Quote from: coinstash on February 21, 2016, 09:39:11 AM

Quote from: ttookk on February 20, 2016, 02:07:03 PM

Volume is dropping rapidly. Is the honeymoon phase over?

Nope. The guys who bought under 10 sat have stacked every sat point from 16 to 200 with about 6,000,000 XVG for sale. It completely killed the momentum. At least the bots haven't arrived yet.

This is the problem with a significantly premined coin, it leaves latitude to be defeated by short-term trading.

With the amount of resources available for Verge, it is just a matter of time until more people know what Verge stands for.

It's not about just about profit - short term profit is usually harder achieve and usually lower than long term.

If you bought at 1-2 sats and held, you most likely would have been better off - two ways:

1/ Bitcoin was a lower price
2/ Your Verge would have increased 10 fold.

Repeat this with any price.

Longterm:

Bitcoin will rise with supply and demand.
Verge will rise with supply and demand.