Things just start ?
30k to 15k dump in some minutes .. i nearly loss all my ICO invest.
If you are new in cryptos this is a general advise: NEVER PANIC
I have made the personal experiences: I bought/mined a coin and hold most of the coins. Then i saw, that price of "x" coin is dropping. So i paniced and sold most of the coins, even if i thought the coin will do well. In most cases, where i invested a lot of time on "investigateing" the devs and coin concept. Normally the price went up way more as i mined/bought my coins if the devs are honest.
If VRM price goes down and you dont want to loose ico price you have 2 options in my opinion:
1. sell your coins and try to get out nearly to 0.
2. Hold your coins and don't panic. You could also rebuy some more coins on a cheaper price for getting your average buy price lower. With this tactic you can actually get out more early if the price goes up again.
Please keep in mind that this is only my personal experience and no "guid" to get rich or anything.
And to the Vericoin/Verium (devs) i can only say:
1. They did a very very good job with Vericoin. Even with all the starting problems like many forks the price went up and is now on a more or less stable price.
2. The dev team is one of the honest dev teams i have ever met. They don't say/fake sth. they don't want to to. I mean, they said Vericoin will be sendable per SMS, and so they setup a whole SMS relay and it was working. I was sending some Vericoin via SMS and i must say, i have never seen anything like this on cryptoworld before.
3. The dev team is very activ. Please keep in mind that you can't expect a coin to skyrocket 1 month after the release. Most coins doing skyrockets will also fall down very fast due to "faked" volume or anything similiar.
4. Almost every PM i send pnosker or effectstocause got answered on the same day, via email the replies came in even more faster
5. This coin has a new concept which i wasn't able to discover on another coin yet.
What i am trying to say is: Wait and watch. I think we can see a difference in the next 2-3 months, after everything has settled. If i remember the early Vericoin days, the price was on bittrex with about 500 satoshis i think. It was dumped very hard, but then the price went up to over 50,000 satoshis, falling down to 8000-12000 Satoshis. Even this price evolution, from 500 to 8000 is very high.
So maybe we can see the same on verium in the next months
