Unpopular Opinion? NEM Foundation / NEM Devs had nothing to do with NEM going to ~$2 in 2018...
Hey all,
It's been quiet around here but I wanna talk about people bitching about the price of NEM going up recently. It usually takes the form of 'oh NEM went up 50%? Fuck that, it needs to go up 18000% until it reaches its ATH'. Do you guys not remember when NEM went to $0.01? Jesus, it was party time back then... but now, bitching.
Look... the entire crypto market exploded in 2018 and no-one seen it coming. If you didn't get some money out at that time then it's on you and no one else. Shit, I got some out at 50c and by the way it was going I thought we were gonna hit $5! But nothing that NEM did was responsible for the rise, so why are you bitching that it fell back down? If you look at it, the 'pump' money came in as fast as it went out (2 months inflow, 2 months outflow). Personally I'm kinda half stunned that we are sitting at the price we are after suffering through the Coincheck hack (which was during the outflow of pump cash).
Just take it as a lesson, you have more experience now so for the next pump take what you need and ride it. Have a plan in place and stick to it (personally I had a plan but it went out the window because I got too excited. Bad mistake but I'll know better next time).
However, the recent rise in NEM can be attributed to the NEM Foundation, we have gone through a massive rout and a bunch of leeches got shown the door. The roadmap which was suppressed by the previous administration (which pissed off the devs) has been relased by the new administration, and from where I'm standing I can see positive changes.
Is there another pump and dump in our future? You betcha! The MSM is warming up to crypto again and sentiment is changing. It's easier than ever to buy crypto now, we are on ~100 exchanges (remember when we were only on 20?). The only thing the NEM Foundation can do is work on getting even more exchanges and landing a partnership. For what it's worth I have much more confidence in this administration than the previous self-centered one (talking about you little Lonnie).
P.S. Nelson is no longer a mod, yaaay!
