100 sats.. wow.. m gonna keep buying. :-)
I like this coin.
Dev the 20 blocks things (down from 2000) has made this difference.
Like I said earlier, 2000 was a deterrent to the ones who liked to dump!
with 20 confirmations, its so easy to dump the coins.. it just keeps going down because of that.
I know you may not be interested in the price at this point, but there are many investors who would be worried.
Plus, there need to be enough pple interested in mining this coin or even using it.
If the value diminishes, then how will you use it for anything else?
Currently there are only a handful mining this coin.
Most of the time, its me alone.. or another couple of pple that mine..
While some of us are really supporting the price in the market by not selling and only accumulating.
However if the value diminishes any further, will have to exit the project for good.
Hope you do something to market the coin to get more interest in it.
More miners should join and it will help trading too.
Their is not much Dev could do. It's the low volume exchange, this exchange does not have active traders. Focus on getting VC on good exchange like cex.
on the contrary.. low volumes can make big price fluctuations both sides..
I am saying 20 confirmations would mean many who mine would probably sell out since they get the coin sooner. Plus u had many more mining a few days back when the price was higher. but they kept dumping the coins they mined. hence this sharp fall.
now there is barely anyone mining now that dumping is not profitable at all.
But then, to keep such miners at bay, higher confirmations was a good thing.
Well now that we have come a long way, something positive for people to look forward to has to come out from the project.
else m telling you, at the current rates, its just about covering the electricity costs.
the ones that are still mining, like me (probably not many out there now), will be forced to move to another coin.
Also at this price, buying of the market is cheaper than mining the coin!! might as well point the miners somewhere else, and what ever was the project earnings in VC can be bought from the shelf from the ones selling it.
Exchange probably is not the solution now. An exchange earlier would have been great when the price was pretty high.
Now there needs to be some update with the project or some other news that can get the much needed excitement back.
An exchange would probably not list VC now since there is no excitement no talk about the coin as such now.
An exchange where it is today is dealing in low volumes with 100 sats as the price.
I could be wrong with any or all of the above.
But I have put a 30+ days into mining this coin exclusively - barring a couple of hickups along the way for a few hrs or so.
Think m holding a large bunch of the coins out there.. and so are a couple of others who are interested in the project and want to see it succeed.
But at the end of the day its also what gains you make on the investments. If someone says its plain simple fun that they invested in it, I would be laughing at them. Its a math later right, u invest x and you expect 2x or 10x or whatever that number is.
A little news about something somewhere.. or what you are working on, what new alliances, etc etc would be really nice and welcomed.
Or just getting us listed on another exchange is new too (though I feel its not a solution) but its news and your audience increases many folds.
Do think about it. Form a group to discuss ideas - slack or whatever.. but that is how i feel you should get pple involved in it.
All successful project are successful coz people are completely involved in it. hence creating a belief that this can turn out to be a massive thing a few yrs down the line. A good project should not die to lack of excitement or exposure or even bad exchanges!
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