I'm not even sure why I'm trying to teach economics 101 to retarded believers. Vertcoin would drop an other 75% and people would still say "w/e in vertcoin we trust". I made 500% in 2 months not by going long with VTC. I like the coin and at one point I had 15 000 units of it playing it long, held them for > 2 months.
Someday you wake up with 50% less BTC than if you had kept them in BTC and you just give up. There is simply too much inflation to "hoard" VTC. VTC is not a good value keeper by any means even tho I would rate the potential of this coin higher than doge/ltc/etc.
I'm trying to give pertinent argumentation about why I think that and all you can say is "you just have 37 posts". I'm done losing my time trying to help retards.
You are welcome.
Yeah, cool insulting is fine too i guess. It's ppl like you for the momentous profit that are sadly the culprits and (as of not to long ago) the drivers of the crypto market.
Economics on a alt-coin crypto market ? what are YOU smoking ?
You have only speculators and miners on the market, what kind of economics can u possibly have with this.
So you held 15k for 2 months ?! And I am the retard ? Seriously !? Like that inflation & profitability thing u just pointed out hit you too late ?
You should see each coin as a SHARE instead of a coin. Let me tell you that if/when a big company decides to EMIT 10% more shares to finance their operation that the price WILL tank quite a bit. VTC does EXACTLY that on a daily basis.
I have held 15k VTC for quite some time before realizing this simple concept. That's why POS are much more in demand now, they are more of an hybrid.
Look at it this way, if VTC market cap of 2M VTC is equalt to 200 BTC on march 2014, and that on July 2014 there is now 4M VTC on the market what should the price of 1 VTC on July 2014 be worth if there is no new demand, no new innovation and nothing really new to interest the investors/bad holders ? It's just simple math really. There is just WAY too much inflation and as interest come and go you are going to see PUMP and then slow decline, PUMP and slow decline. It's not that people are dumping their holdings, it's that new VTC are produced in too big quantity to be fully absorbed by the new investors. I believe that if VTC stop minting, the price would not only stabilize but increase in value slowly and steady, like NXT has been doing or BC or w/e.
This is just negative talking! Vertcoin is one of the biggest coins that you can mine and is ASIC resistant. This is unique! everyone knows vertcoin. Sentiment is always bad at the bottom, looking at all the negative post it's a good buy opportunity!
There are still not many Vertcoin out there, and you forget the fact that at this moment BTC shifts only from one alt to the other. You forget that there could be a huge surge of new money from fiat holders in the future. What will the new investors be looking for? Stable coin or Pump and dump?
So bassicly you're only discussing sentiment here and not the true value of Vertcoin. If the price is low and Vertcoin starts adjusting block rewards, what would this tell you, Vertcoin can be manipulated with buying en selling. This not want we want, Cryptocurrency is about freedom not about pumping up your BTC wallet.