Re: [ANN][VRM] Verium PoWT Variable Blocktime | CPU mining | scrypt² | Commodity
Nearly every single coin is down ATM because of bitcoin bull rally, except for some rare quick pnd (but with very low volume), so VRM is just following the global alt trend.
ETH is crashing, XMR and ETC are very low, LTC crashed, ZEC is crashing (also because the mining ramp-up just finished), DOGE is crashing... VRM maintaining itself would be extraordinary, but there's still no reason for it to do so.
Interesting fact is that bittrex daily volume this past few days is less than 1k BTC, which is very low for an exchange with a full dev team, and I don't know how they can survive with fees alone.
They have ~200 BTC markets and today for example, only half of them had the minimum 0.5 BTC.
It's very strange for them to want and try to delist so many coins when we're clearly in a very alt bearish market.
I mean, even VIA which recently had a major dev change is in danger of de-listing.
It's a shame they equal development quality with volume, especially for recent ones that could not prove themselves yet.
In the case of a coin that everybody wants to hoard for staking, thus having very low exchange volume, it's just stupid.
One would suppose that the exchange is currently in a difficult financial situation, and they're trying to cut a lot of operation cost by halving their alt market count in a way that put pressure on devs/communities.
But that may very well be a bad strategy, because if the only alts remaining are the high volume ones, those are probably also on poloniex, and why trade on bittrex if you can do it on poloniex with much higher volume.
ETH is crashing, XMR and ETC are very low, LTC crashed, ZEC is crashing (also because the mining ramp-up just finished), DOGE is crashing... VRM maintaining itself would be extraordinary, but there's still no reason for it to do so.
Interesting fact is that bittrex daily volume this past few days is less than 1k BTC, which is very low for an exchange with a full dev team, and I don't know how they can survive with fees alone.
They have ~200 BTC markets and today for example, only half of them had the minimum 0.5 BTC.
It's very strange for them to want and try to delist so many coins when we're clearly in a very alt bearish market.
I mean, even VIA which recently had a major dev change is in danger of de-listing.
It's a shame they equal development quality with volume, especially for recent ones that could not prove themselves yet.
In the case of a coin that everybody wants to hoard for staking, thus having very low exchange volume, it's just stupid.
One would suppose that the exchange is currently in a difficult financial situation, and they're trying to cut a lot of operation cost by halving their alt market count in a way that put pressure on devs/communities.
But that may very well be a bad strategy, because if the only alts remaining are the high volume ones, those are probably also on poloniex, and why trade on bittrex if you can do it on poloniex with much higher volume.
Yes you are right. I also do not underdtans why they want to delist so many coins. I understand that maintaining an exchange with all the wallets is much work, but if bittrex is delisting all the coins they are saying trade volume might go to yobit or other smaller exchanges. So in the longterm bttrex is loosing even more volue and traderd. As you mentioned: why should we trade on lower volumes if er can trade on a bigger one?
You are also right about many altcoins going down. This might be related to powerfull BTC price increasement.
Another problem is that i believe, many very new BTC ppl (unexperienced people) came into VRM and thoight: wow thats all new i might get rich. But the fact is that you wont get rich 2-3 months after coin launch. If you want to go for the long term VRM might be a good choice, but i also suggest that you invest in 2-3 more coins for spreading.
I am personally still holding all my vrm, i didnt sell a single coin yet.
Some pages before i told you some simple steps for not loosing all your money and i think the following sentence can be signed by everybody who is in crypto for a fee years now: you should NEVER panic. If you panic quite easy zhe cryptoworld might be no good place for you.
@vrm dev team:
For me it would help if you post a bit more often on the forum
