Verge (XVG)

Author: Kaloyan Roussev
Date: 29 August 2017

Do not make investment decisions based on this article – read the disclaimer before you proceed and leave the website if you disagree with it.

It is 29 August 2017 today. This review takes into consideration investing in XVG at its current price at 78 satoshi

Verge – it might be a good opportunity, I will never know – I don’t believe in this coin.

How do I rate an investment in this project at the current price? (TL:DR)

I am not going to invest in this coin for four glaring reasons:

  1. it is YET another coin that stands for “anonymity and privacy” – seriously, how many MORE of these will we get? The consumer’s minds have only one box for each category and this box has not only been already taken, but there are many cryptocurrencies fighting for it. (Monero, ZCash, Signatum are the first ones that come to mind)
  2. It is associated with TOR. The second I see TOR I am out of there. TOR is for paedophiles and drug dealers. I don’t care if it’s the greatest investment opportunity out there
  3. 16 BILLION coins in circulation.
  4. It already had its spike, now I think it might need some time to cool down

 

Website: https://vergecurrency.com/
Coinmarketcap: https://coinmarketcap.com/currencies/verge/
Exchange: https://bittrex.com/Market/Index?MarketName=BTC-XVG

 


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