Verge is such a love or hate coin. I got guys I respect saying its garbage & guys I respect who've made it a decent part of their portfolio unlike any other coin out there I think.
Not sure where I stand long term for that reason like many other coins, but I definitely see money to be made in the immediate future + Elliot Waves, fractals & laddering oh my!!!!
dont day trade Verge. Instead educate yourself on the coin. The whole team are very active on twitter, the wraith protocol is going to be huge.
I'm daytrading on the way down, and holding on the way up.
Here's my take:
Right now, Verge is a good idea. So if they execute it can be useful. It's a fast 30 second blocks with privacy that is suppose to work seamlessly in the wallet.
A lot people love XMR and it has much better tech. But sometimes people don't need NSA level privacy. They just want to buy something without their wife seeing it on the credit card. A fast, private coin would be useful.
The other thing is that XVG has a small development team that doesn't communicate much. Someone put a Wraith protocol timer up online but it wasn't the dev team. So people thought the developers missed a deadline but they never did.
They get criticized for not responding to rumors. Fair enough. They generally respond in their chat channels rather then make official statements. This has created a lot of mystery and crazy levels of anticipation.
It may just be a genius PR move because everyone is talking about Verge. Either saying it will be amazing when released or saying its never going to get released and its a scam. If 75% of people call it a scam and it gets released, XVG will fly. But I do think there will be a sell the news drop as well.
I don't understand what you're saying. The Wraith protocol is in the Github, so forgive me, but it is very real!!
Solid take. Thanks for putting it out there.