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

[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.

[gsxrl3oi]

So is the snapshot happening on schedule?

[yshin365new]

So is the snapshot happening on schedule?

Result of the poll shows the postponing of the snapshot.

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

[gsxrl3oi]

surprise surprise another delay lol

[yshin365new]

It is for perfection!

[ormin79]

It is for perfection!

NEM(XEM) was since the beginning identified as "ninja release". Now is not. XYM will be identified as "perpetual perfectly postponed"

[m2017]

Does anyone else believe in a great future for NEM (XEM) project? What event/new can affect the attraction of new investors? 

[ormin79]

Does anyone else believe in a great future for NEM (XEM) project? What event/new can affect the attraction of new investors? 

Sadly there is no future, only pump&dump schemes. This sentence is valid for all cryptos including Bitcoin. All this is created to transfer wealth from small players to the big fishes. Some small fishes can only try to get in and get out in proper moments of this drama but at cost of 95% all other players. So is the way how it works imho.

[jkoil]

Does anyone else believe in a great future for NEM (XEM) project? What event/new can affect the attraction of new investors?  

Sadly there is no future, only pump&dump schemes. This sentence is valid for all cryptos including Bitcoin. All this is created to transfer wealth from small players to the big fishes. Some small fishes can only try to get in and get out in proper moments of this drama but at cost of 95% all other players. So is the way how it works imho.

You don't see that in the future some crypto coin can be used instead of Visa and such?
Before that the crypto value must be stabilized, ie. it should not change more than 1 % in a day

That stabilization happens when there is a common conception of the values.
Now there is not such yet. For example, BTC's value is 40 000 or 140 000 or 500 000 USD - - - depending on who you ask

[satb]

BTC's value will stabilize over the long term, probably at the point when 1 Satoshi = $1. 

[satb]

Does anyone else believe in a great future for NEM (XEM) project? What event/new can affect the attraction of new investors? 

The NEM Software CTO posted an article on the plans to refresh NEM NIS1 last month. There are four things in the roadmap, see below official Twitter post and link below.

https://www.twitter.com/NEMofficial/status/1348932876331610113

https://medium.com/nemofficial/the-future-of-nis1-2c170c38379e

[ormin79]

Does anyone else believe in a great future for NEM (XEM) project? What event/new can affect the attraction of new investors?  

Sadly there is no future, only pump&dump schemes. This sentence is valid for all cryptos including Bitcoin. All this is created to transfer wealth from small players to the big fishes. Some small fishes can only try to get in and get out in proper moments of this drama but at cost of 95% all other players. So is the way how it works imho.

You don't see that in the future some crypto coin can be used instead of Visa and such?
Before that the crypto value must be stabilized, ie. it should not change more than 1 % in a day

That stabilization happens when there is a common conception of the values.
Now there is not such yet. For example, BTC's value is 40 000 or 140 000 or 500 000 USD - - - depending on who you ask

No, because crypto is class like asset not money like fiat or gold and silver before paper money appeared (now they are also only assets). Assets are not so stable to be used widely as means of payment. But are very suitable for speculation, to create bubbles etc. I understand many want change this f... system and crypto is attractive, but not for current financial system, that system will fiight this, and the best way is to create bubbles and dramas after that, as we can observe in case of Bitcoin every few years. The price of Bitcoin is every time higher? Ok but still not stable. Even if 1satoshi will be 1$ it can be after that 1,1$ 1,5$ or crash to 0.1$ it will never be stable. For wealth people Bitcoin and some altcoins can be longterm store of value. They have so huge wealth (and means for creation), that they can manipulate prices in this direction. For "normal people" they will do some other method of payment, and only that without possesion. They will possess, "the street" will have only credit. So is the plan of finanical elites. There is little hope it can be changed so far.