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

[freigeist]

You think that somehow the price action of XEM is tied to that of XRP and XLM ?
I mean a week ago the 3 coins were dumped as hell that it was so painful to watch!

Now XRP is stagnating due to the legal issued that it has and the exchanges that are taking it out
but the XLM is going crazy due to the latest news and XRP downfall!

You think this price action on XLM influenced that on XEM?

[mishax1]

Just a thought: wouldn't it be "smarter" to make the snapshot before the Symbol launch in order to not to deal with two major events on the same day ?

[ormin79]

You think that somehow the price action of XEM is tied to that of XRP and XLM ?
I mean a week ago the 3 coins were dumped as hell that it was so painful to watch!

Now XRP is stagnating due to the legal issued that it has and the exchanges that are taking it out
but the XLM is going crazy due to the latest news and XRP downfall!

You think this price action on XLM influenced that on XEM?

Those three coins were always in the same basket of whales. XLM pumps almost always before XEM or much spectacular than XEM. But XEM has also his own life and cycle propelled now only by pure speculation how high XYM will be sold for the newbies on cryptoscene

Just a thought: wouldn't it be "smarter" to make the snapshot before the Symbol launch in order to not to deal with two major events on the same day ?

it will be for sure much riskier for those who wants sell quickly with profit and move on to the other "train".

[mishax1]

Just a thought: wouldn't it be "smarter" to make the snapshot before the Symbol launch in order to not to deal with two major events on the same day ?

it will be for sure much riskier for those who wants sell quickly with profit and move on to the other "train".

How ?  And since when anyone cares about those who want to sell ?

[ormin79]

Just a thought: wouldn't it be "smarter" to make the snapshot before the Symbol launch in order to not to deal with two major events on the same day ?

it will be for sure much riskier for those who wants sell quickly with profit and move on to the other "train".

How ?  And since when anyone cares about those who want to sell ?

i dont care (only for me), but those who wants to sell with spectacular profit care, with natural expectation that they will not wait one month for the opening of XYMs trade, so risk in that case can be huge (bubble bursting in crypto like it was in January 2018 can be a catastrophy for speculators)

poll results shows that majority for now will not want to take much risk on his backs

https://explorer.nemtool.com/#/poll?id=5fee0e206a966b753880834e

[mishax1]

Just a thought: wouldn't it be "smarter" to make the snapshot before the Symbol launch in order to not to deal with two major events on the same day ?

it will be for sure much riskier for those who wants sell quickly with profit and move on to the other "train".

How ?  And since when anyone cares about those who want to sell ?

i dont care (only for me), but those who wants to sell with spectacular profit care, with natural expectation that they will not wait one month for the opening of XYMs trade, so risk in that case can be huge (bubble bursting in crypto like it was in January 2018)

poll results shows that majority for now will not want to take much risk on his backs

https://explorer.nemtool.com/#/poll?id=5fee0e206a966b753880834e

Who said anything about a month? 48 hours should be enough, I think.   and those who want to sell already have their XEM on the exchange and will be ready.

[satb]

You think that somehow the price action of XEM is tied to that of XRP and XLM ?
I mean a week ago the 3 coins were dumped as hell that it was so painful to watch!

Now XRP is stagnating due to the legal issued that it has and the exchanges that are taking it out
but the XLM is going crazy due to the latest news and XRP downfall!

You think this price action on XLM influenced that on XEM?

XRP price is also going down due to the spark airdrop snapshot, as well as the legal stuff.

XLM I heard Ukraine is going to use Stellar foundation to help build their digital currency.

I suppose XEM is similar in price to the others so may have perception as a good buy.

[ormin79]

Just a thought: wouldn't it be "smarter" to make the snapshot before the Symbol launch in order to not to deal with two major events on the same day ?

it will be for sure much riskier for those who wants sell quickly with profit and move on to the other "train".

