Well. I also started to trade on poloniex a month ago. Until now I checked every thread of the coins I invested in. I bought the coins and dumped them again because they are all shitcoins. Thats how my riskless investment of 10$ turned into 700€. But verge is different. Now I put all my money into verge and im holding it because I believe that 1$ per coin is the minimum potencial considered that monero is at 50$ and ethereum at 200$.
Please remember the total supply of coins!
Verge: ~9,500,000,000
Monero: ~14,500,000
Ether: ~92,000,000
Monero has a market cap of ~760,000,000$
Put this money into Verge, you'll have a price per coin of 0.08$
To reach the price of 1$ per XVG, you'll need a market cap of 9,500.000.000$! That is very close to the current market cap of Ripples XRP or a fith of the current marekt cap of BTC.
I'm also in Verge. But 1$....
... seems a bit too crazy for me.
I resisted buying premined and coins with huge 10-100 billion units and have regretted it. Doge, SIA, BYTE,etc.
My guess is most people cannot do this kind of math and those of us who can are handicapped by logic!
I have heard speculation that 1 Trillion can come into this market. In this scenario some coins could illogically
rise. Let's say 1 T goes into the top 100 coins...1,000,000,000 / 100 = 10,000,000 each coin. This could happen
when the ?T$ sloshing around looking for ROI finds the crypto market. This years price increases are not magic,
the investors are seeming to have finally figured out where the best ROI is! Maybe 2 T is possible - talk about 5
or 10 years and in seems reasonable to me. I have been in a semi-shocked state the last two weeks with my
returns on XVG and other coins I have only been holding since mid Jan this year. IMO this will be seen as the
breakthrough year for crypo. Go Verge! Recent trend lines showing XVG at 1 cent about June 11 have been broken
at this time. Slower rise is good.
9:20 PM PST - Trend line 1 cent by June 12-13 looking good. From 72 sat and 174 sat low points. Only two points.