I get that the circulating supply is very limited for the time being, but anybody buying at these prices should be aware that this scarcity will only last for two months, since after that, the block reward will be 96 and the equivalent of what has been pow-mined in the 3.5 first days (and which is now spendable), will be pow-mined in 3.5 days once the block reward becomes 96.
The coin just launched and the team has yet to produce a white paper explaining their vision. Buying this coin for xxx times what it costs to mine makes no sense at all for the time being, well it could make sense (but still) if the buyer is looking for a greater fool (literally) to sell to for a higher price in the upcoming 53 days ... Of course the market is not necessary rational so anything is possible.
Just remember that people sell only if they think they are making a good deal (or they need the money), so if someone tells you it will be worth $100 and is still selling it to you for 1/10 of that, something doesn't seem right ...
I don´t have a clue whats the value of VRSC, i just offered a price that seems to be fair for me to sell at the moment. There no hint, scam or anything else. I mined from the first blocks on with a I7 6700 and was lucky to find some unlocked blocks....so here´s the deal
No offense intended, I was merely balancing the selling offers by pointing out things that I think buyers should be aware of.
I estimate that the daily unlocked coins will be a small minority compared to the 92VRSC coinbases when the halvings get us there
Agree on that (*96). Why is that actually relevant?
$10 does not seem an unreasonable price level for unlocked VRSC at this time
At this time, without taking into account the circulating coins that will reward the blocks mined after 2 months, maybe. Still, we have no idea about what the team wants to accomplish, let's at least wait for the white paper.
Trading VRSC right now really doesn't make much sense to me. It would be like trading BTC when it appeared (at least Bitcoin had a white paper), nobody did that cuz nobody could put a price on it, everybody was just mining, and when use cases started to appear and demand started to grow, then fiat trading started.
Are you prepared to buy VRSC for $10? If yes, why?