How ?  And since when anyone cares about those who want to sell ?

i dont care (only for me), but those who wants to sell with spectacular profit care, with natural expectation that they will not wait one month for the opening of XYMs trade, so risk in that case can be huge (bubble bursting in crypto like it was in January 2018)

poll results shows that majority for now will not want to take much risk on his backs

https://explorer.nemtool.com/#/poll?id=5fee0e206a966b753880834e

Who said anything about a month? 48 hours should be enough, I think.   and those who want to sell already have their XEM on the exchange and will be ready.

If people (XEM holders) in poll choose option for snapshot to stay at 14 January, there will be many weeks between this snapshot and Symbol coin debut. NEM Foundation says that it will be somwhere in February, thats the reason i wrote about month of waiting. And risks in that situation.

[mishax1]

I think You dont understand my point. If people in poll choose snapshot to stay at 14 January there will be many weeks between this snapshot and Symbol coin debut. NEM Foundation says that it will be somwhere in February, thats the reason i wrote about month of waiting. And risks in that situation.

I fully understand you, I just don't see the logic behind a snapshot and launch on a single day.

[ormin79]

I think You dont understand my point. If people in poll choose snapshot to stay at 14 January there will be many weeks between this snapshot and Symbol coin debut. NEM Foundation says that it will be somwhere in February, thats the reason i wrote about month of waiting. And risks in that situation.

I fully understand you, I just don't see the logic behind a snapshot and launch on a single day.

Further discussion makes no sense. I will be not feeding the troll. You go to my ignore list.

I will publish my charts in other place, for those who want to watch it. Here is not good place to do that. And always be.

https://forum.nem.io/t/nem-xem-price-charts/1204

[jkoil]

[imgs... etc.

Do those wave projections take into account the volumes?
I say "projection", not analysis, coz I do not bel... eh, know those. Somebody has said that they may be self-forecasting

Volumes does not matter in Elliots Waves Theory. Only for formations like double tops and other price formations. But what to do with chart from one exchange only? It not contain all the volume. I know that multicharts are possible in Tradingview, but after blocking my account (and trying to get my phone number)
i dont have patience for this morons so i use only what can be used for free, i dont need even these volumes to make projections or expectations

Volumes are for professional analytics, and even with them, they fail to predict anything. So i use only that tools, that can satisfy me in that matter, taking into account, that i can be wrong. All readers of my posts should take this into account

ok ...
Volumes and prices from all the biggest exchanges might form such a data, which could give interesting information. If such info is easily got from the exchanges, even I may start analyzing again     Done earlier some study for one company from NYSE  

I asked about the volumes, coz I think I may understand the support levels from that point of view...
Eg. if many XEM owners or at least few big whales bought more (volume high), when the price was 555 sat, then they have no reason to sell below that price - they may buy more  ---> that 555 sat level supports XEM.

[mishax1]

I think You dont understand my point. If people in poll choose snapshot to stay at 14 January there will be many weeks between this snapshot and Symbol coin debut. NEM Foundation says that it will be somwhere in February, thats the reason i wrote about month of waiting. And risks in that situation.

I fully understand you, I just don't see the logic behind a snapshot and launch on a single day.

Further discussion makes no sense. I will be not feeding the troll. You go to my ignore list.

I will publish my charts in other place, for those who want to watch it. Here is not good place to do that. And always be.

https://forum.nem.io/t/nem-xem-price-charts/1204

   How am I a troll ?  This is purely a suggestion..

[ormin79]

[imgs... etc.

