Guys at the moment, looking at the AE, price of one NEM is 150 satoshis. When we start trading on exchanges, upon the launch, will we beat this price or the price will be lower?
I would like to hear opinions since I am thinking should I buy a NEMStake now, or wait the launch. Please keep in mind that there will be a lot of people who will dump their stakes upon the launch. If the price will be 150 satoshis, this will be an easy 1,5 BTC for them. This will surely drive the price down and let's face it, there are people like that, who are just looking for the easy money, moreover since they invested hardly nothing. There are many coins that were more expensive on IPO than after launch. Also I think that price drop is inevitable, BTSX dropped over 50% from the launch price before it started going up.
Another thing in mind is that there are 4B NEMs to 1B NXT. This would put a price of 1 NEM to the 600 satoshis launch price comparing to NXT, since there are 4 times more coins. Anybody remembers the price of 1 NXT when it hit the exchenges upon the launch? Is this 600 satoshis to much for NEM to beat?
Feature wise, looking at NXT at the moment there is just coin sending, better distribution and POA algorithm that is making forging fairer. All other feats are just promises.
I am not trying to spread FUD, just trying to think in advance, invest, and hear other peoples' opinions.
There are some fairly valid points here. Anyways, don't think about investing for too long, you still have about a week until the deadline. Would be interesting to hear an input of the others about this as well.
IMO dumpers had already over 4 months to dump their stakes and as far as i know, there will be more features at the launch. (Correct me if im wrong)