hackers, it happens ...
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jmigdlc99
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March 09, 2018, 05:44:18 AM |
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As I see all hackers wallets was marked by XEM feature. And now all movement on this wallets are clear and transparent. That's why I don't think that it can make some influence on price
This is interesting, can the XEM blockchain do that? Blacklist specific addresses? I mean its great because the no-good hackers get nothing but doesn't it mean that in a way, XEM is centralized (devs can block any address they want)? |
0xacBBa937A57ecE1298B5d350f40C0Eb16eC5fA4B
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FostTheGreat
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March 09, 2018, 06:46:29 AM |
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It's slowly bouncing back, I have high hopes for NEM. It wasn't their fault that they got hacked.. They have so many upcoming announcements this year so let's wait for it to go to the moon!
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Cnut237
Legendary
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Activity: 1904
Merit: 1277
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March 09, 2018, 12:41:45 PM |
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So given the recent CoinCheck hack, XEM/NEM's price has tanked from a high of 7k++ sats now down to 2.9k sats.
While i believe the hack is clearly to blame for the drop in price, is it absolutely warranted? I mean its not XEM's fault that some exchange had poor security protocols. The XEM blockchain itself is secure, it was CoinCheck's implementation that was incompetent.
2k sats bottom then price reversal? What are your thoughts?
No, it isn't warranted at all. The fundamentals haven't changed, and XEM/NEM wasn't at fault for the hack. I have taken advantage of the price drop to buy extra NEM at a bargain price. |
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kolesozw
Legendary
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Activity: 1316
Merit: 1004
FRX: Ferocious Alpha
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March 09, 2018, 06:36:06 PM |
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I think it will not recover in next months, because hackers will need time to sell the stolen amount. And this will press the price down for at least 1/2 year. Then around the end of 2018 we may expect a full recover and price about 7-10K satoshi.
As I see all hackers wallets was marked by XEM feature. And now all movement on this wallets are clear and transparent. That's why I don't think that it can make some influence on price I'm sure that soon or a later somebody will make a XEM mixer and slowly they will clean all coins. Even that all wallets are being marked, the suspicion of regular user is always turned on. |
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gentlemand
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Activity: 2590
Merit: 3013
Welt Am Draht
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March 09, 2018, 07:02:14 PM |
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Traders don't care about who's responsible for a hack. They only care about the effects on the market. We've clearly seen the hacker selling large amounts, throw in the uncertainty about whether you're going to be liable if you unknowingly buy any and it's understandable why people are steering clear. Looks like the bottom has already been and gone. In a few months it'll be history and considering how brazen he's been I'll guess there's a good chance the hacker will be nailed. I'm sure that soon or a later somebody will make a XEM mixer and slowly they will clean all coins.
Doubtful. XEM will never be the prime choice of your average drug dealer. The only way of breaking the link between coins is exchanges. |
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yonton
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March 09, 2018, 07:07:54 PM |
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Traders don't care about who's responsible for a hack. They only care about the effects on the market. We've clearly seen the hacker selling large amounts, throw in the uncertainty about whether you're going to be liable if you unknowingly buy any and it's understandable why people are steering clear. Looks like the bottom has already been and gone. In a few months it'll be history and considering how brazen he's been I'll guess there's a good chance the hacker will be nailed. I'm sure that soon or a later somebody will make a XEM mixer and slowly they will clean all coins.
Doubtful. XEM will never be the prime choice of your average drug dealer. The only way of breaking the link between coins is exchanges. BTCP for drugs! |
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Tiennou74
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March 09, 2018, 09:52:19 PM |
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XEM/NEM might need few more month to reach 1 or 2 dollar but community of NEM growing day by by around the world ! so it might be good investment for the future
Happy Trading
Thanks
Regards
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nuskill
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March 09, 2018, 10:44:18 PM |
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XEM/NEM might need few more month to reach 1 or 2 dollar but community of NEM growing day by by around the world ! so it might be good investment for the future
Happy Trading
Thanks
Regards
if you guys like NEM i advise you deeply to check TOMO-chain. From the nem founder insane low market cap and a scaling blockchain. |
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marks1976
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March 09, 2018, 10:56:18 PM |
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XEM/NEM might need few more month to reach 1 or 2 dollar but community of NEM growing day by by around the world ! so it might be good investment for the future
Happy Trading
Thanks
Regards
As per coincheck will try to re-pay all of the hacked amounts to the users with its company's fund. and then it may give a little hope to the nem or xem. but remember the hacker still keep a lot of amount of nem. It can be dumped anytime soon. XEM/NEM might need few more month to reach 1 or 2 dollar but community of NEM growing day by by around the world ! so it might be good investment for the future
Happy Trading
Thanks
Regards
if you guys like NEM i advise you deeply to check TOMO-chain. From the nem founder insane low market cap and a scaling blockchain. I don't see any special thing from tomo-chain, there is a lot of blockchain with a better scalabiliy than it. That just a common features. |
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