I have no idea why the price dropped but I think I should buy just in case.
Well, I suspect that someone for NOW trying to keep the price low... look at order book carefully... generally between 195k satoshi and 182k satoshi there are small amounts 0.1-5 vtc placed by someone JUST to hide the big break between real value and the higher... Some getting on this trap and selling own coins that cheap ...
If I had to guess its an action to keep for w whole lower price so hashrate wont spike to much yet ... so we all can mine little more on this still low hashrate
Pretty good sign but better if this wont be done to long as some real investors (not wales who just buy to sell after moment etc) might miss vert...
Another thing is this new coin MON added to vert. Still many, many dont know simply what to think about it under matter of how price will go on ...
I just fully hope that there wont be thinking that MON is part of vert and price must be spread on them ... just hope this wont be the way of thinking
Anyway ... If i had any btc left... anything .... for sure I would jump to buy more at this 180k satoshi values ... I dont think price will spark like x2/x3/x4 etc soon just like that ... but I am pretty sure that within days/weeks more will be joining vert and merged mining (still so many gpu users dont see vert which is odd...) and then price wont stay at so low ...
Thats my general thinking - without taking into consideration other aspects of vertcoin as coin itself
Just raw thinking
new miners can only come if there is a big jump in price
would be nice to see after one month price of 0.06
(sometimes these jumps are useful for a coin, because the weak hands sold the coin in a strong hands - Look what happened last time at BTC and LTC)
If the price increase then many new miners who have started their mining activities in recent months to join in the VTC + MON
This will entail a
- Decentralised coin
- A higher degree difficulty and more secure network
- VTC and MON will be as many hands - which will not lead to many Pump and dump - which is even better for serious investors
- More new people will be talking about the coin
- More marketing by the holders of these coins
- New ideas from fresh new users
People now only target pump and dump coins they are looking for quick money before they came SCRIPT ASIC market
VTC MON developers are very serious, it can be seen in the last few months, they for a moment did not stop to think about new things about these coins
I predict in about six months stable price of 1 VTC - 0.01
You just need everyone to participate more actively
And of course the developers to find the best innovations that until now have not appeared on any coin. - We need to be unique .... Program code is is just there you have to Assemble
NOW I MINING VTC and MON in p2p