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

[mladen00]

It may be very hard to ever get ahold of Nem at these prices again. There's only 5 stakes for sale below 50k NXT and that will probably get eaten up in the next several hours. Once the beta features start rolling out I wonder what kind of price will we see then?

my op is that we will see 100k before beta, and my op is that 100k is still cheap

[kauppalahti]

Hello nemsters!
Have you meet this problem with new wallet after
booting the node and ncc+nis up:
"NIS info is not avaiable yet. Trying to retrieve NIS info..."
Can't get over it..

[nembit86]

At this stage 100 000 nxt for 1 Nemstake is reasonable but I would only consider selling it for at least 1000 000 nxt. Nxt would have to get back to 10 cents to make 100  000 dollars. Im holding NEM to get more than that.

[Doriangrayz]

this is nothing guys, Nem reached almost 2000$ some months ago. HOLD!

[juicejoyce]

this is nothing guys, Nem reached almost 2000$ some months ago. HOLD!

now it is round 40K, sure it will hit 100K in one week.
hold on and you will win.

[amytheplanarshift]

At this stage 100 000 nxt for 1 Nemstake is reasonable but I would only consider selling it for at least 1000 000 nxt. Nxt would have to get back to 10 cents to make 100  000 dollars. Im holding NEM to get more than that.

I'll take it a step further and say what I've said before, I'm never selling NEM unless sometime far into the future the underlying tech that makes it tick is no longer valuable or looks as if it will be deprecated and cannot be adapted to change as the crypto landscape evolves.

If you truly believe in a crypto ecosystem like NEM, the end goal should never be to "sell at a target fiat price". The end game for NEM is to never have to convert to fiat, ever. That is the ultimate goal and the goal that I'm trying to do whatever I can to help NEM push towards. Of course, we have to think about the value in fiat now to determine exactly what we can purchase with our NEM, but if we are true believers in NEM we should never think about selling it.

This is a movement after all, as it says in the name. This is something big. Something that could truly change the entire world for the better, and that is no exaggeration. Satoshi got the ball rolling when he unleashed Bitcoin upon the world, much like I'd say Tim Berners-Lee got the ball rolling for the Internet as we know it today with the WWW or what the guys at MITS did to get the ball rolling for the PC market with the Altair 8800. Of course, it was the many new products, services, inventions, and ideas that these initial inventions spawned that went on to truly change the world but they never could have existed if it was not for what came first. Bitcoin was the inspiration, and NEM is (well, could be... nothing is for certain) the movement that will change how the world works.

Of course, it's up to all of us to make it happen. Not just the devs, not just the moderators or the community leaders, but every one of us is a part of this movement and its success depends on all of us. If you ever wanted a chance to do something that could drastically improve the lives of millions or even billions of people all around the world, this is it. We are in the right place at the right time. What comes of it is simply what we make it.

[mrkavasaki]

do you guys think  1million is a relistic price target?

[Simakki]

It may be very hard to ever get ahold of Nem at these prices again. There's only 5 stakes for sale below 50k NXT and that will probably get eaten up in the next several hours. Once the beta features start rolling out I wonder what kind of price will we see then?

my op is that we will see 100k before beta, and my op is that 100k is still cheap

About 3000$ per stake at the launch would be perfect aint even that much.
12 million marketcap and that is quite realistic, if the Beta is good as alpha and achieve to deliver promised features.

[amytheplanarshift]

do you guys think  1million is a relistic price target?

$1 million per 1 million NEM? Absolutely. Most likely not any time soon, though. $1 million is peanuts compared to where I think it could go.

[dewey556]

looks like the NEM train has left the station. nxt stop top 5  

[rabbiter]

When is distribution and when is exchages coming?

[rabbiter]

Can I get my NEM stake and then sell it for NXT now?

[EFFV]

It may be very hard to ever get ahold of Nem at these prices again. There's only 5 stakes for sale below 50k NXT and that will probably get eaten up in the next several hours. Once the beta features start rolling out I wonder what kind of price will we see then?

my op is that we will see 100k before beta, and my op is that 100k is still cheap

About 3000$ per stake at the launch would be perfect aint even that much.
12 million marketcap and that is quite realistic, if the Beta is good as alpha and achieve to deliver promised features.

That could be 10 Bitcoin by launch. 

[EFFV]

Can I get my NEM stake and then sell it for NXT now?

If your NEM stake is associated with your BTT account then you will have to wait for distribution. If you requested your stake to be added to the asset exchange then you can sell it whenever you want.  However, I highly suggest holding your stake. NEM is one of the most innovative currencies to hit the market.  Many people are working to make NEM a success.

[EFFV]

When is distribution and when is exchages coming?

Distribution is this month. Check back soon. Exchanges are welcome to add NEM after the official launch this month. Right now you can trade NEMstake on the NXT asset exchange.

[yeyo101]

Wheres the link for the Redemption process pls. Thanks

[rabbiter]

Can I get my NEM stake and then sell it for NXT now?

If your NEM stake is associated with your BTT account then you will have to wait for distribution. If you requested your stake to be added to the asset exchange then you can sell it whenever you want.  However, I highly suggest holding your stake. NEM is one of the most innovative currencies to hit the market.  Many people are working to make NEM a success.

So it's too late to request it to be added to the asset exchange?

[jabo38]

100k is too optimistic, 50k is possible, though.

I guess I can't get my stake now. pastmaster and xtester could've released mine, I sent before the hacking attempts.

100K is highly possible.

When Nxt was launched, it went to as high as equivalent to 300K NXT, i.e., about 8cts per coin. Forget market cap for a while as NEM coins are 4 times that of Nxt. Frenzy drives may not look at the market cap.

There are a couple of factors to consider though:

Liquidity of NEM is higher because of less whales and therefore prices are more evenly spread out and stable.
Market depth and potentially high velocity of change because of bigger base of coin holders.

I don't know how this may pan out and it may also bring the price down as a result of even spread. If whales from Nxt buy up NEM and become NEM whales, expect NXT to crash. Otherwise, new NEM whales may emerge from BTC holders.

I have wondered about all these things.  It is going to be very interesting to see how this plays out.  NEM is really the first time ever an experiment like this has been conducted in Crypto. 

[rabbiter]

When is distribution and when is exchages coming?

Distribution is this month. Check back soon. Exchanges are welcome to add NEM after the official launch this month. Right now you can trade NEMstake on the NXT asset exchange.

why do you think distribution is this month?

It's been this 'month' for about 4 months now.

[jabo38]

Hello nemsters!
Have you meet this problem with new wallet after
booting the node and ncc+nis up:
"NIS info is not avaiable yet. Trying to retrieve NIS info..."
Can't get over it..

It is a known error on the latest release of the Alpha.  I had the same message but everything still worked fine.  I sent coins, received them, and even harvested.  The Devs are already patching it for the next version.