Ripple is looking very good here. Clear in both USD and markets. support now at 0.00006750 and rising with 0.36% a day. USD resistance now at 37 cents and trending downwards at 0.29% a day.
If makes a move higher, which I anticipate, Ripple is likely to take the lead in the altcoin dance. Ripple cannot stay in both (beneath 37 cents and above 6750 ) if rises higher than 5481 USD (= 0.37/0.0000675). This maximum value required for ripple to stay in both is declining with 0.65% each day (about 40 dollars).
I deem it more likely that Ripple will break USD resistance in a crypto bull market than that it would crash in terms. After all we have already seen big moves in Cash , Litecoin and Classic this past week, whilst Ripple has stayed awfully quiet.
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Roger Ver has received a pre-hard fork trade offer worth “up to” 130,000 bitcoins in a bargain receiving heavy publicity.
Ver: Up To 130k Trade ‘Sounds Like Great Deal’
According to a of the Bitcointalk forum, a bitcoin bagholder known as “Loaded” signed a message from a wallet containing 40,000 BTC.
In the message, Loaded challenges Ver to a one-to-one BTC/BTU trade in the event of a occurring.
“@RogerVer lets make a deal, 1 for 1 trade. At least 60k, possibly up to 130k, my BTU for your BTC,” the message reads.
“The offer is open to Jihan Wu as well,” Loaded continued in a .
Consider it primarily as a vote of no confidence in the bitcoin Unlimited software and development team as it currently stands. I’ll add the contingency that the deal is null and void if there are major changes to either.
Responding to the offer, Ver seemed enthusiastic.
“This sounds like a great deal for both of us. I look forward to ironing out the exact details and terms,” he , adding he was too busy to confirm for the next two days.
While the trade cannot go ahead unless or until bitcoin Unlimited becomes a separate chain, Ver has already signaled his own vote of no confidence in Core, stating in an with MadBitcoins at the weekend that he would dump his BTC holdings.
Rumored to have a total of around 300,000 coins, the trade would produce significant downward pressure on the price of BTC, though it seems that some “whales” will be ready to scoop up Ver’s coins in no time.
Uncertainty over the future and its consequences is meanwhile filtering through the rest of bitcoin’s best-known names.
Rhetoric first over the so-called UASF, then later changing bitcoin’s proof-of-work algorithm, is now increasingly concerned with value protection.
In his latest t titled “For the Love of bitcoin,” entrepreneur and veteran commentator Vinny Lingham cited the “old adage” in investment that “markets will stay irrational longer than you can stay liquid.”
“Roger Ver confirmed exactly what I wrote in [a previous post] ‘’ — that he will be dumping his BTC. That will send the market spinning, for sure,” he added.
bitcoin Unlimited meanwhile suffered another denial of service attack Tuesday, with its node count plummeting in minutes due to a bug occurring “just six lines above” the previous one, which halved node numbers last week.
Also predicting the forked future is Bitfinex, which is currently BTU futures at a rate of $351 per coin at press time. BTC futures, with the ticker BCC, are trading at $720.
What do you think about Roger Ver’s trade? Let us know in the comments below!
Images courtesy of Twitter, Shutterstock, Coin.dance
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