I'm willing to wait the 6months to a year to make my money back and profit. The DEVs will continue to work on this coin as price was and is not a motivating factor for which they have proven time after time. Which I totally agree with even tho some might not.
They continue to innovate and there is a lot of stuff in the pipe that people are not aware of. Stuff that will be ground breaking and be a first for any coin. I will not comment on these projects because I've been asked not to, I'm still buying more because of this.
Bear in mind guys we have a lot of new investors in this coin who are excited about Vericoin and see the long term . Just look at the staking 19million, that is the highest it has ever been even during the hype and high price. Check what other POS cons are staking, that tells a story in its self.
The "majority of coins staking" thing does not give me reassurance that the price will recover. In fact it makes me more worried that VRC holders are basically just bag holders now that are staking their coins.
That makes me worried that there are only a small percentage of the total coins being traded on exchanges, and still the demand can't keep the price up..
If anyone can explain why my logic is flawed with my concerns about this then I'll be glad to hear it. But until then, this "look at the staking amount!" does not reassure me.
The only thing that will reassure me is if the devs actually release something, or make any sort of announcement or set a date for release of something, anything.
You do realize that staking secures the network, that is the whole point of staking. I'll give you an example, RDD coin was 51% attacked because no one was staking there coins to secure the network, feather coin, etc.
I know you are worried about price less volume on exchanges less coin to trade. Wouldn't that create a scarcity? So a big announcement or release would happen with damned for Vericoin? But there isn't enough to go around, what would happen? Serious question...
You cant ask this guy a serious question bro, look at his pasts posts he is the creator of winecoin. Most of the time he is barely speaking english