NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs

[ormin79]

min around 10000 and max around 20000 if my longterm correction expectations (W-X-Y-XX-Z pattern) are correct;D

I think better is to wait to the time of one week before snapshot to estimate exit price in terms of $ and BTC.

If the Bitcoin price remains unmoved that would put the market cap at about 8.6 billion dollars which would put it at number 4 on CMC. A snapshot pump giving a 16x rise and hauling it 21 places upwards in a few weeks or months would be rather outlandish.

Maybe alts in general will go on a run between now and then and a big move will follow most other things but I'd be pretty amazed if it panned out like that. Then again crypto is rarely short of deranged moves.

Oh boy do I have a bridge to sell you.

"dOnT SeLl, HoDl FoReVeR" - meanwhile the same people are dumping coins from their secret accounts in the background.

I dont trade with people that not even understand what was written, and i wrote clearly - XEM must be holded until one week before snapshot (meanwhile observed because of voliatility typical for crypto), after that is the decision to make by holder - he waits for XYM or dumps all XEMs to those who want have XYMs.

I dont see dumping for now, i see healthy corrections, after parabolic waves up and accumulation by smart money. It will be many waves like that in the comming weeks. For now XEM is cheap, it will be less cheaper @10-20cents and risky @ 30-40cents.

[jkoil]

I notice lately that the Nem culture has changed dramatically after the announcement of Symbol.

I don't really understand this obsession with community funds. It's nothing to do with us. How they're spent is down to the small group that controls them and has controlled them since the genesis block. They saw fit to allocate the funds to the foundation. If we'd all been taxed to fund it that would be a different matter. The only bit that is relevant to the little people is how they liquidate them and the effect on the market.

Am sure if a straightforward hard fork type thing were possible they would've done it. It's vastly less ball ache and work. It does seem dangerous to me. It's possible both chains will sink without trace and I don't get how they're going to combat that. NEM itself has always been basically invisible despite everyone's best efforts. Another one doesn't have much to build on.

As for Alex being arsey on Telegram, I probably would be too if the same old passive aggressive clueless fucks kept needling me with the same old irrelevant questions.

Other than that I don't pay attention to many other projects but I hope they don't run along the same lines. The culture that's developed is well and truly fucked up. I'd say Lon Wong is largely responsible for that. He's the one who insisted on it being closed source. He's the one who operated for a long time without telling anyone effectively anything.
...

If meaning makoto nick, then you are probably right. If thinking or remembering the people on the lead of the pack after utopianfuture, not mentioning the names, there were different styles of doing the leading or teaming work.
But makoto did keep his mind     from choosing the logo till silver coins.

[pajak]

So after opt-in we will have same amount of SYM on a different chain and we can keep same amount of XEM on old chain?

Did i get it correctly?

Yes after opt-in you get XYM on new chain in equal amount of XEM on old chan that you had on the date of the snapshot .
You do not loose XEM on old chain. You keep them because there is not coin burning or swapping involved.

Don't make the mistake of thinking you won't lose Xem. Highest probably Xem will lose value because of the 2 chains and Xym will be better (at least that's what they try to make us believe). Just look at other blockchain projects who had a similar development -> it didn't end up well. The smart people will dump a day or two before the snapshot. Only the gullible will be left holding the bag, thinking that they will have gained twice the value. Don't let the Foundation trick you by telling you that they will figure out a way to keep the Xem chain alive.

Any example from the past, except for NXT snapshot?

[ormin79]

Strong correction or volatility ahead but it is nonsense now to sell without knowing when will be snapshot.

edit// yep this is straightforward pump now it should be shortlived, strong correction after top forming awaited, maybe this is pump ahead of publishing of snapshot day:)

edit2// i smell 2 more tops after this @7.5cent (Poloniex) correction, crucial is 10 cents, but Elliot Waves Theory gives also maximum @21.8 cent (i do not dare even hope for that level so fast in this month). Minumum of growth was however touched so it is very risky play now for shorterm speculators. In midterm only one week before snapshot has the meaning as the time of possible final top in longterm XEMUSD correction of wave A (very long wave from around 2$ to 3cents).

edit3// two tops occured @ 7.6 and 7.78 but still is hope for more significant tops, especially around 10cents... however ermanometry says that XEMUSD is in very danger time (means top and significant correction of the whole growth from 2.8-3cents) two days before and two days after 13.02.2020...

