jakeeck
Newbie
 Offline
Activity: 14
Merit: 0
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June 19, 2017, 09:31:56 PM |
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Multiple new Nemers contacted me in private asking why I think it is better to buy XEM sooner than later. I have decided to answer them here.
So why NEM is expected to rise with rates much higher than any other crypto in history:
1- NEM community is constantly growing. -- So is every coin.
2- The crypto market is totally different today than any previous day in the past 6 years. The bull market is expected to sustain way much longer than any previous year. -- Again the bull market will benefit every coin, why are you saying it's going to make NEM rise more than any crypto in history?
3- BTC and Ethereum are expected to rise rapidly mainly due to Ethereum based tokens/ICOs, with that the whole crypto market cap is expected to grow rapidly. -- You keep saying the same thing.
3- As BTC and Ethereum continue rising there will be extremely high demand on diversifying assets. XEM will gain the majority of such diversification, the same if not more than what happened during Ripple spikes. -- There's no reason to believe NEM will get more of a share of the diversification than any other coin. In fact, it could be argued they would get less because they aren't announcing anything at all lately.
4- The majority of Ethereum tokens are over priced. Ethereum Tokens/ICOs investors will seek shelter sooner than later when at least 50% of Ethereum tokens starts to drop to their normal value. -- Same as above.. why would they go to NEM over any other coin?
5- On August 1st, a segment of the Bitcoin community will activate the BIP148 UASF. These users and miners will only accept Bitcoin blocks that signal support for Segregated Witness (SegWit), the protocol upgrade proposed by the Bitcoin Core development team. If, at that point, a majority of miners (by hash power) does not signal support for SegWit through BIP148, Bitcoin’s blockchain and currency could split in two: a coin-split. Now, with Bitmain’s hard fork announcement, it seems there could be a third part to the split. As we get closer to 1st of August and as there are lots of unknowns about the future of BTC awaiting us, you should expect BTC to either drops or rises sharply, The market direction by then is totally unknown and unpredictable. For that BTC holders will seek to diversify their BTC holdings or even temporary totally get out of their BTC position. If they decide to fiat, BTC will drop. It is much more likely that they will not fiat and decide to switch to alt diversification, in this case BTC price will spike sharply. Cause alts diversification usually leads to more alts diversification, which is actually the main reason why the whole crypto market is growing rapidly nowadays so expect more of such pattern sooner than later. In this case all alts will gain more market cap where XEM is more likely to gain the majority of which. -- Again there's more argument for NEM getting the exact OPPOSITE of what you're saying. Why is anyone going to pump NEM with this recent stagnation?
6- The closer we are to August with all the above listed concerns and market moves in addition to the release of Catapult, XEM might spike to 10x its current price mainly due to market circumstances. -- Catapult could raise the price, yes, but "due to market circumstances" is very vague.
7- Another scenario to consider: anyone who holds bitcoins at the time of a split will receive coins on both (or all) sides of the chain. In other words, you will get free "Bitmain bitcoins", which you can keep, sell or spend as long as someone is willing to accept them as payment. BTC holders might decide to hold BTC where BTC value might spike sharply over $20k. This might temporary stress ALTs market cap before it too spikes rapidly afterwards. -- Yes, all alts, not just NEM. Again, what is making you think people will want NEM?
8- Rapid NEM technology adaption due to multiple advantages over other cryptos + NEM network fees reduction. -- This is a legit one but it can also be said about tons of other coins that promise advantages.
9- The Japanese market support to NEM will sustain XEM value whenever a crypto bear market starts. -- If they are going to support it, they'd be supporting it now. They're not going to fly in to save the day if things go south.
While there are a lot of unknowns. One thing for sure is that we are heading towards very remarkable days in the history of crypto market.
Why NEM is expected to shine during that period? Cause with Catapult XEM will be stronger than ripple where it is expected to gain more than 50% of ripple market cap or at least grow equally "in the range of 10 to 15 Billion Market cap". By then the top 2 cryptos BTC+Ethereum on top of NEM will be totally unstable though spiking sharply. That will fuel more market cap flow to NEM in addition to the other top 10 cryptos.
Answers in bold. I'm a huge fan of NEM and have a lot invested, but these reasons have almost no logic behind them, save for 1 or 2. |
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nzminer
Legendary
Offline
Activity: 1918
Merit: 1001
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June 19, 2017, 09:58:16 PM |
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Is there any short XEM history/detailed post or maybe some article? I'd like to learn more about this project. I know it was airdropped to this forum members ~3.5 years ago, right?
