Re: NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs
looks like the markets are starting to rebound today, so that's good.
I'm still troubled by the lack of volume. I just don't see how we can have this kind of marketcap with barely 6 million in usd worth of transactions.
I know the typical reason given here is "miners don't have to sell to pay for costs" but there has to be more to it than just that.
There are plenty of coins where it's hard to mine a block much less enough to profit on, and they have tens to hundreds of million in volume per day.
So what do you guys think the reason is? I'm sure no mining is a part of it, but not the entire reason.
Are people really holding that much that there isn't a whole lot out there to buy and sell?
is there just not much interest?
what is everyone's thoughts?
I'm still troubled by the lack of volume. I just don't see how we can have this kind of marketcap with barely 6 million in usd worth of transactions.
I know the typical reason given here is "miners don't have to sell to pay for costs" but there has to be more to it than just that.
There are plenty of coins where it's hard to mine a block much less enough to profit on, and they have tens to hundreds of million in volume per day.
So what do you guys think the reason is? I'm sure no mining is a part of it, but not the entire reason.
Are people really holding that much that there isn't a whole lot out there to buy and sell?
is there just not much interest?
what is everyone's thoughts?
lack of exchanges is a big reason IMO.
Yep, lack of exchanges and margin trading. Basically XEM is not "day traded" like other currencies which is what drives most of the volume. The lack of a hardware wallet discourages less tech savvy investors that might want to take a long position without leaving their assets in an exchange. I'm amazed at the marketcap despite this environment which will improve over time as adoption increases. I was hoping to acquire more XEM at 5000 satoshi's but it doesn't look like it's going to get down there and this news isn't helping me!
