Bitcoin Forum

I was looking for some altcoins to use as an example of altcoin that actually goes up against BTC, and not only against USD (while depreciating your BTC long position if you had any, see my thread here: https://bitcointalk.org/index.php?topic=2641352.msg26890562#msg26890562)


Someone told me about Verge, which had an impressive pump against BTC:

http://image.ibb.co/jrHDum/verge.png


Sure, now it's crashing a bit, but cmon, this is insane, this coin was flaaaaaat for ages, and all of a sudden, McAfee tweets it and creates a multi billion dollar marketcap increase?

Does this guy's endorsed tweets have that much power to pump a coin, or is there any fundamentals that are interesting enough in Verge that made people invest as they found out about the coin? These volume increases are not even half normal. On Dec 11, Verge was a $100 million project, on Dec 24, it peaked at near $3.5 billion.... what do we have here?

 

Yep that was strange. Even went to their website trying to understand what was going on. The only thing that I have understood for sure that there are problems inside their development team nothing more.

I can only speak for myself. I had bought Verge, out of the blue 8 days ago. I didn't buy it because of him. I didn't even know he had pumped the coin until I checked my blockfolio. However I do think he did have something to do with the pump especially after looking at other coins he had pumped.

I think McAfee alone does not have that much power to pump a coin that much. Even before the huge pump, the price of the coin had been increasing for a few days, and McAfee's tweet may have triggered some chain reaction. I have some XVG as well, and these alleged problems within the development team have started to get me thinking about unloading the coins once the price goes back up again.

XVG was already on the verge of rising before McAfee started with the hype.I still XVG is a good coin and has good prospects for 2018.

Mr McAfee of course... no other real reason that I can see but Mr crypto telling all of the newbies to buy some

No, not McAfee alone, but a combination of several hypers. I actually noticed a lot of noise going on in the forum, mostly by newbie accounts with spammy history, and then I think Verge paid for a lot of press releases, as they came out over a few days on a number of new agencies.

And THEN McAfee came along and talked it up, and in fact a lot of the same news agencies carried that very news. I love anonymous coins of course, I have my own. And maybe Verge can be special, but other than a pump coin for profit? I do not think so, not personally.

It is a combination of the features of XVG and MCafee endorsement. With that scenario a coin usually pumped up. You still have to be very careful when buying a coin and do your own homework.

There are some rumours that he is getting 25btc every coin he twitter + 15% coin shares,he is a manipulator like roger ver the coins he twitted are being dump right now because of the BTC movements.

Price will not go back up again for sure as XVG doesn't have strong buy support, the biggest pump on crypto history gonna end up with biggest dump. Price has already dumped  hard in terms of bitcoin and it is still on free fall.

I might catch some at between 300 to 500 sat per XVG range.

So from the replies here, nobody has given any fundamental reasons other than a marketing hypejob. I don't believe in coincidences (well I do, but this is one I would not believe), as in, they probably paid some webpages to get some traffic going, then to trigger a chain reaction, they paid McAfee to make the tweet which made speculators go full FOMO. Other than this... nobody is mentioning technology, nobody is mentioning why XVG improves the life of their users, I see no substance.

I think he just doing big money after his tweets

I'm so tired of this guy - McAfee - he speaks so much... it seems to be just like you said...

I have not done to much research into it, but it doesnt look like disruptive technology so it is just another general coin to me. John loves to pump coins and lots of sheep follow it so I wouldnt be surprised if he was the sole reason it jumped.

I do not know what has to do with this McAfee. But my wallet has been loaded for three days - there's something strange about it.

He certainly played a part

Its pretty strange, I really have no clue why it got pumped. McAfee is an idiot and I dont think he can do magics like this to pump any dead coin.

Verge was going to pump one day and Mcaffe just pushed it over the edge. There was lots and lots of chatter about Verge before the twitter news. I guess its just a mix of a variety of things resulting in this pump.

It is obviously just a hyped only, And McAfee was not alone there is a lot of people behind it, it can be the group of pumpers who back up with him. But this is just only thought. However, xvg actually was a good altcoin but when the dev is not active it became silent then all of sudden it just pumped rapidly.

