and the power of investors that come with jl777
That power is lot less than what was promised and expected. After the great speeches and the promised endless access to infinitely rich whales the price couldn't even break 20k, and VRC started from a very low volume and very low price of 10k.
I would never do the bitching and complaining if the price rise, but as the price is fluctuating around 15k and going nowhere, better to ask where is the promised buy support of whales and not to celebrate what is not there.
I am not a pumper and I never promised instant 10x on price. That is not how it works. BBR was a special case as its price was artificially lowered, so there was a snapback to a more normal price. Adding value takes time, but the 50% gain indicates a fundamental revaluation has occurred and from here what is wanted is a steady gain of ~2% per day
The rapid gains are speculators who will just sell at a profit. The way to get 10x long term is with 2% per day. This is what I work for and what I have done with BTCD. The base rate was higher than 2% there, but this is because it started at 100K marketcap, not $1 mil. If anybody doubts the power of 2% per day, do the calculation of 1.02 to the 120th power
This is a four month timeframe of boring 2% gains. Not everyday will be a gaining day, so we need 120 net gaining days of 2%
dozens of new investors are watching VRC very closely now. They are providing buy support that creates a stable base needed for the steady gains. I know that you know that $1 mil in marketcap doesnt happen without investor support.
There will be a time for some more active price movements, but for now, it is important to stabilize at a new floor. usually a week, sometimes two.
So the price is going to stay around here for while. I am surprised you are complaining. Have you looked at the long term charts? 10x volume and 50% gain, we are making a flag pattern on chart as the initial buy panic is oscillating around this level. .00015 is a perfectly fine range for this stage.
To create a long term price gain, you need to be gaining new investors without losing existing ones. This happens in cycles. Like climbing stairs. Any sudden rise is always followed by a drop, the key to note is where the price is oscillating around. Once the long term stair step pattern is created, then investors will learn to wait to buy at the bottom, maybe sell a bit at the top if they are keen for the excitement of daytrading. Of course the HODL is the best strategy if you are thinking in 6 months the price is much higher.
So we have to be realistic and satisfied with steady progress in price. When the new releases are coming out, that is usually when the next step up in price happens.
James
Fair enough, what you said makes lot of sense.
I guess, I was just trying to squeeze out more from the situation :-))) not that I want to sell as I bought a reasonable amount even during the last few weeks when the price was at 8-9k and in the meantime I sold a very little during the weekend, and I am sure many VRC holders did the same and did buy during even the stagnation period, but we long time VRC bag holders already bought as much as we could, we have been staking and we need new investment to flow into the coin. Not that we want to day trade, but to keep the momentum going. Besides of that, just like in professional golf or football the winning take care of everything, in this business the raising coin price take care of every problems. But it seems you know that and you are acting to get there.