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

[gentlemand]

Why sudden price jump

Move your eyes approximately inch beyond the top of your post.

[lemonandfriesonetwo]

[irwanjabryg]

This is a strange question. XEM is the inalienable basic mosaic of the NEM system. When catapult will be release this not change XEM's status in system. This is basic 'fuel' of the system for any type transaction.

[bitcircle]

Why sudden price jump

Just enjoy that kind of ride don't be get shocked whenever you see if price spike. This is legit coin and here from long time with strong behind it this is still very cheap. We need a stable floor on more high price and I hope it will happen soon.

[jelin1984]

parabolic

coincheck is the main reason also we are closed to catapult 

[satb]

https://insidetrade.co/nem-analysis-sudden-spike-in-price/

[jelin1984]

https://cointelegraph.com/news/japan-crypto-exchange-coincheck-resumes-nem-trading-almost-10-months-after-major-hack

[lemonandfriesonetwo]

parabolic

coincheck is the main reason also we are closed to catapult 

Explain parabolic

[Bytem3]

Why sudden price jump

Just enjoy that kind of ride don't be get shocked whenever you see if price spike. This is legit coin and here from long time with strong behind it this is still very cheap. We need a stable floor on more high price and I hope it will happen soon.

It's because Coincheck resumed trading:

https://coincodex.com/article/2611/nem-spikes-after-coincheck-reintroduces-trading/

[ormin79]

Typical pump before dump. 6 cents or lower - new dip in this month is matter of high possibility. However this may be flash crash, so it could be not easy to catch. I have renewed strong position @around 10 cents, but i am waiting patienly for even lower prices for longterm accumulation. Without longer period of accumulation no huge uptrend will be in case of XEM possible, only erratic moves without specified direction and noise to provoke impatient specultors to sell lower, what they bought higher.

Newbie account. ok  

Newbie account does not mean, that someone have no knowledge. I am visiting this forum very rare, but i read more often. Please observe this retrace from 12+ cent now to old support/resistance @10cents, and if successful broken dip @8cents will be tested with high possibility to give flash crash to around 6 cents or lower. Bump to 12+cent was caused not by fundamental info, and was only temporary in nature. Of course it is only technical point of view. Technical analysis can be wrong, we are talking in this case about possibilities. One good info with huge market impact, like it was in case of Wechat (of course was fake, but the impact was fantastic) can change any technical expectations and shape of the XEMUSD and XEMBTC chart. I write it one more time. 10 cents (+/-2 cents) was good level for longterm investors/speculators to accumulate, however i'am ready to get more from the table, if technical, temporary flash crash will occur. It should be temporary and should also cause bigger pump up, let say from 6 cents to 20 or more if the market conditions will let that to happen. The main rule in the market of that type is - there is no huge growth of value without accumulation phase and high volatility after that phase on both sides of the market ("bulls and bears" struggle). Cheers;)

[kauppalahti]

When noon?

[ormin79]

Crash in case of oil, after that on crypto, what is next? Stocks, that is simple. Stocks and currencies turmoil after that. Godfather BTC shows now direction. So XEM along with broad market must go south. Sorry for that, but this is life. Good time of hunting for cheap coins. It was pump before expected dump, so now is dump before expected pump. Cryptosphere is simplier then a tool.

So after some try of recovery (from 9 to 10cents) i must sell 75% of coin accumulated @10cents with hope to collect it lower. 6000 in case of BTC broken, so it is logical move. I i'am mistaken i left 25% of coins accumulated @10cents, just to be sure, that i have some XEMs:)

[exer20]

look at the trading volume with growth in 2017 and compare with the volume of the end of 2018, the volume grows means someone buys it.

[ormin79]

And someone sells it. Volume above 10 cents was higher, now is lowering. Most of panic sellers will sell when they will see 30-50% of loss, besides those strong holders.

[operabit]

look at the trading volume with growth in 2017 and compare with the volume of the end of 2018, the volume grows means someone buys it.

Yes, everyone buys again after selling it, but it is only for stock for next year, precisely 2019 because there will definitely be more increases than the previous year.

[ormin79]

Believe me or not, but in 2019 there will be no significant bulltrend on broad cryptomarket (the same in case of stocks markets). Only pumps&dumps (bultraps). You expect new bubble after so short time from the previous one? This expectation can lead to failure. I expect new bubble somwhere in 2021/22, after few years of bleeding. But for sure, if You want accumulate some coins cheap now (like XEM) You must also have plan, what if the holding time will last years, not months. Moneymanagement is in this case powerful strategy. Of course You can buy XEM @ 10 or 5 cent and wait for pump. But i am almost sure, that after 2x, 3x or x5 (from dip) pump up, many of speculators will not sell much XEMs, because they will be e waiting for 2 or 10 dollars, in hope for new buble. As i said, there is fast no hope for new bubble in 2019 nor 2020.

Now i expect in November/December some huge event (some bankruptcy of huge bank or something like that i Eurozone). This can give high volatility, and in cryptosphere too. Unexpected, erratic moves of prices are possible, and awaited by me, only from speculator view, not from longterm investor view.

[tyz]

look at the trading volume with growth in 2017 and compare with the volume of the end of 2018, the volume grows means someone buys it.

Well, if volume grows and price dumps then it means that there are more sellers than buyers. Of course there are buyers which know what is behind NEM and wait for the breakthrough that will come. But there are also bots which buy and sell what drives the volume, too.

[lemonandfriesonetwo]

look at the trading volume with growth in 2017 and compare with the volume of the end of 2018, the volume grows means someone buys it.

Well, if volume grows and but price dumps then it means that there are more sellers than buyers. Of course there are buyers which knows what is behind NEM and wait for the breakthrough that will come. But there are also bots which buy and sell want drives the volume, too.

Pointless talking to those who look at these coins as just another stock market.

They don't see the bigger picture.

[asdlolciterquit]

look at the trading volume with growth in 2017 and compare with the volume of the end of 2018, the volume grows means someone buys it.

Well, if volume grows and but price dumps then it means that there are more sellers than buyers. Of course there are buyers which knows what is behind NEM and wait for the breakthrough that will come. But there are also bots which buy and sell want drives the volume, too.

Pointless talking to those who look at these coins as just another stock market.

They don't see the bigger picture.

can you tell us more about this bigger picture? i really like nem, but sadly i can't see right now good project based on its blockchain. For example, petro, was a delusion..

[lemonandfriesonetwo]

look at the trading volume with growth in 2017 and compare with the volume of the end of 2018, the volume grows means someone buys it.

Well, if volume grows and but price dumps then it means that there are more sellers than buyers. Of course there are buyers which knows what is behind NEM and wait for the breakthrough that will come. But there are also bots which buy and sell want drives the volume, too.

Pointless talking to those who look at these coins as just another stock market.

They don't see the bigger picture.

can you tell us more about this bigger picture? i really like nem, but sadly i can't see right now good project based on its blockchain. For example, petro, was a delusion..

No point, unfortunately.