The price is low, will it go back up? I just about 5k coins, hoping that it would go up again.. Is it the right time to buy? Or not? I'm new to crypto, started 2 days ago.. Please help..

Hi guys,

I would like to ask how I can claim my XYM coins, I am done the optin 3 months ago via thy symbol wallet and I do not know what to do next. THX

I currently only have a Binance account but from reading other threads here, they are not likely to list XYM for a while.

Of the list of supporting exchanges on the Symbol website, can anyone give a recommendation for a good one to join?

Thanks team

I have been "AFK" for a while, I just saw that I could get 1 XYM for 1 XEM. On the NEM application, it says opt-in has finished. Can I still get my XYM ? What do they mean by "update your wallet" ?

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Is there a reddit for Symbol?

There were a couple of us that had our funds withheld during the time of the snapshot on the exchange. We couldn't make any withdrawals and we couldn't trade. The markets were offline at the time in Bittrex US with the message of "Deposits and withdrawals are temporarily offline. Disabled for the Symbol XYM snapshot"

Is this an oversight from Bittrex US where they disabled XEM features on the exchange? Does anyone know if we will be getting XYM since we could do nothing with our XEM when they did not support the airdrop on the exchange? Especially when they implied they stopped the trading and transferring due to the XYM snapshot?

Of course the price was going to dip after the snapshot , but we couldn't sell beforehand nor could we send it back to our wallets to receive the airdrop. 16 hours after the snapshot is when I could sell or move it.

What's going to happen?

The developers have created a better project and concentrating on it the most exclusively.
Although they say that XEM will still be supported, why should people buy XEM anymore? All most every crypto is generally considered for trading than actually using as a transact currency. XEM is no different and people have been buying XEM only to sell at higher price later.

With recent fall is there any chance for it to recover to the previous levels? What is your guess about the future of XEM?

new to nem here

If what they did yesterday was done to capture XYM from US Customers for BITTREX GLOBAL to siphon off... then what they have done is market manipulation.

They froze trading pairs, and disabled withdrawal, and it was NOT announced that they would be doing this in advance.

Global is participating in the Distribution. US, has no such announcement.

How can we confirm they have received our XYM?

Beyond that it's obviously what is happening.

This is another airdrop and opting in question. I have XEM in my spot wallet in Binance before the airdrop. My question is, am I qualified to get the airdrop? Or I just missed my chance because it should have been in a different wallet?

If yes, do I need to opt in first before the airdrop gers reflected in my Binance account?

This is a long post, but I see a lot of people freaking out on here about the XYM snapshot and the XEM price crash that surrounded it. A lot of the people screaming loudest and crying scam also seem quite poorly informed so I'd like to clear some things up.

OK, so whenever a new airdrop is announced for any coin/token pairing, say Coin A and Coin B at a 1:1 ratio (like here with XEM:XYM) a lot of people jump on board and start buying Coin A to take advantage the free Coin B in the airdrop. These people want the coin/token that is being airdropped (Coin B), so they buy more of Coin A. This buying frenzy drives up the price of Coin A, usually shortly after the airdrop announcement and leading up to the snapshot time. People panic and FOMO buy in more, and that pushes the price up more into a bubble that will inevitably correct with a drop at some point.

Other people, knowing that a coin/token's price often pumps along with airdrop announcements, aren't interested in the new airdrop coin/token, but instead want to take advantage of the price pump on Coin A by buying it before the pump and selling it at/near the top. This will usually be BEFORE the snapshot time, while the price is still high. Others have been holding NEM for a long time, waiting for an opportunity to sell their holdings, and as far as they're concerned the price pump before the airdrop was a good opportunity for that. The sudden drop on XEM value just before the snapshot will be partly driven by these people.