He has this "coin of the day" thing so every day he tweets info for different coin. Almost half a million people are following him, and big part of them are asking what to buy almost constantly. Maybe he get some % to promote  certain coins, but he is definitely able to move the markets.

I think, personally, that he most likely takes payment to promote coins and that he also is using his following to pump coins which he can profit from. Does one man have the influence to make a coin rise like he seems to? It wouldn't be the strangest thing to happen in the cryptoverse

 *purely opinion and speculation*

I believe with the recent surge of new people being introduced into the cryptocurrency market has played a big part in it too. So now they see someone like McAfee promoting certain coins, immediately recognize his name as "someone important," and it's somewhat of a brand recognition type of thing happening. Though, from my understanding Verge does have an upcoming update?

I think so. Its still amazing to me that there are people that still don't realize that Verge is a Dogecoin fork! Its crazy. I made some small gains from XVG but had I known the details surrounding it I probably would have avoided it entirely.

The question where would Verge marketcap be today if McAfee had not Tweeted anything. Probably where it was a month ago, and with a lot less people ever hearing about it.

I think it's all part of a powerful pump and dump a coin team that McAfee is part of. Rather criminal in that there will be a lot of unknown victims.

without a doubt i think that the crypto market is affected buy the sentiment indicator and somone like Mcafee's opinion does effect on a lot of the crypto community.

I think that verge took off on McAfee and the fuel was FOMO  :P

I've been thinking about this a lot too, and something conclusive I can say is that the market is changing (which doesn't say a lot and is just obvious).
I'm not sure we will see such a dramatic example as verge for awhile.
I think it was a combination of McAfee's tweet, new money that has been pouring in to crypto, and timing.

To me, I think the timing might have been the biggest factor, and I do not think at all that John McSCAMfee was smart enough to orchestrate it to such a grand scale.
With tons of North Americans and Koreans pouring in money starting a month ago, the price of btc was on an insane bull run.
With noobs, they typically start looking at alternatives to BTC to find the "next big thing".
They go to youtube and social media for answers and find John.
He tweets the thing, and throw in the timing of it being right before Christmas, and bam!
A shitcoin becomes a billion dollar company.

Well, in this case, verge isn't that crappy, but there are better and more established privacy coins out there.

You are absolutely spot on, noobs who feel like they missed the boat with bitcoin, instead follow an idiots advice like him, and probably a lot of them did well from it! Feel bad for those who bought at $0.25 though, verge won't see that price for a while I feel....

Well, less than an hour after I reply, John McAfee's twitter is hacked, sending markets haywire because of bots. Don't look to him for signals anytime soon.

I made a decent profit on verge (i was in early) and sold just before the pump , but i' m glad i did.

Hope he won't pick one of my 5 holdings ;-)

We must wait until the coin comes to its original state and buy it. If she so pampanula once, then now she will do it. The coin interested the community.

This is what I was starting to believe. I mean this is not anywhere near normal levels of shilling:

https://pbs.twimg.com/media/DSFnifJWsAAzu2k.jpg:large

If you want to shill altcoins, be more subtle, but this? c'mon, this is insane. This is just funny at this point. I must be a hack, but im sure he did shill some himself and got his 25 BTC. Then he will claim "woops, wasn't me, I got hacked guys" after he got all that BTC. I think this could be his exit scam to

1) End up with the BTC
2) Don't damage his reputation by being an altcoin shiller ("I was hacked guys I promise")

I think he is only manipulating the market with this coin of the day of a thing who knows if he was only doing it to pump the coins he has in his portfolios or something.

I don't really know about this but I know that when McAfee is trying to endorse a coin, he tends to affect the market of that coin. An automatic PUMP. Well, it is natural, he has so many followers and believers and for as we all know, that a coin will pump whenever many people are buying it.

I profited a lot from the explosion of Verge, but I dont think it was just McAfee. He promoted other coins and they did not gain as much. But yes it was free marketing, reaching a lot of people, so that along with a good coin does help, of course. Its the attention. There still is other good privacy coins as listed in my thread but yeah, a lot of it is PR/attention. People are always distracted nowadays from social media, fakenews, clickbait... So they barely research the coins and think/decide for themselves. So if mcaffee or someone else suggests a coin, it means a lot of people will check it out, and if they like it, they will buy it. I do still believe Verge was and is a great project, so no... Its not just mcaffee. Its the free marketing. You may want to look into Trump how he basically become president by PURPOSEDLY trolling the media/public constantly because he knows even bad news is good news.

