Bitcoin Forum

hi guys do u think XVG is scam ?
a few months ago XVG price was 220 sat
and now 120 sat and i guess it can fall more
a lot of investors bought at +200 sat and they
are in big lost now u think devs are selling
their coins ?

I think the XVF is not scam in fact is legit and its good project can also tell that longterm and potentially these altcoins know why the price of xvg has fallen is because of its impact on bitcoin price and we know that when the price of bitcoin falls somewhat, the price of altcoins falls somewhat and another reason for the fall of the price of the xvg is because of pannic selling then it also affects the price of xvg then the price of the xvg is in the 50s and now the price is so high that luck prices are cheap and hold up so far as they become profitable.

XVG has very low value and John Mcafee shilled it and it pumped hard. In my opinion, it is the same shit token, it was back then. It doesn't offer anything.

This coin was the one that partnered with pornhub correct? Not following this coin but you may be interested to see this article.

https://captainaltcoin.com/verge-xvg-team-accused-of-being-frauds/

Its XVG not XVF some kind of typo error dude basically I dont considered XVG as a scam since its listed in some big exchange site in the market but the one thing that I hate XVG when they announce in their AMA the partnership to  Pornhub this is not a big partnership that everyone want to hear haha.

Your topic is quite funny xvg is not a scam coin,  it's just that the way the market is going that's why,  we are still in bearish season so the market has not stabilized,  xvg ain't scam bro

I can't say it is a scam because I don't really follow their development. But, I can say that the real value of this token is reflected by the current price. This token has ever been pumped, everyone joined they hype and now this token back to where should it be. A value of token should come along with the development.

XVG has been around for quite sometime now and even made a lot people millionaires and Never has it been pronounced scam. Unfortunately, just like most coins, the continuous downward trend in the market has led to it being labeled as a scam, I still think it has a lot of potentials to recover and do another upward trend.

All coins can drop in value like bitcoin, no coin is excluded to this, and the coin dropping in value doesn't mean it's scam, developers have the rights to sell their own coin because they own it, and mostly developers vest their coins for a year or two.

Lol so every fallen cryptocurrency becomes scam?what about bitcoin that has almost $20000 value in December of 2017 now sits only at $5k is this also a scam?

I believed this is not a scam because the movement is normal,but what i  thinking ia this is another shitcoin and.pumped and dumped

Yes, John McAfee help the coin to surge back then but XVG is not a shit or scam coin. However, the reason why the coin don't have enough reputation with support was because of the concept behind it creation(it was purpose for anonymous fast transaction and it not a private company funded by pre-mined coins or ICO's) and we both know there's a lot of coins that offer the same services. Besides, it just like others smart contract/DAPP offer project trying to take the number spot from ETH.

Mind you, the community support Monero than the coin in subject and my advice to OP is to always check the concept of a project and the others project which are already in the field before investing.

Dogecoin Dark is not a scam. Why not use the real Doge instead though? Much fast, much cheap!
Well XVG is cheap and fast too, but still if I remember correctly it was 51% attacked twice a year ago :-\.
So why you should trust this chain when trust shouldn't supposed to be needed in the first place?

i don't know a lot about this coin
but, you said this coin is a scam because the price was decrease buddy ?
seems thats not a reasonable reason for me, i think you should give us a good reason, maybe a bad news coming to this coin, or the dev gone etc
so you can called this coin is scam my friend

If you care only about price then we can say that also Bitcoin is a scam because it lost 70% of its value.
Verge is very similiar to Tron because both CEOs are shilling their projects more than needed.

It's not a scam, it's an unfortunate victim of fomo and over reaching trading.

At the time when McAfee shilled it, prviacy coins were seen as the next "big thing"
There was a lot of talk of regulations and stuff so people thought that privacy coins would become more valuable.
So people were scrambling to find an undervalued privacy coin that would blow up.
McAfee tweeted that he had high hopes for it (this was during a very bullish crypto season)
Then, it all combined together and it did blow up.
It went so ridiculously high, check it's growth charts and history its insane.

But, ironically, that is what doomed it.
Nothing can maintain that kind of growth, not in stocks, not in real estate and definitely not in crypto.
It crashing is a result of the overall market crashing but also itself becoming a victim to supply and demand.

