Bitcoin Forum

As Verge recently experienced an attack, many people have been expecting it's price to go through a major correction. However, XVG/BTC (https://cryptocoincharts.info/pair/xvg/btc) markets experienced gains of 5% over the last 24 hours (https://cryptocoincharts.info/pair/xvg/btc/hitbtc/today). With the attackers that exploited Verge's vulnerabilities holding millions of coins, should the coming of a selloff be considered imminent?

https://i.imgur.com/7eNemOF.png (https://cryptocoincharts.info/coins/show/xvg)
https://cryptocoincharts.info/coins/show/xvg

Nice charts you have there. However, i disagree with your outlook on Verge.

The attack is over and the value hasn't dropped because it's a solid coin that is too big to fail. With partnerships with the porn industry, i doubt they will simply let their stock fall. They have found and will continue to find ways to stay afloat and will probably see a good turnout in the long run. Hold Verge.

No one can exactly sure if the attack is over, maybe it will happen again.
Yes that's true verge is a solid coin and it's not easy to put it down. Hold it because I believe it will growth more.

LOL, MAYBE it will be attacked again?
Hah what a moronic statement. As long as Verge's code is garbage and it is going to allow free coins to be mined it will be attacked forever.

Duh free money will ALWAYS be taken when available and XVG is nothing but retards giving up their hard earned cash.

I don't know why some people are still talking this project serious, unless the team go back to basis and write a new code, one way or the other another vulnerability would be found and exploited with time, the problem I have with most of these ICOs now is that they are only concern about money and not the actual platform development

This attacker knows how to trade, he is probably waiting for an entire market bull before he sold what was exploited. He has strong hands, and he knows if he dumps it immediately, he wouldn't benefit from it, or probably selling bit by bit already, sipping nice margarita in a boat. Who knows but I don't like Verge, honestly.

Verge got 51% attacks twice in a span of 50 days. When it happened first they did Hard fork to not let it happen again, but as OCMINER said, the update was not the solution. Then the second attack happened a few days back. I don't know how could they let this serious mistake carry on.?

They lost nearly $2.8 Million worth of Verge, that too because of transactions velocity. If you can't handle multiple mining algorithms on PoW consensus, I think they should roll it back to one algorithm, whatever it may be. It is clear that develops have little knowledge about how to fix it and This attack can happen anytime attacker wants.

It is just up to the attacker to decide, as there is no robust solution provided by the team.

I would rather suggest investing in other currencies like Monero and ZCASH if you are looking at privacy coins. If you think of privacy as priority MONERO is best, for privacy with Usability of token PIVX is better.

I don't see the point in investing in VERGE, even government is not considering VERGE as Privacy coin. Example Japanese Government did not ban VERGE from Coincheck as part of Privacy Coin Ban.

Before the storm came as verge was calm to receive my own bouts of protection that I knew that I would panic but there is no way I would receive it in the most peaceful way possible. and how about you??

I do not think that the price for Verge will decline further. The chart looks good, the coin problems on the chart are not reflected

I am really surprised at the price of Verge, this coin got hacked so many time but the price doesn't go down much, they probably have a really strong community.

I agree. The Verge developers should become more competent.

look at the graph you can send also if you try to sell it some coins you have only a slight increase 3.62% chances you get a very small profit but if you are more patient just wait for the next few months predicted to balloon.

That is too much for me. Another attack so soon. I sold my Verge with a little profit. DYOR

I am not a friend of verge and I will not buy in anymore, I already made a lot of profit when I bought it at 40 satoshis and the price is still to high in my eyes. They got hacked a second time and that looks really unprofessional to me.

just goes to show the true colors of this market. no one cares if something actually works or whether it's totally ruined. if they can sell it for more than they paid for it then they'll carry on like everything's fine, and in essence it is.

verge have some problems in security
it takes time to restore investor confidence

Yea, compared to monero, verge is completely trash coin. Their strategy is stupid and now being hacked. Why people are still asking about this trash?

I know a lot of people who have lost a lot of money on this coin. I'm glad I got out while the going was good. However people's who TA i trusted called for another pump right before it completely exploded in on itself.

Much better privacy coins in the market methinks.

Verge it's not that coin you should trust. And over time it, like many, will simply disappear from the market. There are only about ten most stable coins, the rest either pumps or shitkoins.