Nothing worse than nobody talking about you/your project.

But I dont think Mcaffee could actually make a bad coin huge on the long run.

Haha I saw this. He was pushing like 10 different coins within an hour yesterday.Then he claimed his twitter got hacked.

Because actually his statement was he would only suggest 1 coin a week from now. It was a bit weird, first I thought he wanted to trick the bots but then he should have told the real people who read it so.......

I think the pump was not just due to McAfee. Because we also see a lot of pump of coins worth less than 100 satochis. Like DigitalNote, Dogecoin, ReddCoin. Maybe thoses coins had to be pumped? But Verge did pump much more than usual because of the tweet of McAfee i think.

He definitely has been pumping Verge..its down another 25% (https://coinpricetracker.com/coin/verge) today because he probably dumped at the peak.

I can't say it is only because of McAfee picks, but it help to pump the price, this just shows the level of sheep mentality in this space, do be surprise to see the price dumped significantly soon because the grow seems artificial

I like Verge, but I suppose that this pump was just because of McAfee tweet, nothing more. Of course it's not the natural growth. Frankly it's very pity that one person has so much influence to the whole market. It's not the way how it should be at the market!

Yeah dude, it's McAfee, that very smug son of a bitch. He tweets about a coin pretty much every day and that coin gets pumped. This happened to quite a few coins, one of the recent ones include burst which also had a price rise of like from 131 sats to 684 sats. That's fucking more than 500%. One more fact about XVG is that they have a shit team, so it's influence that's affecting the crypto market not the years of hardwork of developers,sadly. What's happening to the crypto world?  >:( :-[

Yea, I agree with most everyone in saying that the pump was triggered by Mcafee. I really don't see any other variables that could of triggered it.

I think Mcafee was one of the factors and he created hype and fomo that created huge attention for xvg, other factors include the bullish trend in the overall market and btc down trend.

I think so McAfee was pumped for verge once it's happened the verge tokens will be going and going up let's see what will happen at end.

I think some group of people are spoiling this crypto world and making a fool for all new users. I don't how many new users lost their money because of the last pump in altcoins. Now investors are not looking projects they are just looking price chart of the coin and investing. Verge coin seriously still I do not believe how this coin grew in just a few days.

Verge has a good future but that price jump was definitely raises fingers.

I was not aware of the fact that the pump of Verge has started exactly when McAfee has tweeted about Verge. Are you sure about the timing?

McAffee did correct/clarify himself. He did say he expects 15 cents for Verge, NOT 15 DOLLARS. As some people may have thought. And besides from that Verge did go back to $.15 already (up 30% today). Its not a bad coin, however if you supported early community projects as Zoin and Colx, maybe even Linda, you could still go in early as in the bitcoin days and not when a coin is already very popular as Verge is now thanks to mcAffee.

Of course the popularity of Verge will skyrocket any new developments like the coming update(s) so that might create even more hype :)

I think Yes and I think people should stay away from celebrity's tweets and advertisements because it will cause false demand of coins. People are eager to invest in order to get rich but if they're relying on Mr. McAfee's tweets then they probably loose their investments after few days most of the time it will never rises back to the highest bid.

Actually there's concrete relations on Verge's rise right after mr. McAfee's tweet and these people are very eager to invest the tweeted coin so almost money kept on their stashes were dumped to invest more Verge coins but Mr. McAfee's technique is when his investment is doubled or tripled he's going to pull it all and leaving young investors deficit until today. That's tragedy in my own opinion.

Whats your funda? mcafee twitted it,thats funny how people are conviced with his words,even they dont understand what the coin is they will still buy it out of nowehere.

No we can't say only because of McAfee pump verge is developing. they have been running so many campaigns from past years to raise the verge on there own.

McAfee is a well-known person with a comprehensive technology background. I'm sure people will have the same thought about it, they think he is a tech-savvy. When that people make a research and analysis about a coin, and he publicly share his opinion, the mainstream will blindly follow it.

