Hyjinx
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March 04, 2018, 02:20:42 AM |
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NEM isn't done tanking yet. Don't buy now. I'm under water since last month as well. Thought $0.55 was a fair price but didn't account for the incompetence of Lon Wong. The guy is a disaster.
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smart757
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March 04, 2018, 03:26:35 AM |
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Things are pretty ugly with no signs on the horizon of improving. We've now given up 100% of the gains from Dec and Jan. And going the wrong way fast.
I know we were bitching about how stagnant things were between Aug to Nov, but were generally trending upward in that time. It seems now we're going straight into the shitter with no signs of slowing. That hack was the worst thing to have happened. Who knows if we'll ever see $2 again. If things don't reverse it'll be a long while, if ever. We're losing a ton of market share while tmc is going upward.
When the tmc was 250b we were 2x from where we are now. Now it's 450b and we're below .35 cents.
All the charts are pointing toward the toilet..
Hopefully things change for the better.
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maco144
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March 04, 2018, 03:39:04 AM |
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Posting to subscribe
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kimmy724
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March 04, 2018, 03:56:39 AM |
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On my personal experience with NEM , I was lucky enough to have it at 34 sats. I sold all of them when it did reach 1000 sats because the project was still developing catapult.
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Hyjinx
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March 04, 2018, 04:00:01 AM |
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Things are pretty ugly with no signs on the horizon of improving. We've now given up 100% of the gains from Dec and Jan. And going the wrong way fast.
I know we were bitching about how stagnant things were between Aug to Nov, but were generally trending upward in that time. It seems now we're going straight into the shitter with no signs of slowing. That hack was the worst thing to have happened. Who knows if we'll ever see $2 again. If things don't reverse it'll be a long while, if ever. We're losing a ton of market share while tmc is going upward.
When the tmc was 250b we were 2x from where we are now. Now it's 450b and we're below .35 cents.
All the charts are pointing toward the toilet..
Hopefully things change for the better.
It wasn't the hack that did it - it was this incredibly dumbass idea of tainting coins and wallets. Lon Wong is one stupid, arrogant, callous motherfucker basically. |
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ruletheworld
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Merit: 1045
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March 04, 2018, 04:08:15 AM |
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Things are pretty ugly with no signs on the horizon of improving. We've now given up 100% of the gains from Dec and Jan. And going the wrong way fast.
I know we were bitching about how stagnant things were between Aug to Nov, but were generally trending upward in that time. It seems now we're going straight into the shitter with no signs of slowing. That hack was the worst thing to have happened. Who knows if we'll ever see $2 again. If things don't reverse it'll be a long while, if ever. We're losing a ton of market share while tmc is going upward.
When the tmc was 250b we were 2x from where we are now. Now it's 450b and we're below .35 cents.
All the charts are pointing toward the toilet..
Hopefully things change for the better.
It wasn't the hack that did it - it was this incredibly dumbass idea of tainting coins and wallets. Lon Wong is one stupid, arrogant, callous motherfucker basically. It is hard to know what the cause of the market downturn is. It may be what you're saying, it may be the hack, or just general market weakness, although NEM has fallen much more than other alts and BTC. That being said, there are catalysts like Catapult on the horizon, so something to look forward to. |
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Hyjinx
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March 04, 2018, 04:16:35 AM |
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It is going to take a lot more than Catapult to save this shitcoin when they are so out of step with the rest of the market. Think about it: when BTC goes on its inevitable bull run all alts are going to tank hard - XEM has another down wave coming after this mega dump. When BTC levels off and/or the BTC mania finally spills over into the alts which alts will all the new money go for - the thing that completely shit the bed over the last couple of months or the "strong" coins that have been holding up reasonably well? Which will have a more appealing chart? If XEM misses the next alt mania run it is well and truly fucked.
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smart757
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March 04, 2018, 04:47:58 AM |
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Another observation, i think nem wallets being disabled on most exchanges prevented a truly staggering free fall.
If all wallets had been operational after the hack we'd have probably witnessed the fastest and most complete fall crypto had seen up to this point. I think disabled wallets prevented a mass exodus, and let things bleed out over the last 2 months.
