Verge's long awaited, highly anticipated partnership announcement is finally here! Drumroll please ... Who is the lucky partner? Turns out... Pornhub!
In all seriousness, this came as quite a surprise and is a fairly big deal in the crypto space. While it seems Verge paid fairly steeply to get into bed with Pornhub (sorry, couldn't resist), it is far better than Verge taking the money altogether. While this significantly reduces the odds that Verge is an outright scam, it doesn't change the matter of incompetence.
Therefore, it appears to me that Verge is more joke than scam (which is a significant upgrade). This means it is still uninvestable, but slightly safer for those of you who are trading it based on Greater Fool theory. I'd still sell, but that's mostly because I can't handle the risk associated with such cryptocurrencies.
Also note that I am not well aware of Pornhub's business model, but if it's mostly driven by advertising, I don't know how much of a difference the acceptance of Verge will actually matter. Either way, the announcement made for an interesting day!
The rest of the video discusses trading opportunities in the following cryptocurrencies (simply based on the levels they are trading at):
- Dash
- Ark
- Zcash
What are your thoughts on the Verge announcement? Let us know in the comments below. Thank you for watching / reading!
Dash is a great long term asset as its structure creates a treasury fund for mined blocks that can go to promoting and development activities that support the long term growth and adoption of the crypto. It has also concentrated efforts in places where the unbanked need the support.
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Evolution is not the only catalysis for Dash. Their recent quiet announcement about getting a patent on their Dapp solution is huge. I don't know why its not talked about more in the news.
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@cryptovestor Obviously this is the best opportunity we have to stop climate change in its tracks. Isn't this now officially a real use case lol?
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I would love to see a video about your opinion on a Litecoin trade.
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Honestly think you missed the point. Not Porn hub but Mind Geek. Google Mind Geek and you will see how big they really are. Dust will settle and it will definitely start getting momentum from this. I didn't know people paid for membership like they do but it is massive.
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Great video, 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.
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Hi, just a heads up about coinranker.net - you might find it more useful than coinmarketcap for comparing the performance of alts against bitcoin. The 7 day chart thumbnails actually reference satoshi values, whereas coinmarketcap displays USD value based thumbnails even if you are browsing satoshi prices.
Thanks for the informative content you contribute. I enjoy your youtube channel.
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I am embarassed to own XVG 😂😁😄
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DASH, and ZEC are obvious quality coins/tokens. I hold both and use DASH to actually purchase products such as on overstock.com. If you want to check out something totally badass, which I found researching DASH is uphold.com. Tired of Coinbase? Buy your BTC, ETH, LTC, BAT yes I said BAT here... and even Ripple. Not enough for you? How about Gold, Silver, Platinum? Not enough to get you to look. OK, tell me a website were you can send FIAT USD and trade for Swiss Franks, British Pound, New Zealand, and Australian dollars.... and about 10 other foreign currencies.... This site is apparently is so good, my local bank and credit union let me use my debit card twice, and now mysteriously is not letting me send funds to uphold with it.... The only stake I have in them if you think this is a shill is just my holding that I have put in so far. I have sent the funds flawlessly to Bittrex, and Binance to get my precious ALTs... Feel the Love!
I NEED TO UPDATE THIS POST! I have been using uphold for a couple months now. These 'clowns' suspended my account FIVE (5) days ago asking for more 'documentation' which I provided. 5 days ago, and all I get is a robo email saying they are 'reviewing my documentation'. I am beyond pissed, and I filled out a form on FinCen tonight to file a formal complaint. What professional company goes 5 days without replying to a paying customer, when they suspend your account? Anyhow, I made the mistake of leaving some DASH & Ripple on there along with some other funds.... Treat them like any other exchange if you dare deal with them. Don't leave any assets on their website. I can attest to that. Sorry I included them in my comment now.
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To be honest, I have to say, "NOT A BAD DEAL". Verge got real use case. On the contrary my religious view don't support it. 😑
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zcash has been on my radar also. I should've traded my verge for it earlier today.
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I promised myself I would not buy anymore altcoins but I've been considering going FOMO on XVG now that it dumped I think porn is a huge industry and if the media starts mentioning it will pump. There's also an entire industry behind porn conventions and shows that could potentially continue to pump verge over time. I had also been considering DASH when it was at 280 I think I missed it but maybe it's not too late.