I think partly mcafee contributes to verge to make it pump the price. Because some investors also looked into the project development. Verge is one of a good coin to invest and it is worth it.

Verge (XVG) pump is so popular, this is the power of Mcafee in the cryptocurrency, it was indeed only pumped from the word that Mcafee did but there's many speculations that the statement was paid for the people to have a panic buying on the verge for the coin to pump. But still, it is nice a remarkable tweet that everyone dives into it.

I still don't believe that John McAfee is so powerful that one single tweet from him can trigger a chain reaction which is worth hundreds of millions of dollars. He may claim to have information about cryptocurrencies, but most people don't agree with him, and those that believe him are not powerful enough to create a pump, in my opinion.

McAfee give instant effect from his twit, but Verge is great coin with focus on privacy so i can said with or without McAfee twit Verge will growing

It is obvious that McAfee has a big factor why Verge is pumped high, but it would eventually fall after the hype is gone. Just wait and be patient and you will see its real value.

I don't know McAfee is working commonly with bitcoin whales, but his effect on the pump is not inetitable. He really affected the trading decission of lots of people after his tweets about Verge project.

It seems like all of the really cheap coins have been pumping lately.  This one in particular has been surprising to me given the number of outstanding coins.

Yes indeed. Verge is not a very special coin and its pump is only related to McAfee. The question is the pump in all other privacy coins are related to McAfee? For example even Sumokoin is increased a lot recently, I want to know if this is related to McAfee's twits

advertising works wonders, especially correct advertising

He is doing this for a while now, to earn back his lost fortune! Over a time people will start losing trust!

That theory doesn’t make sense much. Verge had it coming for a while and it exploded finally. Of course McAfee made some impact but it wouldn’t be fair to say it’s the only reason for that’s rise.

It certainly didn't hurt that McAfee twitted it, also think the fact that it was so inexpensive that attracted people as one could get a bunch of it for not much money and then when it surged that fueled excitement as was the case with so many other coins this last December.

Yea, i think that pump is McAfee Effect. But Verge (XVG) is great coin. I believe Verge (XVG) can achieve 1$ very easily.
Buy Verge (XVG) and Thanks Me later 8) 8) 8)...

I think many people were watching Verge, but John McAfee gave the start signal, the spark it needed. This one man is popular and followed by many, but he wouldn't be able to influence useless coins in a meaningful way. Quick pump & dumps are always possible, but the way Verge grew was not only his doing.

I still think Verge isn't that great of a coin, but who am I? :D

It's a clone dogecoin with some existing features taken from other coins and copied and pasted into the source code. The smartest thing they did is renaming stealth addresses to wraith protocol. Nobody really cares about the tech, it's just a herd following the money.

He must have pumped it with his tweets. I did get into Verge because I love what it stands for. After going through  the white paper... It just appealed to be a great project...

Many issues affected the drop though.

Verge had a lot of good things going for it to begin with, however Mcafee is having way too much of an affect on the market for smaller altcoins right now. He really doesn't know anything about crypto. Heck, he barely knows anything about how computers work. Mostly he knows stuff like, how to kill your annoying wife and how to get away with having your dogs rip apart your annoying neighbor. Honestly he should be in jail, not shilling for stuff he doesn't even begin to understand.

This coin is very sensitive to different news. I thought that the cost of coins depends only on the ratio of supply and demand, but it turned out only because of McAfee)))

What will be the market cap if XVG reaches $1 USD?  Huh?

I do not trust John McAfee. I believe he has done very well for himself, and kudos to him for that, but I believe he does this solely to make himself money and/or famous. I don't believe he has good intentions for the cryptosphere beyond his own net worth.

I got into a small XVG position when I saw it going bananas on Bittrex. I had no idea it was even available there until I saw it as a top volume coin one day. And since crypto moving upwards parabolically usually results in a nice 5% gain I can hit quickly in and out of, I went ahead and did my usual. But after I did a quick investigation into what was going on, the XVG move had McAfee's fingerprints all over it.

So, while I would say that XVG pumped because of what John McAfee did, I would not say it was only because of him. I think he was a catalyst for sure, but not the only one.

