VTC simply isnt strong enough to sit straight on its own.
VTC is overvalued any price above 3500 satoshi. No wonder it likes to re visit that level so often.
If you feel bullish about VTC, ask yourself this. Why choose VTC over LTC? Why purchase VTC instead of Ethereum? Currently, there is absolutely no reason to buy VTC for anything other than to flip it for more BTC.
Only stupid people HODL when a crypto is about to dip
If you are a so called HODLer, buying now will only hurt you. It is just not a good long therm investment.
Sell opportunity is around 44500 satoshi. After that, a slow journey to 2500-5000 satoshi range will happen.
Only then it will be sensible to HODL VTC again.
Stay safe.
Remember, only real money to hodl is fiat. If anyone says the opposite, it is a blatant lie.
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VTC is holding quite well. However I wouldn't count on it as a short therm investment. This bugger is going down. Just wait a few more weeks. Unless a major surprise (new exchange listing, project milestone etc.) happens ofc.
VTC is more Decentrilized than any of the coins you just mentioned. Therefore, no one group controls VTC, and Fiat to VTC exchanges in USA and Europe begin. Bet you are long on cRipple
zobitore12kote
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@Kp15460, Doesn't matter, still going to re-visit 2500-7500 range. :) I am not long on Ripple. I hold mostly BTC and very little amounts of Waves, ADA & XLM.
zobitore12kote
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@Kp15460, BTW i am looking forward to buy more VTC. Just not at current price. It is just ballooned up by speculative action right now. :)
@Kp15460, Whales don't care. I don't care either. The only value this garbage has is whether or not I can sell it to the greater fool at a higher price. $$$
Kp15460
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@mightytrader, whales? What mythical perception is next? The bots control everything? You shouldn't even be worried about VTC, the top was sold in December, or you still bag holding?
mightytrader
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@Kp15460, No, that's backwards: Actually the Whales control the bots.
casrules
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Maybe learn how Elliot waves work in the first place ?
zobitore12kote
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@casrules, Ask me if I believe that in the first place.
zobitore12kote
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@casrules, People count waves as long as it fits their mentality and expectations. When markets do not follow any previous scenarios, they just change scale or something. Because most of that so called "wave" analysis is mostly bullshit.