Vertcoin - First Scrypt N | First Stealth Address - Privacy without mixer

[amirmass]

Brace yourself, mega pump is coming...

Why is a pump coming?

It will come after vertcoin's downtrend ends...for now the reversal won't come, might go down to 0.0012-0.0014 before reverting the trend.

why you think it's going down to that levels first? not sure, that jump in vert will come out of nowhere

[kahir]

Vert price is stable around 1 dollar each ... its btc that is rising

[SnakeEater]

Vert price is stable around 1 dollar each ... its btc that is rising

The VTC rewards potential through speculation is very tempting now moving at large price swing in a short time.  The 100BTC volume daily is very steady and stable.  When market capitalization is $4 million I think the changes will be mant times larger than BTC or LTC.

Its amazing that buying is steady despite 20k sold within hours or 2%. now VTC is 7300BTC or 0.03% of total crypto market share.

[amirmass]

no selling resistance, and big buys in the last days, i see no reason why vtc should not worth 40 million $ marketcap during the next month

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[AlexGR]

no selling resistance, and big buys in the last days, i see no reason why vtc should not worth 40 million $ marketcap during the next month

I can give you one right away: Inflation.

28.800 coins per day X 0.0016 = 46 BTC per day to absorb daily production. This is the culprit of the downtrend.

If price goes to, say, 0.016 = 460 BTC per day (=280k USD just to absorb daily production and keep the price steady).

High price = more money to absorb daily production = more price stagnation.

Unless the reward formula / inflation rate etc is changed, there is no way the price will ever recover.

Cryptoland has too much inflation. Coins need to find the right balance between securing the POW, being scarce and good stores of value and not debasing all the time which loses money for the investor/holder.

[mega]

but wtf is electrum any link/info where i can find info about that? -tx

I think this is it:

Electrum is an easy to use Bitcoin client. It protects you from losing coins in a backup mistake or computer failure, because your wallet can be recovered from a secret phrase that you can write on paper or learn by heart. There is no waiting time when you start the client, because it does not download the Bitcoin blockchain.

Found it @ https://electrum.org/

I'm not sure if it is it. Correct me if I'm wrong (I'm catching up the forum)

[silencesilence]

no selling resistance, and big buys in the last days, i see no reason why vtc should not worth 40 million $ marketcap during the next month

I can give you one right away: Inflation.
28.800 coins per day X 0.0016 = 46 BTC per day to absorb daily production. This is the culprit of the downtrend.
If price goes to, say, 0.016 = 460 BTC per day (=280k USD just to absorb daily production and keep the price steady).
High price = more money to absorb daily production = more price stagnation.
Unless the reward formula / inflation rate etc is changed, there is no way the price will ever recover.
Cryptoland has too much inflation. Coins need to find the right balance between securing the POW, being scarce and good stores of value and not debasing all the time which loses money for the investor/holder.

your reasoning does not is correct, my friends and I mining VTC and we are not sold a single coin

many people mining and do not sell Vertcoin - They HOLD

by your logic LTC had to be priced 0,00000001  ,
and BTC had to be priced 0.0000002 

[rickyross]

  So where is the official announcement for this suppose'd stealth feature?

Can someone point me in the right direction?

Thx

[sammy007]

 So where is the official announcement for this suppose'd stealth feature?

Can someone point me in the right direction?

Thx

Official announcement of the Stealth feature.

[AlexGR]

no selling resistance, and big buys in the last days, i see no reason why vtc should not worth 40 million $ marketcap during the next month

I can give you one right away: Inflation.
28.800 coins per day X 0.0016 = 46 BTC per day to absorb daily production. This is the culprit of the downtrend.
If price goes to, say, 0.016 = 460 BTC per day (=280k USD just to absorb daily production and keep the price steady).
High price = more money to absorb daily production = more price stagnation.
Unless the reward formula / inflation rate etc is changed, there is no way the price will ever recover.
Cryptoland has too much inflation. Coins need to find the right balance between securing the POW, being scarce and good stores of value and not debasing all the time which loses money for the investor/holder.

your reasoning does not is correct, my friends and I mining VTC and we are not sold a single coin

many people mining and do not sell Vertcoin - They HOLD

by your logic LTC had to be priced 0,00000001  ,
and BTC had to be priced 0.0000002 

Ok divide the numbers /2. Say half of the miners sell and half don't.

It's 23 BTC vs 230 BTC if price goes 10x.

