Quote from: sammart57 on February 18, 2014, 02:27:10 AM

Quote from: mega on February 18, 2014, 01:53:09 AM

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If been following these posts for about a week now and this is my first post. Hello fellow verters :-) I'm from the UK.

Makes me laugh how people who have invested in this coin don't understand what's happening here and continue to think 'short term' despite taking in everything that has been posted in this forum. The mining profitability is too high right now. People also sell to buy at a cheaper price because they are relying on the continued fall. The whale who is buying in these quantities clearly values the coin and expects it to rise in the future(Again i see this as a positive) Why can't people who hold these coins just show a little patience. Buy if you can or hold. (I'd suggest buy). You are being given an opportunity to make more money when this coin really takes off. People posting stuff like 'It's gonna go below 0.002. It just creates panic and more people will make the wrong choice in bailing. Best off keeping those thoughts to yourself. It benefits noone.

Fortunately its not going to stay this way. I've observed a lot of different views on vertcoin all around the web and noticed there are a lot of people wanting this coin to fail because they see it's a threat.... Personally that pleases me.... I couldn't care less what the price is at now... I care what it's at in one year... I know nothing about mining and am no techy but I am willing to help you devs where ever I can to help bring Vertcoin to the next level. It's in my own interest afterall. The currency exchange and amazon Digipay is very positive for this coin. Anyway keep up the good work guys. Stay strong

+1

This post reflects entirely what I think about this coins.

90% of miners are at altcoins just for the short term / fast profitability. I don't blame them. Everyone is here for the profit. BUT, vertcoin is not like other coins. Vertcoin, as I truly believe, is here for the long term -to make a change in crypto's and is threatening a lot of people. Proof of that is that big "whale" buying thousands of VTC's by the day.

Guys, if you feel this coin as potential, keep on it. ASICS are centralizing the cryptocoins, therefore, we need this. Remember, a coin its not just about the dev's. A coin is the community. And we are here!

Im not holding... I'm believing!

well whoever this whale is, be it some private investor or cryptsy (which I almost half believe it is)
whoever owns all those coins dumped some serious cash into them.. think about this, people.
at $3 per vertcoin, (average between $7 and its current price) this dude has spent over $300000 usd on vtc.. either he knows something the rest of us dont, or hes gonna pump the hell out of it to make a profit once he has a significant share to alter the market... meaning to see a slim profit, vtc needs to be at $5-7 per.. for him to make a significant profit (double his money) vtc needs to be at $10-14

I cant see someone willingly throw $300000 away for a "junk" or cheap p&d coin.
people with that kind of money usually only spend it on things that will make them MORE money.. not less

if this whale is buying in order to profit. im hanging on for the ride.

either that or its a scammer/hacker address
or some billionaire playing day trader and not really giving a crap about losing a few hundred k.

im going with the first scenario, it makes the most sense to me.
be patient people... something will happen eventually and it will trigger a massive spike in price.

what caused the big price spike this month?

What you say here makes a lot of sense. This could just be someone who wants to make a killing. Why would a competitor spend all this money and time to try and bring down one of so many alt coins unless of course it really is a threat (who knows). We can't control it. I'd like to concentrate on things that we can control.

You can bring down the price of gold but it's still gold at the end of the day. That would just be delaying the inevitable...

I believe that being a new coin, Vertcoin took off too quickly and as much as people don't want to hear it... It is re-adjusting to the path it should be on. I got to admit i'm not over the moon about buying up when the price was higher but I understood the risks when I did... I was always in it for the long haul. You can't take a leopards spots away though. This coin has something others do not. I'm looking forward to it's continued development through the us and downs. I BELIEVE.