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Totally agree. Has to only go up. Just reading last year $500 million in membership fees alone and that wasn't all the sites. Go watch the adverts. One for Porn hub and one for Brazzers. All of Mindgeeks sites are coming on.
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Haha man I actually hadn't heard the Verge announcement until hearing you say it in this video and dude I found that such a funny partnership announcement I almost spat my coffee out haha
Cheers for the heads up on Dash, I've held some for a good while now but might get a bit more if it starts to take off
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The partnership announcement turns out to be better than expected, but the price drop is justified.
If you are into covering shitcoins, cover Electroneum next time, possibly under Proof of Stupidity.
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I agree that when it comes to short to medium term "investing" in cryptocurrencies, fundamentals are relatively insignificant; it is market psychology / investor sentiment to which we should be paying most of our attention.
Purely for the purposes of discussion and learning, I just wanted to drill deeper into the trading opportunities that you discussed (and perhaps play devil's advocate at the same time).
The main considerations that you listed in your video are:
trading near support levels or yearly lows; and
a lot of hype / community support / talked about a lot.
(I know you mentioned catalysts on the horizon as well, but you said it wasn't even necessary when you spoke about Dash, so I have left it out.)
My question is, why would these two considerations mean that there is a swing trade opportunity in certain cryptoassets? I will use the three cryptoassets that you raised in your video for congruency, but arguably the points below could apply to any cryptoasset.
In relation to the first consideration, I don't see how historical trading activity indicates that there will be a upswing in price in the future. The past doesn't determine the future. In relation to Dash, for example, you mentioned that Dash hasn't performed all that well compared to other altcoins, and so there is an opportunity in the next altcoin run. Couldn't this be used in an argument against investing in Dash as well (i.e., as shown by the decrease in bitcoin dominance, the market is starting to assume more risk. But even in light of the increased risk appetite, investors are still not willing to buy into Dash.)?
In relation to the second consideration, again, why does this indicates a possible trading opportunity. An argument could be made that the hype is already associate with a certain coin is already priced in; or that community support forms the support levels (see above). I think Ark is a good example of this - judging from the sub-reddit, Ark does indeed satisfy this second consideration. Further, Ark VM and Ark Core v2 have long contributed to the hype surrounding Ark. However, as you rightly pointed out, Ark's price has, for a long time, been stagnant, even during the last crypto bullrun. I suppose my point is, the hype / community support / popularity is, and has been, there. The cult following, for the lack of a better word, is good but is it enough? (To be clear, I do hold Ark, and I really like the project.)
I realize that I talked about these two points in isolation, and perhaps the swing trade opportunity arises when the two points you raised synergize. To the extent that I have misrepresented what you said, or took it out of context, or simply misunderstood you, many apologies. In any event, I look forward to your views.
Thank you!
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YOU are good at bitcoin! My friend!
New friends good people. Honest bitcoin.
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I think this was a bad choice for verge, to associate itself with a business that is an ugly stepchild of a business
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Thoughts on Cardano and Nano? They're close to 3k and 80k satoshi respectively, but I was interested in your opinion on them (as investments only) now that the market has seen an uptick recently. @cryptovestor
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I took ur advice on Nano and now i am sitting on good gain. I also thunk nano is a p&d but if there's money to be made, i am in. Gave you my upvote but i think it's only worth a cent right now.
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Thoughts on ERC20 token that will be listed to Coinbase? Notable mentions: OMG BAT PPT CVC DASH Thank you
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whats the approx. length and driving forces of the bitcoin/altcoin cycle?
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I think the Verge deal could turn out fairly well. For the VHS standard it was its breakthrough, when they opened up for the porn industry and far better technologies like BetaMax got left behind.
However, I dont get it to pay on a free porn side. :-) And the onboarding to buy Verge (buy Bitcoin on coinbase, go to Binance buy Verge, transfer it to pornhub), might be still a big blocker for more adoption.
About Zcash... well, it is my worst performing coin and it is the first time I lost faith in a project, I liked. I think their technology is great, but they are more successfull, selling the software, than selling Zcash. Thanks for the video and keep up the good work!
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