Oh, and just a note from this humble crypto-savvy forum noob. If you see a coin pumping parabolic 2 days in a row, for the love of all that is holy, get out of that position or at the very least don't enter a position. You're only asking for trouble buying in at the top of a pump.

Verge did pump because of mcafee but the coin in itself has some great opportunities. what went wrong is the communication was a bit bad and people started to panic because of the wraith release. and once you lost the trust of you followers you are going to have a hard time. its up to verge to proof them otherwise and then people will return in my opinion

Well he isnt in this to know about crypto. He is in it for his own personal benefit, pumping whatever he is into or gets paid to pump. He got experiences with this from stocks already. I disagree he has much influence on the market. Most of his other suggestions barely moved lol. People just really liked Verge. Of course its overpriced now and theres better, small privacy coins like Zoin, Linda, Colx..

At the first YES. Second is on the wraith protocol of verge. Since they announce that they will releasing wraith protocol, the price goes up so fast then when they did not succeed to deliver the wraith protocol on the exact date, the price of verge dumps. How sad is that.

I don’t think that one guy can pump the currency like Verge. Maybe this is purposeful policy but this is the doing of McAfee exceptionally. Here must a team, a group of developers or holders who wants to expand the money stack.

Well wraith was always a joke to have some unicorn in the future to look forward to. And it was supposed to come in september. But really its just a stealth adress and Verge got 1 dev only lol. See something as Colx it got 200-300 devs working on it according to github, so which project would you trust if you looked at it UNBIASED?

Also if verge had brought wraith in september as planned, i bet they would still be at $300m market cap or even lower. It makes no sense why the market would reward delays. But its just hype, hype, hype, thats why I rather go in low coins that dont have the hype yet but will probably get it at some point for my next x50.

I know McAfee and his antivirus program but not his as personality.
I can imagine him buying some thousand of altcoins and then announcing them as Crypto-currency of the week/month.
Trading is just business and he is a businessman. He is making quick money taking advantage of his popularity.
I don't say Verge is a bad investment.
A good question would be, what is going to happen after a month or two when new altcoins have been announced.

No doubt McAfee's tweet played a big role in pumping of VERGE. This coin was dead for ages and approximately $ 100 million project boosted to $ 3.5 billions.

Verge was always a good coin. With or without the McAffee pump, it deserved to be in the top 20... I had bought verge before the pump. I am still holding on to it. I am looking into buying more buy it hasn't been dumped into a price I am willling to buy at. So I just I wild hodl for now.

There is already better Coins as Colx, Zoin, Linda which can still go x100. There is nothing special about Verge that justifies its extremely high market cap. Except for noobs hoping it goes x50 again. If you want x50 you need to go in projects with low market cap as the 3 just mentioned ones.

All my x50/x100 was from cheap coins like Dentacoin, Verge, Tron.... Sure they may rise some more NOW.... But they may also drop..... While for the smaller, good quality ones there is no other way than UP.

McAfee is just a person who pull in a pamp, dump

I haven't been keeping up with McAfee (lack of interest since he's purposefully manipulating the market it seems), but has he promoted any other coins? How have they done?

Many coins did, because of McAfee, I do not even understand why and how are people buying those from him or believing anything he says about cryptos, I was just lucky that I bought verge at a lower price but did not really know about the thing about McAfee.

Is that true that their website also surprise? LOL
i think also that the price spike is because mccaffee and i dont understand why people follow macafee. It is strange

Kinda. McAfee is more like a PR guy who help thousand people know some under radar coin.

I'm still at a lost here because I bought it when people are pumping it now it's been three weeks but I have not make a profit here my only consolation is I only bought 740 Verge not really a big lost, but still hoping I can double my profit by holding verge.

Correctly said. Dont believe McAfee and make buying decisions. Research and Research! Telegram groups will give you good picture of team and interest from the community.

had nothing to do with McAfee it takes time but in the end it will go.

It could be very possible that McAfee is just using his own money to pump the coins up to make his social fanbase larger.

I was surprised to see that pump but in my opinion, McAfee isn’t that much strong to induce a pump like that but still it happened and I believe that the main issue was in the team.

This is the combination of the features of MCafee and XVG endorsement. Due to that a coin usually pumped up. But still one have to be extra careful when buying a coin and do research well.