What do you think about VTC price after MON is now active and nearly all miners are getting extra mon by mining VTC.
Will VTC decline because it can be dumped for cheaper price because the extra worth of MON fills the gap ?
My experiance ofter the last months was that nearly nobody holds the coins and exchanged them to LTC and BTC.
As i was holding all the coins i mined i made nearly on all a big loss.
The last ones i have over with a worth now is VTC and DRK and VTC is on a decline over weeks and Diff is not falling,
it´s rising. That makes me belive there are a lot of miners that can mine on free electricity or why can they dump on such cheap price over weeks.
In theory, it should be roughly neutral. The bottom line is that once MON hits the exchanges, the difficulty will rise accordingly and the return-per-hash will be roughly equivalent to the field. Basically, you'd be getting less VTC but the MON would make up for the difference. There are the added bonuses of improving the security of the blockchain and reducing the benefits of multipools as well. That being said, in reality, nobody can say for sure how things will play out.
I expect VTC in general to rise in value as more and more GPU miners start moving over to scrypt-N - we're literally days away from scrypt coins being nonprofitable to mine with GPUs across the board. Even if you have free power, it would make more sense to move GPUs over to scrypt-N when the time comes. Looking down the road, VTC will surely be the flagship scrypt-N coin with the others filling in the gaps at the bottom for people to jump around in.
Values are down almost across the board - it isn't just VTC. This is a bear market and, while a rebound is surely right around the corner, we aren't there yet. People got hit hard with the "country coin" fad where alts like Auroracoin dropped as much as 200x in value - those people that lost on those gambles pulled funds out of alts and even BTC as the people on the inside dumped, took hundreds of thousands of dollars worth of BTC, and cashed it in. People were dumping every alt they had to get in on the country coins; add to that the depressed value of BTC (vs where we were at - not claiming it's undervalued or overvalued) and the fact that there are more miners than ever and the cost of electricity almost exclusively changes in one direction (up) - returns aren't as great as they once were (and mining returns will likely never be as good as they were in December ). Regardless, if you can bring in more that you're spending on power, it's still worth it, right? If nothing more it's a great savings plan as long as you aren't taking it in the shorts too hard on the dips. The winners in this market are the patient people - impatient/impulsive people almost always lose. In the case of the fad coins, there is money to be made if you get in early and if you're lucky. Beyond that, it's a suckers game that was rigged from the start. Sometimes people believe what they want to believe and everybody wants to get rich quick.
I'm extremely critical of new coins and, in my honest opinion, I think Monocle is an all-around positive addition. Sure the brand/logo projects a strange image for a financial instrument and I'm not planning my early retirement or anything but I'm excited about MON and looking forward to helping to get the handful of (pretty minor) kinks worked out.
