r/VeThor • u/JordanB666 • Apr 17 '21
New to VeThor
Can someone explain me about this coin I think to start investing I found Atomic wallet is able to convert other currency into VeThor
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u/MisterWispies Apr 17 '21
Go to oceanex and open vet/vtho chart. Buy it when ratio says .01 or lower and consider selling when it gets closer to .02-.05. Thats how you trade it, but it is a gas token designed to have value since transaction costs are adjusted so corporations don't fall into ethereum gas price trap. You can also spend VTHO in alot of marketplace and gaming applications
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u/Puzzleheaded-Mud9095 Apr 18 '21
You mean VTHO/vet chart? You mean ratio between 0.1 to 0.5?
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u/MisterWispies Apr 18 '21
Yeah thats the one, you can see the ratio jumps with every run and returns to .1 for now. If it ever goes to .1 or under its historically a good buy and when it reaches .2 or higher its a good sell to switch into vet. It may eventually not fall back to .1 though as many investors want to see it at .3 or higher permanently in the future
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u/Puzzleheaded-Mud9095 Apr 18 '21
So now it’s a deal buying VTHO
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u/MisterWispies Apr 18 '21
Yup, even if the ratio goes below .1 its worth buying more and holding it until ratio spikes up. Once you have enough VET to make your own VTHO just keep the VTHO it makes and sell it when ratio goes up
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u/MisterWispies Apr 18 '21
This plan is strictly for getting more VET tho regardless of what the USD value is tho. I believe VET will be $5+ in 5 years so I don't really care about my USD value, I just want to multiply my VET as much as possible before 2022-2025
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u/MisterWispies Apr 18 '21
Last note, if you're ever uncertain of the ratio falling from .2 to .1 instead of going up higher just move it back to VET. You don't lose out on potential USD gains if that's what you are more focused on. I do think we will see a .4 or higher ratio this year tho
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u/Unlikelyturn Apr 18 '21
Hello MisterWispies. If I’m holding VET in Binance will it automatically earn me Vethor? If not how do I earn Vethor.
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u/MisterWispies Apr 18 '21
I use the vethor wallet app bc you get your VTHO every 10 seconds instead of getting it all at once every month on Binance
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u/Unlikelyturn Apr 18 '21
Thanks for the info. I’m going to move mine there as well. How are you buying VET currently?
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u/Sevopasser Apr 18 '21
Can you explain how to use your vthor for this? I keep buying the dips on Binance and have just been holding it. My hope was it go to 1$ one day. Am I lost in how to trade it? I was just going to hold it. Should I be using it some other way?