^^^^
Finally you are getting it. Took you a while but you are getting the whole gist of it.
Unless James chooses to save it -again-, here we come again Palookaville.
As much as I agree all the "vericoin projects" have pretty much been a bust for the last 2-3 months, I will say that I'm still personally really excited for what James and the SuperNET project brings to the table.
From my understanding the vericoin/SuperNET relationship is all still moving forward and that James originally said he would be about 6 months out from making Vericoin one of his priorities. That puts us at end of Q1/15. If we can even get half way to the perceived target of 50,000 statoshi with James/SuperNEt's involvement then we are talking over 100% from current values. I'm more than happy to stick around for another 5-6 months to see whether or not i can make a 100%+ ROI. Totally worth it to me.
This is just total speculation but somebody recently had a couple of 10+ BTC orders get filled on bittrex in the 10-11k range. I mean at today's prices it's not a lot of cash, but nevertheless someone (perhaps James?) is loading up on VRC. Again, total speculation here but I would guess we are all at the mercy of James's hand and that he will continue to wait for orders to be filled until he feels he has enough VRC to move forward and at that point let the fun begin
Who know though... I could easily be 100% wrong.
No, no you are probably quite right. Question though is will people hang on? Yes it isn't a lot of time but looki where we are now considering where we were not 6 months, but 3 months ago...
In 8 days there's another whale of an ICO coming: BRO. That is going to suck a HUGE amount of BTC. We do know by now that the availability of capital in the Alt world is not just limited, is pretty much stagnant too so the coins and projects that lack momentum will continue to drift rather quickly as money concentrates on the ones that have the momentum. This has been happening already for a while and will continue so... James' Supernet, for instance, sucked $5 million from an already over extended pool. I am expecting a huge amount now going to BRO in 8 days. That money doesn't come from outside for the most part, it's just recycled money, people selling their VRC, for instance -and many others- to place their bets on more promising projects, not just in the short term but long term too.
Show me a single altcoin that has proven, even at this early stages, so far to be a good "long term" investment... NONE whatsoever.
Now if you have 1 BTC in VRC at current price, even though you started investing in it 3 BTC, where do you really believe your 1 BTC will be more profitable in a week, in a month, in a year, in VRC or in BRO? Draw your conclusion...