[deky_]

This is based on some updates from developers. Stealth addresses and electrum coming in June!
http://www.reddit.com/r/vertcoin/comments/26thlw/dev_update/

Development update posted to blog: http://blog.vertcoin.org/

Thank you Boris!

[jk_14]

no selling resistance, and big buys in the last days, i see no reason why vtc should not worth 40 million $ marketcap during the next month

I can give you one right away: Inflation.
28.800 coins per day X 0.0016 = 46 BTC per day to absorb daily production. This is the culprit of the downtrend.
If price goes to, say, 0.016 = 460 BTC per day (=280k USD just to absorb daily production and keep the price steady).
High price = more money to absorb daily production = more price stagnation.
Unless the reward formula / inflation rate etc is changed, there is no way the price will ever recover.
Cryptoland has too much inflation. Coins need to find the right balance between securing the POW, being scarce and good stores of value and not debasing all the time which loses money for the investor/holder.

your reasoning does not is correct, my friends and I mining VTC and we are not sold a single coin

many people mining and do not sell Vertcoin - They HOLD

by your logic LTC had to be priced 0,00000001  ,
and BTC had to be priced 0.0000002 

Ok divide the numbers /2. Say half of the miners sell and half don't.

It's 23 BTC vs 230 BTC if price goes 10x.

There are also 3600 new mined bitcoins per day...

[ivanlabrie]

Until the hashrate is big enough, price will continue going down, with some swings in between.

[silencesilence]

Until the hashrate is big enough, price will continue going down, with some swings in between.

you often can not understand

you buy, sell, or mining?

[mmouse]

Until the hashrate is big enough, price will continue going down, with some swings in between.

Sorry, I don't think that hashrate is the important factor here (as long as it stays high enough to secure the network).

I can give you one right away: Inflation.
28.800 coins per day X 0.0016 = 46 BTC per day to absorb daily production. This is the culprit of the downtrend.

This. We get almost 30k new coins per day - may the hashrate be 1 GH/s, 8 GH/s or 80 GH/s.

So the growing number of coins is one side. The other side of the coin is demand. At the moment demand more or less keeps up with minting, so VTC was stable at +/- $1 for weeks now, which is a good sign, I think. A much stronger sign actually than the huge pumps (and dumps) of some-other-coins. (Ok, at the moment we're down to 90ct, but I think this will be temporary. Seems like some people dumped lots of VTC, probably to get BTC and jump the crypto ship for $$ when the BTC rate went >600.)

So, if we want the price of VTC to go up, we need growing demand. We get this with

• a strong, steady dev team
• technical features and innovation
• PR to get known to more people
• documentation, instructions, training for people new to cryptos or new to VTC
• use cases and adoption by online and retail shops

You can tick off the first two items, for sure. But most important is the last item, and we're not getting on with that very fast, for various reasons.

[AlexGR]

no selling resistance, and big buys in the last days, i see no reason why vtc should not worth 40 million $ marketcap during the next month

I can give you one right away: Inflation.
28.800 coins per day X 0.0016 = 46 BTC per day to absorb daily production. This is the culprit of the downtrend.
If price goes to, say, 0.016 = 460 BTC per day (=280k USD just to absorb daily production and keep the price steady).
High price = more money to absorb daily production = more price stagnation.
Unless the reward formula / inflation rate etc is changed, there is no way the price will ever recover.
Cryptoland has too much inflation. Coins need to find the right balance between securing the POW, being scarce and good stores of value and not debasing all the time which loses money for the investor/holder.

your reasoning does not is correct, my friends and I mining VTC and we are not sold a single coin

many people mining and do not sell Vertcoin - They HOLD

by your logic LTC had to be priced 0,00000001  ,
and BTC had to be priced 0.0000002 

Ok divide the numbers /2. Say half of the miners sell and half don't.

It's 23 BTC vs 230 BTC if price goes 10x.

There are also 3600 new mined bitcoins per day...

Which can't all go to altcoins. LTC requires 0.018 x 28800 = 519 BTCs alone. Add the rest plus new coins every day and you have a disaster in terms of inflation.

[amirmass]

who is setting this small sell walls on vtc?....... what's happening here?

[sammy007]

who is setting this small sell walls on vtc?....... what's happening here?

2 VTC orders are not a sell wall. But it's creepy 

[amirmass]

why would cryptsy letting this happen, this is hurting vtc price really bad.. new investors like me will not be happy to see that manipulation