I think a lot has to do with McAfee and the saying that a rising tide raises all boats. Honestly, as stupid as it is, I think it has little to do with any of those factors. People use them as justification, but it's not like scalability is a new problem - it's just more prevalent now.
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I agree..John Macafee is the Shilling King..but i also think that people are looking for the next Monero or Dash...there are so many privacy coins that are still affordable..besides Verge...i would keep an eye on Hush, DeepOnion, Bulwark, these coins are more stable than Verge..at the moment XVG has lost 30% of its value..but if you look at Onion for instance it is growing constantly and even when the whole market dumps..DeppOnion doesn't lose more than 20.25% of value and its stats can be compared with the top coins ones...in the end Verge is a big pump and dump..i would like to know your opinion about the above mentioned coins..
I guess that would make sense. I mean after all bitcoin was seeing dips everytime a bank big wig made a negative statement on the news.
Though I heard another theory to why some of these coins pump. And it may or may not have truth to it. I heard Carter Thomas of coin mastery discuss the possibility of newbs in the market buying up cheap coins cause they are cheap. Though he also mentioned other reasons do you think this could be a factor into the pump of something like verge? If so how much of the pump could that be responsible for?