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Where are the whales when VTC needs exchange funds?

The whales are showing bad financial judgement by not stepping in and donating 0.1% - 0.2% of their portfolio for exchange listing fees. We would get at least 10% bumps if we could get on Binance and Bitthumb. You lose 0.2% to make 10%? Do the math. I put in 0.5% of my portfolio.

Even for medium-size hodlers, if you are holding VTC as a portfolio item it is crazy and self-destructive not to contribute 0.1% to exchange fund.

Let's get this done.

For reference: Here is a list of the top 100 addresses. https://bitinfocharts.com/top-100-richest-vertcoin-addresses.html
Even if half of them were exchanges (unlikely) we would still easily clear exchange goal if the rest gave 0.1%

21 comments
72% Upvoted
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level 1

Since 12/27/17 we had donations of 53, 100, 154, 200, 201, 400, 666 and 999 VTC. I think we're doing pretty good.

level 2
-1 points1 year ago

Still not enough. I donated some 10% of my relative small amount VTC. I think the richer positions have to do their part now, take responsibility. I highly agree with the poster.

level 3
3 points1 year ago

There is SO much VTC out there that hasn't moved since '14, '15. #13 on that list hasn't moved since November of 2015. I bet that poor bastard lost their wallet. Hard way to lose $2million.

level 1
13 points1 year ago

Maybe they prefer to keep the price stable to accumulate more 馃

level 2

Yeah, isn't that like their whole game? They don't care if its massively successful in the long term. They just manipulate price, accumulate and dump. Or that's my understanding anyway

level 3

They way I understand accumulation is that they keep the price stable to buy more at a cheaper price because the believe in the coin long term.

level 1
5 points1 year ago

complaining to high value people, will, not do balls. lol.

They have access to far more commercial knowledge than we mere mortals.

Knowledge is power broooooo.

level 2
Original Poster0 points1 year ago

Seems like weak knowledge. Increased liquidity / price of VTC enables more investment in the features and software that lead to further price growth. It's a big feedback system. Not taking advantage of timely opportunities is bad strategy.

level 3
4 points1 year ago

Let me guess you are a self made millionaire with countless success in the investment markets as well as a crypto expert with a PhD in advanced mathematics and finances to be able to deduce what other people should do with their money.

I'm no expert in any of this, but my guess is that the people who have a huge stake in this have the patience to chill out and let developers work on big milestones.

And this is as much as guess as anybodies. You have the typical tone of someone who is massively butt hurt your investment didn't fucking hit cardano or ripple heights.

Chilllllll your self bro.

level 4
Original Poster1 point1 year ago

You're not too far off :)

I'm not hurt. I'm OK if my entire VTC balance tanks. It's part of a portfolio, and I have patience. My position is a long bet on a diverse Lightning network. I've been in for a year and expect to hold for 2-3 years at least.

The big holders are quite similar to key investors in startups. So when I see such an important call for aid get lukewarm response I do get concerned that however motivated the tech team is they may not get enough backing to survive the long term.

But anyway you're still right. I need to chill. It's holidays. people are busy.

Apologies for being a bit of a sanctimonious ass.

level 5

hey man it's all cool, keeping yourself frosty is always an uphill battle on the internet, for some reason negativity cuts deep but positivity has a mild effect on the internet at the best of times.

I myself become sour on occasion for no real reason, and i only invest max 300$ a month into crypto at that! But damn does it piss me off when my projected value falls by 40% when other coins jump 500% and triple in market value yet are completely fucking useless, at least with vertcoin i can buy things and its not even bouncing up.

level 1
1 point1 year ago

bumps and hype doesnt mean much imo. what we need is markets and use cases

level 2
Original Poster1 point1 year ago

I agree, but it's not either-or. Presence on more exchanges increases liquidity and usually price, which allows VTC holders to contribute more (in fiat) when they contribute VTC. This allows to contribute to exactly the efforts to add features/software that lead to markets and use-cases.

level 3
2 points1 year ago

wont that only inflate the price? I feel we need to "inflate" the use. You wont succeed in this coinrace without being useful. collectors coins will be bagholder coins, alot will start falling soon

level 4
Original Poster1 point1 year ago

exposure on exchanges also increases acceptability to users. Also even medium term inceases in price increase our ability to pursue development. Pump just for pump sake ends badly. Pump to support dev and exposure for use cases helps long term growth. I trust the dev team to pursue the latter.

level 5
2 points1 year ago

I really feel there is a market for online money, and I think vtc, being stable compared to BTC and asic resistant (for people) makes it a great candidate for that.

A useful currency shouldnt be 100k a piece, tbh, even 5-10 bucks a piece is a bit much :/

level 1

Not sure what makes a whale, but I've thrown stacks

level 2
Original Poster1 point1 year ago

Thanks! You'll get it back when we start getting on more exchanges!

level 1

Great point OP.

level 1
1 point1 year ago

Best way to earn is to get the inside scoop on the whale groups that pump coins. Observe what they do, learn their tactics and use it against them. Here's the discord of a pump group, enjoy.https://discord.gg/ugMcnV6

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