I'm new to Vert but I love it! Great features, dev and community..no pre-mine...daily volume is ok. What is wrong with this coin? Why has it lost 95% of it's value?
@volyova we are currently in a bear market
VTC from 1.00$ to 0.05$ = 95% down /Vertcoin is only a ~ 10 months old /
LTC from 45.00$ to 3.50$ = 92% down /Litecoin is only a ~ 36 months old /BTC from 1000$ to 320$ - father of all currencies
Everything according to the rules of the game
Bear market
A bear market is a general decline in the stock market over a period of time.[7] It is a transition from high investor optimism to widespread investor fear and pessimism. According to The Vanguard Group, "While there’s no agreed-upon definition of a bear market, one generally accepted measure is a price decline of 20% or more over at least a two-month period."[8]
Examples
A bear market followed the Wall Street Crash of 1929 and erased 89% (from 386 to 40) of the Dow Jones Industrial Average's market capitalization by July 1932, marking the start of the Great Depression. After regaining nearly 50% of its losses, a longer bear market from 1937 to 1942 occurred in which the market was again cut in half. Another long-term bear market occurred from about 1973 to 1982, encompassing the 1970s energy crisis and the high unemployment of the early 1980s. Yet another bear market occurred between March 2000 and October 2002. The most recent examples occurred between October 2007 and March 2009, as a result of the financial crisis of 2007–08.
My advice is buy ... The VERTCOIN price at the moment is a good to entry
What historians say - history always repeats As for price, Litecoin has spent much of the last 6 months between $0.05 and $0.10 on the crypto currency exchange btc-e.com
Potential Growing Pains
While I certainly see the recent growth and news in Litecoin as a positive I feel it prudent to point out that Litecoin may experience some volatility in the coming weeks and months. Litecoin is still much younger than Bitcoin, having been founded just one and a half years ago. However, the relatively low difficulty of Litecoin for much of the last year combined with what had been a smaller mining community means that some early miners may hold large concentrations of Litecoin. This is not unlike Bitcoin’s early days. If we’re to expect similar trends to arise, then Litecoin may see some selloffs of large amounts of Litecoin. If this were to happen, Litecoin is likely to see a considerable amount of short term volatility followed up by an eventual return to an equilibrium price.
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http://cryptojunky.com/blog/2013/03/14/the-rise-of-litecoin/ now all GPU miners looking for an alternative and where to put their Mining RIG
VTC is at the very beginning and is moving in the right range, I'm sure that we close one year we will see a price of $ 10
BE ACTIVE and write often in the topic to appear on the first page in the forum
My VTC Address for a Beer - VwwRjAZRiWHa7kkMBYuFdgvgcVDyj7MxpB
. Also R9 290 are cheap now 