Caveat Emptor: Is XVG a Scam On the Verge of Collapse?
In my newfound zeal for altcoins I bought a relatively large stake of Verge (XVG) back a few weeks ago on my favorite exchange Binance when it was trading around .06. Today I stumbled across this troubling thread on Reddit that claims Verge is a scam.
"If you are invested in XVG get out now."
Furthermore, jumping down this rabbithole basically compelled me to divest myself of this particular cryptocurrency. The claims are that:
- The developer/founder of XVG Sunerok is MIA, currently nowhere to be found
- Sunerok never intended on releasing the wraith protocol
- The entire development team has quit
- XVG is a scam and the "biggest pump and dump in history"
Here's a screenshot referenced:
Of course, this could all be made up by shadow enemies of XVG. (If there are such people?) I did find this video released by a guy in pajamas, surrounded by Bob Marley posters and boxes. We can believe what he's saying, right?
Where to Buy/Sell XVG?
I personally buy and sell XVG as well as all of my other cryptocurrencies on Binance. I highly recommend the exchange and have had no problems with my trades, deposits or withdrawals.
What Do you Think? Is XVG a Scam?
I'm really not sure what or who to believe. One thing is for sure: it would seem that with XVG may well be a scam, but time will tell. Caveat emptor!
I think this coin will make a major step
I also have an investment in XVG and in my opinion it is not scam, we have to keep in mind that whenever in this world of investments there are always rumors positive or negative to lower the market with the intention of buying economic currencies and then selling them on the rise. We see this often in bitcoin and we know that it is not a scam. (A rumor makes you lower or raise any asset)
You make some great points. Lots of rumors from both sides on this one! Thanks for chiming in.
I’m waiting until after wraith before I sell.
I hear you. If it is the real deal, it could be a game changer in the industry. Either way, it's going to make waves!
I believe that was FUD. Wraith is coming apparently 😊
I hope so. It will be exciting to see either way. ;)
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Not a scam. Just
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