Quote from: smart757 on March 08, 2018, 10:33:15 PM

Quote from: revilo on March 08, 2018, 09:08:04 PM

Quote from: smart757 on March 08, 2018, 07:00:49 PM

Quote from: ruletheworld on March 08, 2018, 05:23:37 PM

Quote from: DenisZabar on March 08, 2018, 01:57:37 PM

Thats why price is rising

https://www.coindesk.com/bull-reversal-nem-price-jumps-as-coincheck-moves-to-refund-users/

Interesting and nice to see. Hopefully the previous holders will get back into the market. After all, they can get more NEM now than they previously held for the refund amount Coincheck is giving them.

That is true. They can buy almost 3x what they lost at current rates. Hopefully they all see it was the exchange's fault and not NEM's. Maybe in the long term this will be a blessing in disguise. Who knows. Hopefully something good comes of it though.

I read the article but where do you read how those people who lost funds get reimbursed? Do they get NEM or do they get the equivalent of the moment when the theft happened in BTC? If the exchange reimburses them in NEM that would mean they need to buy it from the market and push the price up.

I thought I read they were getting reimbursed in jpy. Don't quote me on that, but if so I'm hoping they see what a good deal is staring them in the face and buy up 3x as much NEM as they had before the hack. It will drive up demand and price, as well as gain ground vs btc, which is down a bit now. Then hopefully when the broader market picks up, we will be in a better position to rise with it and recapture some of those lost gains. More importantly, such a move would probably vault us back into the top 10, and give us more breathing room and a higher support floor.

Ah true, JPY would actually make sense. And we are probably safe to assume that Binance has enough of that Wink