Verge sucked with its Pornhub partnership!

[gabmen]

Verge sucked with its anticipated and secret partnership which turned out to be PornHub. Are you kidding me??? The price of Verge after rally of more than 40% this morning went down back 40% or even more within few minutes following the awaited "partnershit"! Totally disappointed.

Lol. I actually had quite a laugh when i learned about it on facebook. Of all companies to partner with lol. And i think even brazzers quite a creative move for the team behind xvg though, but yeah the quick drop showed that it's not well received.

[Coltpython]

It was a fantastic move but the effects sent XVG price spiraling downwards. I guess a lot of traders and investors are still morally biased about what coin they choose to trade with

[LuBro]

I don't know why someone can believe in this coin? They started a fundraiser for what exactly? So that Verge can be used as a means of payment at PornHub? There have been a lot of hype around it for this information or great announcement? What about porn-coins like Spankchain or the likewise?
Actually, who would pay for porn, I mean, seriously? 

[DikkieD]

I think even though I am not that impressed by the project and its function, they did a great job landing a partner like that. And even if they bought this partnership with their own tokens, Verge suddenly went from shitcoin with only a loud community to a coin that has real use and real value. Of course, pornhub is 'free' and such....but even if 1% of all users of all MindGeek projects will use XVG, they will have a pretty big userbase. Not that is says anything about the project itself, but still....great accomplishment in times when every porn maker/project is looking into blockchain for payment solutions and more.

https://en.wikipedia.org/wiki/MindGeek

[Xioma]

People actually pay for porn these days? 

Right? What's the point for this? Just a publicity stunt?

Though pornhub is pretty huge company so who knows what's gonna come out of it

[GabrielKiara]

I agree with you, It may not be morally good. The price was down, when I better invest in other coins such as ETH and ADA

[zikabra]

Verge sucked with its anticipated and secret partnership which turned out to be PornHub. Are you kidding me??? The price of Verge after rally of more than 40% this morning went down back 40% or even more within few minutes following the awaited "partnershit"! Totally disappointed.

Of course, good news caused price to go up and old holders took advantage of it and sold verge.
The thing is, you have to buy it before good news, otherwise you will become FOMO buyer and you will lose money.

[LamentConfiguration]

Its been dumping all day. Doesn’t sound like a partnership more like a paid sponsor.

[Walang-kekek]

from i know, pornhub is a big industry with more big profits (beside the project they work is porn). verge must be very considering anything before choose pornhub as a partner. but does vollatility on price is normal?

[Flamebellow]

Basically verge team scammed it's investors with this partnershit . People believe that verge will have a serious business partner , not the pornhub . To understand why pornhub is a bad partner just take a look on all previous porn-related crypto projects . Where they are ? Also , porn is a prohibited content in many different countries and it definitely will not popularize crypto and bring it to masses .

[indayburakday012]

Wow do you have data or link that could support your statements? You know i am interested with this topic since it talks about porn sites. As we all know that porn sites are earning also with lots of advertisement on it if you only have notice. These sites are actually earning a lot from its viewers and at the same time those viewers are also having a good visual seeing on the site. So it is a win-win situation for the viewers and for the advertisers. So talking about the ICO promoting and partnering with the pornsites is not a bad idea. Many are subscribers with this pornsites and it could actually help in promoting ICO or even in putting up a project like this. ANd i have seen an ICO somewhere about porn tokens. That was funny.

[Red-Apple]

this is one of the strangest news that led to big pumps of an altcion.
and it is strange mainly because if a website wants to accept cryptocurrency payment there are at least a dozen other better options before a coin like Verge.
starting with bitcoin then there is litecoin then even Dogecoin is a good option and also a lot of coins such as IOTA, NANO, ByeBall,... are 1000 times better than Verge! and they are used more and more people own them too!

[ktru19]

I still don't understand why people hated connection with porn industry (except overzealous believers). That industry is very big in NA and Europe so it can bring so many new people to cryptocurrency world..

That's because you can watch porn for free so that's why there are many of your co-fellow investors that are disappointed with the most awaited announcement.

but they also have many subscribers too also brazzers dvds etc aint free. plus mass exposure front page of ph.

Subscribers are expected to flow into porn sites but the thing here is that most doesn't need to pay for porn just to watch.

nor do you need to pay for many other things online movies/programs/music etc yet there are still big numbers
however i see this as a mass exposure. only need 1% or 0.5% of ph users to be interested and xvg would be a hit.
just depends how long they stay on ph frontpage

[Dark_lord]

I agree! They are trying to get on top and accepted anything they could find.

[newcoin01]

Isn't it quite normal for this market. People buy the rumors and then sell the news. People want to get some profit, even I don't like it that's the truth.

[mainthread]

Verge sucked with its anticipated and secret partnership which turned out to be PornHub. Are you kidding me??? The price of Verge after rally of more than 40% this morning went down back 40% or even more within few minutes following the awaited "partnershit"! Totally disappointed.

This was to be expected. I do not understand why the price should be fixed at a high level. On the crypto market, any news always strongly influences the price. But this phenomenon is very short-term.

[batang_bitcoin]

I still don't understand why people hated connection with porn industry (except overzealous believers). That industry is very big in NA and Europe so it can bring so many new people to cryptocurrency world..

That's because you can watch porn for free so that's why there are many of your co-fellow investors that are disappointed with the most awaited announcement.

but they also have many subscribers too also brazzers dvds etc aint free. plus mass exposure front page of ph.

Subscribers are expected to flow into porn sites but the thing here is that most doesn't need to pay for porn just to watch.

nor do you need to pay for many other things online movies/programs/music etc yet there are still big numbers
however i see this as a mass exposure. only need 1% or 0.5% of ph users to be interested and xvg would be a hit.
just depends how long they stay on ph frontpage

I don't avail such premiums on porn sites but that's the use of Verge, PayPal and other currencies that they are accepting. I know those things that you can purchase with a different level from the free-users. There has been a mass exposure to the adoption and yet still the drop for XVG has been significant. There might be investors who are just waiting for this announcement and after that they are ready to dump this coin. Anyway, I don't hold XVG anymore.

[rayk]

Then it is very good time to buy verge for short term profit I will probably buy it and sell it for a 10% profit few days later. I use a proportion of money for this kind of trading.