How Verge's "partnership" tanked [-25%]

[Yuuto]

Huge disappointment for XVG investors for sure.

They already had some shady business dealings with their alleged Ledger partnership and now this. It's definitely some negative stuff for Verge team. They probably knew that nobody would appreciate a partnership with an adult website, that's why they hyped it up so much and sold it to the Verge holders as if something big is happening. Ultimately the only thing that resulted from it is pretty much a promo clip and PH's integration with XVG.

I don't think that price will continue to tank in the short term, since Verge always finds something to hype about. After all, it's literally just a pump and dump coin. In the long run though, I think Verge doesn't look good at all. Hype doesn't last the test of time.

[tamilcrypto]

Now a days #cryptocurrencies have started behaving like political parties. When there is a major scam involving them happens, they divert by marketing some controversial actions. For example in case #verge coin coming out of 51% act instead of addressing issues started promoting its partnership with controversial #pornhub. BTW  who can be held  accountable in decentralized environment???

[ukloon]

This coin is turning into a joke. There was the 51% potential attack, now partnering with a porn site. It is hard to believe that people are still investing in an over-priced joke coin. Pump and dump is a good tactic for whales, but not worth buying for the average investor.

[TorbjornE]

The coin went into growth. Perhaps  Pornhub sold some of the coins received and the price temporarily decreased. Time will show the correctness of the team's actions.

[Buyingallcoinsz]

The partnership was revealed today and it was with PornHub. The community of Verge is trying to make this seem as a positive highlight but the market isn't pricing it well. 

Im still believing in VERGE

[CptThomas13]

It may take some time before people realize this, but in the end, Verge made a good move with this partnership.
Well after any news any coin will get dumped,but in this case it was too huge

[teskostecenje]

It doesnt really matter with whom they make partnership because in crypto price always goes down after some news come out about that coin in my expirience.You can earn a lot of money by shorting that coin few days before the news are out(or some kind of happening)for example i will short monero 2 days before the hard fork airdrop is on

[valerie_zurich]

It doesnt really matter with whom they make partnership because in crypto price always goes down after some news come out about that coin in my expirience.You can earn a lot of money by shorting that coin few days before the news are out(or some kind of happening)for example i will short monero 2 days before the hard fork airdrop is on

Aside of Poloniex, what other markets allow to short altcoins? From my experience none have an extensive list.

[btcblockchain]

Verge create Fomo news which made market to respond fast than normal market got pumped and downfall in short period of time

[yigga]

Verge create Fomo news which made market to respond fast than normal market got pumped and downfall in short period of time

The problem is that no one believes on Verge anymore, i am tired of always reading some "good news" about it and it is always going down, no matter what. That is why i decided to dump all my tokens during the last few months.

[Quidat]

Verge create Fomo news which made market to respond fast than normal market got pumped and downfall in short period of time

The problem is that no one believes on Verge anymore, i am tired of always reading some "good news" about it and it is always going down, no matter what. That is why i decided to dump all my tokens during the last few months.

Good decision and even im on the situation too i would really do such thing. I dont trust XVG since from the start thats why i didnt bought this coin for longer terms. Currently seeing on the situation towards Pornhub partnership it do really turns out that they are cooking themselves on their own oil. Such step made by them which i do see desperate too much and now they do see negative rather than on positive ones on what they do expect.