well hope we see a little more price action soon as its hard to trade with current volume... maybe there is a pump incoming
Just wait long enough, eventually we will see another pump like we did see a couple of months ago.
For some reason vertcoin has become a pump & dump coin, investors lost their confidence clearly.
What would somebody want with six million Vertcoins? Discuss.
You hold 1/4 the coins at that point.
Lets just say you come out with something that everyone wants, or at least a group of people need, and you only take Vertcoin as payment. And you keep holding the incoming coins. Or lets say you just buy most of the available coins left and keep mining tough with 100+ GPUs, all the while doubling (or more) the hashrate by purchasing a massive amount of power from nicehash. Then you can keep a lot of the created coins and keep buying the inventory. Eventually your only left with holders and those who can only mine a tiny amount of coins for a very high cost and won't sell for cheap anymore.
Imagine if you had a whole group of well funded people doing any the above together.
You could also just inflate the volume on a bunch of exchanges by buying a lot and moving the coins around making a massive pump, but instead of dumping (you cant dump 6 million coins...) you sustain the pump by one of the means listed above.
I've been thinking about offering a ton of bounties to get the attention back on this coin again. Its my favorite coin, I've been mining and buying since almost day one, and I hold a fair share. Its in my best interest and that of many others to bring this coin back into the spotlight. But not until we get all the floating coins for dirt cheap first. No need to start the wave too soon. We have
plenty of time.
BTW. With the Vertcoin price being way below the cost to mine its a great time to have a strong accumulation phase right now. I picked up another hundred thousand or two for a few BTC this last week or so. If it goes down lower or stays this low I'm going to keep mining other coins and converting to Vert because I think we can easily go 10X higher than this again given the right push in the future. Me and some friends/contacts have a few plans in the works...