Problem is now, we've got nowhere else to go. We're right at the limit. Seemed to find support at .40 for awhile, but can't sustain any positive movement. I'd expect this latest downturn to go all the way to .28- .29 cents. I hope it doesn't but there's really nothing to keep it proped up at this point.
And thats not even taking into account a overall bear market trend. What if crypto as a whole loses 200b market cap again?
It would be ugly... We'd likely be back in the teens or high single digits.
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Hyjinx
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March 04, 2018, 05:07:25 AM |
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Another observation, i think nem wallets being disabled on most exchanges prevented a truly staggering free fall.
If all wallets had been operational after the hack we'd have probably witnessed the fastest and most complete fall crypto had seen up to this point. I think disabled wallets prevented a mass exodus, and let things bleed out over the last 2 months.
Problem is now, we've got nowhere else to go. We're right at the limit. Seemed to find support at .40 for awhile, but can't sustain any positive movement. I'd expect this latest downturn to go all the way to .28- .29 cents. I hope it doesn't but there's really nothing to keep it proped up at this point.
And thats not even taking into account a overall bear market trend. What if crypto as a whole loses 200b market cap again?
It would be ugly... We'd likely be back in the teens or high single digits.
If BTC revisits 6K XEM would destroy everyone aside from the earliest holders. Right now watching BTC struggle to hold 11K it all seems very possible. The only "hope" is that the "core" holders support the price up to about $0.16-$0.18 which seemed to be a sort of floor in the fall of 2017. I originally bought XEM back in Sept. 2017 for $0.30 and ended up selling it off around $0.22. To me XEM has been completely cursed. It is all a shame because it is one of the best projects in crypto but the management is absolutely incompetent. They could write a book on how to turn gold into shit. Too much Asian influence - low-key, non-communicative with absolutely no sense for selling anything. |
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icosscam
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March 04, 2018, 07:33:59 AM |
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If XEM will not release working Catapult in 2018 price will visit 0.1 cents for sure. There are already better coins right now but Catapult promise that XEM will be the greatest project kind of I start to doubt about it
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ormin79
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March 04, 2018, 07:48:53 AM |
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Hahahahah and final FUD has started as i see from some of the above posts. It will be huge pain in these asses, when XEM after final dump and accumulation in area 10-30cents will build new cykle of bubble, like it did it before. So i am prepared now to accumulate cheap XEMs from this loosers (they have dumped with huge losses and they produce now their FUD on XEM). They will never understand that best time to buy is when the blood is on the street, and sell time is when growth of price is vertical. Please give here now more FUD, the cheaper XEM - the better.
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Hyjinx
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March 04, 2018, 08:14:04 AM |
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Hahahahah and final FUD has started as i see from some of the above posts. It will be huge pain in these asses, when XEM after final dump and accumulation in area 10-30cents will build new cykle of bubble, like it did it before. So i am prepared now to accumulate cheap XEMs from this loosers (they have dumped with huge losses and they produce now their FUD on XEM). They will never understand that best time to buy is when the blood is on the street, and sell time is when growth of price is vertical. Please give here now more FUD, the cheaper XEM - the better.
Oh I'm holding just fine and will even double my stack at the right price. I believe in the project in the long-term but that is no reason to excuse the complete incompetence of Lon Wong. It is miserable that things are where they are with this project; nothing but bad management. There is only "blood on the street" because Lon Wong is an idiot. |
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denetci
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March 04, 2018, 08:18:23 AM |
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I think NEM is super underrated. Their platform is the best at this moment in time for building dApps. They have the fundamentals so it should only be a matter of time until the market recognizes that.
If NEM built projects can get some big outcomes, then that should be what propels XEM back to glory
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ManonLescaut
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Activity: 100
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March 04, 2018, 08:19:41 AM |
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Hahahahah and final FUD has started as i see from some of the above posts. It will be huge pain in these asses, when XEM after final dump and accumulation in area 10-30cents will build new cykle of bubble, like it did it before. So i am prepared now to accumulate cheap XEMs from this loosers (they have dumped with huge losses and they produce now their FUD on XEM). They will never understand that best time to buy is when the blood is on the street, and sell time is when growth of price is vertical. Please give here now more FUD, the cheaper XEM - the better.