Any retards still buying this shit?

Verge was never a stable coin, and even a leader among coins with a good volume of trading. So do not see us a significant rise on this coin. So the limit of her dreams is 3-5 dollars.

Yeah! Retards are still buying the shit. At least it is making attempt alongside other altcoins presently trying to breakout to form an uptrend. I really wonder how long before some people started knowing this is just a shit coin and everything about it is usually a manipulated pump. Like you said initially, if any retard wants to give up their hard earned cash, that is their cup of tea.

Calm before the storm might be a good phrase to use here. But with the storm being the bad thing. The price is somewhat stable but eventually people will start to realise XVG is going nowhere and pull out their bags, I can see it falling back towards 50 satoshi or less.

What planet do you came from? I guess you're not from here. ;D
Seriously? Don't hold for a thing that you knew in the first place that it's a shit or you're just holding your verge until it become more shit. I'm sorry but I don't get it why, or should I conclude that you're a fan of pornsites and you've been enjoying your verge on their premium plan. So tell me.

Honestly, that verge collaboration with porn sites had just ruined everything for it.

I dont see any future for this coin, sorry to say that I own a great deal of it as well but as soon as the price goes up a little i am planning to get rid of it. Nothing is happening with verge except news regarding successful attacks and pumps and dumps.

I think recently some positive news are comes in the market so you are not aware in this platform. Verge was accepted in PornHub pornsites so it will be start a good move in this platform. Majority of human being is spend in this sites so as soon as possible crypto will accepted most of the sites and verge is start a first career.

Maybe yes. I bought a XVG with 0.04 and right after that I was a real barbecue. I lost faith and did not care about XVG ever since. Can not blame the downtrend trend since the beginning of the year. But there are traits that I suspect it is a real pump.

yeah agree with you initially it was the MCAFEE pump that got verge into everyone,s eye and we saw the massive pump and then over the time, the whole pump was sucked with bad news coming on a regular interval. I suggest to stay away from this coin there are many other good ones to look for.

The McAfee pump made a lot of people buy at the top and are now stuck with a pump and dump coin. The hack allowed criminals to obtain millions, so when the market recovers they will dump it back down again. For a good privacy coin pick something else at the lower end of the market cap spectrum

Very nice growth for 2 days, congrats Verge hodlers. On current bearish market I'd say it's almost a good storm. I don't see huge price swings on such market anymore.

I open this thread about Verge:

https://bitcointalk.org/index.php?topic=4995413.msg45059916#msg45059916

But it seems no one cares and know nothing about the current developments that will push the price of the coin.

So I hope that those who hold this coin is very happy with the recent news and the price spike in the last couple of days. Not just Verge but the whole altcoins seems to be recovering now, perhaps this is the start of the rise of the market again.

 Accepted in Pornhub is a great help to increase the users that will create a push to its value, Verge is like a shit coin but with this development, it might change the whole story.

Haha seriously? I bet you're a fanatic of porn sites and will taking the advantage of verge to avail their premium plan.
Unfortunately, it won't change the whole story and just worsen the position of verge in the market. Last year, verge was just sleeping and suddenly woke up by hype and you know what happened to a coin that's just made of hype, it's more likely a bubble that burst out instantly. So wake up.

I'll put my hand up and say I lost a lot of money on Verge.

Reason being I felt that the porn partnership would help lead to mass adoption. Gambling and porn were two of the industries that skyrocketed use of the internet in the mid-late 90s and helped drive mass adoption to every other industry that now does most of its business online. I feel like these two industries could do the same again for blockchain, as they are both slightly niche and frowned upon markets (in some sectors, though again the internet helped a lot with changing that).

I think longer term Verge shouldn't have too much trouble re-estabilishing itself. It's had a shocker 2018 though and really needs to rebuild its credibility in the market

https://image.ibb.co/fucB9e/Screen_Shot_2018_09_05_at_3_29_11_PM.png

Verge still not making a significant gain. And they are still far from their last all-time-high, guess what, its December 2017. Yeah, I have to agree that it just created a bubble that didn't last and burst out the moment when investors realized they needed to cash it out. And as someone pointed development on Verge, it is still not enough to push the price if that's what they expecting.

VERGE is one of the most interesting anonymous coins and I think that it will grow as fast as last December