I don't know if it is a scam or not because I didn't follow it up and so I don't have any prove whichever way but, the fact that a token or coin has gone through hard times and depreciation of price is not avway to know a scam project since they are still existing and remember that many coins also dropped in price and are just picking up.

I think that after this coin entered into a partnership with some porn site - even then I was not interested in watching these projects. even then I realized that this is a project in which people don't need to invest their money

If we should judged all ico by price then virtually all altcoins are scam because almost all of them are trading below their all time high, the market condition has affected price of altcoins even the number 1 cryptocurrency bitcoin is not left out.

no its not scam.. it's just pump and dump coin  ;D after john mcafee announcement it was pump, but then again the price went down

I also don't think is a scam, and at that time when something happen with miners and a lot of coins was generated the coin drop a lot on price, but is not a scam.

10 satoshi is to much for xvg. If you want a coin like xvg buy Doge. Much cheaper much better.

It's not a scam but a shit coin. It has several issues in its codebase and has been 51% attacked on it several times. Their blockchain isn't a secured one. I would never put a single satoshi on it.

I think a lot of factors that can cause a decline can occur because the market conditions are still unstable or maybe someone in a large scale sells all of those coins can impact the price, for dev selling coins can but if that happens surely some famous exchange Delist against this coin but for now it doesn't happen

I also bought XVG when it was above 200 satoshi, but now I also continue to buy and increase its volume on my balance. I see no reason to call this project scam, because it exists, the team is working. The price has fallen by half? The same thing happens with other coins and no one is immune from it. If you want to see a higher price, then you need to wait for the price to rise above 200 satoshi.

You seem to be with us recently ? Those who survived the winter, do not think that the project a scam because of 50% dump, this is normal for the crypto.

Yes. I think Verge is almost a dead coin. The growth of this coin was a very big manipulation. I think that the price of this coin will continue to fall.

xvg is really a good coin and you can see its in downside right now!
so this is the chance to grab more xvg while its rerally cheap and ofcourse!xvg is not scam coin its a top coin.

If you are doing so, I guess you are going to lose your money. It's not something potential, not that much of real use. Verge is full of vague codebase and they have been hacked for couple of times. They even can't manage this. I think it's better to stay away from Verge.

I think it's a scam

I dont really know why go for XVG because this coin is hacked many times and they where hacked in the same method as the first  :D thats why their is no security in this coin that is hacked multiple times :D

Fall in price doesn't make a coin scam. There might be several reasons for a coin to fail to gain a price.
You just needs to keep patience and diverse your funds in a number of legit coin.
XVG is a popular privacy focused coin. They might gain again someday in future.

XVG is a great coin, it's NOT a scam. You can use XVG to pay for high quality porn at biggest porn site Pornhub. I don't know why many people call a coin is scam while it's always available for trading and using. Stop spreading stupid fud.

i have collect this coin for few week then sold it and get some profit.
i heard this coin was partnership with pornhub, that moment i make some profit.
i never hear any news about XVG after that, i read  this article : https://captainaltcoin.com/verge-xvg-team-accused-of-being-frauds/.
and they say verge is fraud???

Because a certain coin experienced 51% attacked twice or more doesn't make it a scam coin and the last time I checked there's no gain for the highest node holder to launched such attack except if (competitor) another coin owners which sees XVG as hinderance was behind the whole attack from the get go.
Mind you, Monero once experience such attack why is Monero not a scam coin?

Most of the prices are very bad and that does not prove to be their scam. XVG had a good price in the good condition of the market, but this is trade, price does not always move upwards.

Its not a scam but its not a really secured coin since its had been hacked a few times. I wouldn't trust the developers working on it since they are busy trying to hype their coin instead of securing it.

You are funny dude. So, you are thinking a project is a scam just because the price went down? Far from that. Don't be surprised that price you see might touch ATH at the least expected time or even go above it.

When price are down alot of people can say this coin are scam. Then coin going to UP, they say this is future of blockchain.
All cryptocurrency price aren't control people like developer of them. Coin still use classic economyc rule, demand and supply. look like people on market now focus on bitcoin and some of new user bought bitcoin and didn't exchange it to another crypto. just hold it when you believed it can be hugh at the future.

