[XVG] Verge - Speculation & Discussion

[Mr Felt]

This will be a discussion thread about Verge Currency. [1]

We will be using Smooth's Monero Speculation rules for thread moderation. [2] (insert "Verge" where you see "Monero").


Enjoy.




[1] https://bitcointalk.org/index.php?topic=1365894.0

[2] https://bitcointalk.org/index.php?topic=753252.0

[1714146265]

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[1714146265]

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[Yolo123]

we got some nice buy walls on bittrex atm

[Mr Felt]

Yes.

The price movement over the last few weeks has resulted in large gains in value given the low price (~5x).  I bought a few at 2 & 3 Satoshi, so sitting at 11 Satoshi is fine with me.  However, given some of the features of this coin compared to others, I can't help but think that even 11 Satoshi is still way, way too low.  Hopefully others will come around in due time and make the same assessment (and contribute as well).   

[Yolo123]

Yes.

The price movement over the last few weeks has resulted in large gains in value given the low price (~5x).  I bought a few at 2 & 3 Satoshi, so sitting at 11 Satoshi is fine with me.  However, given some of the features of this coin compared to others, I can't help but think that even 11 Satoshi is still way, way too low.  Hopefully others will come around in due time and make the same assessment (and contribute as well).   

Market cap is low at this point. Once we reach 1 million and get on Poloniex, Verge should grow.

[Yolo123]

The potential
I was checking out these 2 coins that have similar supply with higher market cap

http://coinmarketcap.com/currencies/earthcoin/              70sat

http://coinmarketcap.com/currencies/nem/                     130sat

[Mr Felt]

Verge seems to be weathering the BTC price rise better than most other alts. Hope it holds.

[Yolo123]

Bittrex has been updated and we are sponsored. Here we go!

[benthach]

get rich scam after get rich scam, nothing different from other thousands of get rich quick scams

[jwinterm]

We will be using Smooth's Monero Speculation rules for thread moderation.

Umm, pretty sure you can't use Smooth's moderation rules if you don't make a self-moderated thread.

[Mr Felt]

We will be using Smooth's Monero Speculation rules for thread moderation.

Umm, pretty sure you can't use Smooth's moderation rules if you don't make a self-moderated thread.

Yep. Figured that one out.  Live and learn. 

[Mr Felt]

Big volume spike today.  Bittrex says almost 94 BTC/24hrs.  Volume might continue to grow when Poloniex adds.   

[bitLeap]

Big volume spike today.  Bittrex says almost 94 BTC/24hrs.  Volume might continue to grow when Poloniex adds.   

Exactly! And once mainstream channels like Shpashift adds it then the system will see it with good eyes and let the elite invest. Gosh what has cryptos become but VERGE is here to stay they like it or not it will be embraced.

[Mr Felt]

Sorta unbelievable for this little coin - 100+ BTC in volume on Bittrex alone in under 24hrs.

EDIT - Verge at 113 BTC (Bittex) less than an hour after my 100+ post. 

[Yolo123]

TOP 2 coin on Bittrex

204 BTC volume 24 hours

Does Poloniex even Verge?

[ttookk]

Volume is dropping rapidly. Is the honeymoon phase over?

[Yolo123]

Volume is dropping rapidly. Is the honeymoon phase over?

Volume dropped for all the alt coins...maybe Monday it is going to pick up

[coinstash]

I agree, there were no buyers around at Bittrex today for most of the smaller alts, and the larger ones had to be sold close to the highest Buy price. Also seeing huge spreads in many cases, suggesting that most trading is speculation. I think we're in a very immature market phase for cryptocurrencies generally.

I've just evaluated my results after a week of tough manual trading, including some stellar gains on smaller alts. In all I made about enough to buy a cuppacawfee. If I'd left my money in BTC the results would have been far better, at least it has consistent and active trading in all conditions. Pity I didn't predict the jump from $380 to $420 but I don't think anyone saw it coming really.

Currently sitting on 1,000,000 XVG bought at 20 sat (ouch).

[coinstash]

Volume is dropping rapidly. Is the honeymoon phase over?

Nope. The guys who bought under 10 sat have stacked every sat point from 16 to 200 with about 6,000,000 XVG for sale. It completely killed the momentum. At least the bots haven't arrived yet.

This is the problem with a significantly premined coin, it leaves latitude to be defeated by short-term trading.

[CryptocurrencyNetwork]

Volume is dropping rapidly. Is the honeymoon phase over?

Nope. The guys who bought under 10 sat have stacked every sat point from 16 to 200 with about 6,000,000 XVG for sale. It completely killed the momentum. At least the bots haven't arrived yet.

This is the problem with a significantly premined coin, it leaves latitude to be defeated by short-term trading.

With the amount of resources available for Verge, it is just a matter of time until more people know what Verge stands for.

It's not about just about profit - short term profit is usually harder achieve and usually lower than long term.

If you bought at 1-2 sats and held, you most likely would have been better off - two ways:

1/ Bitcoin was a lower price
2/ Your Verge would have increased 10 fold.

Repeat this with any price.

Longterm:

Bitcoin will rise with supply and demand.
Verge will rise with supply and demand.

[CryptocurrencyNetwork]

I think this should be moved to Altcoin Discussion section.