RE: My Crypto Perspective From A Newbie #Verge #XVG Investor
ill say I gained most of my profits from ETH I have complete confidence in the project. over my time of just 1 year and a half which is just before things started to get hectic I've seen many emotions and discussions by several people. now going back into the main topic at hand I could see why people are putting their money into verge because of its low cost and to a person who has nothing it looks like perfect opportunity to join in but I've now seen people losing their fundamentals or joining the market without any to start with. so now you have a mountain of people all pumping something that truly needs to prove its a privacy coin but no one cares about that it's all about the money now and how to get rich quick which will screw verge over. I personally put my money into bigger coins the ones I could trust that have a strong community and a good development team. remember that this is a long-term thing and if you want to divest into these lower tier coins
I am also trying to see such an approach as you have taken. I'm holding on to the possibility that Verge has a future as a "privacy coin" as to the best I understand it, and whether any of this wraith protocol talk amounts to anything or not, I've committed to the currency and it's core community, for better or worse. I'm certainly not throwing money away that I can't afford to lose. I see, as you say, many people pumping money into a "get rich quick" hope. I'd like to think of my minuscule dip into this market as an experiment that may or may not ever pay off. Now I'm in "set it and forget it" mode, as life has more important things to be treasured.
I'm in the same mode you are now. The reason that I'm so into this is that I'm literally OBSESSED with this coin!! I have been since I heard about last May from Crypto Jack on Youtube .But if isn't meant to be so be it. There will be more opportunities ahead. As James Altucher points out these Cryptos are in their infancy . Remember in January Coinbase will add more coins. They are sure to increase in value. And on February 2 2018 it is believed that Amazon will make a major announcement related to cryptos. They may start accepting them as payment or even create one of their own.