Vertcoin - First Scrypt N | First Stealth Address - Privacy without mixer - page 465.

jballs

member

Activity: 182

Merit: 10

Quote from: mattbigblue on February 08, 2014, 07:17:51 AM

Nethashrate dropped from 5+gh/s few days ago to 3,5gh/s at the moment, more vtc being mined, gox bullshit, so the price is falling..that's simple as that...I sold most of my vtc for 0,013 and I'm slowly think about buyng back, but as long as nethashrate is dropping we won't see any upward movement due too many generated coins going straight to market..

p.s. nethashrate stabilized since yesterday in 3,5gh/s range...if it's stay like that for next couple of days it would be good to start buying vtc again.

I'm a noob about to school a miner on hash rates so forgive the arrogance but you're wrong. If that were at all true no coin value would go up because the difficulty always increases. If BTC hadn't got the tar kicked out of it and panic selling were not in full force the correction would have ended around .075 where it turned hard south on the chart instead of north.

Not that we can know that for sure but that dominated all other factors. Look we have been listed on all the right exchanges (which does not include crypled) in record time and there is still much bafflement outside the initiated as to how and why vtc rocked it out of the gate. The supply of coins here is nil compared to any of the rest when you relativize it to demand potential.

Obviously more coins is selling pressure but easily absorbed if the mood is right in the market. Just had very negative mood since Gox. I will add the BTC chart is terrifying me a little, but it really always has so it's nothing to take into account... aside from I am sure others are seeing the same technical picture as I am and wondering if there is a bubble bursting. Same has been said time and again of btc though so will cross fingers and hope the trend resumes.

micryon

full member

Activity: 154

Merit: 100

People in this coin can do more than just wait to effect the success of this coin.

Success of the coin is driven by the individuals who believe in it's success. Unlike large corp stocks where you can't really affect anything... the volume is low enough that you can influence the market, as an individual backer.

A lot of times this whole crypto market reminds me of penny stocks (watch wolf of wallstreet).

The more support, tools, and "culture" this coin has, the more successful it will be.

So if you want to move the price:
  - if you are a writer: write some press releases, blog about it
  - if you are a programmer: write a cool app for vertcoin, android/ios.. casino, games that take vertcoin.
  - if you are an artist: make some cool memes, graphics
- Tweet / facebook share / like.. just get the word out there.
  - if you can't do any of that: then bug other people to do it for you

Talk about it with coworkers/friends/miners .. convince them of VTC's future.

Just buying, selling or even holding.. is just an attempt to wait for others to do those things... whereas you can take control of the situation yourself.

pangu

hero member

Activity: 2912

Merit: 604

CoinMetro

http://www.reddit.com/r/vertcoin/comments/1xcnne/i_am_the_developer_of_vertcoin_here_to_explain_to =)

mattbigblue

full member

Activity: 182

Merit: 100

Nethashrate dropped from 5+gh/s few days ago to 3,5gh/s at the moment, more vtc being mined, gox bullshit, so the price is falling..that's simple as that...I sold most of my vtc for 0,013 and I'm slowly think about buyng back, but as long as nethashrate is dropping we won't see any upward movement due too many generated coins going straight to market..

p.s. nethashrate stabilized since yesterday in 3,5gh/s range...if it's stay like that for next couple of days it would be good to start buying vtc again.

roede94105

sr. member

Activity: 294

Merit: 250

Quote from: jballs on February 08, 2014, 06:39:05 AM

Quote from: roede94105 on February 08, 2014, 06:27:53 AM

Anyone having a decent explanation as to why the price is going down?

I don't really mind since I'm here for long term, but I'd like to try and understand why, since there is not many big addresses that could play with the price, and the gravity well supposedly keeps us from being hit hard by multi pools.
Any idea?

its just bitcoin, it dropped 25% yesterday (guessing you noticed but..you are asking). Fear grip the market and not ideal mood for a record setting coin to push north of ten bucks inside of three weeks. Blame Gox, as soon as btc and ltc get a little rally off the lows (if they do) vtc will go back and retest at least the top of the range. That was a superfast recovery we just saw, there was hardly any volume. It was some profit taking and a lot of fear selling. We see a 750 print on btc with ltc back into 19 handle and spec money will come back to vert. We have their attention, now we need the needle to shift from fear back to greed and we will run higher. (Sorry it's spec logic I know it isn't pretty but it's real).

Kinda funny the gloating trolls marked the bottom almost to the minute.

Always be a contrarian is you are able. It's money. There's only a 1% for a reason.

Thanks, i'm in for long term and hold my thousands anyway, just trying to make sure I understand the side effects of bit coin and all this.

jballs

member

Activity: 182

Merit: 10

Like 3am yankee time on a saturday morning is a good time for exagggerated moves, a 50mb spread in the wall at crypled and buy wall at coinedup (which is running MUCH better thanks to whomever) is 44B which is lowest I have seen it all week. Nonetheless there has been very little selling volume, a few 2BTC lots here and there.

iarsenaux

sr. member

Activity: 350

Merit: 250

This coin got no future. Please dump all your VTC at coinedup.com while it is still @ 0.005btc

P.S. Please pm me before you make a major dump and make sure that i am online before doing so. Cheesy

jballs

member

Activity: 182

Merit: 10

Good morning Verters,

I hope you slept through the drawdown. BTC putting a floor in around 720 (gox has finally lost all of its hostage premium and is trading below bitstamp). Vert had a nice vertical bounce of around 20% in a few minutes, a very thin volume decline retested prior lows and held firm. Provided any followthrough on bitcoin stability we may see a relief rally into .007 territory.

