Topic: How Verge's "partnership" tanked [-25%] - page 3. (Read 537 times)
good thing i sold my xvg way back last year when its on All time high..no plan to buy anymore 😀..
announcing an 'announcement' never seems to fail to spark an empty pump. it doesn't matter what the news is it's always going to fall once the news is out. in this particular case it's a reasonable cut above the average junk most coins come out with, but it's still a sell the news event.
Good point. If they simply just didn't "announce the announcement" and suddenly popped up with a pornhub partnership one morning it would have been EPIC.
That being said, i believe that the Verge team made a good decision going with pornhub. It's one of the largest websites in the world and has the transaction volume and privacy needs worthy of cryptocurrency. It may take some time before people realize this, but in the end, Verge made a good move with this partnership.
But... Who pays for porn these days
Mindseek, or whatever it’s called, has over 100 million users
Even if they don’t all pay for porn, Verge will get some serious exposure as a crypto capable of being used as payment/currency. And it already puts it ahead of something like Monero, for example
announcing an 'announcement' never seems to fail to spark an empty pump. it doesn't matter what the news is it's always going to fall once the news is out. in this particular case it's a reasonable cut above the average junk most coins come out with, but it's still a sell the news event.
Yes, check the market cap once it is also decreasing and the value of bitcoin is kept decreasing. So it is effecting verge also, even though it is a positive but market is not in a correct situation to increase its price.
As always the crypto space fails to manage expectations and this leads to these situations. I actually believe that Verge did good work and it's a strong partnership for them, however the price should not have increased nearly as much as it did. People expected more and then were disappointed and that's why we've seen the dump.
people expected more because sunerok said it would be the most important thing in crypto and change crypto completely. he kept hyping it up big time, then revealed a simply mediocre "partnership"
announcing an 'announcement' never seems to fail to spark an empty pump. it doesn't matter what the news is it's always going to fall once the news is out. in this particular case it's a reasonable cut above the average junk most coins come out with, but it's still a sell the news event.
Good point. If they simply just didn't "announce the announcement" and suddenly popped up with a pornhub partnership one morning it would have been EPIC.
That being said, i believe that the Verge team made a good decision going with pornhub. It's one of the largest websites in the world and has the transaction volume and privacy needs worthy of cryptocurrency. It may take some time before people realize this, but in the end, Verge made a good move with this partnership.
But... Who pays for porn these days
announcing an 'announcement' never seems to fail to spark an empty pump. it doesn't matter what the news is it's always going to fall once the news is out. in this particular case it's a reasonable cut above the average junk most coins come out with, but it's still a sell the news event.
Good point. If they simply just didn't "announce the announcement" and suddenly popped up with a pornhub partnership one morning it would have been EPIC.
That being said, i believe that the Verge team made a good decision going with pornhub. It's one of the largest websites in the world and has the transaction volume and privacy needs worthy of cryptocurrency. It may take some time before people realize this, but in the end, Verge made a good move with this partnership.
I think it's just another "sell the news".
I am not into XVG.
I am not into XVG.
announcing an 'announcement' never seems to fail to spark an empty pump. it doesn't matter what the news is it's always going to fall once the news is out. in this particular case it's a reasonable cut above the average junk most coins come out with, but it's still a sell the news event.
As always the crypto space fails to manage expectations and this leads to these situations. I actually believe that Verge did good work and it's a strong partnership for them, however the price should not have increased nearly as much as it did. People expected more and then were disappointed and that's why we've seen the dump.
Look at Verge's price falling:
https://cryptocoincharts.info/coins/show/xvg
The development team had asked for supporters of the currency help crowdfund for a partnership that allegedly was going to change everything. They asked for 3$ million in Verge.
The partnership was revealed today and it was with PornHub. The community of Verge is trying to make this seem as a positive highlight but the market isn't pricing it well.
Will verge ever recover or will the downfall continue?
The downfall will continue, i thought that's not an important news honestly and that's not going to change everything. It looks like it was turned to the bearish news for verge. To give an update about big partnership to the financial companies will be much better rather than pornhu* I guess this just like a boomerang for verge. https://cryptocoincharts.info/coins/show/xvg
The development team had asked for supporters of the currency help crowdfund for a partnership that allegedly was going to change everything. They asked for 3$ million in Verge.
The partnership was revealed today and it was with PornHub. The community of Verge is trying to make this seem as a positive highlight but the market isn't pricing it well.
Will verge ever recover or will the downfall continue?
Look at Verge's price falling:
https://cryptocoincharts.info/coins/show/xvg
The development team had asked for supporters of the currency help crowdfund for a partnership that allegedly was going to change everything. They asked for 3$ million in Verge.
The partnership was revealed today and it was with PornHub. The community of Verge is trying to make this seem as a positive highlight but the market isn't pricing it well.
Will verge ever recover or will the downfall continue?
https://cryptocoincharts.info/coins/show/xvg
The development team had asked for supporters of the currency help crowdfund for a partnership that allegedly was going to change everything. They asked for 3$ million in Verge.
The partnership was revealed today and it was with PornHub. The community of Verge is trying to make this seem as a positive highlight but the market isn't pricing it well.
Will verge ever recover or will the downfall continue?
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