Post
Topic
Board Announcements (Altcoins)
Re: [ANN][VRC] | VeriCoin | POS - NSDI | VeriBit | VeriSend | VeriSMS
by
ELMER_FUD
on 12/08/2014, 00:21:32 UTC
In case you have not noticed. Capital is flowing out of LTC as I type - lots of it.  If you as a VeriCoin community member know of anyone holding LTC, please encourage them to invest in VeriCoin. "Convert your LTC to VRC and earn 2.5% interest."  LTC is at 0.01 and falling, so the conversion to VRC would amount to a sizable wallet.

hey whos buying all the LTC then?

Market capital for LTC dropped $10M in the last hour. And close to $40M in just a few days.

Now now let us not get skewed with the facts.

VRC lost over 66% in 3 weeks time

LTC lost maybe 25% in the same amount of time.

Let's use a fair scale when comparing and contrasting...thanks! Grin Grin Grin

I've been reading this thread for the last 2 weeks and can't sit on the sidelines any longer as it's blatantly obvious that you don't really care about the facts and would rather twist them to serve your own VeriCoin bashing agenda here.

If you really want to look at the facts, the VeriCoin price as of May 20th (before the recent pump and dump) has lost less than 5% of it's value while Litecoin has lost around 40%.  We're entering the last stretch of summer and seasonally speaking, it's the worst time of the year for the cryptocurrency markets.  For anyone that was in the market at this time last year, they were bitching that their Bitcoin holdings were down over 60% after having hit a high of over $250.  A lot of us have already been through it so there no need to be so dramatic about it.  By their very nature the crypto markets are extremely volatile so it is what it is.  If you can't handle it then I suggest you get lost because this game isn't for you.  Perhaps you'd be better investing in Blue-Chip stocks, Bonds or CD's or something of that nature.

So I think it is better if we compare the today price with May 1st, in this case there is no loss at all ... but 600% gain.

The reality is that VeriCoin order book is 4.3 BTC at this moment in time at BitTrex, there is no interest in this coin at all, the price is dropping while other coins (that progress in developing new features) are doing well.

I think it has more to do with a lack of marketing than anything else.  Despite its having been in the top three cryptos (in volume) at one point during the last few months (which is how I initially found it), not too many people seem to know about it and even fewer seem to have done any real due diligence on it since much of the altcoin money seems to be going towards chasing pump and dumps rather than buying and holding altcoins with strong fundamentals.