You are right. More and more FUD-posts showing up. This is the time starting accumulating more XEM. Always turned out very good for me. Where do you personally see the bottom? 2k Satoshi? |
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ormin79
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March 04, 2018, 08:54:14 AM
Last edit: March 04, 2018, 09:06:16 AM by ormin79 |
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Hahahahah and final FUD has started as i see from some of the above posts. It will be huge pain in these asses, when XEM after final dump and accumulation in area 10-30cents will build new cykle of bubble, like it did it before. So i am prepared now to accumulate cheap XEMs from this loosers (they have dumped with huge losses and they produce now their FUD on XEM). They will never understand that best time to buy is when the blood is on the street, and sell time is when growth of price is vertical. Please give here now more FUD, the cheaper XEM - the better.
You are right. More and more FUD-posts showing up. This is the time starting accumulating more XEM. Always turned out very good for me. Where do you personally see the bottom? 2k Satoshi? Somwhere between 750-1500sat, in that time BTC around 4000-5000 (in negative scenario for BTCUSD). In positive scenario - BTCUSD much more up (14000-17000-20000$ most probable for me 14000$ in that case) - XEM should have bottom in range around 1500sat. In both cases XEM should visit 20cents - in worst even 10cents (depends on exchange of course). |
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pfrtlpfmpf
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March 04, 2018, 08:54:37 AM |
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Lon Wong said himself, we are the best funded project around, with millions laying around for marketing.
So i tend to think, they´re waiting for the right moment, this guy is NOT stupid.
Now would be a bad moment, because the hack-thing will play itself out anyway, and it would be wasted money. Especially without catapult yet.
I´m hopefull, we do a bullrun after that. Bought some more XEM on the shitiest exchange out there, but i´m stuck on Polo. Any news on Polo ?
I want to at least cuddle my XEMs in the meantime.
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NorrisK
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March 04, 2018, 09:07:54 AM |
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Thanks, great read! It's a good thing there are developers and companies around that can look further then this nem bear market we are currently seeing. On a side note, the increasing amount of fud tells me things will turn around sooner rather then later. NEM got dumped to shutters by weak hands, but the strong holders are still there as they have always been. |
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raoulsergia
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March 04, 2018, 09:16:23 AM |
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Quite a few projects are starting to apply nem mosaics, new icos and an exchange is also using nem in its technology.
Its good advancement for the project despite the bad news of the hack which caused many to sell in fear.
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fragout
Legendary
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Activity: 1279
Merit: 1018
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March 04, 2018, 10:34:13 AM |
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Hahahahah and final FUD has started as i see from some of the above posts. It will be huge pain in these asses, when XEM after final dump and accumulation in area 10-30cents will build new cykle of bubble, like it did it before. So i am prepared now to accumulate cheap XEMs from this loosers (they have dumped with huge losses and they produce now their FUD on XEM). They will never understand that best time to buy is when the blood is on the street, and sell time is when growth of price is vertical. Please give here now more FUD, the cheaper XEM - the better.
Oh I'm holding just fine and will even double my stack at the right price. I believe in the project in the long-term but that is no reason to excuse the complete incompetence of Lon Wong. It is miserable that things are where they are with this project; nothing but bad management. There is only "blood on the street" because Lon Wong is an idiot. No one takes a newbie account seriously. Especially since your first 6 posts are NEM / Lon bashing. Your points might very well be valid but why hide behind a sockpuppet account to make them ?? |
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asdlolciterquit
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March 04, 2018, 11:34:45 AM |
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NEM isn't done tanking yet. Don't buy now. I'm under water since last month as well. Thought $0.55 was a fair price but didn't account for the incompetence of Lon Wong. The guy is a disaster.
just to understand better...how do you know this? Can you tell us more about the incompetence of Lon Wong? what right now he's doing so wrong? What price will be a good price to buy? When will the storm be over? |
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