NEM isn't done tanking yet. Don't buy now. I'm under water since last month as well. Thought $0.55 was a fair price but didn't account for the incompetence of Lon Wong. The guy is a disaster.
just to understand better...how do you know this? Can you tell us more about the incompetence of Lon Wong? what right now he's doing so wrong?
What price will be a good price to buy? When will the storm be over?
The dump isn't over because the exchange Huobi still hasn't allowed deposits yet - once they open there doors NEM isn't going to be $0.45 anymore over there. If BTC takes off from here all alts are going to bleed anyway so then the people that are still holding XEM and have already taken a large hit are going to see that as a painful opportunity cost and dump some more. If BTC corrects to 6K again then everything is going down hard. Basically BTC has to sit still or creep up to give XEM any chance to recover and this would have to be a substantial period - not the style of BTC as of late.
Lon Wong made a terrible decision in tainting wallets and individual coins. He basically demonstrated that XEM is not fungibile and the Foundation will intervene at any time in situations they do not consider ethical. This is not their place because with a true currency people should be able to acquire it and dispose of it however they see fit - NEM Foundation isn't the proper authority to be governing this. This is a law enforcement matter and while I would agree with NEM Foundation cooperating with an investigation they shouldn't try to be the law. It gives the impression that if they don't agree with a project or business using XEM they could start throwing up roadblocks on those wallets and/or tokens that pass through them. It is a slippery slope and anti-crypto in many ways.
Hard to say when it will be a good time to buy again because that depends a lot on the overall health of the market. Given the Huobi situation most likely not now. I would be looking around $0.25 - $0.28 and consider it there to cost average down my stack. I would only start there though. Depending on BTC the bottom could be something like $0.16 based on what XEM was doing in the Sept - Nov period of 2017.