anyone remember this fool ? lol he got out at 11k
I do. I'm enjoying his attempts though. I guess from now until VRC reaches what is really worth still goes a huge profit. He will eventually realize that, because there is no more panic selling to half of its price. The staking amount is impressive, the bagholders don't let go for nothing. Why? We know where we're going. Some fools sell off for quick profit.. aaaaand then it's gone. They miss the train and FUD begins.
Sure the market is volatile, but come to your senses, now we're in phase one imo, exponential growth due to larger adoption and acceptance. But phase two has to come, real hype around it, fully working and wallet integrated features, that no other reliable coin has. We'll see the biggest spike here. We'll also see some sells on the way up, big ones also. Traders need to move their stash for the next quick profit coin. Others will just be happy for what they can sell. I believe that will help spreading the coins even better, leading to even more adoption and to real practical usage of its amazing features.
Oh wait, there are also new features in the plans. Oh la la. What's gonna be? The way in up up up guys, when a crash is to occur, that's a long way from here. Maybe I'm right, maybe I'm wrong. Who knows.
Holding is clearly the best option now imo. If you're gonna ride the wave, you're gonna have a bad time.
PS:
While holding, don't just sit and wait. You can always support yourself as a member of the community. That's the same community that raised $3000 in such short time to get the Devs in Chicago Bitcoin Conference.
There are ideas being discussed and the devs are open to suggestions as well. Find the subreddit, get on twitter. There's a Facebook group now, if you like that, where soon you can tip coins. For sure you'll find your place and help in some way. Translations (site and wallet?), coding (tipbots?, games, ticker apps, etc), design (fan wallpapers, logos, t-shirts, etc), PR support (get in contact with exchanges, payment processors, magazines, news portals, podcasts, etc. to know us), start a blog, print paper wallets and give it to your friends or even business wise, getting your own shop where you can accept VeriCoin, for example.
Cheers