Post
Topic
Board Announcements (Altcoins)
Re: NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs
by
ormin79
on 15/01/2021, 08:17:22 UTC
Does anyone else believe in a great future for NEM (XEM) project? What event/new can affect the attraction of new investors?  

Sadly there is no future, only pump&dump schemes. This sentence is valid for all cryptos including Bitcoin. All this is created to transfer wealth from small players to the big fishes. Some small fishes can only try to get in and get out in proper moments of this drama but at cost of 95% all other players. So is the way how it works imho.

You don't see that in the future some crypto coin can be used instead of Visa and such?
Before that the crypto value must be stabilized, ie. it should not change more than 1 % in a day Smiley

That stabilization happens when there is a common conception of the values.
Now there is not such yet. For example, BTC's value is 40 000 or 140 000 or 500 000 USD - - - depending on who you ask Wink


No, because crypto is class like asset not money like fiat or gold and silver before paper money appeared (now they are also only assets). Assets are not so stable to be used widely as means of payment. But are very suitable for speculation, to create bubbles etc. I understand many want change this f... system and crypto is attractive, but not for current financial system, that system will fiight this, and the best way is to create bubbles and dramas after that, as we can observe in case of Bitcoin every few years. The price of Bitcoin is every time higher? Ok but still not stable. Even if 1satoshi will be 1$ it can be after that 1,1$ 1,5$ or crash to 0.1$ it will never will be stable. But for wealth people Bitcoin and some altcoins can be longterm store of value. The have so huge wealth, that they can manipulate prices in this direction, but for "normal people" they will do something other methods of payment, and only that without possesion. They will possess, "the street" will have only credit. So is the plan of finanical elites. There is little hope that it can be changed so far.