Anyone? I'd like to learn the history of the project before investing, this is very important for me. There are many here that will fill you in, but yes it was airdropped to many members, some paid nothing for their stakes. It cost me about 15K NXT for mine, which was about $800 at the time. All I can say is that they aimed to create a solid blockchain, there was no hype around it, other than they intended to build a scalable and solid platform. They delivered on that, and thats why NEM is where it is now  |
NEM, THE SECURE, SCALABLE BLOCKCHAIN [NEM.IO] [T.ME/NEMRED]
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NEMergizer
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June 19, 2017, 10:32:25 PM |
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Multiple new Nemers contacted me in private asking why I think it is better to buy XEM sooner than later. I have decided to answer them here.
So why NEM is expected to rise with rates much higher than any other crypto in history:
1- NEM community is constantly growing. -- So is every coin.
2- The crypto market is totally different today than any previous day in the past 6 years. The bull market is expected to sustain way much longer than any previous year. -- Again the bull market will benefit every coin, why are you saying it's going to make NEM rise more than any crypto in history?
3- BTC and Ethereum are expected to rise rapidly mainly due to Ethereum based tokens/ICOs, with that the whole crypto market cap is expected to grow rapidly. -- You keep saying the same thing.
3- As BTC and Ethereum continue rising there will be extremely high demand on diversifying assets. XEM will gain the majority of such diversification, the same if not more than what happened during Ripple spikes. -- There's no reason to believe NEM will get more of a share of the diversification than any other coin. In fact, it could be argued they would get less because they aren't announcing anything at all lately.
4- The majority of Ethereum tokens are over priced. Ethereum Tokens/ICOs investors will seek shelter sooner than later when at least 50% of Ethereum tokens starts to drop to their normal value. -- Same as above.. why would they go to NEM over any other coin?
5- On August 1st, a segment of the Bitcoin community will activate the BIP148 UASF. These users and miners will only accept Bitcoin blocks that signal support for Segregated Witness (SegWit), the protocol upgrade proposed by the Bitcoin Core development team. If, at that point, a majority of miners (by hash power) does not signal support for SegWit through BIP148, Bitcoin’s blockchain and currency could split in two: a coin-split. Now, with Bitmain’s hard fork announcement, it seems there could be a third part to the split. As we get closer to 1st of August and as there are lots of unknowns about the future of BTC awaiting us, you should expect BTC to either drops or rises sharply, The market direction by then is totally unknown and unpredictable. For that BTC holders will seek to diversify their BTC holdings or even temporary totally get out of their BTC position. If they decide to fiat, BTC will drop. It is much more likely that they will not fiat and decide to switch to alt diversification, in this case BTC price will spike sharply. Cause alts diversification usually leads to more alts diversification, which is actually the main reason why the whole crypto market is growing rapidly nowadays so expect more of such pattern sooner than later. In this case all alts will gain more market cap where XEM is more likely to gain the majority of which. -- Again there's more argument for NEM getting the exact OPPOSITE of what you're saying. Why is anyone going to pump NEM with this recent stagnation?
6- The closer we are to August with all the above listed concerns and market moves in addition to the release of Catapult, XEM might spike to 10x its current price mainly due to market circumstances. -- Catapult could raise the price, yes, but "due to market circumstances" is very vague.
7- Another scenario to consider: anyone who holds bitcoins at the time of a split will receive coins on both (or all) sides of the chain. In other words, you will get free "Bitmain bitcoins", which you can keep, sell or spend as long as someone is willing to accept them as payment. BTC holders might decide to hold BTC where BTC value might spike sharply over $20k. This might temporary stress ALTs market cap before it too spikes rapidly afterwards. -- Yes, all alts, not just NEM. Again, what is making you think people will want NEM?
8- Rapid NEM technology adaption due to multiple advantages over other cryptos + NEM network fees reduction. -- This is a legit one but it can also be said about tons of other coins that promise advantages.
9- The Japanese market support to NEM will sustain XEM value whenever a crypto bear market starts. -- If they are going to support it, they'd be supporting it now. They're not going to fly in to save the day if things go south.
While there are a lot of unknowns. One thing for sure is that we are heading towards very remarkable days in the history of crypto market.
Why NEM is expected to shine during that period? Cause with Catapult XEM will be stronger than ripple where it is expected to gain more than 50% of ripple market cap or at least grow equally "in the range of 10 to 15 Billion Market cap". By then the top 2 cryptos BTC+Ethereum on top of NEM will be totally unstable though spiking sharply. That will fuel more market cap flow to NEM in addition to the other top 10 cryptos.
Answers in bold. I'm a huge fan of NEM and have a lot invested, but these reasons have almost no logic behind them, save for 1 or 2. This is my point of view, you do not have to agree on any of these points. Feel free to prove me wrong. See you in August. |
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jakeeck
Newbie
Offline
Activity: 14
Merit: 0
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June 19, 2017, 11:35:28 PM |
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This is my point of view, you do not have to agree on any of these points. Feel free to prove me wrong. See you in August.
