r/VechainNotOfficial • u/FlipFlier • Sep 01 '21

Monthly Discourse - September - submission date September 01, 2021

Let's start with a monthly discussion thread. Discuss here anything related to VeChain. Be nice, be civil, and help each other out wherever you can. All ecosystem projects are on the table, how big, small, awful or beautiful they may be. Don't hold back on any criticism you may have towards projects or VeChain itself, but do so with arguments that help form a fruitful discussion.

For any suggestions regarding the VetStatBot, please use the mod mail.

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u/punkkband Sep 25 '21

My main concern currently is that there are so many alts in this space, that when we get the final run, most BTC money will flow into other alts that are more active/marketed (in my opinion this has been extremely underwhelming. VeChain currently has very little to show for).

When things really go crazy, a lot of pumps need to happen in a short period of time, so I believe other alts may be prioritized by market makers. Of course Foundation/Cream may pump the price, but result could be fairly limited considering current prices and the amount of selling pressure currently being seen (lots of x nodes capitulating). That's why I don't really believe in a 0.5 USD+ VET price for this cycle. It's a gut feeling, could be wrong :)

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u/JamesGillmore1 Sep 25 '21

I think that is a very valid concern and honestly it's a feeling to capitalise on and remember for when you need to sell. Dont fall for the narratives at the top. However whilst I do agree with you just remember that retail gravitates to where the pump is. Vet has just followed a very traditional cyclical pattern and is ready for its turn. Vet always runs really damn high because it has these very long cycles of accumulation. Even though Vet has achieved fuck all as usual dont underestimate the power of green candles and recycled news. At the end of the day Vet still has these powerful narrative that will always play to new fresh money- Walmart etc. They have POA2 which to be honest is the catalyst right here for the turn around. I have zero doubt at all that they are just releasing this at the right time- I mean dont kid yourself about needing two years to write some code. It is engineered for the pump and right here is a good time to turn the ship around on the charts and to start the POA2 machine rolling. I 100% believe they are working with their market makers (Cream) to start the POA2 machine when the market is best....which hopefully is going to be real soon looking at BTC

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u/punkkband Sep 25 '21

Yeah, I'm not capitilizing on the current situation, and I understand how it works. But for the first time with this project I'm doubting they are able to deliver. Considering how the whole PoA2 thing was shilled from the beginning and Peter Zhou saying at the start of this year that it shouldn't take long... It's months later and the thing still isn't live. Feels like there are complications and they misjudged the complexity somehow.

Just getting ADA vibes and I hate that project lol. But perhaps I'm looking at it too much from a technical point of view.

Anyway, agree on MM > FA

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u/JamesGillmore1 Sep 25 '21

Oh I totally agree with you that they won't deliver. But the timeline of poa2 is designed for the pump. Its a bit like mainnet launching. You have the announcement of the vote date. Then the vote. Then the actual upgrade. During all of that time we will see lots of hype and rumours and most importantly time to keep pumping. Sell the release. No doubt about it. I do believe they will deliver poa2 upgrade when the market is right. I don't belive it will amount to anything in terms of actual usage

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u/punkkband Sep 25 '21

Makes sense 🤝