So... lets talk about this coin folks. Here's my honest take on it.
Trends:
- In response to BTC's rapid growth, governments across the world are creating blockchain analysis tools for coins such as btc; defeating one of its most primary strenghts - privacy. In turn, this will create a larger run into privacy coins such as cloakcoin, monero, verge, etc.
- Crypto's are all over the news nowadays. Now that normies and soccermoms are picking up on this, it will create a new generation of crypto investors. A large portion of them will try to play out the old "bought btc for a few cents" meme and will thus look for relatively cheap coins - thus functioning as a sort of nitro-boost, when this coin goes green, it goes green bigtime.
Selling points:
- very fast currency. - wraith protocol ensures that both parties involved in a transaction are totally obfuscated. - Experienced dev team; started out with Dogecoin dark but eventually dropped that project for something more serious. - very active and vocal community (needed for adaptation) - will enter new exchanges soon. - fast development cycles (many new wallets created recently) - low downside risk, very high upside potential. (doesnt require a shitload of USD to make some decent profits at this current stage) - Solid blackpaper with good stuff on the horizon - Has apparently gained the interest of some bigtime players in the privacy field, such as John McAfee - who is in the process of developing a privacy focussed smartphone.
Cons:
- has a high marketcap. - Lots of margin trading going on, creating a somewhat tough resistance at these price levels.
Considering these things, i think it would be a smart move to invest a few hundred USD and putting it in a hardware wallet for one or two years. Agree, disagree?
Cooper Reyes
im in this one pretty hard
Brandon Ortiz
>invest a few hundred USD and putting it in a hardware wallet for one or two years already done I have a bunch and can absolutely sit on these bags for a long while I will play with other stuff in the mean time
Easton Foster
well for what it's worth, i just bough a 100K for about 550 USD. Feels good. Time will tell what it will do eh.
Nicholas Foster
btw... why would McAfee experience difficulties aquiring verge? Any thoughs on it? Pic related.
Elijah Cox
He's a wanted criminal in US and that is where the exchanges are that hold XVG
Henry Russell
IMHO the market cap isn't a con. From what I gather they intend for this coin to be normie friendly, to be used for tipping on twitter, discord etc. Wouldn't you rather be tipped in whole numbers than get a micro amount of a coin?
Mason Nguyen
can you please post coin supply over time/inflation rate/links to info
Luke Thompson
cons: Devs talk like retards
"Ummm... wow. Just... wow. In short, sir, you are the exception to the rule. I’ve heard about some issues (there are always technical issues with any product), but yours takes the cake. Your story reminds me of the one-star reviews on Amazon for products that are “Amazon’s Choice,” and the #1 seller in their category, because they got the 0.001% of the units that were defective.
Whatever the case, I’m sincerely sorry about what you went through. It sounds like you don’t have any current issues, but please correct me if I’m wrong?
We have new core wallets being released soon, but I don’t know how long ago this transpired.
About failed stop orders, I hope you know that has absolutely, positively NOTHING to do with Verge.
The insane amount of time you waited for support at any exchange has absolutely, positively NOTHING to do with Verge.
The Verge Team has no influence over the quality of service you received at any exchange, period.
I think all of your issues that DO have something to do with the Verge have been solved. However, since new core wallets will be released soon, let’s wait until they are officially released, and after that I will offer to work with you personally, 1:1 until you are absolutely satisfied.
The customer is always right, and YOU are the customer, after all.
Best Regards,
~ Michael Stollaire
Verge Core Marketing Team"
Guy he was responding to was complaining about how fucked Poloniex is.
