@adamantasaurus, let me just repeat what I said when Verge was still 67 sats: 1000 sats is a perfect price for Verge at this moment in time. Everyone seems to forget that it did a X15 in three weeks which is incredible.
Obviously, its been overhyped (pushing the price to almost 2000), it created a lot of bagholders (sorry, but buying after a X15, you took a great risk) and we've seen a lot of FUD (people wanting to buy cheap).
But all of this does not change the big picture at all.
In contrast to many other coins, Verge is actually being developed on, by people actually focusing on the tech, quality, privacy, usability instead of just pumping the price.
The main developer is on Twitter, Discord, he replies in Github repo's and he even sent me a direct message recently. I wonder if he ever sleeps.
Wraith was delivered as promised (who cares about a few hours, they're volunteers, they found a bug and fixed it, well done).
Sure, bugs will be found (I always doubted the radio & chat for an anonymous currency) but they were fixed (chat, radio removed) and I'm sure other bugs will be fixed in the future.
This coin rightfully moved to a higher league the past month. Just let it settle down a bit and grow from here.
With the whole altcoin market growing, crypto privacy getting a bigger issue every day and XVG being actively worked on, we will see a new All Time High soon.
That day, literally no one will be at a $XVG loss. Except for the ones who sold too early.
awesome thanks for the unbiased reply I really appreciate it I'm going to get my gf and a friend to invest in it as well I threw $1500 at it and I'm doing pretty good but I invested earlier. Do you think now is a good time for my gf and my friend to invest or should I tell them to wait for another drop in price?
@adamantasaurus
First of all, you should not be getting anyone into buying any coin. Anyone owning some value has to decide whether they want to store that value in dollars, silver, crypto or anything else.
Second, I will not and cannot tell you (or them, actually) if 'now is a good time' because that's a personal thing. Trading in general means buying low, selling high. $XVG just went up from 0,005 to 0,14 (+2700%), so one could say it is 'high' and sell. But it also went down from 0,24 to 0,14 (-41%) in a few days so one could also say its 'low' and buy.
Remember: At any time and on any market, there's a buyer for every seller. Both are thinking to make a profitable move. And both may, or may not be right.
This is what's happening right now to $XVG: It's being sold by people who think the current price is 'high', to new people who think the current price is 'low'. And that's exactly the paradigm switch we need to allow $XVG to grow to a new All Time Highs and beyond.
Personally, I'm long term. I bought $XVG when it was longterm-low and will sell towards a long-term high. I don't care about these minor movements at all.
