Porn Hub Partnership Spells -40% Day For Verge Coin - This Is Why You Buy The Rumor, Sell The News

in #verge3 years ago (edited)

Xvg 1.png

Stay Get Classy, Verge/PornHub.

Well, the partnership is in...and much like Vice and Bunny Token, it's doing nothing for me. Honest.

Verge coin's community is weird. I'd say it's the meme-iest coin since DogeCoin, but that's doing DogeConi a disservice, as that coin's weird community was focused more on advancing the cryptocurrency movement generally and less about personal investor profits.

For example, this wonderful piece is near the top of https://www.reddit.com/r/vergecurrency/ right now:

"The Virgin Monero vs. The Chad Verge"

Xvg 4.png

Does not meet my stringent compliance standards for MS-Paint usage.

There is always some shady story with Verge. It's the lead dev being hacked on Twitter, leading to questions about coin technology - or, it's a community donation drive to fund Ledger support, which many think shouldn't be needed at all, handling funds in a way that appears shady to outside observers.

XvG 2.png

I don't want to say I told you so, but... I did tell you so.

Well, that doesn't seem to be slowing down at all. Now, they appear to be embracing the useless pornography coin "use-case" while employing the BITCOOOOONEEEEEEECTTTTTT Bitconnect method of marketing.

XVG 5.jpg

Too soon?

Anyway, I hope you guys took my previous notes about Verge's questionable nature and my suggestion to try to get out well under 1500 Satoshis (a large, round number that serves as a large resistance area/all-time high).

Remember, buy the rumor, sell the news. It feels wrong. You always want to resist. Do it anyway....because Haejin is right about one thing.

It's almost always priced-in by the time you find out about it.

2018/04/16 BTC-XVG
SELL
88730.07367440 @ 0.00001284

Close enough (to the top) for government work.

Try SteemEngine and get rewarded for every follow or vote!
See my explanation of SteemEngine here.

Post via Busy.org for added exposure and upvotes from Busy!
See how to get extra votes from Busy.org here.

See my explanation of SmartSteem here.

Try SteemFollower today and get rewarded for every vote!
See my explanation of SteemFollower here.

PAL Logo.gif

Join us at the Minnow Support Project! (click me)
We also have a Radio Station! (click me)
...and a 10,000+ active user Discord Chat Server! (click me)

Join the Steemit Poker League! (@spl)
World's Largest Cyptocurrency Freeroll Poker Site, open only to Steemians!

Sources: Google, Bittrex, CoinMarketCap, Reddit, NOT Porn Hub (like, seriously.)
Copyright: SmartSteem, PALNet, SPL, Bittrex, CoinMarketCap, Reddit, Porn Hub, Verge

Sort:  

Pathetic, last ditch attempt to stay relevant.

verge will go back up

that first pic would be an epic wall street/times square sign

I was wondering why my XVG dropped so much lol but I think it'll go up again. The porn community is huge and I think even though Verge is an obviously sketchy investment, there is a chance I might be able to sell at a high that's higher than the speculative all-time high it's allegedly already surpassed. Maybe I'm dreaming, even reaching, but I think this might even spark a new found interest in crypto within a community that hasn't largely adopted it yet. Creating a higher demand for XVG over time could lead to an astounding raise in price within the next 6 months. You know what they say, any media is good media.

I hope you are right! :D

Me too lol we still have 100 of them

I dont want to have anything with porn. Goodbye Verge.

An interesting partnership no doubt. Most people who use the services of the porn sites do not want to use any form of identifiable payment method. "hey honey, what is asspunchers.com?" teaming up with a private crypto could be a great move for them. I guess only time will tell.

It also gets people talking about crypto which is important. Visibility is important.

I have to agree, I think if you employ a perspective from someone who is thinking in terms like this, you could stand to make a lot of money investing in XVG right now.

After this news, people started to Invest in Verge and on Binance, Verge is at the top with Maximum Volume 59511 BTC but I have seen a big down trend after that.

Nice post....... well researched and informative. Thanks for sharing

Hey guys, i have been on steemit for months now but cant recount anything tangible from it.

Please, guys i really do need your supports. I am getting discouraged!😢

I wouldn’t even say this is a partnership Justin and verge basically pulled off a crowdfunding of 10mil to take out some ads and leverage brands like porn hub and brazzers! There is no exclusivity in this deal and really I doubt many XVG investors will be flocking to spent their XVG at these sites

I do think it does present an opportunity for XVG in terms of daily useage volumes and a bit of branding other than that it’s not really as game changing as Justin made it out to be!

Great article and very informative, thanks for sharing. I've smashed the upvote button for you!

If you are looking to get hold of some crypto without investing or mining, look into https://www.crowdholding.com. They are a co-creation platform were you get rewarded for giving feedback to crypto startups on the platform. You can earn Crowdholding's token as well as DeepOnion, ITT, Smartcash and many other ERC-20 tokens.

I had planned to sell monday night but with the doug polk, hack, ledger nonsense I set a stop loss on saturday(I think) for 1025 as the trigger and 1100 sell price, missed out on 1400 but oh well bought them at 250 last summer/spring.

The best website ever ... in the universe is so good

nice post with analysis. thanks for such informative share. cheers:-)

Numerous individuals speculated that the buildup driven by Verge would be futile and tragically, we lament to report that today. Approve, so they have set up an association that could demonstrate to bloom and progress toward becoming something far greater than we can see at the present time. By and large however, individuals are disillusioned, this can just have annihilating results for a cash that privilege may begin to battle after this, if things don't enhance, rapidly.

I will remember this one

It's almost always priced-in by the time you find out about it.

Meanwhile the partnership with MINDGEEK is what puts me off this verge coin.

But there is only so much we can do, and honest to say, this partnership with Porn Industry serves well verge's purpose as well as of the porn industry.

Many porn site visitors fear to use their credit card information on Porn sites. With this partnership, they obviously don't need to worry about that, and that can only be a plus for them, and for verge .

Nice article, I think I will stay away from verge. So many other coins to choose from.

lex the legend is giving some solid advice as per usual... You live and u learn right? :)

I sincerely hope that Bitcoin Private will win the competition in the realm of privacy coins, never liked Verge and never invested in it

Good for them. This is also good exposure for crypto in general as porn customers that are not in crypto yet might try to find out what Verge is and how to get it. It is however not the game changing partnership advertised and Verge took a lot of money in donations from their community for this.

excellent

I was lucky enough to reap its gains and sell it on the peak. A rare an oh-so-sweet success.

You got a 7.85% upvote from @postpromoter courtesy of @lexiconical!

Want to promote your posts too? Check out the Steem Bot Tracker website for more info. If you would like to support the development of @postpromoter and the bot tracker please vote for @yabapmatt for witness!

great^^

I'm glad I wasn't holding any Verge!

why not buy the bad news and sell the good rumor?

Good call. Congrats on getting out.

Thanks to share your good post