Post
Topic
Re: [$XVG] VERGE [POW][MultiAlgo][BLACKHOLE][Entire Line of TOR/i2P Resources]
by
MasterOfDesaster
on 17/12/2017, 16:00:44 UTC
The price is falling rapidly

Yes, of course, it will, it was pumped up in just a couple of days. It will come back down even faster than it went up. XVG needs natural long-term growth. Hopefully, wraith will help with that. When you see a coin suddenly moon like that, it is almost certain that it will be a short pump. This time the cause was a tweet from someone well known. It is never a great idea to buy in during this time unless you are a day trader.

Not to say that the pump is over yet, could be more left in it.


As i have drawn the lines into the graph, if there is not an major country which will wake up to trade now, the pump is over and people start placing sell orders. Also daytraders are out, since aditional pumping would be epic, risk for daytrading is high now. But, as wraith is expected, the most will not sell the coin now, and who paid 350sats or 0,06+$ will not sell, this is for sure. One more pump and verge would be after that stable at 320sats, if not, it will balance at 288. We should not forget that workingdays are usually BTC/LTC and other big-fish coins growing, this will shrink verge maybe more down.


But, the whole market right now seems to be little silent, it could continue in a few hours. Evening in europe and price is still nice to buy in for longterm holders.


Nothing in crypto is impossible and XVG could go crazy, like it has shown in last few days and forward straight on...