every single day I am horrified. Price lower and lower, I do not fully understand "why?".
It seems that was the peak at 50k, which VRC will never see...
Sorry investment and faith in the VRC. Developers pretend that nothing has happened, it is also sad.
yeah.. this perplexes me too.. devs not being concerned of the downward spiral
This the inevitable and ever repeated situation when panic and despair start hitting even the most recalcitrant cheerleaders and choirboys: The have lost 90% of what it once was. In a few weeks. Understandable. As, as usual, looking at the devs hopping for some magic trick to at least provoke a bounce to... maybe half what it was? How 25k sounds just about now? Most would have had enough, cash their chips and say "sorry, nice guys, but I cannot stand the pressure. I'm out". Has happened in dozens of coins before and is happening in VRC, inexorably, right now.
Are the devs concerned? You bet they are. They cannot do anything, though, other than what they did yesterday (announcing a "secret weapon" announcement -redundancy intended), come weekend. They too, where they had $80k now have just about $10K. They too are hurting. And more than anyone would like to see it rebound. But there's nothing they can do... short of spending their private money in buying more VRC... which maybe some of them are actually doing. To no discernible avail. The dumping continues. Now on panic mode, I'm sure those staking wallets have started to move coins to the exchanges to unload and salvage at least a 10th of what was and at least some of their initial investment. The "secret weapon" announcement? No credibility left. The few people that is buying any crypto is buying only a handful of coins, those with the biggest volume and a bit of Nautilus in hopes it'll rebound even more when they enact the POS. Nothing left for any others and definitely no buyers in VRC, only sellers. So, price at lows again. Two plus two will always add to four.
Now, the real question here is, is this community capable of sustaining VRC. And the obvious answer is, definitely no. Not enough, sorry. Everyone than can and want to help, has already bought as much as they could. And there are still some 7-9 million coins that want to be sold every day no matter how low the price. IF the community doesn't buy those coins, the price will continue going down. As simple as that. Now, IF the community buys the coins, there will not be a market ... unless demand is created somehow. Perhaps the "secret weapons" announcement will be something much more than a white paper and some in crypto will rush to buy... that is a very hard scenario to fathom now but if it happens, provided the community controls the entire float, the rebound could be swift and very big, but, like I said before, I doubt very much that if some in the community can get some BTC to buy those 7 million, they are going to hold without selling on a significant rebound. And then we will have the exact same case Blackcoin is having for many weeks now.
So those are the reasons for the despair, frustration and crying for devs' help. Same old, same old.
Stating this factual truth, for a couple of now-jaded cheerleaders, is me shitting in the hand where I eat... that's funny. I have eaten a bit on the hands of a few coins, PINK and NAUT of late, but very, very little on VRC. I mam, like about a thousand of others, holding a significant -for me- bag and booking a few gains in the rare moments one can get them for about ten seconds. They believe -amazingly- that if a post here the kind of nonsense they like -patience, nothing is wrong, VRC is the best, we will get to $1 per coin and the other nonsense-, that will actually have an effect on the price. Like I said: Amazing, simply Wow. Actually, WOW.
Now what's really funny, delirious even, is the personal interest of a few in my personal stats... But hey, when there's interest, there should be money. And I am all for money, so I'll tell you what: I can be much more... everything than I am here on pay-per-view. Get together and make me an offer and I guarantee you a much more funny, incredibly much more professional Google hangout that you will ever see the devs here deliver.ine, I repeat, is far from free.
But I'll accept payment in VRC... although this decision is only valid temporarily and can be revoked without notice. I'm sure you will understand, given the circumstances...
Come on boys, 50 takers and you are on!
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