Hi everyone.
I’ll admit, I’m new to cryptocurrency. Until recently, the only cryptos I knew were Bitcoin, Ethereum, Litecoin and Ripple.
Over the last couple of years I’ve watched Bitcoin rising, while missing the “train” and watching it grow until present when it broke the 2000$ barrier. I told myself that that was it…You only get a chance once in a life-time, but then again, when I saw NEM, I realized that sometimes life will actually give you a second chance. And boy it did :).
First time I found out about NEM, I was surfing the net about something that had little to do with it, and for I don’t recall what reason, I clicked on the page and the more I was reading, the more I was drawn-into. I already knew that Bitcoin was a volatile digital coin as history proved, so I was surprised to see how steady but surely NEM was growing despite any external factors like Bitcoin’s swings.Therefore, I did more research, and it didn’t take long for me to get my answer on why NEM is excluded from any of Bitcoin’s swings while most of the other coins follow its tendencies.
The answer was that NEM is a totally different thing that has nothing to do with Bitcoin, and since it doesn’t share its structure, it doesn’t share its swings either. I was willing invest some money into something of value, but being a guy who earned his paycheck by selling property for a couple of years, I knew that if I was about to put money on NEM, it wasn’t because of the benefits it provided. I needed to trust the coin and the crew behind it because at the end of the day, when you’re selling a product, you’re not actually selling the product but you’re selling TRUST.
Therefore, I did further research, and I learned about the crew behind NEM, I did my best to understand their philosophy and I came to the conclusion that if I put my money now, it’s for the long-run and on the winning side. And so I did.
When I bought NEM, I did it a couple of hours right before the hard-fork of Bitcoin. I knew that NEM was too expensive to buy with flat currency, so I had to buy Bitcoin (for the first time) and willingly lose 7% on transaction fees. I had to do it on the private market, because the exchanges were to slow due to verification process plus wire-transfer…and it would have taken ages, and due to that, I would have missed the spot before the hard-fork. So, I took a leap of faith, and bought from private persons. Luckly, it all went well.
I knew that after the Fork, whoever had bitcoins, would receive an equal amount of Bitcoin cash. But, I told myself this: The Hard Fork will send Bitcoin price to the toilet, making it go 50% down as many predicted. I told myself that for 400$ that I would have earned since I had one bitcoin, it’s not worth the risk as I expect Bitcoin to go down so bad that the 400$ from BCC wouldn’t cover the loss. So, I sold my Bitcoin right before the Fork. And I got almost 17K XEM.
The outcome? By the time the Fork started, Bitcoin went down, NEM is up and I already made a profit that almost covers my loss of BCC but that’s not what really matters. What matters is that once again, NEM is rising against all other coins that go down along Bitcoin. And I expect it to keep rising as the crew behind NEM is pushing the pedal to create wonders with this coin. And of course, Catapult and NEM Exchange will only make the coin price to go skyrocket which is normal.
I am glad that the crew hasn’t heavely marketed the coin, did their homework to get things done at their best, working behind the courtains, and see the bigger picture. As far as I’m concerned, NEM is the coin that will surpass Bitcoin by 2019-2020. It’s just my personal opinion and I stick to it.
Good luck to everyone and I am glad to be among you here.