Topic: Sold 300k Verge in the last couple of days and quit my job (Read 467 times)

I know what you mean but I am not convinced traders win on the long run. See with Bitcoin or Neo. Its always the people who got in early and just held for a long time (with Neo not even that long).

A trader would have exited Bitcoin a million times right? Like when they needed money, when they got scared of some daily news .. When Bitcoin got to $10. $50. $100....

A trader would have been out already..... I mean if you love trading, really really like it... and do have a way thats WORKING. That you repeat consistently, with passion and discipline. Really doing a lot of research about teams, markets, technologies, trends, the community......which sure can be a lot of fun.....then trading will make you rich. Because thats basially the secret of most selfmade millionaires... They found ways that work... And just repeated them over and over again.

Like lets say you knew always before a coin gets listed to exchanges XYZ they gain 50% and more, then thats a method you can repeat over and over and in no time you will double your money, double it again, again and again

My motivation is/was more to hold for the long term. Find the best projects that are still cheap (like when people got into NEO at $0.15). And then just do other things with my life. So thats why I bought Verge. It was still cheap back then, and I liked it, the people, the coming update(s), the dev/owner who seemed pretty smart. I just got too scared of the McAfee hype because I expected a slower growth based on facts not just hype.

And now look where Verge is. My main issue is/was that Verge just is not cheap anymore. Its up 30% today, and maybe it will kepe rising, but i think its more of a bet now than it was, when it was still low. I dont really see the potential anymore. I rather invest in underdogs.

Colx mixes Raiblocks with Pivx (Dash) and new, coming privacy features. So i find this very convincing to hold on the long term. Its still the underdog now while Verge isnt anymore. If this makes sense.

But basically, in the end, I would say it comes down to trusting a project... Or not trusting a project. I mean if you are convinced NEO will be HUGE.. then it does not really matter if you buy in at $.15, $.50 or even $1. Because you know it will go to the moon,right?

If you KNOW Bitcoin will go to $1m a coin it does not really matter if its at $12k now or $20k...... Thats just peanuts compared to the gains it willl bring.

For me I just have this feeling with Colx based on my experience.And I am pretty good with money, spotting scams, seeing behind the smoke.. I mean I started with almost nothing just a few months ago... Now i am at 6 digits. Sure I could be wrong with colx, zion.... But their complete packages just convinced me. And I always wanted to get in when a coin is still $5m, $10m or $20m. Not when its already $500m or even $2bn..... I think many people in crypto dont even really realize how much $2bn is

Have a good 2018 everyone,may the market grow for everyone and crush ancient technology and prepare us for a great, great future

Go for Zero(ZER), recently started gaining and I'm already x10 since I first posted here about it.

Wow, did you really quit your job?

You are also incredibly lucky, while verge is a good privacy coin, there are tons of undervalued privacy coins out there.
It just so happened that McAffee tweeted about it and showed the crypto world just how stupid the new money that is coming in is.

I had a period of time when I put some into small, relatively unknown projects with good tech and team.
I would wait for my huge returns that never came.
I ended up switching to short to medium term trading and have found it to be a lot more rewarding.

I did have a substantial amount of iota back when it was .30 cents, I ended up selling them off and look where IOTA is now.
But, in that time, I ended up making more by actively trading rather than just holding.

Well, to each his own I guess.

Its based in switzerland (but was started in germany?) so that alone is something I personally like, as I appreciate swiss people and know they are hard working, good people. But to be honest I dont really understand their ICO, and its not a privacy coin. I did invest in other smart projects as ETHlend a while ago, but currently my favorite coins are just privacy related coins. They really get me excited.

I am not really into it to buy Lambos. I am also not a trader. I bought Verge when they were low to hold them. Just with all the attention and sudden PR for Verge from McAffee, I didnt think there was much excitement in it left for me, for the moment, as I like underdogs. Tho as stated. I still hold some and will keep holding them.

I am a little suprised Colx is up 100% already today (even 200% right now). Maybe its the new Verge/Monero haha, I actually hoped it would climb much slower, but maybe its just me and I should take a vacation for 3 months now since I hold Colx, Zoin and Linda. Without internet

Thats how the people who got in early with Bitcoin, Neo, Litecoin etc did it.

The one thing I am a little bit confused, why do so few people donate to the Colx devs? They are good people, tho I would like more info on who benefits from the donation, and in what other ways we can help. Already putting funds aside to donate to them.

I have VERGE too but i'm holding long term. Like you I also bought Linda as well. I like that the developers are active and it just got added to a new exchange.

Wow big move to be honest. but You can make that 300k into 600k if you play your investements right. Think about trading or investing into something longterm and definite it will bring profits.

