Quote from: OPTiK on May 07, 2014, 05:55:26 PM

Quote from: rsx19 on May 07, 2014, 05:35:07 PM

Quote from: Maestro1 on May 04, 2014, 12:40:58 AM

VertCoin will explode in the coming months.

what we said months ago? lol

Looks like someone really wants to keep the price down right now.

It's just some new coins that are out there that temp people to stay away or sell out. I was predicting a fall/flat months ago, after the hype of the whole ASIC resistance thing. When ASICs come out, VTC would really be what the hype at the time thought it would be. I explained this in an earlier post this week:

Quote from: Maestro1 on May 05, 2014, 06:39:38 AM

Let me tell you what will happen when ASICs are mainstream:

ASICs will rule the Scrypt mining ecosystem, the same way that they do on BTC now.
The difficulty of the Scrypt coins will increase, whereas the number of people who mine them will decrease.
Those GPU miners will leave Scrypt for the **ASIC Resistant** coins, such as VTC, UTC, EXE.
The difficulty on those ASIC Resistant coins will increase, so does the number of people who mine them.
As demand for Scrypt coins goes down, the price also goes down, because even though difficulty is high, it's still **really** low per the number of people who mine them.
Multipools will dump Scrypt coins to buy ASIC Resistant coins or PoS coins, but in the meantime, the difficulty of those ASIC Resistant coins is high with a high number of miners, this would derive their price high.

=> Investing in ASICs = Buying expensive hardware to mine cheap coins, in order to swap them with expensive coins. Bad investment. I think GPU mining will NEVER be more profitable than when ASICs come out.