Do those wave projections take into account the volumes?
I say "projection", not analysis, coz I do not bel... eh, know those. Somebody has said that they may be self-forecasting

Volumes does not matter in Elliots Waves Theory. Only for formations like double tops and other price formations. But what to do with chart from one exchange only? It not contain all the volume. I know that multicharts are possible in Tradingview, but after blocking my account (and trying to get my phone number)
i dont have patience for this morons so i use only what can be used for free, i dont need even these volumes to make projections or expectations

Volumes are for professional analytics, and even with them, they fail to predict anything. So i use only that tools, that can satisfy me in that matter, taking into account, that i can be wrong. All readers of my posts should take this into account

ok ...
Volumes and prices from all the biggest exchanges might form such a data, which could give interesting information. If such info is easily got from the exchanges, even I may start analyzing again     Done earlier some study for one company from NYSE  

I asked about the volumes, coz I think I may understand the support levels from that point of view...
Eg. if many XEM owners or at least few big whales bought more (volume high), when the price was 555 sat, then they have no reason to sell below that price - they may buy more  ---> that 555 sat level supports XEM.

Smart point of view, but in crypto volume can be false, much easier to falsify than in other markets. Here is wild market tbh.

[jkoil]

[imgs... etc.

Do those wave projections take into account the volumes?
I say "projection", not analysis, coz I do not bel... eh, know those. Somebody has said that they may be self-forecasting

Volumes does not matter in Elliots Waves Theory. Only for formations like double tops and other price formations. But what to do with chart from one exchange only? It not contain all the volume. I know that multicharts are possible in Tradingview, but after blocking my account (and trying to get my phone number)
i dont have patience for this morons so i use only what can be used for free, i dont need even these volumes to make projections or expectations

Volumes are for professional analytics, and even with them, they fail to predict anything. So i use only that tools, that can satisfy me in that matter, taking into account, that i can be wrong. All readers of my posts should take this into account

ok ...
Volumes and prices from all the biggest exchanges might form such a data, which could give interesting information. If such info is easily got from the exchanges, even I may start analyzing again     Done earlier some study for one company from NYSE  

I asked about the volumes, coz I think I may understand the support levels from that point of view...
Eg. if many XEM owners or at least few big whales bought more (volume high), when the price was 555 sat, then they have no reason to sell below that price - they may buy more  ---> that 555 sat level supports XEM.

Smart point of view, but in crypto volume can be false, much easier to falsify than in other markets. Here is wild market tbh.

Do you mean that the exchanges are showing to us volumes, which are not "quite correct"?

In low-volume-markets it is easy to manipulate the course values, if someone has money enough. Eg. buy the whole selling wall and then it looks like the price went up to the moon +60%
 
That kind of changes have happened also in stock markets with some company's stock, whose day-volume is very low.

[ormin79]

Do you mean that the exchanges are showing to us volumes, which are not "quite correct"?

In low-volume-markets it is easy to manipulate the course values, if someone has money enough. Eg. buy the whole selling wall and then it looks like the price went up to the moon +60%
 
That kind of changes have happened also in stock markets with some company's stock, whose day-volume is very low.

Maybe, but to be precise i mean that market maker (there is always such person or group of persons) can do with his robots false volume (per multiaccounts) at low cost, that is possible also in case of exchange (no costs as no fees).

This things are maked to create false pumps, and these false pumps are maked to create opportunity to sell collected coins from lower lewels to the FOMO players with good profit, sometimes this pumps are propelled by good news or statements to create really good profit ratio (espiecially for insiders).

This is wild market, with one rule for small player: newer tend to FOMO, try to buy when You see possibility of dip, try sell when You see FOMO and never get in for all You have!

I dont say that insiders or exchanges do it in case of XEM for sure. But that is my impression. I observe this market day by day, hour after hour.

Some thougths about current price action:

https://forum.nem.io/t/nem-xem-price-charts/1204/4?u=ormrlangi

Today is the last day of poll and option "Move snapshot with the launch date" probably will win. What this can cause to price? For sure there will be more time for accumulation before snapshot i bet big fishes will try to make mechanism of reversed FOMO in exchanges, to get cheap XEMs from impatient people.

Now i try to rebuy @0.22$ some chunk of XEMs that i gave up some time ago, my main pending buy in Bitcoins @ 400-460satoshi area stays untouched, just in case... Howgh:D

edit// and the holders voted to not risk and move snapshot along with the launch date, price is stable @22cents we will see if it will hold, if not 400-460 satoshi as i wrote before.