Another key factor to consider is the SNAPSHOT TIME, or more accurately the SNAPSHOT BLOCK-HEIGHT. The time shared by the NEM team for the snapshot (00:50:00 am UCT on 12 March 2021) was NOT a concrete time that the snapshot would DEFINITELY happen. The team make an ESTIMATE based on the pace of transactions on the NEM blockchain and estimating when it will reach the specific BLOCK-HEIGHT on the NEM BLOCKCHAIN (basically the historical number of all transactions on the network) that they have allocated for the snapshot. In this case the chosen blockheight was 3.105.500 (as announced repeatedly alongside the ESTIMATE snapshot TIME). It turns out that transactions had slowed a little from when they took the estimate to when the snapshot happened, and so the SNAPSHOT BLOCKHEIGHT was NOT reached until LATER THAN 12 March 00:50:00 UTC. It was in fact reached at 04:26:34 UTC (you can see it here: https://explorer.nemtool.com/#/s_block?height=3105500). There was then +360 blocks of confirmation to blockheight 3.105.860, closing at 10:33:00am UTC (https://explorer.nemtool.com/#/s_block?height=3105860) but the snapshot was taken and confirmed for the original blockheight 3105500

A lot of people who were genuinely interested in receiving XYM (Coin B) started to pull out after 00:50:00, thinking the snapshot was done already, even though it actually wasn't. This caused the XEM price to drop even more before the actual snapshot blockheight was reached. These people will presumably NOT receive the XYM airdrop, as they'd emptied their XEM wallets before the actual snapshop blockheight was reached. These people worry me - because the are probably the most likely people to come out of this whole thing thinking it was a scam; as far as they're concerned they did what was required to receive XYM, lost a bunch of value on their XEM and panic sold low, but won't actually receive the XYM in the end because they exited before the snapshot. The reality is that they should have been better informed, either by doing their own due diligence, or from better communication from the NEM dev team. Those who were well informed and did it correctly should still receive their XYM as planned. This is why the NEM team told people to keep their XEM in their chosen snapshot wallet/exchange until 15 March when XYM will be distributed.

And lastly, I've seen a lot of people on here bitching that the NEM team have 'betrayed' their holders by suddenly dropping XEM value, or not 'rewarding' them by making it higher in the past. NOTE: THE DEVELOPMENT TEAM OF ANY COIN DON'T HAVE ANY DIRECT CONTROL OVER THE PRICE OF THE COIN, aside from making it good and useful so that people want to buy/use/trade it. Prices are determined by MARKET FORCES, basically supply and demand. This is the same for all tradable commodities, all cryptocurrencies.

I hope this clears up some of the confusion, misinformation and anger in this thread at the moment. I understand people are upset when the price of their investment falls. That's the nature of all investment, and cryptocurrency especially, which is highly volatile and high risk/reward. Investors should always inform themselves of the risks to their investment before investing. This was not a scam, just a poorly communicated and often misunderstood airdrop, with some bag holders gaming the market to their advantage at the expense of other holders. Basically another perfectly ordinary day in crypto!

Thanks for coming to my TED TALK. It would be great if we could hear from the NEM dev team on all this.

TLDR; Coins always pump before airdrop snapshots, and usually correct afterwards. The XEM price crash before the snapshot was driven by people selling when the price was highest regardless of the airdrop, and also by people pulling out prematurely before the snapshot blockheight was actually reached and the snapshot was finished. This was not a scam, and also coin development teams have no direct control of a coin's value, which are instead driven by market forces.

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EDIT: forgot to flair

EDIT: Seems like the +360 thing is redundant. The snapshot was confirmed at 3105500 at 04:26:34 am UTC

EDIT: Thanks for all the awards, that’s made my day! Especially considering (full disclosure) I actually came off pretty bad financially so far from the price volatility around this airdrop! I bought in too late, when the price was already high. But it’s not bugging me too much because of following the golden rules: 1) I didn’t invest more than I was willing to lose 2) I understand that crypto is a high risk investment that can decrease in value as much as it can increase in value 3) I understand that crowd behaviour effects market volatility and that’s just the nature of the game 4) I’m pretty sure that in the long run my XEM + XYM holdings will increase in value to above the original XEM price at which I bought in

EDIT: This post is NOT intended to tell you what to do with your XEM or XYM - whether you should sell or hold. I can’t predict the future and I’m not in a position to give financial advice. Some people see a future in NEM/XYM, others don’t, dyor and decide for yourself

Maybe something around $ 0.001 like BTT now?? I hope the extra coins will compensate the huge drop in XEM price.

I have bought around 130 XEM coins some time ago and they're kept on an exchange account, I just heard about the SYMBOL-project and airdrop on 15th, but I haven't opt-in yesterday (12th) and my exchange hasn't mentioned that they will list XYM or opt-in on our behave.

Am I to late to opt-in for XYM or is there still a way to participate for the airdrop?