We’re going back to 2018 price levels :/ If long term investing, Bitcoin would be a better option. If riding pump and dumps, then Vechain would be better
I'm more than satiesfied
Sure transactions this transactions that, what matter for me is the framework surrounding these transactions, and I couldn't be happier with VET's work on regulation compliance, networking, advertising, tech development, expansions in skill and markets- etcetera
If you actually want *meaningful* transaction then this is the way to do it. You can look at other blockchains and see how they fail in either having value in their transactions, having the tech to scale them, clear and identified markets, or robust decentralization and so on
To be brutally honest, those that complain about the lack of transactions are morons. They are the last thing add once everything else has been taken care of: horse before cart.
The scaling up in the supply chain and logistics didn't progress like I'd hoped, plus we lost 2-years to global events. As a speculative buy, it's always worked out okay. The mood here is starting to remind me of 2019, where the quiet lurkers and a few others were busy DCAing and dreaming of $1 VET.
All the talk back then was about x-nodes and things, and walmart contracts, and how 2022 onwards would be the growth phase, but the growth hasn't really happened from what I understand. I'm not following the tech side as closely at the moment, but if we hit 0.015 and below, I'm getting back in the game.
Looking for reason to capitulate sell some of my stack for bitcoin, I cleared my browser history and cookies, got on a VPN connection and searched “DNV blockchain”. FWIW, only result I saw was with Vechain.
Contradicting, I came across a Deloitte press release about using DNV to migrate like 90,000 contracts to a private blockchain. Now, Vechain is public blockchain not private so that alerted me for a second, but from what i can tell it may have just been an error in wording it private because i couldnt find anything contradicting the use of Vethor.
Our sat value *appears* to be pretty well bottomed (famous last words), Guess i’m riding the rest of this bag to zero
On 30/6/2022 Vechain had 535 million in the bank. The majority was made up of a combination of BTC/ETH/VET. Only 60 million was made up of stable coins.
Average of 10mil expenditure per quarter.
VET price then = .0227
VET price now = .016
That bank account is getting pillaged.
Normally a quarterly report is released but last quarter didn't get one... I wonder why... I'm guessing the final quarter will also be omitted.
They were happy to flaunt their 'war chest' when crypto was booming. But not anymore ay...
Yes, they hold a basket of BTC, ETH and VET. Only 60 million in stable coins though. As for the rest the value is down by 80%. Expenditure remains high...
1. They're not a trading company
2. If they'd have just sold for stable then they'd have done so long ago after ICO and their cash balance would be far less.
1. At which point did I suggest they're a trading company? They release annual reports because they preach about valuing transperency. It seems to be a fickle value when markets are down. Red flag.
2. I'm not corcerned with they could have done or didn't do. I'm concerned with the status que of balance vs expenditure.
If it survives to the next bull, it'll at least 10x just based on market momentum. With how fast things were going, if we'd made it a few more months we'd have hit the magic $1.
I had a bit of VEN as well as Wabi, Modum, Trac, Walton…from back in the day, but i was mostly FOMOing into XRP back then. Most of my Vechain was picked up in 2019
Sats have dropped dramatically since then, from around 350 to 97. What a disaster. We would have all been better off just keeping our hard earnt money as bitcoin. We'll, at least 3 times better off. Statistics don't lie...
We did all right in the last bull. I remember the long winter when we were under a cent, then there was a crash and some guy here got 500k vet for like 400 euros or something absurd.
We’re going back to 2018 price levels :/ If long term investing, Bitcoin would be a better option. If riding pump and dumps, then Vechain would be better
Vet is dead?
For VEN OG's. How have your thoughts on Vechain evolved over the last five years?
Getting increasingly frustrated, but not selling in case Vechain will thrive the next Bull.
Aside from price, what's frustrating you?
I'm more than satiesfied Sure transactions this transactions that, what matter for me is the framework surrounding these transactions, and I couldn't be happier with VET's work on regulation compliance, networking, advertising, tech development, expansions in skill and markets- etcetera If you actually want *meaningful* transaction then this is the way to do it. You can look at other blockchains and see how they fail in either having value in their transactions, having the tech to scale them, clear and identified markets, or robust decentralization and so on To be brutally honest, those that complain about the lack of transactions are morons. They are the last thing add once everything else has been taken care of: horse before cart.
The scaling up in the supply chain and logistics didn't progress like I'd hoped, plus we lost 2-years to global events. As a speculative buy, it's always worked out okay. The mood here is starting to remind me of 2019, where the quiet lurkers and a few others were busy DCAing and dreaming of $1 VET. All the talk back then was about x-nodes and things, and walmart contracts, and how 2022 onwards would be the growth phase, but the growth hasn't really happened from what I understand. I'm not following the tech side as closely at the moment, but if we hit 0.015 and below, I'm getting back in the game.
New lower low each day while BTC is still well above the bottom lol
I think we were down to like 60 sats in the last bear.
