Why I Invested in Vertcoin (VTC) & Why You Should Too
Back when I first started getting into the trading game I realised quickly that traditional trading techniques won't help me so I started using a combination of traditional techniques and a more modern approach of crypto trading that I started developing.
Vertcoin came to my attention not from a trading point of view, and what I mean by that is that I didn't find them from any of the known exchanges but from social. You see one thing that cryptocurrencies rely on is their community and you might say that "well, all companies rely on their communities" and I totally agree on that but Cryptos in particular can be taken down or brought forward with a single successful tweet as most of you will probably already know.
I started paying attention to their Reddit channel and soon after I was bullishly hooked on them. Their ideas and passion about a decentralised system that works captured me and I knew that they will go places soon enough. In my day business prior of being a trader I had the opportunity to work hand to hand with some of the worlds greatest developers and I knew a good developer when I've seen one.
Having said that Vertcoin possessed something all other coins might never get. They have the single best dev team there is actively working on Cryptocurrencies. Don't misunderstand me there are other great developers out there and my portfolio spans across multiple coins and I still believe that no other team can actually compare with them at this point.
Being as it may, as I've learned from my day job the same applied to this one. Devs and Marketing is not something that can easily work. Of-course at the time of my investment in Vertcoin I knew that this is the case with their team and I was even more anxious to invest. I instantly traded a portion of my Bitcoins in order to purchase VTC at a price which at that moment was 0.14-0.2 cents a coin.
Soon enough my initial investment grew 100x not because of my trading techniques or because of my experience as a day trader but because of research and dedication.
I put effort into every buy that I do. A coin or a token relies on it's community and you have to work hard for your investment to grow roots. I donated money, created ads with my money and even sold the idea of buying into Vertcoin to close friends.
The coin is 100% owned by the people, there is no company, no bank or government body owning it. It is build 100% by volunteers and they worked based on donations. Anyone can help or join the community. They stay pure in the original idea of a decentralised cryptocurrency.
If you want a more technical analysis of Why you should invest on Vertcoin keep on reading.
The specifications
Algorithm: Lyra2RE(v2)
Generation: 84 million
Block time: 2.5 minutes
Block Rewards: 50 coins per block
Subsidy halves every 840,000 blocks (~4 years)
Difficulty Re-Target Time: Retargets every block (Kimoto’s Gravity Well)
Premine: Zero
I want to point out that the difficulty of the coin is calculated per EVERY block which makes it fair to mine depending the situation and not as other coins which change every a set number of blocks making harder for the miners. A fair coin for the trader and the miner.
Asic Resistance
As said above VTC is trying to stay true to the initial idea of cryptocurrency and they take pride by doing so. ASIC resistance is another way of following that path. By being ASIC resistance Vertcoin makes certain that everyone can mine that coin and people with ASIC rigs do not have an advantage over others.
That attracts new miners daily and helps the community grow, which in return makes the coin stronger. They also accomplish helping and educating the new members with tools such as their 1-click miner. Possible the simplest miner to use at the moment.
Atomic Swap
Vertcoin successfully performed an Atomic Swap with Litecoin which means that you will be able to turn your Vertcoin to Litecoin and vice versa within the comfort of your own wallet. No fees. No exchanges. True Decentralisation.
If you want to find out more about Vertcoin go ahead and check their website!
As you can see from the graph it's a coin that will only go up. If you hurry you might get a piece of the pie as I did.
SOunds awesome even if i dont buy abunch vertcion which im probabl about 2 do. Just from mining it alone at the rate it's been going up id have at least probably $25,000+ within a year. Course threw trading if it keeps going up at this rate which sure why not sense i change reality by changing myself well then? we bawling raptor suckers!
But yea i think there dev team is really cool asic resistant mineable coins are the way 2 go as most pepole cant afford those things or might not even want 1 anyways.
i started mining about a month ago and the man some coins might go up or down a shit load in 24hrs or 7 days or even a day. But almost none progressively going up cointionously the way vert has! Invest now Otherwise ull be doing that silly negative ego cristism of i wish i did so and so we all need 2 cut out.
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