NEM (XEM) Price Charts

Market Discussion
#1138

The main question is now if XEM sits in portfolios of whales, who make this portfolios like index of altcoins, watching TotalMarketCap chart.

With years of neglecting marketing, work in shadow i can say - i dont think so. Sadly. Maybe one big whale sits here (or group of persons), to be a market maker and decide about desired direction.

maybe He/They will decide at some time to pump and dump.

https://www.tradingview.com/x/JnPe8MMU/

in the place of whale until BTC is bullish i might consider to do small pumps in range 22-44 cents

#1139

There is very big probability that exchanges will give XYM with this official restriction. Second side is that this restr was been published only on twitter. I supose that who sell on snap will not recieve any from exchanges and u can bet on it.

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#1140

Of course. There will be teams of warriors with complex strategy how to make money u can be sure.

#1141

snapshot was considered as succesful @ 3,105,500 (completed 360 blocks later as confirmation), there was no rollback, so if some exchange will not give people who sold after that it will be scam, who will they give this XYMs, for those who buyed after snapshots block?

Selling after that block was of course risky in case of rollback event, but it was very small possibility.

Poloniex had taken snapshot at the time given by NEM Team

  • XEM markets, deposits, and withdrawals will be disabled a few hours prior to the snapshot so we can prepare to take the balance snapshot.
  • We will take a snapshot of all XEM balances at the time set by the NEM team on March 12th at approximately 00:50 UTC.
  • XEM open orders, lending offers, trigger orders, and pending withdrawals all count toward your snapshot balance.

This 00:50 UTC was of course changed

First trade after real point of snapshot occured at 4:30 UTC after opening market by Poloniex. Around 5 minutes after snapshots block.

#1142

It was been prepared that u must hold it to 360. If not, Xem will be 00nothing. Very simple. Question is why it was been published only on twitter. The second alternative is that it doesnt matter, that is only report, but i personaly didnt think so and ex can safe big bag of money and doesnt matter how u interpretate it

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#1143

Its not that simple unfortunately. But Monday will give clear answer for those who sold quick after 3105000 :slight_smile:

For me 360 blocs later is confirmation point, not the point of snapshot. But if NEM Team does this like Ninja short before snapshot it was very confusing for traders. Bad for them.

If they will not become XYMs there will be a bunch of “pontifiers” attacking NEM Foundation members, and black stain on honor. This should be made clear much time ahead of snapshot not few hours before. And snapshopt block should have other number in countdown site.

#1144

Okay i have a question to Bitrue users. Did they sold quickly after 3105000 block and became XYMs by Bitrue?

#1145

Its you overwiev on message, there is one another about snapshot completence. Photo on 3105500 and photo on 3105860. I think that there is XYM holder that make snap on off wallet firstly

#1146

Okay if so, this is clear robbery. If it will become true NEM Foundation will be remembred in cryptoworld as a big scam. I can imagine that hate actions after Monday. Pontifier was piece of cake.

But we must wait for Monday to judge.

#1147

Yes. Couse there is differency between Nember and speculator. Symbol need healt Nem. I am speculator. Ichimoku showed

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1 Like
#1148

It says 360 blocks to reach consensus, which is different from block confirmation.

Confirmation requires only one node to verify transactions in a block.

Anyone who sold or withdrew XEM right after the snapshot are guaranteed to receive XYM.

1 Like
#1149

In this case was twitter alert completely useless. And there was been comment that one guy know that he didnt recieve xym. Its in history. U will be sure after u recieve or didnt recieve xym :wink:

1 Like
#1150

I sold after i got my XYM

1 Like
#1151

U can conclude us. In which time?

#1152

8:46 utc transaction time

#1153

Maybe snapshot was been enough. We on fkg Binance didnt has this luxury :smiley:

1 Like
#1154

The tweet is not useless. All they are saying is that after 360 blocks there is certainty there was no attack on the network and can conclude the snapshot was successful.

2 Likes
#1155

And i sometimes speculator and sometimes NEM fanboy :smiley:

But be a fanboy is hard with NEM.

#1156

chat will be good idea

1 Like
#1157

The current price reflects the value it has in terms of those who entered XEM very early and went through many stages waiting many years to become a success. They will never sell below a certain price even if XEM disappears.