[lemonandfriesonetwo]

https://forum.nem.io/t/migration-committee-community-update-11/24376


"we are currently targeting Q2 2020"

Catapult postponed once again.

[Wittmann1987]

Strong correction or volatility ahead but it is nonsense now to sell without knowing when will be snapshot.

edit// yep this is straightforward pump now it should be shortlived, strong correction after top forming awaited, maybe this is pump ahead of publishing of snapshot day:)

edit2// i smell 2 more tops after this @7.5cent (Poloniex) correction, crucial is 10 cents, but Elliot Waves Theory gives also maximum @21.8 cent (i do not dare even hope for that level so fast in this month). Minumum of growth was however touched so it is very risky play now for shorterm speculators. In midterm only one week before snapshot has the meaning as the time of possible final top in longterm XEMUSD correction of wave A (very long wave from around 2$ to 3cents).

edit3// two tops occured @ 7.6 and 7.78 but still is hope for more significant tops, especially around 10cents... however ermanometry says that XEMUSD is in very danger time (means top and significant correction of the whole growth from 2.8-3cents) two days before and two days after 13.02.2020...

Do you keep a Nem? What are your sales goals before the snapshot? If we can reach the goal of 10k sat?

[ormin79]

Do you keep a Nem? What are your sales goals before the snapshot? If we can reach the goal of 10k sat?
[/quote]

Yep hodling is the best approach now.My goal is minimum 30+ cents or 3000sat @ BTC=10000$

Always may be higher but if you manage to buy cheap (now is 0.0666$ but may be lower of course) it should give huge reward ratio even at my targeted level, there is always possibility to sell in chunks. Always remember about money managment/risk (entry only for 1-3% of whole capital in case of asset like XEM is strongly advised!)

7.78cents appear to be meaningful top for a while. If Catapult (and snapshot too) is postponed we may have more time to build more upward waves in the comming weeks/months. Now is time for correction and accumulation. 5+ cents looks for me as good level to buy some more XEMs;)

Whole growth from 2.8/3cents to 7.78(Poloniex) appear to be impulsive in nature (five waves in corrective wave of higher tier A or W) and must be i natural way corrected - how deep, this will judge the market...

I assume that Catapult and snapshot is postponed because of whales wanting to buy cheaper now.

[lemonandfriesonetwo]

I assume that Catapult and snapshot is postponed because of whales wanting to buy cheaper now.

2+ years Catapult has been postponed.

Every quarter Catapult is postponed to the next Quarter.  

I have another bridge to sell you also.  

[nutildah]

I assume that Catapult and snapshot is postponed because of whales wanting to buy cheaper now.

As an original stake holder and someone who has been here for a while, I can tell you: don't assume that. Don't assume the price is "cheaper" now without a reason for NEM to be widely adopted in the future. There's literally hundreds (or thousands) of other coins to speculate upon, rendering the art of speculation nearly useless. That time has passed.

Either NEM will see some sort of actual growth due to an increase in real-world utility or it will continue to flounder.

[ormin79]

There will be no alt season (similar to the whole 2017 year), only few months of pump and huge dump after that. In 2021 near the bottom of global crisis whole cryptomarketcap will do new dip toghether with weak stock markets (US is special case, capital in fear will park there and in dollar, after that in Gold - when this wave of optimism in Wallstreet will end, not in Crypto!).

And i can assume what i want;) Can be wrong or not.

For me whale is speculator (he dont hold only trade, accumulates and sells on pumps based on preinfos buzz, and sells the news) with plenty of cash and strong position in NEM Foundation, not with original stake and bag of any coin, sorry for honesty. My opinion that whale or group of whales is behind this catapult drama base on that suspisions. But that are only suspisions, i never can get proof for that - i'am to small in this game.

Beside that. Parabolic from bottom on XEMUSD chart looks pretty:



Lemon You should not leave that place under bridge, where You sleep at night and exist during the whole day:D

I buy only that, what can multiply my capital. If i will be wrong in case of XEM i only risk 3% of my capital (in case of total shutdown of project, in other case this coins can lay in wallet for years, patience is the key when entry was wrong, but if someone gets all in there is problem for him), there are many other places to do cash and XEM is nothing special for many. I do that only from sentiment to that coin/project (is basically good, but managed tragically). Normally i will not risk even 0.5% of capital in case of projects like that.

[satb]

Lemon You should not leave that place under bridge, where You sleep at night and exist during the whole day:D

LOL! 