Prove what wrong? All you did was tell us this is a bull market. We knew that already. You offered no reason why NEM specifically was going to rise more than other coins. Nobody is saying NEM isn't going to rise, but your reasonings can be applied to literally any altcoin. |
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gentlemand
Legendary
Offline
Activity: 2590
Merit: 3013
Welt Am Draht
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June 19, 2017, 11:40:26 PM |
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What will be, will be. I genuinely thought it would be another few years before it reached the current price level, let alone sit there for a few weeks.
It could easily fly down the toilet. There really isn't much interest in it compared to other coins at present, but I think in the end it's going to accomplish things that nothing else will.
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nzminer
Legendary
Offline
Activity: 1918
Merit: 1001
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June 19, 2017, 11:40:54 PM |
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This is my point of view, you do not have to agree on any of these points. Feel free to prove me wrong. See you in August.
Prove what wrong? All you did was tell us this is a bull market. We knew that already. You offered no reason why NEM specifically was going to rise more than other coins. Nobody is saying NEM isn't going to rise, but your reasonings can be applied to literally any altcoin. NEM has way more fundamentals than all the other shitcoins getting pumped, hence why we are currently in the top 10 and have more room for growth. |
NEM, THE SECURE, SCALABLE BLOCKCHAIN [NEM.IO] [T.ME/NEMRED]
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SeXyBiGGiE1997
Newbie
Offline
Activity: 59
Merit: 0
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June 20, 2017, 12:05:12 AM |
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Being small is not the same thing as having room for growth though.
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Polcrack
Full Member
Offline
Activity: 280
Merit: 100
Just Believe in trusted/transparents Proyects
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June 20, 2017, 12:27:10 AM |
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Im Waiting 1 Xem = 100 $ yeah maybe I must to wait 1/2 years but it's possible you can see Btc / Dash / Eth etc
So HOLD
ONLY heavy hands can become Rich
Regards
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Many people scamer with Icos and shitcoins, Invest with intelligence
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cabron
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June 20, 2017, 02:13:10 AM |
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I can see I still have them on the explorer when searching for it, I just can't see my XEM when loggedin to my wallet. How do I recover them? I have the raw wallet file and private key. All i can see is Account Nothing to show |
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greentea
Legendary
Offline
Activity: 1418
Merit: 1002
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June 20, 2017, 02:14:55 AM |
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I can see I still have them on the explorer when searching for it, I just can't see my XEM when loggedin to my wallet. How do I recover them? I have the raw wallet file and private key. All i can see is Account Nothing to show Make sure you're connected to an online node (green circle not red) in the nanowallet up top ... |
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NEMergizer
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June 20, 2017, 02:56:26 AM |
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This is my point of view, you do not have to agree on any of these points. Feel free to prove me wrong. See you in August.
Prove what wrong? All you did was tell us this is a bull market. We knew that already. You offered no reason why NEM specifically was going to rise more than other coins. Nobody is saying NEM isn't going to rise, but your reasonings can be applied to literally any altcoin. - All alts will significantly reduce fees soon? - All alts awaiting huge upgrade as of catapult in just few weeks? - All alts provide a monster private/side chain solution as of Mijin? - All alts are working with banks and fintech? - All alts have huge dev and community funds support? - All alts are very popular in Asia? - All alts are directly traded to fiat? - All alts provide a platform for Dapps, assets and tokens for ICOs? |
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Tehfiend
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June 20, 2017, 03:02:22 AM |
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This is my point of view, you do not have to agree on any of these points. Feel free to prove me wrong. See you in August.
Prove what wrong? All you did was tell us this is a bull market. We knew that already. You offered no reason why NEM specifically was going to rise more than other coins. Nobody is saying NEM isn't going to rise, but your reasonings can be applied to literally any altcoin. - All alts will significantly reduce fees soon? - All alts awaiting huge upgrade as of catapult in just few weeks? - All alts provide a monster private/side chain solution as of Mijin? - All alts are working with banks and fintech? - All alts have huge dev and community funds support? - All alts are very popular in Asia? - All alts are directly traded to fiat? - All alts provide a platform for Dapps, assets and tokens? Most of my money is on catapult which is what will set NEM apart from all other blockchains. It will be the first enterprise class blockchain platform written from the ground up with a private chain linked to a public chain which will be very easy to develop on. Right now Etherium might have a head start in regards to real world implementations but catapult will set a new bar for "blockchain 3.0" IMO. Add in the lack of inflation that almost all other blockchains have and the current $0.20USD price is a bargain. |
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Tehfiend
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June 20, 2017, 03:17:01 AM |
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 IMO many whales that are accumulating and early adopters that are cashing out have decided on a ~$0.20-0.25 price to buy/sell. Since the last rally, any time the price moves too much above or below this price, it quickly corrects back. That is the price point I decided to cash out 20% of my holdings back when it was below a penny. As soon as the early adopters are finished cashing out I'm guessing there will be another rally because there are no newly minted tokens entering the market from miners with electricity/hardware bills. |
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kauppalahti
Full Member
Offline
Activity: 235
Merit: 110
HAVUJA PERKELE!
