Post
Topic
Board Speculation (Altcoins)
Re: Should I hold verge?
by
Yuuto
on 22/04/2018, 09:50:15 UTC
I bought Verge when it was 0.08$. But recent hype related to secret partnershit did not turn out to be a success as the price went down immediately following the official annoucement of the partnership. Now, I lost in BTC value around 30% as the price did not get to my sell order. Therefore, the question to pro traders, should I hold or get rid of that s’coin? Thanks in advance!

IMHO, verge team and commmunity are masters at creating hype out of nowhere.

I think it solely depends on what you think about bitcoin's movements. If you think that bitcoin will continue its rally and break the $9k mark or even the $10k mark, then hold. You've already lost 30% of your investment and cashing out now doesn't do much good. But make sure that if you do choose to hold, you dump it as soon as the price goes up drastically, and take the profits.

I don't see much point in holding verge in the long term. Other than short term pump and dumps, there is really nothing valuable about this coin. Hold XMR or ZEC if you want anonymous coins.