Without having to read through this big thread, what do you guys think about verge's future? Would it be a good strategy to buy something like $100 worth of verge, and then hold onto it for a few years?
Is the technology really all that promising? I've heard both sides. Some say its great, and makes things easier and more private than Monero. Other say its nothing but Monero with Tor tacked onto it. Thoughts?
kel-alt -
If you look at a lot of 'all' charts of coins, showing entire price history, which is the CMC default display, you will
notice a lot of them have two features. The first is the 'new hype ICO factor' - the coin rises quickly 5-10x (or more)
and then drops, sometimes fast dump, sometimes over months. Then there can be nothing for a year or two. During this time there is some development and the coin 'road map' makes progress and the wallet works. Then the coin begins to rise and in many cases, ETH, DASH, BTC, come to mind, go up way beyond the first spike.
So, yes, get some Verge and hang on to it for a couple years. It's what I am doing. I have some other long shot
coins as side bets, but Verge is the best in this group IMO and has my biggest stake. Verge is adding smart contract
feature, which will make it different than Monero. I have heard that making a major change in a coin that has a lot of traffic will slow transactions, which people don't want. So, Verge still being small, can more easily make changes than Monero. Good luck to us all!