Post
Topic
Board Speculation (Altcoins)
Re: ReddCoin - is it a good investment? ReddCoin VS Verge?
by
The Enoeht
on 28/06/2017, 17:33:37 UTC
Reddcoin and verge are completely different. Why would you compare them? Verge is an anonymous coin, reddcoin is a tip coin for reddit. Reddcoin failed last year, and was recently revived, the developers are working on it but don't see it going anywhere near a dollar. You will be lucky to sell it for 160 sats again. Verge has some unique tech on their roadmap, developing new things for their coin in the coming months, it won't ever be a dollar either, but possibly 1000 sats.

I think you are being very negative.
I wish you made a better argument on future of Verge, like some of the previous members have.

I have around 300k ReddCoins and 250k Verge Coins.

I believe in diversifying the wallet with different coins, you know the old saying "don't put all your eggs in one basket", etc.

However I am starting to become skeptical when it comes to the ReddCoin. There are 28,547,978,658 RDD in circulating supply and if I correct this number can increase? It is not a max supply, like in case of Verge 16,555,000,000 XVG. Which means it won't get more then that, which is good imo. That means for Verge coin to get to 1$ per coin, it needs a market cap of 16.5 billion, while reddcoin would need 28.5 billion, assuming supply doesn't grow even more.

What do you guys think, especially when it comes to ReddCoin?

Also I was thinking of selling half of ReddCoin and buying more Verge for long term investment? Good idea?

Thank you.



Hello The Enoeht Do you think about ArtByte (ABY)?

No, sorry. From what I can tell it seems similar to MusicCoin.