Quote from: ELMER_FUD on August 12, 2014, 12:56:24 AM

Quote from: altcoinUK on August 12, 2014, 12:29:44 AM

Quote from: ELMER_FUD on August 12, 2014, 12:21:32 AM

Quote from: altcoinUK on August 11, 2014, 11:59:50 PM

Quote from: ELMER_FUD on August 11, 2014, 11:42:07 PM

Quote from: smoothie on August 11, 2014, 11:21:02 PM

Quote from: onsightit on August 11, 2014, 09:11:03 PM

Quote from: FryguyUK on August 11, 2014, 08:59:05 PM

Quote from: onsightit on August 11, 2014, 08:54:07 PM

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

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.

I would disagree with that. First I thought as well that the key is the marketing, that's why I was disappointed that the scammer wizrig didn't come through. But other coins even do less marketing, they don't have hangouts, the devs didn't go to conference, there are not such active community like the vericoin ... so it seems not the marketing is the key. I think the issues are
a) the wrong features have been delivered
b) no real development lately, they are working some meaningless features like iOS wallet
c) no progress in blockchain 2 development and the market clearly rewards coins that develop blockchain 2 tech

Aside from what wizrig failed to deliver, I don't think that any of the things you said really equate to marketing. Yes, they're building a strong community and the DEVs are visible and eager to answer people's questions but the little bit of marketing that's been done seems to have come more from the grassroots level and not from any sort of advertising campaign or anything like that. That's fine with me, though (as I'm not really looking at my VRC investment as a get-rich-quick scheme but rather one that will consistently grow over the course of time.) I also have to say, though, that I don't think that they're going about it in the wrong way because it's quite apparent that a strong community is what seems to attract people the most, as opposed to marketing ploys or things like that. It will probably take some time but from all that I've gathered thus far, the devs are serious about making VeriCoin one of the top coins so I'm more than willing to wait and see (and I'm actually impressed by all that they've accomplished thus far, given the very short period of time that VeriCoin has been around.) You also have to realize that from what they've hinted at, that they seem to have other things going on behind the scenes which they aren't willing to publicly talk about for the sake of keeping their ideas from being stolen by other altcoin development teams, which I think is a smart move in and of itself.

The vericoin devs are really nice, honest guys, but I am not sure if they are good enough to deliver new features never mind take this coin to the top. I really thought they are that's why I bought in, but they couldn't even deliver a decent wallet, the code base is an LTC copy/paste nothing original in it, and which is in my opinion matters (or at least give a chance to turn this thing around) they are nowhere in developing a blockchain 2 feature into the application. I would really like if the honest devs could achieve that top coin plan and could get on with the work, but I am not sure if that will happen. We will see, but it is less and less likely that they can compete with guys like Peter Todd never mind the Ethereum team.