A lot of drama has been going on about VeriCoin it seems over the past 23-36 hours. A lot of people started panicking, there were some things said about the SMS Wallet not being delivered….But from what I can tell, the service is right there…Maybe I missed something?
One of the facts we can’t deny is that the VeriCoin price has really taking a big blow overnight. Dropping by over 25%, you can see why a lot of people would start to panic and maybe sell off some coins at a loss. It’s human nature after all.
What I’m more interested in, is the reason behind this massive price drop. Sure, it could just be some big investors playing around and taking a lot of people’s money by manipulating the markets. Actually, that is the most common kind of trading we’re seeing these past few weeks.
I’m also noticing people saying that, while the VeriCoin SMS Wallet is functional, it didn’t seem to work for them. Not uncommon either, considering this project is still in alpha version, and things like this are bound to happen.
This was confirmed earlier today as the VeriCoin SMS gateway reached its limit late last night , which is why the developers asked people not to use it while they were looking into it. Once again, no reason for the panic.
From what I can tell, there has to be some massive market manipulation behind this price crash, combined with people seeing prices go down and panic selling as well. This is exactly why we , as Crypto enthusiasts, can’t have nice things.
Apparently a lot of these “investors” in Crypto need 24/7 handholding by coin developers, because they can’t do some research or think for themselves. It’s a sad state of affairs, but one that isn’t likely to change any time soon.
Either way, there is nothing wrong with VeriCoin. The SMS Wallet works, but is still in a testing phase, and there can be small bugs that occur. Don’t send too many coins while testing this service out, and I’m pretty positive this will turn out just fine.
If you are interesting in checking out the VeriCoin SMS Wallet, click here.
VeriCoin donations are welcome to : VLwMZhQ27XaKLYeM1Ynf41rjVoiEYx1rYW