Verge: The "BIG" Announcement + Trading Opportunities
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.
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.
@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?
I would love to see a video about your opinion on a Litecoin trade.
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.
zcash has been on my radar also. I should've traded my verge for it earlier today.
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. 😑
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.
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.