Topic: Vertcoin - 1 | ASIC - 0 | Lyra2RE | Decentralised | GPU Mineable | Open Source - page 36. (Read 415451 times)

Not necessarily all of it , but it would be nice . Used GPU's don't bring in big bucks and it hasn't been long enough for a lot of people to ROI

What is the benefit of this coin? Why would people use this?

Nervous of what? If you have some patience (not years or months, just weeks), getting in VTC is actually safer and infinitely more profitable than putting my money in any bank on earth.

MM may take some VTC of weak mind traders (that is the 90% outthere), but will not take of me a single VTC. He can supress the price to 1 sat if he wants, I'm not gonna sell a single VTC under 50K at least.

Besides that, it's really funny and educative to watch how things happen. Everything gets clearer when you think about weeks, and not days or hours.

now maybe you're nervous,



because "MM" will take many more vertcoins with your 115 Bitcoin 

Please don't start with those mining bullshits. This is a super-classical shake out that nothing has to be with the fundamentals of the coin. Weak hands that bought the other day waiting for the major breakout at 10K will be selling at a loss and will jump at XRP and other "cool" shits of the day, and so on.

That's why you should never use TA supports or tendences in crypto. MM can draw the chart he wants, TA is just for you, not for him, so don't be fooled by the chart!!!

I give VTC 3 months to pump hard from here, not really worried about daily flows.

Don't forget every day 28 800 Vertcoin flow into the stock exchange !!!!!
And here's dump !!!

Very small part of them does't pass through the stock exchange !!!!

Maybe we'll come back around 0.00005000

May I ask what yourr are insinuating? Are you expecting that mining power to move to vert?

After researching ETH some more , they're going POS sometime soon , so that mining power is going to have to go somewhere

This is also very true. I didn't consider the fact that MM might be running multiple markets, and pumping other coins is another great way to try and shake out folks, especially the new money.

True, but consider another option too:

New money, coming from recent profits from other coins, or coming from outside crypto, is entering VTC in a hurry, by market buying large orders. The MM, who doesn't want to pump yet, is trying by all means to keep the price low, expecting people to join in other pumps and sell their VTC.

What will happen is that if this new money keeps coming, the MM will be "forced" to pump or at least stop selling, cause if not he will lose his power at actual prices, and I'm sure he doesn't want that.

I'm saying this cause in the last two weeks, I've bought 114.5 BTC in VTC, and I'm seeing that MM is getting nervous, cause I'm not the only one who's buying VTC in a large way.

Interesting read, thank you!

Capitulation is GOOD guys! Think about it from the market makers perspective.

Assume you are the MM, do you want me to make money?

No, because when I make money that is profit that you, the MM, didn't get and the whole purpose of being an MM is to maximize profit. Therefore, you need to manipulate the market into conditions that will fuck with the other traders mind to make them want to dump their bags and an MM can accomplish this in two ways. One way is to wait. Wait for a long time and over that course of time weaker hands will drop out. The other choice is to manipulate the market, which is what I believe we are seeing right now. However Vert is in a special spot right now because we are still hovering around the ATL. The MM knows he cant shake us out by bring the price down because most of us got in at a price that if he brought it to 1 sat then we would still hold.

So, if the MM cant bring the price lower how can he get more coins? Well what they are doing now is propping up price a little bit and trying to force you into taking a small profit as opposed to sticking in for the big run. A half ass-ed pump is the only way he can get us to capitulate out of frustration with VTC. This is why we are seeing this price action this past week IMO.

The big run feels like it is right around the corner and I hope we can all outlast this MM and celebrate at 200k 

http://www.coinstreetnews.com/2016/08/vertcoin-vtc/

Crypto analysts are saying VertCoin is a great coin and great investment.

It's normal that price is always going up and down. That doesn't mean anything about it compared to other metrics.

Keep cool, and buy some more if you can.

Cheers,

mega

Relax

Yes it will keep dropping, sell now before we go back to 5000sats!
Cmon man use your goddamn brains and look at the fucking chart and decide for yourself if it looks bullish or fkn bearish.

Like like crash today. Will it keep dropping?

It doesn't matter. If ASIC appear on the network, the founders have said they will tweak the algo. As I said above...

If I'm not mistaken they are going to do some POS POW hybrid system

There'll be no asics because ETH is going proof of stake in approx six months. So no time. Anyway, the eth founders have said that if one is developed they will tweak the algorithim. So zero chance of ETH asics appearing, I'm afraid.

Why never? If a coin is popular enough they'll make an asic for it . I'm not saying it's good for the coin . Look at litecoin , it was super popular until asics hit .Vertcoin had asics when it was scrypt n ...well for a couple weeks until we forked.