I agree with ormin, his tradingview analysis, charts and predictions have been close to accurate in the past. 

Also the recent more than doubling in price of XEM had nothing to do with adoption.

Neither was the ATH in early 2018 to do with adoption, it's a lot to do with moving money from BTC to alts, speculation, and post BTC halving long term after effects.  The ICO boom was a catalyst in the last bull run, as were the free BCH, Segwit and the futures trading starting in December 2017.

Rather than a single coin adoption causing price rises, it's mostly the overall sentiment that has a bigger effect on price.  There were some s***coins that rose to ATHs with hardly any adoption, purely through speculation and FOMO.

[tbct_mt2]

There will be no alt season (similar to the whole 2017 year), only few months of pump and huge dump after that.

Why do we have to care about alt season as crypto investors? Without the alt season, if there are good waves for XEM, and investors are wisely to choose good entry points and determinantly exit at the right high price, they will be able to get profits from the market. It does not make sense if there are alt season within one year but one investor only loses capital from stupid investment decision.

In 2021 near the bottom of global crisis whole cryptomarketcap will do new dip toghether with weak stock markets (US is special case, capital in fear will park there and in dollar, after that in Gold - when this wave of optimism in Wallstreet will end, not in Crypto!).

If there are crisis, it is good for crypto.

[nutildah]

Of course you can assume what you want. Nobody is saying you can't. I'm just trying to give you some helpful advice, but what do I know.

Also the recent more than doubling in price of XEM had nothing to do with adoption.

A doubling puts the price at where it was back in July. Maybe it was oversold before and now its where its supposed to be.

Neither was the ATH in early 2018 to do with adoption

Right, and the difference is I guarantee you investors or traders won't be making that mistake again.

If there is a panic on Wall Street, crypto will be the first to feel the effects as it is the highest risk category of high risk investments. This is due to institutional money now being firmly entangled in the crypto market, even if its just mainly bitcoin.

Mainly, I just see no reason for this coin to continue to rise without any sort of actual, real-world usership. Regardless, good luck to you all.

[Wittmann1987]

The cryptocurrency market, as time has shown, is cyclical and parabolic. I think the market reached its bottom in 2019, now it looks like a market reversal. As for Nem, I believe that it will grow in price, up to the snapshot.

[satb]

If there are crisis, it is good for crypto.

Agree, look at for example with the Cyprus banking crisis to name one example. The banks were "stealing" savers deposits, many luckily moved into BTC which caused a very sharp increase in price, that was not long after I was on the sidelines of going into BTC when it was around $5 or $10 and I thought it was expensive.  Only for the Cyprus banking crisis to send it towards ~$200

[satb]

The cryptocurrency market, as time has shown, is cyclical and parabolic. I think the market reached its bottom in 2019, now it looks like a market reversal. As for Nem, I believe that it will grow in price, up to the snapshot.

The cyclical patterns seem to show generally on the logarithmic chart views that the market shows signs of recovery and start of bull trends a few months before the BTC halving, then post halving there is a long term organic increase in price over many months which then peaks towards the ends as FOMO sets in and everyone from your no-coiner friends to your grandma starts asking you how to buy bitcoin / crypto.  Then the market crashes when there is very high volatility and extreme rapid increases in price in a short period of time, then bear market follows.

History doesn't repeat itself, but often rhymes.

[lemonandfriesonetwo]

No matter how any of you try to word it. NEM IS A FAILURE.

Smells a lot like the ONECOIN scam doesn't it? Closed source code and one group (Foundation) who controls what happens with NEM.

Why not open the source code to NEM?

They promised to open the source code once upon a time, years ago. They have never opened up the source code to NEM.  

[jkoil]

No matter how any of you try to word it. NEM IS A FAILURE.

Smells a lot like the ONECOIN scam doesn't it? Closed source code and one group (Foundation) who controls what happens with NEM.

Why not open the source code to NEM?

They promised to open the source code once upon a time, years ago. They have never opened up the source code to NEM.  

Was NXT fully open?

[satb]

-snip-

I sense you probably hodl ed too long after the Jan 2018 peak and then got impatient during the bear market and sold at the bottom, now you have none left you're FUDing the forum.

[TotalPanda]

Anybody paying attention to the silver coin fund?

https://forum.nem.io/t/silver-coin-project/2827

It is over 200 million NEM!!

I want my money back !!!