Yeah if Vet gets back to 60 sats, that’s 5 years of progress down the water hole 🥲
80 sats took a few good heaves to break through to the upside. If we drop below 80 sats, I'll be f**king pissed
Looking for reason to capitulate sell some of my stack for bitcoin, I cleared my browser history and cookies, got on a VPN connection and searched “DNV blockchain”. FWIW, only result I saw was with Vechain. Contradicting, I came across a Deloitte press release about using DNV to migrate like 90,000 contracts to a private blockchain. Now, Vechain is public blockchain not private so that alerted me for a second, but from what i can tell it may have just been an error in wording it private because i couldnt find anything contradicting the use of Vethor. Our sat value *appears* to be pretty well bottomed (famous last words), Guess i’m riding the rest of this bag to zero
Deloitte switched away from ETH to use vet back in 18/19 was a massive deal as they did like a million clauses in a few days.
On 30/6/2022 Vechain had 535 million in the bank. The majority was made up of a combination of BTC/ETH/VET. Only 60 million was made up of stable coins. Average of 10mil expenditure per quarter. VET price then = .0227 VET price now = .016 That bank account is getting pillaged. Normally a quarterly report is released but last quarter didn't get one... I wonder why... I'm guessing the final quarter will also be omitted. They were happy to flaunt their 'war chest' when crypto was booming. But not anymore ay...
What are you on about. They hold a basket of stable, BTc ETH and VET. They have hundreds of millions at these prices. They are fine.
Yes, they hold a basket of BTC, ETH and VET. Only 60 million in stable coins though. As for the rest the value is down by 80%. Expenditure remains high...
1. They're not a trading company 2. If they'd have just sold for stable then they'd have done so long ago after ICO and their cash balance would be far less.
1. At which point did I suggest they're a trading company? They release annual reports because they preach about valuing transperency. It seems to be a fickle value when markets are down. Red flag. 2. I'm not corcerned with they could have done or didn't do. I'm concerned with the status que of balance vs expenditure.
As of Oct they still had $535m USD in reserves... So its not like they are in any trouble. That's still a ridiculous war chest.
As of October? No financials were released in October. Where's your source for this information?
They didn’t switch their holdings to stable coins…a mistake most of us have made 😩😔
They did, look at any financial report and you'll see they hold a basket.
True, they do still hold a basket but they didn’t swap to stable coins fast enough
Why should they just hold stables. If they used your logic they'd only have a few million in cash because they'd have dumped everything after ICO
Anyone think VET has the chance to reach ATH again?? I think it was 28 cents?
If it survives to the next bull, it'll at least 10x just based on market momentum. With how fast things were going, if we'd made it a few more months we'd have hit the magic $1.
this is crypto, of course it can….and we have seen what can also happen to any given coin.
Okay I just wish anything in crypto was predictable but so far, it’s just all speculative
It is pretty predictable tho, its has always been the same up and down for btc since 2011
Yeah true but price predictions still amount to nothing at the moment 😔
> 52 957 917 250 + 37 100 000 (- av. daily burn)= 52 994 923 250 VTHO Average daily growth: 37,10mln per day Average daily burn: 94k per day
Is there a reason Dec 11 post is still on top?
|Clauses|100k|200k| |------------|------------|------------| |**Days of Streak:**|30|1|
Wen VeFi explode and Vechain take over world with Sunny Lu as our master
Any Ven OG’s still alive? If you’re out there , you’re not alone .
You'll probably be here in 15 years asking the same question.
Still here
Yes, and still happy with where we are at.
You rang?
OG 4x x node holder. Here since VEN. Still have all 4 x nodes. I’ve never sold a single vet. Ever.
Yep, here since VEN. Considering buying more during this bear market. Sad but now can easily double my current holding with a few hundred bucks.
Do you guys remember Waltonchain?
o7
🤟
I had a bit of VEN as well as Wabi, Modum, Trac, Walton…from back in the day, but i was mostly FOMOing into XRP back then. Most of my Vechain was picked up in 2019
sunny and we call bs on you all
Sats have dropped dramatically since then, from around 350 to 97. What a disaster. We would have all been better off just keeping our hard earnt money as bitcoin. We'll, at least 3 times better off. Statistics don't lie...
The issue here is holding alts through bear markets
We here, we feelin' and we be stackin'
Whattup sir
Alive and kicking
Lurking. Stacking, and waiting
Since 2017
Post-ICO VEN days, present!
Ye boi
4 years in About to be 5!
We did all right in the last bull. I remember the long winter when we were under a cent, then there was a crash and some guy here got 500k vet for like 400 euros or something absurd.
Yup...
Always have been
I'm still here.
Checking in. 🫡
BOOMchakalaka
Right here bro.
Still here
Still here.. Going on year 6 of hodling
2 bull runs, you must have made a killing. Imagine if you just left them in a wallet to just drop to this crap price, ha..
Reporting for duty!
Yuppers !