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RE: Buy NEM Now? Science Says Yes!
I appreciate your analyses and really glad I cam across your posts.
I read earlier today there's a Japanese exchange that lost a huge amount of Ripple due to hacking $120M + and though it hasnt' been confirmed there's a rumor the same exchange also lost $600M worth of Nem. If this rumor were to continue to propagate, or worse be confirmed as valid, how do you think it might impact the price?
Purely my opinion, but perhaps these rumors have already been priced into the current NEM price? Based on my research on trading behaviors, most investors are confident at the 80-cent support line, so I think it will hold. Of course, we'll just have to wait and see to get the real answer! :)
I've seen it posted on multiple sources since yesterday, though the amounts quote vary between $400M and $600M. I follow along and see what else the market has to say in the next few days. I appreciate your insight. Thanks again. :)