Vertcoin is going NUTS!!!!!
Buy? Sell? What do we do?
? And WHEN???
Well you give me, 4 mins and Ill have the answers for you.
Briefly:
VERTCOIN QUICK HITS
- Created January 2014
84 million coins
$17.1 million market cap
Proof of Work
Black rewards halving in Dec 12th (50 to 25)
ASIC resistant
Segwit Activated
WHY NOW?
Firstly, I recommended VTC when it was .70 cents and (failed) to take a position myself, until it hit $1.16 and doubled up at 1.89 and even tossed in another 5 BTC at $3.02 yesterday.
As I think you can tell I am VERY BULLISH on VTC long and short term.
Vertcoin has needed 1 thing. More awareness - and it got that due to 2 main factors. Firstly, the addition of VTC to the Ledger Nano and the updated 1 click miner.
That was a big tipping point, however its also the perfect storm due to the recent trending interest in the upcoming Bitcoin fork creating the shitcoin, Bitcoin Gold.
The argument made around Bitcoin Gold was that it was Asic resistant and could be GPU mined - truly the "people coin" so to speak. Without going into the myriad of reason I dislike BTG, Vertcoin, essentially already does what Bitcoin Gold is promising to do AND has the 3 year track record to boot.
COMMUNITYVertcoins community is not only very strong and passionate, but it is a very transparent team of developers that have and will continue to work on the VTC code. If you aren't on it, go check out their Discord channel.
The recent atomic swap with Litecoin was also a huge factor in the public awareness of VTC. Lets not forget that Litecoin was only added to Coinbase due to Litecoins creator being a former exec there. This insnt a knock towards Charlie Lee, but the fact remains that VTC is better than LTC in every measurable metric.
SPACE The crypto space is still infinitely small, and I am one of the believers that , while BTC will be the king for many years, there is room for several other currency coins. Especially when we look at Moneros now being not-as-private as we had hoped, and with Vertcoin adding the added layers of security to hide IPs. Another huge plus.
The space is growing and the rewards are halving. 50 VTC will be reduced to 25 in Dec (on the 12th) Adding to the scarcity.
CHARTSThe VTC charts are nice and healthy. We have ascending triangles (a good thing) and a very sustainable trend line with increase support at both the $2.22 and the $3.04 marks.
PREDICTIONSIf you subscribe to my companies newsletter (sorry not for sale here) you would have seen VTC at .70 and this month I predicted it to hit $5.00 before Nov 1st - looks like a good guess now
I cannot predict daily entry points but since I do not think VTC is a short term trade, I will also not be giving points on where to short it, or when to enter long.
I do think we will se VTC follow a LTE path and have conservatively put these markers in place:
Nov 1- $5.00 (I do think we will see it dip to the high 3s and if it does we may see some noob panic sells to bring it to the high 2s but do not worry - LOAD UP if it does.
Jan 1 - $7-10
Mid 2018 - $18-30
End of 2018 - $40-60
If you guys like my short hits on coins and have followed my recommendations in the past, feel free to drop me a line - As some of you know I am putting together an email/newsletter in Dec for everyone.
I will likely start charging for it in Jan, but if will remain FREE if you subscribe before it then (with the hopes that my gift will encourage you to share with others)
Happy trading!
