Post
Topic
Board Announcements (Altcoins)
Re: [ANN][VRC] | VeriCoin | POS - NSDI | VeriBit | VeriSend | VeriSMS
by
barabbas
on 29/08/2014, 01:30:48 UTC
Which one is the better investment Crypti or Vericoin? I like both coins, but the Crypti community predicts skyrocketing Crypti performance and stagnation for vericoin. What you guys think about vericoin price for the next 2-3 months? Would you invest 10 BTC in vericoin right now or better to wait for the floor?
I like the direction of the coin. I bought 6 btc when it was around 25k once I really looked at the coin. I have slowly been buying since. The devs transparency and honesty helps the coin in the long run but also hurt the coin in the short run. Like warr1979 said it was gearing up for a good hard run but Mintpal.....

The thing about crypto is time moves different. A week is like a month. A month is like 3-4 months. Good things will happen and the Mintpal crap will be forgotten soon. Another thing about crypto is what doesn't kill a coin only makes it stronger. Enough believe in the coin to keep it strong. I am sure the devs are in it for the long haul. Keep a coin strong and fresh and like a tree it will grow.

I am not telling you to invest. I don't give investment advice. I pushed the buy button and I life with the consequences whether good or bad. I either blame myself or pat myself in the back.

I don't think you are saying what warr1979 is saying (not that it would make much of a difference because both things are exercises in absurdity, but just to clarify things). If I have understood correctly -and I know I have- he blames the Mintpal "affair" for having DELAYED the otherwise plentiful slew and magnificent releases by our dynamic dev team...

You, on the other hand, seem to point to the MP "affair" as the cause of the derailment IN PRICE of the coin, that was "gearing up for a good hard run..." instead. Just to make things perfectly clear, when VRC stopped trading because of the "affair", it was in the 37k level, having been recently above 43k and just days before touching 58k. When trading resumed, VRC traded for quite a few days in the 34-32 region. Subsequently, a very, very, very slow downside spiral started, without any rebound. In no way, shape or form it can be made related to the MP "affair". As a matter of fact, the fall from the low 30s mirrored that of many other similar coins, particularly BlackCoin -that still mirrors in price behavior- and NAUT.

So very wrong on both counts. The MintPal "affair" did not delay anything at all, not even the vacations of the dev team, and in no way was, even remotely, the cause of the monumental sell-off.

Just keeping the record straight.

You can like "the direction the coin is going" just like you may like the color purple. You are just another bagholder who tries to convince himself it's oke to remain invested in it, but this coin is going in NO DIRECTION WHATSOEVER, none atm.

And hasn't been since launch, by the way.