Well done! What do you think about envion? I just invested some eth in that project, team looks really solid

Congratulations friend with your successful purchase and sale! unfortunately i didnt buy verge in time when i should and now im waiting some correction for buying and going keep 1-2 years. I thing many coins can fly next time but complicated to quess wich one can give x100 . Bancor and EOS can give X10,next year.

B3coin sounds good but seems to swap soon for Kb3coin? You will only get 1 KB3 for 1000 B3. But I am not sure how this works exactly.

DigitalNote is already at $140m. Of course, this can still go up.Maybe even *10 in the best case to $1.4bn....  But if you buy a $14m coin its 100* cheaper and if it goes to $1.4bn, its *100.....  Not just *10. I mean you do realize thats a giant difference and probably if you buy like 5 small coins, you will have much better success than 1 bigger coin. Even if only 1 of your 5 succeeds.

I came to this idea watching successful Coin as NEO and others. Its those who bought in at 25 cents who had the biggest gains and I strongly believe we will still see such gains in 2018 and 2019.

I realize a $3m or $15m market cap coin is very early. They may not have good websites yet as Linda and Zoin. There not be huge coming updates yet to look forward to. So most people probably rather invest in a coin that has all that already, even if its $150m already or more. But IF it explodes some day, maybe even offers better solutions/products for the market, then you surely can benefit from it the most by supporting projects that are still small.

I often find it extremely hard even with $500m market cap coins to actually be able to see who the people really are that run it. What are they like? Do they have a huge vision, and do their employees share it? So thats why I got frustrated with big coins and rather go in much earlier, like in the times when people bought Pizzas for 20k bitcoins

Get some B3Coin. It is really cheap now. Or you can gamble with Mooncoin... But they are not anon coin.
You can buy DigitalNote if you want an anon coin.

I feel you. I do hold WAVES too, bought them at $5 quite some time ago. Now its $15? I mean this is basically just the Bitcoin gains. I think currently its a pretty damn good idea to go in privacy coins. I used to think japanese MONAcoin would be a safe heaven against Bitcoin but currently Mona is only losing too as Bitcoin is going up and down. So probably privacy coins are the best bet for now, and some are still cheap, I think we have listed the best ones in this thread.

COLX is insane, how can it have 288 contributors in github? They probably do hold large stakes but thats nice its spread out so thick just like with Bitcoin. Many other coins, its probably much fewer people who hold LARGE amounts and will sell just thinking of their personal benefit.


Yeah but it was never my plan to sell Verge so quick. I am not a trader. It seemed like a nice project still cheap back then, with privacy features and coming updates that the market would like (and need). I actually (of course) expected it to grow much slower and bought it to HOLD. But with the insane gains , it being worth half of Monero already, I thought that was just a bit too much. I do hold some still because I like Verge still and hope the coming updates benefit it.

I am also not getting into projects to buy a Lambo, my wish is to give back to the community. I am not sure about wallstreet. Of course for them all the mentioned privacy coins are peanuts and they could probably buy like half of the coins for a few million $s.... but with some coins I guess there is just too many holders. Like with bitcoin. So not a HUGE percentage of coins is even available to buy. It looks like Colx could be the same, since it got so many contributors in github, and its still very cheap at just $15m market value.

Also it might bring legal issues for wallstreet to buy into privacy coins, maybe. It could basically be seen as a tax heaven/offshore money laundering? Just saying.

just watch what coin(s) get added to Coinbase next year and buy as much as you can, VERGE seems likely..they will 10-20x for sure.

Intense Coin ITNS 

Good to hear that mate, i think you are really lucky and was holding such a big bag, as a holder and believer i think verge has paid you well.

Thankyou so much for this tip! I did see this coin (1+2) have insane gains in coinmarketcap but I didnt check them out because usually I do not buy AFTER the gain. But I had no idea its a privacy coin and with an AMAZING community too (288 contributors in github, https://github.com/ColossusCoinXT/ColossusCoinXT/graphs/contributors ). And if its really better than PIVX this at just $15m market cap could actually go *50 much sooner than Linda and Zoin, plus offer a great value to the crypto community. Lets just hope McAffe dont hear of this and make it *500 way too soon. Thanks so much, I will make sure to send you a large tip once it explodes!

Also thankyou everyone else, still going thru some posts Very good tips! I love this community!

Wow that's a lot of profit from your investment in verge, its pretty cool, how I wish I had invested in verge in its ICO stage. Concerning your investment you should have hold some proportion of your verge for another price hike.

Damn you're lucky that you'd invested before it blew up because of McAffee! I do think it's smart of you to have sold your coins during the sudden price spike.
I don't think this growth is sustainable and we'll see it dropping again soon.

Not to say that Verge is a bad coin or anything, I think it has its place as another competitor to Monero, Zcash, etc.

Good for you. my bad, my xvg got stolen by idiot exchanger. But how you can say linda is interesting?
yeah NEM , i believe it'll explode