Being a newbie to the cryptocurrency market place, I will tell you what I see happening with altcoins like Verge XVG, but this can also apply to any cryptocurrency that is currently hovering in the one-dollar-or-less range. I've spent countless hours (more than I ever wanted to,) reading articles and tweets, and even watching YouTube videos, soaking in every possible opinion of just about every coin, from the people that despise a particular crypto to the people that love it and reinforce their positions to HODL forever. (And no, I'm not comfortable typing "HODL" when I mean "hold.")
There seems to be two types of people that are turning these, possibly undervalued coins into a daily roller coaster of love and hate, buys and sells. You have the folks like myself. I'm essentially broke, and with my life at nearly the half way point, I have very little to show for years of working job after job, except for the ability to make ends meet each month, (which is nothing to be ashamed of, in this hard hitting time in history that this generation lives in.) Or maybe folks considerably younger than me, but very similarly possessing very little money that they can afford to invest in the new wild west, that is the cryptocurrency market. People like us seem to be buying various, inexpensive altcoins, because we're seeing the narrow yet very real possibility of our $200 becoming $20,000 in the course of a year. We tend more to pledge our allegiances to the coin (or coins) that we believe in, and then hold on to them as the roller coaster keeps on rolling up and down with each passing day, keeping our eyes on the goal. With what little people like us have to invest, we are basically "all-in," and wait patiently for the river card to drop in the coming weeks, months, or even years.
Then you have the folks that are somewhere between middle class and rich, who see this roller coaster ride in the altcoin market as pure fun, akin to sitting at a blackjack table in your favorite Vegas hotel, knowing that if you lose, life goes on without a hitch, but if you win, you win big. These are the people who likely already own a full Bitcoin, or several, which makes throwing around fifty grand in the altcoin market, buying low and selling high on a daily, if not hourly basis, not only so easily feasible, but what drives their passion to be in this (rightfully) unregulated shit storm of fun. These people come in and buy up the fears of the smaller investors like me, knowing that a big enough block of them will panic sell, and at least hope to walk away with a small gain, and then hang their hat and be done with it. Then, when the next batch of newbie investors come in, prices drive back up, and these whales dump for a quick profit. Then, well you already know... rinse and repeat.
I think there are many very astute, intelligent folks that make up the less wealthy block of altcoin owners. We know very well that as our everyday, real life moves forward, and we have to balance work, school, or whatever else it is that we do to survive and get through each month. Of course we would love to have enough money to play around with, so that we too, can be among the bigger fish that buy and sell, fattening our pockets every week, but until that initial big win on a small bet comes around for us, essentially "our crypto ship coming in," then we are best to remain wise to hold on to what we have. The way I see it, there most definitely is a few altcoins among the hundreds that currently exist, that will be as big as Bitcoin someday. Maybe even someday inside the next year. So, the money that we have in, whatever our uniquely chosen altcoins are, is essentially our bet being placed, that our future can be one where we too, enjoy the fun and care free time at the virtual crypto blackjack table, buying the panic sells of a whole new batch of newbies, but until such time as a few of us are made big winners, while the rest of us wish we'd have chosen that one lucky cryptocurrency that actually hit big, then we are best to HODL, and do with what little bets we can afford, one of my favorite sayings, "Let it Ride!"
Let's be honest with each other here. While certainly some altcoins have differing cases to be made as to why they have a real bright future, (one fantastic example of this is the "wraith protocol" hype associated with Verge XVG,) when all is said and done and we are having this conversation a year or more from now, wraith protocol's actual time of release, if any, is going to be hardly even relevant, and it is all going to boil down to the majority of our chosen currencies to all be luck. Plain old luck! On that note, I conclude this post by wishing each and every one of you... Good luck!
PS. Remember that in this life, a given amount of time is all we really have. Use that time to do whatever you have to do to live each day as a new and amazing experience. I do this by caring for my amazing girl and her two beautiful daughters, by being with them, half way around the world in Indonesia, as often and for as long as what little income that I have allows me to. That for me is a bigger reward than any amount of money to be made in the cryptocurrency market. My friends, love the people that you really have in this life, and be the best "you" that you can be, always. When this "time" runs out, Verge XVG, or ANY cryptocurrency, will have been nothing more than a sub-chapter in the book that is "your life."