Well all things considered my personal beliefs are that theres alot of people out there that want to see VRC fail because they know that whatever scam/shit coin they are working on/invested in can't hold a candle to VRC and that the price slump is due to market manipulation just look at all the evidence,
Exhibit A) When we first started taking off in price how many FUDDERS showed up trying to run people off and when that didn't work and we kept going higher we go to...
Exhibit B) The MP hack where 30% of all VRC was stolen, I truly believe this was perpetrated by the same person or persons behind the FUDDERs, but now we go to...
Exhibit C) The constant DDoS attacks on the SuperNodes that have been occurring the past few days, this is obviously a concentrated effort by a desperate entity trying to pull out all the stops to destabilize VRC, but now we go to...
Exhibit D) The OBVIOUS manipulation and suppression of the price of VRC by a person or persons, look at the fake sell walls, look at how EVERYTIME there is an uptrend somebody comes and dumps the price right back to the 15k range, if it really was an exit holders would have sold off on the open market and moved on (as most weakhands have) so now all thats left are the true investors/believers and the person or persons trying to kill VRC and suppress the market. We have even had ACTUAL FOREX ANALYSTS POINT OUT THE VRC MARKET IS BEING OBVIOUSLY AND ARTIFICIALLY SUPPRESSED. and then we go to last but not least...
Exhibit E) The lack of liquidity across the market in general, as it has already been pointed out there are plenty of factors attributing to the lack of volume and I STRONGLY disagree with anyone who says this isn't a factor because lets take a second to look at the numbers. Before the Summer loss of volume VRC ALONE on JUST MINTPAL had between 1200 and 1500 BTC volume DAILY, now the exchanges can BARELY hit that mark on their TOTAL volume much less 1000 BTC volume on just one coin alone. So please, tell me again how this isn't an attributing factor?
In Summary: Until volume returns to the market at large and we buy out the manipulator(s) the price is going to struggle short-term, but as long as the community stays positive and active and the Devs keep developing and innovating, the long-term potential of VRC is still as bright, if not brighter, as it was when price was 50k. This is just a perfect time for all of us to buy VRC on the cheap and hang on.
This is just unbelievable... except that coming from socal, is to be expected, of course. One more time, many of the ones this guy consider "fudders" are just worried investors, pretty supportive of VRC actually, posting much more legitimate concerns, ideas for debate, doubts and suggestions than socal will ever be able to even envision. There have been some people posting absurdities here, but much less than in ANY other thread like this, all of them have been rebutted many times and have disappeared -except for bobsurplus, of course-, not because the price is lower or not going anywhere of late, but because they simply moved on to other threads. And no there's no "manipulation" in the markets -other than the manipulation happening due to the influx of capital from the multipool, so the only manipulation out there is in FAVOR of VRC -just like it is, similarly, in several other similar coins-. Instead of manipulation, what is making the price drifting lower or keeping stagnant is much more simple: There's very limited of new investment money coming in. It's called
momentum and it is, atm, simply gone from crypto in general, BTC included. Yes VRC could do better pricewise, but why would it? There's absolutely no announcement of expectation of any in the foreseeable future; there's "meh" attitude because Doug has said "something great is coming" at least as many times as "at the end of the day", and to similar effect and, quite frankly, weeks keep on passing and the same blank screens seem to keep on appearing when people in Windows hit some buttons in the wallet... not exactly an endorsement of star-developer Dev 3, a Windows employee in his other life. So, why would VRC's price move upside under these circumstances? No reason whatsoever. No manipulation, no consequence of attacks, nothing of that short. Just lack of momentum and lack of investment money in the marketplace en general... which sees whatever amounts coming in going straight to the flavor of the week momentum new coins.
Since socal likes absurd "exhibits", let's put out one that clarifies widely everything and is easy for everyone to see: The price movement of VRC in the last few weeks, has been almost identical to Blackcoin in particular and several other established coins, in general (such as PINK, NAUT, DRK and MANY others). End of the story. End of so-called "exhibits".
As a matter of fact, VRC is doing great... considering the wallet troubles unresolved, lack of progress in terms of announcements and aforementioned lack of general momentum in crypto. No doubt due to the amazing response of the community that is staking the coin by millions at % levels that are simple impressive, to say the least. If similar % were staking in BC, the price there would be several times the one it is trading at. I doubt there's any other coin staking at the % levels that VRC is. And that's why it is currently trading at around 14k and not in the singles or thereabouts.
Patience is a quality that doesn't apply to many in crypto and it seems inevitable that frustration will creep in on day and swingtraders when the price drifts lowers or remains stagnant, hence the inevitable comments about "fake walls" or "market manipulation", both of them total fallacies. VRC, considering the circumstances pointed out above, stands where it should and way in front of other, similar coins, based on the amazingly supportive community. It will move up when announcements are made, when general and particular momentum is regained or will continue drifting/stagnant if nothing significant changes. The growth is achieved not by pumps, but by reaching "plateaus". The pumps (visit PINK for immediate example) will ALWAYS be dumped by a 50% factor or higher depending of the size of the pump. VRC had his and will probably have more if Joel Bosch and his Mano Nera guys are still interested, otherwise the pumps will be much smaller. And then it will be dumped to whatever is the next "plateau" which, in the case of VRC I am quite sure it will be at higher level than 14k sat. That's how this markets operate.
Nature of the beast, pure and simple.
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