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Author Topic: NEM: What is it, and why is it skyrocketing?  (Read 1830 times)
giggidy23 (OP)
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June 28, 2016, 01:27:52 PM
 #1

ELI5?
NEM (XEM) $0.012323 (+65.37% Shocked). http://coinmarketcap.com/currencies/nem/
tmzn32
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June 28, 2016, 03:27:17 PM
 #2

Wondering the same.  Another scam
jjacob
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June 28, 2016, 03:30:55 PM
 #3

ELI5?
NEM (XEM) $0.012323 (+65.37% Shocked). http://coinmarketcap.com/currencies/nem/

The 24 hour change now reads at +96.5%
If something seems too good to be true, it probably isn't.  Tongue


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gentlemand
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June 28, 2016, 03:51:07 PM
 #4

Wondering the same.  Another scam

It's been around for way, way longer than your average piece of shit on here and has been quietly rising for multiple months. I find it very impressive how little is known about it on here. Perhaps because it hasn't followed the trajectory of your average scam coin with thousands of people hyping at every opportunity.

I have absolutely no idea what's happening or why at this moment in time other than whales getting a boner. It's likely to be getting added to a JPY exchange soon which may give it a further boost as all the interesting news about it happens in Asia. Or there might be a genuinely stunning crash.
giggidy23 (OP)
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June 28, 2016, 04:14:32 PM
 #5

Lol, just moved up to the #5 slot here http://coinmarketcap.com/, pushing "The DAO" to #6. Weirdness...
duts_bg
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June 28, 2016, 04:21:32 PM
 #6

 Huh Look here if you can get something useful!
http://nem.io/faq.html
http://blog.nem.io/

SHIFT is a distributed P2P network that incentivizes decentralization for secure content publishing and storage.
spartak_t
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June 28, 2016, 04:23:08 PM
 #7

Back in 28 June 2015, NEM's market cap was about $1.35 million. Today for a moment it passed $130 million...

EDIT: i.e... every $100 invested are now $10,000. Good one, eh? Smiley

From Above
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June 28, 2016, 04:29:15 PM
 #8

The NEM is the New Economy Movement. This movement has been striving hard for real world usage and cooperation. It is doing very well and has been doing since da beginnings.

~CfA~

giggidy23 (OP)
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June 28, 2016, 04:40:00 PM
 #9

Huh Look here if you can get something useful!
http://nem.io/faq.html
http://blog.nem.io/

Thanks.
haendehochueberfall
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June 28, 2016, 04:48:41 PM
 #10

Dumps as fast as it rises. Only a fool buys on alltime-high.
From Above
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June 28, 2016, 04:52:15 PM
 #11

Dumps as fast as it rises. Only a fool buys on alltime-high.

I can agree and say that its better and the best to be the all time high than to buy on the all time high.

U can try this

~CfA~

mnl92
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June 28, 2016, 05:44:28 PM
 #12

Dumps as fast as it rises. Only a fool buys on alltime-high.

I can agree and say that its better and the best to be the all time high than to buy on the all time high.

U can try this

~CfA~


It lost about a third of its value in one and a half hours. That's a massive crash and anyone who bought at the top must be frantic with worry that it won't go any higher. It has a 24 hour (and all time) high of 2798 sats, and it's gone down to 1932 sats as fast as lightning.

https://s32.postimg.org/rrmdfkeyd/nem.png
Arrakeen
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June 28, 2016, 05:46:03 PM
 #13

I thought it was a scam last year, when i sold my 15,000 XEM @ 70 satoshi...

...another lesson learned: always HOLD, you never know where prices could go.  If I held all my coins, I could have sold the XEM I bought and still profited, considering some of the coins I did sell out of have tanked.
gentlemand
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June 28, 2016, 05:48:43 PM
 #14

Wow, a near 1000 sat drop while I wasn't looking. I think that tells you plenty about how realistic this pump is.

Most early birds are taking a multiple year view as am I. This has just started rolling. I hope it doesn't become a plaything of the whales but those volumes say plenty.
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June 28, 2016, 05:52:15 PM
 #15

They are working with Japanese companies and gov. They are doing good work in promoting cryptocurrency. Factom is working with US/Chinese companies and Gov, also doing good work. Impressive.

twitter.com/erikledgers
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June 28, 2016, 05:57:39 PM
 #16

It was a fake pump don't expect for the price increase fast they are attracting people to invest then the yare dump after someone people are buying..
Better to don't invest if the altcoin is not well known''..

Solving blocks can't be solved without my rigs.
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June 28, 2016, 05:58:59 PM
 #17

Award for the goofiest name for an altcoin goes to...
Blazin8888
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June 28, 2016, 06:01:37 PM
 #18

XEM JAPAN: https://www.youtube.com/watch?v=XxjGFwwtBm0         
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June 28, 2016, 06:03:23 PM
 #19

It lost about a third of its value in one and a half hours. That's a massive crash and anyone who bought at the top must be frantic with worry that it won't go any higher. It has a 24 hour (and all time) high of 2798 sats, and it's gone down to 1932 sats as fast as lightning.



Fair chance of a bounce @1900 sat methinks. Failing that, looking @1300 next.
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June 28, 2016, 06:14:47 PM
 #20

NEM is actually a really cool project, one of the first "2.0" concepts. I never got into it, but it's definitely not a scam in my opinion.

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