these prices of vericoin seems like a good change to buy in but I have some (noob)questions. If someone could help me with these
Are the devs of vericoin still active ? What are they working on at the moment? What is the long term goal/ vision
Reddit seems to be where the most action is for vericoin? This tread dont seem that active at the moment. I actually mostly read btctalk only, so much to read to little time... are there things that are a 'must read' for vericoin?
Are there some projects that are done by the community?
Where do the devs update ? Here ?
Is there a reason for the down trend except the 'normal' down trend a lot of alts are experiencing at the moment especially those who a a beg rise some weeks/moths ago like drk, also volume seems low in the hole altcoin market, whales are on vacation ?
1. Yeah the devs are still active - I've reached out to them a few times and have often gotten a reply within hours. If you want to talk to them directly you can usually find them on the IRC channel.
2. A good 'must read' for vericoin just recently came out at the Vericoin party that was held a few days ago...
http://www.vericoin.info/downloads/talk.pdf3. Someone can probably answer that better than I. Veribit... Veritalk radio... Andriod app to name a few
4. Devs update in IRC mostly, then people spread the word through other channels. I personally use bitcointalk.org myself so I complain frequently there isn't enough info here. But socal and a few others do a pretty good job trying to keep this forum updated.
4. Downtrend is happening because it went up 200% over a couple days (like most coins) and then is just coming back down to the norm. I couldn't even tell you what the 50/200 MA would be from a technical standpoint but we're probably coming back down to the norm. The mintpal hack/hardfork sure didn't help things either. Not sure if it will ever recover from that.
Outside of those last points I think VRC is still a great coin to invest in - I picked up another BTC or so worth a few days ago back around the 15k-16k area. Given the technicals I have a feeling you can probably wait a little longer and still pick up some more at a lower price but knowing alt coins and the way they move, at any moment it could jump back to 30k+