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June 20, 2017, 03:30:08 AM |
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Is there any short XEM history/detailed post or maybe some article? I'd like to learn more about this project. I know it was airdropped to this forum members ~3.5 years ago, right?
Anyone? I'd like to learn the history of the project before investing, this is very important for me. Are you looking for something like this? https://medium.com/@xtester/the-new-economy-movement-fb9bb67eb9feAren't you DoYouEvenNEM miscbrah? If so, thanks so much, you're the reason I got into NEM in January. I think that was Taun Sew powered by my avatar... |
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cabron
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June 20, 2017, 03:33:38 AM |
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I can see I still have them on the explorer when searching for it, I just can't see my XEM when loggedin to my wallet. How do I recover them? I have the raw wallet file and private key. All i can see is Account Nothing to show Make sure you're connected to an online node (green circle not red) in the nanowallet up top ... How do I connect to an online node? I tried clicking it and it shows me some text.ninja url, tried to chose one but didn't work. How do I identify which is a live green node for the XEM to show up on my wallet? |
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NEMergizer
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June 20, 2017, 03:37:23 AM |
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IMO many whales that are accumulating and early adopters that are cashing out have decided on a ~$0.20-0.25 price to buy/sell. Since the last rally, any time the price moves too much above or below this price, it quickly corrects back. That is the price point I decided to cash out 20% of my holdings back when it was below a penny. As soon as the early adopters are finished cashing out I'm guessing there will be another rally because there are no newly minted tokens entering the market from miners with electricity/hardware bills. And it is easy to determine when the whales will be done caching out. It is a simple math. SUM the daily trading volume of NEM on just Poloniex in the past 30 days and you will find that the amount of XEM coins traded at the range of ~$0.2 to $0.25 is almost the same volume traded in the previous rally. A NEM rally usually starts soon after the amount of coins bought in the previous rally are totally sold. Which is usually equivalent to 50k -> 80k BTC. We are few days away from the next NEM rally. |
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enhu
Legendary
Offline
Activity: 2492
Merit: 1018
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June 20, 2017, 05:03:44 AM |
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Hey what would happen to my Nem after sending it to Bittrex without unencrypted message? I did send it two hours ago already but hasn't seen it on my account. Does it mean its lost already? Seem like a waste for me, its more than 4k of NEM.
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kauppalahti
Full Member
Offline
Activity: 235
Merit: 110
HAVUJA PERKELE!
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June 20, 2017, 05:11:00 AM |
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Hey what would happen to my Nem after sending it to Bittrex without unencrypted message? I did send it two hours ago already but hasn't seen it on my account. Does it mean its lost already? Seem like a waste for me, its more than 4k of NEM.
You need to contact their support with your address/amount. They will sort it out. |
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enhu
Legendary
Offline
Activity: 2492
Merit: 1018
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June 20, 2017, 05:42:10 AM |
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Hey what would happen to my Nem after sending it to Bittrex without unencrypted message? I did send it two hours ago already but hasn't seen it on my account. Does it mean its lost already? Seem like a waste for me, its more than 4k of NEM.
You need to contact their support with your address/amount. They will sort it out. What have I done. Bittrex support said. This process can take up to 2 weeks and also requires that you have already generated a message/tag/paymentid/memo. This is the first time I send my XEM to bittrex and its a disaster. I was looking at the chart above and saw an opportunity so maybe I could try accumulating too and this is what I got.  |
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btcdiggingmaster
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June 20, 2017, 05:53:38 AM |
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Hey what would happen to my Nem after sending it to Bittrex without unencrypted message? I did send it two hours ago already but hasn't seen it on my account. Does it mean its lost already? Seem like a waste for me, its more than 4k of NEM.
You need to contact their support with your address/amount. They will sort it out. What have I done. Bittrex support said. This process can take up to 2 weeks and also requires that you have already generated a message/tag/paymentid/memo. This is the first time I send my XEM to bittrex and its a disaster. I was looking at the chart above and saw an opportunity so maybe I could try accumulating too and this is what I got. Better to trace them in Explorer may be some time it may be delayed due to block maturity and at the same time contact the Bittrex support because 4000 NEM Coin is not a small amount. Maybe they will resolve your issue. |
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