Which one is the better investment Crypti or Vericoin? I like both coins, but the Crypti community predicts skyrocketing Crypti performance and stagnation for vericoin. What you guys think about vericoin price for the next 2-3 months? Would you invest 10 BTC in vericoin right now or better to wait for the floor?
English is not even my third language, so I apologize in advance for all confusions in my post :-))
Most probably I hold more coins than the vocal supporters combined have, for that reason I follow this coin closely, and therefore I can give you an objective :-)) overview about the state of VeriCoin.
Hundreds of investors read the CV of the developers a few months ago. The CVs indicate the developers are capable software professionals with fairly impressive academic background. We liked the transparency theme and such transparency was a really unique feature in the altcoin market at the time. Everyone thought the bright, capable, honest, young developers will pull off this project. It seemed the only option is a success and
if any coins can succeed that will be vericoin. So what happened in the summer? Well, the biggest failure of the altcoin market in this summer is VeriCoin. The price is 9k, the order book is a pathetic 5.5 BTC and the volume is 20 BTC that puts VeriCoin at the second page of Bittrex. The reasons of this spectacular failure are
a) The developers don't work on the software. The general expectations were that the vericoin devs are responsible and reasonable professionals and they will put the hard work into the project, the professional pride will drive them to deliver. The reality is that they don't deliver. That's why it hasn't been released anything in the last 10 weeks. (the meaningless road map that is full of bollocks doesn't count as delivery)
b) The developers are not in the league of serious crypto currency professionals like Peter Todd, Gavin Wood or btcdrak to just mention a few. This summer made clear that in order to succeed in the altcoin market the developers need to posses more skills than the ability of forking Sunny King codes and add a few useless functions like VeriBit, VeriSend and VeriSMS.
c) There is no clear strategy for the development of the coin. Lame ideas like the VISA card take precedence over sensible suggestions and again, no real progress in any areas.
Of course the devs can change the situation of "a", "b" and "c" easily, even "b" is changeable as we don't talk about rocket science here but software development, they can study the code base of other solutions and build on that new features for vericoin.
As the current situation is a complete failure, I strongly suggest do not invest your 10 BTC in vericoin. Your 10 BTC investment will push the price up with 5k, it will make ecstatic the hardcore cheerleaders, they will perform the usual rituals and dances for the cult leaders, socal will write his usual hosannas about the coming 100k price. However, the fundamentals of the project will remain the same and 2 weeks time the price will be even lower than it is today.I suggest you wait, let the developers start working and deliver (anything would be great really) and then if you notice any improvements then you invest the 10 BTC in vericoin.
Good luck and let us know if you need more info :-)))