I'm getting a little bit scared. 50% of my investment is lost. VRC features are beeing copied and the value of other coins explodes (cloak,rdd and others). Have we already seen the top value of VRC?
If I would have invested the 4 BTC in RDD at the same time, I would have 24 BTC now, so I only have 2.
I hope beeing patient is not a kind of stupidity.
Regards,
Michael
P.S.: I just looked in my wallet. I've got 0,4 VRC from the mining pool in the last 24 hours and 0,0 VRC from stakeing. So why should i keep the machines running?
stop mining, bet you will continue to get payouts for a day or two after you stop, it takes time for the OBA to buy coins at best price and pay them out not to mention we have to wait for solved blocks to mature before they payout to get converted into VRC this has been stated AT LEAST 100 times here and on the IRC.
Also get out if you want, but look across the spectrum wheres all the volume? volume has disappeared across the WHOLE altcoin market and it would only take one whale to come in a buy up VRC to push price back to 50k because volume is so low. What little volume there is left is soaked up into the few "flavor of the week" coins which will in turn get dumped and then move onto the newest "flavor" in short don't agonize over P&D's you will lose far more money chasing the pumps then you would holding VRC longterm.
I can't tell you what to do with your own money but I can damn sure try to stress the market conditions to you, and right now market conditions suck for everyone (except the few P&D coins)
Nothing is wrong with the volume generally, at least the volume that could move Vericoin to 100K is obviously on the market. Investors just don't like this coin and even I still hold my vericoins I fully understand why there is no interest in vericoin lately and the interests have shifted to other probably better coins. Innovative coins, good news and exciting features (blockchain 2) are getting very nice volumes - see Viacoin. It is clear people who are interested in altcoins and investors think the current features like Veribit, Fiat in wallet are useless (otherwise they would invest), the fantasy about third world domination is baseless, also initiatives like the radio and silver coin which are good fun and great community projects but from investors' viewpoint such additions to the coin mean nothing. The regional representatives sounds good but will bring a combined of no more than 0.2 BTC from the Phillipines and Kenya, that's not going to make the coin stronger, and investors don't put money into a coin that executes such business plan.
Investors with real cash and BTC are interested in good news and usable features, Vericoin has none of them lately and therefore the price is low. This shouldn't be like this because even with the latest addition I don't think the Viacoin devs are a lot more competent than the Vericoin devs, Vericoin devs are perfectly capable to implement features that the market rewards with investment and hopefully they are going to start delivering good features and good news sooner than later.