I have bought in Verge when it was $0.005 for $150 and within 3 weeks, it shot all the way up to $0.30 which is a 60X in a short 3 weeks making the capital become $9k. I didn't sell at the top as I have sold around $0.17 and see it continune running. Decided to let go of it as it seems to be over run.
Why Verge can moon in such a short time and be in the lime light?
Verge community is great as they are very supportive of the coin and will support each other to continue to HODL and buy on dips. The strongest I have seen so far.
John McAfee effect. After mentioning Verge as a great privacy coin together with Monero, most people will jump into Verge instead of Monero since the potential upside is much better.
And why it has dropped the last few days?
After running up so much in such a short span, it needs a break.
Rumors of the team not communicating pull the coin down.
After McAfee mentioned he did not say it will reach $15, but $0.15, the coin went below $0.15.
After trading so much in the stock market and now into Crypto world, I must say human emotion plays a big part and it's always the same. Everyone wants the coin or stock to fly up forever. We have to be nimble and be aware of whats going on. And of course never buy at the tip of the moutain. Being a tortoise helps by being patient and slow. Buying at low when no one notice will be a better game then to rush into the flying coins.
McAfee has since stopped his coin of the day tweet as the effect seems to have died down. Once he tweeted, since everyone believe it will move the coin up, everyone dashed in to buy at what ever price they can and thus pushing up the coin 3x within 5 min and after that selling off for profit when fear set in and tumble the price. Play safe and elimate human greed and fear, you should be fine.