Post
Topic
Board Announcements (Altcoins)
Re: Vertcoin-Adaptive N-factor Scrypt-No more ASICs-[EXCHANGES/AMAZON/ATM/MERCHANTS]
by
XTR
on 17/02/2014, 03:22:52 UTC
VTC just started to grow when the BTC panic hit.  The VTC name still isn't that big so it's not going to have much buy support while this whole panic is going.  For just an example, say 100 people are buying and 100 people are selling crypto, BTC price tanks due to flaw in bitcoin (https://bitcoinfoundation.org/blog/?p=422) so now people are nervous and it's 150 people selling and 50 buying.  The new VTC coin doesn't have much of those 50 remaining buyers because its too new and unpredictable in a currently heavily unstable market.  It seems though as explained by Boris previously that some big players are taking advantage of this lack of buy support and lowering the price slowly and steadily to hoard a massive amount of coins probably waiting for this BTC crisis to be done with.  It is way to soon to make assumptions about this coins demise with the current state of the market.  Though most of the above is my speculation if anyone cares to toss in their opinion.

Regardless of anything above,  I've settled on this coin because I love the idea behind this coin and what it wants to accomplish along with the outstanding community support.  I'll continue mining this coin regardless on how long it takes to succeed because I think the idea behind this coin is the one I want to settle on.  Everyone has different views on crypto including just trying to make some money by mining what is most profitable and I don't think there is anything wrong with that because it's a market with money to be made like stocks but every now and then a coin comes out that might actually continue the original idea of crypto to create a solid, fair, and secure virtual currency that can be used for goods and services which I believe is Vertcoin.