Very tough climate the last couple days. Short term who knows, long term the market loves this coin. Don't doubt that, there is nowhere else for spec money to go.

dunchy

sr. member

Activity: 299

Merit: 250

below .005 on cryptsy ... aaaannddd another 50LTC of mine dumped into VTC... Thanks for the cheap coins!

jballs

member

Activity: 182

Merit: 10

Quote from: roede94105 on February 08, 2014, 06:27:53 AM

Anyone having a decent explanation as to why the price is going down?

I don't really mind since I'm here for long term, but I'd like to try and understand why, since there is not many big addresses that could play with the price, and the gravity well supposedly keeps us from being hit hard by multi pools.
Any idea?

its just bitcoin, it dropped 25% yesterday (guessing you noticed but..you are asking). Fear grip the market and not ideal mood for a record setting coin to push north of ten bucks inside of three weeks. Blame Gox, as soon as btc and ltc get a little rally off the lows (if they do) vtc will go back and retest at least the top of the range. That was a superfast recovery we just saw, there was hardly any volume. It was some profit taking and a lot of fear selling. We see a 750 print on btc with ltc back into 19 handle and spec money will come back to vert. We have their attention, now we need the needle to shift from fear back to greed and we will run higher. (Sorry it's spec logic I know it isn't pretty but it's real).

Kinda funny the gloating trolls marked the bottom almost to the minute.

Always be a contrarian is you are able. It's money. There's only a 1% for a reason.

ieatm3s

full member

Activity: 168

Merit: 100

I think people(non-miners) who got excited and bought at 0,010 - 0,015 range just lost 60% of their investment and are panick selling to not loose the other 40%. Obviously, there is more than one such individual. I expect the price to go back to 0,01 within a month, and higher when ASICs begin showing up. Thats when people will really start paying attention to this coin. Until then, its just all of us on the Vert train. Im not selling. Hell no. Also. There will be a story in FORBES next week on the best cryptos to watch in 2014.

gonzzo

full member

Activity: 140

Merit: 100

Quote from: uswapme on February 08, 2014, 06:29:22 AM

Quote from: roede94105 on February 08, 2014, 06:27:53 AM

Anyone having a decent explanation as to why the price is going down?

I don't really mind since I'm here for long term, but I'd like to try and understand why, since there is not many big addresses that could play with the price, and the gravity well supposedly keeps us from being hit hard by multi pools.
Any idea?

chill out. it was a foolstrap.

and up we go 0.0058 maybe a rally ...

uswapme

member

Activity: 84

Merit: 10

Quote from: roede94105 on February 08, 2014, 06:27:53 AM

Anyone having a decent explanation as to why the price is going down?

I don't really mind since I'm here for long term, but I'd like to try and understand why, since there is not many big addresses that could play with the price, and the gravity well supposedly keeps us from being hit hard by multi pools.
Any idea?

chill out. it was a foolstrap.

roede94105

sr. member

Activity: 294

Merit: 250

Anyone having a decent explanation as to why the price is going down?

I don't really mind since I'm here for long term, but I'd like to try and understand why, since there is not many big addresses that could play with the price, and the gravity well supposedly keeps us from being hit hard by multi pools.
Any idea?

jacknb1ack

newbie

Activity: 48

Merit: 0

Quote from: mmihai1978 on February 08, 2014, 06:01:23 AM

kgw will save the coin.

low price and miners lose interest -> great, diff decreases immediately.

i would love to see diff back at 9.

+1 for this ... almost everytime looking at pool dashboard, wish that the diff will go lower for some times Tongue

ieatm3s

full member

Activity: 168

Merit: 100

Quote from: quarkkid on February 08, 2014, 05:46:48 AM

Quote from: BorisTheSpider on February 07, 2014, 07:26:22 PM

Quote from: nasone32 on February 07, 2014, 07:18:34 PM

OK we want this coin to be the best, can we brainstorm some ideas?
i see there is a lot of people willing to work to make this happen.

I know something you don't...

I was already going to tell you all to hold this coin, but this time I mean it - don't tell me I didn't warn you all.

That's the last I'm saying. Cool

care to shed some light as my portfolio is getting eaten by this coin as its starting to tank, need some faith right now...

I think a financial magazine will publish a story on it next week. When that happens...

EDIT: Forbes? wow..

Cryptomancer

member

Activity: 84

Merit: 10

Quote from: FreePls on February 08, 2014, 05:42:52 AM

Quote from: ieatm3s on February 08, 2014, 05:40:43 AM

Yeah. price is down to a third of what it was 2 days ago. I wouldnt be surprised if major dumps start occuring. RIP VTC.

lol idiots Cheesy

yea gogo everyone sell i will laugh at you in a week..

Every successful coin experiences pump and dump... But you know, if they sold the coins, that means someone bought them! And those people who invested won't let the coin die! MINE, BUY AND HOLD GUYS!

mmihai1978

sr. member

Activity: 378

Merit: 250

kgw will save the coin.

low price and miners lose interest -> great, diff decreases immediately.

i would love to see diff back at 9.

LeFiste

full member

Activity: 157

Merit: 100

all the vert non-believers will have their Shocked

moment when scrypt-asics kick in...we verters will laugh at you then Cheesy

uswapme

member

Activity: 84

Merit: 10

if someone selling - someone buying. if someone selling - someone mining. i think it'll be a huge pump later.

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