Why did this announcement (which was right on time according to the countdown) caused a dip on VeChain's value? It seems to have stabilized, but I thought it would cause the price to go up. Maybe it will rise quickly from here, so it might be a good time to buy some VEN right now, I'm not sure.
Yeah, its a good question. Me as a VEN tokenholder myself i saw the news as very positive. Clear 2 coin system that ensures that tokenholders are getting dividents from just holding the token. Remember, most of the tokens are just that, tokens. Theyre not shares of a company. But now like Neo has Gas, Vechain has Thor power.
Add to that the numerous huge partnerships and for me its a case of hold for the mid-long term.
So why is the price dropping? I dont know, whales? Or maybe just us normal people are too used to pump and dumps without thinking of the infrastructure and the real potential behind each coin and follow the "sell high, buy low"-mantra too much. Modum, wabi, walton are ofcourse competitors in the same field. But its a huge field! And its a field that i think we're going to see the first serious in real life adaptations of the blockchain on a bigger scale.
Quick read from a couple days ago:
https://steemit.com/iot/@neo12/top-eight-reason-s-i-m-buying-vechain-ven-vet
Happy holding everyone, whatever it is that youve decided to hold!