Also, dogecoin is merged mined with litecoin which makes its blockchain very much more secure than Verge. Verge was 51% attacked last year and the hackers stole $1 million.

@crypto1998. I recommend that you wait for grin to be sub $1 then begin buying.

It's not cool to judge if a project is a scam or not via it's pricing because many things could contribute in causing a dip in the price of a coin, once a project turns out to be a scam, you really don't need anyone to tell you because you will see it from the way they begin to behave lately and also how active they are about the project, so please make your research properly to know if it's really a scam or not.

You cannot say a coin is scam just because the price has going down -50%++.
I saw few coins which the value has dropped more than -80%, but they are not a scam coin.
Maybe because there were some pumps in the past, peoples bought it and the others dumped it later.

Do you know what does it mean by trash? XVG is trash. Its codebase is full of shit code. It was faced 51% attacked twice but dev failed to fix it. Well, I'm not a porn addicted guy.

Based on what proof? Are you basing it on what the op said, or you have been scammed by them? If we don’t have proof or any history of them being a scammer, then we should not judge them based on our own assumption or what we just hear everyone saying in the market.

I have had XVG for a very long time now, and I am still holding it because I believe in their future, they have very reliable team and I think their product still got the chance to move people. The challenge of dumping in price is not only related to XVG alone, most altcoins are passing through this time now, which they will all recover in some months to come.

Of course not. XVG is now very long living cryptocurrency and still kicking like bitcoin. They are not a scam it is just the market is not ready for this specific coin. Hopefully in the future this coin will increase and make an improvement in their system.

It’s not scam actually other altcoin still in low price. This coin was still active in the market though price dump but I believe once the market value become steady growing it will increase and can recover.

Not at all, actually the price isn't encouraging according to your reason for calling xvg scam, i don't believe xvg is scam because of low price, there are token who have gone more way below xvg price.

Following your logic, all the coins on the market are scam, because at different times, each coin fell in price 2, 3 or more times.  :) This does not mean a project fraud, the price is just an indicator of investor interest at a given point in time. Today, the price may dump by 2 times and everyone will shout that this project is a scam, and next week it will pump 3 times and everyone will say that this is the most honest project in the world  ;D
I think that price is not a such indicator, by which we can distinguish a fraudulent project from a honest one

LOL... How do you classify a scam project? If this is your analysis of scam, then all cryptocurrency is a scam because every coin out there have lost more than 50% of their prices this year alone. XVG is far from being a scam project as of today.

I don't think Xvg is a scam because I already make a lot of money from XVG in the last year.
But I know that XVG cannot always stay in the top of the coin among the other and maybe xvg needs more time to be the potential coins in the future especially if the bull market happen.
But I still save more xvg before this year, and I see that the price can increase although it is not much.
Maybe xvg can increase back soon, and I hope that the price can reach higher than the last year.

If XVG is a scam, then 90% of all crypto projects are a scam. the price fluctuation of a token on exchanges does not justify the fact it's a scam. with various partnerships that XVG has, I wouldn't call it a scam. however, I can say that it's is not the most honest project I have seen. but they have done some really great job at making the users happy and boosting the token price. when we talk of scam projects, virtually almost all blockchain projects is a scam. we just don't call them scam projects because the 'scam' threshold level has been increased a lot in blockchain

I think it's high time we stopped spreading FUD on some coins. I understand you are concerned about the dip and you are making enquiry, but the dip doesn't depict scam, no coin is above dip. You might see BTC today at 6k+ and the next Moment it's 5k, that goes same for every coin. This moment, you can check back XVG and see it's on rocket ship when a big news starts going round. Market emotions rule this space, let's be guided.

Now half of the projects on the market scam and it is difficult to find a really good one, which will bring you money in the future. Here is the project GEXAN almost ready, so i stopped there

And what kind of project is this? I hear about it for the first time, apparently rumors have not reached me yet

I can not vouch for him, but I know that in the future I will be able to sell all the received tokens on the exchange, I will leave the link for review http://gexan.io/

I dont think Verge (XVG) is a scam coin. If because the price fall, i think most coin in market fall on the price. The price determined by supply and demand and i dont think because the price, XVG called a scam coin. Its good coin with a lot partnertship and having big community