[mishax1]

Just a thought: wouldn't it be "smarter" to make the snapshot before the Symbol launch in order to not to deal with two major events on the same day ?

Someone listened  

[jkoil]

Do you mean that the exchanges are showing to us volumes, which are not "quite correct"?

In low-volume-markets it is easy to manipulate the course values, if someone has money enough. Eg. buy the whole selling wall and then it looks like the price went up to the moon +60%
 
That kind of changes have happened also in stock markets with some company's stock, whose day-volume is very low.

Maybe, but to be precise i mean that market maker (there is always such person or group of persons) can do with his robots false volume (per multiaccounts) at low cost, that is possible also in case of exchange (no costs as no fees).

This things are maked to create false pumps, and these false pumps are maked to create opportunity to sell collected coins from lower lewels to the FOMO players with good profit, sometimes this pumps are propelled by good news or statements to create really good profit ratio (espiecially for insiders).

This is wild market, with one rule for small player: newer tend to FOMO, try to buy when You see possibility of dip, try sell when You see FOMO and never get in for all You have!

I dont say that insiders or exchanges do it in case of XEM for sure. But that is my impression. I observe this market day by day, hour after hour.

Some thougths about current price action:

https://forum.nem.io/t/nem-xem-price-charts/1204/4?u=ormrlangi

Today is the last day of poll and option "Move snapshot with the launch date" probably will win. What this can cause to price? For sure there will be more time for accumulation before snapshot i bet big fishes will try to make mechanism of reversed FOMO in exchanges, to get cheap XEMs from impatient people.

Now i try to rebuy @0.22$ some chunk of XEMs that i gave up some time ago, my main pending buy in Bitcoins @ 400-460satoshi area stays untouched, just in case... Howgh:D

edit// and the holders voted to not risk and move snapshot along with the launch date, price is stable @22cents we will see if it will hold, if not 400-460 satoshi as i wrote before.

yes, I forgot those zero or low fees ...
In such exchanges the volume and price can be manipulated with robots quite easy.
 

[ormin79]

Good correction @BTC, but for XEM it means further consolidaton or negative bias. 22 cents was strong (3 times bounce) but with dynamical Bitcoin there is always problem. I dont sell that chunk @ 22cents. I wait for more cheaper XEMs if some impatient investors will be so kind.

[jkoil]

Good correction @BTC, but for XEM it means further consolidaton or negative bias. 22 cents was strong (3 times bounce) but with dynamical Bitcoin there is always problem. I dont sell that chunk @ 22cents. I wait for more cheaper XEMs if some impatient investors will be so kind.

maybe some small or bigger investors looked that a ride from 5000 USD to 40 000 USD is good enough. Or they did not believe that the rise continues.
It is interesting, whether this was the peak and will the price drop to earlier peak (~ 15 000 USD) ...
 or will the new peak top be searched from the level of 10 * earlier peak, like it has usually been with BTC

[ormin79]

Good correction @BTC, but for XEM it means further consolidaton or negative bias. 22 cents was strong (3 times bounce) but with dynamical Bitcoin there is always problem. I dont sell that chunk @ 22cents. I wait for more cheaper XEMs if some impatient investors will be so kind.

maybe some small or bigger investors looked that a ride from 5000 USD to 40 000 USD is good enough. Or they did not believe that the rise continues.
It is interesting, whether this was the peak and will the price drop to earlier peak (~ 15 000 USD) ...
 or will the new peak top be searched from the level of 10 * earlier peak, like it has usually been with BTC

For me its only transfer of wealth from weak hands to the smart money hands, only correction, of course propelled by realisation of profit by those smart, who have buyed lower, but rest (95%) have no or small profit now (those from levels 30-40.000) many will give up and will return after much braver wave, those people are "capital donors" for smart money.